Compare 2010 BMW 7 Series Insurance Rates

Purchasing the lowest cost insurance coverage on the internet can seem to be difficult for consumers not familiar with buying insurance online. With dozens of online companies available, how can anyone even start to compare every one to find the lowest price?

Consumers need to shop coverage around yearly because rates are variable and change quite frequently. Just because you had the lowest price for 7 Series insurance six months ago the chances are good that you can find a lower rate today. Starting now, forget all the misinformation about insurance coverage because you’re going to get a crash course in the best methods to properly buy coverages and cut your premium.

Buying car insurance is not rocket science. Just about every driver who shops for car insurance stands a good chance to be able to lower their premiums. But drivers can benefit by having an understanding of how the larger insurance companies market on the web and take advantage of how the system works.

Don’t overlook these discounts

Companies offering auto insurance don’t necessarily list all available discounts in an easy-to-find place, so we researched both well-publicized and also the lesser-known ways to save on insurance.

  • Student Driver Training – Cut your cost by having your teen driver enroll in driver’s education in school.
  • Distant Student – Children who live away from home and don’t have a car can receive lower rates.
  • Multi-policy Discount – If you have multiple policies with the same insurance company you may earn at least 10% off all policies.
  • Good Student Discount – Performing well in school can save 20 to 25%. Earning this discount can benefit you up to age 25.
  • Multiple Vehicles – Having multiple vehicles with the same company qualifies for this discount.
  • Discount for New Cars – Putting insurance coverage on a new car can save up to 30% since new cars are generally safer.
  • Paperwork-free – Some insurance companies give back up to $50 simply for signing on their website.

Keep in mind that some credits don’t apply to the entire cost. Some only reduce the price of certain insurance coverages like medical payments or collision. So even though they make it sound like you could get a free insurance policy, you’re out of luck.

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

It’s a good idea to ask all companies you are considering which discounts they offer. All car insurance discounts might not apply in your area.

Free Quotes for Car Insurance

The are a couple different ways to compare rate quotes from local car insurance companies. One of the best ways to find competitive 2010 BMW 7 Series insurance rates involves getting comparison quotes online. This can be accomplished in a couple of different ways.

  1. Probably the best way to get quotes for comparison is to use a rate comparison form (click to open form in new window). This easy form keeps you from doing separate quotation requests for every car insurance company. Taking the time to complete one form gets you price quotes from all major companies. This is by far the quickest method.
  2. Another way to shop for car insurance online is to take the time to go to the website of each company to complete a price quote. For instance, let’s assume you want comparison quotes from Allstate, Progressive and Farmers. You would have to spend time on each company’s site and enter your information, which is why the first method is more popular.

    For a handy list of car insurance company links in your area, click here.

  3. The hardest method to get comparison rates is to spend time driving to and from local insurance agencies. The internet eliminates the need for an insurance agent unless you require the professional guidance of a licensed agent. Drivers can compare the best prices online and get advice from an agent in your area and we’ll talk about that later.

Which method you use is up to you, but be sure to compare exactly the same quote information on every quote. If you are comparing different deductibles it’s impossible to make a fair comparison for your BMW 7 Series. Having just a slight variation in coverage limits can make a big difference in price. Just keep in mind that having more price comparisons provides better odds of finding the best rates.

BMW 7 Series insurance rates are influenced by…

Consumers need to have an understanding of the rating factors that come into play when calculating car insurance rates. Having a good understanding of what determines base rates empowers consumers to make smart changes that could result in big savings.

