2015 BMW 2 Series Car Insurance Cost – 5 Tips to Save

Using the web to shop for insurance can seem complicated if you are a beginner to quoting online. Don’t let that stop you because comparing prices is actually very simple.

Fast and Easy Insurance Quotes

The are a couple different ways to compare quotes from insurance companies in your area. By far the easiest way to find competitive 2015 BMW 2 Series insurance rates is to perform an online rate comparison. This is very easy and can be done using a couple different methods.

  • The most efficient way to get quotes for comparison would be an industry-wide quote request form like this one (opens in new window). This method saves time by eliminating repetitive form submissions to each individual insurance company. Completing one form will get you price quotes from several companies. This is perfect if you don’t have a lot of time.
  • Another way to get comparison quotes requires a visit to the website for each individual company and request a quote. For example, let’s assume you want comparison quotes from Auto-Owners, Geico and GMAC. To get each rate you have to spend time on each company’s site and enter your policy data, which is why the first method is quicker. For a handy list of car insurance company links in your area, click here.

It’s up to you which method you use, but compare exactly the same coverages and limits on every quote you get. If the quotes have higher or lower deductibles you can’t possibly find the best deal for your BMW 2 Series. Having just a slight variation in limits could mean much higher rates. It’s important to know that comparing a large number of companies provides better odds of finding the best offered rates.

Tailor your coverage to you

When buying adequate coverage, there really is no best way to insure your cars. Everyone’s situation is a little different.

Here are some questions about coverages that may help you determine whether you might need an agent’s assistance.

  • How can I force my company to pay a claim?
  • What if I don’t agree with a claim settlement offer?
  • Is my vehicle covered by my employer’s policy when using it for work?
  • What are the financial responsibility laws in my state?
  • Do I need to file an SR-22 for a DUI in my state?
  • Do I need higher collision deductibles?
  • What are the best liability limits?

If you can’t answer these questions, you may need to chat with an insurance agent. If you want to speak to an agent in your area, complete this form.

Detailed coverages of your auto insurance policy

Having a good grasp of a auto insurance policy helps when choosing the right coverages and the correct deductibles and limits. Policy terminology can be ambiguous and coverage can change by endorsement.

Medical expense coverage

Personal Injury Protection (PIP) and medical payments coverage pay for immediate expenses for funeral costs, nursing services, doctor visits and surgery. They are used in conjunction with a health insurance policy or if you do not have health coverage. Coverage applies to all vehicle occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Liability coverage

This will cover damages or injuries you inflict on a person or their property in an accident. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have liability limits of 25/50/25 that translate to a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a total limit of $25,000 for damage to vehicles and property. Another option is one number which is a combined single limit which limits claims to one amount with no separate limits for injury or property damage.

Liability can pay for things such as medical services, loss of income, medical expenses and repair bills for other people’s vehicles. How much coverage you buy is up to you, but it’s cheap coverage so purchase higher limits if possible.

Uninsured or underinsured coverage

This coverage protects you and your vehicle from other drivers when they either have no liability insurance or not enough. This coverage pays for injuries sustained by your vehicle’s occupants and also any damage incurred to your BMW 2 Series.

Because many people have only the minimum liability required by law, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages should not be overlooked. Normally your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Comprehensive protection

This pays to fix your vehicle from 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 can pay for claims like vandalism, a broken windshield and a tree branch falling on your vehicle. The maximum payout you can receive from a comprehensive claim is the cash value of the vehicle, so if the vehicle’s value is low it’s not worth carrying full coverage.

Coverage for collisions

Collision coverage pays for damage to your 2 Series resulting from a collision with another car or object. You first must pay a deductible then your collision coverage will kick in.

Collision insurance covers things such as driving through your garage door, crashing into a ditch and rolling your car. This coverage can be expensive, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. You can also choose a higher deductible in order to get cheaper collision rates.