A recent NerdWallet.com study revealed that the majority of drivers renewed their policy with the same company for well over three years, and nearly the majority have never even shopped around for lower-cost coverage. The average driver in the U.S. could save an average of up to $850 each year by just shopping around, but they don’t know the big savings they would realize if they swap their current policy for a cheaper one.
Really, the only way to get affordable BMW M6 insurance in Sacramento is to compare quotes once a year from different companies that sell auto insurance in California.
- Step 1: Learn about how insurance companies determine prices and the factors you can control to prevent rate increases. Many policy risk factors that result in higher prices like speeding tickets, careless driving and an unfavorable credit rating can be eliminated by making lifestyle changes or driving safer. This article gives more ideas to get cheaper coverage and find additional discounts.
- Step 2: Request price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only provide price estimates from one company like Progressive and State Farm, while independent agents can provide prices from multiple insurance companies. Begin your rate comparison
- Step 3: Compare the quotes to your existing rates and determine if there is any savings. If you can save money and change companies, ensure there is no coverage lapse between policies.
One thing to point out is to try to use similar coverage information on every quote and and to get price estimates from as many companies as feasibly possible. Doing this ensures a fair price comparison and maximum price selection.
Get lower-cost rates on BMW M6 insurance in Sacramento with these auto insurance discounts
Buying auto insurance is not cheap, but you might already qualify for some discounts that you may not even be aware of. A few discounts will automatically apply at the time you complete a quote, but some may not be applied and must be specially asked for before you get the savings. If you aren’t receiving every discount you qualify for, you’re paying more than you need to.
- Multiple Policy Discount – If you have multiple policies with one company you will save up to 20% and get you the cheapest BMW M6 insurance in Sacramento.
- E-sign – A few larger online companies will give you a small discount get Sacramento car insurance on the web.
- Sacramento Homeowners Discount – Owning your own home or condo can save you money because it means you have a higher level of financial diligence.
- Seat Belt Discounts – Drivers who always wear seat belts and also require passengers to wear their seat belts may be able to save a few bucks off the personal injury premium cost.
- Discounts for Federal Employees – Employees or retirees of the government can save as much as 8% with certain companies.
- Resident Student – Youth drivers living away from Sacramento attending college and leave their car at home may be able to be covered for less.
You can save money using discounts, but many deductions do not apply to the entire policy premium. Some only reduce individual premiums such as comp or med pay. So when it seems like all the discounts add up to a free policy, it doesn’t quite work that way. But all discounts should help lower the cost of your policy.
The example below shows the difference between BMW M6 yearly insurance costs with and without policy discounts. The data assumes a female driver, a clean driving record, no claims, California state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, multi-policy, homeowner, claim-free, multi-car, and safe-driver discounts applied.
Large auto insurance companies and some of the premium reductions they offer can be read below.
- GEICO includes discounts for good student, anti-theft, defensive driver, multi-policy, five-year accident-free, military active duty, and seat belt use.
- Travelers policyholders can earn discounts including multi-car, good student, home ownership, student away at school, continuous insurance, early quote, and hybrid/electric vehicle.
- Nationwide offers discounts for anti-theft, defensive driving, easy pay, good student, and business or organization.
- Farmers Insurance may offer discounts for bundle discounts, multi-car, homeowner, business and professional, and teen driver.
- Esurance discounts include paid-in-full, emergency road assistance, safety device, homeowner, online quote, good student, and Pac-12 alumni.
- State Farm has savings for passive restraint, student away at school, multiple autos, anti-theft, accident-free, Steer Clear safe driver discount, and safe vehicle.
- Progressive has discounts for online quote discount, multi-policy, continuous coverage, online signing, homeowner, and good student.
- Mercury Insurance may have discounts that include good driver, age of vehicle, multi-policy, anti-theft, annual mileage, and accident-free.
When comparing rates, check with each company or agent which discounts can lower your rates. Some discounts may not be available in Sacramento. To choose companies that offer discounts in Sacramento, click here.
