BMW 2 Series insurance group and cost

The BMW 2 Series is a classy coupe that is hugely popular in the UK. In this guide, you’ll find out how much it might cost to insure a BMW 2 Series based on the model version and specific factors relevant to you.

What insurance group does the BMW 2 Series fall under?

When it comes to car insurance, you’ll find every car on the road has been assigned an insurance group. These groups range from 1 (cheapest to insure) to 50 (most expensive), which helps insurers determine the cost of your premium.

BMW 2 Series models can be found in groups ranging from insurance group 20 to 50. That’s a broad range, so the price of your premium will depend on what model and trim you choose.

As an example, a 30-year-old driver in an average postcode could pay around £701 for cover on a BMW 2 Series 218d Modern 2d that is in insurance group 20 or around £2,537 for a BMW 2 Series M2 CS 2d that is in insurance group 50. From this comparison, we can see the impact of premium pricing when one car is in a much higher insurance group.

• How we got these rates

  These rates are based on the average cost of cover for cars in the insurance groups shown, for drivers of different ages with a Newcastle (NE1) postcode, which our research suggests represents an average for insurance rates in the UK. Updated: June 2024 (source: Confused).

BMW 2 Series insurance cost by location

The table above shows the average cost of BMW 2 Series insurance based on insurance groups and driver age. However, there are a lot of other factors that affect the cost of your car insurance, one of the most significant being your location.

To illustrate this fact, here are some average quotes for a 30-year-old living in 3 different locations. The quotes are for a BMW 2 Series 218d SE 2dd.

• Expensive: £1,499 (London SE1)
• Average: £701 (Newcastle NE1)
• Cheap: £721 (Galashiels TD1)

• How we got these rates

  These rates are based on the average cost of cover for cars in the locations shown. Our research suggests SE1 is one of the most expensive locations, NE1 represents an average cost location and TD1 represents one of the cheapest locations. Updated: June 2024 (source: Confused).

Which factors affect my BMW 2 Series insurance rate?

Along with insurance group, here are some of the more important factors that have the biggest impact on your insurance premium costs:

• Engine type and capacity. In general, the bigger the engine, the higher the cost of your insurance. For example, it may cost £1,499 for insurance for a BMW 2 Series 218d SE 2d Step Auto, while you may pay £20,691 for a BMW 2 Series M2 Competition 2d. That’s a £308 difference for the same vehicle with two different engine sizes.
• Driver location. Insurers will use your home address to determine the risk of your car being stolen or involved in an accident, based on previous claims data. If you live in an area where motorists are more likely to make a claim, you’ll have to pay more for your car insurance. As an example, a 30-year-old in central London may pay £1,220 for insurance for a BMW 2 Series 220i M Sport 2d Step Auto, while the same 30-year-old in Newcastle may only pay £585.
• Driver age. The youngest drivers are most likely to make a claim on their car insurance, and that’s why they are charged far more to insure a vehicle. As an example, the average 20-year-old driver in London may pay £4,068 for the BMW 2 Series 218d M Sport 2d, while the average 40-year-old Londoner will only pay £985. As you can see from this example, the average 20-year-old would have to pay almost double to insure a BMW 2 Series.

Other factors that influence the cost of your insurance include:

• Your car’s safety rating score
• The model of your car
• The age of your car
• Your car’s security and any extra anti-theft precautions
• Annual miles driven
• Your credit history and job
• Your marital status
• Your driving history and activity
• Your no-claim discount

How can I save on my BMW 2 Series premium?

Car insurance may be a necessary legal requirement, but that doesn’t mean you should let it leave you with an empty bank account. When hunting for car insurance, you’ll want to find the best deal for a price within your budget. There are plenty of actions you can take to lower the cost of your premium, and we’ve listed them below.

• Reducing your annual mileage. If you can occasionally take a journey by foot or public transport, rather than using your car, it can help to save on your premium.
• Pay annually rather than monthly. Some insurers charge interest on monthly premium payments. You can avoid these extra charges by paying for your car insurance in one annual payment.
• Install extra safety precautions. The safer your car is, the less of a risk it will be for companies to insure. So, by investing in additional safety measures, you’re likely to lower your premium.
• Don’t blindly accept your renewal quote. It’s worth taking the time to search the market for the best possible deal each year. There may be cheaper options out there!

Bottom line

The BMW 2 Series oozes class and you can expect to only pay slightly above the average rate to insure it. No wonder it’s such a popular choice among UK motorists. Better yet, the tips in this guide will help you to reduce your premiums even further.

Frequently asked questions

• What is the top speed of a BMW 2 Series?

  You can expect a BMW 2 Series to reach a top speed of 155 mph, depending on the model version.

• Is the BMW 2 Series safe?

  The BMW 2 Series hasn’t been through the official Euro NCAP crash tests. But the BMW 1 Series, which this vehicle is based on, scored the maximum 5 stars for safety.

• Where can I buy a BMW 2 Series?

  You can buy a BMW 2 Series at any dealership, online seller or second-hand from a current owner.

• Is the BMW 2 Series any good?

  BMW is well-known for offering a quality driving experience, and its 2 Series coupe is no different.

• Where can I find BMW 2 Series car insurance?

  You can compare the costs of BMW 2 Series insurance using any price comparison website.

• Is a BMW 2 Series expensive to insure?

  It depends on the specific model of BMW 2 Series you want to insure. BMW 2 Series models can be found in insurance groups ranging from 20 to 50. So, you could expect to pay a below-average amount to insure some vehicles, but way above average for others.

Written by

Danny Butler

Publisher

Danny is a publisher at Finder specialising in insurance and investing. He previously worked at the global insurer Aon and has appeared in national media giving advice on insurance. Danny holds a BA in International Business from the University of Plymouth and has undying loyalty to his average-poor football team, Portsmouth FC. See full bio

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Danny has written 368 Finder guides across topics including:

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