BMW I7 Insurance Rates

The average insurance rates for a BMW i7 are $1,820 a year with full coverage. Comprehensive insurance costs approximately $494 a year, collision costs $952, and liability is estimated at $264. Liability-only coverage costs approximately $312 a year, with high-risk coverage costing $3,944 or more. 16-year-old drivers cost the most to insure at $6,206 a year or more.

Average premium for full coverage: $1,820

Policy rates by type of insurance:

Estimates include $500 deductible amounts, minimum liability limits, and includes medical and uninsured motorist coverage. Prices are averaged for all U.S. states and i7 trim levels.

Price Range Variability

Urban vs. Rural Price Range

Living in a larger city can have significant affects on the price of insurance. Rural locations are shown to have a lower frequency of collision claims than congested cities.

The diagram below illustrates the effect of geographic area on auto insurance prices.

The examples above demonstrate why it is important to get quotes using their specific location and risk profile, instead of using rate averages.

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

Detailed Rate Analysis

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

• The best full coverage rate is $991
• Choosing higher $1,000 deductibles can save $1,494 annually
• The average rate for a good driver age 40 who chooses $500 deductibles is $1,820
• Buying low $100 deductibles for comp and collision coverage will cost an extra $642 every year
• Unlucky drivers with multiple tickets or accidents could pay around $3,944 or more
• Policy cost for full coverage for a teen driver can cost $6,206 each year

View Chart as Image

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

Older drivers with no violations or accidents 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 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 prices. A good driver about age 40 could pay as low as $1,310 a year in states like Utah, Ohio, and New Hampshire, or at least $2,450 on average in New York, Michigan, and Florida.

View Chart as Image

Opting for high physical damage deductibles can save as much as $970 every year, while buying higher liability limits will push rates upward. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $237 more each year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you may be forking out anywhere from $2,100 to $2,800 additional every year, depending on your age. A high-risk auto insurance policy ranges as much as 45% to 129% more than the average rate. View High Risk Driver Rates

Because rates have so much variability, the best way to find out who has the cheapest auto insurance rates is to get quotes and see which company has the best rate. Each auto insurer utilizes a different rate formula, and rates will be varied from one company to the next.

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 car insurance takes having a good driving record, having a good credit history, not filing small claims, and qualifying for all possible discounts. Take the time to compare rates every couple of years by getting quotes from direct companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

The next list is a review of the material that was covered in the above illustrations.

• Policyholders who purchase increased levels of liability coverage will pay around $290 every year to raise limits from a 30/60 limit to 250/500 limits
• Drivers age 20 and younger are the costliest to insure, as much as $517 each month including comprehensive and collision insurance
• Higher risk drivers who have several accidents or serious violations pay on average $2,120 more per year to buy BMW i7 insurance
• Increasing comprehensive and collision deductibles can save around $975 each year