2014 BMW 2 Series Insurance Cost – 8 Savings Tips

Shoppers have lots of choices when shopping for the best price on BMW 2 Series insurance. They can either spend hours driving around to compare prices or save time using the internet to find the lowest rates. There is a right way and a wrong way to shop for car insurance and we’ll show you the absolute fastest way to price shop coverage for your BMW and locate the lowest price.

Consumers need to do rate comparisons as often as possible because insurance prices fluctuate regularly. Just because you had the lowest price for 2 Series coverage a couple years back other companies may now be cheaper. Ignore everything you know about car insurance because you’re about to find out how to use the internet to buy cheaper car insurance.

If you have insurance now or are shopping for new coverage, you will benefit by learning to cut your premiums and still get good coverage. This information will teach you the best way to quote coverages and some tips to save money. Drivers just need to learn the tricks to compare rates online.

Eight discounts for lower-cost insurance rates

Insurance can be pricey, but you might be missing out on some discounts that you may not even know about. Certain discounts will be applied at the time of quoting, but some may not be applied and must be specifically requested before you will receive the discount. If you are not receiving all the discounts you deserve, you are not getting the best rate possible.

  • Drive Safe and Save – Insureds without accidents can save up to 40% or more on their insurance quote for 2 Series coverage than drivers with accident claims.
  • College Student – Any of your kids who live away from home to go to college and don’t have a car may be insured at a cheaper rate.
  • Government Employee Discount – Being employed by or retired from a federal job may qualify for a discount when you quote insurance for 2 Series coverage with some insurance companies.
  • More Vehicles More Savings – Buying a policy with multiple vehicles on the same insurance policy could earn a price break for each car.
  • Membership in Organizations – Being in qualifying clubs or civic groups could qualify you for a break on your next renewal.
  • Anti-theft System – Cars and trucks equipped with anti-theft or alarm systems are stolen with less frequency and that can save you a little bit as well.
  • Savings for New Vehicles – Insuring a new car may earn a small discount because new vehicles have to meet stringent safety requirements.
  • Bundle and Save – When you combine your auto and homeowners insurance with one company you could earn a discount of nearly 15% which can help you find cheaper insurance.

While discounts sound great, it’s important to understand that some of the credits will not apply to all coverage premiums. The majority will only reduce specific coverage prices like liability, collision or medical payments. So despite the fact that it appears you would end up receiving a 100% discount, companies don’t profit that way.

Car insurance companies that may offer many of the previously listed discounts include:

If you are trying to find affordable insurance quotes, ask each company which discounts they offer. Some discounts may not apply to policyholders in your area. To locate insurers who offer insurance discounts, click here.

Tailor your auto insurance coverage to you

When it comes to buying proper insurance coverage for your vehicles, there is no “perfect” insurance plan. Every situation is different.

These are some specific questions may help you determine whether your personal situation would benefit from an agent’s advice.

  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • How can I get high-risk coverage after a DUI?
  • What vehicles should carry emergency assistance coverage?
  • Do I have any recourse if my insurance company denies a claim?
  • Should I buy only the required minimum liability coverage?
  • What are the best liability limits?
  • Is my cargo covered for damage or theft?
  • Is my vehicle covered by my employer’s policy when using it for work?

If you’re not sure about those questions but one or more may apply to you, you might consider talking to a licensed agent. To find an agent in your area, complete this form. It only takes a few minutes and may give you better protection.

Does auto insurance advertising bend the truth?

Consumers constantly see and hear ads for auto insurance savings from the likes of Geico, State Farm and Progressive. They all advertise claims about saving some big amount if you get a free insurance quote and switch to their company.

How does each company save you money? This is how they do it.

All the different companies offer their best rates for a prospective insured that earns them the most money. For instance, a preferred risk could be a married female, has a clean driving record, and drives a car with an anti-theft system. Any person who matches those parameters receive the lowest rate quotes and have a good chance to save a lot of money.

Potential insureds who cannot meet those standards may be required to pay higher premium rates and this results in the customer buying from someone else. The ad wording is “customers who switch” not “everyone who quotes” save that much when switching. That is how insurance companies can state the savings. This illustrates why you need to do a price quote comparison at every renewal. It’s just not possible to know which auto insurance company will have the lowest rates.

Insurance coverage considerations

Understanding the coverages of your policy can help you determine the best coverages and proper limits and deductibles. The coverage terms in a policy can be ambiguous and nobody wants to actually read their policy.

Comprehensive protection

Comprehensive insurance coverage covers damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for things such as a broken windshield, vandalism, fire damage and rock chips in glass. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low consider dropping full coverage.

Collision protection

This coverage covers damage to your 2 Series caused by collision with another car or object. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things such as driving through your garage door, sustaining damage from a pot hole, crashing into a building, colliding with another moving vehicle and colliding with a tree. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are older. You can also increase the deductible in order to get cheaper collision rates.

Liability car insurance

This protects you from injuries or damage you cause to other people or property that is your fault. This insurance protects YOU against other people’s claims. Liability doesn’t cover damage to your own property or vehicle.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 25/50/25 that means you have a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability insurance covers claims like loss of income, bail bonds and repair bills for other people’s vehicles. How much coverage you buy is your choice, but buy as high a limit as you can afford.

Uninsured or underinsured coverage

This coverage gives you protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your BMW 2 Series.

Due to the fact that many drivers carry very low liability coverage limits, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.

Medical expense coverage

Med pay and PIP coverage pay for bills such as doctor visits, prosthetic devices, EMT expenses and surgery. They can be used to cover expenses not covered by your health insurance program or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not universally available but it provides additional coverages not offered by medical payments coverage

A little work can save a LOT of money

Consumers who switch companies do it for many reasons like unfair underwriting practices, delays in responding to claim requests, poor customer service or even an unsatisfactory settlement offer. Regardless of your reason, choosing a new insurance company is easier than you think.

Cheap 2014 BMW 2 Series insurance is definitely available on the web and from local agencies, and you need to price shop both to get a complete price analysis. Some insurance companies may not have online price quotes and these regional insurance providers work with independent agents.

In this article, we presented a lot of tips how to compare 2014 BMW 2 Series insurance car insurance rates online. The most important thing to understand is the more providers you compare, the higher your chance of finding cheaper insurance. You may be surprised to find that the most savings is with the least-expected company.

To learn more, link through to the resources below: