Best BMW M2 Car Insurance in 2024 (Top 10 Companies Ranked)
For the best BMW M2 car insurance, State Farm, USAA, and Geico offer top coverage with rates starting at $100 per month. These companies stand out for their competitive BMW M2 insurance quotes, providing excellent value and reliable service. Keep reading and learn about BMW M2 car insurance cost factors today.
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Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
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UPDATED: Oct 24, 2024
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UPDATED: Oct 24, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.
Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from top car companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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Secure the best BMW M2 car insurance with top providers State Farm, USAA, and Geico, offering rates starting at $100 per month. State Farm stands out for its competitive rates and comprehensive coverage, making it the top choice overall. These providers offer the best BMW M2 insurance quotes for excellent value and service.
The article also explores options for cheap car insurance for vehicles similar to the BMW M2, comparing rates and coverage. Understanding these alternatives helps you find affordable rates while maintaining quality protection for your BMW M2.
Our Top 10 Company Picks: Best BMW M2 Car Insurance
Company Rank Multi-Vehicle Discount A.M. Best Best For Jump to Pros/Cons
#1 20% B Reliable Service State Farm
#2 10% A++ Military Focus USAA
#3 25% A++ Affordable Rates Geico
#4 12% A+ Usage-based Options Progressive
#5 25% A+ High Satisfaction Amica
#6 10% A+ Competitive Rates Erie
#7 20% A+ Extensive Coverage Nationwide
#8 10% A++ Good Claims Auto-Owners
#9 25% A+ Numerous Discounts Allstate
#10 25% A Wide Coverage Liberty Mutual
Our free online comparison tool above allows you to compare cheap car insurance quotes instantly — just enter your ZIP code to get started.
- State Farm offers the top rates for BMW M2 coverage
- Find cheap car insurance options to save on BMW M2 premiums
- Utilize discounts to lower your BMW M2 insurance costs
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#1 – State Farm: Top Pick Overall
Pros
- Competitive Rates: State Farm offers an average premium of $250 for BMW M2 insurance, which is relatively lower compared to other top insurers. This makes it a cost-effective option for BMW M2 owners seeking affordable coverage. Unlock details in our State Farm car insurance review.
- Comprehensive Coverage Options: State Farm provides extensive coverage options, including collision, comprehensive, and liability coverage tailored for high-performance vehicles like the BMW M2, ensuring comprehensive protection.
- Wide Network of Local Agents: State Farm’s extensive network of local agents allows for personalized insurance solutions and face-to-face consultations, which can be particularly beneficial for BMW M2 owners who prefer in-person interactions for their specialized insurance needs.
Cons
- Limited Discounts for High-End Vehicles: State Farm’s discounts for luxury or high-performance vehicles like the BMW M2 may not be as generous as some competitors, potentially leading to higher overall costs for premium coverage.
- Higher Deductibles for Comprehensive Coverage: The deductibles for comprehensive coverage might be higher with State Farm compared to other insurers, which could result in out-of-pocket expenses for BMW M2 owners in the event of a claim.
#2 – USAA: Best for Military Focus
Pros
- Lowest Premiums: USAA offers the most competitive average premium of $220 for BMW M2 insurance, making it an excellent choice for cost-conscious BMW M2 owners seeking the best value. Learn more in our USAA car insurance review.
- Exceptional Military Discounts: USAA provides substantial discounts for military members, which can significantly lower the already competitive rates for BMW M2 insurance, benefiting eligible individuals.
- Superior Claims Handling: Known for its efficient and customer-focused claims process, USAA ensures that BMW M2 owners experience minimal hassle when filing claims, enhancing the overall insurance experience.
Cons
- Eligibility Restrictions: USAA insurance is exclusively available to military members, veterans, and their families, which limits access for non-military BMW M2 owners who might not qualify for their services.
- Limited Availability of Local Agents: USAA’s primarily online and phone-based service model may lack the localized agent presence found with other insurers, which could be a disadvantage for BMW M2 owners who prefer in-person interactions.
#3 – Geico: Best for Affordable Rates
Pros
- Affordable Premiums: With an average premium of $240 for BMW M2 insurance, Geico provides competitive rates that are accessible for many owners, ensuring good value for comprehensive coverage. Learn more in our Geico car insurance review.
- Extensive Discount Opportunities: Geico offers a variety of discounts, including those for vehicle safety features, which can further reduce the cost of insuring a BMW M2, especially if it’s equipped with advanced safety technology.
- User-Friendly Online Tools: Geico’s online platform is highly user-friendly, allowing BMW M2 owners to easily manage their policies, obtain quotes, and file claims, making the insurance process more convenient.
Cons
- Limited High-End Vehicle Expertise: Geico may not offer the same level of specialized coverage options for high-performance vehicles like the BMW M2 as some other insurers, potentially resulting in less tailored coverage.
- Potential for Higher Rates with Claims: Geico’s rates may increase more significantly after a claim, which could impact the long-term cost of insuring a BMW M2 if claims history is frequent.
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#4 – Progressive: Best for Usage-based Options
Pros
- Flexible Coverage Options: Progressive provides a wide range of coverage options tailored to high-performance vehicles like the BMW M2, allowing owners to customize their policies to meet specific needs.
- Usage-Based Insurance Discounts: Progressive offers usage-based insurance programs that could benefit BMW M2 owners who drive less frequently, potentially lowering premiums based on driving behavior.
- Competitive Pricing: At an average premium of $245, Progressive offers competitive rates for BMW M2 insurance, making it a viable choice for cost-conscious owners looking for quality coverage. Learn more details in our Progressive car insurance review.
Cons
- Higher Premiums for Younger Drivers: Progressive may charge higher premiums for younger drivers, which could be a drawback for younger BMW M2 owners who face increased insurance costs due to their age.
- Complex Policy Options: The extensive range of policy options might be overwhelming for some BMW M2 owners, potentially complicating the process of finding the most suitable coverage.
#5 – Amica: Best for High Satisfaction
Pros
- High Customer Satisfaction: Amica is well-regarded for its customer service and claims satisfaction, providing BMW M2 owners with reliable and responsive support for their insurance needs.
- Bundling Discounts: Amica offers significant discounts for bundling multiple policies, which can be advantageous for BMW M2 owners who also need other types of insurance coverage.
- Comprehensive Coverage: Amica provides extensive coverage options, including high liability limits and additional protections, ensuring thorough coverage for the BMW M2. Learn more details on our page “How do you get an amica mutual car insurance quote online?.”
Cons
- Higher Premiums: With an average premium of $260, Amica’s rates for BMW M2 insurance are on the higher end compared to other insurers, which could be a concern for budget-conscious owners.
- Less Aggressive Discounts for High-End Vehicles: Amica may not offer as many discounts for high-performance or luxury vehicles like the BMW M2 compared to some competitors, impacting overall cost savings.
#6 – Erie: Best for Competitive Rates
Pros
- Competitive Rates: Erie offers a competitive average premium of $230 for BMW M2 insurance, making it a cost-effective choice for owners looking for quality coverage without breaking the bank.
- Excellent Customer Service: As mentioned in our Erie car insurance review, Erie is known for its high-quality customer service, providing BMW M2 owners with prompt and efficient support for their insurance needs.
- Local Agent Availability: Erie’s network of local agents ensures personalized service for BMW M2 owners, allowing for more tailored insurance solutions and easier access to assistance.
Cons
- Limited Discounts for Luxury Vehicles: Erie may offer fewer discounts specifically for luxury or high-performance vehicles like the BMW M2, which could result in higher premiums for those seeking extensive coverage options.
- Regional Limitations: Erie’s availability is limited to certain regions, which might restrict access for BMW M2 owners in areas where Erie does not operate.
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#7 – Nationwide: Best for Extensive Coverage
Pros
- Comprehensive Coverage Options: Nationwide provides a wide array of coverage options, including those tailored to high-performance vehicles like the BMW M2, ensuring that all aspects of the vehicle are covered.
- Discounts for Safety Features: Nationwide offers discounts for advanced safety features, which can be beneficial for BMW M2 owners with high-tech safety systems installed in their vehicles. Check out insurance savings in our complete Nationwide car insurance discount.
- Reliable Claims Processing: Nationwide is known for its reliable claims processing, which can be crucial for BMW M2 owners who may require timely and efficient handling of claims.
Cons
- Higher Average Premiums: With an average premium of $270, Nationwide’s rates for BMW M2 insurance are higher compared to some competitors, which could be a drawback for those seeking lower-cost options.
