How Much Does 2019 BMW 2 Series Car Insurance Cost in 2024?

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 2, 2024

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Want lower insurance coverage rates for your BMW 2 Series? Wish you could get out of an underperforming, overpriced insurance coverage policy? Trust us when we tell you there are many consumers feeling the pinch from expensive insurance coverage. Drivers have multiple car insurance companies to buy insurance from, and although it’s a good thing to have a selection, more choices can make it harder to find a good deal.

It is always a good idea to get comparison quotes quite often because prices are rarely the same from one policy term to another. Despite the fact that you may have had the lowest price for 2 Series insurance on your last policy there may be better deals available now. There are a lot of ways to save on insurance coverage on the web, but in a few minutes you can learn some great ideas on how to find cheap insurance coverage.

The BMW 2 Series insurance cost equation

Consumers need to have an understanding of some of the elements that are used to determine your premiums. If you have a feel for what controls the rates you pay, this helps enable you to make changes that could help you find lower insurance prices.

The items below are some of the most common factors companies use to determine your rates.

  • How much liability coverage – A critical coverage on your policy, liability insurance will afford coverage when you are responsible for damages caused by your negligence. This coverage provides legal defense to attempt to prove you were not liable. Liability insurance is quite affordable as compared to coverage for physical damage, so drivers should make sure they buy enough to cover all assets.
  • Do you work long hours in a stressful job? – Did you know your career choice can influence rates? Careers such as judges, architects and accountants generally have higher rates than the rest of us in part from job stress and lengthy work days. On the other hand, occupations like farmers, students and the unemployed have the lowest average rates for 2 Series insurance.
  • High physical damage deductibles reduce prices – Physical damage protection, also called ‘full coverage’, is used to repair damage to your BMW. Examples of covered claims are running into the backend of another car, damage caused by hail, and having your car stolen. Deductibles for physical damage are how much you are willing to pay before your insurance pays a claim. The more money you choose to pay out-of-pocket, the less your company will charge you for insurance for 2 Series insurance.
  • If you don’t need it don’t buy it – There are a ton of optional add-on coverages that you can buy on your insurance policy. Insurance for things like rental car reimbursement, accident forgiveness, and Farm Bureau memberships are some examples. These coverages may sound good initially, but if you don’t need them eliminate the coverages to reduce your premium.

The method we recommend to compare rates is to understand most insurance companies will pay a fee to give free rates quotes. All consumers are required to do is take a few minutes to give details like if it has an anti-theft system, whether you have decent credit, if the car is leased, and if you’re married. Those rating factors is sent automatically to multiple insurance coverage providers and they provide comparison quotes very quickly.

Car insurance in the media

Drivers can’t get away from all the ads that promise big savings for switching by Allstate, GEICO and Progressive. They all advertise claims that people will save if you switch your policy.

How is it possible that every company can sell you cheaper insurance coverage? You have to listen carefully.

Many companies have strict underwriting profiles for the type of driver that will not have excessive claims. A good example of a profitable risk profile might be between the ages of 30 and 50, owns their home, and insures a new vehicle. A driver who meets those qualifications will qualify for the lowest auto insurance rates and will also save when they switch companies.

Consumers who may not quite match those criteria will have to pay higher prices which results in business going elsewhere. The ads state “people that switch” not “everyone who quotes” save that much money. That’s why insurance companies can lure you into getting a quote. Because every company is different, it is so important to compare rate quotes every year. It is impossible to guess with any certainty which company will have the lowest auto insurance rates for your situation.

Discount insurance quotes

Car insurance is not cheap, but you can get discounts to help bring down the price. Certain credits will be shown at the time you complete a quote, but a few must be asked for before being credited.

  • Discounts for Federal Employees – Active or former government employment may qualify for a discount when you quote insurance coverage for 2 Series insurance with some insurance companies.
  • Low Mileage Discounts – Fewer annual miles on your BMW may enable drivers to earn cheaper prices.
  • Auto/Home Discount – When you combine your auto and homeowners insurance with the same insurance company you could earn a discount of at least 10 to 15 percent or more.
  • Senior Citizens – If you’re over the age of 55, you are able to get a slight reduction on a insurance coverage quote for 2 Series insurance.
  • Telematics Devices – Policyholders that allow driving data collection to study where and when they drive by using a telematics device in their vehicle such as Drivewise from Allstate or Snapshot from Progressive could see a rate decrease if their driving habits are good.

