Compare 2017 BMW 7 Series Insurance Rates

Trying to find lower insurance rates for your BMW 7 Series? Are you intimidated by the sheer number of insurance providers that you can choose from? You’re not alone. There are such a large number of options that it can turn into a ton of work to find the best insurance rates.

Low cost insurance coverage quotes

All the larger insurance coverage companies give coverage price quotes directly from their websites. Getting quotes doesn’t take a lot of time as you just enter the coverage amounts you desire as detailed in the form. Once you submit the form, the system sends out for information on your driving record and credit history and provides a quote based on these and other factors.

Online price quotes makes it a lot easier to compare rates but the process of having to visit several different sites and type in your information is a waste of time. But it’s necessary to have as many quotes as possible if you are searching for the best price possible.

Online rates the easy way

A less time-consuming method to find cheaper rates is to use a quote form to return rates from more than one company. It’s a real time-saver, requires much less work on your part, and makes online quotes a lot less work. As soon as you send your information, your coverage is rated and you can select any of the returned quotes.

If you find a better price you simply finish the application and purchase the new policy. The entire process just takes a couple of minutes and you will know how your current rates stack up.

To find out how much you can save on insurance coverage, click here to open in a new tab and fill out the form. If you have your current policy handy, we recommend you enter the limits and deductibles exactly as they are listed on your policy. Using the same limits helps guarantee you’re receiving a fair comparison for similar coverage.

Get lower-cost rates with these discounts

Car insurance companies don’t always list all possible discounts in a way that’s easy to find, so below is a list both the well known as well as some of the hidden insurance coverage savings.

  • Multiple Policy Discount – When you have multiple policies with the same company you could earn a discount of approximately 10% to 15%.
  • Anti-lock Brake Discount – Vehicles that have anti-lock braking systems prevent accidents so companies give up to a 10% discount.
  • Seat Belts Save more than Lives – Drivers who require all vehicle occupants to use their safety belts can save a little on the premium charged for medical payments and/or PIP.
  • Fewer Miles Equal More Savings – Maintaining low annual mileage could be rewarded with better insurance coveragerates on cars that stay parked.
  • Paper-free Discount – Some of the larger companies will discount your bill up to fifty bucks for buying a policy and signing up on the internet.
  • Driver’s Ed – Have your child enroll in driver’s education if it’s offered in school.
  • Passive Restraint Discount – Vehicles equipped with air bags or automatic seat belts may earn rate discounts up to 30%.
  • Payment Method – If you pay your entire premium ahead of time instead of paying each month you could save 5% or more.
  • New Car Discount – Buying a new car model can cost up to 25% less since newer models are generally safer.
  • Smart Student Discounts – A discount for being a good student can get you a discount of up to 25%. This discount can apply until age 25.

Policy discounts save money, but most discount credits are not given to your bottom line cost. Most cut the price of certain insurance coverages like liability and collision coverage. Even though it appears having all the discounts means you get insurance for free, it’s just not the way it works. But any discount will help reduce the premium cost.

A few popular companies and a partial list of their discounts are included below.

  • Geico policyholders can earn discounts including driver training, five-year accident-free, defensive driver, anti-theft, daytime running lights, multi-policy, and seat belt use.
  • USAA offers premium reductions for safe driver, good student, driver training, multi-vehicle, family discount, and annual mileage.
  • Progressive has savings for online signing, multi-vehicle, online quote discount, homeowner, continuous coverage, good student, and multi-policy.
  • American Family offers discounts for defensive driver, multi-vehicle, bundled insurance, good student, TimeAway discount, air bags, and accident-free.
  • Esurance offers discounts including renters, good driver, claim free, homeowner, DriveSense, and defensive driver.
  • Farmers Insurance discounts include business and professional, good student, distant student, youthful driver, mature driver, and early shopping.
  • State Farm may have discounts that include multiple autos, Drive Safe & Save, good driver, multiple policy, defensive driving training, anti-theft, and driver’s education.

If you need lower rates, check with each company to give you their best rates. A few discounts might not apply in your area. To find insurance companies with the best insurance coverage discounts, click here.

Insurance can be complex

When it comes to choosing proper insurance coverage for your personal vehicles, there is no single plan that fits everyone. Every situation is different.

For example, these questions could help you determine whether you might need an agent’s assistance.

  • Does my insurance cover my expensive audio equipment?
  • Who is covered when they drive my 2017 BMW 7 Series?
  • Does coverage extend to Mexico or Canada?
  • Is my custom paint covered by insurance?
  • Where can I find DUI or SR-22 insurance?
  • Can I afford to pay high deductible claims out of pocket?
  • Should I waive the damage coverage when renting a car?
  • Do I have coverage when pulling a U-Haul trailer?
  • Should I buy only the required minimum liability coverage?
  • How do I insure my teen driver?

