2019 BMW 7 Series Car Insurance Rates in 2024 – 9 Ideas for Cheapest Quotes

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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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Finding the lowest cost insurance online might seem somewhat intimidating for beginners to buying insurance on the internet. With so many options of companies in the marketplace, how are drivers expected to efficiently compare them all to find the lowest price available?

You need to compare prices as often as possible since insurance prices are constantly changing. If you had the best deal for 7 Series insurance six months ago you can probably find a lower rate today. Ignore everything you know about insurance because you’re about to learn the right way to properly buy coverages and cut your premium.

If you are paying for car insurance now, you will most likely be able to cut costs considerably using these techniques. Shopping for the cheapest coverage can be fairly easy. Although car owners need to have an understanding of how the larger insurance companies compete online and use this information to your advantage.

The quickest way to compare rate quotes is to know the fact most of the larger companies actually pay money for the chance to quote your coverage. To start a quote, the only thing you need to do is give the companies some data such as if you have a valid license, whether you drive to work or school, whether you are single or married, and how much you drive. That rating data is instantly provided to many different companies and you receive quotes quickly.

To compare rates for your BMW 7 Series now, click here and enter your zip code.

Save a ton with these nine auto insurance discounts

Buying auto insurance is not cheap, but you may find discounts that can dramatically reduce your bill. Certain reductions will be credited when you complete an application, but some may not be applied and must be specifically requested in order for you to get them.

  • Defensive Driver – Participating in a defensive driver course could cut 5% off your bill and also improve your driving technique.
  • Theft Prevention System – Vehicles that have factory alarm systems and tracking devices are stolen with less frequency and will qualify for a discount on a insurance coverage quote.
  • Fewer Miles Equal More Savings – Fewer annual miles on your BMW could qualify for lower prices due to less chance of an accident.
  • Auto/Home Discount – If you can bundle your auto and home insurance and insure them both with the same insurance company you could save at least 10% off all policies.
  • No Charge for an Accident – This one isn’t a discount, but certain companies permit an accident before hitting you with a surcharge as long as you don’t have any claims before the accident.
  • Pay Now and Pay Less – By paying your entire bill at once rather than paying monthly you can avoid the installment charge.
  • E-sign Discounts – Some of the larger companies may give you up to $50 for signing up online.
  • Seat Belts Save – Forcing all vehicle occupants to use a seat belt may be able to save a few bucks off the PIP or medical payment premium.
  • Student Driver Training – Require your teen driver to successfully take a drivers education course as it can save substantially.

Drivers should understand that most credits do not apply to your bottom line cost. A few only apply to specific coverage prices like physical damage coverage or medical payments. Despite the appearance that you can get free auto insurance, it doesn’t quite work that way.

If you would like to choose from a list of insurers offering auto insurance discounts, enter your zip code here.

Insurance coverage can get complicated

When it comes to choosing the right insurance coverage, there isn’t really a single plan that fits everyone. Each situation is unique.

For instance, these questions can aid in determining if your insurance needs might need professional guidance.

  • When would I need additional glass coverage?
  • How much underlying liability do I need for an umbrella policy?
  • Can I rent a car in Mexico?
  • Am I covered by my employer’s commercial auto policy when driving my personal car for business?
  • Does insurance cover tools stolen from my truck?
  • Can my teen driver be rated on a liability-only vehicle?
  • Can I get a multi-policy discount?
  • What are the best liability limits?
  • Should I have a commercial auto policy?
  • Is my custom paint covered by insurance?

If you don’t know the answers to these questions but you know they apply to you then you might want to talk to an agent. If you don’t have a local agent, take a second and enter your zip code.

Specifics of your insurance policy

Knowing the specifics of your policy can be of help when determining appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be impossible to understand and reading a policy is terribly boring.

UM/UIM Coverage

This coverage provides protection from other drivers when they either have no liability insurance or not enough. Covered losses include medical payments for you and your occupants and also any damage incurred to your BMW 7 Series.

Since many drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Comprehensive or Other Than Collision

Comprehensive insurance will pay to fix damage from a wide range of events other than collision. A deductible will apply and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive insurance covers claims such as vandalism, a broken windshield, hitting a bird, damage from flooding and rock chips in glass. The maximum amount you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision insurance

This pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for things like rolling your car, scraping a guard rail, colliding with a tree, backing into a parked car and hitting a parking meter. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from lower value vehicles. Another option is to raise the deductible to save money on collision insurance.

Medical costs insurance

Medical payments and Personal Injury Protection insurance reimburse you for immediate expenses such as X-ray expenses, surgery and funeral costs. The coverages can be used in conjunction with a health insurance plan or if you lack health insurance entirely. Coverage applies to both the driver and occupants in addition to being hit by a car walking across the street. PIP is not an option in every state and gives slightly broader coverage than med pay

Liability coverages

Liability coverage will cover damages or injuries you inflict on a person or their property. It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see values of 50/100/50 which means a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged property.

Liability can pay for things like legal defense fees, court costs and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but buy higher limits if possible.

Do the work, save more money

While you’re price shopping online, it’s not a good idea to buy less coverage just to save a little money. There have been many situations where someone dropped full coverage only to regret at claim time that the small savings ended up costing them much more. Your strategy should be to find the BEST coverage at the best cost and still be able to protect your assets.

Drivers switch companies for any number of reasons including denial of a claim, delays in paying claims, an unsatisfactory settlement offer or even policy non-renewal. It doesn’t matter what your reason, choosing a new insurance company can be easier than you think.

We just presented a lot of ways to shop for 2019 BMW 7 Series insurance online. The most important thing to understand is the more providers you compare, the more likely it is that you will get a better rate. Drivers may discover the best rates are with a small local company.

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