How Much Does 1995 BMW 7 Series Car Insurance Cost?

Searching for lower insurance rates for your BMW 7 Series? Think you have high-priced insurance? Don’t feel bad because many consumers are feeling buyer’s remorse and feel like there’s no way out.

With consumers having so many choices, it can be hard to find a more affordable company.

It’s a great practice to get comparison quotes every six months because rates are constantly changing. Even if you got the best premium rates on 7 Series insurance a year ago there is a good chance you can find better prices now. Block out anything you think you know about insurance because it’s time to teach you the best methods to remove unneeded coverages and save money.

First Step: Get free insurance quotes

Most major insurance companies provide coverage price quotes on the web. This process is pretty painless as you just type in your coverage preferences into the quote form. When complete, their quoting system automatically orders your credit score and driving record and provides a quote. Online quotes helps simplify price comparisons, but having to visit multiple sites and type in the same information is a big time waster. But it’s absolutely necessary to perform this step if you want to find the lowest insurance rates.

A more efficient way to find lower prices makes use of a single form that gets prices from a lot of companies. The form is fast, requires much less work on your part, and makes online quotes much more enjoyable and efficient. As soon as the form is sent, your coverage is rated and you are able to buy any one of the resulting price quotes.

If the quotes result in lower rates, it’s easy to complete the application and buy the policy. It can be completed in a matter of minutes and could lower your rates considerably.

If you want to compare rates now, click here to open in new window and input your coverage information. If you have a policy now, it’s recommended you type in your coverages identical to your current policy. This way, you’re receiving a price comparison based on identical coverages.

Tailor your auto insurance coverage to you

When it comes to buying the best auto insurance coverage, there really is not a single plan that fits everyone. Everyone’s situation is unique so your insurance should reflect that For instance, these questions might help in determining if your insurance needs might need an agent’s assistance.

  • Why am I required to buy high-risk coverage?
  • Can I rent a car in Mexico?
  • Can I get a multi-policy discount for packaging my home and auto coverage?
  • How high should my medical payments coverage be?
  • What are the financial responsibility laws in my state?
  • Am I better off with higher deductibles on my 1995 BMW 7 Series?
  • What if I total my 1995 BMW 7 Series and owe more than it’s worth?

If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you don’t have a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area.

What insurance coverages do you need?

Understanding the coverages of your insurance policy aids in choosing the right coverages and the correct deductibles and limits. Policy terminology can be confusing and nobody wants to actually read their policy. These are the usual coverages available from insurance companies.

Liability coverages

This protects you from injuries or damage you cause to other people or property that is your fault. This insurance protects YOU against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 50/100/50 that translate to a limit of $50,000 per injured person, $100,000 for the entire accident, and $50,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers things such as attorney fees, structural damage and court costs. How much liability coverage do you need? That is a decision to put some thought into, but consider buying as much as you can afford.

Auto collision coverage

This covers damage to your 7 Series caused by collision with a stationary object or other vehicle. You first must pay a deductible then the remaining damage will be paid by your insurance company.

Collision coverage protects against things such as sustaining damage from a pot hole, backing into a parked car, hitting a mailbox, damaging your car on a curb and rolling your car. This coverage can be expensive, so you might think about dropping it from vehicles that are older. Drivers also have the option to bump up the deductible to bring the cost down.

Comprehensive coverages

Comprehensive insurance coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as hail damage, rock chips in glass and damage from flooding. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Uninsured and underinsured coverage

This coverage gives you protection from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries and also any damage incurred to your BMW 7 Series.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Normally these coverages are similar to your liability insurance amounts.

Coverage for medical payments

Med pay and PIP coverage pay for bills for things like EMT expenses, dental work, hospital visits, funeral costs and pain medications. They can be used to cover expenses not covered by your health insurance program or if you are not covered by health insurance. Coverage applies to both the driver and occupants and will also cover being hit by a car walking across the street. Personal injury protection coverage is not available in all states and may carry a deductible

Comments About 1995 BMW 7 Series Insurance

  1. Adriene Mcdonald

    Here’s what I found out. From northwest of Fargo, ND. Got rates from GEICO, Hartford, and Farmers for my 1995 BMW 7 Series and cut my rates about $80 a year.

  2. Ryan Dennis

    I chose to switch to GEICO from AIG Insurance. I live in Gaithersburg, MD. Was with The General. Can still barely afford it. Not worth enough to pay for comprehensive and collision.

  3. Agripina Emerson

    Proud to be from Anchorage, Alaska. Don’t remember every company but I ended up saving about $10 each month. BTW speeding tickets are not good.

  4. Dianne Collier

    I’m in the east part of Hartford, Connecticut. Quoted quotes with Allstate, American Family, Eastwood, and The General for my 1995 BMW 7 Series and I’m now saving $22 a month. I get a discount for insuring multiple vehicles. Next renewal I’ll just do liability.

  5. Ashely Pope

    Good site, thanks. I’m just south of Juneau, Alaska. Received quotes from Allstate, Amica, and some I forget for my 1995 BMW 7 Series and I’m now saving $25 a month. Thankfully I have a good driving record. I quoted rates online then called them. Liability only on my BMW.

  6. Kasandra Roberson

    Good site, thanks. Quoted with Esurance for my 7 Series and am saving around $100 a year. LOL

  7. Analisa Stokes

    If you’re a decent driver and live near Chesapeake, VA, check out 21st Century. They seem to be cheaper. I have kids on my policy, too. Are quotes cheaper online? I don’t insure for physical damage though.

  8. Gerry Mejia

    From Worcester, MA. Received prices from Mercury, Farmers, State Farm, and AAA for my BMW and saved $89 a year. My 7 Series doesn’t have full coverage.

  9. Kaitlin Gutierrez

    Compared auto insurance prices with Allstate and Progressive but still not cheap enough.

  10. Collene Kline

    I can’t pay high rates. I’m from New Haven, CT. Went online for free insurance quotes for a 1995 BMW 7 Series. Ended up at about $70 savings annually. Went with 21st Century. I think I’ll get rid of full coverage next time.

  11. Edwardo Barton

    Anyone find cheap rates around Fort Wayne, IN?

  12. Taisha Anthony

    IMHO San Antonio, TX seems to have good rates from 21st Century.

  13. Adina Figueroa

    I’m in Columbus, GA. Quoted with AAA, Esurance, and Mercury for my BMW and I’m now saving $21 a month. Have a couple speeding tickets too. It’s only liability tho.