Car Insurance Quotes for the BMW 7 Series

Did you know the BMW 7 Series has been in production since 1977? This luxurious sedan is known for its opulent design and cutting-edge technology features.

When it comes to protecting your prized BMW 7, having auto insurance is a necessity. The average liability auto insurance cost for this vehicle model is $85 per month, while full coverage insurance can average around $245 per month.

At Freeway Insurance, we specialize in finding the most affordable coverage solutions tailored to your needs, even if you have a complex driving record. With our agent’s expertise, you can secure comprehensive protection and enjoy substantial discounts that fit your budget while ensuring your beloved BMW 7 Series is safeguarded on the road.

When you’re looking to get a quote, your agent will discuss different auto insurance options that could work for you and your budget. The options you pick, such as additional car coverage, as well as some other considerations we will talk to you about later on, will impact the final cost you’ll end up with. Remember, understanding full coverage and state minimum liability are key when it comes to policies.

Full Coverage

Cruising around in your luxurious ride comes with its own expenses for repairs. To protect your investment, one of the best things you can do is get full car insurance, which costs around $245 per month for your BMW.

With this plan, your carrier will cover your damages from a crash and even pay your repair bills. Plus, this policy offers protection in unexpected situations like theft or vandalism of your BMW while you’re running errands or just hanging out with friends.

State Minimum Liability

If you’re only willing to shell out the minimum for your sedan’s protection, maybe the right choice for you is to just meet the state’s auto insurance requirements. For your 7 Series, a liability car coverage policy has an average cost of $85 per month.

It’s a wallet-friendly option, but remember, in the event of a collision, your insurer won’t be footing the bill for any damage to your own wheels.

Each state has its own specific standards for liability coverage. For example, the new minimum auto insurance in California includes $30,000 for bodily injury/death liability per person, $60,000 per accident, and $15,000 for property damage. So, if you have a serious accident in which you crash into traffic light poles or end up breaking all the windows at the entrance of a store, your insurance will only cover up to $15,000, leaving you to cover the rest, and you’ll also have to pay your own costs to repair your vehicle, if it can be repaired and doesn’t end up being a total loss.

Insurance providers take into consideration various factors when determining premiums. For instance, they examine the high theft rates reported by the National Highway Traffic Safety Administration for this model and the inherent risk and cost associated with luxury vehicles.

Additionally, there are other factors that can impact the price of your vehicle protection, such as:

Your Location

Car insurance rules are set by each state, so prices can vary a bunch based on where you call home. It all depends on the minimum coverage requirements and whether they follow an at-fault or no-fault system after a car crash. For instance, insuring a BMW 7 Series in a no-fault state like Florida can cost around $130, while in Texas, it’s about $73.

Credit Score

In a lot of states, having solid credit can lead to lower premiums compared to those with not-so-great financial records.

However, in California, Hawaii, and Michigan, providers aren’t allowed to factor in your credit history when working out your costs.

Driving Experience

Your years on the road are a key factor insurers consider when assessing risk. New drivers are seen as higher risk compared to those with decades of driving experience.

Dealing with the aftermath of a DUI means your insurance rates won’t stay the same. It’ll take some years of steering clear of trouble to show carriers that you’re all about safe driving.

On top of that, you’ll be labeled as a high-risk driver, and they might ask you to get SR-22 insurance. So, get ready for your coverage costs to go up considerably.

Who said luxury car insurance has to break the bank? You don’t have to overpay just because you drive a fancy BMW. Getting cheap car insurance is easier than you think if you take advantage of the different auto insurance discounts that carriers offer. Some of them include: