2017 BMW 2 Series Car Insurance Rates

Car owners who are new to shopping for car insurance online are likely to discover purchasing cheap car insurance to be a formidable task.

It’s a good idea to compare premium rates as often as possible because insurance rates are usually higher with each renewal. Just because you found the best premium rates on 2 Series coverage a year ago other companies may now be cheaper. Forget anything you know (or think you know) about auto insurance because it’s time to teach you how to use the internet to find lower rates on auto insurance.

If you currently have car insurance, you stand a good chance to be able to save some money using this strategy. This information will help you learn the best way to quote coverages and some money-saving tips. Although consumers benefit from understanding the methods companies use to sell insurance online because it can help you find the best coverage.

Why you might pay inflated rates

Lots of factors are used in the calculation when premium rates are determined. Some are obvious like an MVR report, but other criteria are more transparent such as your marital status or how safe your car is.

  • Drive fewer miles and save – The more you drive your BMW in a year the more it will cost to insure it. Almost all companies charge to insure your cars based upon how much you drive. Vehicles not used for work or commuting can be on a lower rate level than vehicles that have high annual mileage. It’s a good idea to make sure your insurance declarations sheet correctly shows how each vehicle is driven. Having the wrong rating on your 2 Series may be costing you higher rates.
  • Save money with GPS tracking and theft deterrents – Selecting a car model that has a built-in theft deterrent system can save you some money. Systems that thwart theives like OnStar, LoJack tracking, and tamper alarms help track and prevent your car from being stolen.
  • Battle of the sexes – Statistics have proven females are less aggressive when driving. However, this does not mean women are BETTER drivers than men. Both sexes cause at-fault accidents in similar percentages, but men get into accidents with more damage. Not only are claims higher, but men get higher numbers of serious violations such as DWI and reckless driving. Young males have the highest risk to insure and therefore are the most expensive to insure.
  • Getting married brings a discount – Having a wife or husband may save some money compared to being single. Having a spouse generally demonstrates drivers are more responsible it has been statistically shown that drivers who are married are more cautious.
  • Use credit responsibly and save – A driver’s credit score can be a huge factor in calculating your insurance rates. So if your credit score can be improved, you could be paying less to insure your 2017 BMW 2 Series by spending a little time repairing your credit. People with very good credit scores tend to file fewer claims and have better driving records than drivers who have lower credit scores.
  • Save money by eliminating extra policy coverages – There are quite a few optional add-on coverages that can waste your money if you aren’t careful. Coverage for things like coverage for rental cars, towing, and additional equipment coverage could be just wasting money. They may seem good when talking to your agent, but your money might be better spent on other coverage so remove them from your policy.
  • Choose high IIHS safety ratings and save – Safer cars cost less to insure. Safer cars reduce the chance of injuries and lower injury rates means lower claim amounts which can mean better rates for you. If your BMW 2 Series earned at least four stars on Safercar.gov or an “acceptable” rating on iihs.org it may cost less to insure.
  • Job reflects on prices – Jobs like judgespolice officers and stock brokers tend to have higher rates than average attributed to high stress and extremely grueling work hours. On the other hand, professions such as farmers, students and retirees have lower than average premiums on 2 Series coverage.

Car insurance discounts are available to reduce your rates

Some insurers do not advertise all disounts very well, so we researched some of the more common as well as the least known savings tricks you should be using when you buy car insurance online. If they aren’t giving you every credit available, you’re just leaving money on the table.

  • Distant Student – College-age children who are enrolled in higher education away from home and do not have a car may be insured at a cheaper rate.
  • Life Insurance Discount – Insurance carriers who offer life insurance give a discounted premium rate on car insurance if you buy life insurance from them.
  • ABS and Traction Control Discounts – Vehicles equipped with ABS or steering control have fewer accidents and the ABS can save up to 10%.
  • Savings for New Vehicles – Insuring a new car can get you a discount due to better safety requirements for new model year vehicles.
  • Early Payment Discounts – If paying your policy premium upfront rather than paying in monthly installments you may have a lower total premium amount.
  • Telematics Data – Drivers that enable data collection to study driving habits remotely like Drivewise from Allstate or In-Drive from State Farm could see a rate decrease if they have good driving habits.
  • Good Student – Being a good student could provide a savings of up to 20% or more. Earning this discount can benefit you until age 25.

