2008 BMW M6 Insurance Cost – 7 Tricks for Best Prices

Are you sick and tired of scraping the payment together each month for car insurance? Your situation is no different than many other drivers. With so many choices of insurance companies, it’s difficult to find the lowest price company.

You should take the time to compare rates quite often since insurance rates are adjusted regularly by insurance companies. Even if you think you had the best deal on M6 coverage six months ago you may be paying too much now. Ignore everything you know about insurance coverage because we’re going to demonstrate how to quote online to reduce your cost while improving coverage.

Car Insurance Comparison Rates

There are multiple methods you can shop for 2008 BMW M6 car insurance and some are less labor-intensive and much quicker. You can spend your afternoon driving to agents in your area, or you could save time and use the web to maximize your effort.

Most of the larger companies take part in a program where prospective buyers send in one quote, and every company can provide price quotes. This saves time by eliminating form submissions for every car insurance company.

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

The one downside to using this type of form is that you can’t choose the companies to receive prices from. If you would rather choose from a list of companies to compare prices, we have a page of companies who write car insurance in your area. View list of insurance companies.

Which method you use is up to you, but double check that you are using apples-to-apples coverage information with every price quote. If you enter mixed coverages you will not be able to find the best deal for your BMW M6.

Be sure to get all your discounts

Companies that sell car insurance don’t always list all their discounts in an easy-to-find place, so we researched both the well known as well as the least known savings tricks you should be using. If they aren’t giving you every credit possible, you’re paying more than you need to.

• Safe Driver Discount – Insureds without accidents may save up to 50% more on M6 coverage than their less cautious counterparts.
• Defensive Driving Course – Successfully completing a course teaching defensive driving skills could possibly earn you a 5% discount and easily recoup the cost of the course.
• Pay Now and Pay Less – If paying your policy premium upfront instead of monthly or quarterly installments you can actually save on your bill.
• No Claims – Claim-free drivers pay less when compared with frequent claim filers.
• Life Insurance – Some companies give a discount if you purchase a life insurance policy as well.
• New Car Discount – Insuring a new car can cost up to 25% less because new vehicles have to meet stringent safety requirements.
• Seat Belt Usage – Buckling up and requiring all passengers to use a seat belt can save up to 15% off the personal injury premium cost.

It’s important to understand that most discounts do not apply to the entire policy premium. Most only cut the cost of specific coverages such as comp or med pay. So even though they make it sound like all those discounts means the company will pay you, companies don’t profit that way.

To see a list of providers who offer auto insurance discounts, click this link.

How do I know if I need professional advice?

When buying coverage, there isn’t really a “perfect” insurance plan. Every situation is different and a cookie cutter policy won’t apply. Here are some questions about coverages that might point out whether or not you may require specific advice.

• When can I cancel my policy?
• What is UM/UIM insurance?
• What vehicles should carry emergency assistance coverage?
• Is a blown tire covered by insurance?
• How much underlying liability do I need for an umbrella policy?
• Can I afford low physical damage deductibles?
• Is my state a no-fault state?
• Does having multiple vehicles earn me a discount?
• Am I getting all the discounts available?

If you can’t answer these questions but you think they might apply to your situation, you might consider talking to an agent. To find an agent in your area, fill out this quick form or click here for a list of auto insurance companies in your area. It is quick, free and may give you better protection.

Insurance coverages 101

Understanding the coverages of insurance helps when choosing appropriate coverage for your vehicles. The coverage terms in a policy can be ambiguous and coverage can change by endorsement. Shown next are the normal coverages found on the average insurance policy.

Med pay and Personal Injury Protection (PIP)

Medical payments and Personal Injury Protection insurance provide coverage for expenses such as pain medications, EMT expenses, chiropractic care and hospital visits. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. It covers all vehicle occupants and will also cover any family member struck as a pedestrian. PIP is not an option in every state and gives slightly broader coverage than med pay

Comprehensive insurance

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 insurance covers claims like damage from flooding, hitting a deer and damage from a tornado or hurricane. The maximum amount you’ll receive from a claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Auto collision coverage

Collision insurance covers damage to your M6 resulting from a collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for things such as colliding with another moving vehicle, driving through your garage door and crashing into a building. This coverage can be expensive, so consider removing coverage from lower value vehicles. It’s also possible to bump up the deductible to save money on collision insurance.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection when the “other guys” either have no liability insurance or not enough. This coverage pays for injuries to you and your family and also any damage incurred to your 2008 BMW M6.

Due to the fact that many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Auto liability insurance

Liability insurance can cover damage or injury you incur to people or other property that is your fault. It protects YOU against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 50/100/50 which means a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability coverage pays for claims like medical expenses, medical services, legal defense fees and attorney fees. How much liability coverage do you need? That is up to you, but consider buying as large an amount as possible.