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BMW 7 Series Insurance Rates

You have many choices when buying insurance for your BMW vehicle. You can buy from an insurance agent or go online to compare insurance costs of lots of different providers. Shopping for car insurance through online providers can be fast and easy, in addition you may find lower rates.

If shopping for car insurance online is new to you, you may be confused by the hoards of car insurance companies selling insurance. The are a couple different ways to compare quotes from car insurance companies in your area. The recommended way to find the cheapest 7 Series insurance cost consists of shopping online. This is very easy and can be done by getting a quick quote here.

Criteria which help determine 7 Series insurance quotes

Insurance premiums for a BMW 7 Series will vary greatly depending on several factors. A few of these criteria are:

  • Higher performance 7 Series vehicles cost more
  • Your accident history
  • Whether you insure your home with the same company
  • Use of your vehicle
  • Your age
  • Being married may save money
  • Optional coverages like vehicle replacement
  • Your job
  • The amount of protection requested
  • Owning a home can lower rates

One important consideration that will help determine your rates is the age of the vehicle. Older cars and trucks have a much lower replacement value compared to new BMW models so repair costs tend to be lower which may result in lower rates. But newer models have more advanced features including active head restraints, an advanced theft deterrent system, and lane departure warning system so those may help offset higher rates.

To get more specific information about how much rates will be for your vehicle, select the year of your 7 Series from the following list.

Liability auto insurance - This coverage protects you from injuries or damage you cause to other people or property by causing an accident. Liability insurance covers claims such as funeral expenses, loss of income, and emergency aid. Coverage is generally pretty cheap so buy as much as you can afford.

Collision coverage - Collision coverage pays for damage to your BMW caused by collision with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in. 7 Series collision insurance is rather expensive coverage, so you might think about dropping it from lower value vehicles. Drivers also have the option to increase the deductible to save money on collision insurance.

Comprehensive (Other than Collision) - Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay. The maximum amount a car insurance company will pay at claim time is the ACV or actual cash value, so if your deductible is as high as the vehicle's value consider dropping full coverage.

Uninsured/Underinsured Motorist coverage - This coverage provides protection when the "other guys" do not carry enough liability coverage. Due to the fact that many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. For this reason, having high UM/UIM coverages is important protection for you and your family.

Medical expense insurance - Med pay and PIP coverage pay for bills like ambulance fees, surgery, and doctor visits. They can be used to fill the gap from your health insurance plan or if there is no health insurance coverage. Personal Injury Protection is not available in all states and may carry a deductible.

How Much are BMW 7 Series Insurance Rates?