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2008 BMW M6 Insurance Rates

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Jeffrey Johnson graduated summa cum laude from the University of Baltimore School of Law and has worked in legal offices and nonprofits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman University and worked in film, education, and publishing. His professional writing has appeared on sites like The Manifest and Vice, and he is the author of a novel ...

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UPDATED: Apr 10, 2020

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Average insurance rates for a 2008 BMW M6 are $1,510 a year for full coverage insurance. Comprehensive costs an estimated $300, collision insurance costs $496, and liability insurance costs around $534. Buying a liability-only policy costs as low as $588 a year, and high-risk insurance costs around $3,266. Teen drivers receive the highest rates at up to $5,766 a year.

Annual premium for full coverage: $1,510

Rate estimates for 2008 BMW M6 Insurance

Comprehensive $300
Collision $496
Liability $534

Rate data is compiled from all 50 U.S. states and averaged for all 2008 BMW M6 models. Rates are based on a 40-year-old male driver, $500 comprehensive and collision deductibles, and a clean driving record. Remaining premium consists of UM/UIM coverage, Medical/PIP, and policy fees.

Price Range by Coverage and Risk

For a driver in their 40's, prices range range from as low as $588 for only liability insurance to the much higher price of $3,266 for a driver who has had serious violations or accidents.

Liability Only $588
Full Coverage $1,510
High Risk $3,266

View Chart as Image

2008 BMW M6 insurance rates compared
Column chart showing 2008 BMW M6 insurance prices range from $880 to $5,766 for full coverage

These differences illustrate why everyone should compare prices for a targeted area and risk profile, rather than relying on price averages.

Use the form below to get rates for your location.

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

Recommended Companies for Cheap 2008 BMW M6 Insurance

Searching Companies

Are you a victim of an underperforming, overpriced auto insurance policy? Believe me, there are many people just like you.

With consumers having so many companies and agents to choose from, it can be hard to choose the best car insurance company.

It is always a good idea to compare prices every six months since insurance rates fluctuate regularly. Just because you found the best deal for M6 coverage two years ago you can probably find a lower rate today. So ignore everything you know about auto insurance because you’re going to learn the fastest and easiest way to properly buy coverages and cut your premium.

Shopping for cheaper coverage can be fairly easy. Essentially everyone who is required by state law to have insurance will be able to find lower rates. But car owners must learn how insurance companies price online insurance because it can help you find the best coverage.

Parts of the BMW M6 rate equation

It’s important that you understand the factors that help determine car insurance rates. Knowing what controls the rates you pay allows you to make educated decisions that will entitle you to big savings.

  • Extra add-on coverages are wasting money – There are many additional coverages that you can buy when buying car insurance. Insurance for personal injury protection, towing coverage and additional equipment coverage are examples of these. They may seem good when talking to your agent, but now you might not need them so eliminate the coverages to reduce your premium.
  • Increase deductibles and save – Physical damage coverage, termed comprehensive and collision coverage on your policy, is used to repair damage to your BMW. Some instances where coverage would apply would be running into the backend of another car, damage from fire, and rolling your vehicle. Physical damage deductibles are how much you are willing to pay out-of-pocket in the event of a claim. The more you are required to pay out-of-pocket, the less your company will charge you for insurance for M6 coverage.
  • With age comes lower rates – Young drivers are statistically proven to be careless and easily distracted in a vehicle so car insurance rates are higher. Mature drivers are more cautious drivers, statistically cause fewer accidents and tend to be better behind the wheel.
  • Pleasure use saves money – The more you drive every year the more you’ll pay to insure your vehicle. Most companies apply a rate based on how the vehicle is used. Vehicles that are left in the garage receive lower rates compared to those used for work or business. Verify your car insurance policy is rated on the correct driver usage, because improper ratings can cost you money. Incorrect usage on your M6 can result in significantly higher rates.
  • Safer occupants lowers premiums – Vehicles with good safety scores are cheaper to insure. Safe vehicles reduce injuries and lower injury rates means less money paid by your insurance company and more competitive rates for policyholders. If your BMW M6 is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
  • Where you live is a factor – Choosing to live in small towns and rural areas can be a good thing when it comes to car insurance. Fewer people means fewer accidents and also fewer theft and vandalism claims. Drivers in populated areas have to deal with much more traffic to deal with and a longer drive to work. More time on the road means higher likelihood of an accident.

