UPDATED: Sep 25, 2020
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The BMW X2 is a compact SUV which became available for sale in the North American Market in 2018. It is another luxury SUV available from the well-known German manufacturer, and as such, will probably require an insurance policy with a luxurious price tag.
But there’s actually a very real chance that you can get a surprisingly affordable price on your BMW X2 auto insurance rates.
Below, we will help explain why BMW auto insurance is so expensive, what factors affect rates, and how these factors can be used in your favor.
Ready to buy BMW X2 auto insurance today? Use our FREE quote tool to compare BMW X2 auto insurance quotes now.
A Brief History of the BMW X2
The BMW X2 model didn’t start production until 2017 and wasn’t available for sale in the North American markets until 2018. It’s MSRP starts out at about $4,500 more than its big brother, the BMW X1.
However, considering the premium you’re paying, there is an oddly large number of similarities between the two vehicles. They are almost identical in size, they have the exact same transmission and engines.
Even though BMW is offering three different model variants – the basic, the M sport, and the M sport X – the M sport X is very similar to the second generation platform of the BMW X1. Enter your zip code below to view companies that have cheap auto insurance rates. Secured with SHA-256 Encryption
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BMW X2 in the News
Although the only major noticeable difference between the BMW X1 and the BMW X2 is the price tag, car experts are getting excited about the 2018 debut fleet.
At the recent 2018 Detroit Auto Show, the X2 was honored with an EyesOn Design Award. At the same show, it also earned an award for vehicle harmonization.
Although BMW is telling its consumers that the vehicle will sell for less than $40,000, thorough reviews report that a fully loaded BMW X2 can top out at over $50,000 or more.
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Comparing BMW X2 Auto Insurance
Did you know that auto insurance companies sometimes adjust the cost of your premiums based on things like gender, or the color of your car?
At the same time, your premium may depend on more practical things, such as the safety features on your vehicle and the overall cost to replace or repair your X2. One of the most important factors by far, however, is where you live.
After all, if you’re driving through large throngs of rush hour traffic five days a week, or if your particular city has higher rates of vehicle theft, your insurance company may hedge their bets and charge you a higher rate.