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2016 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 11, 2020

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Average insurance rates for a 2016 BMW M6 are $2,076 a year with full coverage. Comprehensive costs on average $440, collision insurance costs $946, and liability costs around $510. Buying a liability-only policy costs as low as $568 a year, and high-risk insurance costs around $4,546. Teenage drivers receive the highest rates at up to $7,620 a year.

Annual premium for full coverage: $2,076

Rate estimates for 2016 BMW M6 Insurance

Comprehensive $440
Collision $946
Liability $510

Rate data is compiled from all 50 U.S. states and averaged for all 2016 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 $568 for the bare minimum liability coverage to the much higher price of $4,546 for a driver who has had serious violations or accidents.

Liability Only $568
Full Coverage $2,076
High Risk $4,546

View Chart as Image

2016 BMW M6 insurance rates compared
Column chart showing 2016 BMW M6 insurance prices range from $1151 to $7,620 for full coverage

These differences demonstrate why everyone should compare prices based on a specific location and risk profile, instead of using average rates.

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 2016 BMW M6 Insurance

Searching Companies

Are you confused by the sheer number of insurance coverage options? Many other consumers are too. You have so many options that it can easily become a lot of work to find the perfect company for you.

Consumers should take time to take a look at other company’s rates quite often because rates are rarely the same from one policy term to another. Even if you got the best deal on M6 insurance a couple years back you can probably find a lower rate today. There is a lot of wrong information about insurance coverage online but we’re going to give you some great ideas on how to stop overpaying for insurance.

Free Insurance Quotes

Most major insurance companies like State Farm, GEICO and Progressive allow you to get coverage price quotes on the web. Obtaining pricing is pretty easy as you just type in the coverages you want as requested by the quote form. After the form is submitted, their rating system automatically orders reports for credit and driving violations and provides a quote based on these factors.

This helps simplify price comparisons, but the time it takes to visit multiple sites and complete many quote forms can be a bit tiresome and repetitive. Unfortunately, it is important to compare as many rates as possible in order to find better prices.

A quicker way to get multiple rate quotes is to use a quote form that analyzes rates from many companies. This type of form saves time, eliminates form submissions, and makes online price comparison much more efficient. After your information is entered, it gets priced and you can select your choice of the quotes that you receive.

If you find a better price you can click and sign and buy the new coverage. It takes 15 minutes at the most and may result in a nice savings.

To find out how much you’re overpaying now, click here to open in new window and submit your coverage information. If you have your current policy handy, we recommend you copy the coverage information identical to your current policy. This helps ensure you will have an apples-to-apples comparison based on identical coverages.

Be sure to get all your discounts

The cost of insuring your cars can be expensive, buy you may qualify for discounts to help offset the cost. Some trigger automatically at the time of purchase, but a few must be manually applied prior to receiving the credit.

  • Drivers Education – Make teen driver coverage more affordable by requiring them to complete a driver education course if offered at their school.
  • Auto/Home Discount – If you insure your home and vehicles with one insurance company you could get a discount of up to 20% off your total premium.
  • New Car Discount – Putting insurance coverage on a new car can be considerably cheaper because new vehicles have to meet stringent safety requirements.
  • More Vehicles More Savings – Having multiple cars or trucks on one policy could earn a price break for each car.
  • Student in College – Any of your kids who attend school more than 100 miles from home and don’t have a car can be insured at a reduced rate.
  • Club Memberships – Affiliation with certain professional organizations may earn a discount when shopping for auto insurance on M6 insurance.
  • Sign Early and Save – Some insurance companies reward drivers for buying a policy prior to your current policy expiration. It can save you around 10%.

Drivers should understand that some credits don’t apply to the overall cost of the policy. Some only reduce individual premiums such as physical damage coverage or medical payments. So despite the fact that it appears you would end up receiving a 100% discount, companies wouldn’t make money that way. But all discounts will bring down your premiums.

A partial list of companies that possibly offer some of the above discounts may include but are not limited to:

It’s a good idea to ask every prospective company how you can save money. Some discounts might not be offered in your area.

Free Auto Insurance Comparison

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

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How do I know if I need professional advice?

When buying proper insurance coverage, there isn’t really a cookie cutter policy. Everyone’s situation is a little different.

Here are some questions about coverages that can help discover whether your personal situation would benefit from an agent’s advice.

  • What is the ISO rating for a 2016 BMW M6?
  • If my 2016 BMW M6 is totaled, can I afford another vehicle?
  • Am I covered if I crash into my own garage door?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • Is my state a no-fault state?
  • When can I cancel my policy?
  • Who is covered when they drive my 2016 BMW M6?
  • Can my teen driver be rated on a liability-only vehicle?
  • Do I need special endorsements for business use of my vehicle?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to a licensed insurance agent. To find lower rates from a local agent, simply complete this short form.

