Lower Your 2016 BMW 2 Series Car Insurance Cost

Want the cheapest insurance rates for your BMW 2 Series? Cutting costs on insurance is slightly frustrating for beginners to online insurance quotes. You have so many options available that it can easily be a real difficult job to find cheaper rates.

If you currently have a car insurance policy, you will most likely be able to lower your premiums substantially using this information. This information will help you learn the most effective way to quote insurance and some money-saving tips. Although vehicle owners must learn the methods companies use to price online insurance.

How to lower your insurance rates

When buying insurance coverage it’s important to understand some of the factors that play a part in calculating insurance coverage rates. When you know what positively or negatively determines premiums, this empowers consumers to make smart changes that could help you find lower premium levels. Many things are used when you get your auto insurance bill. Some factors are common sense like your driving record, although others are less obvious such as whether you are married or your vehicle rating.

  • Higher deductibles are cheaper – Insurance for physical damage, also called ‘full coverage’, covers your vehicle from damage. Some coverage claims could be a dented fender, collision with an animal, and having your car stolen. Comprehensive and collision coverage deductibles are the amount of money you are required to pay if a covered claim is submitted. The more expense you choose to pay out-of-pocket, the better rate you will receive for 2 Series insurance.
  • Accidents drive up premiums – How you drive impacts your car insurance rates tremendously. Getting just one speeding ticket may increase your cost substantially. Drivers with clean records get better prices than people who have multiple driving citations. Drivers with serious citations like DUI or willful reckless driving may face state-mandated requirements to complete a SR-22 with their state’s department of motor vehicles in order to legally drive.
  • Bundle and save – Some insurers give discounts to buyers who carry more than one policy in the form of a multi-policy discount. This can amount to anywhere from five to ten percent in most cases. Even if you’re getting this discount you still need to comparison shop to make sure you are getting the best deal. You may still save money by buying from different companies
  • Cheaper rates after marriage – Having a significant other may cut your premiums when buying insurance coverage. Having a spouse is viewed as being more responsible it has been statistically shown that married drivers tend to have fewer serious accidents.
  • Higher prices for specific jobs – Did you know your insurance coverage rates can be affected by your occupation? Jobs like fire fighters, business owners and stock brokers tend to have higher rates than the rest of us in part from high stress levels and lots of time spent away from family. On the flip side, careers such as scientists, engineers and the unemployed pay the least for 2 Series insurance.
  • Lower rates for safer cars – Cars with five star safety ratings are cheaper to insure. Highly rated vehicles help reduce the chance of injuries in an accident and reduced instances of injuries means lower claim amounts and thus lower rates. If your BMW is rated at least four stars on Safercar.gov or an “acceptable” rating on iihs.org you may qualify for a discount.
  • With age comes lower prices – More mature drivers have been proven to be more responsible, tend to cause fewer accidents .Beginning drivers are known to be inattentive with other occupants in the car so they pay higher insurance coverage rates.

Find hidden discounts to get affordable auto insurance quotes

Companies offering auto insurance don’t list every discount they offer very clearly, so we break down some of the best known and the harder-to-find auto insurance savings.

  • Safety Restraint Discount – Drivers who require all occupants to buckle up before driving could cut 10% or more off PIP or medical payments premium.
  • Life Insurance Discount – Not all insurance carriers offer life insurance, but some may give you a break if you buy life insurance from them.
  • Military Rewards – Having a deployed family member could trigger a small discount.
  • Discounts for Government Workers – Having worked for a branch of the government could provide a small rate reduction for 2 Series insurance with a few auto insurance companies.
  • New Vehicle Savings – Insuring a vehicle that is new is cheaper since new vehicles have better safety ratings.
  • Passive Restraints – Options like air bags can get savings up to 30%.
  • Resident Student – Youth drivers who live away from home to go to college and don’t have a car could qualify for this discount.
  • Driver’s Ed – Require your teen driver to take driver’s ed class in school.
  • Multi-policy Discount – If you can combine your auto and home policy with one company you will save as much as 10 to 15 percent.
  • Low Miles Discount – Maintaining low annual mileage can earn lower prices due to less chance of an accident.

Just know that some credits don’t apply to all coverage premiums. Most only reduce the cost of specific coverages such as comp or med pay. Just because you may think it’s possible to get free car insurance, it’s just not the way it works. Any qualifying discounts will reduce your overall premium however.

Insurance companies who may offer most of these discounts are:

Double check with all companies you are considering what discounts are available to you. A few discounts might not be offered in your area. To view auto insurance companies that offer the discounts shown above, click this link.

Tailor your car insurance coverage to you

When it comes to buying proper insurance coverage, there really is no best way to insure your cars. Each situation is unique.

For instance, these questions can aid in determining whether or not you may require specific advice.

  • Is my trailer covered?
  • Do I have coverage if my license is suspended?
  • Can my babysitter drive my car?
  • Can I afford to pay high deductible claims out of pocket?
  • Is upholstery damage covered by car insurance?
  • Do I need to file an SR-22 for a DUI in my state?
  • Will my rates increase for filing one claim?
  • What is the minimum liability in my state?

If it’s difficult to answer those questions but you know they apply to you then you might want to talk to a licensed agent. If you don’t have a local agent, fill out this quick form.

Car insurance coverage information

Learning about specific coverages of a insurance policy helps when choosing which coverages you need at the best deductibles and correct limits. Insurance terms can be impossible to understand and nobody wants to actually read their policy.

Liability coverages

Liability insurance will cover injuries or damage you cause to other people or property. This coverage protects you from claims by other people. It does not cover your injuries or vehicle damage.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see policy limits of 25/50/25 which stand for $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Some companies may use one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability insurance covers claims like funeral expenses, bail bonds, legal defense fees, medical expenses and pain and suffering. How much liability coverage do you need? That is your choice, but you should buy higher limits if possible.

Collision coverage protection

This covers damage to your 2 Series resulting from a collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like backing into a parked car, damaging your car on a curb, rolling your car, crashing into a building and sideswiping another vehicle. Collision coverage makes up a good portion of your premium, so consider removing coverage from older vehicles. Another option is to choose a higher deductible in order to get cheaper collision rates.

Comprehensive insurance

Comprehensive insurance coverage will pay to fix damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive can pay for things such as damage from flooding, falling objects, rock chips in glass, a tree branch falling on your vehicle and damage from a tornado or hurricane. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM)

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family and damage to your BMW 2 Series.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is a good idea. Normally these limits do not exceed the liability coverage limits.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for immediate expenses for nursing services, surgery, X-ray expenses and chiropractic care. The coverages can be used in conjunction with a health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants in addition to getting struck while a pedestrian. PIP is only offered in select states but can be used in place of medical payments coverage

Be a penny pincher

When buying insurance coverage, don’t be tempted to buy less coverage just to save a little money. In too many instances, an insured cut comprehensive coverage or liability limits to discover at claim time they didn’t purchase enough coverage. The aim is to buy a smart amount of coverage at the best cost, but don’t skip important coverages to save money.

Cheaper 2016 BMW 2 Series insurance can be found online and from local insurance agents, and you need to comparison shop both to have the best chance of lowering rates. There are still a few companies who may not offer price quotes online and usually these small, regional companies work with independent insurance agencies.

Insureds leave their current company for many reasons like high rates after DUI convictions, high prices, lack of trust in their agent and denial of a claim. No matter why you want to switch, finding a great new company is pretty easy and you might even save some money in the process.

Even more information is located by following these links: