Auto Insurance Rate Quotes for a BMW M6 in Phoenix

Do you want to learn to get more affordable insurance rates in Phoenix, AZ? Phoenix shoppers have options when shopping for low-cost BMW M6 insurance. They can either waste time struggling with agents to get rate comparisons or leverage the internet to find the lowest rates. There is a right way and a wrong way to shop for insurance and we’ll show you the best way to compare rates for your BMW and get the best price possible.

Remarkably, a study showed that nearly 70% of Arizona drivers kept their policy with the same company for a minimum of four years, and virtually 40% of consumers have never shopped around. Most drivers in the U.S. could save themselves about $859 a year just by getting comparison quotes, but they mistakenly think it’s difficult to go online and compare rates.

It’s a great practice to compare prices once or twice a year because insurance rates change regularly. Even if you got the lowest rate on BMW M6 insurance in Phoenix six months ago there is a good chance you can find better prices now. Forget all the misinformation about insurance because you’re about to learn the best way to find the best coverage while lowering your premiums.

If you have a current car insurance policy or just want cheaper rates, use these tips to find better prices and still have adequate protection. The intent of this article is to teach you a little about how to effectively get price quotes and also pocket some savings Vehicle owners only need to know the best way to quote multiple rates online.

Best companies for BMW M6 insurance

The following companies provide free rate quotes in Phoenix, AZ. If multiple providers are shown, we recommend you compare several of them in order to find the most competitive rates.

Cost estimates assume single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Arizona minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, homeowner, and safe-driver. Rates do not factor in vehicle garaging location which can lower or raise premiums noticeably.

Higher deductibles lower rates

The hardest decision when buying coverage is how high should the physical damage deductibles be. The rates below determine the premium difference when you buy lower versus higher policy deductibles. The first rate table uses a $250 physical damage coverage deductible and the second pricing table uses a $500 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Arizona minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Premium costs do not factor in your specific Phoenix location which can affect premium rates greatly.

Based on the data above, we can derive that using a $250 deductible will cost you about $23 more each month or $276 each year than selecting the higher $500 deductible. Due to the fact that you would have to pay $250 more if you turn in a claim with a $500 deductible as compared to a $250 deductible, if you normally go at least 11 months between claim filings, you would probably be better off if you choose the higher deductible.

Where to set your deductibles

The example below demonstrates how deductible levels and can affect BMW M6 insurance costs for each different age category. The premiums are based on a single female driver, full coverage, and no discounts are applied to the premium.

These discounts can cut BMW M6 insurance rates

Companies that sell car insurance don’t list all discounts very well, so the next list breaks down both well-publicized as well as the least known credits available to lower your premiums when you buy Phoenix car insurance online. If you don’t get every credit you deserve, you could be getting lower rates.

• Own a Home and Save – Owning a house in Phoenix may trigger a policy discount on auto insurance because maintaining a house demonstrates responsibility.
• Seat Belts Save more than Lives – Requiring all passengers to fasten their seat belts can save 10% or more off the medical payments premium.
• Multiple Cars – Purchasing coverage when you have multiple cars with the same company can get a discount on all vehicles.
• Government Employee Discount – Active or former government employment can save as much as 8% with some auto insurance companies.
• Waiver for an Accident – Not necessarily a discount, but companies like Liberty Mutual, Allstate and State Farm allow you one accident without raising rates if you have no claims for a certain period of time.
• Driver’s Ed – Make teen driver coverage more affordable by requiring them to enroll in driver’s education if offered at their school.
• Sign Online – Many insurance companies give back up to $50 for buying your policy on the internet.
• Discount for Swiching Early – Some companies give discounts for buying a policy prior to the expiration date on your current M6 insurance policy. You can save around 10% with this discount.
• Lower Rates for Military – Having a family member in the military could be rewarded with lower premium rates.

As a footnote on discounts, most discounts do not apply to the entire policy premium. Some only reduce specific coverage prices like comp or med pay. So even though it sounds like adding up those discounts means a free policy, it just doesn’t work that way. But any discount will help lower the premium cost.

A few popular companies and their offered discounts are:

• Progressive offers premium reductions for multi-policy, online quote discount, good student, online signing, continuous coverage, homeowner, and multi-vehicle.
• The Hartford discounts include vehicle fuel type, defensive driver, good student, driver training, and air bag.
• Mercury Insurance offers discounts including annual mileage, accident-free, good student, type of vehicle, multi-policy, and professional/association.
• GEICO offers discounts for multi-policy, air bags, multi-vehicle, five-year accident-free, and anti-lock brakes.
• AAA may offer discounts for good student, good driver, multi-car, pay-in-full, anti-theft, AAA membership discount, and multi-policy.
• State Farm policyholders can earn discounts including multiple autos, accident-free, defensive driving training, student away at school, safe vehicle, good driver, and Drive Safe & Save.

Before you buy a policy, ask every company which discounts you may be entitled to. Some credits may not be available in every state. If you would like to choose from a list of companies that offer many of these discounts in Phoenix, follow this link.

BMW M6 Insurance Premium Factors

Lots of things are part of the calculation when premium rates are determined. Some are pretty understandable such as traffic violations, although others are less apparent like where you live or your commute time.

• Extra policy coverages you don’t need – Insurance policies have a lot of add-on coverages that may not really be needed if you don’t pay attention. Insurance for things like rental car reimbursement, towing coverage, and extra equipment coverage may be wasting your money. They may seem like a good idea when talking to your agent, but your needs may have changed so consider taking them off your policy.
• Big cities mean more claims – Residing in small towns and rural areas is a positive aspect when talking about car insurance. Drivers who live in large cities regularly have more auto accidents and a longer drive to work. Fewer drivers on the road translates into fewer accidents and a lower car theft rate.
• Do you have enough liability coverage? – Your policy’s liability coverage is the coverage that protects you when a court rules you are at fault for physical damage or personal injury to other. It provides for a legal defense up to the limits shown on your policy. Carrying liability coverage is mandatory and cheap as compared to coverage for physical damage, so drivers should buy more than the minimum limits required by law.
• Safer cars cost less to insure – Safer cars get lower rates. Safe vehicles help reduce the chance of injuries in an accident and better occupant protection translates into savings for insurance companies and lower rates for you.
• Employer reflects on premiums – Careers such as lawyers, architects and emergency personnel are shown to have higher average rates attributed to job stress and lots of time spent at work. On the other hand, careers like scientists, historians and homemakers pay lower than average rates.
• Are you male or female? – Over the last 50 years, statistics have shown that females take fewer risks when driving. Now that doesn’t mean males are worse at driving than females. Men and women have fender benders at a similar rate, but the males get into accidents with more damage. Men also statistically get more serious tickets such as driving while intoxicated (DWI) or driving recklessly. Youthful male drivers are most likely to cause an accident and therefore are the most expensive to insure.
• BMW M6 claim statistics – Insurers study historical loss data to help set a rate to offset losses. Models that are shown to have higher prevalence or dollar amount of losses will have higher premium rates. The information below illustrates the collected loss data for BMW M6 vehicles.

  For each insurance policy coverage type, the loss probability for all vehicles combined as an average is a value of 100. Percentage values below 100 suggest a better than average loss history, while values over 100 indicate more frequent claims or a tendency for claims to be larger.

  BMW M6 Insurance Claim Statistics

  Specific BMW Model	Collision	Property Damage	Comp	Personal Injury	Medical Payment	Bodily Injury
  BMW M6 2dr	387		339
  BMW M6 4dr	288		439
  BMW M6 Convertible	349		512

  BETTER

  AVERAGE

  WORSE

  Empty fields indicate not enough data collected
  Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years

Insurance agencies are trained to help

Some people would prefer to sit down and talk to an agent and doing so can bring peace of mind Agents can help you choose the best coverages and help in the event of a claim. The biggest benefit of getting online price quotes is that drivers can save money and get the best rates but still work with a licensed agent.

By using this simple form, your coverage information is transmitted to participating agents in Phoenix who will give you bids for your insurance coverage. It simplifies rate comparisons since you won’t have to contact any agents since price quotes are sent to you. If you want to compare prices from a specific company, don’t hesitate to navigate to their website and complete a quote there.

Choosing the best insurance company should depend on more than just the quoted price. These are valid questions to ask:

• How experienced are they in personal risk management?
• Are they properly licensed to sell insurance in Arizona?
• What insurance companies do they work with in Phoenix?
• Will the company cover a rental car if your car is getting fixed?
• Will they take your side in the event of a claim?
• Does the agency provide any after hours assistance?

When finding a reliable insurance agent, it’s helpful to know the types of insurance agents and how they can quote your rates. Agents are either exclusive agents or independent agents. Either can properly insure your vehicles, but it’s worth learning the subtle differences because it can impact the type of agent you choose.

Exclusive Insurance Agencies

Agents in the exclusive channel work for only one company and examples are State Farm, AAA, and Liberty Mutual. They generally cannot provide prices from multiple companies so they are skilled at selling on more than just price. They are usually well trained in insurance sales and that enables them to sell even at higher rates. A lot of people use the same exclusive agent partially due to loyalty to the company rather than having low rates.

Below is a list of exclusive agents in Phoenix who may provide you with price quotes.

• Martha Bueti – State Farm Insurance Agent
  3540 E Baseline Rd #115 – Phoenix, AZ 85042 – (602) 243-9209 – View Map
• GEICO Insurance Agent
  9515 W Camelback Rd #134 – Phoenix, AZ 85037 – (602) 234-3426 – View Map
• Nichole Schaffer – State Farm Insurance Agent
  2612 N 7th St – Phoenix, AZ 85006 – (602) 439-7000 – View Map

View more Phoenix agents

Independent Agents

Agents of this type are not employed by any specific company so they have the ability to put coverage with a variety of different insurance companies and find you the best rates. If you want to switch companies, your agent can switch companies and you don’t have to switch agencies.

If you are comparing rate quotes, we highly recommend that you include rate quotes from at least one independent agent for the best price selection. Many can place coverage with mutual insurance companies that can offer cheaper rates than bigger companies.

Listed below is a list of independent agents in Phoenix that are able to give price quote information.

• Travelers Insurance
  22601 N 19th Ave #216 – Phoenix, AZ 85027 – (623) 572-0032 – View Map
• Best Buy Insurance
  3917 S Central Ave – Phoenix, AZ 85040 – (602) 268-2548 – View Map
• MiniCo Insurance Agency, LLC
  10851 N Black Canyon Hwy #200 – Phoenix, AZ 85029 – (800) 528-1056 – View Map

View more Phoenix agents

After you get positive feedback to these questions as well as a price you’re happy with, you have narrowed it down to a car insurance agent that is professional and can provide insurance coverage.

Insurance advertising tricks

Consumers in Arizona constantly see and hear ads that promise big savings for switching by companies like State Farm and Allstate. They all seem to make the point about saving some big amount if you change your coverage to them.

But how can every company lower your prices?

All companies quote their best rates for a prospective insured that will not have excessive claims. For example, a preferred risk could be over the age of 50, carries full coverage, and drives less than 7,500 miles a year. A customer that fits those parameters may get the lowest auto insurance rates in Phoenix and as a result will probably save quite a bit of money when switching.

People who don’t meet the ideal profile will have to pay higher premiums which results in business going elsewhere. Company advertisements say “customers who switch” not “all people who quote” save money. This is how companies can make claims that they all have the best premium rates. This really drives home the point why it is so important to compare many company’s premium rates. It is impossible to predict which company will have the lowest rate quotes.

One last thing about your coverage

In this article, we covered some good ideas how you can find cheaper BMW M6 insurance in Phoenix. The key concept to understand is the more price quotes you have, the better your chances of lowering your premium rates. You may even find the biggest savings come from the least-expected company.

More affordable auto insurance in Phoenix is attainable on the web and also from your neighborhood Phoenix agents, and you need to comparison shop both to have the best chance of lowering rates. Some insurance companies may not have rates over the internet and many times these smaller providers prefer to sell through independent agencies.

When getting Phoenix car insurance quotes online, do not reduce needed coverages to save money. There have been many cases where an insured cut collision coverage to discover at claim time they didn’t purchase enough coverage. Your strategy should be to purchase a proper amount of coverage at a price you can afford, but do not skimp to save money.

Additional information can be found below:

• New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
• What Car Insurance is Cheapest in Phoenix, Arizona? (FAQ)
• Who Has the Cheapest Auto Insurance Quotes for High Risk Drivers in Phoenix? (FAQ)
• Who Has Affordable Phoenix Auto Insurance for State Employees? (FAQ)
• Who Has the Cheapest Car Insurance Rates for Good Drivers in Phoenix? (FAQ)
• Who Has Affordable Phoenix Auto Insurance for Lyft Drivers? (FAQ)
• Who Has Affordable Auto Insurance for a Jeep Wrangler in Phoenix? (FAQ)
• Understanding Your Insurance Deductible (Insurance Information Institute)
• Protect Yourself Against Auto Theft (Insurance Information Institute)