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Average BMW 2 Series insurance rates
Released in 2014, the BMW 2 series is a compact coupe that falls in the same category as the Audi A3 and Mercedes CLA Class. This luxury sports coupe is available in both rear and all-wheel drive, putting out between 250 and 335 horsepower depending on your choice of options. While its safety features and crash test ratings could get you auto insurance discounts, coverage could still be expensive.
The average cost for auto insurance on a BMW 2 Series is $238 a month — or $2,856 a year. While this estimate is over $1,500 higher than the national average, your actual cost may be different. This is because there are a number of factors that can influence the price of coverage. Residents of California pay an average of $1,962, whereas those in Iowa pay a much more reasonable $1,058. With so many variables at play, it’s important to get multiple quotes to find out exactly how much you’ll be spending.
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A 2017 BMW 2 Series starts at a base price of $33,150. With the average insurance rate at $2,856 per year, the annual insurance cost–to–base car price ratio is 8.6%.
Monthly insurance rate
Base car price
To determine our estimated cost, we aggregated quotes from insurance companies using this profile:
2017 BMW 2 Series
10,001–15,000 miles driven yearly
No accidents in the past five years
Anti-theft device on vehicle
Driver located in New York
Our estimated price is for basic coverage, which we define as two times the state required minimum and the addition of bodily injury, property damage, uninsured motorist, bodily injury and personal injury protection.
Other factors that can affect your auto insurance rate
BMW 2 Series model year
Amount of coverage you need
Estimated miles you drive in a year
Vehicle’s safety and anti-theft features
Driver’s credit score and location
Driver’s age, marital status and gender
Driving history in the past five years
Whether the driver rents, leases or owns the vehicle
How to compare insurance for the BMW 2 Series
Considering how much you spend on monthly car payments, gas, maintenance bills and other expenses, the cost of auto insurance can be a bit of a shock. While you won’t be able to avoid buying coverage, you can reduce the cost by comparing your options from different providers. There are a few elements you shoulder consider when choosing a policy. Here’s what to look out for:
Price. In order to compare prices accurately, you’ll need to use the same information when getting quotes from providers.
Deductible. Be aware that your deductible amount will likely affect your monthly premiums. Policies with high deductibles usually have lower premiums compared to policies with low deductibles.
Minimum coverage. Almost every state (excluding New Hampshire and Virginia) have mandatory minimum coverage requirements. Before purchasing a policy, ensure your state minimums are met.
Additional coverage. Personal injury protection and medical payments coverage are two of many available forms of additional coverage.
Extras. Some policy features like accident forgiveness or roadside assistance might be included free of charge. Find out what extras are available for free, and which ones you’ll need to pay for.
Restrictions. Before purchasing a policy, find out if there are any restrictions that could lead to denied claims or gaps in coverage.
Manufacturer offer or loyalty discount. Find out if BMW has any partnerships and you might be able to get manufacturer offers or loyalty discounts.
Warranty. Find out what’s covered by your manufacturer or extended warranty to avoid paying for overlapping coverage.
What factors affect car insurance rates for BMW 2 Series?
Providers consider your driving history, state, city and many other variables when calculating your car insurance premiums. With that in mind, one of the most important factors is the actual vehicle you drive. Each make and model has different characteristics that can influence your risk as a driver, performance on the road, passenger safety in the event of an accident and so on. This is why your choice of vehicle can directly influence the cost of car insurance. Here’s how various characteristics of the BMW 2 series could affect your rates.
Body type. The 2 series is a sporty two-door coupe, designed to provide an exciting driving experience wherever you take it. This design may pose a higher risk of accidents and therefore could increase the cost of insurance.
Type of car. Like most BMW vehicles, the 2 series is a luxury performance car. These types of vehicles could cost more to maintain and repair, which may lead to higher premiums.
Theft. Coupes are stolen far less than sedans and other vehicles, which could help reduce the cost of insurance.
Repairs. BMW vehicles are known for their cutting-edge engineering and design. Because of this, the 2 series may require expensive parts and service to repair, which could increase your premiums.
Safety ratings. According to the IIHS, the 2 series was the 2018 top safety pick. This, in conjunction with its great safety features, may help reduce your insurance premiums.
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How do trim packages and extra build options affect insurance cost?
Your cost of car insurance is largely influenced by your chances of filing claims and the cost of paying them out. Since vehicle performance, theft rates, cost of repairs and other variables can vary between vehicles, your make and model can play such a large role in the price you pay for insurance. But beyond vehicle-specific factors, your choice of build options can also affect your risk of filing claims and the costs associated with paying them out. Compared to the standard 2018 BMW 230i Coupe with manual transmission, here’s how various build options might affect your premiums.
Automatic transmission. Available on all four trim options, opting for an automatic transmission could increase insurance rates since they’re more expensive to repair compared to manual transmissions.
xDrive. xDrive is BMW’s all-wheel-drive system that could improve traction and handling. Choosing this option may lead to better auto insurance rates.
“M”. The “M” series includes a more powerful engine and performance tuning, among other features. The increase in price and performance will likely lead to higher insurance premiums.
Cabriolet. The cabriolet is more expensive and overall less safe than the coupe, meaning it will likely cost more to insure.
Driver Assistance Package. This package could make the vehicle safer to operate, which could translate to lower insurance premiums.
M Performance Package. The performance package adds variable sport steering, adaptive M suspension and other features that could improve handling. Adding it may help you save on auto insurance.
Premium Packages. The essential and enhanced premium packages add a number of safety, tech, and visual features. While they will increase the value of the vehicle, the improvement in visibility and control could lead to better rates.
Adaptive headlights. Upgrading your headlights could make it easier for you to see and be seen on the roads. The improved safety may help lower the cost of insurance.
