How Much Does 2019 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 9, 2024

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Looking for better auto insurance rates for your BMW 7 Series? Getting cheap auto insurance online might seem somewhat difficult for price shopping over the internet. With literally dozens of insurers available, how are we expected to efficiently compare the different rates to find the lowest price?

If you currently have car insurance, you should be able to save some money using these techniques. The purpose of this article is to help educate you on how car insurance quotes work and some money-saving tips. Nevertheless, drivers must understand the methods companies use to sell insurance online.

How to buy insurance coverage online

When shopping for insurance coverage there are multiple ways to obtain and compare prices from all the different companies. By far the easiest way to compare 2019 BMW 7 Series insurance prices is simply to get online rate quotes. This is quite simple and can be completed in a couple minutes as outlined below.

  • The simplest way to find the lowest comparison rates is an all-inclusive rate comparison. This method prevents you from having to do boring form submissions for every prospective company. One quote request will return quotes from several companies. It’s the fastest way to compare.
  • Another way to analyze rates requires a trip to the website for every company you want to compare and get a separate price quote. For examples sake, we’ll pretend you want to get rates from Allstate, Progressive and GMAC. To find out each rate you need to go to every website and repeatedly enter your information, which can take a lot of time.
  • The old school way of comparing rate quotes is to waste gas driving to insurance agents’ offices. The ability to buy insurance online eliminates the middleman unless you have a complicated situation and need the guidance of a local agency. If you prefer, some companies allow you to get prices online but still have the advice of a local agent.

It’s your choice how you get your quotes, but try to keep the same deductibles and coverage limits for every quote you compare. If each company quotes different liability limits it will be next to impossible to decipher which rate is best. Even a minor difference in insurance coverages may result in large price differences. And when comparing insurance coverage rates, know that having more price comparisons provides better odds of finding the best price.

Insurance coverage policy discounts

Some insurance providers don’t always advertise every policy discount in a way that’s easy to find, so the list below gives a summary of both the well known and the more hidden credits that may apply to you.

  • ABS and Traction Control Discounts – Cars and trucks with anti-lock braking systems can stop better under adverse conditions so companies give up to a 10% discount.
  • No Charge for an Accident – Not necessarily a discount, but some insurance companies will turn a blind eye to one accident before they charge you more for coverage if you have no claims for a specific time period.
  • Telematics Discount – Insureds who allow their insurance coverage company to study driving habits by using a telematics device in their vehicle like Drivewise from Allstate or In-Drive from State Farm might get better premium rates if they are good drivers.
  • Air Bags and Passive Restraints – Factory options such as air bags or motorized seat belts can receive discounts as much as 30%.
  • Club Memberships – Being a member of a civic or occupational organization is a good way to get lower rates on your policy.

Discounts lower rates, but most credits do not apply to your bottom line cost. Most only cut the cost of specific coverages such as comp or med pay. Even though the math looks like you could get a free insurance coverage policy, you’re out of luck.

To view providers that offer discounts, enter your zip code here.

How do I know if I need professional advice?

When choosing the right insurance coverage, there really is no best way to insure your cars. Every situation is different.

For instance, these questions might help in determining whether you will benefit from professional help.

  • Is there coverage for injuries to my pets?
  • Do I benefit by insuring my home with the same company?
  • Should I buy only the required minimum liability coverage?
  • Can my babysitter drive my car?
  • Is a new car covered when I drive it off the dealer lot?
  • Is Motor Club coverage worth it?

If you can’t answer these questions but you know they apply to you, then you may want to think about talking to an agent. To find lower rates from a local agent, take a second and enter your zip code.

Why your insurance costs might be higher

The best way to find cheaper insurance is to take a look at some of the things that help calculate insurance rates. If you understand what controls the rates you pay, this helps enable you to make changes that can help you get big savings.

The factors shown below are some of the factors used by your company to calculate your prices.