As is typical with insurance, some of the credits will not apply to your bottom line cost. Most cut specific coverage prices like medical payments or collision. Just because it seems like it’s possible to get free car insurance, you aren’t that lucky.

Popular car insurance companies and their possible discounts are detailed below.

  • Geico offers premium reductions for air bags, emergency military deployment, military active duty, federal employee, multi-vehicle, defensive driver, and driver training.
  • MetLife policyholders can earn discounts including good driver, claim-free, good student, accident-free, and defensive driver.
  • State Farm has savings for driver’s education, accident-free, multiple policy, safe vehicle, Steer Clear safe driver discount, and good driver.
  • Progressive may have discounts that include good student, online quote discount, multi-policy, online signing, homeowner, multi-vehicle, and continuous coverage.
  • Mercury Insurance has discounts for professional/association, multi-car, age of vehicle, ease of repair, low natural disaster claims, good driver, and accident-free.
  • 21st Century may include discounts for theft prevention, defensive driver, early bird, air bags, automatic seat belts, and 55 and older.
  • Allstate offers discounts including anti-theft, good student, defensive driver, teenSMART discount, and 55 and retired.

When getting free car insurance quotes, it’s a good idea to every company which discounts you qualify for. A few discounts might not apply in your area. To choose companies that offer the discounts shown above, click here to view.

Misconceptions in auto insurance advertisements

Allstate, Geico and Progressive continually stream ads on television and other media. They all advertise the message about savings if you move your policy. How do they all charge you less for car insurance? Here is the trick they use.

Many companies have a preferred profile for the right customer that earns them the highest profit. One example of a profitable customer may need to be over the age of 40, has few claims, and drives newer vehicles. A propective insured that fits those parameters will probably get cheap rates and therefore will cut their rates if they switch.

Drivers who don’t measure up to this ideal profile will probably have to pay higher premiums and ends up with business going elsewhere. The ad wording is “people who switch” not “everyone who quotes” save money. That is how companies can truthfully make claims that they all have the best car insurance rates. Different companies use different criteria so you absolutely need to quote coverage with many companies. It is impossible to predict the company that will have the best rates for your profile.

Everyone needs different auto insurance coverages

When it comes to choosing the right insurance coverage for your vehicles, there is no single plan that fits everyone. Every situation is different.

These are some specific questions might point out if your insurance needs would benefit from an agent’s advice.

  • Does liability extend to a camper or trailer?
  • What if I owe more than I can insure my car for?
  • Is my custom paint covered by insurance?
  • Does my policy cover my teen driver if they drive my company car?
  • Do I need higher collision deductibles?
  • Do I need medical payments coverage since I have good health insurance?

If you’re not sure about those questions, you might consider talking to an agent. To find an agent in your area, fill out this quick form.

What insurance coverages do you need?

Understanding the coverages of your policy helps when choosing the right coverages and proper limits and deductibles. Insurance terms can be difficult to understand and reading a policy is terribly boring.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP kick in for expenses for X-ray expenses, nursing services, funeral costs, hospital visits and doctor visits. They are used in conjunction with a health insurance plan or if you lack health insurance entirely. They cover both the driver and occupants as well as if you are hit as a while walking down the street. PIP is not universally available and gives slightly broader coverage than med pay

Auto collision coverage

This covers damage to your 2 Series from colliding with another car or object. A deductible applies then your collision coverage will kick in.

Collision can pay for things such as driving through your garage door, crashing into a building, hitting a mailbox, colliding with another moving vehicle and scraping a guard rail. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It’s also possible to raise the deductible to get cheaper collision coverage.

Liability coverage

This coverage will cover damage that occurs to other people or property by causing an accident. This coverage protects you against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see liability limits of 100/300/100 which means $100,000 bodily injury coverage, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000.

Liability can pay for claims such as medical expenses, attorney fees and loss of income. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as much as you can afford.

