How Much Does 2018 BMW 2 Series Insurance Cost?

Are you drained from trying to scrape together enough money each month for insurance? You are no different than most other people. You have so many car insurance companies to pick from, and although it’s a good thing to have a choice, lots of choices makes it harder to find a good deal.

It is always a good idea to do rate comparisons periodically because prices are adjusted regularly by insurance companies. Even if you got the lowest quotes for 2 Series coverage last year a different company probably has better rates today. Block out anything you think you know about insurance because you’re going to learn the quickest way to reduce your cost while increasing coverage.

Compare car insurance rates

Cutting your car insurance rates is a great way to save money. The only requirement is to take the time to compare free insurance quotes online from several insurance companies. It’s super easy and can be done by following the guidelines below.

1. The best way to find the lowest comparison rates is to use a rate comparison form like this one (opens in new window). This type of form prevents you from having to do separate quotes for every car insurance company. One quote request gets coverage cost estimates from multiple companies.
2. A more difficult way to obtain and compare quotes online requires you to visit each company’s website and go through the quote process again. For instance, we’ll pretend you are doing a rate comparison from Progressive, Geico and State Farm. You would be required to spend time going to each site individually and repeatedly type in your coverage information, which is not fast way to get rate quotes.

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

3. The last method to comparison shop rate quotes is actually driving to insurance agents’ offices. Comparing rate quotes online makes this process obsolete unless you’re the type of person who wants the professional guidance of a licensed agent. Although you can comparison shop online but still have the advice of a local agent.

You can use whichever method you prefer to find lower rates, just do your best to enter apples-to-apples information for each quote you get. If each company quotes differing limits you can’t possibly determine which rate is truly the best.

Don’t overlook these car insurance discounts

Some providers do not list every possible discount very well, so below is a list some of the best known as well as the least known credits available to bring down your rates.

• Resident Student – Children living away from home attending college and do not have a car may qualify for this discount.
• Bundled Policy Discount – If you insure your home and vehicles with the same insurance company you may earn approximately 10% to 15%.
• Anti-theft System – Vehicles that have factory alarm systems and tracking devices are stolen with less frequency and can earn a small discount on your policy.
• Seat Belt Usage – Drivers who require all occupants to buckle their seat belts could save 15% off the personal injury premium cost.
• Discounts for Federal Employees – Employees or retirees of the government could cut as much as 10% off for 2 Series coverage depending on your company.

One thing to note about discounts is that some credits don’t apply to all coverage premiums. Some only apply to the price of certain insurance coverages like liability and collision coverage. Despite the appearance that having all the discounts means you get insurance for free, it just doesn’t work that way.

To see a list of insurance companies with significant discounts, click here.

When to get professional advice

When it comes to choosing adequate coverage, there really is no one size fits all plan. Coverage needs to be tailored to your specific needs and your policy should reflect that. For instance, these questions can help discover if your situation will benefit from professional help.

• How do I file an SR-22 for a DUI in my state?
• Should I buy additional glass protection?
• Should I sign the liability waiver when renting a car?
• What exactly is covered by my policy?
• Do I need an umbrella policy?
• Am I insured when driving a different vehicle?
• Does insurance cover tools stolen from my truck?
• Am I covered if my car is in a flood?
• Can I get a multi-policy discount for packaging my home and auto coverage?

If you can’t answer these questions, you might consider talking to an insurance agent. To find lower rates from a local agent, complete this form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.

Insurance coverages and their meanings

Knowing the specifics of your policy aids in choosing which coverages you need for your vehicles. The terms used in a policy can be confusing and reading a policy is terribly boring. These are the normal coverages found on most insurance policies.

Coverage for collisions

This pays to fix your vehicle from damage resulting from a collision with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like sideswiping another vehicle, scraping a guard rail, crashing into a building, crashing into a ditch and hitting a parking meter. Paying for collision coverage can be pricey, so consider removing coverage from vehicles that are older. Another option is to raise the deductible to get cheaper collision coverage.

Auto liability insurance

This protects you from damages or injuries you inflict on other’s property or people in an accident. It protects you against claims from other people. It does not cover your injuries or vehicle damage.

Coverage consists of three different limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You commonly see limits of 25/50/25 that translate to a limit of $25,000 per injured person, a total of $50,000 of bodily injury coverage per accident, and property damage coverage for $25,000.

Liability coverage pays for claims like legal defense fees, bail bonds, structural damage and medical services. How much coverage you buy is a personal decision, but consider buying higher limits if possible.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance pay for immediate expenses for X-ray expenses, EMT expenses and surgery. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. Medical payments and PIP cover all 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

Uninsured/Underinsured Motorist coverage

This coverage protects you and your vehicle when other motorists either have no liability insurance or not enough. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Comprehensive coverage

This pays for damage caused by mother nature, theft, vandalism and other events. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage protects against claims like hitting a deer, theft, a broken windshield, fire damage and vandalism. The highest amount you’ll receive from a claim is the market value of your vehicle, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.