Lower Your 2014 BMW 2 Series Insurance Rates

Want lower auto insurance rates for your BMW 2 Series? Are you intimidated by the number of auto insurance company choices? Many other drivers are as well. There are so many companies to choose from that it can easily become a real hassle to compare prices.

How to Compare Insurance Coverage Costs

The are a couple different ways of comparing price quotes from local insurance coverage companies. The best way to find competitive 2014 BMW 2 Series insurance rates involves getting comparison quotes online. It is quite easy and can be accomplished in a couple of different ways.

  • One of the best ways consumers can analyze rates is an all-inclusive rate comparison like this one (opens in new window). This easy form prevents you from having to do a different quote for each company you want a rate for. Completing one form gets you price quotes from insurance coverage companies with the best prices. Recommended for those who want to invest the least amount of time.
  • A slightly less efficient method to get quotes online is spending the time to visit the website for every company you want to comare to complete their respective quote request forms. For example, we’ll pretend you want to compare rates from Nationwide, Esurance and Geico. You would have to visit each site and enter your policy data, which is why the first method is quicker. For a list of links to companies insuring cars in your area, click here.

Whichever way you use, make absolute certain that you use the exact same coverages for every quote you compare. If you have higher or lower deductibles you will not be able to determine the best price for your BMW 2 Series. Quoting even small variations in coverages can result in a big premium difference. Just remember that getting more free quotes helps locate the best price.

How can Progressive, Geico, Allstate and State Farm save drivers who switch?

Companies like Progressive, Geico, Allstate and State Farm regularly use television and radio advertisements. All the ads say the same thing that you can save if you move your policy. How can each company make the same claim?

Insurance companies can use profiling for the driver that is profitable for them. For example, a driver they prefer might be profiled as between 25 and 40, has no driving citations, and has a short commute. Any driver who fits that profile receives the best rates and as a result will probably pay quite a bit less when switching companies.

Drivers who don’t measure up to these standards will have to pay higher prices and ends up with the customer not buying. The ad wording is “people who switch” not “everyone that quotes” save that kind of money. That’s the way companies can truthfully make the claims of big savings.

Because of the profiling, you absolutely need to compare many company’s rates. It’s just too difficult to predict the company that will fit your personal profile best.

Lots of discounts mean lots of savings

The price of auto insurance can be rather high, but you may find discounts to help bring down the price. Some trigger automatically when you complete an application, but some must be asked for before being credited.

  • Safety Course Discount – Taking part in a driver safety course could save 5% or more depending on where you live.
  • Memberships – Affiliation with a civic or occupational organization is a good way to get lower rates on your policy for 2 Series coverage.
  • Discount for Life Insurance – Select insurance companies reward you with better rates if you take out life insurance.
  • Good Student – A discount for being a good student can earn a discount of 20% or more. Earning this discount can benefit you up until you turn 25.
  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems prevent accidents and earn discounts up to 10%.
  • Pay Now and Pay Less – If you pay your entire premium ahead of time instead of paying each month you could save 5% or more.
  • Federal Government Employee – Employees or retirees of the government could cut as much as 10% off for 2 Series coverage with a few insurance coverage companies.
  • Discount for New Cars – Putting insurance coverage on a new car can cost up to 25% less since new cars are generally safer.
  • Passive Restraints and Air Bags – Vehicles equipped with air bags and/or automatic seat belt systems can qualify for discounts of more than 20%.

Drivers should understand that most discounts do not apply to the overall cost of the policy. Some only reduce the price of certain insurance coverages like comprehensive or collision. So when it seems like all the discounts add up to a free policy, you won’t be that lucky. Any amount of discount will bring down your premiums.

Car insurance companies that may have these money-saving discounts include:

Before buying, ask each insurance company how you can save money. Savings might not apply everywhere.

Situations that might require an agent

When buying coverage for your vehicles, there is no perfect coverage plan. Everyone’s situation is unique.

These are some specific questions might point out if you will benefit from professional help.

  • Are split liability limits better than a combined single limit?
  • What is roadside assistance coverage?
  • Am I covered if I hit a deer?
  • I don’t drive much so do I pay less?
  • Are rental cars covered under my policy?
  • How can I find cheaper teen driver insurance?
  • Should I get collision insurance on every vehicle?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to an insurance agent. To find an agent in your area, complete this form.

Car insurance coverages for a BMW 2 Series

Learning about specific coverages of your insurance policy can be of help when determining the best coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and coverage can change by endorsement.

Collision insurance

Collision coverage covers damage to your 2 Series from colliding with an object or car. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things such as crashing into a ditch, colliding with another moving vehicle, driving through your garage door, sustaining damage from a pot hole and colliding with a tree. This coverage can be expensive, so consider removing coverage from vehicles that are older. Another option is to increase the deductible to save money on collision insurance.

Comprehensive coverage

This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers things such as hitting a bird, falling objects, hail damage, damage from getting keyed and hitting a deer. The maximum amount a insurance company will pay at claim time is the actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Liability car insurance

Liability coverage provides protection from damage or injury you incur to people or other property. This coverage protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property. Occasionally you may see a combined single limit or CSL that pays claims from the same limit rather than limiting it on a per person basis.

Liability coverage pays for claims like pain and suffering, legal defense fees, loss of income and funeral expenses. How much liability should you purchase? That is a decision to put some thought into, but you should buy as high a limit as you can afford.

Uninsured/Underinsured Motorist coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists are uninsured or don’t have enough coverage. Covered claims include medical payments for you and your occupants and damage to your BMW 2 Series.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are similar to your liability insurance amounts.

Medical payments coverage and PIP

Coverage for medical payments and/or PIP provide coverage for expenses such as dental work, nursing services and EMT expenses. They can be used in conjunction with a health insurance plan or if you lack health insurance entirely. It covers both the driver and occupants in addition to getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible

More quotes mean more savings

Lower-priced 2014 BMW 2 Series insurance can be bought from both online companies in addition to many insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance coverage companies do not provide you the ability to get quotes online and usually these smaller companies provide coverage only through local independent agents.

When shopping online for insurance coverage, it’s very important that you do not sacrifice coverage to reduce premiums. There have been many situations where consumers will sacrifice comprehensive coverage or liability limits only to regret at claim time they didn’t have enough coverage. The ultimate goal is to purchase plenty of coverage at the best price while still protecting your assets.

People who switch companies do it for a variety of reasons including policy non-renewal, lack of trust in their agent, high rates after DUI convictions and even not issuing a premium refund. Regardless of your reason for switching companies, finding the right insurance coverage provider can be easy and end up saving you some money.

Additional information can be found below: