Cheap BMW 2 Series Car Insurance in 2024(Earn Savings With These 10 Companies!)
For cheap BMW 2 Series car insurance, Allstate, Farmers, and State Farm are the best options, offering monthly rates starting at $105 respectively. These providers excel with comprehensive coverage options, excellent customer service, and specialized policies tailored for BMW 2 Series car insurance needs.
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Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
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UPDATED: Oct 22, 2024
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Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Oct 22, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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17,759 reviewsThe top picks overall for cheap BMW 2 Series car insurance are State Farm, Geico, and Progressive, offering the best rates when considering multiple factors.
These companies excel in providing affordable premiums for luxury sports cars, factoring in the vehicle’s make and model, driving record, and location.
Our Top 10 Company Picks: Cheap BMW 2 Series Car Insurance
Company Rank Monthly Rates A.M. Best Best For Jump to Pros/Cons
#1 $105 A+ Claim Support Allstate
#2 $110 A Personalized Service Farmers
#3 $115 B Local Agents State Farm
#4 $120 A+ Vanishing Deductible Nationwide
#5 $125 A Customizable Policies Liberty Mutual
#6 $130 A++ Military Focus USAA
#7 $135 A++ Online Ease Geico
#8 $145 A Teen Discounts American Family
#9 $150 A+ Usage-Based Progressive
#10 $160 A++ Green Discounts Travelers
By comparing quotes and coverage options from these top providers, BMW 2 Series owners can find the most cost-effective insurance tailored to their specific needs. Researching and selecting the right insurer ensures comprehensive protection without breaking the bank. Enter your ZIP code to start.
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#1 – Allstate: Top Overall Pick
Pros
- Claim Support: Allstate offers strong claim support, ensuring a smooth and efficient claims process for BMW 2 Series owners.
- Wide Coverage Options: With Allstate, customers can choose from a variety of coverage options tailored to their individual needs.
- Multiple Discounts: Allstate provides various discounts that can help customers save on their insurance premiums, making it more affordable.
- User-Friendly Technology: Allstate offers user-friendly technology and tools, such as the mobile app, for easy policy management and claims processing.
- Strong Financial Stability: With an A+ rating from A.M. Best, Allstate demonstrates strong financial stability, giving customers peace of mind about their coverage. Read more through our Allstate insurance reviews.
Cons
- Higher Rates: While Allstate offers comprehensive coverage and strong support, its rates may be higher compared to some other insurers.
- Limited Availability: Allstate’s coverage may not be available in all areas, limiting options for some BMW 2 Series owners.
#2 – Farmers: Best for Personalized Service
Pros
- Personalized Service: Farmers Insurance offers personalized service, ensuring that BMW 2 Series owners receive tailored coverage options and support.
- Strong Customer Satisfaction: Farmers Insurance has a reputation for excellent customer satisfaction, providing peace of mind to policyholders.
- Diverse Coverage Options: With Farmers, customers can choose from a wide range of coverage options to meet their specific needs and budget.
- Discount Opportunities: Farmers offers various discounts, helping customers save on their insurance premiums and make coverage more affordable.
- Local Agents: Farmers’ network of local agents provides personalized assistance and support, making it easy for BMW 2 Series owners to get the coverage they need.
Cons
- Potentially Higher Rates: While Farmers offers personalized service and strong customer satisfaction, its rates may be higher compared to some other insurers. Connect us more through our Farmers insurance reviews.
- Limited Availability: Farmers’ coverage may not be available in all areas, restricting options for some BMW 2 Series owners.
#3 – State Farm: Best for Local Agents
Pros
- Local Agents: State Farm’s network of local agents provides personalized assistance and support, making it easy for BMW 2 Series owners to get the coverage they need. Follow us more through our State Farm insurance reviews.
- Accident Forgiveness: State Farm offers accident forgiveness, which means your rates won’t increase after your first at-fault accident, providing peace of mind and financial stability.
- Wide Range of Coverage Options: State Farm offers a wide range of coverage options, allowing customers to customize their policies to meet their individual needs.
- Multiple Discounts: State Farm provides various discounts that can help customers save on their insurance premiums, making coverage more affordable.
- User-Friendly Technology: State Farm offers user-friendly technology and tools, such as the mobile app, for easy policy management and claims processing.
Cons
- Potentially Higher Rates: While State Farm offers personalized service and a wide range of coverage options, its rates may be higher compared to some other insurers.
