How Much Does 2015 BMW 2 Series Insurance Cost?

Searching for better car insurance rates for your BMW 2 Series? Having to pay for pricey car insurance can overdraw your checking account and force you to cut corners elsewhere.

Insurance companies such as State Farm, Allstate, Geico and Progressive constantly blast consumers with ad campaigns and it is difficult to ignore the promise of big savings and take the time to shop coverage around.

Consumers need to do price comparisons occasionally because car insurance prices are variable and change quite frequently. If you had the best deal on 2 Series coverage on your last policy other companies may now be cheaper. Block out anything you think you know about car insurance because you’re going to get a crash course in the right way to remove unneeded coverages and save money.

The cheapest auto insurance

Shopping for lower auto insurance rates can be a lot of work if you don’t know the easiest way. You can waste a lot of time talking about coverages with agents in your area, or you could use online quoting to achieve your goal.

Most major companies participate in a marketplace where insurance shoppers submit one quote, and every company provides a quote based on that information. This prevents consumers from doing quotation requests for every auto insurance company.

To find out how much you’re overpaying now click here to start a free quote.

The single downside to using this type of system is buyers cannot specifically choose which insurance companies to receive prices from. So if you want to select specific providers to compare prices, we put together a list of low cost auto insurance companies in your area. View list of insurance companies.

The method you choose is up to you, but be sure to compare apples-to-apples deductibles and coverage limits for each comparison quote. If you enter different data it will be nearly impossible to truly determine the lowest rate. Quoting even small variations in insurance coverages or limits could mean much higher rates. And when quoting auto insurance, remember that comparing a large number of companies will increase your chances of finding better pricing. Some regional insurers cannot provide online rate quotes, so it’s necessary to compare prices from them, too.

Car insurance discounts are available to lower your rates

Not too many consumers would say car insurance is affordable, but there are discounts available that could drop your premiums quite a bit. Many of these discounts will be applied automatically when you quote, but some need to be specifically requested before you get the savings.

  • Use Seat Belts – Using a seat belt and requiring all passengers to fasten their seat belts can save a little on medical payment and PIP coverage.
  • Service Members Pay Less – Being on active duty in the military may lower your premium rates slightly.
  • Save with a New Car – Putting coverage on a new car can cost up to 25% less because newer models are generally safer.
  • Telematics Discount – Insureds who allow their car insurance company to analyze driving patterns through the use of a telematics system like In-Drive from State Farm and Progressive’s Snapshot may see discounts if their driving habits are good.
  • Professional Memberships – Being a member of specific professional or occupational memberships or organizations could qualify you for a break on your next renewal.
  • Distant College Student Discount – Any of your kids who are attending college and don’t have a car could qualify for this discount.
  • Federal Government Employee – Employees or retirees of the government can save as much as 8% on 2 Series coverage with select insurance companies.
  • Pay Early and Save – By paying your policy upfront rather than spreading payments over time you could save up to 5%.
  • Passive Restraint Discount – Vehicles equipped with air bags could see savings as much as 30%.

Just know that some credits don’t apply to the entire policy premium. A few only apply to individual premiums such as comprehensive or collision. So when the math indicates it’s possible to get free car insurance, that’s just not realistic.

A few of the larger companies and some of the discounts are outlined below.

  • The Hartford offers discounts including vehicle fuel type, driver training, anti-theft, defensive driver, good student, and air bag.
  • American Family may have discounts that include multi-vehicle, Steer into Savings, bundled insurance, early bird, and TimeAway discount.
  • Progressive may offer discounts for continuous coverage, homeowner, multi-policy, online quote discount, and good student.
  • Travelers policyholders can earn discounts including multi-policy, driver training, student away at school, hybrid/electric vehicle, and home ownership.
  • Farmers Insurance may include discounts for teen driver, bundle discounts, youthful driver, early shopping, distant student, and multi-car.
  • USAA includes discounts for vehicle storage, multi-policy, family discount, military installation, annual mileage, and new vehicle.
  • Liberty Mutual discounts include multi-car, exclusive group savings, multi-policy, safety features, new vehicle discount, preferred payment discount, and new graduate.

When getting a coverage quote, ask each insurance company the best way to save money. Discounts might not be offered on policies in your area. If you would like to see a list of insurance companies offering car insurance discounts, click here.

Everyone needs different auto insurance coverages

When buying the best auto insurance coverage, there is no single plan that fits everyone. Everyone’s situation is unique and your policy should reflect that. For instance, these questions may help highlight if your insurance needs might need an agent’s assistance.

  • Does medical payments coverage apply to all occupants?
  • When should I buy a commercial auto policy?
  • Where can I get insurance after a DUI in my state?
  • Is my BMW 2 Series covered if I use it for business?
  • What should my uninsured motorist coverage limits be in my state?
  • What is roadside assistance coverage?
  • Am I better off with higher deductibles on my 2015 BMW 2 Series?
  • Can I drive in Mexico and have coverage?
  • Should I rate my 2015 BMW 2 Series as pleasure use or commute?
  • How can I force my company to pay a claim?

If it’s difficult to answer those questions then you might want to talk to an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of auto insurance companies in your area.

Coverages available on your car insurance policy

Knowing the specifics of your car insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. These are typical coverage types available from car insurance companies.

Comprehensive protection

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive can pay for things like rock chips in glass, a tree branch falling on your vehicle, fire damage and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for immediate expenses such as chiropractic care, surgery and ambulance fees. They are used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers all vehicle occupants as well as if you are hit as a while walking down the street. PIP is not available in all states and gives slightly broader coverage than med pay

Uninsured or underinsured coverage

This coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your BMW 2 Series.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally these coverages are set the same as your liablity limits.

Collision insurance

Collision coverage pays to fix your vehicle from damage resulting 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.

Collision insurance covers things such as rolling your car, crashing into a ditch and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to choose a higher deductible in order to get cheaper collision rates.

Auto liability

Liability insurance protects you from damage or injury you incur to other’s property or people that is your fault. This coverage protects you from legal claims by others, and does not provide coverage for damage to your own property or vehicle.

Liability coverage has 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 limits of 50/100/50 that means you have a limit of $50,000 per injured person, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property. Occasionally you may see a combined limit which limits claims to one amount rather than limiting it on a per person basis.

Liability insurance covers things like repair costs for stationary objects, emergency aid and court costs. How much liability coverage do you need? That is a personal decision, but consider buying as high a limit as you can afford.

Save for a rainy day

When buying insurance coverage, it’s a bad idea to skimp on coverage in order to save money. In many cases, consumers will sacrifice liability coverage limits and found out when filing a claim that the savings was not a smart move. Your goal should be to buy a smart amount of coverage at a price you can afford, but do not skimp to save money.

Cost effective 2015 BMW 2 Series insurance is possible both online in addition to many insurance agents, and you should compare price quotes from both to have the best selection. A few companies do not offer online rate quotes and many times these smaller companies prefer to sell through independent agents.

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