Trying to find low-cost insurance for your BMW M2 in Nebraska can turn out to be difficult, but you can use the following methods to find lower rates. There is a better way to compare car insurance rates and you need to know the absolute fastest way to compare rates on a BMW and find the best price possible from Omaha insurance agents and online providers.
Don’t overlook these six BMW M2 insurance discounts
Auto insurance is not cheap nor is it fun to buy but there may be some discounts that many people don’t even know exist. Some discounts will apply at the time of purchase, but once in a while a discount must be manually applied prior to getting the savings.
- Early Renewal Discounts – A few companies give discounts for renewing your policy early. This discount can save up to 10%.
- Good Grades Discount – Being a good student can earn a discount of 20% or more. Earning this discount can benefit you up to age 25.
- Professional Organizations – Affiliation with a professional or civic organization is a good way to get lower rates when getting a Omaha auto insurance quote.
- Onboard Data Collection – Drivers who elect to allow their auto insurance company to scrutinize where and when they drive by using a telematic data system such as Allstate’s Drivewise and State Farm’s In-Drive system may see discounts as long as they are good drivers.
- Service Members Pay Less – Being deployed in the military could mean lower rates.
- Anti-lock Brakes – Vehicles with anti-lock braking systems can reduce accidents and qualify for as much as a 10% discount.
As is typical with insurance, most credits do not apply to the whole policy. Some only reduce the cost of specific coverages such as comp or med pay. Just because you may think you can get free auto insurance, nobody gets a free ride.
Companies that may include these benefits include:
If you need affordable Omaha auto insurance quotes, ask every insurance company which discounts can lower your rates. Some credits may not apply to policies in your area. To locate companies that offer some of these discounts in Omaha, click this link.
Learn about insurance coverages for a BMW M2
Learning about specific coverages of your policy helps when choosing the right coverages for your vehicles. Insurance terms can be ambiguous and reading a policy is terribly boring. Below you’ll find the normal coverages available from insurance companies.
Uninsured Motorist or Underinsured Motorist insurance – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your BMW M2.
Since a lot of drivers only carry the minimum required liability limits (25/50/25), their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.
Collision – This will pay to fix damage to your M2 resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.
Collision can pay for claims like damaging your car on a curb, hitting a mailbox, backing into a parked car, colliding with another moving vehicle and colliding with a tree. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are older. Another option is to increase the deductible on your M2 to get cheaper collision coverage.
Comprehensive coverage (or Other than Collision) – Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against claims like damage from getting keyed, vandalism and fire damage. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.
Insurance for medical payments – Med pay and PIP coverage pay for expenses like nursing services, ambulance fees, prosthetic devices and chiropractic care. They can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Medical payments and PIP cover not only the driver but also the vehicle occupants and will also cover being hit by a car walking across the street. PIP is not an option in every state and may carry a deductible
Auto liability insurance – Liability coverage can cover damage or injury you incur to people or other property in an accident. Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 25/50/25 that translate to $25,000 bodily injury coverage, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property.
Liability coverage protects against things like pain and suffering, bail bonds, attorney fees, court costs and legal defense fees. How much liability should you purchase? That is your choice, but you should buy as high a limit as you can afford. Nebraska requires drivers to carry at least 25/50/25 but it’s recommended drivers buy more liability than the minimum.
The illustration below shows why buying low liability limits may not be enough.
Ratings for Nebraska auto insurance companies
Ending up with the top auto insurance provider is difficult considering how many different insurance companies sell coverage in Nebraska. The rank data displayed below can help you decide which auto insurance companies to look at when comparing rates.
Top 10 Omaha Car Insurance Companies Overall
- 21st Century
- AAA Insurance
- Liberty Mutual
- Safeco Insurance
- State Farm
- American Family
Top 10 Omaha Car Insurance Companies Ranked by Customer Service
- Mercury Insurance
- State Farm
- Safeco Insurance
- American Family
- Titan Insurance
- Liberty Mutual
A little work can save a LOT of money
As you prepare to switch companies, it’s not a good idea to skimp on critical coverages to save a buck or two. Too many times, consumers will sacrifice physical damage coverage and discovered at claim time they didn’t purchase enough coverage. The aim is to purchase a proper amount of coverage at the lowest possible cost, but don’t skip important coverages to save money.
We just covered many ideas to find cheaper BMW M2 insurance in Omaha. The key concept to understand is the more providers you compare, the more likely it is that you will get a better rate. You may even discover the biggest savings come from a lesser-known regional company. Regional companies may have significantly lower car insurance rates on certain market segments as compared to the big name companies such as State Farm or Progressive.
How to buy affordable BMW M2 insurance in Omaha
If your goal is the lowest price, then the best way to get discount BMW M2 insurance is to compare prices regularly from providers that insure vehicles in Omaha. You can shop around by following these guidelines.
Step 1: It will benefit you to learn about how companies set rates and the things you can change to prevent expensive coverage. Many things that cause high rates such as speeding tickets, careless driving and a less-than-favorable credit rating can be remedied by making minor driving habit or lifestyle changes.
Step 2: Compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from a single company like GEICO or State Farm, while independent agents can provide price quotes for a wide range of companies.
Step 3: Compare the new quotes to the price on your current policy to see if a cheaper price is available. If you find a better price and buy the policy, make sure coverage does not lapse between policies.
The key thing to remember is to use the same liability limits and deductibles on every price quote and and to get prices from as many different companies as possible. Doing this ensures an apples-to-apples comparison and the best price selection.
More information is available at the links below
- Understanding Car Crashes Video (iihs.org)
- How Much is Omaha Auto Insurance for College Students? (FAQ)
- What Car Insurance is Cheapest for Good Students in Omaha? (FAQ)
- Who Has the Cheapest Car Insurance for Police Officers in Omaha? (FAQ)
- Five Mistakes to Avoid (Insurance Information Institute)
- Medical Payments Coverage (Liberty Mutual)