Car insurance specifics

Understanding the coverages of a car insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring.

Uninsured and underinsured coverage

This coverage gives you protection when the “other guys” either have no liability insurance or not enough. Covered claims include hospital bills for your injuries and also any damage incurred to your BMW M6.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family. Normally these coverages do not exceed the liability coverage limits.

Collision insurance

This will pay to fix damage to your M6 caused by collision with another vehicle or an object, but not an animal. You will need to pay your deductible and then insurance will cover the remainder.

Collision coverage pays for claims such as hitting a mailbox, backing into a parked car, scraping a guard rail and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider dropping it from vehicles that are older. Another option is to bump up the deductible to bring the cost down.

Coverage for medical payments

Med pay and PIP coverage pay for expenses for ambulance fees, funeral costs, nursing services, hospital visits and doctor visits. They are often used to fill the gap from your health insurance policy or if you do not have health coverage. Coverage applies to you and your occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Liability car insurance

This coverage will cover damage or injury you incur to other’s property or people by causing an accident. This coverage protects you against claims from other people, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see values of 50/100/50 which means a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged property. Occasionally you may see one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers claims like funeral expenses, court costs and pain and suffering. How much liability should you purchase? That is a personal decision, but buy higher limits if possible.

Comprehensive coverages

This pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like damage from flooding, vandalism, hitting a bird and a tree branch falling on your vehicle. The maximum payout your car insurance company will pay is the actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Use our FREE quote tool to compare rates now!

Rates by U.S. City

2016 BMW M6 Insurance Rates by City
City Premium
New York City, NY $3,279
Los Angeles, CA $3,552
Philadelphia, PA $2,769
Jacksonville, FL $3,014
Phoenix, AZ $2,416
Chicago, IL $2,783
Houston, TX $3,250
Seattle, WA $2,019
Columbus, OH $1,735
Indianapolis, IN $1,770

Need a specific model?

Choose your model and trim below

Rates by Driver Age

2016 BMW M6 Insurance Rates by Driver Age
Driver Age Premium
16 $7,620
20 $4,854
30 $2,184
40 $2,076
50 $1,896
60 $1,862

Full coverage, $500 deductibles

Rates by Deductible

2016 BMW M6 Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,696
$250 $2,406
$500 $2,076
$1,000 $1,762

Full coverage, driver age 40

Rates by Liability Limit

BMW M6 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $2,076
50/100 $2,178
100/300 $2,306
250/500 $2,637
100 CSL $2,229
300 CSL $2,510
500 CSL $2,714

Full coverage, driver age 40

Rates for High Risk Drivers

2016 BMW M6 Insurance Rates for High Risk Drivers
Age Premium
16 $10,954
20 $7,746
30 $4,664
40 $4,546
50 $4,340
60 $4,306

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 $304

Potential Rate Discounts

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

Discount Savings
Multi-policy $114
Multi-vehicle $111
Homeowner $29
5-yr Accident Free $167
5-yr Claim Free $138
Paid in Full/EFT $104
Advance Quote $110
Online Quote $152
Total Discounts $925
Rate after discounts $1,151

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

Find companies with the cheapest rates in your area

2016 BMW M6 Insurance Rates by State
State Premium
Alabama $1,876
Alaska $1,592
Arizona $1,726
Arkansas $2,076
California $2,368
Colorado $1,980
Connecticut $2,132
Delaware $2,350
Florida $2,598
Georgia $1,916
Hawaii $1,490
Idaho $1,408
Illinois $1,546
Indiana $1,566
Iowa $1,402
Kansas $1,972
Kentucky $2,832
Louisiana $3,074
Maine $1,282
Maryland $1,714
Massachusetts $1,658
Michigan $3,604
Minnesota $1,736
Mississippi $2,488
Missouri $1,840
Montana $2,232
Nebraska $1,636
Nevada $2,492
New Hampshire $1,498
New Jersey $2,322
New Mexico $1,838
New York $2,186
North Carolina $1,198
North Dakota $1,702
Ohio $1,434
Oklahoma $2,132
Oregon $1,904
Pennsylvania $1,978
Rhode Island $2,770
South Carolina $1,882
South Dakota $1,754
Tennessee $1,816
Texas $2,500
Utah $1,536
Vermont $1,420
Virginia $1,244
Washington $1,602
West Virginia $1,904
Wisconsin $1,436
Wyoming $1,850

Free Auto Insurance Comparison

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

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