2013 BMW M6 Insurance Rates – 7 Ideas for Best Quotes

Tired of trying to scrape together enough money to insure your BMW every month? Your situation is no different than millions of other consumers.

Popular companies such as State Farm and Geico persitently shower you with ad campaigns and consumers find it hard to ignore the flying pigs and cute green geckos and effectively compare rates to find the best deal.

Smart consumers take time to compare prices before your policy renews because prices fluctuate regularly. Even if you got the best price for M6 coverage a year ago there may be better deals available now. Forget anything you know (or think you know) about insurance coverage because I’m going to let you in on the secrets to one of the best ways to buy cheaper insurance coverage.

If you have car insurance now, you will most likely be able to lower your premiums substantially using this strategy. Finding affordable coverage is not rocket science. But drivers do need to know the methods companies use to compete online and take advantage of how the system works.

Save big with these seven discounts

Car insurance companies don’t list all available discounts in a way that’s easy to find, so we researched some of the best known as well as the least known savings tricks you should be using.

  • Bundle and Save – If you have multiple policies with the same company you may earn 10% to 20% off each policy.
  • Low Mileage Discounts – Keeping the miles down on your BMW can earn discounted rates on garaged vehicles.
  • More Vehicles More Savings – Having multiple cars or trucks on one policy could earn a price break for each car.
  • Accident Waiver – Some insurance companies will forgive one accident before raising your premiums if your claims history is clear prior to the accident.
  • Senior Citizens – Mature drivers may be able to get a discount up to 10% for M6 coverage.
  • Safe Driver Discount – Safe drivers may receive a discount up to 45% less for M6 coverage than drivers with accidents.
  • Employee of Federal Government – Employees or retirees of the government could cut as much as 10% off for M6 coverage with select insurance companies.

It’s important to note that most discounts do not apply to all coverage premiums. Most only cut the price of certain insurance coverages like comp or med pay. So even though they make it sound like you can get free auto insurance, it just doesn’t work that way.

A partial list of companies that may have these discounts may include but are not limited to:

Before buying, ask each company which discounts they offer. Savings may not apply in your state.

The best way to compare policy rates is to realize car insurance companies participate in online systems to give rate comparisons. All you need to do is spend a couple of minutes providing details including your general credit rating, level of coverage desired, types of safety features, and how much education you have. That information gets transmitted to many of the top insurers and they return rate quotes instantly.

To compare multiple company rates now, click here and find out if lower rates are available.

But I don’t know anything about car insurance

When it comes to choosing the best car insurance coverage, there really is not a perfect coverage plan. Each situation is unique so your insurance needs to address that. Here are some questions about coverages that can help discover if your insurance needs will benefit from professional help.

  • Should I waive the damage coverage when renting a car?
  • Does insurance cover tools stolen from my truck?
  • Does my policy cover my teen driver if they drive my company car?
  • Do I really need UM/UIM coverage?
  • Should I buy more coverage than the required minimum liability coverage?
  • Is my teenager covered with friends in the car?

If it’s difficult to answer those questions then you might want to talk to a licensed agent. If you want to speak to an agent in your area, complete this form or you can also visit this page to select a carrier

Parts of your insurance policy

Knowing the specifics of insurance can help you determine which coverages you need for your vehicles. The coverage terms in a policy can be impossible to understand and nobody wants to actually read their policy. These are typical coverages found on the average insurance policy.

Collision insurance

Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things such as scraping a guard rail, backing into a parked car and colliding with a tree. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to choose a higher deductible in order to get cheaper collision rates.

Comprehensive coverage

This will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as a broken windshield, damage from flooding, falling objects and vandalism. The most you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Coverage for liability

This coverage protects you from damage that occurs to other people or property. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 25/50/25 which stand for a limit of $25,000 per injured person, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability can pay for things like bail bonds, pain and suffering, repair bills for other people’s vehicles, legal defense fees and loss of income. How much liability coverage do you need? That is your choice, but consider buying as large an amount as possible.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for bills for things like pain medications, EMT expenses and rehabilitation expenses. The coverages can be used in conjunction with a health insurance program or if you lack health insurance entirely. Medical payments and PIP cover not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP is only offered in select states but can be used in place of medical payments coverage

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your BMW M6.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is a good idea.

More quotes mean more savings

When trying to cut insurance costs, make sure you don’t skimp on critical coverages to save a buck or two. There are a lot of situations where consumers will sacrifice liability limits or collision coverage to discover at claim time that the small savings ended up costing them much more. Your focus should be to purchase a proper amount of coverage at a price you can afford.

You just read some good ideas how you can lower your 2013 BMW M6 insurance rates. It’s most important to understand that the more you quote, the better likelihood of reducing your rate. You may even discover the most savings is with a smaller regional carrier. Smaller companies can often provide lower rates in certain areas than their larger competitors like Allstate, Geico and Progressive.

To learn more, feel free to browse the following helpful articles: