Purchasing lower priced Cleveland BMW M2 insurance quotes can seem to be somewhat difficult for vehicle owners new to comparing and buying insurance over the internet. With literally dozens of insurance companies available, how are we expected to effectively compare all the different companies and get the lowest rates?
How to find cheaper rates for BMW M2 insurance in Cleveland
If you want to save money, the best way to get budget BMW M2 insurance in Cleveland is to regularly compare prices from providers who sell auto insurance in Ohio. This can be done by following these steps.
- Step 1: It will benefit you to learn about how car insurance works and the things you can control to keep rates low. Many risk factors that cause high rates like accidents, careless driving, and a not-so-good credit rating can be eliminated by making minor changes in your lifestyle.
- Step 2: Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can only quote rates from one company like GEICO or Farmers Insurance, while agents who are independent can give you price quotes from multiple insurance companies.
- Step 3: Compare the quotes to the premium of your current policy and determine if cheaper M2 coverage is available in Cleveland. If you can save some money and change companies, make sure there is no lapse between the expiration of your current policy and the new one.
- Step 4: Tell your current agent or company of your decision to cancel the current policy and submit a down payment and signed policy application to your new company or agent. As soon as coverage is bound, place your new certificate verifying coverage above your visor, in the console, or in the glove compartment.
The most important part of shopping around is that you use the same coverage limits and deductibles on every price quote and and to analyze as many different companies as possible. This guarantees a fair rate comparison and the most accurate and complete price analysis.
Amazingly, a recent NerdWallet.com study showed that most insurance policyholders in Ohio renewed their policy with the same company for more than four years, and just short of a majority have never even compared quotes to find lower-cost rates. Drivers in the U.S. can cut their rates by almost $850 a year, but they don’t understand how simple it is to compare rates and save money.
Cheapest auto insurance in Cleveland, OH
The companies shown below have been selected to offer price comparisons in Cleveland, OH. If you want the best auto insurance in Cleveland, OH, we recommend you visit two to three different companies to get a more complete price comparison.
Why You Might Pay Lower Rates in Cleveland
It’s important that you understand the rating factors that play a part in calculating the price you pay for car insurance. If you have a feel for what positively or negatively impacts your premiums, this enables informed choices that could help you find better car insurance rates.
The list below includes a few of the “ingredients” that factor into rates.
Better car insurance rates with anti-theft devices – Buying a car with a theft deterrent system can help lower your rates. Anti-theft features such as vehicle immobilizer systems, OnStar, and tracking devices like LoJack help track and prevent vehicle theft.
With age comes responsibility – Youthful drivers in Ohio are statistically shown to be easily distracted when driving with friends so car insurance rates are higher. More experienced drivers have been proven to be more responsible, cause fewer claims and accidents, and tend to be get fewer driving tickets.
High claims frequency drives up premiums – If you tend to file frequent claims, you shouldn’t be surprised to get higher rates. Car insurance companies in Ohio award the lowest premiums to insureds who are claim-free. Your insurance policy is intended for claims that you cannot pay yourself.
How much liability coverage – Liability insurance will protect you if you are responsible for an accident. It will provide legal defense up to the limits shown on your policy. Liability insurance is quite affordable when compared to the cost of physical damage coverage, so buy as much as you can afford.
Claims statistics for a BMW M2 – Insurers include the past claim history for a vehicle to calculate a rate that will offset losses. Vehicles that the data determines to have higher prevalence or dollar amount of losses will be charged more to insure.
The table below shows the collected loss data for BMW M2 vehicles. For each policy coverage, the claim probability for all vehicles, regardless of manufacturer or model, is a value of 100. Numbers below 100 indicate a favorable loss history, while numbers that are greater than 100 indicate frequent claims or an increased probability of a larger loss.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| BMW M235 i 2dr | 155 | 277 |
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Reduce your insurance rates with discounts
Some providers don’t always advertise every policy discount very well, so we researched some of the more common as well as the least known credits available to bring down your rates.
