Cheaper 2018 BMW 2 Series Insurance Rates

Want lower car insurance rates for your BMW 2 Series? Do you think you bought an expensive car insurance policy? Don’t sweat it because you are not the only one feeling buyer’s remorse. Insurance companies such as Allstate, Liberty Mutual and State Farm constantly blast consumers with ad campaigns and it can be hard to ignore the promise of big savings and do the work needed to find the best deal.

You need to do rate comparisons quite often due to the fact that insurance prices are usually higher with each renewal. Even if you think you had the best quotes for 2 Series coverage at your last renewal there may be better deals available now. Forget anything you know (or think you know) about car insurance because you’re about to learn the fastest and easiest way to save money, get proper coverage and the best rates.

If you have a current car insurance policy or need a new policy, you can follow these tips to find better prices while maintaining coverages. Finding affordable coverage is not rocket science. Vehicle owners just need to know the most effective way to buy car insurance online.

Compare quotes for car insurance

Getting a more affordable price on 2018 BMW 2 Series insurance is an easy way to save money. Drivers just need to take the time getting comparison quotes online with multiple companies. This can easily be done using one of these methods.

  • One of the best ways to compare a lot of rates at once would be an industry-wide quote request form click here to open form in new window. This form eliminates the need for separate quotation requests to each individual car insurance company. One simple form gets you price quotes from several companies.
  • A different way to find lower rates is to take the time to go to each individual company website to complete their respective quote request forms. For example, let’s say you want to compare prices for State Farm, GEICO and Progressive. You would need to take the time to go to each site and punch in your information repeatedly, which explains why we recommend starting with the first method.

    For a list of links to companies insuring cars in your area, click here.

  • The most time-consuming way to compare price estimates is actually driving to all the different insurance agencies. Buying insurance online eliminates the need for an insurance agent unless you have a need for the advice and guidance that only an agent can give. You can, however, get the lowest quotes online and have a local agent actually service the policy.

It’s up to you how you get prices quotes, just compare equivalent quote information on every quote. If you have different liability limits it will be very difficult to make a fair rate comparison.

Insurance policy discounts

Some companies do not list every possible discount in an easy-to-find place, so the list below gives a summary of both the well known as well as some of the hidden ways to save on insurance.

  • ABS Braking Discount – Cars, trucks, and SUVs with anti-lock braking systems are safer to drive so companies give up to a 10% discount.
  • Seat Belts Save more than Lives – Requiring all passengers to buckle up before driving can save a little on the medical payments or PIP coverage costs.
  • Accident Waiver – Not really a discount, but a few companies such as GEICO and Liberty Mutual may permit one accident before hitting you with a surcharge as long as you don’t have any claims for a set time period.
  • Clubs and Organizations – Affiliation with a civic or occupational organization is a good way to get lower rates on your next insurance statement.
  • Pay Early and Save – By making one initial payment instead of making monthly payments you could save 5% or more.
  • Paper-free Discount – A few larger online companies will provide an incentive for completing your application on the internet.
  • Anti-theft System – Vehicles that have factory anti-theft systems help deter theft and qualify for as much as a 10% discount.

It’s important to understand that most of the big mark downs will not be given the the whole policy. Most cut individual premiums such as medical payments or collision. So when it seems like you would end up receiving a 100% discount, companies don’t profit that way. But all discounts should help reduce the cost of your policy.

Large insurance companies and some of the premium reductions they offer are shown below.

  • American Family may have discounts that include air bags, good driver, multi-vehicle, Steer into Savings, defensive driver, TimeAway discount, and bundled insurance.
  • Farm Bureau offers premium reductions for safe driver, multi-policy, multi-vehicle, renewal discount, and youthful driver.
  • State Farm may offer discounts for driver’s education, passive restraint, safe vehicle, good driver, and defensive driving training.
  • Travelers has discounts for driver training, multi-policy, multi-car, IntelliDrive, hybrid/electric vehicle, and early quote.
  • The Hartford has savings for defensive driver, good student, anti-theft, driver training, and bundle.
  • GEICO may include discounts for anti-theft, daytime running lights, emergency military deployment, multi-vehicle, membership and employees, and good student.
  • Progressive policyholders can earn discounts including good student, online signing, multi-vehicle, multi-policy, homeowner, and continuous coverage.

When quoting, ask all the companies to apply every possible discount. Some credits may not apply in every state. To see a list of insurers that offer multiple discounts, follow this link.

