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BMW 2 Series Insurance Rates

Finding cheaper auto insurance by getting online quotes can be fast and easy and there is a good chance you might just save a little. The most important part is getting rates from as many companies as possible in order to have the best prices.

If you are a novice to online auto insurance shopping, you can be overwhelmed by the hoards of online auto insurance companies and websites vying for your business. Finding a better price on auto insurance can be relatively painless. Consumers just need to spend a few minutes to get quotes provided by online insurance companies. It is quite easy and can be accomplished by comparing rates here.

Auto insurance rates for your BMW 2 Series can be significantly different depending on several factors. Some of these factors include:

  • A clean driving record keeps rates low
  • Better credit means lower rates
  • Your gender can raise or lower rates
  • Deductible amount directly impacts your rate
  • Safety rating of your 2 Series
  • Claims drive up premiums
  • Having continuous coverage saves you money
  • Whether you own your home

A final factor which can affect 2 Series insurance rates is the model year. Newer models have a higher actual cash value in comparison to later models so the cost to replace them may end up costing you more. Although newer models may have a trim level with safety features included like pedestrian detection, dual-stage airbags, a rollover prevention system, and automatic crash notification that may help lower rates.

To get a better understanding how rates are influenced for your specific model year, select the year of your vehicle below.

Liability - This coverage protects you from damage that occurs to other's property or people that is your fault. Liability coverage protects against things like legal defense fees, bail bonds, and repair bills for other people's vehicles. Coverage is generally pretty cheap so consider buying as large an amount as possible.

Collision coverages - This pays for damage to your BMW resulting from colliding with another car or object. You first must pay a deductible then your collision coverage will kick in. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. You can also bump up the deductible in order to get cheaper 2 Series insurance rates.

Comprehensive or Other Than Collision - Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by your BMW 2 Series comprehensive insurance. The highest amount you'll receive from a claim is the ACV or actual cash value, so if it's not worth much more than your deductible consider dropping full coverage.

Uninsured and underinsured coverage - Your UM/UIM coverage protects you and your vehicle's occupants from other motorists when they do not carry enough liability coverage. Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked.

Medical costs insurance - Med pay and PIP coverage pay for short-term medical expenses (i.e. nursing services, prosthetic devices, and dental work). They are often utilized in addition to your health insurance policy or if you are not covered by health insurance. Personal Injury Protection is not available in all states and gives slightly broader coverage than med pay.

How Much are BMW 2 Series Insurance Rates?