Has it been over a year since you last compared quotes for the cheapest BMW X6 insurance in Denver? Finding low cost prices on BMW X6 insurance in Denver is quite difficult for drivers who are new to quoting coverage rates online. You have so many different companies and agents to choose from that it can quickly become a burden to locate the lowest price in Colorado.
A recent survey discovered that the vast majority of consumers have bought car insurance from the same company for more than four years, and nearly the majority have never even compared rates from other companies. Many drivers in America can save roughly $850 each year just by getting comparison quotes, but they just assume it’s a time-consuming process to do a rate comparison.
Consumers need to do rate comparisons as often as possible due to the fact that insurance rates tend to go up over time. If you had the best deal on BMW X6 insurance in Denver a year ago you can probably find a lower rate today. Ignore everything you know about car insurance because you’re about to learn how to quote online to remove unneeded coverages and save money.
Discounts for lower-cost insurance rates
The price of auto insurance can be rather high, but there could be available discounts that could help you make your next renewal payment. Certain discounts will be applied when you quote, but occasionally some discounts must be specially asked for in order for you to get them.
- Driver Safety – Completing a driver safety class could save 5% or more and also improve your driving technique.
- Paper-free Discount – A handful of companies give back up to $50 for signing up over the internet.
- Data Collection Discounts – Insureds who allow their company to track driving manner by installing a telematics device such as Snapshot from Progressive or Drivewise from Allstate could possibly reduce rates as long as they are good drivers.
- Theft Prevention System – Anti-theft and alarm system equipped vehicles are stolen less frequently and qualify for as much as a 10% discount.
- Senior Citizens – If you’re over the age of 55, you may qualify for a small discount on rates.
- Membership in Organizations – Having an affiliation with a professional or civic organization could qualify you for a break on your next insurance statement.
- Military Rewards – Being on active duty in the military may lower your prices slightly.
Just know that most credits do not apply to your bottom line cost. Most only reduce individual premiums such as medical payments or collision. If you do the math and it seems like all those discounts means the company will pay you, companies don’t profit that way.
The best insurance companies and a summarized list of policyholder discounts are outlined below.
- State Farm offers discounts for good student, student away at school, passive restraint, multiple autos, Steer Clear safe driver discount, and Drive Safe & Save.
- Nationwide discounts include Farm Bureau membership, family plan, business or organization, good student, and accident-free.
- GEICO has discounts for anti-lock brakes, seat belt use, multi-vehicle, anti-theft, membership and employees, air bags, and defensive driver.
- AAA offers discounts including multi-car, good student, pay-in-full, good driver, education and occupation, anti-theft, and AAA membership discount.
- 21st Century may include discounts for student driver, anti-lock brakes, air bags, teen driver, and homeowners.
- The Hartford offers premium reductions for bundle, air bag, vehicle fuel type, driver training, and good student.
Before purchasing a policy, check with all companies you are considering to give you their best rates. Some of the discounts discussed earlier may not apply to policyholders in your area.
To get cheaper Denver auto insurance quotes, there a variety of ways of comparing price quotes from many available auto insurance companies in Colorado. The recommended way to comparison shop is simply to get online rate quotes.
When price shopping your coverage, making a lot of price comparisons provides better odds of finding the best rates. Some companies don’t provide online price quotes, so it’s important to also get rates from them as well.
The following companies are our best choices to provide quotes in Colorado. If multiple providers are shown, we suggest you visit several of them to find the cheapest car insurance rates.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| X6 35I AWD | $324 | $688 | $396 | $24 | $118 | $1,550 | $129 |
| X6 50I AWD | $246 | $482 | $358 | $22 | $108 | $1,216 | $101 |
| X6 ActiveHybrid AWD | $446 | $866 | $352 | $20 | $106 | $1,790 | $149 |
| X6 M AWD | $382 | $856 | $330 | $20 | $98 | $1,686 | $141 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married female driver age 50, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Estimates do not factor in vehicle location which can decrease or increase coverage prices greatly.
Raise deductibles and save
One of the most common car insurance questions is how high should your deductibles be. The figures shown below lay out the costs and benefits when you buy lower versus higher coverage deductibles. The first set of rates uses a $100 deductible for comp and collision and the second price grid uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| X6 35I AWD | $420 | $838 | $352 | $20 | $106 | $1,761 | $147 |
| X6 50I AWD | $458 | $936 | $352 | $20 | $106 | $1,897 | $158 |
| X6 ActiveHybrid AWD | $496 | $1032 | $352 | $20 | $106 | $2,031 | $169 |
| X6 M AWD | $496 | $1032 | $352 | $20 | $106 | $2,031 | $169 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| X6 35I AWD | $306 | $566 | $352 | $20 | $106 | $1,350 | $113 |
| X6 50I AWD | $334 | $632 | $352 | $20 | $106 | $1,444 | $120 |
| X6 ActiveHybrid AWD | $362 | $698 | $352 | $20 | $106 | $1,538 | $128 |
| X6 M AWD | $362 | $698 | $352 | $20 | $106 | $1,538 | $128 |
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Rate information does not factor in zip code location which can influence premiums considerably.