- Limited Availability: State Farm’s coverage may not be available in all areas, limiting options for some BMW 2 Series owners.
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#4 – Nationwide: Best for Vanishing Deductible
Pros
- Vanishing Deductible: Nationwide offers a vanishing deductible feature, where deductibles decrease for every year of safe driving, incentivizing responsible behavior.
- A+ Rating: With an A+ rating from A.M. Best, Nationwide demonstrates strong financial stability, assuring customers of reliable coverage.
- Multiple Coverage Options: Nationwide provides a variety of coverage options, allowing BMW 2 Series owners to customize their policies according to their specific needs.
- Discount Opportunities: Nationwide offers various discounts, such as safe driver discounts or bundling discounts, helping customers save on their premiums.
- Nationwide Network: Nationwide’s extensive network of agents ensures personalized service and support for policyholders across the country.
Cons
- Potentially Higher Rates: While Nationwide offers comprehensive coverage and features like vanishing deductible, its rates may be higher compared to some other insurers. Connect us more through our Nationwide insurance reviews.
- Limited Availability: Nationwide’s coverage may not be available in all areas, limiting options for some BMW 2 Series owners.
#5 – Liberty Mutual: Best for Customizable Policies
Pros
- Customizable Policies: Liberty Mutual offers customizable policies, allowing BMW 2 Series owners to tailor their coverage to meet their individual needs and preferences.
- A Rating: With an A rating from A.M. Best, Liberty Mutual demonstrates financial strength and stability, providing peace of mind to policyholders.
- Multiple Discount Options: Liberty Mutual provides various discount opportunities, such as multi-policy discounts or safety feature discounts, helping customers save on their premiums. Visit us more through our Liberty Mutual insurance reviews.
- User-Friendly Technology: Liberty Mutual offers user-friendly online tools and resources for policy management and claims processing, enhancing the overall customer experience.
- Strong Customer Service: Liberty Mutual has a reputation for strong customer service, ensuring that BMW 2 Series owners receive prompt and helpful assistance when needed.
Cons
- Potentially Higher Rates: While Liberty Mutual offers customizable policies and strong customer service, its rates may be higher compared to some other insurers.
- Limited Availability: Liberty Mutual’s coverage may not be available in all areas, limiting options for some BMW 2 Series owners.
#6 –USAA: Best for Military Focus
Pros
- Military Focus: USAA specializes in serving military members and their families, offering unique benefits and discounts tailored to their needs.
- A++ Rating: With an A++ rating from A.M. Best, USAA demonstrates exceptional financial stability and reliability, ensuring that policyholders are well-protected. Read more through our USAA insurance reviews.
- Member Discounts: USAA provides various discounts exclusively for its members, helping military personnel and their families save on their insurance premiums.
- Exceptional Customer Service: USAA is known for its exceptional customer service, providing personalized assistance and support to its members.
- Wide Range of Coverage: USAA offers a wide range of coverage options, including specialized policies for military members, ensuring comprehensive protection for BMW 2 Series owners.
Cons
- Membership Eligibility: USAA membership is limited to military personnel, veterans, and their families, excluding others from accessing its benefits and coverage.
- Limited Availability: USAA’s coverage may not be available to individuals who do not meet the membership criteria, limiting options for BMW 2 Series owners outside of the military community.
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#7 – Geico: Best for Online Ease
Pros
- Online Ease: Geico excels in providing a seamless online experience for purchasing and managing policies, making it convenient for BMW 2 Series owners to access their coverage.
- A++ Rating: With an A++ rating from A.M. Best, Geico demonstrates exceptional financial stability, instilling confidence in customers regarding their insurance provider.
- Discount Opportunities: Geico offers various discounts, such as safe driver discounts or multi-policy discounts, helping customers save on their premiums.
- User-Friendly Mobile App: Geico’s mobile app is user-friendly and feature-rich, allowing policyholders to easily file claims, view policy details, and access roadside assistance on-the-go.
- 24/7 Customer Service: Geico provides 24/7 customer support, ensuring assistance is available whenever BMW 2 Series owners need it. Connect us more through our Geico insurance reviews.
Cons
- Limited Agent Interaction: While Geico’s online ease is a pro for many, some customers may prefer more personalized interaction with agents, which is less emphasized in Geico’s business model.
- Coverage Limitations: Geico’s coverage options may not be as customizable or comprehensive compared to some other insurers, potentially leaving some BMW 2 Series owners seeking additional coverage options elsewhere.
#8 – American Family: Best for Teen Discounts
Pros
- Teen Discounts: American Family offers discounts specifically tailored for teen drivers, which can be beneficial for families with young drivers who own a BMW 2 Series. Follow us more through our American Family insurance reviews.
- A Rating: With an A rating from A.M. Best, American Family demonstrates financial strength and stability, providing peace of mind to policyholders.
- Customizable Policies: American Family offers customizable policies, allowing BMW 2 Series owners to tailor their coverage to meet their individual needs and preferences.
- Local Agent Support: American Family’s network of local agents provides personalized assistance and support, ensuring that policyholders receive the attention they deserve.
- Strong Community Involvement: American Family is known for its community involvement and support, fostering trust and loyalty among its customers.
Cons
- Limited Availability: American Family’s coverage may not be available in all areas, limiting options for some BMW 2 Series owners.
- Potentially Higher Rates: While American Family offers customizable policies and local agent support, its rates may be higher compared to some other insurers, especially considering its focus on teen discounts.
#9 – Progressive: Best for Usage-Based
Pros
- Usage-Based: Progressive offers usage-based insurance programs, such as Snapshot, which allow BMW 2 Series owners to potentially save on premiums by demonstrating safe driving habits.
- A+ Rating: With an A+ rating from A.M. Best, Progressive demonstrates strong financial stability and reliability, providing assurance to policyholders.
- Discount Opportunities: Progressive provides various discounts, such as multi-policy discounts or paperless discounts, helping customers save on their premiums.
- Wide Range of Coverage Options: Progressive offers a wide range of coverage options, allowing BMW 2 Series owners to choose the level of protection that suits their needs.
- Innovative Tools and Technology: Progressive’s online tools and technology, including the mobile app and online quote tool, make it easy for customers to manage their policies and claims. Read more through our Progressive insurance reviews.
Cons
- Potentially Complex Pricing Structure: Progressive’s pricing structure, especially with usage-based programs, may be complex for some customers to understand, potentially leading to confusion.
- Customer Service Concerns: While Progressive offers innovative tools and technology, some customers may have concerns about the quality of customer service compared to more traditional insurers with a stronger focus on agent support.
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#10 – Travelers: Best for Green Discounts
Pros
- Green Discounts: Travelers offers green discounts, incentivizing environmentally-friendly behavior and providing savings for BMW 2 Series owners who prioritize eco-conscious practices.
- A++ Rating: With an A++ rating from A.M. Best, Travelers demonstrates exceptional financial stability, instilling confidence in customers regarding their insurance provider.
- Wide Range of Coverage Options: Travelers provides a comprehensive selection of coverage options, allowing BMW 2 Series owners to customize their policies to suit their individual needs and preferences.
- Discount Opportunities: Travelers offers various discounts, such as safe driver discounts or multi-policy discounts, helping customers save on their premiums.
- Strong Customer Service: Travelers is known for its strong customer service, providing prompt and helpful assistance to policyholders when needed. Connect us more through our Travelers insurance reviews.
Cons
- Potentially Higher Rates: While Travelers offers comprehensive coverage and green discounts, its rates may be higher compared to some other insurers.
- Limited Availability: Travelers’ coverage may not be available in all areas, limiting options for some BMW 2 Series owners.
Understanding the Factors That Affect BMW 2 Series Car Insurance Rates
When assessing BMW 2 Series car insurance expenses, various critical factors come into play. These encompass not only the vehicle’s classification as a luxury sports car but also individual driving records, geographical locations, ages, preferred coverage options, and credit histories.
BMW 2 Series Car Insurance Monthly Rates by Coverage Level & Provider
Insurance Company Minimum Coverage Full Coverage
Allstate $105 $160
American Family $145 $180
Farmers $110 $160
Geico $135 $200
Liberty Mutual $125 $180
Nationwide $120 $170
Progressive $150 $190
State Farm $115 $165
Travelers $160 $200
USAA $130 $190
By understanding and considering these aspects, individuals can better anticipate and regulate insurance costs. However, due to the significant variability in rates among insurance providers, conducting thorough comparisons, such as those found in “Best Car Insurance by Vehicle,” is essential to secure the most suitable and affordable coverage. Enter your ZIP code to start.
The Importance of Researching Car Insurance Options for the BMW 2 Series
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Exploring Different Types of Car Insurance Coverage for the BMW 2 Series
When insuring your BMW 2 Series, it’s crucial to explore the array of coverage options available to ensure comprehensive protection. These options encompass essential coverages like liability, comprehensive, collision, and uninsured/underinsured motorist protection.
Additionally, you can enhance your policy with features such as personal injury protection and rental car reimbursement, offering added peace of mind and convenience in unforeseen circumstances. By carefully selecting the appropriate combination of coverages, you can safeguard your BMW 2 Series effectively while driving.
How Does The BMW 2 Series Model Affect Car Insurance Costs?
Insurance rates for BMW 2 Series models vary based on factors such as the chosen model and included features. High-performance versions like the BMW M2 typically come with higher premiums due to their increased risk profile.
Additionally, customizations and location are key factors in determining the insurance cost for BMW 2 Series vehicles. Features added to the car and varying crime rates in different areas also impact insurance rates. Understanding these factors, along with the different types of car insurance coverage available, is crucial for effectively managing insurance expenses.
Tips for Finding Affordable Car Insurance for Your BMW 2 Series
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Frequently Asked Questions
What factors affect the cost of BMW 2 Series Car insurance?
The cost of BMW 2 Series car insurance can be influenced by several factors, including the driver’s age, location, driving history, coverage options chosen, deductible amount, and the model and year of the BMW 2 Series.
Is Car insurance more expensive for BMW 2 Series compared to other Cars?
Car insurance for BMW 2 Series may be relatively higher compared to some other cars due to factors such as its luxury status, higher repair costs, and potentially higher risk of theft. However, insurance rates can vary depending on individual circumstances and comparisons should be made with specific insurance providers. Enter your ZIP code to start.
Are there any discounts available for BMW 2 Series Car insurance?
Yes, many insurance companies offer various discounts that can help lower the cost of BMW 2 Series car insurance. These discounts may include safe driver discounts, multi-policy discounts, anti-theft device discounts, and good student discounts, among others. It is advisable to inquire with insurance providers about available discounts.
What are the recommended coverage options for BMW 2 Series Car insurance?
While the specific coverage needs may vary for each individual, it is generally recommended to have liability coverage, collision coverage, and comprehensive coverage for BMW 2 Series car insurance. Liability coverage helps protect against damage caused to others, while collision and comprehensive coverage can help cover repair costs for your own vehicle in case of accidents, theft, or other covered incidents.
Can I lower the cost of BMW 2 Series Car insurance?
Yes, there are several ways to potentially lower the cost of BMW 2 Series car insurance. Maintaining a clean driving record, opting for higher deductibles, and taking advantage of available discounts can help reduce premiums. Additionally, comparing quotes from multiple insurance providers can ensure you find the best rate. Enter your ZIP code now.
Which insurance companies offer the best rates for BMW 2 Series Car insurance?
According to the article, Allstate, Farmers, and State Farm are top picks for cheap BMW 2 Series car insurance, offering monthly rates starting at around $120. These companies are known for their comprehensive coverage options and excellent customer service.
How can I find affordable Car insurance for my BMW 2 Series?
To find affordable car insurance for your BMW 2 Series, it is essential to compare quotes from multiple insurance providers. Look for companies that offer discounts for safe driving, multi-policy bundling, and other factors. Additionally, consider adjusting your coverage options and deductible amounts to better fit your budget.
Why is it important to compare Car insurance quotes for the BMW 2 Series?
Comparing car insurance quotes is important because it allows you to find the most cost-effective coverage tailored to your specific needs. Insurance rates can vary significantly between providers, so thorough research and comparison can help you secure comprehensive protection at a competitive price. Enter your ZIP code to begin.
What should I consider when selecting an insurance policy for my BMW 2 Series?
When selecting an insurance policy for your BMW 2 Series, consider factors such as coverage options (liability, comprehensive, collision), deductibles, policy limits, and available discounts. It’s also important to evaluate the insurance company’s reputation, customer service, and claims process.
Does the model of the BMW 2 Series affect insurance rates?
Yes, the model of the BMW 2 Series can affect insurance rates. High-performance versions, such as the BMW M2, typically come with higher premiums due to their increased risk profile. Customizations and additional features can also impact the cost of insurance. Understanding these factors can help you manage your insurance expenses more effectively.
How much is insurance for a BMW 2 Series?
