
Car insurance rates for BMW 2 series vehicles can be expensive, but there are ways to lower them. Opting for liability only coverage can often be more cost effective; some providers even offer policies starting as low as $24 a month!
Bundling home and auto insurance together can save money. In addition, certain drivers qualify for discounts due to having an excellent driving record or safety features on their cars.
1. Age
The average BMW M235i car insurance cost depends on several factors, including age of driver, driving record and type of vehicle insured. Younger drivers tend to get into more accidents and may pay higher rates. Furthermore, certain occupations qualify drivers for discounts; insurers offer these savings for members of the military, dentists, college professors and firefighters, which could save between $47-144 annually depending on which policyholder selects it as their occupation of choice.
The BMW 2 Series is a luxury sports coupe featuring rear-wheel drive and can reach 60mph in only 4.6 seconds. Available in various trim levels and configurations - such as convertible versions to take advantage of sunny days - starting price is $36,350 and competes with models such as Audi A4, Genesis G70 and Mercedes-Benz CLA.
MoneyGeek has found that across all model years, the BMW i8 is the most costly to insure out of all 10 BMW models MoneyGeek has examined. This may be attributed to its high MSRP price and horsepower rating which increases theft risk and consequently insurance rates; however drivers can reduce this cost by choosing an earlier year or limiting coverage options.
The BMW 1 Series is one of the least costly BMW models to insure, with an average annual premium of only around $1,255. GEICO and Allied provide policies with affordable premiums while Allstate typically offer more costly policies for this car.
2. Driving Record
Drivers with clean driving records generally pay lower car insurance premiums. Accidents and traffic violations can increase rates dramatically, so make sure to regularly review your history and try to avoid any serious infractions as much as possible.
Save money on car insurance by qualifying for certain discounts. These may include those for having a good credit score, taking defensive driving courses, insuring multiple cars on one policy and low annual mileage. Military personnel, college professors/students/professors, high school teachers/administrators, business owners/operators and doctors/dentists can also receive discounts.
BMW M235i owners should expect average liability-only auto insurance costs to range between $80 and $231 monthly, although these numbers could differ depending on your state and insurer.
Your choice of BMW 2 Series coupe or cabriolet version could have an impactful effect on your insurance premiums. Coupe models are generally safer and less costly to repair than cabriolets, leading to reduced car insurance rates. Furthermore, selecting an option like xDrive which offers better traction and handling can bring additional savings in car insurance premiums.
Other elements that could influence BMW M235i car insurance rates include engine size and horsepower as well as features and options you choose for the vehicle. For instance, choosing one with a turbocharged engine could help improve performance and accelerate acceleration - potentially lowering insurance rates! You might also save by opting for manual transmission instead of an automatic one.
3. Vehicle Type
Your vehicle's make and model play an integral role in its insurance cost, since claims filing chances and payout costs vary based on factors like theft rates and repair expenses.
BMW cars are renowned luxury models, boasting innovative technologies that help prevent accidents. However, BMWs tend to be costly repairs or replacements; therefore their insurance rates tend to be more costly than comparable vehicles.
If you're shopping for a BMW, get quotes from various insurance providers to determine how much it will cost to insure. Also research any discounts available so that you may save on premium costs - these may include having a clean driving record, insuring both home and car with one company, taking defensive driving courses or having low annual mileage as examples of where discounts could apply.
The average BMW M235i car insurance premium costs approximately $1,582 annually with full coverage - about three dollars higher than the national average for small luxury cars and about $132 a month.
To determine whether you can save money with BMW M235i car insurance rates, compare it with the average rates for small luxury cars such as Mercedes-Benz C300, Volvo S60, Acura TLX and Audi A4.
The BMW M235i is a luxury sports coupe equipped with cutting-edge technologies and features, and boasts excellent gas mileage. If you're in the market for a new vehicle, however, it is crucial that you carefully evaluate all aspects of each model so you can make an informed decision that meets both your budget and needs.
4. Insurance Company
BMW 2 series drivers need to keep in mind when calculating car insurance premiums; other factors also play a big part. Your choice of insurance provider and how much they charge may have an effect on how much monthly premium you must pay to cover their vehicle.
MoneyGeek advises searching around with various providers to secure quotes tailored specifically to your vehicle and driving history - this can save hundreds each year on car insurance premiums! Some top insurers for BMW 2 Series drivers include GEICO, Progressive and Allstate.
To reduce the BMW M235i insurance rates, it's essential to obey traffic laws and avoid tickets or accidents. Even one violation could increase your rates by hundreds of dollars annually; drivers with multiple serious offenses could see up to an additional cost of $1,200 annually in increased premiums.
Location can have an enormous effect on car insurance rates. Insurance costs differ depending on where you reside; to get an idea of the options available in your state and learn about factors influencing them by visiting MoneyGeek's state pages.
The BMW M235i is an enjoyable luxury sports coupe with plenty of power and amenities, perfect for drivers on a tight budget looking for an accessible luxury car. Powered by a 6-cylinder engine with 320 horsepower mated to an automatic transmission that drives all four wheels, the M235i offers drivers who crave premium car driving an incredible driving experience without breaking their budgets an excellent option.
5. Credit Score
An BMW M235i's car insurance rate depends on multiple factors, including its driver's age, driving record and location. Furthermore, factors like its make and model as well as any relevant state differences such as required coverage types could impact its cost significantly - all these variables play a part in influencing its cost averages; it is therefore wise to obtain quotes from multiple providers when looking for insurance rates on an M235i.
MoneyGeek research showed that BMW drivers pay an average annual insurance premium of $1,769. GEICO provides the cheapest policies while Progressive and Allstate have more costly policies for BMW drivers. Unfortunately these prices don't take into account discounts that could decrease overall costs of policies.
The BMW 2 series is an inexpensive luxury small car, though its high-performance features may increase insurance costs. As such, it is wise to invest in comprehensive coverage that includes liability protection in case any injuries or property damage occurs from driver negligence, collision coverage which reimburses repair bills in case your vehicle collides with another car in an accident, as well as optional uninsured motorist coverage.
Many consumers don't realize when purchasing a new car that their choice can have an enormous effect on the price of car insurance premiums, particularly with luxury models like BMW 2 Series which tend to attract higher premiums than other vehicles. By understanding how these rates are determined you can make more informed decisions regarding your purchase decision.