BMW I7 Insurance Rates
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UPDATED: Mar 28, 2024
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Average insurance rates for a BMW i7 are $1,896 a year for full coverage. Comprehensive insurance costs an estimated $540 each year, collision costs $1,000, and liability coverage is estimated at $246. Liability-only coverage costs approximately $298 a year, with high-risk coverage costing $4,094 or more. Teens receive the highest rates at $6,374 a year or more.
Average premium for full coverage: $1,896
Rate estimates broken down by individual coverage type:
Prices include $500 deductible amounts, 30/60 split liability limits, and includes UM/UIM and medical coverage. Rates are averaged for all states and i7 models.
Price Range by Coverage and Risk
For an average driver, prices range go from the low end price of $298 for a discount liability-only rate to a high rate of $4,094 for a high-risk insurance policy.
Price Range by Location
Living in a larger city has a large influence on insurance rates. More rural locations tend to have lower incidents of accident claims than cities with more traffic congestion.
The graphic below illustrates the effect of geographic area on insurance prices.
These examples show why all drivers should get quotes for a targeted area, rather than using 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.
Rates by State, City, and Model
The chart below shows estimated BMW i7 insurance rates for other coverage scenarios.
- The cheapest rate after discounts is $1,033
- Choosing higher $1,000 deductibles can save approximately $350 a year
- The estimated price for a 40-year-old driver who has $500 deductibles is $1,896
- Selecting low deductibles for comp and collision coverage will cost an additional $678 each year
- Drivers with serious driving violations could pay up to $4,094 or more
- The cost that insures a teenage driver can cost as much as $6,374 each year
Car insurance rates for a BMW i7 can also vary considerably based on the trim level and model year, how you drive, and liability limits and deductibles.
If you like to drive fast or you caused an accident, you could be paying $2,200 to $2,900 extra per year, depending on your age. Insurance for high-risk drivers ranges around 45% to 130% more than the average policy. View High Risk Driver Rates
More mature drivers with no driving violations and higher comprehensive and collision deductibles may only pay around $1,700 annually on average for full coverage. Rates are much higher for teen drivers, since even teens with perfect driving records will be charged at least $6,300 a year. View Rates by Age
Where you live plays a big part in determining prices for BMW i7 insurance rates. A good driver about age 40 could pay as low as $1,250 a year in states like Iowa, Maine, and Idaho, or have to pay at least $2,700 on average in New York, Louisiana, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,712 | -$184 | -9.7% |
| Alaska | $1,452 | -$444 | -23.4% |
| Arizona | $1,574 | -$322 | -17.0% |
| Arkansas | $1,896 | -$0 | 0.0% |
| California | $2,158 | $262 | 13.8% |
| Colorado | $1,808 | -$88 | -4.6% |
| Connecticut | $1,946 | $50 | 2.6% |
| Delaware | $2,144 | $248 | 13.1% |
| Florida | $2,368 | $472 | 24.9% |
| Georgia | $1,750 | -$146 | -7.7% |
| Hawaii | $1,362 | -$534 | -28.2% |
| Idaho | $1,282 | -$614 | -32.4% |
| Illinois | $1,412 | -$484 | -25.5% |
| Indiana | $1,430 | -$466 | -24.6% |
| Iowa | $1,280 | -$616 | -32.5% |
| Kansas | $1,800 | -$96 | -5.1% |
| Kentucky | $2,584 | $688 | 36.3% |
| Louisiana | $2,806 | $910 | 48.0% |
| Maine | $1,168 | -$728 | -38.4% |
| Maryland | $1,562 | -$334 | -17.6% |
| Massachusetts | $1,512 | -$384 | -20.3% |
| Michigan | $3,292 | $1,396 | 73.6% |