- Limited Discount Flexibility: Nationwide’s discount offerings may not be as flexible or extensive as those of other insurers, potentially impacting the ability to reduce overall insurance costs for BMW M2 owners.
#8 – Auto-Owners: Best for Good Claims
Pros
- Competitive Pricing: As outlined in our Auto-Owners car insurance review, Auto-Owners offers an average premium of $240 for BMW M2 insurance, providing a balance of affordability and comprehensive coverage.
- Strong Customer Service: Auto-Owners is known for its excellent customer service, ensuring that BMW M2 owners receive timely and effective support for their insurance needs.
- Flexible Coverage Options: Auto-Owners provides a range of coverage options that can be customized for high-performance vehicles like the BMW M2, allowing owners to tailor their policies.
Cons
- Fewer Discounts for Luxury Vehicles: Auto-Owners may not offer as many discounts specifically for luxury or high-performance vehicles like the BMW M2, potentially leading to higher costs.
- Limited Online Tools: Auto-Owners’ online tools and resources may be less advanced compared to other insurers, which could be a disadvantage for BMW M2 owners who prefer digital management of their insurance.
#9 – Allstate: Best for Numerous Discounts
Pros
- Wide Range of Coverage Options: Allstate offers a comprehensive selection of coverage options for BMW M2 owners, including high liability limits and specialized protections for high-performance vehicles. Discover more about offerings in our Allstate car insurance review.
- Discount Opportunities: Allstate provides various discounts, such as those for safe driving and vehicle safety features, which can help reduce insurance costs for BMW M2 owners.
- Strong Financial Strength: Allstate’s robust financial stability ensures reliable coverage and claims payment, providing peace of mind for BMW M2 owners.
Cons
- Higher Average Premiums: At an average premium of $280, Allstate’s rates for BMW M2 insurance are among the highest, which may be a concern for cost-conscious owners.
- Complex Policy Options: The extensive range of policy options available with Allstate might be overwhelming for some BMW M2 owners, making it challenging to select the most suitable coverage.
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#10 – Liberty Mutual: Best for Wide Coverage
Pros
- Customizable Coverage Options: Liberty Mutual offers a variety of customizable coverage options for BMW M2 owners, allowing for a tailored insurance experience that meets specific needs. Learn more in our Liberty Mutual car insurance review.
- Discounts for Safety Features: Liberty Mutual provides discounts for advanced safety features, which can benefit BMW M2 owners with high-tech equipment, helping to lower overall insurance costs.
- Excellent Customer Service: Known for responsive customer service, Liberty Mutual ensures that BMW M2 owners receive the support they need when managing their insurance policies and claims.
Cons
- Higher Premiums: With an average premium of $275, Liberty Mutual’s rates are higher compared to some other insurers, which could be a drawback for BMW M2 owners looking to minimize insurance costs.
- Potential for Increased Rates with Claims: Liberty Mutual may increase premiums more significantly after a claim, which could affect the long-term affordability of BMW M2 insurance.
Are Vehicles Like the BMW M2 Expensive to Insure
Explore how insurance rates for the BMW M2 compare to similar coupe models. By examining the insurance costs for vehicles like the Subaru BRZ, BMW 1 Series, and MINI Hardtop 2 Door, you can gain a clearer picture of what to expect.
BMW M2 Car Insurance Monthly Rates by Coverage Level & Provider
Insurance Company Minimum Coverage Full Coverage
Allstate $140 $280
Amica $125 $260
Auto-Owners $115 $240
Erie $105 $230
Geico $110 $240
Liberty Mutual $135 $275
Nationwide $130 $270
Progressive $115 $245
State Farm $120 $250
USAA $100 $220
Understanding the insurance rates for these comparable coupes can help you make a more informed decision. Consider these average costs as you evaluate your options for the BMW M2. Discover insights in our guide titled, “Compare Comprehensive Car Insurance: Rates, Discounts, & Requirements.”
BMW M2 Car Insurance Monthly Rates by Coverage Type
| Coverage | Rates |
|---|---|
| Comprehensive | $30 |
| Collision | $58 |
| Minimum Coverage | $33 |
| Full Coverage | $133 |
Examine the insurance rates for vehicles similar to the BMW M2 to get a better understanding of potential costs. This comparison includes models like the MINI Cooper, Cadillac ATS Coupe, Subaru BRZ, and more.