Using the data above, we can ascertain that using a $100 deductible costs approximately $39 more each month or $468 for a full year than choosing the higher $500 deductible. Because you would pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you usually have more than 10 months between claim filings, you would come out ahead if you elect the higher deductible.
Cost of full coverage in Denver
The example below illustrates the comparison of BMW X6 insurance costs when comparing full coverage to liability only. The rates are based on a clean driving record, no claims, $100 deductibles, married male driver, and no discounts are applied to the premium.
When to switch to liability coverage only
There is no written rule to stop buying full coverage, but there is a general school of thought. If the annual cost of comprehensive and collision coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your BMW X6 settlement value is $3,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would receive is $2,000 after you pay the deductible. If you are currently paying more than $200 a year for comprehensive and collision coverage, then it might be time to buy liability only.
There are a few situations where dropping full coverage is not recommended. If you still owe money on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not drop full coverage.
Responsible drivers pay cheaper car insurance rates
The diagram below illustrates how violations and at-fault claims can impact BMW X6 annual premium costs for different categories of driver ages. Data assumes a single female driver, full coverage, $250 deductibles, and no policy discounts are applied.
Learn How to Lower Your Insurance Costs
Consumers need to have an understanding of some of the elements that help calculate your premiums. When consumers understand what controls the rates you pay, this enables informed choices that will entitle you to better auto insurance rates. Many different elements are used when you quote your car insurance policy. Some are obvious such as your driving history, but others are not as apparent such as your marital status or your vehicle rating.
The list below includes some of the most common factors used by your company to calculate your prices.
Safety ratings are a factor – Vehicles that have high safety ratings cost less to insure. Vehicles engineered for safety have better occupant injury protection and lower injury rates means your insurance company pays less and lower rates for you. If your BMW has ratings of a minimum four stars on Safercar.gov or an “acceptable” rating on iihs.org you are probably receiving a discount.
Driving citations drive up costs – Having just one speeding ticket can increase rates by as much as twenty percent. Careful drivers get better prices than bad drivers. Drivers who get careless violations such as DWI, reckless driving or hit and run convictions may find that they have to to prove financial responsibility with their state’s licensing department in order to prevent a license revocation.
Your job may affect premiums – Occupations like judges, executives and financial analysts are shown to have higher average rates attributed to job stress and incredibly demanding work hours. On the flip side, jobs such as farmers, engineers and performers pay the least.
Add-on coverages can add up – Insurance policies have a lot of add-on coverages that you can buy when buying auto insurance. Add-on coverages like rental car coverage, accident forgiveness, and term life insurance are probably not needed. They may seem good when talking to your agent, but if they’re wasting money consider taking them off your policy.
Is your vehicle built for speed? – The type of car you drive makes a big difference in the rate you pay. The lowest rates tend to be for economy passenger cars, but your final cost has many other factors. Due to the fact that the BMW X6 is classified as a luxury crossover, rates will be substantially more when compared to the average rates in Denver.
Pay more of a claim out-of-pocket – Physical damage deductibles state the amount of money you are willing to pay out-of-pocket if you file a covered claim. Coverage for physical damage, also called ‘full coverage’, covers damage that occurs to your car. Some coverage claims could be rearending another vehicle, damage caused by hail, and having a roll-over accident. The more of the claim you pay before a claim is paid (deductible), the less your auto insurance will be.
Insurance rates in urban areas – Living in a small town can save you money when buying auto insurance. Lower population corresponds to lower accident rates and a lower car theft rate. City drivers tend to have much more traffic and more time behind the wheel. More time behind the wheel means more chance of being in an accident.
Car insurance can get complicated
Keep in mind that when it comes to choosing insurance from an agent or online, there really is not a single plan that fits everyone. Everyone’s situation is a little different and your car insurance should unique, too. For instance, these questions may help you determine whether you could use an agent’s help.
- What is an SR-22 filing?
- Which companies will insure me after a DUI?
- Who is covered when they drive my BMW X6?
- What exactly is covered by my policy?
- Do I really need UM/UIM coverage?
- Will my rates increase for filing one claim?
- Do I need PIP coverage since I have good health insurance?
- Is my vehicle covered by my employer’s policy when using it for work?
- Is water damage covered by my policy?
- If my BMW X6 is totaled, can I afford another vehicle?
If it’s difficult to answer those questions, then you may want to think about talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier
Buying insurance from Denver insurance agents
Some people prefer to buy from a local agent and that is a personal choice. One of the great benefits of getting free rate quotes online is that you can obtain cheap insurance quotes but also keep your business local. Supporting neighborhood agents is important particularly in Denver.
After filling out this quick form, the coverage information is immediately sent to insurance agents in Denver who want to provide quotes for your business. It simplifies rate comparisons since you won’t have to drive around due to the fact that quote results will go instantly to you. You can find better rates without requiring a lot of work. If you have a need to get a rate quote from a specific insurance company, you would need to visit that company’s website and give them your coverage information.
Compare rates from both independent and exclusive auto insurance agents
If you want local Denver agents, you must know there are a couple different agency structures and how they operate. Insurance agencies can be classified as either exclusive or independent (non-exclusive).
Independent Agencies or Brokers
These type of agents can sell policies from many different companies so as a result can place your coverage with lots of companies and find you cheaper rates. If they quote lower rates, they simply switch companies in-house and the insured can keep the same agent. When comparing rate quotes, it’s recommended you check rates from independent agents to maximize your price options. Most have the option of insuring with different regional companies which may provide better rates.
Listed below are Denver independent agents that may be able to give you free insurance quotes.
- Moody Insurance Agency
8055 E Tufts Ave #1000 – Denver, CO 80237 – (303) 824-6600 – View Map - Premier Group Insurance
1777 W 38th Ave #102 – Denver, CO 80211 – (303) 477-0505 – View Map - L A Insurance
2684 S Broadway – Denver, CO 80210 – (303) 282-8000 – View Map
Exclusive Agencies
These agents work for only one company such as Farmers Insurance, Allstate, or State Farm. Exclusive agents are unable to compare other company’s rates so you might not find the best rates. Exclusive agencies are trained well on sales techniques which helps overcome the inability to quote other rates. Some people will only use the same agent mostly because of the prominent brand name and strong financial ratings.
Listed below is a short list of exclusive insurance agents in Denver that are able to give price quotes.
- Blanca Kerschen – State Farm Insurance Agent
4840 Chambers Rd b – Denver, CO 80239 – (303) 595-9000 – View Map - Austin Domsch – State Farm Insurance Agent
400 S Colorado Blvd #890 – Denver, CO 80246 – (303) 321-0895 – View Map - Tiffany Meidinger – State Farm Insurance Agent
1100 Acoma St – Denver, CO 80204 – (720) 508-8760 – View Map
Finding the right car insurance agent needs to be determined by more than just a cheap price quote. These are some questions your agent should answer.
- Will you work with the agent or an assistant?
- Is there a 24/7 contact number?
- Does the quote include credit and driving reports?
- Will their companies depreciate repairs to your car based on the mileage?
- What is their Better Business Bureau rating?
- Do they assist clients in filing claims?
Why you need BMW vehicle insurance in Colorado
Even though it can be expensive, insurance is required by state law in Colorado and it also provides benefits you may not be aware of.
First, almost all states have minimum mandated liability insurance limits which means the state requires specific minimum amounts of liability insurance in order to be legal. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
Second, if your X6 has a lien holder, most lenders will require you to buy insurance to ensure the loan is repaid in case of a total loss. If the policy lapses, the lender may have to buy a policy to insure your BMW at a significantly higher premium and make you pay the higher premium.
Third, car insurance preserves your BMW X6 and your assets. It also can pay for many types of medical costs for not only you but also any passengers injured in an accident. Liability coverage will also pay to defend you if someone files suit against you as the result of an accident. If you receive damage to your vehicle caused by a storm or accident, collision and comprehensive (also known as other-than-collision) coverage will pay to have it repaired.
The benefits of buying car insurance definitely exceed the cost, specifically if you ever have a liability claim. According to a survey of 1,000 drivers, the average driver overpays as much as $820 a year so smart consumers compare quotes each time the policy renews to save money.
You can lower your auto insurance rates
As you shop your coverage around, do not buy poor coverage just to save money. In many instances, someone sacrificed uninsured motorist or liability limits and found out when filing a claim that saving that couple of dollars actually costed them tens of thousands. The aim is to buy a smart amount of coverage at a price you can afford, but don’t skip important coverages to save money.
We covered a lot of techniques to compare BMW X6 insurance premium rates in Denver. The key concept to understand is the more times you quote, the better your chances of lowering your prices. Consumers may even find the best premium rates are with a company that doesn’t do a lot of advertising. These smaller insurers may only write in your state and offer lower prices than the large multi-state companies such as Progressive and GEICO.
Other learning opportunities
- Auto Crash Statistics (Insurance Information Institute)
- What Car Insurance is Cheapest for a Hyundai Elantra in Denver? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Teenagers in Denver? (FAQ)
- Who Has Cheap Denver Car Insurance for Single Moms? (FAQ)
- What is Covered by an Auto Insurance Policy? (Insurance Information Institute)
- What is Covered by GAP Insurance? (Allstate)