Decisions you make can impact your insurance costs

Multiple criteria are taken into consideration when you get a price on insurance. Most are fairly basic such as your driving history, but other factors are not as apparent such as your credit history or your vehicle rating.A large part of saving on auto insurance is knowing some of the things that help calculate auto insurance rates. If you have a feel for what influences your rates, this allows you to make good choices that can help you get cheaper rates.

  • Careless drivers pay higher rates – Careful drivers get better rates as compared to careless drivers. Having a single speeding ticket can increase rates substantially. People who have serious citations like DUI, reckless driving or excessive speeding are required to submit a SR-22 or proof of financial responsibility with their state DMV in order to legally drive.
  • Certain occupations raise auto insurance rates – Did you know that where you work can have an impact on rates? Jobs such as military personnel, social workers and accountants generally pay the highest average rates attributed to intense work situations and long work days. On the flip side, professions such as farmers, engineers and performers get better rates for 2 Series coverage.
  • Premiums for men may be higher – Statistics show that men are more aggressive behind the wheel. This data doesn’t prove that men are WORSE drivers than women. They both are responsible for accidents at about the same rate, but men have accidents that have higher claims. In addition to higher claims, males also have more aggressive citations like reckless driving and DUI. Young men ages 16 to 20 cause the most accidents so it costs more to insure them.
  • Insure your auto and home with one company – Lots of insurance companies afford lower prices to buyers that buy multiple policies such as combining an auto and homeowners policy. Even with this discount, it’s still a good idea to check prices from other companies to guarantee you are still saving the most. It’s possible to still find a better deal by insuring with multiple companies.
  • Add-on coverages push up costs – There are a lot of add-on coverages that you can buy when buying auto insurance. Insurance for roadside assistance, better glass coverage, and motor club memberships could be just wasting money. These may sound like a good investment when discussing your needs, but your money might be better spent on other coverage so get rid of them and save.

How do I know if I need professional advice?

When buying proper insurance coverage for your vehicles, there is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. These are some specific questions may help you determine if your insurance needs will benefit from professional help.

  • Who is covered when they drive my 2018 BMW 2 Series?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Should I get collision insurance on every vehicle?
  • Do I really need UM/UIM coverage?
  • Am I covered if my car is in a flood?
  • Should I drop comprehensive coverage on older vehicles?

If you can’t answer these questions, you may need to chat with an insurance agent. To find an agent in your area, simply complete this short form or go to this page to view a list of companies. It only takes a few minutes and can provide invaluable advice.

Auto insurance coverages explained

Knowing the specifics of a auto insurance policy can help you determine appropriate coverage at the best deductibles and correct limits. Auto insurance terms can be impossible to understand and nobody wants to actually read their policy. Shown next are the normal coverages found on most auto insurance policies.

Uninsured/Underinsured Motorist coverage

This provides protection from other drivers when they do not carry enough liability coverage. Covered losses include medical payments for you and your occupants and also any damage incurred to your BMW 2 Series.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Liability insurance

This protects you from damages or injuries you inflict on a person or their property in an accident. It protects YOU against claims from other people, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 50/100/50 that translate to a $50,000 limit per person for injuries, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for claims such as repair costs for stationary objects, attorney fees, bail bonds, legal defense fees and emergency aid. How much coverage you buy is up to you, but you should buy as large an amount as possible.

Collision coverage

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

Collision coverage pays for things like sustaining damage from a pot hole, backing into a parked car and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider dropping it from lower value vehicles. You can also increase the deductible to save money on collision insurance.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses for things like dental work, nursing services and surgery. They are often used to cover expenses not covered by your health insurance policy or if you do not have health coverage. It covers both the driver and occupants and will also cover if you are hit as a while walking down the street. PIP coverage is not universally available and gives slightly broader coverage than med pay

Comprehensive coverage

This coverage covers damage OTHER than collision with another vehicle or object. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against claims like a tree branch falling on your vehicle, fire damage and hitting a deer. The most you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Buy Smart and Save

As you quote insurance coverage, you should never skimp on critical coverages to save a buck or two. There are too many instances where someone dropped physical damage coverage only to discover later that a couple dollars of savings turned into a financial nightmare. The goal is to buy enough coverage at an affordable rate, but do not skimp to save money.

Some companies may not provide online quoting and many times these smaller providers work with independent agencies. Budget-friendly car insurance can be purchased from both online companies as well as from independent agents, and you need to price shop both to have the best chance of lowering rates.

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