BMW M2 Car Insurance Monthly Rates vs. Similar Vehicles
| Vehicle | Rates |
|---|---|
| MINI Cooper | $106 |
| Cadillac ATS Coupe | $132 |
| Subaru BRZ | $111 |
| Audi TT | $138 |
| Chrysler Sebring | $98 |
| Mazda RX-8 | $106 |
| Chevrolet Corvette | $149 |
| Hyundai Veloster | $117 |
These insurance rates for comparable vehicles provide valuable insights into what you might pay for the BMW M2. Use this information to help you navigate your insurance options and find the best coverage for your needs.
What Impacts the Cost of BMW M2 Insurance
The BMW M2 trim and model you choose can impact the total price you will pay for BMW M2 insurance coverage. You can also expect your BMW M2 rates to be affected by where you live, as areas with higher crime rates or traffic congestion often result in higher premiums.
Additionally, your driving history plays a crucial role; a clean record can help lower your rates, while a history of accidents or violations can increase them. In most states, your age and gender are also considered, with younger drivers and male drivers typically facing higher premiums due to statistically higher risk factors.
Premiums can vary significantly between different trims due to differences in performance, safety features, and repair costs.
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Furthermore, your credit score can impact your insurance rates in many states, with better scores often leading to lower premiums. To find out more, explore our guide titled, “Factors That Affect Car Insurance Rates.”
BMW M2 Crash Test Ratings
Crash test ratings are an important factor that can affect the insurance costs for your BMW M2. Below, you can find the crash test results for various BMW M2 models.
BMW M2 Crash Test Ratings
| Vehicle Tested | Overall | Frontal | Side | Rollover |
|---|---|---|---|---|
| 2024 BMW M2 Competition 2 DR RWD | 4 stars | 5 stars | 4 stars | 5 stars |
| 2023 BMW M2 Competition 2 DR RWD | 4 stars | 5 stars | 4 stars | 5 stars |
| 2022 BMW M2 Competition 2 DR RWD | 4 stars | 5 stars | 4 stars | 5 stars |
| 2021 BMW M2 Competition 2 DR RWD | 4 stars | 5 stars | 4 stars | 5 stars |
| 2020 BMW M2 Competition 2 DR RWD | 4 stars | 5 stars | 4 stars | 5 stars |
| 2019 BMW M2 Competition 2 DR RWD | 4 stars | 5 stars | 4 stars | 5 stars |
| 2018 BMW M2 Competition 2 DR RWD | 4 stars | 5 stars | 4 stars | 5 stars |
| 2017 BMW M2 Competition 2 DR RWD | 4 stars | 5 stars | 4 stars | 5 stars |
Understanding the crash test ratings for the BMW M2 can help you anticipate potential insurance costs. Although the ratings for these models are not available, staying informed about safety evaluations is crucial for making insurance decisions.
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Ways to Save on BMW M2 Insurance
There are several ways you can save even more on your BMW M2 car insurance rates. Take a look at the following five tips:
- Choose automatic payments or EFT for your BMW M2 insurance policy.
- Ask for a new BMW M2 auto insurance rate based on your improved credit score.
- Use an accurate job title when requesting BMW M2 auto insurance.
- Don’t skimp on BMW M2 liability coverage.
- Never drink and drive your BMW M2.
You can achieve significant savings on your BMW M2 insurance by implementing these tips. Remember to explore all available options to ensure you’re getting the best possible rate without compromising coverage.
Taking advantage of various discounts can substantially reduce your BMW M2 insurance costs. For instance, inquire about the bundling car insurance discount, which can provide savings when you combine your car insurance with other policies, like homeowners or renters insurance. 
Additionally, many insurers offer discounts for safe driving records, low mileage, and good student performance if applicable. Make sure to explore all the specific discounts offered by your provider and ask about any available savings programs.
By thoroughly reviewing and applying these discounts, you can maximize your savings and lower your insurance premium significantly.
Read More: What makes car insurance more expensive?
Top BMW M2 Insurance Companies
What is the best car insurance companies for affordable BMW M2 insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering BMW M2 insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features found on the BMW M2.
Top BMW M2 Insurance Companies
| Rank | Insurance Company | Premium Written | Market Share |
|---|---|---|---|
| #1 | State Farm | $66.1 million | 9.3% |
| #2 | Geico | $46.3 million | 6.6% |
| #3 | Progressive | $41.7 million | 5.6% |
| #4 | Liberty Mutual | $39.2 million | 5.1% |
| #5 | Allstate | $36.1 million | 5% |
| #6 | Travelers | $28.7 million | 4% |
| #7 | USAA | $24.6 million | 3.3% |
| #8 | Chubb | $24.1 million | 3.3% |
| #9 | Farmers | $20 million | 2.9% |
| #10 | Nationwide | $18.4 million | 2.6% |
These leading insurance companies, ranked by market share, provide a starting point for finding the best coverage for your BMW M2. Consider exploring these options to find the most affordable and comprehensive insurance for your vehicle.
Save money by comparing BMW M2 insurance rates with free quotes online now.
Frequently Asked Questions
How can I compare car insurance options for my BMW M2?
To compare car insurance options for your BMW M2, you can follow these steps: research various insurance companies, request quotes, compare coverage options and premiums, and review customer feedback and ratings.
What factors should I consider when comparing car insurance for a BMW M2?
When comparing car insurance for your BMW M2, consider factors such as coverage limits, deductibles, discounts, customer service, and the insurer’s financial strength. Delve into our evaluation of “What affects a car insurance quote?”
Are BMW M2 cars more expensive to insure compared to other vehicles?
The cost of insurance for a BMW M2 can be higher compared to some other vehicles due to factors such as the vehicle’s value, performance capabilities, and the perceived risk associated with luxury sports cars. Insurance premiums are influenced by factors like the model year, trim level, engine size, and the driver’s personal circumstances.
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Can I get discounts on car insurance for my BMW M2?
Yes, many car insurance providers offer various discounts that can help lower your premiums for a BMW M2. Some common discounts include safe driver discounts, multi-policy discounts, and discounts for safety features such as anti-lock brakes and airbags.
How does my driving record affect my BMW M2 insurance rates?
Your driving record significantly impacts your BMW M2 insurance rates. A clean driving record with no accidents or traffic violations can lead to lower premiums, while a history of accidents or violations can increase your rates.
Read More: Do all car insurance companies check your driving records?
Should I choose OEM parts coverage for my BMW M2?
Whether to choose OEM (Original Equipment Manufacturer) parts coverage for your BMW M2 depends on your preferences and budget. OEM parts are made by the vehicle manufacturer and are specifically designed for your BMW, ensuring optimal fit and performance. However, OEM parts coverage may result in higher premiums compared to aftermarket parts coverage.
What types of coverage should I consider for my BMW M2?
For your BMW M2, consider comprehensive coverage, collision coverage, liability coverage, uninsured/underinsured motorist coverage, and personal injury protection to ensure you have adequate protection. Learn more in our guide titled “Does car insurance cover non-accident repairs?”
Does the location where I live affect my BMW M2 insurance rates?
Yes, the location where you live can affect your BMW M2 insurance rates. Areas with higher crime rates or more traffic congestion may result in higher premiums, while areas with lower risk may have lower rates.
Can I bundle my BMW M2 insurance with other policies for discounts?
Yes, many insurance providers offer discounts for bundling multiple policies, such as combining your BMW M2 insurance with home insurance or other vehicles’ insurance, which can lead to significant savings.
What should I do if I can’t afford the insurance premiums for my BMW M2?
If you can’t afford the insurance premiums for your BMW M2, consider adjusting your coverage limits and deductibles, looking for additional discounts, or shopping around for quotes from different insurance providers to find a more affordable option.
Explore your auto insurance options by entering your ZIP code into our free comparison tool below today.
Free Car Insurance Comparison
Enter your ZIP code below to view companies that have cheap car insurance rates.
Secured with SHA-256 Encryption
Justin Wright
Licensed Insurance Agent
Justin Wright has been a licensed insurance broker for over 9 years. After graduating from Southeastern Seminary with a Masters in Philosophy, Justin started his career as a professor, teaching Philosophy and Ethics. Later, Justin obtained both his Property & Casualty license and his Life and Health license and began working for State Farm and Allstate. In 2020, Justin began working as an i...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
