BMW I7 Insurance Rates

The average insurance rates for a BMW i7 are $1,844 a year for full coverage insurance. Comprehensive insurance costs approximately $516, collision costs $960, and liability coverage is estimated at $258. Liability-only coverage costs approximately $306 a year, with high-risk coverage costing $3,984 or more. Teens cost the most to insure at $6,240 a year or more.

Average premium for full coverage: $1,844

Policy rates by type of insurance:

Estimates include $500 policy deductibles, liability coverage up to 30/60, and includes UM/UIM and medical coverage. Prices are averaged for all 50 states and for different i7 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city has a large influence on the price of auto insurance. Rural locations are shown to have lower incidents of physical damage claims than cities with more traffic congestion.

The price range example below illustrates how location helps determine auto insurance prices.

The examples above illustrate why anyone shopping for car insurance should get quotes using their specific location, rather than using averaged prices.

Use the form below to get customized rates for your location.

Rates by State, City, and Model

The chart below illustrates estimated BMW i7 insurance rates for additional coverage and risk scenarios.

• The cheapest rate after discounts is $1,006
• Choosing higher $1,000 deductibles can save $334 each year
• The estimated price for a good driver age 40 who chooses $500 deductibles is $1,844
• Selecting more expensive low deductibles for comp and collision coverage will cost an additional $652 each year
• Drivers with serious driving violations could pay around $3,984 or more
• Policy cost that insures a teenage driver with full coverage can cost $6,240 each year

View Chart as Image

Insurance rates for a BMW i7 also range considerably based on the model year and trim level, your age and driving record, and physical damage deductibles and liability limits.

If you have a few points on your driving record or you caused an accident, you are probably paying anywhere from $2,200 to $2,900 additional every year, depending on your age. High-risk driver insurance ranges around 46% to 134% more than the average policy. View High Risk Driver Rates

An older driver with no violations or accidents and higher comprehensive and collision deductibles may only pay around $1,700 annually on average, or $142 per month, for full coverage. Rates are much higher for teenagers, since even teens with perfect driving records should be prepared to pay in the ballpark of $6,200 a year. View Rates by Age

Your home state plays a big part in determining prices for BMW i7 insurance rates. A good driver about age 40 could pay as low as $1,200 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $2,480 on average in Florida, New York, and Michigan.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can save as much as $990 a year, while increasing your policy's liability limits will push rates upward. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $232 more each year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the only way to figure out who has the best car insurance rates is to compare rates and see how they stack up. Each auto insurer calculates rates differently, and rates will be varied.

Insurance Rates by Trim Level and Model Year

Rates assume 2024 model year, a 40-year-old male driver with no accidents or violations, $500 comprehensive and collision deductibles, minimum liability limits, and uninsured/under-insured motorist coverage included. Rates are for comparison only and are averaged for all 50 U.S. states.

How to Find Low Cost BMW i7 Insurance

Finding cheaper rates on auto insurance takes being a good driver, having a good credit score, being claim-free, and qualifying for all possible discounts. Compare rates every time your policy renews by requesting quotes from direct insurance companies, and also from your local car insurance providers.

The following list is a review of the information covered in the charts and tables above.

• It is possible to save around $240 per year simply by shopping early and online
• Drivers age 16 to 20 are the costliest to insure, possibly costing $520 each month if comprehensive and collision insurance is included
• Increasing comprehensive and collision deductibles can save approximately $975 each year
• Drivers who have several accidents or serious violations could be charged and average of $2,140 more per year than a safer driver
• Consumers who purchase an increased level of liability coverage will pay approximately $280 annually to raise limits from a 30/60 limit to the 250/500 level