| Minnesota | $1,586 | -$310 | -16.4% |
| Mississippi | $2,270 | $374 | 19.7% |
| Missouri | $1,680 | -$216 | -11.4% |
| Montana | $2,038 | $142 | 7.5% |
| Nebraska | $1,494 | -$402 | -21.2% |
| Nevada | $2,272 | $376 | 19.8% |
| New Hampshire | $1,368 | -$528 | -27.8% |
| New Jersey | $2,116 | $220 | 11.6% |
| New Mexico | $1,676 | -$220 | -11.6% |
| New York | $1,996 | $100 | 5.3% |
| North Carolina | $1,092 | -$804 | -42.4% |
| North Dakota | $1,552 | -$344 | -18.1% |
| Ohio | $1,310 | -$586 | -30.9% |
| Oklahoma | $1,944 | $48 | 2.5% |
| Oregon | $1,740 | -$156 | -8.2% |
| Pennsylvania | $1,806 | -$90 | -4.7% |
| Rhode Island | $2,528 | $632 | 33.3% |
| South Carolina | $1,716 | -$180 | -9.5% |
| South Dakota | $1,598 | -$298 | -15.7% |
| Tennessee | $1,660 | -$236 | -12.4% |
| Texas | $2,284 | $388 | 20.5% |
| Utah | $1,404 | -$492 | -25.9% |
| Vermont | $1,294 | -$602 | -31.8% |
| Virginia | $1,136 | -$760 | -40.1% |
| Washington | $1,464 | -$432 | -22.8% |
| West Virginia | $1,740 | -$156 | -8.2% |
| Wisconsin | $1,312 | -$584 | -30.8% |
| Wyoming | $1,686 | -$210 | -11.1% |
Choosing higher comprehensive and collision insurance deductibles can save as much as $1,030 a year, whereas increasing liability limits will increase premiums. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $222 extra every 12 months. View Rates by Deductible or Liability Limit
With so much variability in rates, the only way to know which company is cheapest is to do a rate comparison and see how they stack up. Each auto insurer calculates rates differently, so rate quotes can be significantly different.
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| BMW i7 | $2,250 | $188 |
| BMW i7 | $1,968 | $164 |
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 | $540 | $1,000 | $246 | $1,896 |
| 2023 BMW i7 | $516 | $960 | $258 | $1,844 |
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 Right BMW i7 Insurance
Saving money on auto insurance takes having a good driving record, having a positive credit history, eliminating unneeded coverage, and not having any coverage lapses. Compare rates at least every other year by requesting quotes from direct carriers like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.
The next list is a quick rundown of the car insurance concepts covered in the above illustrations.
- Drivers with reckless driving or DUI convictions may pay on average $2,200 more annually to buy BMW i7 insurance
- Drivers can save approximately $250 per year simply by quoting online in advance
- Increasing deductibles can save approximately $1,025 each year
- Consumers who want increased levels of liability coverage will pay approximately $270 each year to raise limits from a minimum limit to the 250/500 level
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $6,374 |
| 20 | $4,338 |
| 30 | $2,026 |
| 40 | $1,896 |
| 50 | $1,722 |
| 60 | $1,690 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $2,574 |
| $250 | $2,260 |
| $500 | $1,896 |
| $1,000 | $1,546 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,896 |
| 50/100 | $2,017 |
| 100/300 | $2,079 |
| 250/500 | $2,239 |
| 100 CSL | $2,042 |
| 300 CSL | $2,177 |
| 500 CSL | $2,276 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $9,250 |
| 20 | $6,902 |
| 30 | $4,240 |
| 40 | $4,094 |
| 50 | $3,894 |
| 60 | $3,860 |
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 | $107 |
| Multi-vehicle | $95 |
| Homeowner | $23 |
| 5-yr Accident Free | $161 |
| 5-yr Claim Free | $127 |
| Paid in Full/EFT | $104 |
| Advance Quote | $103 |
| Online Quote | $143 |
| Total Discounts | $863 |
Discounts are estimated and may not be available from every company or in every state.
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