2016 BMW M6 Insurance Cost – 9 Tips for Best Prices

Shoppers have lots of choices when shopping for affordable BMW M6 insurance. You can either spend your time contacting agents to get rate comparisons or save time using the internet to find the lowest rates.

There is a right way and a wrong way to compare car insurance rates and we’ll show you the quickest way to compare rates for your BMW and locate the lowest possible price.

It’s smart to get comparison quotes before your policy renews due to the fact that insurance prices go up and down regularly. Even if you think you had the best price on M6 coverage a year ago a different company probably has better rates today. Block out anything you think you know about car insurance because we’re going to demonstrate the fastest and easiest way to find the best coverage while lowering your premiums.

Auto insurance quotes comparison

There are a lot of ways to shop for auto insurance, but some are less labor-intensive and much quicker. You can waste a lot of time driving to local insurance agents in your area, or you could use the internet to accomplish the same thing much quicker.

Many insurance companies are enrolled in a marketplace where prospective buyers only type in their quote data once, and every company returns a rated price determined by their information. This system prevents you from having to do quotation requests for each company.

To find out how much you’re overpaying now click here (opens in new window).

The single downside to doing it this way is you cannot specify the providers to get pricing from. If you would rather choose individual companies to compare prices, we have assembled a list of the cheapest auto insurance companies in your area. Click here to view list.

It’s up to you how you get prices quotes, just make sure you are using the same coverage data with each company. If the quotes have unequal deductibles or liability limits you can’t possibly make a fair comparison for your BMW M6.

Get cheaper insurance coverage with discounts

Companies do not list every possible discount very well, so the below list has both well-publicized and also the lesser-known savings tricks you should be using when you buy car insurance online. If you don’t get every credit available, you are paying more than you should be.

  • Pay Upfront and Save – If you can afford to pay the entire bill as opposed to paying monthly you can avoid monthly service charges.
  • Multi-Vehicle Discounts – Having multiple cars with the same insurance coverage company can get a discount for every vehicle.
  • Driver Education Discount – Make teen driver coverage more affordable by requiring them to complete a driver education course as it can save substantially.
  • Responsible Driver Discount – Accident-free drivers can save as much as half off their rates on M6 coverage than drivers with accident claims.
  • Early Renewal Discounts – A few insurance companies allow discounts for switching companies prior to your current policy expiring. It’s a savings of about 10%.
  • Organization Discounts – Affiliation with a professional or civic organization can get you a small discount when shopping for insurance coverage.
  • ABS Brakes – Cars and trucks with anti-lock braking systems can reduce accidents and will save you 10% or more.
  • E-sign – A few larger online companies will give you a small discount just for signing your application on your computer.
  • Good Student – Excelling in school can save 20 to 25%. Many companies even apply the discount to college students up to age 25.

One last thing about discounts, most discount credits are not given to the entire policy premium. Most only reduce individual premiums such as physical damage coverage or medical payments. If you do the math and it seems like you can get free auto insurance, you’re out of luck. But any discount will bring down the premium cost.

Car insurance companies that may have some of the discounts shown above are:

It’s a good idea to ask every prospective company to give you their best rates. Savings might not be available to policyholders in every state. For a list of insurers with discount rates, click this link.

Tailor your insurance coverage to you

When it comes to buying the best insurance coverage, there is no “perfect” insurance plan. Every situation is different.

For instance, these questions might help in determining if your situation will benefit from professional help.

  • Can I afford low physical damage deductibles?
  • Am I missing any policy discounts?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • How much liability insurance is required?
  • Is upholstery damage covered by car insurance?
  • Do I need more liability coverage?
  • Do I need added coverage for expensive stereo equipment?
  • Do I need special endorsements for business use of my vehicle?
  • Do I need PIP (personal injury protection) coverage in my state?

If you don’t know the answers to these questions but you think they might apply to your situation, you might consider talking to an agent. If you want to speak to an agent in your area, simply complete this short form. It only takes a few minutes and may give you better protection.

Switch companies and save? Really?

Consumers get pounded daily by advertisements that promise big savings for switching by companies like State Farm, Allstate and Geico. They all state the claim about how much you will save if you change your policy.

But how can every company give you a better price? Here is how they do it.

Insurance companies have underwriting criteria for the driver that earns them the highest profit. For instance, a desirable insured should be between the ages of 30 and 45, has no driving citations, and has excellent credit. Someone that fits those parameters will probably get the lowest rates and will also save when they switch companies.

Insureds who are not a match for these stringent criteria must pay higher prices which results in the prospect going elsewhere. The trick companies use is to say “people who switch” not “everyone that quotes” save that much money. This is how insurance companies can lure you into getting a quote.

This really drives home the point why drivers should compare quotes as often as possible. It is impossible to guess the company that will have better prices than you’re paying now.

Car insurance coverage considerations

Learning about specific coverages of car insurance aids in choosing the best coverages and the correct deductibles and limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Collision coverage protection

Collision insurance pays for damage to your M6 resulting from colliding with an object or car. You first must pay a deductible then your collision coverage will kick in.

Collision can pay for things like hitting a mailbox, sustaining damage from a pot hole, damaging your car on a curb, scraping a guard rail and driving through your garage door. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Drivers also have the option to raise the deductible in order to get cheaper collision rates.

Liability insurance

This coverage protects you from injuries or damage you cause to other’s property or people that is your fault. It protects YOU from claims by other people. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have policy limits of 25/50/25 that means you have a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and $25,000 of coverage for damaged propery. Alternatively, you may have a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability coverage protects against claims like structural damage, repair costs for stationary objects, loss of income and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but buy higher limits if possible.

Uninsured or underinsured coverage

This provides protection when the “other guys” either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages should not be overlooked. Most of the time the UM/UIM limits are set the same as your liablity limits.

Medical expense coverage

Med pay and PIP coverage kick in for immediate expenses for funeral costs, hospital visits and EMT expenses. They are often used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Coverage applies to you and your occupants and will also cover being hit by a car walking across the street. PIP coverage is not universally available and may carry a deductible

Comprehensive protection

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for claims such as damage from flooding, a tree branch falling on your vehicle, theft, hitting a bird and a broken windshield. The maximum amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Quote more. Save more.

When searching for low cost car insurance quotes, make sure you don’t sacrifice coverage to reduce premiums. There have been many cases where an accident victim reduced full coverage only to discover later that the savings was not a smart move. The ultimate goal is to get the best coverage possible at the best possible price, but don’t skip important coverages to save money.

You just read many tips how you can lower your 2016 BMW M6 insurance premium rates. The key thing to remember is the more providers you compare, the higher your chance of finding affordable car insurance. Drivers may discover the best premium rates are with a small local company.

Budget-friendly insurance coverage can be sourced both online as well as from insurance agents, so you need to quote car insurance with both to have the best rate selection. Some insurance companies may not have online rate quotes and these smaller providers provide coverage only through independent agents.

More tips and info about insurance coverage can be found in these articles: