BMW 2 Series Car Insurance

The BMW 2 Series Gran Coupe is arguably one of the stylish and classy looking entry-level luxury sedans in the segment. If owning one of these vehicles is a dream of yours, you should certainly ensure the protection of your vehicle by purchasing a robust car insurance plan as well. As per the Motor Vehicles Act, 1988, you cannot drive a car on Indian roads without having car insurance. Car insurance also helps keep your mind free of worries, as it offers financial security to tide over unforeseen expenses on account of accidents or unfortunate incidents.

 

The BMW 2 Series’ insurance cost is part of the on-road price of the car. This amount varies according to details of the plan chosen. It is hence extremely important that you gain a thorough understanding of the types of BMW 2 Series insurance and the add-ons that you can purchase when having your vehicle insured.

Check Insurance Premium for BMW 2 Series Variants

BMW 2 Series comes in 4 variants, and the on-road price starts at Rs. 45.94 Lakhs after adding RTO charges and insurance costs. You can use a car insurance calculator to calculate these complicated prices. The online car insurance calculator offered by Bajaj MARKETS is easy to use and error-free.

 

Before choosing one variant, you should be aware of the BMW 2 Series insurance cost. Check out the insurance premium for different variants here.

Variant Name

Fuel Type

Ex-Showroom Price

Estimated Third-Party Premium~

FY 2022-23 (effective 1st April, 2022)

2 Series 220i Sport

Petrol

Rs. 45.94 Lakhs

Rs. 7897

2 Series 220d Sportline

Diesel

Rs. 49.66 Lakhs

Rs. 7897

2 Series 220i M Sport

Petrol

Rs. 48.88 Lakhs

Rs. 7897

2 Series 220d M Sport

Diesel

Rs. 51.54 Lakhs

Rs. 7897

*The information in the table above is for brand new BMW 2 Series vehicles. ~Premium costs depend on the model, fuel type, variants, year and place of registration, add-ons, IDV, and other relevant factors.

How to Buy BMW 2 Series Insurance Online?

Since you know the BMW 2 Series insurance costs and on-road price now, you would want to buy a BMW 2 Series insurance cover for your vehicle.

 

Follow the below-mentioned steps to buy BMW 2 Series insurance online.

 

  1. Visit the Bajaj MARKETS website, navigate to the car insurance calculator to calculate the premium you have to pay.

  2. Fill in some essential details, such as the registration number of your car and your phone number.

  3. Enter any other details that are necessary.

  4. Have a look through the BMW 2 Series insurance plans offered online.

  5. Select a plan that fulfils your requirements.

  6. Make sure you check the premium for the BMW 2 Series insurance plan chosen and pay this online.

  7. Once you have made the payment, your insurance policy will be emailed to you.

Read More: BMW Car Insurance

How to Renew BMW 2 Series Insurance Online?

Renewing your BMW 2 Series car insurance is as easy as buying it. Remember to renew your car insurance on time to avoid penalties and ensure financial protection. To renew your BMW 2 Series insurance:

 

  1. Go to your insurer’s website.

  2. Enter the details of your vehicle, like the registration number as well as your phone number.

  3. Fill in the details of your existing BMW 2 Series insurance policy or policy which has expired.

  4. Check your BMW 2 Series insurance renewal amount online.

  5. Make your premium payment online.

  6. Once the payment is confirmed, you can download your renewed insurance policy.

Read More: Car Insurance Renewal

Why to Insure Your BMW 2 Series Car?

Here are some reasons why you should buy a BMW 2 Series insurance along with your car purchase:

 

  • It is mandatory to purchase third-party insurance when you drive a vehicle in India.

  • Insurance offers you the security of covering the cost of repairs if your car gets involved in a mishap.

  • In addition to your existing BMW 2 Series insurance plan, add-on covers like zero depreciation cover, emergency road assistance, etc., will give you extra benefits.

  • In case of any man-made or natural calamities, you get financial cover.

  • Additionally, you are entitled to coverage for any legal liability due to accidents.

Types of BMW 2 Series Car Insurance

There are two types of car insurance; third-party and comprehensive car insurance. You have to choose one plan based on your requirements.

  • Third-Party Car Insurance

It is the basic form of insurance cover and all the financial loss suffered by a third party or person in the event of an accident where the insured car is involved is covered by this vehicle insurance. The insurer covers all the expenses required to meet the legal liabilities. The third-party car insurance does not provide insurance protection to the insured car.

  • Comprehensive Car Insurance

It is an enhanced version of the third party one. Other than the third party cover, this comprehensive car insurance offers coverage against damages of the insured car and helps manage all kinds of liabilities with extended protection. You can choose add-on covers to boost the range of protection.

Inclusions

Whether you choose a third-party plan or a comprehensive one, there are always inclusions in any plan, and these are conditions that your BMW 2 Series insurance price will cover. Here are some common inclusions found in third-party and comprehensive BMW 2 Series insurance plans.

 

  • Third-party liability coverage

  • Personal accident coverage

  • Accident coverage for other riders

  • Expense cover for repairs and replacements

  • Damage or destruction caused as a result of natural or man-made calamities

Exclusions

Every vehicle insurance plan contains particular exclusions as well. Exclusions can be deciding factors in selecting a given plan. These are the common exclusions you will come across:

 

  • Car’s regular wear and tear

  • Any damage caused if you are driving under the influence of any intoxicants

  • Mechanical or electrical breakdown

  • Loss or damage arising out of a war-like circumstance

  • Damage or loss while you are driving without a valid licence

  • Damages which are sustained while your policy is inactive/invalid

Add-on Covers for Your BMW 2 Series Car

While comprehensive car insurance helps you deal with the financial liability of an accident, it may not be enough. Here are some add-on covers for BMW 2 Series insurance that offer additional protection to your insured car.

  • No Claim Bonus (NCB) Protection Cover

Insurance gives you no-claim-bonus benefits in the event you don’t raise claims. However, this add-on lets your NCB be intact even if you raise more than a single claim.

  • Roadside Assistance Cover

The emergency roadside assistance cover provides on-spot assistance in case of accidents, including urgent fuel delivery, flat tyre repair, key services, urgent car fixing, cab services, and towing, etc.

  • Zero-Depreciation Cover

Ensuring that depreciation is not a consideration in your zero depreciation coverage, any amounts claimed to remain unaffected by the costs of depreciation.

  • Engine Protect Cover

The replacement and repair of your car’s engine parts are covered under the engine protection add-on. This includes pistons, rods and others.

BMW 2 Series Insurance Claim Process

You can file cashless claims and reimbursement claims for your BMW 2 Series insurance by simply following the steps mentioned below:

Process to File Cashless Claims

Your insurance company directly settles bills with the network garage if you are going for a cashless claim on BMW 2 Series insurance.

 

For cashless claim:

 

  • Register your claim through your insurer’s website or the toll-free number.

  • Then, go to the nearest network garage and get your car repaired.

  • Provide the required documents to your insurer.

  • Your insurer will verify the submitted documents.

  • Once it is verified, all your bills will be directly settled with the network garage.

Process to File Reimbursement Claims

In a reimbursement claim on BMW 2 Series insurance, your insurer will reimburse the costs incurred while repairing your car. For claiming reimbursement:

 

  • Inform your insurer about the incident and the damages sustained immediately.

  • If it is a major accident where a third-party is involved, file an FIR.

  • Repair your vehicle at the garage of your choice and pay for it.

  • Submit the FIR, original receipts, bills and other documents to your insurance company.

  • Once verification is complete, your insurance company will settle your claim and reimburse the costs incurred.

Documents Required For Your BMW 2 Series Insurance Claim

Here is a list of documents you should submit to your insurer if you want to claim BMW 2 Series insurance.

 

  • Car insurance policy document

  • Vehicle details and information

  • Details of the incident

  • In case of theft or damage by a third party, a copy of the FIR filed

  • All original receipts/bills of replacement or repair

How to Reduce the Insurance Cost for Your BMW 2 Series

You can lessen your BMW 2 Series car insurance cost if you consider these strategies given below.

 

  • Install an anti-theft system in your vehicle to prevent theft.

  • Maintain your car well by servicing it at times and taking good care.

  • Browse through different BMW 2 Series insurance plans and opt for one that suits your budget.

  • Pay for small repairs and replacements from your own pocket.

  • Claim NCB or No Claim Bonus at the end of BMW 2 Series insurance cover and earn back up to 50% of the premiums paid.

Top Tips to Maintain Your BMW 2 Series

Keeping your car in a ship-shape can maintain your vehicle in impeccable condition. You may not possess much technical knowledge, but these practical tips can help to maintain your BMW 2 Series well:

 

  • Check tyres for wear and tear and replace them if required.

  • Try to drive at a steady speed between 60 and 80 km/hr.

  • Avoid accelerating or decelerating unnecessarily.

  • Make use of wheel cleaners to clean rims on a regular basis.

  • Wax the exterior of your vehicle on occasion to maintain its shine and conceal scratches.

  • Use a wheel cleaner to keep your rims well-conditioned.

  • The wheels on your lug nuts need to be lubricated regularly.

BMW 2 Series Maintenance Cost

You should take your BMW 2 Series only to authorised service centres for regular vehicle services. To know the approximate BMW 2 Series service cost, check out the table given below:

Service

Months

Paid

Total Cost

1st service

12

Paid

Rs. 11,808

2nd service

24

Paid

Rs. 34,168

3rd service

36

Paid

Rs. 48,123

4th service

48

Paid

Rs. 81,129

5th service

60

Paid

Rs. 96,748

* These service charges may differ according to the vehicle model, variant, the city and several other factors.

Replacement Costs of Parts Changed During Services

As part of regular services, certain parts of your vehicle may need to be changed. This will increase the performance. The table given below will give you an idea of BMW 2 Series maintenance cost in India:

Parts/Components

BMW 2 Series Price

Engine Oil

Rs. 9999

Oil Filter

Rs. 1000

Air Filter

Rs. 1250

Fuel Filter

Rs. 2450

Spark Plug

Rs. 550

Note that these rates change depending on the city, dealer and service centre.

Components to Be Replaced/Serviced at Different Intervals

To increase the performance and efficiency of your vehicle, certain parts or components should be replaced or serviced at intervals. This will be informed in the service manual you receive when you purchase your vehicle. A list of various main parts that may have to be changed at intervals is given below.

Components

Replacement Interval

Engine Oil

After 10,000 Kms, or 1 year, whichever is reached earlier

Spark Plugs

7 years or 70,000 Kms

Clutch/Brake Fluid

30,000 Kms or 3 years

Fuel Filter

Replace them in every 3 years

About BMW 2 Series

BMW 2 Series Gran Coupé is a sub-compact executive sedan that has a bold character. It stands out from the crowd with ease thanks to its perfectly tuned driving dynamics, features and high-end technologies. BMW takes the design aesthetics to the next level and has injected pleasure and performance into the BMW 2 Series car.

 

The BMW 2 Series offers both a turbocharged petrol and a diesel engine. The petrol engine is powered by a 7-speed steptronic sport automatic gearbox while the diesel engine comes with an 8-speed automatic one. It is fitted with a kidney grille at the front and is flanked by smart looking LED headlamps with LED DRLs.

 

The BMW 2 Series comes with ambient lighting, a panoramic sunroof, 10.25-inch touchscreen infotainment system, 10.25-inch digital MID with Live Cockpit Professional.

BMW 2 Series Variants

BMW 2 Series has only one variant available. The details are given below:

Variant

Fuel Type

Transmission

2 Series 220i Sport

Petrol

Automatic

2 Series 220d Sportline

Diesel

Automatic

2 Series 220i M Sport

Petrol

Automatic

2 Series 220d M Sport

Diesel

Automatic

On-Road Price in Top Cities

When you buy any BMW 2 Series, the final price will be decided according to the model and the location from where you buy your vehicle. Check out the BMW 2 Series on-road prices in the top cities of the country.

City

BMW 2 Series On-Road Price

Delhi

Rs. 45.94 Lakhs

Mumbai

Rs. 50.13 Lakhs

Pune

Rs. 47.30 Lakhs

Bangalore

Rs. 51.01 Lakhs

Chennai

Rs. 51.41 Lakhs

BMW 2 Series Features

Here are some key features of the BMW 2 Series:

Variant

Airbags

Power Steering

Anti-lock Braking

Touch Screen

Automatic Climate Control

2 Series 220i Sport

6

Yes

Yes

Yes

Yes

2 Series 220d Sportline

6

Yes

Yes

Yes

Yes

2 Series 220i M Sport

6

Yes

Yes

Yes

Yes

2 Series 220d M Sport

6

Yes

Yes

Yes

Yes

Conclusion

What makes the BMW 2 Series a compelling purchase among car enthusiasts is its iconic lineage and compact dimension. When you own such a valuable asset, it is important that you go the extra mile to prepare yourself financially for any unfortunate events involving this vehicle by buying a BMW 2 Series insurance.

 

Getting a comprehensive car insurance plan is one way to do so, as it can cover the costs that you face due to damages to your own vehicle in an accident. You can explore the different types of insurance plans available in the market today at Bajaj MARKETS before choosing the plan that works best for you.

Check Out Car Insurance Plans Available at Finserv MARKETS

FAQs on BMW 2 series Insurance

  • ✔️What is the difference between on-road price and ex-showroom price?

     The on-road price is the price of a car which includes other charges like those for insurance and registration. It is the price you ultimately pay for your car. The ex-showroom price is the price displayed in the showroom, excluding additional costs.

  • ✔️What is the mileage of BMW 2 Series?

     The mileage of BMW 2 Series is 14.82 to 18.64 kmpl.

  • ✔️What is the price of the BMW 2 Series top model in Chennai?

     The on-road price of the BMW 2 Series 220d M Sport in Chennai is Rs. 55.05 Lakhs.

  • ✔️How long does a car insurance policy last?

     The tenure of a car insurance policy is one year.

  • ✔️Does IDV decrease every year?

     Due to the Depreciation, your car’s IDV decreases every year. It is for the same reason that the premium cost also decreases a little every year.

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