Cheap 2018 BMW 7 Series Insurance Quotes 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 lower auto insurance rates for your BMW 7 Series? Finding low-cost insurance for a BMW 7 Series could be difficult, but you can use the following methods and make it easy.

There is a better way to find auto insurance online and we’ll show you the best way to compare rates on a BMW and obtain the best price possible from local insurance agents and online providers.

Save a ton by taking advantage of discounts

Some insurance providers don’t always advertise all available discounts in an easy-to-find place, so the following is a list of both the well known in addition to some of the lesser obvious credits that may apply to you.

  • Employee of Federal Government – Active or retired federal employment may qualify for a discount when you quote car insurance on 7 Series coverage with a few insurance coverage companies.
  • Safety Course Discount – Taking a class that teaches driver safety techniques could earn you a small percentage discount if your company offers it.
  • Discount for Good Grades – Performing well in school may save you up to 25%. Earning this discount can benefit you until age 25.
  • Discounts for Seat Belt Usage – Drivers who require all vehicle occupants to buckle up before driving can save up to 10 percent (depending on the company) off the PIP or medical payment premium.
  • Clubs and Organizations – Having an affiliation with a civic or occupational organization could qualify you for a break on your bill.
  • Discount for Life Insurance – Select insurance coverage companies reward you with a small discount if you purchase auto and life insurance together.
  • Passive Restraints – Options like air bags or automatic seat belts could see savings of up to 25% or more.
  • College Student – who are enrolled in higher education away from home and do not have access to a covered vehicle could qualify for this discount.
  • Military Discounts – Being deployed in the military can result in better rates.

Don’t be surprised that some credits don’t apply to your bottom line cost. Most only apply to the price of certain insurance coverages like medical payments or collision. Despite the fact that it seems like it’s possible to get free car insurance, you’re out of luck.

A few of the larger companies and some of their more popular discounts are shown below.

  • American Family offers discounts including air bags, defensive driver, good driver, early bird, Steer into Savings, and TimeAway discount.
  • State Farm includes discounts for anti-theft, Drive Safe & Save, good student, safe vehicle, Steer Clear safe driver discount, and driver’s education.
  • 21st Century offers discounts for air bags, defensive driver, driver training, good student, automatic seat belts, and early bird.
  • Travelers may offer discounts for hybrid/electric vehicle, new car, driver training, IntelliDrive, and good student.
  • GEICO offers premium reductions for multi-policy, seat belt use, multi-vehicle, good student, daytime running lights, and anti-theft.

Before purchasing a policy, check with every prospective company to apply every possible discount. Some discounts may not apply in your area.

Which auto insurance is cheapest?

Shopping for lower auto insurance rates can take hours if you aren’t aware of the easiest way. You could spend your day talking to agents in your area, or you could save time and use online quoting to accomplish the same thing much quicker.

Many of the larger companies participate in a marketplace that allows shoppers to enter their policy data once, and each company returns a competitive quote. This system prevents you from having to do repetitive form submissions to each individual auto insurance company. To compare rates using this form now enter your zip code here.

The one downside to pricing coverage this way is you don’t know exactly the companies you will receive quotes from. So if you want to choose from a list of companies to compare rates, we have assembled a list of auto insurance companies in your area. Click to enter zip code.

The method you choose is up to you, but ensure you’re using equivalent coverage data for each quote you get. If you use mixed coverages it will be impossible to make a fair rate comparison.

How much auto insurance do I need?

When choosing the right insurance coverage, there isn’t really a “best” method to buy coverage. Every insured’s situation is different.

Here are some questions about coverages that might help in determining if you could use an agent’s help.

  • I have health insurance so do I need medical payments coverage?
  • Am I covered if I break a side mirror?
  • Why do I only qualify for high-risk insurance?
  • Do I need higher collision deductibles?
  • Am I covered when delivering products for my home-based business?
  • Are my friends covered when driving my 2018 BMW 7 Series?
  • Does my insurance cover damage caused when ticketed for reckless driving?

If you don’t know the answers to these questions but a few of them apply then you might want to talk to a licensed agent. If you want to speak to an agent in your area, fill out your zip code. It’s fast, free and may give you better protection.

Information about specific coverages

Knowing the specifics of your policy helps when choosing appropriate coverage for your vehicles. The coverage terms in a policy can be ambiguous and coverage can change by endorsement.

Coverage for liability

This coverage will cover damage that occurs to people or other property in an accident. This insurance protects YOU against claims from other people. Liability doesn’t cover your own vehicle damage or injuries.

It consists of three limits, bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have values of 100/300/100 which means a limit of $100,000 per injured person, a per accident bodily injury limit of $300,000, and property damage coverage for $100,000. Another option is one limit called combined single limit (CSL) which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage protects against things like funeral expenses, repair costs for stationary objects and repair bills for other people’s vehicles. How much coverage you buy is your choice, but consider buying higher limits if possible.

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. Covered claims include injuries to you and your family as well as damage to your BMW 7 Series.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Usually these coverages are set the same as your liability limits.

Collision protection

This will pay to fix damage to your 7 Series from colliding with another car or object. A deductible applies and then insurance will cover the remainder.

Collision coverage pays for things such as sideswiping another vehicle, colliding with another moving vehicle, crashing into a building, rolling your car and colliding with a tree. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. It’s also possible to choose a higher deductible to get cheaper collision coverage.

Comprehensive (Other than Collision)

Comprehensive insurance coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims such as a tree branch falling on your vehicle, hitting a deer, fire damage, damage from flooding and rock chips in glass. The most a insurance company will pay at claim time is the market value of your vehicle, so if it’s not worth much more than your deductible consider dropping full coverage.

Medical expense insurance

Med pay and PIP coverage provide coverage for bills for X-ray expenses, prosthetic devices, chiropractic care and nursing services. The coverages can be used to cover expenses not covered by your health insurance policy or if you are not covered by health insurance. Coverage applies to both the driver and occupants and will also cover being hit by a car walking across the street. Personal Injury Protection is not available in all states but it provides additional coverages not offered by medical payments coverage

Shop. Compare. Save.

When buying insurance coverage, do not reduce coverage to reduce premium. In too many instances, consumers will sacrifice physical damage coverage only to find out that saving that couple of dollars actually costed them tens of thousands. The goal is to get the best coverage possible for the lowest cost.

We just covered many ideas to reduce 2018 BMW 7 Series insurance rates online. It’s most important to understand that the more companies you get car insurance rates for, the better your comparison will be. Consumers could even find that the best price on insurance coverage is with the least-expected company.

Lower-priced insurance coverage is possible on the web and from local insurance agents, and you should compare rates from both to have the best selection. Some insurance coverage companies do not offer rates over the internet and usually these regional insurance providers work with independent insurance agencies.

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