BMW 2 Series 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.

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.

*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.

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.

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.

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.

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.

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

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

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.

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.

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

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.

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.

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:

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

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:

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

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.

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.

Here are some key features of the BMW 2 Series:

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.