Lowering your car insurance rates is not rocket science. All you need to do is spend a few minutes getting comparison quotes provided by online insurance companies.
The car insurance companies shown below can provide price comparisons in Sacramento, CA. To get cheap auto insurance in Sacramento, we recommend you compare several of them to find the most affordable car insurance rates.
Insurance coverage analysis
The coverage table shown below covers estimates of insurance costs for BMW M6 models. Knowing how insurance premiums are calculated can benefit drivers when making decisions when choosing a new policy provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M6 2-Dr Coupe | $362 | $860 | $384 | $22 | $114 | $1,742 | $145 |
| M6 2-Dr Convertible | $388 | $798 | $564 | $34 | $168 | $1,952 | $163 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and California minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Table data does not factor in vehicle garaging location which can alter rates considerably.
Where to set your deductibles
When buying car insurance, a common question is which deductible level should you buy. The following tables can help illustrate the differences in premium rates when you select higher and lower insurance deductibles. The first rate quote example uses a $100 deductible for physical damage and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M6 2-Dr Coupe | $674 | $1666 | $376 | $22 | $112 | $2,875 | $240 |
| M6 2-Dr Convertible | $722 | $1544 | $552 | $32 | $166 | $3,041 | $253 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| M6 2-Dr Coupe | $492 | $1126 | $376 | $22 | $112 | $2,128 | $177 |
| M6 2-Dr Convertible | $528 | $1042 | $552 | $32 | $166 | $2,320 | $193 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and California minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Premium amounts do not factor in Sacramento location which can modify coverage prices significantly.
Based on these figures, using a $100 deductible would cost the average driver about $62 more each month or $744 for a full year across all BMW M6 models than buying the higher $500 deductible. Since the policyholder would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you usually have at a minimum 6 months between claim filings, you would most likely save money if you opt for a higher deductible.
Drive responsibly or pay higher rates
The information below shows how violations and at-fault accidents can impact BMW M6 insurance rates for different age groups. The prices are based on a single female driver, comprehensive and collision coverage, $100 deductibles, and no other discounts are factored in.
Seven factors that impact insurance costs
Many things are used in the calculation when quoting car insurance. Most are fairly basic like a motor vehicle report, but other factors are not as apparent such as whether you are married and annual miles driven.
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Teenage drivers cost more – Drivers with little experience have been known to be inattentive and easily distracted when behind the wheel and because of this, their auto insurance rates are much higher. Parents adding a young driver onto a policy can cause a big jump in price. Older people are proven to be safer behind the wheel, statistically cause fewer accidents, and tend to be get fewer driving tickets.
The following chart is based on a single driver, full coverage with $1000 deductibles, and no discounts or violations.
- Being married pays dividends – Walking down the aisle may cut your premiums on auto insurance. Marriage translates into being more stable financially and statistics show drivers who are married are more cautious.
- High policy claims frequency drives up prices – If you tend to file frequent claims, you can expect increased rates or even have your policy non-renewed. Auto insurance companies in California give cheaper rates to people who only file infrequent claims. Your car insurance is meant to be used in the event of claims that pose a financial burden.
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Battle of the sexes – Over the last 50 years, statistics have shown that females tend to be a little less risky than males. This data doesn’t prove that men are worse drivers. Both sexes cause accidents at a similar rate, but males tend to have higher claims. Not only are claims higher, but men get ticketed for serious violations like DUI and reckless driving. Males from age 16 to 21 are most likely to cause an accident so it costs more to insure them.
The chart below illustrates the comparison of BMW M6 annual premium costs for male and female drivers. The rate quotes are based on no claims or violations, comp and collision included, $100 deductibles, single marital status, and no policy discounts are applied.
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Is your car built for speed? – The performance level of the vehicle you drive makes a substantial difference in how high your rates are. The cheapest insurance rates are usually found on lower performance four cylinder passenger cars, but that’s not the only thing that factors into the final price.
The data below uses these assumptions: married female driver age 20, full coverage with $250 deductibles, and no discounts or violations. The data compares BMW M6 rates compared to other models that have a range of performances.
- If you don’t need it don’t buy it – There are many additional coverages that can add up on your auto insurance policy. Coverages like replacement cost coverage, accident forgiveness, and membership fees could be just wasting money. You may think they are a good idea initially, but if you have no use for them eliminate them to save money.
- Combine policies and save – The majority of companies will give a discount for people who buy several policies from them such as combining an auto and homeowners policy. Discounts can amount to 10 percent or more. Even if you’re getting this discount it’s still a good idea to shop around to guarantee you are still saving the most. It’s possible to still save even more by insuring with multiple companies.
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BMW M6 insurance loss data – Insurers factor in insurance loss information to calculate a rate that will offset any claims. Models that historically have increased claim numbers or amounts will have a higher premium rate.
The next table shows the insurance loss data for BMW M6 vehicles. For each policy coverage, the claim amount for all vehicles, as an average, equals 100. Values under 100 imply a favorable loss record, while numbers above 100 show a trend for more claims or an increased chance of a larger loss.
Insurance Loss Ratings for BMW M6 Vehicles Make and 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 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
How do I know if I need professional advice?
Keep in mind that when it comes to choosing your policy for your personal vehicles, there isn’t really a “best” method to buy coverage. Everyone’s situation is a little different so this has to be addressed. For instance, these questions might help in determining if you could use an agent’s help.
- What does roadside assistance cover?
- Is my ex-spouse still covered by my policy?
- Do I need more liability coverage?
- Does my policy cover me if I wreck while driving under the influence?
- Do I need replacement cost coverage?
- Does my policy pay for OEM or aftermarket parts?
- What is glass protection for?
- What should my uninsured motorist coverage limits be in California?
- What is motorclub and do I need it?
- When should I remove my kid from my policy?
If you don’t know the answers to these questions, you might consider talking to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It is quick, free and you can get the answers you need.
What if I want to buy from local Sacramento car insurance agents?
Many drivers prefer to visit with an insurance agent and that is recommended in a lot of cases Professional insurance agents are trained risk managers and help in the event of a claim. One of the benefits of getting online price quotes is the fact that you can find cheap auto insurance rates and still choose a local agent. Buying insurance from neighborhood agents is important particularly in Sacramento.
To make it easy to find an agent, after completing this short form, the quote information is submitted to companies in Sacramento who want to provide quotes to get your business. You won’t even need to contact any insurance agencies since price quotes are sent to you directly. If for some reason you want to get a comparison quote from a particular provider, you just need to visit that company’s website to submit a rate quote request.
Types of auto insurance agents
If you are wanting to purchase auto insurance from a reliable insurance agency, there are two different agency structures to choose from. Agencies in Sacramento can either be independent agents or exclusive agents. Either one can write auto insurance policies, but it’s worth mentioning the subtle differences because it may have an impact on buying decisions.
Independent Agencies or Brokers
Agents that elect to be independent do not write with just one company and that is an advantage because they can write policies through many companies and get the cheapest rates. To move your coverage to a new company, your agent can just switch to a different company and you don’t have to switch agencies. If you need cheaper auto insurance rates, you absolutely need to check rates from multiple independent agents for the best price selection. Most also have access to companies you’ve never heard of that may have much lower rates than larger companies.
Below is a partial list of independent agents in Sacramento that may be able to give price quote information.
- Skyles Insurance Agency
9840 Business Park Dr – Sacramento, CA 95827 – (888) 900-9989 – View Map - Bates Insurance Agency | Auto Insurance and Homeowners Insurance and Car Insurance
2306 J St – Sacramento, CA 95816 – (916) 251-3548 – View Map - Peter S Schiro Ins Agcy Inc
1515 30th St #200 – Sacramento, CA 95816 – (916) 444-9787 – View Map
Exclusive Auto Insurance Agencies
Exclusive agencies have only one company to place business with such as Allstate, Farmers Insurance, State Farm, and AAA. They are unable to provide rate quotes from other companies so you need to shop around if the rates are high. They are well schooled in insurance sales and that enables them to sell even at higher rates. Drivers often buy from exclusive agents mostly because of the brand instead of buying on price only.
