Compare 2018 BMW 2 Series Insurance Quotes in 2024

Want better car insurance rates for your BMW 2 Series? Finding lower priced car insurance on the internet may seem to be impossible for people who are new to comparison shopping online. Since there are so many insurers to choose from, how are we expected to be able to compare each option to find the cheapest available price?

How to shop insurance coverage online

There are several ways to compare insurance coverage quotes, but one way is less time-consuming than others. You could spend the better part of a day driving to local insurance agents in your area, or you can stay home and use online quoting to get rate comparisons in just a few minutes.

Many of the larger companies are enrolled in a marketplace where insurance shoppers submit one quote, and each company returns a rated price based on the submitted data. This prevents consumers from doing quotation requests to every company. To participate in this free quote system, enter your zip code here.

One minor caveat to doing it this way is buyers cannot specifically choose which companies to get quotes from. So if you prefer to choose specific insurance companies to request quotes from, we have assembled a list of companies who write insurance coverage in your area. Click to enter zip code.

The approach you take is up to you, just do your best to enter exactly the same information with every price quote. If you compare different data it’s impossible to decipher which rate is best. Just a small difference in insurance coverages or limits may cause a big price difference. And when quoting insurance coverage, remember that comparing more rates from different companies increases your odds of finding lower pricing. Some smaller insurers to not give online rate quotes, so you need to compare rates from them as well.

Auto Insurance Discounts

Auto insurance is not cheap nor is it fun to buy but you may find discounts that many consumers don’t even know exist. A few discounts will be applied at the time of quoting, but a few need to be inquired about before being credited.

• First Accident Forgiveness – This one is not really a discount per se, but some insurance companies will forgive one accident without the usual rate increase as long as you don’t have any claims for a set time period.
• Life Insurance Discount – Auto insurance companies who offer life insurance give a small discount if you purchase some life insurance in addition to your auto policy.
• Use Seat Belts – Forcing all vehicle occupants to use their safety belts can save a little on medical payment and PIP coverage.
• Bundled Policy Discount – If you have multiple policies with one company you could get a discount of at least 10 to 15 percent or more.
• Anti-lock Brake Discount – Cars that have anti-lock braking systems prevent accidents so companies give up to a 10% discount.
• Senior Discount – Mature drivers can get a discount up to 10% on 2 Series insurance.
• Drive Less and Save – Driving less may allow you to get cheaper rates.
• Passive Restraints – Factory air bags or motorized seat belts could see savings up to 30%.
• Onboard Data Collection – Drivers that enable their insurance company to study when and where they use their vehicle by using a telematics device like Allstate’s Drivewise could possibly reduce rates if they have good driving habits.
• Driver’s Ed – Cut your cost by having your teen driver enroll and complete driver’s education as it will make them better drivers and lower rates.

A little disclaimer on discounts, some of the credits will not apply to the entire policy premium. Most cut specific coverage prices like liability and collision coverage. Even though it appears you can get free auto insurance, you aren’t that lucky.

A list of companies and some of their more popular discounts can be read below.

• State Farm policyholders can earn discounts including driver’s education, accident-free, Steer Clear safe driver discount, student away at school, Drive Safe & Save, defensive driving training, and multiple policy.
• GEICO offers discounts for anti-lock brakes, multi-policy, multi-vehicle, defensive driver, federal employee, seat belt use, and daytime running lights.
• Liberty Mutual offers discounts including newly retired, new vehicle discount, hybrid vehicle, new move discount, exclusive group savings, safety features, and preferred payment discount.
• The Hartford includes discounts for vehicle fuel type, bundle, anti-theft, good student, air bag, and driver training.
• MetLife offers premium reductions for claim-free, good driver, accident-free, multi-policy, good student, defensive driver
• Progressive has savings for continuous coverage, multi-vehicle, online quote discount, good student, homeowner, online signing, and multi-policy.

If you want inexpensive auto insurance quotes, ask every insurance company which discounts you qualify for. Some discounts might not apply in your area. To see auto insurance companies who offer online auto insurance quotes, enter your zip code here.

Tailor your insurance coverage to you

When it comes to choosing adequate coverage, there really is not a “best” method to buy coverage. Everyone’s situation is a little different.

Here are some questions about coverages that could help you determine whether you might need professional guidance.

• Why is insurance for a teen driver so high?
• Is my cargo covered for damage or theft?
• Do I have coverage if my license is suspended?
• Do I need medical payments coverage since I have good health insurance?
• Is my 2018 BMW 2 Series covered for smoke damage?
• Why am I required to buy liability insurance?
• Do I need roadside assistance coverage?
• Should I put collision coverage on all my vehicles?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to an insurance agent. To find an agent in your area, fill out your zip code.

Coverage specifics

Learning about specific coverages of your policy aids in choosing the right coverages for your vehicles. Policy terminology can be difficult to understand and reading a policy is terribly boring.

Auto collision coverage

Collision insurance covers damage to your 2 Series resulting from a collision with another car or object. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims like hitting a parking meter, sustaining damage from a pot hole and sideswiping another vehicle. 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 bring the cost down.

Comprehensive auto coverage

This pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as falling objects, hitting a deer, hail damage, a broken windshield and damage from a tornado or hurricane. The highest amount a auto insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

UM/UIM (Uninsured/Underinsured Motorist) coverage

This coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as damage to your BMW 2 Series.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important. Normally the UM/UIM limits are identical to your policy’s liability coverage.

Medical payments and PIP coverage

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills such as rehabilitation expenses, chiropractic care, dental work and funeral costs. They can be used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants in addition to any family member struck as a pedestrian. PIP is not an option in every state and may carry a deductible

Liability insurance

Liability insurance protects you from damage that occurs to other people or property that is your fault. It protects you from legal claims by others. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 that translate to a limit of $50,000 per injured person, $100,000 for the entire accident, and a total limit of $50,000 for damage to vehicles and property. Another option is a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for things like emergency aid, attorney fees and bail bonds. How much coverage you buy is your choice, but it’s cheap coverage so purchase as large an amount as possible.

A fool and his money are soon parted

Insureds switch companies for many reasons like unfair underwriting practices, high rates after DUI convictions, lack of trust in their agent and even high prices. Regardless of your reason, choosing a new company can be pretty painless.

When trying to cut insurance costs, it’s not a good idea to reduce coverage to reduce premium. In too many instances, someone dropped liability limits or collision coverage to discover at claim time that their decision to reduce coverage ended up costing them more. Your goal is to purchase a proper amount of coverage at the best possible price.

We just presented a lot of ways to save on 2018 BMW 2 Series insurance. The most important thing to understand is the more providers you compare, the better likelihood of getting cheap auto insurance. You may be surprised to find that the best premium rates are with a lesser-known regional company.