Do you want to save money by finding more affordable BMW M6 insurance in Denver? Cutting costs on BMW M6 insurance in Denver may be a challenge for people who are new to online comparison shopping. With so many insurance agents and companies competing online, it can be a difficult situation to find more affordable premium rates on BMW M6 insurance.
A recent study showed that the vast majority of drivers have purchased from the same company for a minimum of four years, and almost 40% of drivers have never compared car insurance rates at all. Colorado insurance shoppers could save themselves roughly 35% a year just by shopping around, but most tend to underestimate the actual amount they would save if they changed companies.
Denver auto insurance discounts
Some providers don’t always advertise the complete list of policy discounts very well, so we took the time to find some of the best known as well as some of the hidden credits available to bring down your rates.
- Fewer Miles Equal More Savings – Maintaining low annual mileage could be rewarded with cheaper premium rates.
- Renewal Discounts – A few auto insurance companies allow discounts for buying a new policy before your current expiration date. This discount can save up to 10%.
- Memberships – Affiliation with qualifying clubs or civic groups is a good way to get lower rates on auto insurance.
- Air Bag Discount – Vehicles equipped with air bags may qualify for discounts up to 30%.
- Use Seat Belts – Requiring all passengers to buckle up can save 10% or more off the personal injury premium cost.
- Defensive Driver – Successfully completing a safe driver class could earn you a small percentage discount and make you a better driver.
- Waiver for an Accident – Not really a discount, but some insurance companies will forgive one accident without getting socked with a rate hike with the catch being you have to be claim-free before the accident.
- Multi-policy Discount – If you insure your home and vehicles with the same insurance company you may earn nearly 15% which can help you find cheaper M6 insurance.
Discounts reduce rates, but you should keep in mind that some of the credits will not apply to your bottom line cost. A few only apply to the price of certain insurance coverages like comprehensive or collision. So even though they make it sound like all the discounts add up to a free policy, you’re out of luck.
Larger auto insurance companies and a selection of discounts are included below.
- GEICO has savings for military active duty, multi-policy, anti-theft, air bags, five-year accident-free, defensive driver, and multi-vehicle.
- SAFECO may include discounts for bundle discounts, anti-theft, homeowner, anti-lock brakes, teen safe driver, and drive less.
- State Farm may have discounts that include driver’s education, good driver, safe vehicle, good student, Drive Safe & Save, and multiple autos.
- MetLife has discounts for multi-policy, good driver, accident-free, defensive driver, good student, and claim-free.
- 21st Century may offer discounts for anti-lock brakes, theft prevention, good student, early bird, and teen driver.
- Progressive offers discounts including homeowner, online signing, good student, continuous coverage, online quote discount, and multi-vehicle.
Before buying, ask every prospective company which discounts they offer. Savings might not be offered on policies in Denver. To see companies that offer the discounts shown above in Denver, follow this link.
All the larger auto insurance companies allow consumers to get prices for coverage direct online. Getting online rates for BMW M6 insurance in Denver is easy for anyone because it’s just a matter of typing in your coverage information into the quote form. After you complete the form, their quoting system will order your driving record and credit report and returns pricing information determined by many factors.
Quoting online for BMW M6 insurance in Denver helps simplify price comparisons, and it is imperative to have as many quotes as possible in order to find a lower rate.
To save time and find out how much you can save on auto insurance, compare rate quotes from the providers shown below. If you currently have coverage, we recommend you enter the insurance coverages as close as possible to your current policy. Doing this guarantees you will receive an apples-to-apples comparison based on similar coverages.
The providers in the list below have been selected to offer free rate quotes in Colorado. If more than one company is shown, we suggest you click on several of them to get the best price comparison.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M6 2-Dr Coupe | $380 | $876 | $304 | $18 | $92 | $1,670 | $139 |
| M6 2-Dr Convertible | $506 | $1182 | $532 | $32 | $160 | $2,412 | $201 |
| Get Your Own Custom Quote Go | |||||||
Table data represents single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Estimates do not factor in specific garaging location which can alter premiums considerably.