If you can’t answer these questions but you know they apply to you then you might want to talk to a licensed insurance agent. If you don’t have a local agent, simply complete this short form.

Specific coverages for a 2017 BMW 7 Series

Knowing the specifics of insurance helps when choosing which coverages you need and the correct deductibles and limits. Insurance terms can be confusing and nobody wants to actually read their policy.

Uninsured/Underinsured Motorist coverage – This coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only carry the minimum required liability limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Frequently your uninsured/underinsured motorist coverages do not exceed the liability coverage limits.

Medical payments coverage and PIP – Coverage for medical payments and/or PIP pay for immediate expenses for funeral costs, rehabilitation expenses, EMT expenses, dental work and nursing services. They can be utilized in addition to your health insurance program or if you are not covered by health insurance. It covers you and your occupants and also covers any family member struck as a pedestrian. PIP coverage is not available in all states and may carry a deductible

Liability insurance – Liability coverage protects you from damage that occurs to other people or property. It protects YOU from legal claims by others. Liability doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You commonly see limits of 100/300/100 which stand for $100,000 bodily injury coverage, a limit of $300,000 in injury protection per accident, and property damage coverage for $100,000. Occasionally you may see one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability insurance covers things such as medical services, medical expenses, loss of income, repair bills for other people’s vehicles and repair costs for stationary objects. How much liability should you purchase? That is up to you, but buy higher limits if possible.

Comprehensive coverage – Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage pays for claims such as hitting a bird, hail damage and a tree branch falling on your vehicle. The most your insurance company will pay is the cash value of the vehicle, so if the vehicle’s value is low consider removing comprehensive coverage.

Collision – This coverage pays for damage to your 7 Series resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like hitting a mailbox, backing into a parked car and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from older vehicles. You can also bump up the deductible to get cheaper collision coverage.

You can do this!

We’ve covered a lot of tips how to save on 2017 BMW 7 Series insurance. The key thing to remember is the more rate comparisons you have, the better your comparison will be. Drivers may discover the lowest priced auto insurance comes from a lesser-known regional company.

People switch companies for many reasons like extreme rates for teen drivers, being labeled a high risk driver, delays in responding to claim requests or even policy non-renewal. It doesn’t matter what your reason, choosing a new insurance company can be pretty painless.

When getting insurance coverage quotes online, it’s very important that you do not reduce needed coverages to save money. In many instances, drivers have reduced full coverage to discover at claim time that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to buy the best coverage you can find at a price you can afford while still protecting your assets.

Additional information can be read at the links below

Comments About 2017 BMW 7 Series Insurance

  1. Mayra Morton

    For me, GEICO was by far the cheapest in Mesa, Arizona.

  2. Liana Banks

    I’m just north of Springfield, MA. Don’t remember every company but I ended up saving about $20 each month. It never hurts to quote around.

  3. Darron Velez

    Great site. From North Charleston, SC. I compared lots of rates. Saved darn near $50 a month. Allstate was the cheapest for me. Was with Erie. Thankfully I’m not a high risk driver. Wish I didn’t have to insure at all.

  4. Millicent Kline

    I live in Jersey City, New Jersey. I quoted with 21st Century, Farmers, and Liberty Mutual for my 7 Series and saved $273 a year. I get lower rates because of my clean driving record. You can get a rate quote online.

  5. Suzanna Nelson

    Need cheaper insurance rates for my teenage driver in Baltimore, MD!!

  6. Piper Oneal

    Well-written and thought out article. From a town just southwest of Warwick, Rhode Island. Received rates from GEICO, Auto-Owners, Eastwood, and The General for my 7 Series and I think I saved about $30 each month. My new agent seems to be really good.

  7. Jolie Sloan

    I got a good deal I think. Lifelong resident of Las Cruces, NM. Checked online prices for a 2017 BMW 7 Series. Ended up at about $340 savings annually. Went with 21st Century. Insured with Erie before. I recommend comparing lots of rates.

  8. Clemencia Morgan

    Is Progressive or Allstate cheaper in Providence, RI?

  9. Denisse Scott

    IT’S ALL TOO EXPENSIVE! I’m in the west part of Salem, OR. Got car insurance rates from Allstate, Eastwood, and Liberty Mutual for my 2017 BMW 7 Series and am saving around $340 a year. Thankfully I have a good driving record.