BMW I7 Insurance Rates

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UPDATED: Mar 28, 2024

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Estimated insurance rates for a BMW i7 are $1,844 a year including full coverage. Comprehensive insurance costs on average $516, collision insurance costs $960, and liability insurance costs around $258. A liability-only policy costs as low as $306 a year, and high-risk insurance costs $3,984 or more. Teens pay the most at up to $6,240 a year.

Average premium for full coverage: $1,844

Premium estimates by type of coverage:

Comprehensive $516
Collision $960
Liability $258

Rate estimates include $500 policy deductibles, 30/60 liability limits, and includes medical and UM/UIM coverage. Rates include averaging for all 50 U.S. states and for all i7 models.

Insurance Price Range by Risk and Coverage

For the average driver, insurance rates for a BMW i7 range from the low end price of $306 for just liability insurance to the much higher price of $3,984 for a driver required to buy high-risk insurance.

Liability Only $306
Full Coverage $1,844
High Risk $3,984

Insurance Price Range by Location

Where you live has a significant impact on car insurance rates. Rural areas are statistically proven to have lower incidents of comprehensive and collision claims than cities with more traffic congestion. The example below illustrates how location impacts car insurance rates.

Rural Areas $1,383
Small Cities $1,936
Large Cities $2,489

These rate differences highlight why everyone should compare prices based on a specific location, rather than relying on averaged prices.

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

Enter your zip code below to view companies based on your location that have cheap auto insurance rates.

More Rate Details

The chart below breaks down average BMW i7 insurance rates for different risk profiles and scenarios.

  • The cheapest rate after discounts is $1,006
  • Using higher $1,000 deductibles will save around $334 every year
  • The estimated price for a 40-year-old good driver with $500 deductibles is $1,844
  • Selecting pricier low deductibles for physical damage coverage will cost an additional $652 a year
  • Drivers with serious driving violations could pay upwards of $3,984
  • An auto insurance policy that insures a teen driver for full coverage may cost $6,240 or more

View Chart as Image

BMW i7 insurance cost comparison chart
Column chart showing BMW i7 insurance prices range from $1,006 to $6,240 for full coverage

Auto insurance prices for a BMW i7 also have a wide range based on the model of your i7, your driving record and age, and policy deductibles and limits.

If you have a few violations or you caused an accident, you are likely paying at a minimum $2,200 to $2,900 in extra premium annually, depending on your age. BMW i7 insurance for high-risk drivers can be anywhere from 46% to 134% more than the average policy. View High Risk Driver Rates

A more mature driver with a good driving record and higher comprehensive and collision deductibles could pay as little as $1,700 a year, or $142 per month, for full coverage. Prices are much higher for drivers in their teens, since even teens with perfect driving records will have to pay upwards of $6,200 a year. View Rates by Age

Where you choose to live has a huge impact on BMW i7 insurance rates. A driver around age 40 might see prices as low as $1,410 a year in states like Missouri, New Hampshire, and Vermont, or have to pay at least $2,630 on average in Michigan, New York, and Louisiana.

