Cheaper 2014 BMW 6 Series Insurance Quotes

Expensive BMW 6 Series insurance can dry up your accounts and make it hard to pay other bills. Price shopping at each renewal is a smart way to make sure you’re not throwing money away.

Online insurance companies like Progressive, State Farm and GEICO all claim big savings with advertising and it is difficult to not get sucked in by the cute commercials and effectively compare rates to find the best deal.

It’s important to shop coverage around occasionally because prices trend upward over time. Despite the fact that you may have had the best deal for 6 Series insurance last year there may be better deals available now. Don’t believe everything you read about car insurance on the web, but by reading this article, you’re going to learn some of the best techniques to find cheap car insurance.

If you have insurance now or need a new policy, you can follow these tips to find the best rates and still get good coverage. Buying car insurance is not rocket science. Consumers just need to understand the most effective way to get comparison quotes online.

Six factors that influence insurance prices

Many different elements are used in the calculation when you get a price on insurance. Some are obvious such as traffic violations, but some are less obvious like your continuous coverage or your vehicle rating.

Shown below are some of the things used by companies to determine prices.

  • Single drivers take more risk – Having a significant other may save some money on your insurance bill. Having a spouse generally demonstrates drivers are more mature and it’s proven that drivers who are married file infrequent claims.
  • Poor driving means higher rates – Your driving record influences premium rates substantially. Only having one speeding ticket could increase your next policy renewal to the point where it’s not affordable. Drivers with clean records pay less for auto insurance as compared to those with violations. Drivers who have received severe violations like DUI or reckless driving may be required to file a proof of financial responsibility form (SR-22) with the DMV in their state in order to keep their license.
  • Better premiums on vehicles with better crash test results – Vehicles with good safety scores are cheaper to insure. Safer cars reduce occupant injuries and better occupant protection means lower claim amounts passed on to you as lower rates. If your BMW has at least an “acceptable” rating on the Insurance Institute for Highway Safety website you are probably receiving a discount.
  • Never go without insurance – Allowing your coverage to lapse is a quick way to increase your renewal premiums. Not only will you pay higher rates, being ticketed for driving with no insurance might get you a revoked license or a big fine.
  • Females tend to be lower risk – Statistics have proven that men are more aggressive behind the wheel. Now that doesn’t mean women are BETTER drivers than men. Women and men cause fender benders at a similar rate, but guys have accidents that have higher claims. Men also statistically have more aggressive citations such as DWI and reckless driving. Young males are most likely to cause an accident and therefore are the most expensive to insure.
  • Do you need those extra coverages? – Policies have extra coverages that may not really be needed when buying insurance. Things like coverage for rental cars, better glass coverage, and extra life insurance coverage may be costing you every month. You may think they are a good idea initially, but now you might not need them so remove them and pocket the money.

These discounts can reduce auto insurance rates

Auto insurance is not an enjoyable expense, but you might find some hidden discounts that could help you make your next renewal payment. Larger premium reductions will be automatically applied at quote time, but some must be asked for before you get the savings. If you don’t get every credit possible, it’s possible you qualify for a lower rate.

  • Senior Citizens – Drivers that qualify as senior citizens are able to get reduced rates for 6 Series insurance.
  • Claim-Free Discount – Drivers who don’t have accidents can save substantially in comparison to policyholders that have many claims.
  • Seat Belts Save – Drivers who require all vehicle occupants to use a seat belt can save up to 15% off the PIP or medical payment premium.
  • Waiver for an Accident – Not really a discount, but companies like State Farm and Progressive will allow you to have one accident before they charge you more for coverage if your claims history is clear for a specific time period.
  • ABS Braking Discount – Cars, trucks, and SUVs with anti-lock braking systems prevent accidents and will save you 10% or more.
  • Distant Student Discount – Any of your kids who are attending college and do not have a car may be able to be covered for less.
  • Discount for Low Mileage – Driving less could earn discounted prices on garaged vehicles.
  • Discounts for Good Drivers – Drivers without accidents can pay as much as 50% less for 6 Series insurance than their less cautious counterparts.
  • Online Discount – Many auto insurance companies may give you up to $50 for buying a policy and signing up online.

It’s important to understand that many deductions do not apply the the whole policy. Most only reduce individual premiums such as liability and collision coverage. So even though it sounds like all the discounts add up to a free policy, auto insurance companies aren’t that generous. Any amount of discount will reduce your overall bill.