BMW 2 Series money-saving safety features
You could save money on car insurance for your BMW 2 Series if it comes equipped with these safety features.
Surround view camera system
Daytime running lights
Electronic stability control
Rear backup sensors
Lane-departure warning systems
Adaptive cruise control
Does the BMW 2 Series qualify for auto insurance discounts?
Your vehicle may be eligible for various auto insurance discounts depending on which provider you choose. However, the exact discounts you receive may vary depending on location, provider, options, and other factors. Here are a few that should apply to the BMW 2 Series:
According to U.S. News and J.D Power, the 2018 BMW 2 Series holds a 4/5 star rating for reliability, which is above average for vehicles in its class.
While modern versions of the BMW 2 series have only been around since 2014, there have been a couple recalls since production began.
2018. A number of BMW 2 series models were recalled for a software error that could prevent the display from illuminating properly.
2014-2015. Although it is unclear exactly which models were involved, BMW was one of the 19 automakers affected by the Takata Airbag Recall. Over 37 million vehicles produced between 2002 and 2015 were recalled for an airbag inflator issue that could prevent airbags from inflating properly or propelling shrapnel towards passengers when they activate.
Although the BMW 2 series has only been available since 2014, there are very few common complaints. Multiple sources report that this vehicle is generally considered quite reliable and most customer reviews support that sentiment.
BMW 2 Series maintenance
Like most BMW vehicles, the 2 series comes packed with a number of features that provide a balance between comfort and performance. It will likely be subject to more wear and tear than a sedan or family vehicle, but driving it responsibly can help extend its life. While these vehicles don’t require much work to maintain, routine service appointments can ensure that your 2 series performs as intended. Here’s what to expect in term of maintenance, oil change costs, mileage and more.
BMW suggests an oil change every 10,000 miles or 12 months. Depending on how you drive your vehicle, you may want to consider having it changed more often.
An oil change should cost anywhere between $125 and $200, but the price depends on where you have it serviced and how long it’s been since the last oil change.
Newer BMW models come equipped with a Condition Based Servicing system and a Service Interval Indicator. Both of these systems will monitor your vehicle and let you know when parts need replacing and when the vehicle should be brought in for service.
The 2018 230i Coupe (Automatic transmission) gets an average of 28 miles per gallon, with 24 in the city and 35 on the highway.
The 2018 BMW 230i Coupe (Manual transmission) gets an average of 25 miles per gallon, with 21 in the city and 32 on the highway.
The 2018 BMW 230i xDrive gets an average of 27 miles per gallon, with 24 in the city and 33 on the highway.
The 2018 BMW 2 Series comes with a standard four-year/50,000-mile warranty.
Every 10,000 miles or 12 months
Every 20,000 to 40,000 miles
Every 10,000 miles or 12 months
Every 60,000 miles
Every 10,000 miles
Replace them every 60,000 miles
First 30,000 miles then every 60,000 miles after that
Is an extended warranty worth it for the BMW 2 Series?
The 2018 BMW 2 series comes with BMW’s standard four-year/50-000 new vehicle warranty. This covers problems due to defective parts or service and also includes a special corrosion warranty and roadside assistance. The extended warranty is available in multiple terms, allowing you to find protection that suits your needs. The extended warranty includes service by certified BMW technicians, OEM part replacements, mechanical breakdown towing and much more.
Additionally, eligible 2 series vehicles come with BMW Ultimate Care, which is a three-year/36,000-mile complimentary maintenance plan. There are two other extended maintenance plans available for an extra fee.
How safe is the BMW 2 Series?
The BMW 2 series holds near-perfect safety ratings across the board. In fact, it was the IIHS 2018 top safety pick for midsize luxury cars. According to U.S. News and J.D. Power, the car earned 10/10 for safety, along with perfect ratings in every crash test category.
About the BMW 2 Series
The BMW 2 Series model has been around since 2013 and replaced the 1 Series lineup. The 2 Series line offers the lowest price sedan for BMW. The 2017 model was awarded the Top Safety Pick+ by the Insurance Institute for Highway Safety.
Insurance companies determine the insurance cost for a BMW 2 Series based on safety ratings, theft rates, replacement costs and overall damage susceptibility. Insurance rates can change based on a driver’s history and location. BMW shoppers should grab quotes from several insurance companies to find the lowest premium possible before they commit. BMW 2 Series shoppers should also do their research and see if they qualify for insurance discounts with each insurance company.
Compare BMW competitors
Find out what other models BMW has to offer or explore similar options from different manufacturers.
The 2 Series is BMW’s entry-level sports coupe, but with a base price of $38,000, this vehicle comes equipped with a number of great features you’d expect to find on a much higher-end BMW. The standard model boasts over 250 horsepower and is available in multiple configurations including all-wheel drive, cabriolet and more. Your build options, among many other vehicle and driver-specific factors, can affect the cost of coverage. You should compare your options to find out how much auto insurance will cost for your BMW 2 series.
Frequently asked questions about the BMW 2 Series
There is no single best insurance provider for the BMW 2 series. However, you can find the best provider for your situation by getting quotes from multiple sources. This will allow you to secure the coverage and policy features you need at a price that fits your budget.
The BMW 2 series is likely eligible for multiple auto insurance discounts due to its safety features and great crash test ratings. Get quotes from multiple providers and make sure to include all safety features or packages on your vehicle. compare your options to explore different providers, potential discounts and policies tailored to your BMW 2 series.
You can learn more about state minimums here, or you can speak with your provider to find a policy that suits your needs. When shopping around, it’s essential to find a policy that fits into your budget but also fulfills your state’s minimum requirements.
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Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.
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