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 for full coverage. Comprehensive costs on average $516, collision costs $960, and liability insurance costs around $258. Liability-only coverage costs as low as $306 a year, with high-risk coverage costing around $3,984. 16-year-old drivers pay the most at $6,240 a year or more.
Average premium for full coverage: $1,844
Premium estimates by type of coverage:
Rates are based on $500 policy deductibles, 30/60 liability coverage, and includes medical and UM/UIM coverage. Rates include averaging for all states and for all i7 models.
Insurance Price Range by Risk and Coverage
For a driver around age 40, insurance rates for a BMW i7 go from as low as $306 for just liability insurance to the much higher price of $3,984 for a policy for a high-risk driver.
Insurance Price Range by Location
Where you live has a significant impact on car insurance rates. Rural areas are statistically proven to have a lower frequency of accident claims than congested cities.
The example below illustrates the difference between rural and urban areas on car insurance rates.
These rate differences show why everyone should compare prices based on a specific location and risk profile, rather than relying on rate averages.
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 shows estimated BMW i7 insurance rates for different risk profiles and scenarios.
- The best full coverage rate is $1,006
- Using higher $1,000 deductibles will save around $334 a year
- The average rate for a 40-year-old good driver with $500 deductibles is $1,844
- Buying pricier low deductibles for physical damage coverage will increase the cost to $2,496
- Drivers with multiple tickets or accidents could pay upwards of $3,984 or more
- An auto insurance policy for full coverage for a teen driver for full coverage may cost $6,240 or more
Insurance prices for a BMW i7 also have a wide range based on your driving characteristics, the trim level of your i7, and policy deductibles and limits.
A more mature driver with a clean driving record and high deductibles could pay as little as $1,700 a year, or $142 per month, for full coverage. Prices are highest for drivers in their teens, where even good drivers can expect 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 $1,210 a year in states like Idaho, Maine, and Iowa, or at least $2,630 on average in Michigan, Louisiana, and New York.
| 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% |
Opting for high physical damage deductibles could cut prices by as much as $990 each year, whereas buying more liability protection will cost you more. Going from a 50/100 limit to a 250/500 limit will cost up to $232 more per year. View Rates by Deductible or Liability Limit
If you have a few violations or tend to cause accidents, you could be paying at a minimum $2,200 to $2,900 extra annually, depending on your age. BMW i7 insurance for high-risk drivers can be anywhere from 46% to 134% more than the average rate. View High Risk Driver Rates
With such a large range in prices, the only way to know exactly what you will pay is to regularly compare prices from as many companies as possible. Each insurance company utilizes a different rate formula, so the prices will be substantially different from one company to the next.
Insurance Rates by Trim Level and Model Year
| 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.
| 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 Cheap BMW i7 Insurance
Finding better rates on BMW i7 insurance requires avoiding accidents and claims, maintaining good credit, not filing small claims, and bundling your home and auto policies. Set aside time to compare rates every year by requesting rates from direct carriers like Progressive, GEICO, and Esurance, and also from your local insurance agents.
The points below are a quick review of the coverage data covered above.
- Drivers can save as much as $240 per year simply by quoting online well ahead of the renewal date
- Increasing policy deductibles can save around $975 each year
- Drivers under the age of 20 pay the highest prices, as much as $520 per month for full coverage
- High-risk drivers with a DUI or reckless driving violation will pay on average $2,140 more each year to insure a BMW i7
Rate Tables and Charts
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
| Deductible | Premium |
|---|---|
| $100 | $2,496 |
| $250 | $2,192 |
| $500 | $1,844 |
| $1,000 | $1,510 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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