- Seat Belts Save – Drivers who always wear seat belts and also require passengers to buckle up before driving can save up to 10 percent (depending on the company) on the medical payments or PIP coverage costs.
- Telematics Data Discounts – Insureds who allow driving data submission to analyze driving habits by installing a telematics device such as State Farm’s In-Drive might get better premium rates if they are good drivers.
- Savings for New Vehicles – Insuring a vehicle that is new can be considerably cheaper because newer vehicles are generally safer.
- Multiple Policy Discount – When you have multiple policies with one insurance company you could get a discount of nearly 15% which can help you find affordable BMW M2 insurance rates in Cleveland.
- Early Payment Discounts – If paying your policy premium upfront instead of making monthly payments you can avoid the installment charge.
- Anti-lock Brakes – Cars and trucks that have steering control and anti-lock brakes are safer to drive so you can save 10 percent or more.
- Theft Deterrent System – Anti-theft and alarm system equipped vehicles prevent vehicle theft and qualify for as much as a 10% discount.
You can save money using discounts, but most discount credits are not given to the entire cost. Most only apply to individual premiums such as comprehensive or collision. Even though it appears you can get free auto insurance, it just doesn’t work that way.
A few popular companies and the discounts they provide can be read below.
- Progressive offers discounts for multi-vehicle, multi-policy, online quote discount, online signing, continuous coverage, homeowner, and good student.
- Farmers Insurance may offer discounts for business and professional, early shopping, pay in full, multi-car, homeowner, bundle discounts, and teen driver.
- Farm Bureau has discounts for multi-policy, 55 and retired, good student, safe driver, driver training, and multi-vehicle.
- State Farm includes discounts for safe vehicle, good student, passive restraint, multiple autos, anti-theft, defensive driving training, and multiple policy.
- GEICO may have discounts that include federal employee, anti-theft, military active duty, driver training, emergency military deployment, and membership and employees.
- SAFECO discounts include bundle discounts, anti-theft, drive less, anti-lock brakes, homeowner, teen safety rewards, and safe driver.
- Liberty Mutual has savings for teen driver discount, safety features, preferred payment discount, multi-policy, multi-car, and new vehicle discount.
When getting free Cleveland auto insurance quotes, it’s a good idea to all companies you are considering which credits you are entitled to. Savings might not apply everywhere.
Comparing quotes from local Cleveland insurance agents
A lot of people still like to visit with an insurance agent and we recommend doing that One of the benefits of comparing rate quotes online is the fact that you can find cheaper rates and still have an agent to talk to.
Upon completion of this form (opens in new window), your insurance data is transmitted to local insurance agents that provide free Cleveland auto insurance quotes for your auto insurance coverage. You won’t even need to contact any insurance agencies due to the fact that quote results will go to you. You can find better rates and an insurance agent to talk to. If you want to compare prices from one company in particular, feel free to search and find their rate quote page to submit a rate quote request.
Picking an provider should depend on more than just a cheap price. A good agent in Cleveland will have answers to these questions.
- Can they provide you with a list of referrals?
- How long has the business existed?
- Where would your vehicle be repaired?
- Which company do they place the most coverage with?
- How is replacement cost determined on your vehicle?
- Can you use your own choice of collision repair facility?
- Do the coverages you’re quoting properly cover your vehicle?
- Will high miles depreciate repair valuations?
When narrowing the list to find a local insurance agency, there are two different types of agents that you can select. Auto insurance agents in Cleveland can be described as either exclusive agents or independent agents.
Exclusive Agencies
These agents can usually just insure with one company like State Farm, Allstate and AAA. Exclusive agents cannot shop your coverage around so always compare other rates. Exclusive agents are well trained in insurance sales which helps them compete with independent agents. Consumers often use the same agent primarily because of the brand legacy and the convenience of having a single billing for all their coverages.
Below is a short list of exclusive agents in Cleveland who may provide you with price quote information.
- Justin Ragor – State Farm Insurance Agent
3878 Rocky River Dr Ste 4 – Cleveland, OH 44111 – (216) 251-5300 – View Map - Dick McClement – State Farm Insurance Agent
2700 W 25th St – Cleveland, OH 44113 – (216) 621-3723 – View Map - Robin Gorman – State Farm Insurance Agent
16812 Chagrin Blvd – Shaker Heights, OH 44120 – (216) 283-0080 – View Map
Independent Insurance Agents
Agents in the independent channel do not have single company limitations so they have the ability to put coverage amongst many companies and find you cheaper rates. If they find a lower price, they simply switch companies in-house and that require little work on your part. If you are trying to find cheaper rates, it’s a good idea to get insurance quotes from at a minimum one independent agency to have the most options to choose from. Many independent agencies also insure through companies that do not advertise much that can offer cheaper rates than bigger companies.
Listed below are independent agencies in Cleveland who can help you get price quote information.
- Nationwide Insurance: Sam J Saraniti
3100 W 25th St – Cleveland, OH 44109 – (216) 281-3900 – View Map - MR Insurance Partners Agency, Inc.
3310 Prospect Ave E – Cleveland, OH 44115 – (216) 361-9797 – View Map - The Brooks and Stafford Company
55 Public Square #1650 – Cleveland, OH 44113 – (216) 696-3000 – View Map
If you feel you receive answers to your satisfaction to any questions you have as well as a price you’re happy with, most likely you have located a car insurance agent that can provide auto insurance coverage. But remember, you can cancel your policy at any point so never assume you’re contractually obligated to any specific agency for a certain time period.
In the end, you can save money
Discount BMW M2 insurance in Cleveland is definitely available both online in addition to many Cleveland insurance agents, and you should be comparing both so you have a total pricing picture. Some companies may not have the ability to get a quote online and many times these regional carriers provide coverage only through independent agencies.
We just showed you many ways to save on BMW M2 insurance in Cleveland. It’s most important to understand that the more times you quote, the better chance you’ll have of finding inexpensive Cleveland auto insurance quotes. Consumers may even find the lowest premium rates are with the least-expected company.
As you go through the steps to switch your coverage, it’s very important that you do not skimp on critical coverages to save a buck or two. There have been many cases where someone sacrificed collision coverage and learned later that their decision to reduce coverage ended up costing them more. Your focus should be to get the best coverage possible at the best possible price, but do not skimp to save money.
Steps to finding affordable BMW M2 insurance in Cleveland
If saving the most money is your goal, then the best way to save money on auto insurance rates is to make a habit of comparing prices annually from different companies in Cleveland.
Step 1: Read and learn about policy coverages and the measures you can control to prevent rate increases. Many rating criteria that result in higher rates such as at-fault accidents, speeding tickets, and a bad credit score can be amended by paying attention to minor details.
Step 2: Get rate quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like GEICO and Allstate, while independent agencies can provide prices from multiple companies.
Step 3: Compare the quotes to your existing coverage and determine if there is any savings. If you can save some money and switch companies, make sure coverage does not lapse between policies.
One piece of advice is to make sure you’re comparing identical coverages on every quote request and and to compare as many carriers as you can. Doing this ensures a fair rate comparison and a complete price analysis.
More learning opportunities
- Understanding Car Crashes Video (iihs.org)
- Who Has Cheap Car Insurance Quotes with Multiple Speeding Tickets in Cleveland? (FAQ)
- Who Has Affordable Cleveland Auto Insurance for Low Credit Scores? (FAQ)
- Who Has Affordable Cleveland Auto Insurance for Inexperienced Drivers? (FAQ)
- Avoiding Deer Collisions (Insurance Information Institute)
- Five Tips to Save on Auto Insurance (Insurance Information Institute)
- Auto Crash Statistics (Insurance Information Institute)