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BMW 2 Series Insurance Rates

You have many choices when buying insurance for your BMW vehicle. You can buy direct from an agent or go online to compare rates from multiple insurance companies. Finding cheaper auto insurance on the web can be fast and easy, in addition you can save money.

If you are a novice to online auto insurance shopping, you may be confused by the hoards of online companies offering insurance. Finding lower 2 Series insurance cost isn't really that difficult. You just have to spend a little time getting comparison quotes provided by online insurance companies. It is quite easy and can be accomplished by comparing rates here.

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Criteria which help determine car insurance premiums

Car insurance premiums paid to insure a BMW 2 Series will vary greatly depending on several factors. A few of these criteria are:

  • Higher performance 2 Series vehicles cost more
  • Your accident history
  • Home/auto policy bundles save money
  • How you use your vehicle
  • Your birth date
  • Whether you are married
  • Optional coverages like vehicle replacement
  • Your claim history
  • No coverage lapses saves money
  • Owning a home can lower rates

An additional factor which can affect 2 Series insurance rates is the year of the vehicle. Newer models have a higher actual cash value than older models so the cost to replace them will push premiums up. Conversely, newer vehicles may have safety features such as tire pressure monitors, active head restraints, and pedestrian detection so those may lower rates.

To get a better idea how much rates will be for your vehicle, select the year of your 2 Series from the following list.

Liability car insurance - This coverage can cover injuries or damage you cause to a person or their property that is your fault. Liability insurance covers claims such as funeral expenses, loss of income, and emergency aid. Coverage is generally pretty cheap so you should buy as much as you can afford.

Collision coverage - This covers damage to your BMW from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also raise the deductible to bring the cost down.

Comprehensive auto insurance - This pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage. The maximum amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if it's not worth much more than your deductible it's probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage - This coverage protects you and your vehicle's occupants from other drivers when they either are underinsured or have no liability coverage at all. Since a lot of drivers only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage should not be overlooked.

Coverage for medical expenses - Coverage for medical payments and/or PIP pay for bills such as ambulance fees, surgery, and doctor visits. They are often used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay.

How Much are BMW 2 Series Insurance Rates?