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BMW 7 Series Insurance Cost

There are many options when shopping for car insurance for your BMW vehicle. You can buy from a local agent or go online to compare pricing from multiple companies. Buying auto insurance online can be fast and easy and there is a good chance you might just save a little.

If you're new to shopping for auto insurance online, you can be overwhelmed by the hoards of online companies vying for your business. Lowering your 7 Series insurance rates is not rocket science. You just need to take a few minutes to get quotes provided by online insurance companies. This can be accomplished by visiting this page.

Auto insurance rates paid to insure a BMW 7 Series will vary greatly depending on several factors. Some of these factors include:

  • Higher performance 7 Series vehicles cost more
  • Your accident history
  • Multiple policies can save money
  • How you use your vehicle
  • Extra coverages like towing and rental
  • Claims drive up premiums
  • Maintaining coverage lowers rates
  • Whether you own your home

A final factor that helps determine 7 Series insurance cost is the model year. A newer vehicle cost more in comparison to later models so the cost to replace them will push premiums up. But new BMW models may have a trim level with safety features including pedestrian detection, dual-stage airbags, and blind-spot warning system so those may provide discounts that lower premiums.

To get more specific information about how much rates will be for your vehicle, select the year of your 7 Series below.

Liability coverage

This coverage provides protection from damage that occurs to a person or their property in an accident. Liability insurance covers things like legal defense fees, bail bonds, and repair bills for other people's vehicles. Coverage is generally pretty cheap so consider buying as much as you can afford.

Collision insurance

Collision insurance pays to fix your vehicle from damage from colliding with another car or object. You have to pay a deductible then your collision coverage will kick in. This coverage can be expensive, so you might think about dropping it from vehicles that are older. Another option is to bump up the deductible to save money on collision insurance.

Comprehensive coverage

This will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and the remainder of the damage will be paid by your BMW 7 Series comprehensive insurance. The maximum amount you'll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Uninsured/Underinsured Motorist (UM/UIM)

Your UM/UIM coverage gives you protection when the "other guys" either have no liability insurance or not enough. Since many drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is very important.

Medical payments coverage and PIP

Medical payments and Personal Injury Protection insurance pay for short-term medical expenses (i.e. nursing services, prosthetic devices, and dental work). The coverages can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. Personal Injury Protection is not universally available but can be used in place of medical payments coverage.

How Much are BMW 7 Series Insurance Rates?

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