1996 BMW 7 Series Insurance Quotes – 9 Tips for Cheaper Rates

Searching for lower insurance rates for your BMW 7 Series? Locating low-cost insurance for a new or used BMW 7 Series can normally be difficult, but you can learn the following methods to make it easier. There are both good and bad ways to find insurance online so you’re going to learn the best way to compare rates on a BMW and locate the best price possible either online or from local insurance agents.

If you have a policy now or are shopping for new coverage, you can use these techniques to shop for the lowest rates while maximizing coverage. Shopping for the lowest cost coverage can be fairly easy. Drivers just need to learn how to compare price quotes online.

Car insurance policy discounts you can’t miss

Companies don’t list all available discounts very clearly, so below is a list some of the more common in addition to some of the lesser obvious credits available to lower your premiums when you buy car insurance online. If you do not check that you are getting every discount you deserve, you are just wasting money.

  • E-sign Discounts – A few larger online companies may give you up to $50 for buying your policy online.
  • No Claim Discounts – Insureds with no claims or accidents can earn big discounts as compared to drivers who are more careless.
  • Military Rewards – Being deployed with a military unit could mean lower prices.
  • Policy Bundle Discount – If you insure your home and vehicles with one insurance company you may save nearly 15% which can help you find cheaper car insurance.
  • Senior Citizen Rates – If you’re over the age of 55, you may qualify for reduced rates on 7 Series insurance.
  • Discounts for Government Workers – Being employed by or retired from a federal job may qualify for a discount when you quote car insurance on 7 Series insurance with certain companies.
  • ABS Braking Discount – Cars and trucks that have steering control and anti-lock brakes prevent accidents and will save you 10% or more.
  • Multiple Cars – Drivers who insure multiple vehicles on one policy could earn a price break for each car.
  • Discount for Swiching Early – Some car insurance companies reward drivers for switching policies before your current expiration date. Ten percent is about the average savings.

While discounts sound great, it’s important to understand that most credits do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like comp or med pay. Despite the appearance that it’s possible to get free car insurance, it just doesn’t work that way. Any amount of discount will positively reduce the cost of your policy.

Some companies that may offer policyholders some of the above discounts include:

Before buying, ask each company which discounts they offer. Some credits may not be available in every state. To see providers that provide some of the discounts listed above, follow this link.

Insurance agents can help

When buying coverage for your personal vehicles, there really is no “perfect” insurance plan. Everyone’s situation is unique.

For example, these questions may help highlight if your insurance needs may require specific advice.

  • Do I need medical payments coverage since I have good health insurance?
  • Can I afford to buy a different vehicle if my 1996 BMW 7 Series is totaled?
  • What exactly is covered by my policy?
  • Does my medical payments coverage pay my health insurance deductible?
  • When would I need additional glass coverage?
  • Is my state a no-fault state?
  • What is the ISO rating for a 1996 BMW 7 Series?

If you’re not sure about those questions but you think they might apply to your situation, you may need to chat with a licensed insurance agent. If you don’t have a local agent, simply complete this short form. It’s fast, doesn’t cost anything and may give you better protection.

Insurance coverage specifics

Learning about specific coverages of insurance helps when choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be difficult to understand and reading a policy is terribly boring.

Comprehensive insurance

This coverage pays to fix your vehicle from damage from a wide range of events other than collision. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like hitting a deer, falling objects, hail damage, damage from flooding and vandalism. The most you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Coverage for uninsured or underinsured drivers

This coverage provides protection from other motorists when they either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is very important.

Coverage for medical expenses

Med pay and PIP coverage pay for short-term medical expenses for pain medications, prosthetic devices and rehabilitation expenses. They can be used to fill the gap from your health insurance policy or if you do not have health coverage. They cover both the driver and occupants and also covers any family member struck as a pedestrian. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability auto insurance

Liability coverage provides protection from damage that occurs to other’s property or people in an accident. Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see values of 50/100/50 that means you have $50,000 bodily injury coverage, $100,000 for the entire accident, and a limit of $50,000 paid for damaged property.

Liability coverage pays for claims like loss of income, funeral expenses and legal defense fees. How much liability should you purchase? That is a decision to put some thought into, but it’s cheap coverage so purchase higher limits if possible.

Collision coverage

Collision coverage pays for damage to your 7 Series resulting from a collision with another car or object. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for claims like crashing into a building, damaging your car on a curb and backing into a parked car. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

More quotes. Lower rates.

People who switch companies do it for a variety of reasons including policy cancellation, unfair underwriting practices, extreme rates for teen drivers and even lack of trust in their agent. Regardless of your reason, switching car insurance companies can be easier than you think.

We covered some good ideas how to compare 1996 BMW 7 Series insurance premium rates online. The key concept to understand is the more you quote car insurance, the better your chances of lowering your prices. You may even discover the best premium rates are with an unexpected company.

A few companies do not offer online price quotes and most of the time these small, regional companies sell through independent agents. Lower-priced car insurance is available from both online companies and also from your neighborhood agents, and you should compare price quotes from both to have the best rate selection.

Much more information about car insurance is available below: