2011 BMW 7 Series Car Insurance Cost in 2024

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: May 8, 2024

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Consumers have many options when looking for the lowest priced BMW 7 Series insurance. You can either spend your time contacting agents to get rate comparisons or utilize the internet to get rate quotes.

There is a right way and a wrong way to find car insurance online so you’re going to learn the quickest way to compare rates for a BMW and obtain the lowest possible price.

The fastest way that we advise to compare policy rates is to know the fact all the major auto insurance companies have advanced systems to compare their rates. To get started, all you need to do is give the companies some data like your credit rating estimate, if you’re married, how your vehicles are used, and distance driven. That rating data is instantly provided to many different companies and you will get price comparisons very quickly.

To find the cheapest 2011 BMW 7 Series insurance rates, click here and enter the information requested.

More affordable rates with these discounts

Car insurance is not cheap, but companies offer discounts that you may not even know about. Some discounts will apply at the time of quoting, but some need to be requested specifically prior to receiving the credit.

  • Government Employees – Having worked for a branch of the government could provide a small rate reduction on 7 Series coverage depending on your auto insurance provider.
  • Multiple Cars – Purchasing coverage when you have primary and secondary vehicles on the same auto insurance policy qualifies for this discount.
  • Seat Belt Discounts – Drivers who always wear seat belts and also require passengers to use their safety belts can save a little on the medical payments or PIP coverage costs.
  • Low Mileage Discounts – Driving less can earn discounted premium rates on garaged vehicles.
  • Distant College Student Discount – Youth drivers living away from home attending college and do not have a car may qualify for this discount.
  • Discount for Good Grades – Performing well in school can get you a discount of up to 25%. This discount can apply up until you turn 25.
  • Payment Method – If you pay your bill all at once rather than paying in monthly installments you can avoid monthly service charges.

Discounts save money, but please remember that most credits do not apply to your bottom line cost. Some only reduce the cost of specific coverages such as physical damage coverage or medical payments. So even though you would think it’s possible to get free car insurance, auto insurance companies aren’t that generous.

Popular auto insurance companies and a selection of discounts can be found below.

  • GEICO may include discounts for emergency military deployment, driver training, daytime running lights, military active duty, multi-vehicle, and defensive driver.
  • USAA discounts include multi-vehicle, safe driver, driver training, defensive driver, new vehicle, multi-policy, and family discount.
  • Progressive may have discounts that include continuous coverage, homeowner, online quote discount, multi-policy, good student, online signing, and multi-vehicle.
  • American Family policyholders can earn discounts including TimeAway discount, early bird, good driver, accident-free, defensive driver, and air bags.
  • Esurance includes discounts for defensive driver, anti-theft, Switch & Save, DriveSense, and renters.
  • Farmers Insurance may offer discounts for youthful driver, switch companies, bundle discounts, business and professional, electronic funds transfer, and multi-car.
  • State Farm has discounts for defensive driving training, anti-theft, Steer Clear safe driver discount, good student, and driver’s education.

If you are trying to find inexpensive car insurance quotes, ask every prospective company which discounts you may be entitled to. Some discounts may not be offered in every state.

Insurance can be complex

When it comes to buying proper insurance coverage for your personal vehicles, there is no one size fits all plan. Each situation is unique.

For example, these questions may help highlight if you may require specific advice.

  • What is high-risk coverage and where do I buy it?
  • What can I do if my company won’t pay a claim?
  • Is my 2011 BMW 7 Series covered for flood damage?
  • Do I have any recourse if my insurance company denies a claim?
  • Does my policy cover my teen driver if they drive my company car?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Is my ex-spouse still covered by my policy?
  • Is my custom paint covered by insurance?
  • Am I covered when driving a rental car?
  • Am I getting all the discounts available?

If you’re not sure about those questions but a few of them apply, you might consider talking to a licensed agent. If you don’t have a local agent, complete your zip code. It only takes a few minutes and can help protect your family.

Car insurance specifics

Learning about specific coverages of a car insurance policy can help you determine the right coverages and proper limits and deductibles. The coverage terms in a policy can be confusing and coverage can change by endorsement.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage gives you protection from other drivers when they either have no liability insurance or not enough. Covered losses include injuries to you and your family and also any damage incurred to your BMW 7 Series.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Frequently these coverages are identical to your policy’s liability coverage.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for bills such as rehabilitation expenses, dental work and pain medications. They are used to cover expenses not covered by your health insurance program or if you lack health insurance entirely. Coverage applies to not only the driver but also the vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not universally available and gives slightly broader coverage than med pay

Liability

Liability coverage provides protection from damages or injuries you inflict on people or other property in an accident. It protects you from legal claims by others. It does not cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. You might see policy limits of 50/100/50 which stand for $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and property damage coverage for $50,000. Occasionally you may see one number which is a combined single limit which provides one coverage limit without having the split limit caps.

Liability coverage protects against things such as repair costs for stationary objects, legal defense fees, attorney fees and emergency aid. How much liability should you purchase? That is your choice, but buy as high a limit as you can afford.

Collision protection

This coverage pays to fix your vehicle from damage from colliding with a stationary object or other vehicle. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as sideswiping another vehicle, rolling your car, damaging your car on a curb, crashing into a ditch and colliding with a tree. This coverage can be expensive, so you might think about dropping it from older vehicles. Another option is to increase the deductible to save money on collision insurance.

Comprehensive insurance

This pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like damage from flooding, theft and a broken windshield. The highest amount you’ll receive from a claim is the cash value of the vehicle, so if it’s not worth much more than your deductible it’s not worth carrying full coverage.

Be a smart shopper

You just read a lot of ways to compare 2011 BMW 7 Series insurance premium rates online. The key thing to remember is the more rate comparisons you have, the more likely it is that you will get a better rate. Drivers may discover the lowest premium rates are with the smaller companies.

As you restructure your insurance plan, it’s a bad idea to sacrifice coverage to reduce premiums. In many cases, an insured cut full coverage to discover at claim time that the few dollars in savings costed them thousands. The goal is to buy enough coverage at the lowest possible cost but still have enough coverage for asset protection.

Lower-priced insurance coverage can be sourced from both online companies and from local insurance agents, and you need to price shop both to have the best rate selection. Some insurance coverage companies may not have online rate quotes and usually these regional insurance providers work with local independent agencies.

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