BMW 2 series Car Insurance: How Much Should You Expect to Pay?

Quick Facts

• A BMW 2 series costs more than most other cars to insure.
• Full coverage for a 2 series usually runs about $231 per month, while liability only car insurance premiums tend to be around $80 a month.
• The most affordable auto insurance company for a 2 series is FirstChicago, who offers liability only coverage for as little as just $30 per month, on average.

2 series Overview

The BMW 2 series is a great car for all budgets, with 2020 models starting at $35,300. With six different trim levels currently available, every driver can find an option to match their style.

We ran through thousands of insurance quotes on Compare.com, and we've found that average BMW 2 series car insurance prices run about $212 a month. But how does that stack up to other similar vehicles out there on the market?

How Much is Car Insurance for a BMW 2 series?

Looking at the table above, you can see that BMW 2 series insurance premiums are higher than average compared to other vehicles. On average, 2 series owners can expect to pay around $80 monthly for liability insurance, and about $231 a month for full coverage, which has comprehensive and collision coverages in addition to liability (check out our guide, "State Minimum vs. Full Coverage", to learn more about these different types of insurance).

When compared to other BMW models, the 2 series is more expensive, with prices more than 10% higher than the rest of the manufacturer's vehicle offerings. However, 2 series coverage runs close to average when compared to other vehicles of a similar body style, with full coverage insurance rates coming in at $54 higher than other cars and liability insurance prices at $3 cheaper.

Compared to all vehicles of any body type, liability only rates are slightly cheaper for a 2 series, but run higher than average for full coverage policies.

Who has the Cheapest Car Insurance for a BMW 2 series?

If you're in the market for a new auto insurance policy for your BMW 2 series, you're probably most interested in which carrier offers the lowest premiums. While costs will typically be pretty different from person to person, the lowest average rates for liability only coverage are sometimes just $24 per month from Hugo. The runner up for cheapest rates is FirstChicago, with insurance policies starting sometimes as low as $30 per month.

CSAA, StateAuto, and TwentyFirstCentury round out the rest of the top 5 list. But just because these five carriers offer the cheapest average rates doesn't necessarily mean they'll give you the best rates for your BMW 2 series.

Insurance companies take many factors into consideration when calculating monthly rates. By getting quotes from a range of auto insurance carriers at once, you can guarantee you're finding the lowest rate.

What Factors Affect Car Insurance Rates for a BMW 2 series?

There are a lot of factors that car insurance companies take a look at to choose how much they charge -- and each company uses a different algorithm, so there's not just one carrier that's the cheapest for every 2 series driver.

The following sections show several variables insurance carriers use to calculate rates:

Vehicle Age

The BMW 2 series has been around for a while, so vehicle age may make a big difference in what you end up paying for car insurance. Typically, it costs more to insure newer cars because they're worth more, but as they get older, insurance costs will gradually decrease.

According to the table above, the BMW 2 series is inline with this trend, as the cheapest models to insure are those that are 2 to 3 years old, while the most expensive models are 2 serieses that are 1 year old or less, on average.

Your Age

Your age is another factor that makes a difference in how much you pay for auto insurance. As you can see above, drivers who are under 24 pay more expensive premiums compared to older drivers. In this case, drivers 18 to 24 pay $27 more than those 25 or older.

Auto insurance prices continue to go lower as you get older, with the cheapest age group for 2 series drivers being 65 years and older.

Your Gender

You may not know, but insurance is normally cheaper for women than it is for men. This is because women are less likely to get into collisions and get speeding tickets, which lowers the chances of an insurance claim. The BMW 2 series follows this convention, and women pay around 14% less than men monthly for car insurance.

Where You Live

You were probably already aware that things like what vehicle you drive and how old you are play a role in your auto insurance rates, but you may not realize that where you live is just as important. Car insurance is regulated at the state level, so prices can change quite a bit from state to state.

For example, the average BMW 2 series owner in New York pays about $240 per month for liability coverage, while the same Californian driver will pay only a quarter of that price, on average. The table referenced above shows average premiums for the top 10 most populous states, just to give you a good idea of how much prices can change across states.

BMW 2 series Car Insurance Discounts

Whatever where you live, how old you are, or which vehicle you drive, using as many discounts as possible when it comes to your car insurance policy is always in your best interest.

Not every auto insurance company will offer the same discounts, but there are a few that are relatively universal. These include things like:

• Vehicle safety discounts for having a vehicle with certain safety features (like air bags or anti-lock brakes) or one with higher safety ratings
• Defensive driving discounts for taking a defensive driving class through a certified school or institution
• Multi-policy discounts for bundling your home and auto policies with the same carrier
• Pay-in-full discounts for agreeing to pay your entire policy premium at once, rather than in monthly installments

But these aren't the only discounts insurance carriers offer to their customers. Sometimes, the best way to get the cheapest rates is by strengthening your overall insurance profile that carriers look at. This includes things like avoiding lapses in coverage, not having recent insurance claims, and driving safely.

Even though you may not have control of every variable car insurance companies take into account to calculate rates (like some of the ones mentioned above), you can influence some of them. Below are just a few of the variables you can use to your favor when it comes to saving money:

Your Driving Record

You've no doubt heard ads from insurance carriers promoting hefty discounts for good drivers. And you're probably not surprised to hear that if you get into a collision or get tickets for speeding, auto insurance premiums will go higher. But you're probably wondering exactly how much these infractions can cost you.

As you can see, accidents will usually cost 2 series drivers more than tickets, but both will cause a significant increase in rates. BMW 2 series drivers with a single ticket will pay an average of $72 monthly, while drivers with one accident on their record pay about $80 every month. Those with multiple kinds of either violation will end up paying even more.