Listed below are Sacramento exclusive insurance agencies that can give you rate quotes.
- GEICO: Vincent Harris
5211 Madison Ave – Sacramento, CA 95841 – (916) 923-5050 – View Map - Trevor Fong – State Farm Insurance Agent
7485 Rush River Dr #715 – Sacramento, CA 95831 – (916) 392-1240 – View Map - Farmers Insurance: Brewer Insurance Agency
6700 Freeport Blvd #101 – Sacramento, CA 95822 – (916) 424-4357 – View Map
Finding the right insurance agency requires you to look at more than just the quoted price. Any agent in Sacramento should have no problem answering these questions:
- Will they make sure you get an adequate claim settlement?
- Does the agency have a current Errors and Omissions policy?
- Is their price quote a firm figure or are their hidden costs?
- Who are their largest clients?
- Will the agent or a CSR service your policy?
- Does the agency have a positive business rating?
- Can glass claims be handled at your home?
Insuring your BMW M6 just makes sense
Even though it can be expensive, buying auto insurance serves an important purpose.
- Just about all states have mandatory liability insurance requirements which means state laws require a minimum amount of liability coverage if you don’t want to risk a ticket. In California these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a loan on your BMW M6, it’s guaranteed your bank will require you to have comprehensive coverage to ensure they get paid if you total the vehicle. If you do not keep the policy in force, the bank will be required to insure your BMW at a more expensive rate and force you to pay a much higher amount than you were paying before.
- Insurance protects both your assets and your vehicle. It will also pay for hospital and medical expenses that are the result of an accident. Liability insurance also covers legal expenses if anyone sues you for causing an accident. If you have damage to your BMW as the result of the weather or an accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage.
The benefits of insuring your M6 are definitely more than the cost, specifically if you ever have a liability claim. Despite what companies tell you, the average driver is overpaying more than $855 a year so we recommend shopping around every year to ensure rates are inline.
Cheaper rates are available
Affordable BMW M6 insurance in Sacramento can be purchased from both online companies and with local Sacramento insurance agents, and you should be comparing both so you have a total pricing picture. Some insurance providers don’t offer the ability to get a quote online and many times these regional carriers provide coverage only through local independent agents.
As you restructure your insurance plan, don’t be tempted to buy lower coverage limits just to save a few bucks. There have been many situations where consumers will sacrifice full coverage only to discover later that saving that couple of dollars actually costed them tens of thousands. Your goal should be to find the BEST coverage at a price you can afford while not skimping on critical coverages.
In this article, we covered a lot of techniques to reduce BMW M6 insurance prices online in Sacramento. It’s most important to understand that the more providers you compare, the better your chances of lowering your rates. You may even discover the most savings is with the least-expected company. Regional companies often have lower rates on specific markets than the large multi-state companies such as Allstate and Progressive.
Even more information is located by following these links:
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)
- What Auto Insurance is Cheapest for Drivers with Bad Credit in Sacramento? (FAQ)
- Who Has the Cheapest Auto Insurance Rates for a Nissan Altima in Sacramento? (FAQ)
- What Insurance is Cheapest with Multiple Speeding Tickets in Sacramento? (FAQ)
- Who Has Affordable Car Insurance Quotes for a Subaru Outback in Sacramento? (FAQ)
- How Much is Sacramento Car Insurance for a Honda Civic? (FAQ)
- Shopping for a Safe Car (Insurance Information Institute)
- Tools for Teen Driving Safety (State Farm)
- Reducing Your Risks in a Car Crash Video (iihs.org)
- Property Damage Coverage (Liberty Mutual)