2014 BMW M6 Car Insurance Quotes – 5 Tips to Save

Trying to find the cheapest insurance rates for your BMW M6? Have you had enough of being strong-armed each month for car insurance? You are no different than many other drivers. You have so many insurance companies to choose from, and though it is a good thing to be able to choose, so many choices can make it hard to find the lowest rates.

Comprehensive Insurance Comparison

There are a lot of ways to compare insurance prices but there is one way that is easier and takes less work. You can waste hours talking about coverages with local insurance agents in your area, or you can stay home and use online quotes to achieve your goal.

Many companies participate in a marketplace where prospective buyers enter their coverage request one time, and every company can provide price quotes based on that information. This system prevents you from having to do quote requests to every company.

To access this free quoting program, click here (opens in new window).

The only drawback to doing it this way is you can’t choose the insurers to receive prices from. If you prefer to choose from a list of companies to receive pricing from, we have a listing of insurance companies in your area. Click here to view list.

However you get your quotes, be sure to compare apples-to-apples coverage limits for every company. If you are comparing different values for each quote it will be very difficult to make an equal comparison.

How much can you save with these five discounts?

Properly insuring your vehicles can get expensive, but you can get discounts to reduce the price significantly. Larger premium reductions will be automatically applied when you complete an application, but less common discounts must be inquired about before they will apply. If you don’t get every credit you qualify for, you are paying more than you should be.

  • Homeowners Discount – Being a homeowner can help you save on insurance coverage because owning a home is proof that your finances are in order.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes can reduce accidents and qualify for as much as a 10% discount.
  • Theft Prevention Discount – Vehicles with anti-theft systems prevent vehicle theft and therefore earn up to a 10% discount.
  • Club Memberships – Being a member of a qualifying organization could trigger savings when shopping for insurance coverage for M6 insurance.
  • Accident Waiver – Some insurance companies will allow you to have one accident before raising your premiums if your claims history is clear prior to the accident.

It’s important to note that many deductions do not apply to the overall cost of the policy. Some only reduce the cost of specific coverages such as liability, collision or medical payments. So despite the fact that it appears having all the discounts means you get insurance for free, you’re out of luck. But all discounts will bring down the cost of coverage.

For a list of companies with discount insurance coverage rates, click this link.

How much car insurance do I need?

When it comes to buying adequate coverage for your vehicles, there really is no single plan that fits everyone. Everyone’s situation is a little different and a cookie cutter policy won’t apply. These are some specific questions can help discover whether you might need professional guidance.

  • Will I lose any money if I cancel my policy before it expires?
  • What is the rate difference between pleasure use and commuting?
  • What are the financial responsibility laws in my state?
  • At what point should I drop full coverage?
  • Should I buy only the required minimum liability coverage?
  • What happens if I owe more than my 2014 BMW M6 is worth?
  • Does liability extend to a camper or trailer?
  • What if I don’t agree with a claim settlement offer?

If you’re not sure about those questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

The auto insurance bait and switch

Consumers get pounded daily by advertisements for the lowest price auto insurance from the likes of State Farm, Geico and Progressive. All the ads say the same thing that you’ll save big if you switch your coverage to them.

How can each company claim to save you money?

All companies are able to cherry pick for the type of customer that earns them a profit. For example, a driver they prefer could be over the age of 40, has no tickets, and has excellent credit. A customer that hits that “sweet spot” will get very good rates and as a result will probably save when switching.

Consumers who don’t measure up to these standards will have to pay a higher premium which usually ends up with the customer not buying. The ad wording is “people who switch” not “everyone that quotes” save that much. That is how insurance companies can confidently state the savings.

Because of the profiling, you should compare as many rates as you can. It’s just too difficult to predict which insurance companies will fit your personal profile best.

Car insurance specifics

Having a good grasp of a car insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverage types found on the average car insurance policy.

Liability coverage

This protects you from injuries or damage you cause to other people or property that is your fault. It protects YOU against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 25/50/25 which means a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims such as medical expenses, structural damage and legal defense fees. How much liability coverage do you need? That is a personal decision, but consider buying higher limits if possible.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage provides protection when other motorists either are underinsured or have no liability coverage at all. It can pay for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. So UM/UIM coverage is very important. Usually these limits are identical to your policy’s liability coverage.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as hail damage, vandalism, fire damage, a broken windshield and falling objects. The maximum amount your car insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Insurance for medical payments

Coverage for medical payments and/or PIP reimburse you for expenses like rehabilitation expenses, dental work and prosthetic devices. They are utilized in addition to your health insurance policy or if there is no health insurance coverage. They cover you and your occupants as well as getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage

Coverage for collisions

Collision insurance pays for damage to your M6 from colliding with another car or object. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as hitting a parking meter, colliding with a tree, crashing into a building, rolling your car and scraping a guard rail. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. You can also bump up the deductible to save money on collision insurance.

In any little way, save everyday

While you’re price shopping online, you should never buy less coverage just to save a little money. There have been many cases where an accident victim reduced full coverage only to regret at claim time that the savings was not a smart move. The ultimate goal is to buy a smart amount of coverage at the best price.

In this article, we covered many ideas to reduce 2014 BMW M6 insurance prices online. It’s most important to understand that the more providers you compare, the better your comparison will be. Consumers could even find that the lowest priced car insurance comes from a lesser-known regional company. These companies may often insure only within specific states and give getter rates as compared to the big name companies such as Geico and State Farm.

More information is available at the links below