Gianetta Palmer is a writer, copywriter, and essayist. Her work has appeared in EverydayHealth.com, Healthline, and The Dyrt Magazine. She is the author of Scrunchie-Fried and writes a lot about car insurance in her spare time.

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florid...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jun 17, 2021

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Looking for a new or used BMW 2 Series? And wondering how much it costs to insure by year? We researched average annual insurance costs for each model year and have compiled the results for you below.

BMW 2 Series insurance facts

  • Average full coverage auto insurance premium: $176/month

  • Most affordable companies: Erie ($118/month) & American Family ($125/month)

  • 2 Series car insurance cost vs. average rate: $23 less expensive than the average vehicle

Explore the pricing information below to find how much it will cost you to insure your BMW 2 Series by model year and auto insurer.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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Below average BMW 2 Series insurer costs by state:

Risk factors affecting BMW 2 Series coverage rates

The make and model of your vehicle, along with the year of manufacture, are the three most important factors in determining your car’s value, which in turn is the main factor in determining your car insurance premium. Your own personal driving history, age, marital status, credit scoretype of vehicle, coverage levels, and other personal factors are also important components of your rate.

How to save money on BMW 2 Series insurance coverage?

Many driver discounts are available to people through most major auto insurance companies, such as

  • Student discounts

  • Safe drivers

  • Senior discounts

With all BMW models, you can get the following discounts:

  • Passive restraint systems

  • Anti-lock brakes

  • Anti-theft devices

BMW Luxury Automobile Brand

BMW is a German automobile manufacturer and owner of the MINI brand, producing luxury vehicles for the United States and other international markets. The target market of BMW is the affluent class of modern urban consumers. All BMW’s automobiles have high safety ratings, with many of their vehicles getting “Top Safety Pick” and 5-star safety and crash test ratings from the National Highway Traffic Safety Administration (NHTSA). The BMW 3 Series, Z4, and X5 are some of their most popular vehicles.

Higher than average 2 Series repair costs equal higher coverage rates

Many consumers are attracted to the BMW luxury, comfort, safety, and driver-assist technologies, like BMW’s driver assistance system. Automotive parts are not as common as popular vehicles, like the Toyota or Honda. Repairing a BMW is higher than average since repair parts are more expensive and not as available as popular vehicles. For this reason, many BMWs are going to have higher than average car insurance rates to similar vehicles in their class.

Rapid depreciation for BMW 2 Series affecting auto policies

Another factor to consider for BMW’s, is they depreciate rapidly (notably higher-end luxury BMW models), affecting auto insurance rates. As your vehicle’s value goes down each year, your auto policy could go down at each renewal. On the other hand, in an auto accident, you need repair parts that rarely go down in price for all BMW models. This could put you in a difficult situation position since many car insurance companies will subtract depreciation from the amount paid for your insurance claim resulting in a situation where your claim payout doesn’t fully cover your repair cost.

High IIHS and NHTSA safety ratings lower auto rates for drivers

BMW’s are known for their safety ratings, safety features, 5-star crash test ratings, and driver-assist technologies (semiautonomous driving), lowering auto insurance rates for drivers with a good driving record, sometimes getting 20% driver discounts for passive restraints and safety features in BMW models. The BMW 3 series, five series, X3, and X5 are Insurance Institute for Highway Safety (IIHS) “Top Safety Picks,” and the NHTSA consistently gives BMW top safety ratings each year, lowering your car insurance costs.

AutoInsureSavings.org licensed insurance agents to recommend comprehensive and collision coverage, uninsured motorist coverage, and roadside assistance for new Audi automobile owners when buying an insurance policy.

2021 BMW 2 Series

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $2341
Allstate$2126
American Family$1493
Erie$1426
GEICO$1861
Kentucky Farm Bureau$2239
Liberty Mutual$1635
Mercury$2043
Nationwide$2198
Progressive$1740
Safeco$2547
State Farm$1574
Tennessee Farmers$1956
Texas Farm Bureau$1783
The Hanover$2286
Travelers$2164
USAA$1611

Compare all 2021 BMW 2 Series rates

Average Cost to Insure Per Year

$2116

List Price

$35700

Trims Available

230i - 230i xDrive - M240i - M240i xDrive - Engine: turbocharged 2.0-liter four-cylinder with 228 horsepower with advance and passive safety features: BMW Active Driving Assistant, collision avoidance technologies with forward-collision warning, pedestrian detection, low-speed automatic emergency braking, lane-departure warning, blind-spot warning, rear cross-traffic warning, Safety Features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes,Brake Assist, Electronic Stability Control, Traction Control, Blind Spot Monitor, Lane Departure Warning, and Lane Keeping Assist.

2020 BMW 2 Series

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $2254
Allstate$1899
American Family$1406
Erie$1380
GEICO$1726
Kentucky Farm Bureau$2094
Liberty Mutual$1589
Mercury$1864
Nationwide$2040
Progressive$1636
State Farm$1465
Tennessee Farmers$1780
Texas Farm Bureau$1694
The Hanover$2160
Travelers$1964
USAA$1527

Compare all 2020 BMW 2 Series rates

Average Cost to Insure Per Year

$2037

List Price

$35300

Trims Available

230i - 230i xDrive - M240i - M240i xDrive - Engine: turbocharged 2.0-liter four-cylinder with 228 horsepower with advance and passive safety features: BMW Active Driving Assistant, collision avoidance technologies with forward-collision warning, pedestrian detection, low-speed automatic emergency braking, lane-departure warning, blind-spot warning, rear cross-traffic warning, Safety Features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes,Brake Assist, Electronic Stability Control, Traction Control, Blind Spot Monitor, Lane Departure Warning, and Lane Keeping Assist.

2019 BMW 2 Series

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $2245
Allstate$1840
American Family$1394
Erie$1365
GEICO$1652
Kentucky Farm Bureau$2059
Liberty Mutual$1487
Mercury$1765
Nationwide$2046
Progressive$1529
State Farm$1425
Tennessee Farmers$1725
Texas Farm Bureau$1583
The Hanover$2139
Travelers$1931
USAA$1463

Compare all 2019 BMW 2 Series rates

Average Cost to Insure Per Year

$1984

List Price

$35300

Trims Available

230i - 230i xDrive - M240i - M240i xDrive - Engine: turbocharged 2.0-liter four-cylinder with 228 horsepower with advance and passive safety features: BMW Active Driving Assistant, collision avoidance technologies with forward-collision warning, pedestrian detection, low-speed automatic emergency braking, lane-departure warning, blind-spot warning, rear cross-traffic warning, Safety Features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes,Brake Assist, Electronic Stability Control, Traction Control, Blind Spot Monitor. Lane Departure Warning, and Lane Keeping Assist.

2018 BMW 2 Series

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1626
Acuity$ 1626
Allied$ 1462
Allied$ 1462
American Family$ 1826
American Family$ 1826
Country$ 1870
Country$ 1870
Erie$ 1248
Erie$ 1248
Mercury$ 1538
Mercury$ 1538
Nationwide$ 1511
Nationwide$ 1511
Plymouth Rock Insurance$ 1629
Plymouth Rock Insurance$ 1629
Progressive$ 1685
Progressive$ 1685
State Farm$ 1532
State Farm$ 1532
USAA$ 1376
USAA$ 1376
Vermont Mutual$ 1739
Vermont Mutual$ 1739

Compare all 2018 BMW 2 Series rates

Average Cost to Insure Per Year

$ 1896

List Price

$ 34950

Trims Available

230i - 230i xDrive - M240i - M240i xDrive

2017 BMW 2 Series

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1689
Acuity$ 1689
Allied$ 1574
Allied$ 1574
Country$ 1860
Country$ 1860
Erie$ 1231
Erie$ 1231
GEICO$ 1770
GEICO$ 1770
Mercury$ 1735
Mercury$ 1735
Nationwide$ 1597
Nationwide$ 1597
Plymouth Rock Insurance$ 1614
Plymouth Rock Insurance$ 1614
Progressive$ 1702
Progressive$ 1702
State Farm$ 1426
State Farm$ 1426
USAA$ 1401
USAA$ 1401
Vermont Mutual$ 1781
Vermont Mutual$ 1781

Compare all 2017 BMW 2 Series rates

Average Cost to Insure Per Year

$ 2230

List Price

$ 33150

Trims Available

230i - 230i xDrive - M240i - M240i xDrive

2016 BMW 2 Series

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1560
Acuity$ 1560
Allied$ 1535
Allied$ 1535
Erie$ 1092
Erie$ 1092
GEICO$ 1412
GEICO$ 1412
Mercury$ 1523
Mercury$ 1523
Nationwide$ 1491
Nationwide$ 1491
Plymouth Rock Insurance$ 1455
Plymouth Rock Insurance$ 1455
Progressive$ 1500
Progressive$ 1500
State Farm$ 1381
State Farm$ 1381
Tennessee Farmers$ 1472
Tennessee Farmers$ 1472
USAA$ 1241
USAA$ 1241
Vermont Mutual$ 1597
Vermont Mutual$ 1597

Compare all 2016 BMW 2 Series rates

Average Cost to Insure Per Year

$ 1954

List Price

$ 32850

Trims Available

228i - 228i xDrive - M235i - M235i xDrive

2015 BMW 2 Series

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1447
Acuity$ 1447
American Family$ 1560
American Family$ 1560
Erie$ 1106
Erie$ 1106
GEICO$ 1368
GEICO$ 1368
Mercury$ 1556
Mercury$ 1556
Nationwide$ 1573
Nationwide$ 1573
Plymouth Rock Insurance$ 1400
Plymouth Rock Insurance$ 1400
Progressive$ 1586
Progressive$ 1586
State Farm$ 1266
State Farm$ 1266
Tennessee Farmers$ 1456
Tennessee Farmers$ 1456
USAA$ 1275
USAA$ 1275
Vermont Mutual$ 1440
Vermont Mutual$ 1440

Compare all 2015 BMW 2 Series rates

Average Cost to Insure Per Year

$ 2000

List Price

$ 32100

Trims Available

228i - 228i xDrive - M235i - M235i xDrive