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How much is BMW gap insurance?
I’m buying a 2019 BMW M6 and I really want to make sure it’s well-protected, but I don’t want to end up paying excessively for optional insurance coverage. How much is gap insurance for a BMW?
Shannon Fitzgerald · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
It must feel great to have your new
M6
heading home with you so soon! Purchasing gap insurance
to keep it well-protected is a very good idea, too. Here’s how much this coverage will cost for a BMW: - Between $200 and $700 through the dealership, lender, or third-party
- $3 extra per month tacked onto your current car insurance policy
If you’re worried about the extra coverage costs, you can also
cancel your gap insurance policy
to get a refund as soon as what you owe in loans on the M6 is less than its market value. In this case, the coverage is no longer needed as it is there to bridge the gap between the market value and the amount still owed. Keeping yourself armed with good insurance coverage can be a huge financial help down the line should a worst-case scenario occur. But it’s totally understandable to not want to pay excessive prices for your coverage either—that’s where
Jerry
can help. The app is free to use and instantly analyzes custom quotes from over 50 top insurance companies to track down the lowest rates available for your coverage needs. The average user ends up saving $887 a year on
car insurance
, so it’s definitely worth a look to keep both your mind and budget at ease! View full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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