View 2008 BMW 7 Series Car Insurance Rates

Looking for the cheapest auto insurance rates for your BMW 7 Series? Are you tired of sacrificing to pay your auto insurance bill each month? You’re in the same situation as millions of other consumers. Many auto insurance companies vie for your hard-earned dollar, and it can be difficult to compare rates and uncover the absolute best price available.

Consumers should take time to do price comparisons before your next renewal since rates go up and down regularly. Even if you think you had the lowest premium rates for 7 Series insurance at your last renewal the chances are good that you can find a lower price today. Block out anything you think you know about auto insurance because you’re about to learn one of the quickest ways to save money, get proper coverage and the best rates.

These discounts can lower car insurance rates

Not too many consumers would say car insurance is affordable, but you may qualify for discounts that you may not even know about. Some discounts apply automatically at the time of quoting, but a few must be requested specifically prior to getting the savings.

• Discounts for New Vehicles – Buying a new car model is cheaper because newer vehicles keep occupants safer.
• Driver Training Discounts – Completing a course teaching safe driver skills could possibly earn you a 5% discount and also improve your driving technique.
• Bundled Policy Discount – If you can combine your home and auto policy with one insurance company you may save at least 10% off all policies.
• First Accident Forgiveness – Not really a discount, but some companies like Allstate and State Farm will forgive one accident before hitting you with a surcharge so long as you haven’t had any claims for a set time period.
• Anti-theft Discount – Anti-theft and alarm system equipped vehicles can help prevent theft and will save you 10% or more.
• Low Mileage Discounts – Keeping the miles down on your BMW can earn lower rates on the low mileage vehicles.

One last thing about discounts, some of the credits will not apply to the overall cost of the policy. Most only cut specific coverage prices like liability, collision or medical payments. Even though it appears having all the discounts means you get insurance for free, you’re out of luck. Any qualifying discounts will help reduce the cost of coverage.

Companies and their possible discounts can be read below.

• Geico offers discounts for multi-vehicle, air bags, anti-theft, five-year accident-free, and federal employee.
• MetLife discounts include good driver, defensive driver, multi-policy, claim-free, accident-free, and good student.
• State Farm may include discounts for good driver, Steer Clear safe driver discount, multiple autos, defensive driving training, accident-free, and Drive Safe & Save.
• Progressive includes discounts for continuous coverage, good student, multi-vehicle, online quote discount, and multi-policy.
• Mercury Insurance offers discounts including type of vehicle, accident-free, professional/association, annual mileage, ease of repair, and multi-policy.
• 21st Century has savings for early bird, good student, theft prevention, 55 and older, air bags, homeowners, and driver training.
• Allstate policyholders can earn discounts including farm vehicle, utility vehicle, anti-theft, 55 and retired, EZ pay plan discount, and safe driver.

Before purchasing a policy, check with every insurance company the best way to save money. A few discounts may not apply to policyholders in your state. If you would like to view insurers that provide some of the discounts listed above, click this link.

The method we recommend to compare rate quotes is to know the trick auto insurance companies will pay a fee to compare rate quotes. All consumers are required to do is provide a small amount of information including the ages of drivers, level of coverage desired, if the vehicle is leased, and whether you have decent credit. Your details is submitted instantly to insurance companies and you get price estimates within a short period of time.

To find lower rates now, click here and enter your zip code.

Lower your insurance premiums

When buying car insurance it’s important to understand the factors that aid in calculating the price you pay for car insurance. If you understand what determines base rates, this enables you to make decisions that could help you find much lower annual insurance costs. Multiple criteria are taken into consideration when you get your auto insurance bill. A few of the factors are predictable such as your driving history, but others are more transparent like your continuous coverage or how safe your car is.

• High credit scores save money – Having a bad credit rating factor in calculating your car insurance rates. Insureds with very high credit ratings tend to be better drivers and file fewer claims than drivers with worse credit. If your credit is lower than you’d like, you may save money insuring your 2008 BMW 7 Series by spending a little time repairing your credit.
• Do men or women drive better? – Statistics demonstrate that females take fewer risks when driving. However, this does not mean women are BETTER drivers than men. Men and women are responsible for accidents in similar percentages, but the men have costlier accidents. In addition to higher claims, males also get ticketed for serious violations like reckless driving and DUI. Young men ages 16 to 20 are most likely to cause an accident and therefore pay the highest rates.
• Rates may be lower depending on your job – Occupations like real estate brokerspolice officers and accountants have the highest average rates due to intense work-related stress and lengthy work days. On the other hand, occupations like professors, historians and the unemployed pay lower than average rates for 7 Series insurance.
• Policy add-ons add up – Insurance policies have a lot of additional extra coverages you can purchase if you aren’t careful. Insurance for coverage for rental cars, accident forgiveness, and motor club memberships may be wasting your money. You may think they are a good idea when discussing your needs, but your money might be better spent on other coverage so eliminate the coverages to reduce your premium.