As a disclaimer on discounts, most discounts do not apply to all coverage premiums. A few only apply to the price of certain insurance coverages like liability and collision coverage. So despite the fact that it appears you would end up receiving a 100% discount, company stockholders wouldn’t be very happy.

Popular insurance companies and a summarized list of policyholder discounts are outlined below.

  • State Farm has savings for passive restraint, good driver, anti-theft, student away at school, defensive driving training, and safe vehicle.
  • American Family offers premium reductions for good student, good driver, early bird, mySafetyValet, Steer into Savings, air bags, and bundled insurance.
  • GEICO includes discounts for multi-policy, good student, multi-vehicle, anti-lock brakes, five-year accident-free, and federal employee.
  • 21st Century policyholders can earn discounts including automatic seat belts, early bird, air bags, theft prevention, defensive driver, and student driver.
  • Progressive may include discounts for homeowner, multi-policy, online quote discount, multi-vehicle, and continuous coverage.

Before buying, ask each company what discounts are available to you. Some discounts may not apply to policies everywhere. To see a list of insurance companies that offer many of these discounts, enter your zip code here.

Tailor your insurance coverage to you

When it comes to buying the right insurance coverage, there really is not a perfect coverage plan. Every situation is different so your insurance needs to address that. For instance, these questions might point out whether or not you might need professional guidance.

  • Which is better, split liability limits or combined limits?
  • Is my nanny covered when driving my vehicle?
  • Do I need an umbrella policy?
  • Is Motor Club coverage worth it?
  • Is my camper covered by my car insurance policy?
  • Which companies will insure high-risk drivers?

If you don’t know the answers to these questions, you might consider talking to a licensed agent. If you want to speak to an agent in your area, take a second and enter your zip code. It only takes a few minutes and can provide invaluable advice.

Auto insurance 101

Learning about specific coverages of your policy can help you determine the best coverages at the best deductibles and correct limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. Listed below are the usual coverages offered by insurance companies.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. This coverage pays for hospital bills for your injuries and damage to your BMW 2 Series.

Since many drivers have only the minimum liability required by law, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Comprehensive or Other Than Collision

This coverage pays for damage from a wide range of events other than collision. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims like rock chips in glass, damage from getting keyed and theft. The maximum amount a insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Liability coverage

Liability coverage provides protection from damages or injuries you inflict on other people or property in an accident. It protects YOU against other people’s claims, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 100/300/100 that means you have $100,000 bodily injury coverage, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability can pay for claims like pain and suffering, court costs, attorney fees and medical services. How much coverage you buy is a decision to put some thought into, but you should buy higher limits if possible.

Medical costs insurance

Coverage for medical payments and/or PIP kick in for expenses for X-ray expenses, ambulance fees, doctor visits and chiropractic care. They are often used to cover expenses not covered by your health insurance policy or if you lack health insurance entirely. Medical payments and PIP cover you and your occupants as well as getting struck while a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision protection

This pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. You first must pay a deductible and then insurance will cover the remainder.

Collision can pay for claims like driving through your garage door, hitting a mailbox, backing into a parked car and rolling your car. This coverage can be expensive, so consider dropping it from vehicles that are older. It’s also possible to bump up the deductible to save money on collision insurance.

In conclusion

When getting insurance coverage quotes online, never reduce coverage to reduce premium. In many instances, someone dropped liability limits or collision coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. Your aim should be to buy the best coverage you can find at the best possible price, not the least amount of coverage.

Cheaper car insurance can be found on the web and from local insurance agents, so you need to quote insurance coverage with both to have the best selection. Some insurance companies may not have the ability to get quotes online and many times these smaller providers only sell through local independent agencies.

You just learned a lot of information how to save on 2019 BMW 2 Series insurance. The most important thing to understand is the more quotes you get, the better your comparison will be. You may be surprised to find that the lowest priced car insurance comes from an unexpected company. They often have lower rates on specific markets as compared to the big name companies such as Allstate or State Farm.

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