BMW 2 Series insurance rates
Shedding light on car insurance prices
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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.
Geico. You may recognize Geico from its popular commercials and gecko mascot. This provider offers a wide range of coverage options at competitive prices. Get a quote to find out if you really can save 15%.
State Farm. State Farm is the largest Auto insurance provider in the US, and by no small margin. Best known for its red and white logo, this provider has an assortment of coverage options and one-on-one support.
Liberty Mutual. Established over a century ago, Liberty Mutual has grown to become one of the largest auto insurance providers in the US. It offers a selection of policies with great perks like free roadside assistance.
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:
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.
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.
You could save money on car insurance for your BMW 2 Series if it comes equipped with these safety features.
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.
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.
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.
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.
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.
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.
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%.
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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.
Find out what other models BMW has to offer or explore similar options from different manufacturers.
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