  • Do you have enough liability coverage? – A critical coverage on your policy, liability insurance kicks in in the event that you are found to be at fault for physical damage or personal injury to other. Your policy’s liability insurance provides for a legal defense which can cost a lot. Liability is cheap compared to insuring for physical damage coverage, so buy as much as you can afford.
  • Do males or females drive better? – Over the last 30 years, statistics show that men are more aggressive behind the wheel. It does not mean women are BETTER drivers than men. Both genders get in fender benders in similar numbers, but guys get into accidents with more damage. Men also tend to receive more major tickets like DWI (DUI) or reckless driving.
  • Poor credit can mean higher rates – Having a bad credit score is a big factor in determining premium rates. So if your credit history is lower than you’d like, you could be paying less to insure your 2019 BMW 7 Series by taking the time to improve your credit score. Insureds that have high credit scores tend to file fewer claims and have better driving records than drivers with bad credit.
  • Single drivers may have higher premiums – Getting married may save some money on your insurance policy. Marriage demonstrates that you tend to be more financially stable it has been statistically shown that married drivers get in fewer accidents.
  • Pay more out-of-pocket – The deductibles you choose define the amount the insured will be required to pay if a claim is determined to be covered. Protection for physical damage, also known as collision and other-than-collision, protects your car from damage. Some examples of covered claims would be rear-ending another vehicle, damage from fire, and damage from wind. The more money you’re willing to pay, the less money you will pay for insurance for 7 Series coverage.
  • Pleasure use or commuting – Driving more miles in a year the more you’ll pay to insure it. A lot of companies calculate prices based upon how the vehicle is primarily used. Cars and trucks that have low annual miles receive lower rates than vehicles that have high annual mileage. Make sure your policy correctly shows how each vehicle is driven. An improperly rated 7 Series may be wasting your money.
  • Occupation stress can make you pay more – Did you know your career choice can influence rates? Occupations such as military personnel, executives and stock brokers generally have higher rates than average attributed to high stress levels and lengthy work days. Conversely, occupations like scientists, historians and homemakers get better rates for 7 Series coverage.
  • Deter car thieves – Purchasing a vehicle with anti-theft technology or alarm system can help lower your rates. Theft prevention features like LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can help prevent your vehicle from being stolen.

Insurance coverage specifics

Knowing the specifics of your insurance policy aids in choosing the best coverages at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and coverage can change by endorsement.

Uninsured Motorist or Underinsured Motorist insurance – This coverage gives you protection from other drivers when they either have no liability insurance or not enough. Covered claims include injuries sustained by your vehicle’s occupants as well as damage to your BMW 7 Series.

Due to the fact that many drivers have only the minimum liability required by law, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family.

Insurance for medical payments – Med pay and PIP coverage reimburse you for short-term medical expenses for things like ambulance fees, pain medications, dental work, hospital visits and surgery. They can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. They cover both the driver and occupants as well as getting struck while a pedestrian. PIP is not available in all states and gives slightly broader coverage than med pay

Collision – This pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. A deductible applies and then insurance will cover the remainder.

Collision coverage protects against claims such as crashing into a ditch, colliding with a tree, driving through your garage door and hitting a mailbox. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to bump up the deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision) – This covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things like fire damage, hitting a deer, hail damage, vandalism and damage from flooding. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Liability – Liability insurance protects you from damages or injuries you inflict on other’s property or people that is your fault. It protects you from legal claims by others. It does not cover your injuries or vehicle damage.

It consists of three limits, bodily injury per person, bodily injury per accident and property damage. Your policy might show policy limits of 50/100/50 which stand for $50,000 in coverage for each person’s injuries, a total of $100,000 of bodily injury coverage per accident, and property damage coverage for $50,000.

Liability coverage protects against claims like repair costs for stationary objects, attorney fees, court costs and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but consider buying as large an amount as possible.

Spend less. Save more.

More affordable auto insurance can be bought on the web and with local insurance agents, so get free insurance coverage quotes from both of them to have the best selection. Some insurance providers may not provide rates over the internet and most of the time these regional insurance providers sell through local independent agencies.

We just covered many ideas to reduce 2019 BMW 7 Series insurance car insurance rates online. The key thing to remember is the more rate comparisons you have, the better chance you’ll have of finding cheap insurance coverage. You may even find the lowest priced auto insurance comes from an unexpected company.

When you buy insurance coverage online, it’s very important that you do not buy less coverage just to save a little money. In too many instances, someone dropped full coverage only to find out that the small savings ended up costing them much more. Your aim should be to buy enough coverage at the best cost.

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