2015 BMW 2 Series Car Insurance Cost

I can’t think of anyone who likes buying insurance coverage, in particular when it costs too dang much.

People have so many auto insurance companies to choose from, and although it’s nice to have a choice, so many choices can make it hard to compare rates.

Consumers need to get comparison quotes yearly because insurance prices tend to go up over time. Even if you got the best price on 2 Series insurance a few years ago the chances are good that you can find a lower rate today. Forget anything you know (or think you know) about insurance coverage because it’s time to teach you the fastest way to find better rates and still maintain coverage.

Buying car insurance is not rocket science. In a nutshell, everyone who has to buy insurance coverage will be able to save money. Although consumers must understand how insurance companies price insurance differently and apply this information to your search.

The method we recommend to compare insurance rates from multiple companies is to know most larger insurance companies provide online access to compare rate quotes. The only thing you need to do is provide information like if your license is active, the year, make and model of vehicles, whether you drive to work or school, and if it has an anti-theft system. Those rating factors is then sent to insurance companies and you will get price comparisons quickly.

Insurance coverage policy discounts

Some providers don’t always publicize every possible discount very well, so the next list breaks down both well-publicized and the harder-to-find discounts you could be receiving when you buy car insurance online.

• Defensive Driving Course – Taking a course in safe driver could possibly earn you a 5% discount if your company offers it.
• Employee of Federal Government – Active or former government employment may reduce rates when you quote car insurance on 2 Series insurance depending on your insurance coverage provider.
• Discount for Multiple Policies – If you can bundle your home and auto insurance and place coverage with the same company they may give you a discount of up to 20% and get you affordable car insurance.
• Military Rewards – Having an actively deployed family member could be rewarded with lower insurance coverage rates.
• Safety Restraint Discount – Drivers who require all vehicle occupants to buckle up before driving may be able to save a few bucks off PIP or medical payments premium.
• Low Mileage Discounts – Low annual miles may enable drivers to earn better premium rates on cars that stay parked.
• Switch and Save Discount – Some companies provide a discount for buying a policy prior to the expiration date on your current policy. You can save around 10% with this discount.
• Distant Student – Youth drivers who live away from home at college and do not take a car to college may be able to be covered for less.
• Own a Home and Save – Simply owning a home can earn you a little savings because it is proof that your finances are in order.

As a disclaimer on discounts, most credits do not apply to all coverage premiums. Most only cut individual premiums such as comprehensive or collision. So despite the fact that it appears all the discounts add up to a free policy, company stockholders wouldn’t be very happy.

Companies and their offered discounts include:

• State Farm has savings for anti-theft, student away at school, accident-free, Drive Safe & Save, multiple autos, Steer Clear safe driver discount, and multiple policy.
• Liberty Mutual has discounts for new graduate, multi-policy, preferred payment discount, newly married, exclusive group savings, teen driver discount, and new vehicle discount.
• American Family policyholders can earn discounts including air bags, good driver, early bird, accident-free, defensive driver, TimeAway discount, and bundled insurance.
• Progressive offers discounts including online signing, continuous coverage, online quote discount, homeowner, multi-vehicle, and good student.
• Farmers Insurance discounts include business and professional, pay in full, teen driver, early shopping, alternative fuel, good student, and distant student.
• Auto-Owners Insurance includes discounts for safe vehicle, paid in full, anti-theft, multiple vehicles, teen driver, and safe driver.
• SAFECO offers premium reductions for homeowner, drive less, anti-lock brakes, teen safety rewards, multi-car, and safe driver.

If you want inexpensive car insurance quotes, ask each company or agent which discounts they offer. Some discounts might not apply in your state.

How do I know if I need professional advice?

When buying proper insurance coverage, there really is not a one size fits all plan. Everyone’s situation is a little different so your insurance needs to address that. For instance, these questions can help discover whether your personal situation would benefit from an agent’s advice.

• What is UM/UIM insurance?
• How much liability insurance is required?
• Is rental equipment covered for theft or damage?
• What companies insure drivers after a DUI or DWI?
• Am I covered when delivering products for my home-based business?
• What exactly is covered by my policy?
• What is no-fault insurance?
• Do I need to file an SR-22 for a DUI in my state?
• Are all vehicle passengers covered by medical payments coverage?
• When would I need additional glass coverage?

If you don’t know the answers to these questions but a few of them apply, you might consider talking to an agent. If you want to speak to an agent in your area, fill out this quick form or click here for a list of insurance coverage companies in your area.

Information about specific coverages

Learning about specific coverages of insurance can help you determine appropriate coverage for your vehicles. The coverage terms in a policy can be impossible to understand and reading a policy is terribly boring. These are typical coverage types found on the average insurance policy.

Medical expense coverage – Personal Injury Protection (PIP) and medical payments coverage kick in for expenses for dental work, ambulance fees, pain medications and surgery. They are often used in conjunction with a health insurance program or if there is no health insurance coverage. Coverage applies to you and your occupants and will also cover being hit by a car walking across the street. PIP coverage is not universally available and gives slightly broader coverage than med pay

Uninsured or underinsured coverage – This provides protection when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family and damage to your BMW 2 Series.

Because many people only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages should not be overlooked.

Comprehensive protection – This coverage pays for damage caused by mother nature, theft, vandalism and other events. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like hail damage, damage from getting keyed and hitting a bird. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision – Collision coverage pays for damage to your 2 Series caused by collision with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision coverage protects against claims such as crashing into a ditch, crashing into a building, hitting a parking meter, scraping a guard rail and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also bump up the deductible to bring the cost down.

Liability coverages – Liability coverage can cover damage or injury you incur to other’s property or people. This coverage protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see liability limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and $100,000 of coverage for damaged propery.

Liability coverage pays for claims like court costs, funeral expenses, legal defense fees, loss of income and emergency aid. How much liability coverage do you need? That is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.