BMW i7 Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,666 -$178 -9.7%
Alaska $1,414 -$430 -23.3%
Arizona $1,530 -$314 -17.0%
Arkansas $1,844 -$0 0.0%
California $2,100 $256 13.9%
Colorado $1,760 -$84 -4.6%
Connecticut $1,892 $48 2.6%
Delaware $2,086 $242 13.1%
Florida $2,302 $458 24.8%
Georgia $1,702 -$142 -7.7%
Hawaii $1,324 -$520 -28.2%
Idaho $1,248 -$596 -32.3%
Illinois $1,374 -$470 -25.5%
Indiana $1,388 -$456 -24.7%
Iowa $1,244 -$600 -32.5%
Kansas $1,750 -$94 -5.1%
Kentucky $2,512 $668 36.2%
Louisiana $2,728 $884 47.9%
Maine $1,134 -$710 -38.5%
Maryland $1,520 -$324 -17.6%
Massachusetts $1,472 -$372 -20.2%
Michigan $3,200 $1,356 73.5%
Minnesota $1,544 -$300 -16.3%
Mississippi $2,208 $364 19.7%
Missouri $1,634 -$210 -11.4%
Montana $1,980 $136 7.4%
Nebraska $1,450 -$394 -21.4%
Nevada $2,210 $366 19.8%
New Hampshire $1,330 -$514 -27.9%
New Jersey $2,058 $214 11.6%
New Mexico $1,630 -$214 -11.6%
New York $1,938 $94 5.1%
North Carolina $1,058 -$786 -42.6%
North Dakota $1,508 -$336 -18.2%
Ohio $1,272 -$572 -31.0%
Oklahoma $1,892 $48 2.6%
Oregon $1,690 -$154 -8.4%
Pennsylvania $1,758 -$86 -4.7%
Rhode Island $2,458 $614 33.3%
South Carolina $1,670 -$174 -9.4%
South Dakota $1,556 -$288 -15.6%
Tennessee $1,614 -$230 -12.5%
Texas $2,218 $374 20.3%
Utah $1,364 -$480 -26.0%
Vermont $1,258 -$586 -31.8%
Virginia $1,106 -$738 -40.0%
Washington $1,422 -$422 -22.9%
West Virginia $1,690 -$154 -8.4%
Wisconsin $1,274 -$570 -30.9%
Wyoming $1,642 -$202 -11.0%

View Chart as Image

BMW i7 insurance rates by U.S. city

Choosing higher comprehensive and collision insurance deductibles could cut prices by as much as $990 each year, whereas buying more liability protection will cost you more. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $232 extra every year. View Rates by Deductible or Liability Limit

Insurance Rates by Trim Level and Model Year

BMW i7 Insurance Rates by Model and Trim Level
Model and Trim Annual Premium Monthly Premium
BMW i7 $2,216 $185
BMW i7 $1,912 $159

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.

BMW i7 Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2024 BMW i7 $516 $960 $258 $1,844
2023 BMW i7 $494 $952 $264 $1,820

Rates are averaged for all BMW i7 models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Find the Best BMW i7 Insurance

Finding better rates on BMW i7 insurance requires being a good driver, maintaining a good credit score, refrain from filing small claims, and deciding if full coverage is necessary. Compare rates at every policy renewal by obtaining price quotes from direct car insurance companies, and also from insurance agencies where you live.

The following list is a brief recap of the data touched on above.

  • Drivers who require an increased level of liability coverage will pay approximately $280 per year to increase from 30/60 bodily injury limits to the 250/500 level
  • You may be able to save as much as $240 per year just by quoting online well ahead of the renewal date
  • Increasing policy deductibles can save approximately $975 each year
  • Drivers age 16 to 20 are charged the highest prices, with the cost nearing $520 per month if the policy includes full coverage

Rates by Driver Age

BMW i7 Insurance Rates by Driver Age
Driver Age Premium
16 $6,240
20 $4,224
30 $1,968
40 $1,844
50 $1,674
60 $1,644

Full coverage, $500 deductibles

Rates by Deductible

BMW i7 Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,496
$250 $2,192
$500 $1,844
$1,000 $1,510

Full coverage, driver age 40

Rates by Liability Limit

BMW i7 Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $1,844
50/100 $1,964
100/300 $2,028
250/500 $2,196
100 CSL $1,989
300 CSL $2,131
500 CSL $2,235

Full coverage, driver age 40

Rates for High Risk Drivers

BMW i7 Insurance Rates for High Risk Drivers
Age Premium
16 $9,050
20 $6,722
30 $4,122
40 $3,984
50 $3,792
60 $3,758

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $264

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $104
Multi-vehicle $93
Homeowner $23
5-yr Accident Free $156
5-yr Claim Free $123
Paid in Full/EFT $100
Advance Quote $100
Online Quote $139
Total Discounts $838
Rate after discounts $1,006

Discounts are estimated and may not be available from every company or in every state.

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