Compare 2010 BMW 7 Series Insurance Quotes

Paying more affordable premium rates for insurance can seem to be difficult for people new to online rate comparisons. Consumers have so many agents and companies to choose from that it can easily become a chore to find the best price.

Save a ton by earning discounts

Some insurance providers don’t list every available discount in an easy-to-find place, so below is a list both the well known and the more hidden credits that you can use to lower your rates.

• Low Mileage Discounts – Maintaining low annual mileage could be rewarded with lower premium rates on the low mileage vehicles.
• Federal Government Employee – Simply working for the federal government could cut as much as 10% off for 7 Series coverage with a few insurance companies.
• Safety Course Discount – Participating in a class that teaches defensive driver techniques is a good idea and can lower rates and easily pay for the cost of the class.
• Seat Belts Save more than Lives – Requiring all passengers to use their safety belts could cut 10% or more on the premium charged for medical payments and/or PIP.
• Professional Organizations – Joining a civic or occupational organization is a simple method to lower premiums on insurance.
• Passenger Safety Discount – Vehicles with factory air bags and/or automatic seat belt systems could see savings of 20% or more.
• Paper-free Discount – Certain insurance companies may give you up to $50 for completing your application over the internet.
• Discounts for Good Drivers – Safe drivers may save up to 50% more for 7 Series coverage compared to rates paid by drivers with frequent claims.

As a footnote on discounts, most credits do not apply to your bottom line cost. Most only cut the price of certain insurance coverages like liability, collision or medical payments. So even though it sounds like adding up those discounts means a free policy, companies don’t profit that way.

Large insurance companies and the discounts they provide can be read below.

• Farm Bureau may offer discounts for good student, driver training, safe driver, multi-vehicle, multi-policy, and renewal discount.
• MetLife policyholders can earn discounts including defensive driver, accident-free, claim-free, multi-policy, and good student.
• Progressive includes discounts for good student, continuous coverage, multi-vehicle, online signing, online quote discount, homeowner, and multi-policy.
• AAA discounts include multi-car, pay-in-full, multi-policy, good student, AAA membership discount, and anti-theft.
• American Family offers premium reductions for accident-free, early bird, Steer into Savings, good student, bundled insurance, air bags, and good driver.
• Geico may include discounts for anti-lock brakes, multi-policy, military active duty, good student, and air bags.
• State Farm offers discounts for good driver, multiple policy, defensive driving training, driver’s education, and Drive Safe & Save.

Before purchasing a policy, check with each company or agent to give you their best rates. Some discounts might not apply in your state. To see a list of insurance companies that offer multiple discounts, click here to view.

How much is insurance coverage?

There are a variety of methods to shop for insurance coverage, but there is one way that is easier and takes less work. You could spend your day discussing policy coverages with agents in your area, or you could save time and use online quotes to maximize your effort.

Many popular insurance companies participate in a marketplace that enables customers to submit their information once, and every company can give them a price based on that data. This prevents consumers from doing repetitive form submissions to each company.

To find out how much you can save on insurance coverage click here to open in new window.

The one disadvantage to comparing rates this way is you cannot specify the insurers to get quotes from. So if you want to choose individual companies to compare rates, we put together a list of companies who write insurance coverage in your area. Click here for list of insurance companies.

The method you choose is up to you, but make absolute certain that you use the exact same deductibles and coverage limits for every company. If you use different values for each quote it will be next to impossible to determine the best price for your BMW 7 Series. Just slight variations in coverage limits can make a big difference in price. Keep in mind that comparing more rates from different companies will enable you to find the best price.

Your insurance coverage should be tailored to you

When it comes to choosing adequate coverage, there is no “best” method to buy coverage. Everyone’s situation is unique.

For instance, these questions can help discover whether or not you might need professional guidance.

• Is borrowed equipment or tools covered if stolen or damaged?
• Does my policy cover my teen driver if they drive my company car?
• Do I pay less for low miles?
• How do I insure my teen driver?
• Am I insured when driving a different vehicle?
• Is a new car covered when I drive it off the dealer lot?
• Am I covered when renting a car or should I buy coverage from the car rental agency?
• If my pet gets injured in an accident are they covered?
• Will I lose any money if I cancel my policy before it expires?
• Do I need PIP (personal injury protection) coverage in my state?

If it’s difficult to answer those questions but a few of them apply, you may need to chat with a licensed insurance agent. If you don’t have a local agent, take a second and complete this form.

Car insurance coverages for a BMW 7 Series

Understanding the coverages of your policy can help you determine which coverages you need at the best deductibles and correct limits. Insurance terms can be difficult to understand and even agents have difficulty translating policy wording.

Collision – This pays to fix your vehicle from damage resulting from a collision with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision insurance covers things such as rolling your car, colliding with another moving vehicle and scraping a guard rail. This coverage can be expensive, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible to save money on collision insurance.

Comprehensive insurance – Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive can pay for claims such as hitting a bird, a tree branch falling on your vehicle and a broken windshield. The most a insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Liability auto insurance – Liability coverage will cover injuries or damage you cause to people or other property that is your fault. It protects you against claims from other people. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 100/300/100 that translate to a limit of $100,000 per injured person, $300,000 for the entire accident, and property damage coverage for $100,000.

Liability coverage pays for things like bail bonds, medical expenses and structural damage. The amount of liability coverage you purchase is up to you, but you should buy as high a limit as you can afford.

Coverage for uninsured or underinsured drivers – This coverage provides protection when other motorists do not carry enough liability coverage. Covered claims include injuries sustained by your vehicle’s occupants and also any damage incurred to your BMW 7 Series.

Since a lot of drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family.

Coverage for medical expenses – Med pay and PIP coverage pay for short-term medical expenses for things like funeral costs, prosthetic devices, pain medications, EMT expenses and X-ray expenses. They are used to cover expenses not covered by your health insurance plan or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Power to the consumer

When searching for cheap insurance quotes, make sure you don’t sacrifice coverage to reduce premiums. In too many instances, drivers have reduced full coverage only to find out they didn’t purchase enough coverage. The proper strategy is to purchase plenty of coverage for the lowest price, but do not sacrifice coverage to save money.

We covered a lot of tips how to reduce 2010 BMW 7 Series insurance car insurance rates online. The most important thing to understand is the more times you quote, the higher your chance of finding cheaper insurance. Consumers could even find that the lowest car insurance rates come from a small mutual company.

Drivers change insurance companies for a number of reasons such as delays in responding to claim requests, unfair underwriting practices, extreme rates for teen drivers or even high rates after DUI convictions. It doesn’t matter what your reason, finding a new insurance company can be less work than you think.

Much more information about insurance is available at the links below

• Cellphones, Texting and Driving (iihs.org)
• Insuring a Leased Car (Insurance Information Insitute)
• Coverage Information (Progressive Insurance)
• Distracted Driving Extends Beyond Texting (State Farm)