BMW I7 Insurance Rates
Enter your zip code below to view companies that have cheap auto insurance rates.
UPDATED: Mar 28, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
The average insurance rates for a BMW i7 are $1,896 a year including full coverage. Comprehensive costs on average $540, collision insurance costs $1,000, and liability is estimated at $246. Liability-only insurance costs approximately $298 a year, and high-risk driver insurance costs around $4,094. 16-year-old drivers cost the most to insure at up to $6,374 a year.
Average premium for full coverage: $1,896
Policy rates by type of insurance:
Estimates include $500 policy deductibles, bodily injury liability limits of 30/60, and includes additional medical/uninsured motorist coverage. Prices are averaged for all 50 U.S. states and for different i7 trim levels.
Price Range Variability
For a driver around age 40, BMW i7 insurance rates range from as low as $298 for just the minimum liability insurance to a much higher rate of $4,094 for a driver who has had serious violations or accidents.
Urban vs. Rural Price Range
Living in a larger city can have significant affects on car insurance rates. Rural areas are shown to have a lower frequency of comprehensive and collision claims than congested cities. The price range example below illustrates the difference between rural and urban areas on car insurance rates.
The examples above highlight why anyone shopping for car insurance should get quotes based on a specific location and risk profile, instead of using 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.
Additional Rate Analysis
The chart below breaks down average BMW i7 insurance rates for different risk profiles and scenarios.
- The best full coverage rate is $1,033
- Choosing higher $1,000 deductibles can save around $350 every year
- The average rate for a good driver age 40 with $500 deductibles is $1,896
- Buying more expensive low deductibles for comp and collision coverage will increase the cost to $2,574
- Unlucky drivers with multiple tickets or accidents could pay upwards of $4,094
- Policy cost for full coverage for a teen driver with full coverage may cost $6,374 each year
Auto insurance rates for a BMW i7 also range considerably based on your risk profile, the model of your i7, and policy deductibles and limits.
An older driver with a good driving record and high deductibles may pay as little as $1,700 annually on average, or $142 per month, for full coverage. Rates are highest for teenagers, where even good drivers will have to pay upwards of $6,300 a year. View Rates by Age
Your home state plays a big part in determining prices for BMW i7 insurance prices. A good driver about age 40 could pay as low as $1,450 a year in states like Missouri, New Hampshire, and Vermont, or at least $2,700 on average in Michigan, New York, and Louisiana.
| 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% |
Opting for high physical damage deductibles can save as much as $1,030 every year, while increasing your policy's liability limits will cost you more. Changing from a 50/100 limit to a 250/500 limit will raise rates by up to $222 extra every year. View Rates by Deductible or Liability Limit
If you have a few points on your driving record or tend to cause accidents, you are likely paying at a minimum $2,200 to $2,900 in extra premium every year, depending on your age. High-risk driver insurance ranges as much as 45% to 130% more than the average rate. View High Risk Driver Rates
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 Low Cost BMW i7 Insurance
Finding cheaper rates on car insurance takes being safe and accident-free, having good credit, paying for small claims out-of-pocket, and deciding if full coverage is necessary. Set aside time to compare rates every other policy renewal by getting quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.
Below you'll find a review of the ideas that were covered above.
- Youthful drivers are charged the highest rates, with premiums being up to $531 each month if they have full coverage
- Higher risk drivers who have several accidents or serious violations may pay on average $2,200 more each year than a low-risk driver
- Increasing comprehensive and collision deductibles can save around $1,025 each year
- You may be able to save as much as $250 per year just by shopping early and online
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.
Compare Rates and Save
Find companies with the cheapest rates in your area
Secured with SHA-256 Encryption