These discounts can slash auto insurance rates

The price of auto insurance can be rather high, but companies offer discounts that many people don’t even know exist. Some trigger automatically at quote time, but a few need to be asked about in order for you to get them.

  • Memberships – Being a member of a civic or occupational organization may earn a discount when shopping for auto insurance for M6 coverage.
  • Braking Control Discount – Cars that have steering control and anti-lock brakes prevent accidents and qualify for as much as a 10% discount.
  • Pay Upfront and Save – If you pay your entire premium ahead of time instead of making monthly payments you could save 5% or more.
  • Defensive Driving Course – Taking a defensive driving course could possibly earn you a 5% discount if your company offers it.
  • No Claims – Drivers with accident-free driving histories can earn big discounts when compared with drivers who are more careless.
  • Federal Employees – Employees or retirees of the government could cut as much as 10% off for M6 coverage depending on your company.
  • Anti-theft Discount – Vehicles equipped with anti-theft or alarm systems are stolen less frequently and qualify for as much as a 10% discount.
  • Safe Driver Discount – Insureds without accidents may save up to 50% more for M6 coverage than their less cautious counterparts.
  • Multiple Policy Discount – If you have multiple policies with the same insurance company you may earn at least 10% off all policies.

It’s important to note that most credits do not apply to the entire cost. Most only cut the cost of specific coverages such as liability, collision or medical payments. Even though it may seem like all the discounts add up to a free policy, it just doesn’t work that way. Any qualifying discounts will help reduce the amount you have to pay.

Car insurance companies that possibly offer some of the above discounts include:

It’s a good idea to ask all companies you are considering what discounts are available to you. Discounts may not be available in your area.

Are auto insurance companies telling the truth?

Auto insurance providers like State Farm and Allstate consistently run television and radio advertisements. They all make the same claim of big savings if you change to them. But how can every company make the same claim?

Different companies can use profiling for the type of customer that makes them money. For instance, a profitable customer could be between the ages of 30 and 50, is a homeowner, and drives newer vehicles. A customer who fits that profile gets the lowest rates and is almost guaranteed to save when switching.

Potential customers who are not a match for these standards will be quoted more money and this can result in business not being written. Company advertisements say “people who switch” not “everybody who quotes” save money. This is how companies can claim big savings.

This emphasizes why it is so important to get as many quotes as possible. Because you never know which company will fit your personal profile best.

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Enter your zip code below to view companies that have cheap auto insurance rates.

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When might I need the advice of an agent?

When it comes to buying adequate coverage for your personal vehicles, there isn’t really a single plan that fits everyone. Coverage needs to be tailored to your specific needs so your insurance needs to address that. For example, these questions may help highlight if your situation might need an agent’s assistance.

  • Does my 2008 BMW M6 qualify for pleasure use?
  • Does my insurance cover my expensive audio equipment?
  • What if I total my 2008 BMW M6 and owe more than it’s worth?
  • Will filing a claim cost me more?
  • Why am I required to buy high-risk coverage?
  • Can I make deliveries for my home business?
  • What are the financial responsibility laws in my state?

If it’s difficult to answer those questions, you might consider talking to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies.

Coverages available on your policy

Understanding the coverages of insurance aids in choosing which coverages you need and proper limits and deductibles. The coverage terms in a policy can be confusing and even agents have difficulty translating policy wording. Below you’ll find the normal coverages offered by insurance companies.

Liability – This coverage will cover damages or injuries you inflict on a person or their property that is your fault. It protects YOU from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 100/300/100 that translate to a $100,000 limit per person for injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged property. Some companies may use one number which is a combined single limit which limits claims to one amount rather than limiting it on a per person basis.

Liability coverage pays for things such as court costs, repair bills for other people’s vehicles, bail bonds and medical expenses. How much liability coverage do you need? That is up to you, but you should buy higher limits if possible.

Comprehensive or Other Than Collision – Comprehensive insurance will pay to fix damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims like hitting a bird, damage from flooding and rock chips in glass. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Collision coverages – This coverage pays for damage to your M6 resulting from a collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage pays for claims such as backing into a parked car, colliding with a tree and hitting a parking meter. Collision coverage makes up a good portion of your premium, so consider dropping it from older vehicles. Another option is to bump up the deductible to bring the cost down.

UM/UIM Coverage – Your UM/UIM coverage provides protection when the “other guys” do not carry enough liability coverage. Covered claims include medical payments for you and your occupants as well as damage to your BMW M6.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Most of the time these limits are set the same as your liablity limits.

Medical costs insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses like hospital visits, nursing services and ambulance fees. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover you and your occupants in addition to being hit by a car walking across the street. PIP coverage is not universally available and gives slightly broader coverage than med pay

Save your cold hard cash

Budget-conscious 2008 BMW M6 insurance can be purchased on the web and also from your neighborhood agents, and you need to price shop both to have the best rate selection. Some insurance companies may not provide the ability to get a quote online and many times these smaller companies only sell through independent insurance agents.

We just covered a lot of information how to lower your insurance rates. The key concept to understand is the more times you quote, the better your comparison will be. Consumers could even find that the most savings is with the least-expected company. They may only write in your state and offer lower rates compared to the large companies like Allstate and Progressive.

Helpful learning opportunities

Use our FREE quote tool to compare rates now!

Rates by U.S. City

2008 BMW M6 Insurance Rates by City
City Premium
New York City, NY $2,385
Los Angeles, CA $2,583
Philadelphia, PA $2,016
Jacksonville, FL $2,190
Phoenix, AZ $1,756
Chicago, IL $2,023
Houston, TX $2,363
Seattle, WA $1,469
Columbus, OH $1,258
Indianapolis, IN $1,288

Need a specific model?

Choose your model and trim below

Rates by Driver Age

2008 BMW M6 Insurance Rates by Driver Age
Driver Age Premium
16 $5,766
20 $3,470
30 $1,564
40 $1,510
50 $1,380
60 $1,354

Full coverage, $500 deductibles

Rates by Deductible

2008 BMW M6 Insurance Rates with Different Deductibles
Deductible Premium
$100 $1,858
$250 $1,698
$500 $1,510
$1,000 $1,330

Full coverage, driver age 40

Rates by Liability Limit

BMW M6 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,510
50/100 $1,617
100/300 $1,750
250/500 $2,097
100 CSL $1,670
300 CSL $1,964
500 CSL $2,178

Full coverage, driver age 40

Rates for High Risk Drivers

2008 BMW M6 Insurance Rates for High Risk Drivers
Age Premium
16 $8,204
20 $5,532
30 $3,324
40 $3,266
50 $3,120
60 $3,090

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $209

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $80
Multi-vehicle $80
Homeowner $24
5-yr Accident Free $106
5-yr Claim Free $97
Paid in Full/EFT $65
Advance Quote $72
Online Quote $106
Total Discounts $630
Rate after discounts $880

Discounts are estimated and may not be available from every company or in every state.

Find companies with the cheapest rates in your area

2008 BMW M6 Insurance Rates by State
State Premium
Alabama $1,364
Alaska $1,158
Arizona $1,254
Arkansas $1,510
California $1,722
Colorado $1,440
Connecticut $1,552
Delaware $1,708
Florida $1,888
Georgia $1,394
Hawaii $1,084
Idaho $1,022
Illinois $1,124
Indiana $1,140
Iowa $1,020
Kansas $1,434
Kentucky $2,060
Louisiana $2,238
Maine $932
Maryland $1,248
Massachusetts $1,206
Michigan $2,620
Minnesota $1,264
Mississippi $1,808
Missouri $1,338
Montana $1,622
Nebraska $1,192
Nevada $1,814
New Hampshire $1,090
New Jersey $1,688
New Mexico $1,338
New York $1,590
North Carolina $870
North Dakota $1,238
Ohio $1,040
Oklahoma $1,550
Oregon $1,382
Pennsylvania $1,440
Rhode Island $2,014
South Carolina $1,370
South Dakota $1,274
Tennessee $1,320
Texas $1,818
Utah $1,118
Vermont $1,034
Virginia $904
Washington $1,166
West Virginia $1,384
Wisconsin $1,046
Wyoming $1,344

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