A few of the larger companies and their possible discounts are:

  • State Farm may have discounts that include multiple autos, driver’s education, accident-free, safe vehicle, Drive Safe & Save, and good driver.
  • Farmers Insurance has discounts for homeowner, early shopping, good student, alternative fuel, and electronic funds transfer.
  • Progressive offers discounts for online quote discount, multi-vehicle, continuous coverage, multi-policy, and online signing.
  • GEICO may include discounts for anti-lock brakes, military active duty, air bags, defensive driver, and anti-theft.
  • Auto-Owners Insurance may offer discounts for teen driver, group or association, mature driver, safe vehicle, multiple vehicles, air bags, and company car.
  • The Hartford has savings for air bag, anti-theft, good student, defensive driver, vehicle fuel type, and driver training.
  • Farm Bureau offers premium reductions for multi-policy, renewal discount, multi-vehicle, safe driver, 55 and retired, good student, and driver training.
  • USAA offers discounts including new vehicle, driver training, military installation, vehicle storage, good student, and multi-vehicle.

When quoting, ask all companies you are considering to give you their best rates. Savings might not be offered everywhere. If you would like to see a list of providers with discount auto insurance rates, click this link.

Don’t be fooled by advertising claims

Consumers can’t escape the ads that claim the best premium rates by GEICO, State Farm and Progressive. They all seem to make the same claim that you’ll save big if you just switch to them.

That’s great but how can every company charge you a lower premium?

All the different companies provide the lowest rates for the type of driver that earns them the most money. One example of a profitable customer might be over the age of 50, has a clear driving record, and drives newer vehicles. A customer getting a price quote who fits those characteristics will probably get cheap premium rates and will save some money.

People who do not match these standards may receive higher rates with the end result being the customer not buying. The ad wording is “people who switch” not “all people who quote” save that much money. That’s why companies can make those statements.

Because of this risk profiling, it’s extremely important to compare many company’s premium rates. It is just not possible to predict with any certainty which company will have the lowest auto insurance rates for your situation.

When do I need an agent’s advice?

When choosing the right insurance coverage, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs so your insurance needs to address that. Here are some questions about coverages that may help you determine if you could use an agent’s help.

  • What discounts do I qualify for?
  • Do I need roadside assistance coverage?
  • Is rental equipment covered for theft or damage?
  • Who is covered when they drive my 2014 BMW 6 Series?
  • If I drive on a suspended license am I covered?
  • Does my personal policy cover me when driving out-of-state?

If it’s difficult to answer those questions but a few of them apply, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies. It’s fast, doesn’t cost anything and you can get the answers you need.

Car insurance coverage information

Learning about specific coverages of a insurance policy can help you determine the best coverages and proper limits and deductibles. The terms used in a policy can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverage types found on the average insurance policy.

Coverage for collisions

Collision coverage will pay to fix damage to your 6 Series from colliding with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage protects against things like scraping a guard rail, crashing into a ditch, hitting a parking meter and sustaining damage from a pot hole. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses like chiropractic care, hospital visits, funeral costs, dental work and ambulance fees. They are often used to fill the gap from your health insurance program or if there is no health insurance coverage. It covers all vehicle occupants in addition to being hit by a car walking across the street. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things such as fire damage, vandalism, falling objects and hail damage. The maximum payout you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Most of the time the UM/UIM limits are identical to your policy’s liability coverage.

Auto liability insurance

This can cover damage or injury you incur to other people or property that is your fault. It protects YOU from claims by other people, and doesn’t cover your injuries or vehicle damage.

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 that translate to a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Another option is one number which is a combined single limit which provides one coverage limit rather than limiting it on a per person basis.

Liability insurance covers things like pain and suffering, medical expenses, structural damage and loss of income. How much coverage you buy is up to you, but you should buy as much as you can afford.

Power to the consumer

In this article, we presented a lot of information how to shop for 2014 BMW 6 Series insurance online. It’s most important to understand that the more price quotes you have, the better chance you’ll have of finding inexpensive insurance. You may be surprised to find that the most savings is with a lesser-known regional company. These smaller insurers can often insure niche markets at a lower cost as compared to the big name companies such as Allstate, GEICO and Progressive.

When buying insurance coverage, make sure you don’t buy lower coverage limits just to save a few bucks. There are too many instances where consumers will sacrifice comprehensive coverage or liability limits and found out when filing a claim that they should have had better coverage. Your goal should be to buy enough coverage at the best cost, but do not sacrifice coverage to save money.

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