How Much Does 2016 BMW M2 Insurance Cost?

Feeling guilty for buying high-priced insurance? You’re preaching to the choir because there are lots of people in the same boat. Having so many choices, it can be diffult for drivers to find the lowest cost insurance company.

Pricing the cheapest insurance can be fairly easy. If you have insurance now or need new coverage, you can use this information to find the best rates and possibly find even better coverage. Consumers just need to understand the best way to shop online.

Compare insurance coverage rates

Comparing insurance coverage rates can be a daunting task if you don’t understand the most efficient way to do it. You can spend your afternoon talking to local insurance agents in your area, or you can stay home and use online quotes to get prices fast.

The majority of car insurance companies belong to an insurance system where insurance shoppers submit their information once, and at least one company then returns a price quote determined by their information. This saves time by eliminating quote forms for every insurance coverage company.

To submit your quote information now, click here to start a free quote.

One minor caviat to comparing rates this way is that consumers can’t choose which providers you want pricing from. So if you want to select specific providers to compare, we have assembled a list of the cheapest insurance coverage companies in your area. Click here for list of insurance companies.

It doesn’t matter which method you choose, just make sure you are using nearly identical quote data for each price quote. If you are comparing differing limits it will be nearly impossible to determine the best price for your BMW M2.

Discounts for affordable insurance coverage rates

Companies offering auto insurance don’t list the complete list of policy discounts in an easy-to-find place, so the list below gives a summary of a few of the more well known and also the more inconspicuous discounts that you may qualify for.

Braking Control Discount – Vehicles with anti-lock braking systems can stop better under adverse conditions and earn discounts up to 10%.
Own a Home – Owning a house can save a few bucks since home ownership means you have a higher level of financial diligence.
Savings for New Vehicles – Putting coverage on a new car can save you some money since newer models have better safety ratings.
Multi-Vehicle Discounts – Having multiple cars or trucks with the same insurance coverage company can reduce the rates for all insured vehicles.
Full Payment Discount – If paying your policy premium upfront rather than paying monthly you can actually save on your bill.

Don’t be surprised that most discounts do not apply to the entire cost. Some only reduce individual premiums such as collision or personal injury protection. So even though they make it sound like all the discounts add up to a free policy, that’s just not realistic.

A list of insurance coverage companies and some of the discounts are outlined below.

Progressive discounts include continuous coverage, homeowner, multi-policy, good student, online signing, and online quote discount.
MetLife may have discounts that include defensive driver, accident-free, claim-free, multi-policy, and good student.
Mercury Insurance policyholders can earn discounts including multi-policy, accident-free, location of vehicle, low natural disaster claims, and annual mileage.
Nationwide includes discounts for accident-free, defensive driving, good student, easy pay, family plan, and Farm Bureau membership.
Geico offers discounts including seat belt use, five-year accident-free, air bags, anti-theft, and daytime running lights.
AAA may offer discounts for education and occupation, good student, multi-policy, anti-theft, pay-in-full, AAA membership discount, and multi-car.

If you need affordable auto insurance quotes, ask all companies you are considering how you can save money. A few discounts may not apply in your area. If you would like to see a list of providers that have a full spectrum of discounts, follow this link.

You may need specialized auto insurance coverage

When choosing proper insurance coverage for your vehicles, there really is not a “best” method to buy coverage. Everyone’s situation is a little different and your policy should reflect that. These are some specific questions can aid in determining if your insurance needs might need an agent’s assistance.

Should I buy full coverage?
If I drive on a suspended license am I covered?
What exactly is covered by my policy?
Are rental cars covered under my policy?
Am I covered when using my vehicle for business?
Does my personal policy cover me when driving out-of-state?

If you can’t answer these questions but you know they apply to you, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form or you can also visit this page to select a carrier It only takes a few minutes and may give you better protection.

Insurance coverages 101

Learning about specific coverages of insurance aids in choosing the right coverages for your vehicles. The terms used in a policy can be confusing and coverage can change by endorsement. These are typical coverage types available from insurance companies.

Coverage for medical payments

Coverage for medical payments and/or PIP reimburse you for bills like nursing services, EMT expenses, funeral costs, pain medications and ambulance fees. They can be used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Coverage applies to both the driver and occupants as well as being hit by a car walking across the street. PIP coverage is not an option in every state but can be used in place of medical payments coverage

Comprehensive coverages

This coverage 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 things such as falling objects, a broken windshield, fire damage and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Uninsured and underinsured coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered losses include injuries sustained by your vehicle’s occupants as well as damage to your BMW M2.

Since many drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is important protection for you and your family. Most of the time these coverages do not exceed the liability coverage limits.

Auto liability

Liability coverage protects you from injuries or damage you cause to other people or property by causing an accident. It protects you from claims by other people. It does not cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 50/100/50 which stand for a limit of $50,000 per injured person, a per accident bodily injury limit of $100,000, and $50,000 of coverage for damaged propery. Another option is a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability coverage protects against things such as attorney fees, court costs, medical expenses and loss of income. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible.

Coverage for collisions

Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like damaging your car on a curb, driving through your garage door, scraping a guard rail and hitting a parking meter. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from lower value vehicles. You can also bump up the deductible to bring the cost down.