Cheapest Quotes for BMW X6 Insurance in Colorado Springs

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Insurance rates BMW X6 in Colorado SpringsSad but true, most auto insurance policyholders renewed their policy with the same company for a minimum of four years, and roughly 40% of drivers have never even compared quotes to find cheaper rates. Drivers in Colorado could save about 35% a year by just comparing quotes, but they just assume it's a time-consuming process to go online and compare rates.

Truthfully, the best way to get more affordable BMW X6 insurance is to make a habit of regularly comparing prices from insurers in Colorado Springs. Rates can be compared by completing these steps.

  • First, it will benefit you to learn about how insurance works and the measures you can control to keep rates low. Many rating factors that cause high rates such as traffic citations and a poor credit score can be controlled by making minor changes in your lifestyle. Continue reading for additional ideas to get cheaper rates and get bigger discounts that may have been overlooked.
  • Second, request price quotes from direct, independent, and exclusive agents. Exclusive and direct companies can only quote rates from one company like Progressive or Allstate, while agents who are independent can provide prices from multiple sources.
  • Third, compare the quotes to your existing policy to see if a cheaper rate is available. If you find a lower rate and decide to switch, make sure there is no lapse in coverage.

One bit of advice is to make sure you enter identical deductibles and limits on each quote request and and to get rate quotes from as many companies as you can. Doing this provides a level playing field and plenty of rates choose from.

If you have a current insurance policy, you will be able to reduce premiums using these methods. Choosing the most cost-effective insurance policy in Colorado Springs is not rocket science. Nevertheless, Colorado drivers need to learn how big insurance companies price insurance differently because it can help you find the best coverage.

The quickest way to compare insurance rates from multiple companies is to realize most of the bigger providers actually pay money for the chance to give you rate quotes. To start a quote, the only thing you need to do is provide details like how many miles driven, whether or not you need a SR-22, an estimate of your credit level, and how old drivers are. Your insurance information is then sent to all major companies and you receive quotes within a short period of time.

To start a quote now, click here and complete the quick form.

The companies shown below are ready to provide price quotes in Colorado. To get cheaper car insurance in CO, we recommend you click on several of them to get the cheapest price.

Statistics and details

The coverage table displayed next outlines detailed analysis of insurance policy prices for BMW X6 models. Having a good understanding how insurance policy premiums are formulated can be of help when making smart choices when selecting a policy.

BMW X6 Insurance Rates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
X6 35I AWD $420 $838 $352 $20 $106 $1,736 $145
X6 50I AWD $458 $936 $352 $20 $106 $1,872 $156
X6 ActiveHybrid AWD $496 $1032 $352 $20 $106 $2,006 $167
X6 M AWD $496 $1032 $352 $20 $106 $2,006 $167
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Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, claim-free, and multi-policy. Rates do not factor in Colorado Springs location which can raise or lower price quotes considerably.

Deductible comparison

One of the hardest decisions when shopping for insurance is how high should your deductibles be. The rates shown below may help you to understand the rate differences when you buy lower versus higher comp and collision deductibles. The first price estimate table uses a $100 physical damage deductible and the second price chart uses a $500 deductible.

BMW X6 insurance with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
X6 35I AWD $420 $838 $352 $20 $106 $1,761 $147
X6 50I AWD $458 $936 $352 $20 $106 $1,897 $158
X6 ActiveHybrid AWD $496 $1032 $352 $20 $106 $2,031 $169
X6 M AWD $496 $1032 $352 $20 $106 $2,031 $169
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BMW X6 insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
X6 35I AWD $306 $566 $352 $20 $106 $1,350 $113
X6 50I AWD $334 $632 $352 $20 $106 $1,444 $120
X6 ActiveHybrid AWD $362 $698 $352 $20 $106 $1,538 $128
X6 M AWD $362 $698 $352 $20 $106 $1,538 $128
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Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Rate information does not factor in garaging location in Colorado Springs which can affect auto insurance rates greatly.

