1999 BMW 7 Series Insurance Rates – 5 Tips for Best Quotes

Want the cheapest insurance rates for your BMW 7 Series? Trying to find the cheapest insurance for a BMW 7 Series can turn out to be an all-consuming task, but you can learn our insurance buying tips to save time. There are more efficient ways to compare insurance rates and you need to know the best way to price shop coverage for your BMW and get the cheapest rates from both online companies and local agents.

It’s smart to do rate comparisons as often as possible due to the fact that insurance prices change regularly. Even if you got the best rates on 7 Series insurance a few years ago other companies may now be cheaper. Forget anything you know (or think you know) about insurance because you’re going to get a crash course in one of the easiest ways to find better rates and still maintain coverage.

Are you getting every discount?

Not many people think insurance is cheap, but you can get discounts that you may not even be aware of. Most are applied when you complete an application, but a few must be asked about before you will receive the discount.

  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to enroll in driver’s education as it will make them better drivers and lower rates.
  • Telematics Data – Insureds who allow their auto insurance company to look at driving patterns remotely like Drivewise from Allstate or In-Drive from State Farm might get better premium rates if they are good drivers.
  • Anti-lock Brakes – Cars with anti-lock braking systems can stop better under adverse conditions and the ABS can save up to 10%.
  • No Accidents – Insureds who avoid accidents and claims pay much less when compared to drivers who are more careless.
  • Good Student – Getting good grades could provide a savings of up to 20% or more. Earning this discount can benefit you until age 25.

It’s important to note that most of the big mark downs will not be given the the whole policy. Most only reduce specific coverage prices like comprehensive or collision. Just because you may think you would end up receiving a 100% discount, companies wouldn’t make money that way.

Large auto insurance companies and their offered discounts are shown below.

  • Progressive offers discounts for homeowner, online quote discount, continuous coverage, multi-policy, good student, and online signing.
  • The Hartford offers premium reductions for defensive driver, anti-theft, vehicle fuel type, bundle, air bag, and driver training.
  • Mercury Insurance may offer discounts for anti-theft, multi-policy, annual mileage, ease of repair, location of vehicle, and accident-free.
  • GEICO may have discounts that include federal employee, seat belt use, defensive driver, good student, five-year accident-free, and multi-vehicle.
  • AAA has savings for multi-car, AAA membership discount, pay-in-full, education and occupation, and good driver.
  • State Farm includes discounts for defensive driving training, driver’s education, Drive Safe & Save, multiple autos, and accident-free.

Before you buy a policy, ask each company or agent the best way to save money. Some discounts may not apply everywhere. To see a list of insurers who offer discounts, follow this link.

When in doubt talk to an agent

When choosing the right insurance coverage, there is no perfect coverage plan. Everyone’s situation is a little different.

For instance, these questions could help you determine whether or not you would benefit from an agent’s advice.

  • What is the difference between comprehensive and collision coverage?
  • What is UM/UIM insurance?
  • Who is covered when they drive my 1999 BMW 7 Series?
  • Is my 1999 BMW 7 Series covered for flood damage?
  • Will I lose any money if I cancel my policy before it expires?
  • Should I buy only the required minimum liability coverage?
  • Does my policy cover my teen driver if they drive my company car?
  • When would I need additional glass coverage?

If it’s difficult to answer those questions, you might consider talking to an insurance agent. To find an agent in your area, take a second and complete this form. It only takes a few minutes and you can get the answers you need.

Coverage specifics

Having a good grasp of your insurance policy can be of help when determining the best coverages for your vehicles. Policy terminology can be difficult to understand and nobody wants to actually read their policy.

Coverage for liability

This coverage will cover damage or injury you incur to people or other property. Coverage consists of three different limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property.

Liability coverage protects against things such as emergency aid, court costs, structural damage and legal defense fees. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Comprehensive or Other Than Collision

This will pay to fix damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for things like vandalism, hitting a bird, a tree branch falling on your vehicle, fire damage and theft. The highest amount your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important.

Collision coverage

Collision coverage covers damage to your 7 Series caused by collision with another car or object. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision can pay for claims such as damaging your car on a curb, sustaining damage from a pot hole and hitting a parking meter. Paying for collision coverage can be pricey, so consider dropping it from vehicles that are 8 years or older. Another option is to choose a higher deductible in order to get cheaper collision rates.

Medical costs insurance

Coverage for medical payments and/or PIP reimburse you for bills such as ambulance fees, surgery, dental work, rehabilitation expenses and pain medications. They are used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. It covers all vehicle occupants in addition to getting struck while a pedestrian. Personal injury protection coverage is not universally available and may carry a deductible

Smart consumers save more

As you quote auto insurance, don’t be tempted to sacrifice coverage to reduce premiums. There have been many cases where someone dropped physical damage coverage only to discover later that it was a big error on their part. Your goal should be to buy the best coverage you can find at the best cost, but don’t skip important coverages to save money.

Cheaper insurance can be found on the web and from local insurance agents, and you should compare rates from both to have the best chance of lowering rates. A few companies don’t offer the ability to get a quote online and most of the time these regional carriers provide coverage only through local independent agencies.

In this article, we covered some good ideas how to save on 1999 BMW 7 Series insurance. The key thing to remember is the more companies you get car insurance rates for, the higher the chance of saving money. You may even find the lowest priced insurance comes from some of the smallest insurance companies.

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