Originating from Germany, this distinguished BMW M2 is renowned for its exceptional performance and reliability.
As a Premium Sub-Compact Coupe with a sleek 2-door coupe body style, it radiates an air of refinement and style. Powered by a robust 3.0TC I6 RWD engine paired with an efficient 6M/7AM gearbox, it offers an exhilarating driving experience. With 365hp and 465 Nm of torque at your disposal, acceleration from 0-100 kph takes a swift 4.3-4.5 seconds. You can enjoy cruising at a maximum speed of 250kph, while the impressive economy of 10 km/L ensures an efficient and cost-effective ride.
However, even with such an excellent collection of features, the cost of repairing the car in case of damage can pose a significant financial burden for owners. Thus, having the vehicle financially secured by BMW M2 insurance becomes of paramount importance.
To learn more about BMW M2 car insurance in the UAE, including its benefits and prices, keep reading this article.
Types of BMW M2 Car Insurance Plans
When it comes to insuring your M2, there are two primary options to consider:
- Third-party insurance: Covers damages caused to other people’s property or injuries to others in an accident that’s your fault. It doesn’t provide protection for your own vehicle or injuries
- Comprehensive insurance: Offers extensive coverage including third-party liabilities and also covers damages to your own car due to accidents, theft, or natural disasters. It additionally provides personal accident coverage for the car owner.
Considering the value and significance of your M2, selecting the right insurance plan tailored to your needs is vital.
Average BMW M2 Insurance Costs
Multiple insurance companies provide coverage for the BMW M2, and prices can vary slightly based on the chosen insurer and plan.
On average, the annual premium typically starts from AED 1300 to AED 4700.
Factors Influencing Insurance Costs
The car insurance cost in the UAE depends on several factors, such as:
- Age of the Driver: In general, younger drivers are considered high-risk due to their lack of experience. For instance, a 20-year-old driver may have higher insurance costs for a BMW M2 than a 40-year-old driver.
- Driving Record: A driver with a history of traffic violations or accidents will likely pay more for insurance. For example, if a driver has been previously involved in two accidents, their insurance cost for a BMW M2 may be higher.
- Location: Certain areas have higher rates of theft, vandalism, and accidents, which can influence insurance costs. If you park your BMW M2 in a high-risk area, you may face higher insurance costs.
- Car’s Value: The BMW M2 is a luxury vehicle, and its high value can increase insurance costs. For example, insuring a BMW M2 could be more expensive than insuring a less expensive car model.
- Credit Score: In some cases, a lower credit score can lead to higher insurance costs. If a BMW M2 owner has a low credit score, they might be charged more for insurance.
Tips to Reduce Your Car Insurance Premiums in the UAE
- Install safety features in BMW M2
- Opt for higher deductibles
- Maintain a clean driving record
- Bundle insurance policies
- Compare insurance quotes regularly
Eligibility Criteria and Documents Required
Obtaining BMW M2 insurance is straightforward due to minimal eligibility criteria. Ensure you have the required documents for verification during the application process.
Best BMW M2 Car Insurance Providers
Here are the best car insurance providers in the UAE that you can explore:
- AXA Redefining Insurance
- Union Insurance
- Oman Insurance Company
- Noor Takaful
- Dubai Insurance
How to Buy BMW M2 Car Insurance in the UAE?
Ready to purchaseBMW M2 insurance in the UAE? CarInsurance.ae provides a seamless and hassle-free process.
We provide a convenient platform to compare various insurance plans from top providers all in one place. You can insure your dream car with just a few clicks.
Just follow these simple steps:
- Visit our Get Quotes page
- Select the BMW, M2, and year of manufacturing of your car
- Select the city where you will be registering the insurance
- Enter the value of your car and specify any previous insurance claims
- Specify the duration of your UAE driving license
- Lastly, select the type of insurance coverage you prefer
And you’re done!
Upon completing these details, you will see a quote for your car. Begin the process now and protect your BMW M2 with the coverage it deserves!
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FAQs
1. Are BMW M2 cars expensive to insure?
Yes, the BMW M2 can be more expensive to insure due to its high repair costs and performance-based risk factors.
2. What to do in case of theft my BMW M2 car?
If your BMW M2 gets stolen, immediately report the theft to the local police and then notify your insurance provider.
3. Why should I buy comprehensive car insurance for my BMW M2 car?
Buying comprehensive car insurance for your BMW M2 is beneficial as it covers damages caused by incidents other than collisions, such as theft, fire, or natural disasters.