Deductible analysis
One common question asked by Denver drivers is which deductibles should you choose. The rates shown below may help to illustrate the premium difference when you select higher and lower comp and collision deductibles. The first rate comparisons uses a $100 deductible for comp and collision and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M6 2-Dr Coupe | $536 | $1324 | $298 | $18 | $90 | $2,291 | $191 |
| M6 2-Dr Convertible | $574 | $1228 | $440 | $26 | $132 | $2,425 | $202 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M6 2-Dr Coupe | $392 | $894 | $298 | $18 | $90 | $1,692 | $141 |
| M6 2-Dr Convertible | $420 | $830 | $440 | $26 | $132 | $1,848 | $154 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Rate quotes do not factor in specific location which can decrease or increase rates substantially.
Based on these figures, using a $100 deductible costs roughly $49 more each month or $588 for a full year than opting for the higher $500 deductible. Because you would be required to pay $400 more if you turn in a claim with a $500 deductible as compared to a $100 deductible, if you normally average at a minimum 8 months between claims, you would save more money if you choose a higher deductible.
Car insurance deductibles
The chart below highlights how deductible choice and can influence BMW M6 annual premium costs for different age categories. The rate quotes are based on a single female driver, full coverage, and no additional discounts are factored in.
Illustration showing the impact of accidents and violations
The diagram below highlights how speeding tickets and at-fault collisions impact BMW M6 insurance costs for different categories of driver ages. The premium estimates are based on a married female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are taken into consideration.
Your situation helps dictate your coverage
When buying adequate coverage for your vehicles, there isn’t really a single plan that fits everyone. Each situation is unique.
Here are some questions about coverages that might help in determining whether your personal situation would benefit from professional advice.
- Do I need motorclub coverage?
- Should I rate my vehicle as business use?
- Why do I have to buy liability insurance?
- Do I have newly-aquired coverage?
- Does low annual mileage earn a discount?
- Why are teen drivers so expensive to add on to my policy?
If you can’t answer these questions, then you may want to think about talking to an agent. If you don’t have a local agent, fill out this quick form.
Are auto insurance agents a thing of the past?
A lot of people would rather buy from a licensed agent and there is nothing wrong with that. One of the benefits of comparing rate quotes online is that you can obtain lower rates but also keep your business local. Buying from local agents is important especially in Denver.
By using this form (opens in new window), your coverage information is emailed to local insurance agents in Denver that can give you free Denver auto insurance quotes for your auto insurance coverage. You won’t need to find an agent due to the fact that quote results will go directly to you. You can find the lowest rates without requiring a lot of work. If you have a need to compare prices from a specific insurance company, just jump over to their website and fill out the quote form the provide.
Best car insurance agent in Denver
When looking for an insurance agent, it’s helpful to know the types of agencies and how they are slightly different. Agents can either be independent agents or exclusive agents.
Independent Auto Insurance Agencies
These type of agents do not sell for just one brand and that allows them to write policies with any number of different companies and find you cheaper rates. If they quote lower rates, they simply switch companies in-house without you having to go to a different agency. When comparing rates, we highly recommend that you get several quotes from a few independent agents to get the most accurate price comparison. Most can insure with companies that do not advertise much that may have much lower rates than larger companies.
Featured below is a partial list of independent insurance agents in Denver that can possibly get you free auto insurance rate quotes.
- Affordable American Insurance-Lloyd Nguyen Agency
1834 S Sheridan Blvd – Denver, CO 80232 – (303) 936-7233 – View Map - FUSA Insurance Agency
7900 E Union Ave #200 – Denver, CO 80237 – (303) 752-5806 – View Map - Insurance Town and Country
1735 E 17th Ave #3 – Denver, CO 80218 – (303) 388-7216 – View Map
Exclusive Auto Insurance Agencies
These agents work for only one company such as Allstate, Farmers Insurance, State Farm, and AAA. They generally cannot shop your coverage around so you might not find the best rates. Exclusive insurance agents are well schooled on sales techniques and that enables them to sell even at higher rates. Consumers sometimes buy insurance from these agents mainly due to high brand loyalty and solid financial strength.