The insurance for a BMW 2 Series can start around $120 per month, depending on factors like your driving record, location, and coverage options. You can also enter your ZIP code below into our free comparison tool to start comparing rates now.
What’s the cheapest BMW to insure?
The cheapest BMW to insure typically varies based on individual factors, but models with fewer performance enhancements and lower market values generally have lower insurance costs. Expand your understanding with our article called “is it cheaper to insure an Audi or BMW?”
What insurance group is BMW 220i?
The BMW 220i typically falls into insurance group 27 to 31, depending on the specific model and year.
Is a BMW 2 series cheap to insure?
The BMW 2 Series is relatively affordable to insure compared to other luxury sports cars, but it is not the cheapest option due to its luxury status and higher repair costs. Start comparing affordable insurance options by entering your ZIP code below into our free quote comparison tool today.
Is the BMW 2 Series a luxury Car?
Yes, the BMW 2 Series is considered a luxury car due to its premium features, performance, and brand reputation. For additional insights, refer to our “How much does BMW 2 Series car insurance cost?”
How long can a BMW 2 Series last?
With proper maintenance, a BMW 2 Series can last over 150,000 miles, and some can even reach 200,000 miles or more.
Is the BMW 2 Series fuel efficient?
Yes, the BMW 2 Series is relatively fuel-efficient for a luxury sports car, with models achieving around 24-32 MPG depending on driving conditions and specific model variants.
What is the cheapest BMW 2 Series?
The cheapest BMW 2 Series model is usually the base 230i, which offers a balance of performance and cost. Gain deeper understanding through our article entitled “How much does BMW i4 car insurance cost?”
Does the BMW 2 Series hold value?
Yes, the BMW 2 Series tends to hold its value well, especially compared to other luxury cars, due to its strong brand reputation and desirability.
Is BMW hard to repair?
BMWs, including the 2 Series, can be more challenging and expensive to repair compared to non-luxury brands due to specialized parts and service requirements.
What is the cheapest BMW to insure?
The cheapest BMW to insure is often one of the lower-end models, such as the BMW 3 Series or the base BMW 1 Series, depending on the specific factors affecting insurance rates. Find out more by reading our article titled “How much does BMW i7 car insurance cost?”
Which BMW is the best value for money?
The BMW 3 Series is often considered the best value for money, offering a balance of performance, luxury, and cost.
Which series BMW is the best?
The best BMW series depends on individual preferences, but the BMW 3 Series is frequently praised for its overall performance, comfort, and value.
How much is the BMW 2 Series?
The price of a new BMW 2 Series starts around $35,000 and can go up depending on the model and additional features. Broaden your knowledge with our article named “How much does BMW i8 car insurance cost?”
Is a BMW Series 2 a Good Car?
Yes, the BMW 2 Series is considered a good car, offering excellent performance, luxury features, and a strong driving experience.
How much does a BMW Series 2 cost?
A BMW Series 2 typically costs between $35,000 to $50,000 for new models, depending on the trim and options selected.
How much is insurance for the BMW X2?
Insurance for the BMW X2 can start around $150 per month, varying based on personal factors such as driving history and location. Explore further with our article entitled “How much does BMW iX car insurance cost?”
Is BMW hard to insure?
BMWs can be more expensive to insure compared to non-luxury brands due to their higher repair costs and increased risk of theft.
Does BMW have its own insurance?
Yes, BMW offers its own insurance through BMW Financial Services, providing coverage options tailored specifically for BMW owners.
Is the BMW 3 Series cheap to insure?
The BMW 3 Series is generally more affordable to insure than other luxury models but may still be more expensive than non-luxury vehicles. Gain insights by reading our article titled “How much does BMW X5 M car insurance cost?”
What are the disadvantages of buying a BMW Car?
Disadvantages include higher repair and maintenance costs, higher insurance premiums, and potential for higher depreciation compared to non-luxury brands.
Is BMW safe for accidents?
Yes, BMWs, including the 2 Series, are known for their high safety standards and typically receive excellent safety ratings in crash tests.
Is BMW a Good Car to own?
Yes, BMWs are good cars to own if you value performance, luxury, and brand prestige, and are willing to manage higher maintenance and repair costs. Deepen your understanding with our article called “How much does BMW X3 M car insurance cost?”
What factors affect the cost of BMW 2 Series Car insurance?
Factors include the driver’s age, location, driving history, coverage options, deductible amount, and the specific model and year of the BMW 2 Series.
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Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