Uninsured/Underinsured Motorist coverage

This coverage provides protection from other drivers when they do not carry enough liability coverage. This coverage pays for injuries sustained by your vehicle’s occupants as well as damage to your BMW 2 Series.

Because many people have only the minimum liability required by law, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Comprehensive coverage

This will pay to fix damage from a wide range of events other than collision. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things like a tree branch falling on your vehicle, hitting a bird, hitting a deer and falling objects. The maximum amount your insurance company will pay is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Have the Midas touch

We’ve covered some good ideas how to save on 2017 BMW 2 Series insurance. It’s most important to understand that the more times you quote, the higher the chance of saving money. You may even discover the most savings is with a company that doesn’t do a lot of advertising.

People leave their current company for a number of reasons such as not issuing a premium refund, an unsatisfactory settlement offer, extreme rates for teen drivers or even questionable increases in premium. It doesn’t matter what your reason, finding a great new company can be easier than you think.

Cheaper 2017 BMW 2 Series insurance can be found from both online companies in addition to many insurance agents, so you should compare both to have the best selection. A few companies may not have internet price quotes and these smaller companies sell through local independent agencies.

Helpful learning opportunities

Comments About 2 Series Insurance

  1. Leida Baker

    I compared a lot of rate quotes for a 2 Series in Jersey City, New Jersey. Ended up at roughly $70 every six months with AIG Insurance. Was with American Family. It’s only liability tho.

  2. Audra Melendez

    Here’s my info. Found cheapest coverage with Liberty Mutual for my 2 Series and am saving around $110 a year. I have a couple other vehicles on the policy. It’s still not cheap enough.

  3. Reuben Monroe

    I’ve insured with 21st Century for a long time. Pretty cheap in Rockford, IL.

  4. Qiana Bush

    This is too expensive. From west side of Cedar Rapids, Iowa. Got car insurance quotes from AIG Insurance, Safeco, and a few others for my BMW and saved just over $90 a year. Was with AIG Insurance.

  5. Whitney Holloway

    Nice post. I live just outside Bellevue, NE. Got quotes with American Family, Nationwide, and a few others for my 2017 BMW 2 Series and I’m now saving $19 a month. Insured with Progressive before. Are quotes cheaper online? I’m thinking about dropping full coverage though.

  6. Alden Whitehead

    I live just to the east of Las Vegas, NV. I got free quotes from AIG Insurance, Safeco, and USAA for my 2 Series and saved just over $80 a year. I don’t have comp or collision coverage.

  7. Kris Delacruz

    Found cheapest coverage with State Farm for my 2017 BMW 2 Series and saved about $100 a year. Was with Liberty Mutual. I’m a pretty low risk driver. Not sure about claim service. My 2017 BMW 2 Series doesn’t have full coverage.

  8. Harrison Harrell

    Is State Farm or Esurance cheap in Charleston, SC?

  9. Vincent Trujillo

    I’m in San Diego, California, and Allstate rates were affordable. Good multi-policy discounts. Hardly afford to drive anymore.

  10. Bradford Anderson

    Good site, thanks. Located in Detroit, MI. I compared lots of rates. Saved right around $20 a month. Allstate was the cheapest option for me. Left American Family to switch. I’m a pretty low risk driver.

  11. Nola Mullen

    I live in Great Falls, MT. Received quotes from State Farm, Eastwood, and Liberty Mutual for my 2 Series and saved just over $110 a year. Only insure liability on my 2017 BMW 2 Series.

  12. Jude Weeks

    I live on the north side of Tampa, FL. Quoted prices online for a 2 Series. Ended up at about $120 savings annually. Went with Allstate. Insured with Esurance before. Hopefully won’t need it.

  13. Nettie Hancock

    FYI in Las Vegas, NV try State Farm. I got a good deal.

  14. Kayleigh Stone

    Does Allstate use ACV or replacement cost?

  15. Marine Mcguire

    If you’re a decent driver and live near Rochester, MN, check out State Farm. They seem to be cheaper. Insured with Erie before. Even increased coverage a bit.