  • Males pay more for insurance – Statistics have proven women are more cautious behind the wheel. However, this does not mean women are better drivers. They both cause accidents at about the same rate, but the male of the species have costlier accidents. Men also tend to receive more costly citations like DUI and reckless driving. Young males are several times more likely to be in an accident and therefore have the most expensive car insurance rates.
  • Marriage brings a discount – Having a spouse can actually save you money on car insurance. It means you’re more responsible and statistics show drivers who are married are more cautious.
  • Protect yourself with liability coverage – Liability coverage is the coverage that protects you when a jury decides you are liable for causing damage or personal injury in an accident. Liability insurance provides you with a defense in court up to the limits shown on your policy. Liability insurance is quite affordable when compared with rates for comp and collision, so do not skimp.
  • Rates may be higher depending on your occupation – Careers like judges, social workers and dentists have the highest average rates due to stressful work requirements and lots of time spent at work. Other occupations like farmers, historians and the unemployed get better rates for 7 Series insurance.
  • High numbers of claims are not good – Companies award cheaper rates to insureds who do not file claims often. If you tend to file frequent claims, you can definitely plan on either policy cancellation or increased premiums. Your insurance policy is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Traffic violations increase rates – Whether or not you get tickets has a lot to do with how much you pay for insurance. Only having one citation can bump up the cost twenty percent or more. Drivers who don’t get tickets receive lower rates than bad drivers. Drivers with serious tickets like DUI or reckless driving are required to submit a SR-22 form with their state DMV in order to continue driving.
  • Do you need those extra coverages? – There are a lot of extra coverages that can waste your money when buying car insurance. Things like personal injury protection, accident forgiveness and motor club memberships may be costing you every month. These coverages may sound good when you first buy your policy, but if you don’t need them remove them from your policy.
  • What are your deductibles? – The deductibles define the amount you are willing to pay out-of-pocket before a claim is paid by your company. Physical damage coverage, otherwise known as comp (or other than collision) and collision, insures against damage to your car. A few examples of covered claims would be running into the backend of another car, damage from fire, or theft. The more money you have to pay, the less your car insurance will be for 7 Series insurance.

Is my situation unique?

When it comes to choosing the best insurance coverage coverage, there really is not a perfect coverage plan. Everyone’s needs are different.

For instance, these questions might point out if your situation would benefit from an agent’s advice.

  • Do I get a pro-rated refund if I cancel my policy early?
  • Do I have any recourse if my insurance company denies a claim?
  • Is a new car covered when I drive it off the dealer lot?
  • When would I need additional glass coverage?
  • Does car insurance cover theft of personal property?
  • Do I need more liability coverage?
  • How do I insure my teen driver?
  • Is there coverage for injuries to my pets?

If you can’t answer these questions but a few of them apply, you might consider talking to an insurance agent. To find lower rates from a local agent, fill out this quick form.

Insurance coverage options for a 2010 BMW 7 Series

Understanding the coverages of your policy can help you determine which coverages you need for your vehicles. The terms used in a policy can be impossible to understand and even agents have difficulty translating policy wording.

Auto liability

Liability insurance can cover damage or injury you incur to other’s property or people. It protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have limits of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, a per accident bodily injury limit of $100,000, and property damage coverage for $50,000.

Liability can pay for claims like medical expenses, repair costs for stationary objects 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.

Medical costs insurance

Coverage for medical payments and/or PIP pay for expenses like nursing services, pain medications and ambulance fees. The coverages can be used to fill the gap from your health insurance policy or if you lack health insurance entirely. They cover both the driver and occupants and also covers getting struck while a pedestrian. Personal Injury Protection is not an option in every state but can be used in place of medical payments coverage

Comprehensive or Other Than Collision

Comprehensive insurance 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 claims such as rock chips in glass, a tree branch falling on your vehicle, hitting a bird and vandalism. The maximum amount your insurance company will pay is the actual cash value, so if the vehicle is not worth much consider dropping full coverage.

UM/UIM Coverage

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered losses include hospital bills for your injuries and also any damage incurred to your BMW 7 Series.

Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Collision protection

Collision insurance will pay to fix damage to your 7 Series resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then your collision coverage will kick in.

Collision insurance covers claims such as crashing into a building, backing into a parked car, sideswiping another vehicle, damaging your car on a curb and sustaining damage from a pot hole. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. You can also increase the deductible to save money on collision insurance.

Save your cold hard cash

Lower-priced 2010 BMW 7 Series insurance can be purchased online and with local insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some companies do not offer online price quotes and many times these small insurance companies only sell through independent insurance agents.

You just learned many tips how you can shop for insurance online. The key thing to remember is the more providers you compare, the better your chances of lowering your rates. You may be surprised to find that the lowest rates come from some of the lesser-known companies.

As you shop your coverage around, it’s very important that you do not buy lower coverage limits just to save a few bucks. In many instances, an accident victim reduced collision coverage to discover at claim time that it was a big error on their part. The aim is to buy the best coverage you can find at an affordable rate, not the least amount of coverage.

Even more information can be found by following these links: