Astonishing but true, a large majority of consumers have bought insurance from the same company for well over three years, and nearly half have never compared rate quotes at all. Most drivers in Pittsburgh could save $700 each year just by getting comparison quotes, but they just don’t understand the amount of money they would save if they switch to a new company.
Really, the only way to get low-cost BMW M2 insurance in Pittsburgh is to regularly compare price quotes from companies that insure vehicles in Pennsylvania.
- Step 1: Read and learn about what coverages are included in your policy and the factors you can control to keep rates low. Many risk factors that are responsible for high rates such as high-risk driving behaviors and a less-than-favorable credit rating can be amended by making lifestyle changes or driving safer.
- Step 2: Get rate quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from one company like Progressive or State Farm, while independent agents can provide price quotes from multiple insurance companies. Click to view companies
- Step 3: Compare the quotes to your current policy premium and see if you can save money. If you can save some money, make sure there is no coverage gap between policies.
An important part of this process is that you use the same coverage limits and deductibles on every quote and and to get prices from every company you can. This ensures the most accurate price comparison and a good representation of prices.
The purpose of this post is to familiarize you with how car insurance works and some tricks to saving. If you have a current car insurance policy, you will be able to save money using this strategy. But Pennsylvania consumers must learn how insurance companies determine premium rates because it varies considerably.
Companies offer money-saving discounts on BMW M2 insurance in Pittsburgh
Insurance is not cheap nor is it fun to buy but there could be significant discounts that can help lower your rates. Certain reductions will be credited when you purchase, but some must be inquired about before you will receive the discount.
- Data Collection Discounts – Drivers who elect to allow their insurance company to study driving habits through the use of a telematics system such as Progressive’s Snapshot and State Farm’s In-Drive could possibly reduce rates if they exhibit good driving behavior.
- Sign Early and Save – Some larger companies provide a discount for switching policies prior to the expiration date on your current M2 insurance policy. It could save around 10% when you buy Pittsburgh auto insurance online.
- Discount for Passive Restraints – Cars that have air bags may earn rate discounts of 25 to 30%.
- Senior Citizens – If you’re over the age of 55, you are able to get better insurance rates.
- Online Discount – A few insurance companies will provide an incentive for buying your policy on the internet.
- Safety Course Discount – Passing a defensive driver course may get you a small discount if you qualify.
Drivers should understand that some of the credits will not apply to the overall cost of the policy. The majority will only reduce individual premiums such as liability and collision coverage. Even though it may seem like adding up those discounts means a free policy, insurance companies wouldn’t stay in business.
A few of the larger companies and their possible discounts are:
- American Family includes discounts for multi-vehicle, mySafetyValet, accident-free, defensive driver, early bird, TimeAway discount, and air bags.
- Nationwide has savings for business or organization, good student, accident-free, family plan, multi-policy, and anti-theft.
- MetLife offers premium reductions for good driver, accident-free, good student, claim-free, multi-policy, and defensive driver.
- 21st Century may have discounts that include driver training, homeowners, student driver, theft prevention, and air bags.
- Farmers Insurance policyholders can earn discounts including homeowner, bundle discounts, early shopping, electronic funds transfer, distant student, youthful driver, and mature driver.
- Allstate has discounts for new car, good student, anti-theft, utility vehicle, early signing, and farm vehicle.
Before buying, ask all companies you are considering which credits you are entitled to. Some discounts may not apply to policies in every state.
Compare free Pittsburgh BMW M2 insurance quotes
To get affordable Pittsburgh auto insurance quotes, there a variety of ways of comparing price quotes from lots of Pennsylvania car insurance companies. One of the best ways to compare BMW M2 insurance prices is to get quotes online.
Doing price comparisons online is so simple that it replaces the need to drive to each insurance agency near you. Quoting BMW M2 insurance online can eliminate the need for a local agent unless you prefer the professional assistance that only an agent can give. However, consumers can price shop your coverage online but have your policy serviced through an agent.
Just keep in mind that obtaining a wide range of quotes helps increase your odds of locating the best rates.
The companies shown below can provide price quotes in Pennsylvania. To get cheap auto insurance in Pennsylvania, we suggest you visit as many as you can to get the best price comparison.
Learn How to Lower Your Insurance Prices
Lots of things are part of the calculation when premium rates are determined. A few of the factors are predictable like your driving record, although some other factors are not as apparent like where you live or how financially stable you are. The best way to find cheaper insurance is to take a look at the factors that help calculate the rates you pay for insurance. When you know what positively or negatively controls the rates you pay, this empowers consumers to make smart changes that will entitle you to lower insurance prices.
Shown below are some of the most common factors used by insurance companies to determine rates.
- Theft deterrents save – Buying a car with an alarm system can save you a little every year. Advanced theft deterrents like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system all help prevent auto theft.
- Responsible drivers pay better costs – Whether or not you get tickets has a big impact on rates. Even a single speeding ticket or other violation could increase your next policy renewal twenty percent or more. Attentive drivers tend to pay less for car insurance as compared to those with violations. Drivers who get license-revoking citations such as reckless driving, hit and run or driving under the influence may find that they have to to submit a SR-22 form with their state’s licensing department in order to continue driving.
- Always keep your insurance in force – Letting your insurance expire is a fast way to increase your rates. Not only will you pay more, not being able to provide proof of insurance may result in fines or a revoked license. You may then be required to file a SR-22 with the Pennsylvania department of motor vehicles.
- Bundle policies and save – The majority of insurance companies give a discount to buyers who have multiple policies with them in the form of a multi-policy discount. The discount can add up to anywhere from five to ten percent in most cases. Even if you already get this discount, you may still want to shop around to guarantee you are still saving the most.
- Men drivers tend to cost more – Over the last 30 years, statistics show that females take fewer risks when driving. However, don’t assume that men are WORSE drivers than women. Both sexes cause at-fault accidents at a similar rate, but the men tend to have higher claims. Men also statistically have more aggressive citations like DUI and reckless driving.
BMW M2 insurance claim data – Insurers analyze claim trends for every vehicle to calculate a rate that offsets possible losses. Vehicles that historically have higher claim amounts or frequency will have higher rates. The table below demonstrates the historical loss data for BMW M2 vehicles.
For each coverage type, the statistical loss for all vehicles, regardless of make or model, is represented as 100. Percentage values below 100 suggest losses that are better than average, while values over 100 point to more frequent losses or tendency to have higher losses.
Insurance Loss Ratings for BMW M2 Vehicles Specific BMW Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury BMW M235 i 2dr 155 277BETTERAVERAGEWORSE
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Auto insurance is available from your local insurance agencies
Some consumers prefer to go talk to an agent and that is not a bad decision A good thing about comparing rate quotes online is you may find cheap auto insurance rates and still have an agent to talk to. Supporting local agencies is definitely important in Pittsburgh.
For easy comparison, once you complete this form (opens in new window), the quote information gets sent to local insurance agents in Pittsburgh who will gladly provide quotes for your business. You won’t need to leave your house since price quotes are sent to your email. It’s the lowest rates and a licensed agent to talk to. If you have a need to compare prices from a specific company, you would need to go to their quote page to submit a rate quote request.
Compare rates from both independent and exclusive auto insurance agents
When searching for a local Pittsburgh insurance agency, it can be helpful to understand the different agency structures and how they operate. Agencies in Pittsburgh can be categorized as either exclusive or independent.
Independent Agencies or Brokers
Agents that choose to be independent are not limited to a single company so they can write business with an assortment of companies and get the cheapest rates. If premiums increase, they simply move the coverage in-house and you don’t have to do anything. If you are comparing auto insurance prices, it’s a good idea to check rates from several independent agencies to get the most accurate price comparison.
Featured below are Pittsburgh independent agencies that can possibly get you competitive price quotes.
Exclusive Insurance Agents
Exclusive agents work for only one company like Allstate and State Farm. Exclusive agents are unable to place coverage with different providers so it’s a take it or leave it situation. They receive a lot of sales training on the products they sell which helps offset the inability to provide other markets.
The following are exclusive agencies in Pittsburgh who can help you get rate quotes.
Choosing an auto insurance agent requires more thought than just the bottom line cost. Any good agent in Pittsburgh should know the answers to these questions.
- If you have an accident, will your rates go up?
- Are claims handled at the agent’s location?
- Are there any discounts that you might be missing?
- If your car is totaled, how to they determine the replacement cost?
- How much can you save by raising your physical damage deductibles?
- Can you get a list of referrals?
- Does the quote include credit and driving reports?
If you get satisfactory answers to all your questions as well as a price you’re happy with, you may have just found an auto insurance agent that is reliable enough to properly service your auto insurance policy.
Car insurance just makes sense
Even though Pittsburgh M2 insurance rates can get expensive, maintaining insurance is required in Pennsylvania but it also protects you in many ways.
- Most states have minimum liability requirements which means state laws require a minimum amount of liability coverage in order to drive the car legally. In Pennsylvania these limits are 15/30/5 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $5,000 of property damage coverage.
- If you have a lien on your M2, almost all lenders will force you to have comprehensive coverage to ensure the loan is repaid in case of a total loss. If you default on your policy, the bank or lender will purchase a policy for your BMW at a more expensive rate and force you to pay the higher premium.
- Car insurance protects not only your BMW M2 but also your financial assets. Insurance will also pay for medical bills for you, your passengers, and anyone else injured in an accident. Liability coverage also covers legal expenses if anyone sues you for causing an accident. If mother nature or an accident damages your car, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.
The benefits of buying car insurance definitely exceed the cost, particularly if you ever have a claim. The average driver in America is overpaying over $830 a year so it’s very important to do a rate comparison every year to make sure the price is not too high.
Cheaper insurance rates are possible
Cost effective BMW M2 insurance is possible on the web in addition to local insurance agencies, so you should be comparing quotes from both to get a complete price analysis. A few companies do not provide online rate quotes and usually these smaller companies provide coverage only through local independent agencies.
While you’re price shopping online, you should never reduce coverage to reduce premium. There are too many instances where consumers will sacrifice full coverage only to regret at claim time that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to buy the best coverage you can find at a price you can afford but still have enough coverage for asset protection.
For more information, take a look at the articles below:
- Speed and Speed Limit FAQ (iihs.org)
- How Much are Auto Insurance Quotes for High School Students in Pittsburgh? (FAQ)
- Who Has the Cheapest Car Insurance Rates for Drivers Under 21 in Pittsburgh? (FAQ)
- Who Has Cheap Pittsburgh Car Insurance for Low Credit Scores? (FAQ)
- Auto Insurance Basics (Insurance Information Institute)
- Choosing a Car for Your Teen (State Farm)
- Distracted Driving (Insurance Information Institute)