When do I need an agent’s advice?

When it comes to buying coverage, there is no single plan that fits everyone. Everyone’s needs are different so your insurance needs to address that. Here are some questions about coverages that might point out if you might need professional guidance.

• Where can I get insurance after a DUI in my state?
• Will my rates increase for filing one claim?
• Is my state a no-fault state?
• Do I get a pro-rated refund if I cancel my policy early?
• Why am I required to buy liability insurance?
• Why do I only qualify for high-risk insurance?
• Does insurance cover damages from a DUI accident?
• How much liability coverage do I need in my state?

If it’s difficult to answer those questions but one or more may apply to you, you may need to chat with an insurance agent. To find lower rates from a local agent, take a second and complete this form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.

Tricks in insurance coverage advertising

Consumers can’t ignore all the ads that claim the cheapest prices by companies like Allstate, Geico and Progressive. All the companies tend to make the same promise that drivers can save some big amount if you change to them.

How does every company charge you a lower premium? Just pay attention to how they say it.

Most companies quote their best rates for the right customer that will not have excessive claims. For example, a driver they prefer may need to be over the age of 45, has a low-risk occupation, and the vehicle is rated for pleasure use. Anybody who meets those qualifications will most likely get cheap car insurance rates and will most likely save some money.

Drivers who don’t meet these criteria will have to pay higher premium rates with the end result being the prospect going elsewhere. If you listen to the ad wording, they say “people that switch” not “everybody who quotes” save that much. That’s why companies can make those statements.

This really illustrates why you need to get as many free insurance quotes as possible. It’s just too difficult to predict which insurance companies will have the best prices for your profile.

Insurance coverage considerations

Having a good grasp of insurance can help you determine appropriate coverage and proper limits and deductibles. Insurance terms can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverage types found on most insurance policies.

Comprehensive coverage

Comprehensive insurance coverage pays to fix your vehicle from damage from a wide range of events other than collision. You first must pay your deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things such as falling objects, theft, hail damage, hitting a deer and damage from getting keyed. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Uninsured/Underinsured Motorist coverage

This provides protection from other motorists when they do not carry enough liability coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important. Normally your uninsured/underinsured motorist coverages are set the same as your liablity limits.

Medical payments coverage and PIP

Med pay and PIP coverage provide coverage for bills for things like hospital visits, chiropractic care, pain medications, EMT expenses and dental work. They are often used in conjunction with a health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers getting struck while a pedestrian. PIP is not an option in every state but it provides additional coverages not offered by medical payments coverage

Liability coverages

Liability coverage protects you from damage that occurs to other’s property or people. This insurance protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. Your policy might show values of 100/300/100 that means you have a $100,000 limit per person for injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which combines the three limits into one amount with no separate limits for injury or property damage.

Liability can pay for claims such as repair costs for stationary objects, court costs, pain and suffering and bail bonds. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as high a limit as you can afford.

Collision protection

Collision insurance covers damage to your 7 Series resulting from a collision with an object or car. A deductible applies and then insurance will cover the remainder.

Collision can pay for claims such as hitting a mailbox, backing into a parked car and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so you might think about dropping it from vehicles that are older. Drivers also have the option to choose a higher deductible to bring the cost down.

Shop around and save

Cost effective 2008 BMW 7 Series insurance is definitely available on the web and also from your neighborhood agents, and you need to price shop both to have the best rate selection. A few companies don’t offer rates over the internet and many times these small, regional companies prefer to sell through independent agents.

As you restructure your insurance plan, it’s not a good idea to reduce needed coverages to save money. There are too many instances where drivers have reduced physical damage coverage to discover at claim time that the savings was not a smart move. Your goal should be to buy the best coverage you can find at the best price, but do not sacrifice coverage to save money.

Helpful information

• State Car Insurance Guides (Geico)
• Get the Right Protection (InsureUonline.org)
• Choosing a Car for Your Teen (State Farm)
• Uninsured Motorists: Threats on the Road (Insurance Information Insitute)
• Anti-Lock Brake FAQ (iihs.org)
• Prom Night Tips for Teen Drivers (State Farm)