How Much You Drive

Another factor that plays a big role in your car insurance prices is the total distance you drive. Drivers who are on the roads less often have fewer opportunities to get into an accident, so they'll generally end up spending less on insurance. In the above table, you can see that BMW 2 series owners who drive fewer than 2,500 miles each year pay an average of $41 a month for auto insurance, while those who put 10,000 miles or more on their cars pay $71.

If you work from home or drive less often than the average driver, it may be worth getting usage-based or pay-per-mile insurance. With these kinds of policies, you pay a small base rate each month, with your final monthly bill being calculated based on how many miles you drove.

How Do BMW 2 serieses Compare to Other Vehicles?

If you're thinking about making a BMW 2 series your next car, you might be wondering how it compares to other cars. Auto insurance is just one cost that comes with buying a new car, but it's certainly one that's worth taking into consideration.

Visit the table below to see how the BMW 2 series stacks up:

With an MSRP that's less than the going rate for a new vehicle, the BMW 2 series is a great value for any budget. While the national average vehicle MSRP is $46,547, the 2 series has a base price of just $35,300.

But while the purchase price is on the lower end of the spectrum, auto insurance premiums are slightly higher when compared to other vehicles on the market. Liability insurance for a BMW 2 series is around $2 per month more than average, while full coverage is over $50 more monthly.

When it comes to usage, BMW 2 series drivers are much lower than the national average in annual miles driven, with 11,617 miles for all vehicles per year compared to the 2 series's 9,747 a year.

BMW 2 series Car Insurance Costs by Model Year

We've walked through many of the things that can have an impact on what you'll pay for car insurance. If you're in thinking about buying a new car, truck, or SUV and the 2 series is on your wishlist, knowing how much your vehicle will likely cost is extremely valuable as you weigh your choices.

2020 BMW 2 series Car Insurance

The average cost to insure a 2020 BMW 2 series with liability only coverage is $83 a month, while full coverage runs about $235 per month.

We found Mercury offered the lowest policy, with rates sometimes as cheap as $27 a month.

If you want to know just how much your price will be, just enter your ZIP code below and get free quotes in minutes.

2019 BMW 2 series Car Insurance

It costs around $148 monthly for liability or $376 for a full coverage policy for the 2019 2 series.

If you're looking for the lowest possible 2019 BMW 2 series insurance policy, Mercury offered the most affordable policy we found, with rates as cheap as $34 per month.

If you want to know just how much your rate will be, just enter your ZIP code below and get several free quotes in minutes.

2018 BMW 2 series Car Insurance

You can expect full coverage for a 2018 BMW 2 series to run about $204 monthly, while liability only coverage will average around $73 a month.

Looking for the cheapest policy? Clearcover offered liability only coverage for as low as $24 per month.

What will your car insurance price be? Just enter your ZIP code below to get a variety of customized quotes for free.

2017 BMW 2 series Car Insurance

2017 2 series drivers can expect to pay an average of $80 monthly for liability or $226 for full coverage.

With prices as little as $28 per month, Mercury offered the most affordable policy we found for the 2017 BMW 2 series.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get free quotes in minutes.

2016 BMW 2 series Car Insurance

On average, drivers who own a 2016 BMW 2 series can expect to pay $73 to $222 a month for liability only and full coverage auto insurance, respectively.

Clearcover offered the lowest policy we found, with rates as cheap as just $28 monthly.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get several free quotes in minutes.

2015 BMW 2 series Car Insurance

The average cost to insure a 2015 2 series with liability only coverage is $66 per month, while full coverage runs about $235 a month.

Infinity has premiums sometimes as little as $22 per month for the 2015 BMW 2 series.

Want something more accurate than national averages? Just enter your ZIP code below to get lots of free personalized quotes.

2014 BMW 2 series Car Insurance

You can expect full coverage for a 2014 BMW 2 series to run around $186 a month, while liability only coverage will average about $80 monthly.

With rates as low as just $28 per month, SafeAuto offered the cheapest policy we found.

If you're looking for a more exact figure on what you should pay for car insurance for a 2014 BMW 2 series, you can get free quotes in minutes by just entering your ZIP code below.

BMW 2 series Insurance FAQs

Is a BMW 2 series expensive to insure?

The BMW 2 series is relatively expensive to insure compared to the average vehicle. Liability insurance runs an average of $80 monthly, while full coverage will cost you around $231.

How can I get the best price on car insurance for my BMW 2 series?

There's only one way to make sure you're getting the most affordable rates -- regularly shopping around and getting quotes. A good rule of thumb is to get quotes every 6 months or so. Luckily, sites like Compare.com let you compare premiums from a whole bunch of companies at once, meaning you can find the lowest rates (or guarantee you already have the best deal) in just a few minutes.

Does the color of my BMW 2 series affect my insurance rates?

You may have heard the old adage that it costs more to insure a red car, but that's actually not true. There are several factors auto insurance carriers use when they decide how much your policy will be, but the color of your BMW 2 series is not factored into that equation.

Do I need to have insurance before I buy a BMW 2 series?

Before you can legally drive your new (or new to you) 2 series off the dealership lot, you'll need to have a valid insurance policy. As part of the buying process, some dealerships might offer you a car insurance policy, but the best thing to do when buying a an car is to let your auto insurance carrier know beforehand.

What car insurance discounts can I get for my BMW 2 series?

There are a variety of discounts out there when it comes to car insurance. Many of them (like "safe driver discounts" and "multi-vehicle discounts") are more based on you than the car you drive, but if your 2 series has safety features like anti-theft systems, airbags, anti-lock brakes, and other features, it may qualify for certain discounts. The only way to find out which discounts you might get is to contact your insurance company and ask about which discounts they offer.