2014 BMW M6 Gran Coupe Car Insurance Rates – 5 Tips to Save

Having to pay for overpriced BMW M6 Gran Coupe insurance can take a big chunk out of your bank account and force you to make sacrifices. Comparing price quotes is a smart way to reduce premiums and put more money in your pocket.

Because you have many choices of insurance companies, it’s difficult to pick the most cost effective insurance company.

Compare the Market for Insurance Coverage

Performing a rate comparison can be exhausting if you don’t understand the best way to get rate quotes. You can waste hours driving to insurance companies in your area, or you could save time and use online quotes to get pricing more quickly.

Many companies take part in a program where prospective buyers complete one form, and each company then gives them pricing for coverage. This prevents consumers from doing quote forms for each company.

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

The one downside to doing it this way is that consumers can’t choose which companies you want to price. So if you want to choose specific providers to request quotes from, we have assembled a list of the cheapest insurance coverage companies in your area. Click here for list of insurance companies.

It’s your choice how you get your quotes, but compare exactly the same coverages with each company. If you are comparing different limits and deductibles on each one you will not be able to truly determine the lowest rate. Quoting even small variations in coverage limits may cause a big price difference. And when comparison shopping, more quotes will increase your chances of finding lower pricing.

Discounts on BMW M6 Gran Coupe insurance

Companies don’t always publicize every available discount very clearly, so we took the time to find both well-publicized and also the lesser-known discounts you could be receiving.

  • No Accidents – Drivers with accident-free driving histories pay much less as compared to bad drivers.
  • Theft Prevention Discount – Anti-theft and alarm systems prevent vehicle theft and will save you 10% or more.
  • Defensive Driver – Taking part in a defensive driving course could possibly earn you a 5% discount and easily recoup the cost of the course.
  • Passive Restraints – Factory air bags or automatic seat belts can get savings of up to 25% or more.
  • Low Mileage – Fewer annual miles on your BMW could qualify for discounted rates on garaged vehicles.

Consumers should know that most discounts do not apply the the whole policy. Most only reduce the price of certain insurance coverages like liability and collision coverage. Even though it may seem like it’s possible to get free car insurance, insurance coverage companies aren’t that generous.

A partial list of companies that may offer these discounts include:

It’s a good idea to ask each insurance company how you can save money. All car insurance discounts might not be offered in every state.

Tailor your coverage to you

When it comes to choosing coverage, there is no perfect coverage plan. Every insured’s situation is different and your policy should reflect that. Here are some questions about coverages that might point out if your insurance needs would benefit from professional advice.

  • Will I lose any money if I cancel my policy before it expires?
  • Are my friends covered when driving my car?
  • Is my nanny covered when driving my vehicle?
  • Do I need rental car coverage?
  • When should I remove comp and collision on my 2014 BMW M6 Gran Coupe?
  • Do I have newly-aquired coverage?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed agent. If you don’t have a local agent, simply complete this short form or you can also visit this page to select a carrier

Can you really save that much by switching?

Progressive, Allstate and Geico constantly bombard you with television and radio advertisements. All the companies have a common claim of big savings if you switch to their company. But how can every company claim to save you money? This is how they do it.

All companies have a certain “appetite” for the right customer that is profitable for them. For example, a preferred risk might be profiled as between the ages of 40 and 55, insures multiple vehicles, and chooses high deductibles. A customer getting a price quote who matches those parameters receives the best rates and is almost guaranteed to save quite a bit of money when switching.

Consumers who fall outside these standards will be quoted more money and this can result in the customer not buying. The ad wording is “drivers who switch” not “everybody who quotes” save that much. That is how insurance companies can state the savings. This emphasizes why it’s extremely important to get as many comparisons as possible. It’s impossible to know which insurance companies will provide you with the cheapest BMW M6 Gran Coupe insurance rates.

Insurance coverage breakdown

Learning about specific coverages of insurance helps when choosing appropriate coverage for your vehicles. Insurance terms can be confusing and reading a policy is terribly boring. Below you’ll find the usual coverages available from insurance companies.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for immediate expenses for things like dental work, prosthetic devices and doctor visits. They can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not universally available and may carry a deductible

Comprehensive coverage

This pays to fix your vehicle from damage that is not covered by collision coverage. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as hitting a bird, hail damage and a tree branch falling on your vehicle. The maximum amount a insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Coverage for collisions

Collision coverage covers damage to your M6 Gran Coupe resulting from a collision with an object or car. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers claims like sideswiping another vehicle, hitting a parking meter and hitting a mailbox. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are 8 years or older. You can also choose a higher deductible to save money on collision insurance.

Uninsured/Underinsured Motorist coverage

This coverage provides protection from other drivers when they are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries and damage to your 2014 BMW M6 Gran Coupe.

Since many drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage is very important.

Liability coverages

Liability insurance can cover damage or injury you incur to other’s property or people by causing an accident. Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see limits of 100/300/100 that means you have $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability coverage pays for claims like funeral expenses, court costs, medical services and pain and suffering. How much liability should you purchase? That is a personal decision, but buy as much as you can afford.

More comparisons equals lower rates

Lower-priced 2014 BMW M6 Gran Coupe insurance can be found on the web and with local insurance agents, and you need to comparison shop both to have the best selection. A few companies do not offer online price quotes and most of the time these smaller companies sell through independent agents.

We just showed you a lot of techniques to shop for insurance online. It’s most important to understand that the more rate quotes you have, the higher your chance of finding lower rates. You may even find the lowest premiums are with a lesser-known regional company. Smaller companies often have lower prices on specific markets as compared to the big name companies such as State Farm or Progressive.

For more information, feel free to browse the resources below: