1997 BMW 7 Series Car Insurance Cost

Want lower auto insurance rates for your BMW 7 Series? Overwhelmed by the wide range of auto insurance choices that you can choose from? Many other people are too. drivers have so many choices that it can be more work than you anticipated to find lower premium rates.

Smart consumers take time to price shop coverage once or twice a year because auto insurance prices fluctuate regularly. Despite the fact that you may have had the best rates on 7 Series insurance on your last policy the chances are good that you can find a lower rate quote today. Forget anything you know (or think you know) about auto insurance because you’re about to find out one of the best ways to save money, get proper deductibles and limits, all at the lowest rate.

Do you qualify for discounts?

Some insurance providers don’t necessarily list their entire list of discounts very well, so the following is a list of both well-publicized and also the lesser-known insurance savings. If you’re not getting every credit you qualify for, you are throwing money away.

• Discounts for Responsible Drivers – Insureds who avoid accidents may receive a discount up to 45% on 7 Series insurance as compared to drivers with claims.
• Accident Forgiveness Coverage – This one isn’t a discount, but companies like State Farm and Geico may permit one accident without raising rates so long as you are claim-free for a set time period.
• Discount for Life Insurance – Insurance carriers who offer life insurance give a discounted premium rate on car insurance if you buy a life policy as well.
• Military Deployment Discount – Having an actively deployed family member may lower your prices slightly.
• Paperless Signup – Some insurance companies will give a small break for completing your application on their website.
• Early Signing – Some companies provide a discount for switching policies early. Ten percent is about the average savings.
• Government Employees – Simply working for the federal government could cut as much as 10% off on 7 Series insurance depending on your company.
• Club Memberships – Having an affiliation with specific professional or occupational memberships or organizations may earn a discount on your bill.
• Discount for Low Mileage – Driving fewer miles may enable drivers to earn substantially lower prices.

It’s important to note that most discount credits are not given to the entire cost. Most cut the price of certain insurance coverages like comp or med pay. Despite the appearance that you can get free auto insurance, it just doesn’t work that way.

Car insurance companies that possibly offer some of the discounts shown above are:

• Progressive
• The Hartford
• Mercury Insurance
• Geico
• AAA
• State Farm

When quoting, ask each company or agent to apply every possible discount. Some discounts may not apply to policies everywhere. If you would like to choose from a list of insurance companies offering insurance discounts, click here to view.

How to get insurance rate quotes

The are a couple different ways of comparing price quotes from many different insurance companies. The simplest method to find the lowest BMW 7 Series rates is to get quotes online. It’s really quite simple and can be done in a couple of different ways.

One of the fastest ways to get quotes is to use a rate comparison form click to view form in new window. This quick form keeps you from doing repetitive form submissions for every company. One form submission gets rate comparisons from all major companies. This is by far the quickest method.

A different way to compare rate quotes is to take the time to go to the website for each individual company and fill out their own quote form. For instance, we’ll pretend you want to get rates from Geico, Liberty Mutual and Progressive. To get each rate you have to navigate to each company’s site and enter your policy data, and that’s why the first method is more popular.

To view a list of companies in your area, click here.

The old school method to compare price quotes is to waste gas driving to insurance agents’ offices. The fact that you can get quotes online reduces the need to sit down with an agent unless you have a need for the professional advice that can only be provided by a licensed insurance agent. If you prefer, some companies allow you to compare the best prices online and get advice from an agent in your area.

You can use whichever method you prefer to find lower rates, just try to keep apples-to-apples coverage data for each comparison quote. If the quotes have different coverage information it will be next to impossible to make a fair comparison for your BMW 7 Series. Just slight variations in coverage limits can result in a big premium difference. Just remember that comparing more rates from different companies helps locate a lower rate than you’re paying now.

Don’t assume everyone needs the same auto insurance coverage

When it comes to choosing the right insurance coverage, there is no perfect coverage plan. Every situation is different.

For instance, these questions may help you determine whether your personal situation will benefit from professional help.

• Does my personal policy cover me when driving out-of-state?
• Do all my vehicles need collision coverage?
• Do I really need UM/UIM coverage?
• What are the best liability limits?
• Is motorclub coverage worth it?
• Am I covered when delivering products for my home-based business?
• What is high-risk coverage and where do I buy it?
• What exactly is covered by my policy?

If you’re not sure about those questions but you know they apply to you, you might consider talking to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form.

Auto insurance coverage information

Learning about specific coverages of your insurance policy can help you determine which coverages you need for your vehicles. Insurance terms can be impossible to understand and even agents have difficulty translating policy wording.

Comprehensive insurance – Comprehensive insurance coverage will pay to fix damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as theft, falling objects and a tree branch falling on your vehicle. The highest amount you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist (UM/UIM) – Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either are underinsured or have no liability coverage at all. Covered losses include medical payments for you and your occupants and also any damage incurred to your BMW 7 Series.

Since a lot of drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage should not be overlooked.

Liability – This coverage protects you from damage or injury you incur to people or other property that is your fault. This coverage protects you from claims by other people, and does not provide coverage for damage sustained by your vehicle in an accident.

Split limit liability has three limits of coverage: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. Your policy might show limits of 50/100/50 that means you have $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and property damage coverage for $50,000.

Liability coverage protects against claims like legal defense fees, bail bonds, repair bills for other people’s vehicles and medical services. How much coverage you buy is your choice, but you should buy higher limits if possible.

Med pay and Personal Injury Protection (PIP) – Coverage for medical payments and/or PIP reimburse you for expenses for surgery, doctor visits and EMT expenses. They are often utilized in addition to your health insurance plan or if you lack health insurance entirely. They cover you and your occupants in addition to if you are hit as a while walking down the street. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage

Collision – This pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims such as hitting a parking meter, rolling your car and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible to bring the cost down.

Stretch your dollar

We just presented a lot of techniques to shop for 1997 BMW 7 Series insurance online. The key concept to understand is the more price quotes you have, the higher your chance of finding the cheapest auto insurance. You may even discover the best prices are with a lesser-known regional company.

Insureds who switch companies do it for a number of reasons such as extreme rates for teen drivers, high rates after DUI convictions, being labeled a high risk driver and high prices. Regardless of your reason for switching companies, switching companies can be easy and end up saving you some money.

Some insurance providers may not have rates over the internet and many times these regional insurance providers work with independent agents. Budget-friendly insurance coverage can be bought on the web and from local insurance agents, so compare prices from both to have the best rate selection.

More information can be read at the links below

• What is Covered by GAP Insurance? (Allstate)
• Vehicle Insurance in the U.S. (Wikipedia)
• What is Full Coverage? (Allstate)
• Teen Driving Statistics (iihs.org)