Lower Your 2018 BMW 2 Series Insurance Rates

Looking for better auto insurance rates for your BMW 2 Series? Paying for overpriced BMW 2 Series insurance can eat up your bank account and force you to make tough financial choices. Doing a price comparison is free, only takes a few minutes, and is a good way to make sure you’re not throwing money away.

Big-name insurance companies like State Farm, Geico and Farmers Insurance all claim big savings with TV and radio ads and it is difficult to ignore the flying pigs and cute green geckos and effectively compare rates to find the best deal.

It’s a great practice to price shop coverage quite often because auto insurance prices change frequently. Just because you had the lowest price for 2 Series insurance last year you can probably find a better rate now. Forget all the misinformation about auto insurance because we’re going to show you the quickest way to lower your annual insurance bill.

If you currently have a car insurance policy, you will be able to lower your premiums substantially using these methods. Finding the best rates is not that difficult. Nevertheless, vehicle owners must comprehend the methods companies use to compete online and apply this information to your search.

The quickest method to compare insurance rates from multiple companies takes advantage of the fact most insurance companies provide online access to provide you with a free rate quote. All consumers are required to do is give the companies some data such as level of coverage desired, how much you drive, if it has an anti-theft system, and the ages of drivers. The data is automatically sent to multiple insurance providers and you will receive price estimates with very little delay.

How you can control BMW 2 Series insurance rates

When buying insurance coverage it’s important to understand the rating factors that aid in calculating insurance coverage rates. If you understand what controls the rates you pay, this allows you to make good choices that could result in better insurance coverage rates.

  • What are your coverage deductibles? – Deductibles for physical damage state the amount of money the insured will be required to pay in the event of a claim. Insurance for physical damage, also called ‘full coverage’, insures against damage to your car. A few examples of covered claims would be collision with another vehicle, vandalism, or theft of your vehicle. The more money you pay before a claim is paid (deductible), the less your insurance coverage will be for 2 Series insurance.
  • Pay more by driving carelessly – Having a clean driving record influences premium rates substantially. Good drivers get better rates as compared to careless drivers. Having just one ticket could increase your next policy renewal twenty percent or more. Drivers unfortunate enough to have careless violations like reckless driving, hit and run or driving under the influence might be required by their state to submit a SR-22 or proof of financial responsibility with their state motor vehicle department in order to legally drive.
  • Policy claims cost money – If you tend to file frequent claims, don’t be surprised to see higher premiums or even policy non-renewal. Companies generally give discounts to insureds who do not rely on their insurance for small claims. Insurance coverage is intended for major claims that would cause financial hardship.
  • Safer cars cost less to insure – Vehicles that have high safety ratings tend to be cheaper to insure. Safer cars result in less severe injuries and lower rates of occupant injuries means your insurance company pays less which can result in lower premiums. If your BMW 2 Series scored better than four stars on Safercar.gov or an “acceptable” rating on iihs.org you may pay a lower rate.
  • Get better costs if you’re married – Getting married may earn you lower rates on insurance coverage. Having a spouse demonstrates that you tend to be less irresponsible it has been statistically shown that married drivers get in fewer accidents.

Take policy discounts and save

Some insurers don’t always advertise all possible discounts very clearly, so below is a list both the well known and also the lesser-known savings tricks you should be using when you buy car insurance online.

  • Theft Prevention Discount – Vehicles that have factory alarm systems and tracking devices can help prevent theft and qualify for as much as a 10% discount.
  • More Vehicles More Savings – Buying a policy with several vehicles on one policy can reduce the rates for all insured vehicles.
  • Discounts for Government Workers – Being employed by or retired from a federal job can earn a discount up to 10% for 2 Series insurance with select insurance companies.
  • Paperless Signup – Many larger companies will give you a small discount simply for signing digitally online.
  • Passenger Safety Discount – Options like air bags or automatic seat belts can receive discounts of 25 to 30%.
  • Drivers Ed for Students – Reduce the cost of insurance for teen drivers by having them sucessfully take a drivers education course if it’s offered in school.
  • No Accidents – Good drivers with no accidents get the best insurance coverage rates when compared with policyholders that have many claims.
  • Discounts for Good Drivers – Insureds who avoid accidents can save as much as half off their rates for 2 Series insurance than drivers with accident claims.
  • Multi-policy Discount – If you can combine your auto and home policy with the same company you could earn a discount of 10% to 20% off each policy.
  • Discounts for New Vehicles – Putting insurance coverage on a new car can save you some money since newer vehicles have better safety ratings.

Please keep in mind that most credits do not apply to the entire policy premium. Most only apply to the cost of specific coverages such as physical damage coverage or medical payments. Despite the appearance that you could get a free insurance coverage policy, you aren’t that lucky.

A few popular companies and the discounts they provide are:

  • American Family offers discounts including TimeAway discount, good student, Steer into Savings, multi-vehicle, bundled insurance, and good driver.
  • Nationwide discounts include easy pay, multi-policy, anti-theft, Farm Bureau membership, family plan, accident-free, and good student.
  • MetLife includes discounts for accident-free, good driver, defensive driver, good student, multi-policy, claim-free
  • 21st Century may include discounts for early bird, air bags, good student, driver training, defensive driver, student driver, and 55 and older.
  • Farmers Insurance offers discounts for business and professional, alternative fuel, switch companies, early shopping, good student, youthful driver, and electronic funds transfer.
  • Allstate has savings for safe driver, new car, defensive driver, premier plus, passive restraint, and economy car.

When getting a coverage quote, ask each company which discounts you qualify for. Depending on the company, some discounts might not be available to policyholders in every state. For a list of providers that offer some of these discounts, follow this link.

Which policy gives me the best coverage?

When choosing the best insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Each situation is unique so your insurance should reflect that These are some specific questions could help you determine if your insurance needs would benefit from an agent’s advice.

  • What vehicles should carry emergency assistance coverage?
  • Do I benefit by insuring my home with the same company?
  • At what point should I drop full coverage?
  • Should I buy full coverage?
  • Does my 2018 BMW 2 Series need full coverage?
  • Do I need to file an SR-22 for a DUI in my state?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • Why am I be forced to buy a membership to get insurance from some companies?
  • Why is insurance for a teen driver so high?

If you don’t know the answers to these questions but you know they apply to you, you may need to chat with an agent. To find an agent in your area, simply complete this short form or click here for a list of insurance companies in your area.

Car insurance coverage options for a BMW 2 Series

Understanding the coverages of a car insurance policy aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be ambiguous and even agents have difficulty translating policy wording. Listed below are typical coverages available from car insurance companies.

Coverage for medical payments

Coverage for medical payments and/or PIP reimburse you for expenses like funeral costs, ambulance fees, doctor visits, dental work and prosthetic devices. They are often used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. It covers not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP coverage is only offered in select states and may carry a deductible

Liability car insurance

This provides protection from damage or injury you incur to other’s property or people that is your fault. It protects you from legal claims by others, and does not provide coverage for your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. Your policy might show liability limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and a total limit of $50,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.

Liability coverage pays for claims such as funeral expenses, repair bills for other people’s vehicles and structural damage. How much liability should you purchase? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Comprehensive coverages

Comprehensive insurance coverage covers damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive insurance covers claims such as falling objects, hail damage, hitting a bird, rock chips in glass and fire damage. The maximum amount you can receive from a comprehensive claim is the cash value of the vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Uninsured and underinsured coverage

This protects you and your vehicle’s occupants when the “other guys” either have no liability insurance or not enough. This coverage pays for hospital bills for your injuries and damage to your BMW 2 Series.

Due to the fact that many drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Frequently these coverages are set the same as your liablity limits.

Coverage for collisions

This will pay to fix damage to your 2 Series resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as damaging your car on a curb, scraping a guard rail, hitting a mailbox, backing into a parked car and colliding with a tree. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible to bring the cost down.

Save your cold hard cash

As you go through the steps to switch your coverage, never reduce coverage to reduce premium. In too many instances, an accident victim reduced comprehensive coverage or liability limits to discover at claim time that their decision to reduce coverage ended up costing them more. Your goal should be to find the BEST coverage at an affordable rate.

We just presented some good ideas how to get a better price on 2018 BMW 2 Series insurance. The key concept to understand is the more times you quote, the higher your chance of finding inexpensive car insurance. Drivers may discover the lowest rates are with some of the smallest insurance companies. These companies often have lower car insurance rates on specific markets than their larger competitors like Allstate or State Farm.

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