The following is a list of exclusive agencies in Denver willing to provide price quotes.
- Allstate Insurance: Eddie W. Pacheco
6200 E Yale Ave – Denver, CO 80222 – (303) 788-0777 – View Map - Farmers Insurance – Mike Schmisek
1100 S Shoshone St – Denver, CO 80223 – (303) 922-1001 – View Map - Hiram Licea – State Farm Insurance Agent
3600 Morrison Rd – Denver, CO 80219 – (303) 935-7475 – View Map
Finding the right auto insurance agent is decision based upon more than just the quoted price. A good agent in Denver will have answers to these questions.
- How long has their agency been open in Denver?
- Does the agency have a current Errors and Omissions policy?
- Did they already check your driving record and credit reports?
- Are aftermarket or OEM parts used to repair vehicles?
- What are their preferred companies if they are an independent agency?
- Where would glass claims be handled in Denver?
- Are they able to influence company decisions when a claim is filed?
If you get good feedback to all your questions and a low price estimate, you may have found an auto insurance agent that is professional and can service your policy. Just keep in mind it’s your policy and you can cancel coverage when you choose so don’t assume you are locked into any particular company for a certain time period.
Car insurance coverage information
Knowing the specifics of your car insurance policy helps when choosing the best coverages and the correct deductibles and limits. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.
Coverage for liability
Liability coverage will cover damage or injury you incur to other’s property or people in an accident. Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have values of 25/50/15 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a total limit of $15,000 for damage to vehicles and property. Another option is one limit called combined single limit (CSL) which provides one coverage limit without having the split limit caps.
Liability coverage pays for things such as pain and suffering, funeral expenses, medical expenses, bail bonds and legal defense fees. How much liability should you purchase? That is your choice, but you should buy as large an amount as possible. Colorado requires minimum liability limits of 25/50/15 but you should think about purchasing better liability coverage.
Coverage for uninsured or underinsured drivers
This coverage protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your BMW M6.
Due to the fact that many Colorado drivers have only the minimum liability required by law (25/50/15), it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.
Comprehensive car insurance
This coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things like damage from getting keyed, hitting a deer, a broken windshield and a tree branch falling on your vehicle. The maximum amount 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 not worth carrying full coverage.
Collision protection
Collision insurance will pay to fix damage to your M6 from colliding with an object or car. You have to pay a deductible and the rest of the damage will be paid by collision coverage.
Collision coverage protects against claims like backing into a parked car, driving through your garage door, sideswiping another vehicle and hitting a mailbox. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Another option is to raise the deductible on your M6 in order to get cheaper collision rates.
Coverage for medical expenses
Personal Injury Protection (PIP) and medical payments coverage provide coverage for short-term medical expenses such as doctor visits, chiropractic care, surgery, EMT expenses and X-ray expenses. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants and also covers being hit by a car walking across the street. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
Persistent drivers can save
While you’re price shopping online, do not buy less coverage just to save a little money. In too many instances, someone sacrificed full coverage and discovered at claim time that they should have had better coverage. Your strategy should be to purchase plenty of coverage at the best cost, not the least amount of coverage.
We just showed you many ways to compare BMW M6 insurance rates in Denver. The key concept to understand is the more times you quote, the higher your chance of finding affordable Denver auto insurance quotes. You may even discover the best price on auto insurance is with a lesser-known regional company.
People who switch companies do it for a variety of reasons including poor customer service, delays in responding to claim requests, being labeled a high risk driver and even high rates after DUI convictions. It doesn’t matter what your reason, choosing a new company is pretty easy and you might even save some money in the process.
For more information, feel free to visit these articles:
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- Who Has the Cheapest Car Insurance for Uninsured Drivers in Denver? (FAQ)
- How Much is Auto Insurance for Uber Drivers in Denver? (FAQ)
- How Much Auto Coverage do I Need? (Insurance Information Institute)
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- Five Tips to Save on Auto Insurance (Insurance Information Institute)