We can derive from the above data that using a $100 deductible costs about $39 more each month or $468 every year than choosing the higher $500 deductible. Since you would have to pay $400 more out-of-pocket with a $500 deductible as compared to a $100 deductible, if you tend to have at least 10 months between claim filings, you would come out ahead if you opt for a higher deductible.

How to determine when to raise your deductibles

Average monthly premium for $100 deductibles: $161
Average monthly premium for $500 deductibles (subtract): - $122
Monthly savings from raising deductible: $39
Difference between deductibles ($500 - $100): $400
Divide difference by monthly savings: $400 / $39
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 10 months

BMW X6 annual premiums for males versus females

The illustration below compares BMW X6 insurance rates for male and female drivers. The prices are based on no claims or violations, comprehensive and collision coverage, $1,000 deductibles, single status, and no other discounts are factored in.

Why Smart Buyers Pay Less for BMW X6 Insurance

Many things are considered when pricing auto insurance. Some factors are common sense like an MVR report, but others are more obscure like your vehicle usage or your commute time. The best way to find cheaper auto insurance is to take a look at the factors that come into play when calculating the rates you pay for auto insurance. When you know what positively or negatively impacts premium levels, this allows you to make good choices that could result in much lower annual insurance costs.

The factors shown below are a few of the "ingredients" used by insurance companies to determine your prices.

  • Liability insurance is peace of mind - Your policy's liability coverage will protect you when you are determined to be liable for an accident. This coverage provides legal defense coverage to defend your case. This coverage is relatively inexpensive compared to insuring for physical damage coverage, so do not cut corners here.
  • High deductibles cost less - Comprehensive and collision coverage deductibles are the amount of money you are required to spend in the event of a claim. Insurance for physical damage to your car, otherwise known as comp (or other than collision) and collision, is used to repair damage to your car. Some instances where coverage would apply are a windshield broken by a bird, vandalism, or theft of your vehicle. The larger the amount the insured is willing to pay, the less your company will charge you for insurance.
  • Commute or pleasure use - The more you drive your BMW in a year's time the more you'll pay to insure it. Many insurance companies apply a rate based upon how much you drive. Autos not used for work or commuting can get a lower rate than cars that get driven a lot. Having an incorrect usage rating on your X6 may be wasting your money. It's always a good idea to double check that your policy correctly shows how each vehicle is driven, because it can save money.
  • Experienced drivers are lower risk - More experienced drivers are more responsible, tend to file fewer claims, and get fewer tickets. Youthful drivers tend to be more careless behind the wheel so auto insurance rates are higher.

    The chart below is based on a single driver, full coverage with $100 deductibles, and no discounts or violations.

Why you need BMW X6 insurance in Colorado

Even though it can be expensive, paying for insurance serves several important purposes.

  • Most states have minimum mandated liability insurance limits which means it is punishable by state law to not carry specific minimum amounts of liability protection in order to drive the car. In Colorado these limits are 25/50/15 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $15,000 of property damage coverage.
  • If your X6 has a lienholder, almost all lenders will require that you carry insurance to guarantee their interest in the vehicle. If you do not pay your insurance premiums, the lender may have to buy a policy to insure your BMW at a significantly higher premium and force you to pay the higher price.
  • Insurance protects not only your vehicle but also your financial assets. It will also pay for hospital and medical expenses for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, also covers all legal expenses up to the policy limit if you cause an accident and are sued. If you receive damage to your vehicle caused by a storm or accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.

The benefits of having insurance more than cancel out the cost, especially with large liability claims. According to a recent study, the average American driver is overpaying more than $820 a year so you should quote and compare rates each time the policy renews to be sure current rates are still competitive.

How to find a good Colorado auto insurance company

Picking a high-quality insurance provider can be challenging considering how many companies sell coverage in Colorado. The company rank data shown below could help you choose which providers to look at comparing rates with.

Top Auto Insurance Companies in Colorado
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Mercury Insurance 88 91 90 85% A+ 89.4
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Travelers 80 87 87 83% A++ 85.2
Farmers Insurance 78 87 88 79% A 84.3
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Data Source: Insure.com Best Car Insurance Companies