BMW I7 Insurance Rates

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View 2023 BMW i7 Insurance Quotes in 2025

Want lower car insurance rates for your BMW i7? When looking for lower-priced insurance, are you overwhelmed by the number of car insurance companies that you can choose from? consumers have so many companies to choose from that it can be a real difficult job to find the lowest price. It's smart to compare prices once or twice a year because car insurance rates are variable and change quite freque...

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UPDATED: Mar 28, 2024

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U.S. average insurance rates for a BMW i7 are $1,844 a year for full coverage. Comprehensive costs around $516 a year, collision costs $960, and liability coverage is estimated at $258. Liability-only insurance costs approximately $306 a year, with high-risk driver insurance costing around $3,984. Teenage drivers pay the highest rates at $6,240 a year or more.

Average premium for full coverage: $1,844

Price estimates for individual coverage:

Comprehensive $516
Collision $960
Liability $258

Rates are based on $500 physical damage insurance deductibles, minimum liability limits, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all states and i7 trim levels.

Price Range from Low to High

For an average driver, BMW i7 insurance prices go from as low as $306 for liability-only coverage to a high of $3,984 for high-risk insurance.

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

Geographic Price Range

Living in a larger city has a large influence on auto insurance rates. Areas with sparse population have a lower frequency of accident claims than densely populated cities.

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

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

The ranges above show why it is important to get quotes for a specific zip code and risk profile, rather than using average rates.

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 Charts and Tables

The chart below shows estimated BMW i7 insurance rates for additional coverage choices and driver risks.

  • The best discount rate is $1,006
  • Choosing higher $1,000 deductibles can save about $1,510 a year
  • The average rate for the average middle-age driver using $500 deductibles is $1,844
  • Using low $100 deductibles for comp and collision coverage will increase the cost to $2,496
  • Drivers who are prone to accidents and violations could pay at least $3,984 or more
  • The price for full coverage for a teenage driver can be $6,240 each year

View Chart as Image

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

Car insurance prices for a BMW i7 are also quite variable based on your driving record, the trim level of your i7, and deductibles and policy limits.

Older drivers with no driving violations and high deductibles may only pay around $1,700 annually on average for full coverage. Prices are much higher for teenage drivers, where even good drivers will be charged as much as $6,200 a year. View Rates by Age

The state you live in plays a big part in determining prices for BMW i7 insurance rates. A good driver about age 40 could pay as low as $1,210 a year in states like Idaho, Maine, and Iowa, or be forced to pay as much as $2,630 on average in Michigan, Louisiana, and New York.

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

Using high physical damage deductibles can save as much as $990 a year, while buying higher liability limits will increase prices. Going from a 50/100 limit to a 250/500 limit will increase prices by as much as $232 extra every 12 months. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you could be paying at least $2,200 to $2,900 extra each year, depending on your age. A high-risk auto insurance policy ranges around 46% to 134% more than a normal policy. View High Risk Driver Rates

Since prices can be so different, the only way to know your exact price is to get quotes and see how they stack up. Each auto insurer uses a different method to calculate prices, so rate quotes may be quite different from one company to the next.

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 Cheap BMW i7 Insurance

Getting lower rates on auto insurance takes being a low-risk driver, having above-average credit, eliminating unnecessary coverage, and qualifying for all possible discounts. Take the time to compare rates every couple of years by getting quotes from direct carriers like Progressive and GEICO, and also from local insurance agents.

The items below are a quick review of the material that was covered in the above illustrations.

  • Consumers who may need more liability coverage will pay an extra $280 each year to raise limits from a low limit to 250/500 limits
  • Teen drivers are the costliest to insure, with premiums as much as $520 a month if full coverage is included
  • Drivers with a DUI or reckless driving violation may be required to pay an average of $2,140 more every year to insure their i7
  • Increasing physical damage deductibles can save around $975 each year

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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