BMW I7 Insurance Rates

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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 including full coverage. Comprehensive insurance costs approximately $516, collision insurance costs $960, and liability costs around $258. Buying just liability costs as low as $306 a year, and insurance for high-risk drivers costs $3,984 or more. Teen drivers pay the highest rates at up to $6,240 a year.

Average premium for full coverage: $1,844

Price estimates by individual coverage:

Comprehensive $516
Collision $960
Liability $258

Rate estimates include $500 policy deductibles, liability coverage up to 30/60, and includes both medical and UM/UIM coverage. Estimates are averaged for all 50 U.S. states and for different i7 trim levels.

Price Range from Low to High

For a driver around age 40, BMW i7 insurance prices range from the low end price of $306 for basic liability insurance to a much higher rate of $3,984 for a high-risk driver policy.

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

Geographic Price Range

Where you live can have significant affects on car insurance prices. Rural locations have lower incidents of comprehensive and collision claims than larger metro areas. The price range example below illustrates the difference between rural and urban areas on auto insurance prices.

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

The ranges above highlight why anyone shopping for car insurance should compare prices using their specific location, instead of using price 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.

Rate Comparisons

The chart below breaks down average BMW i7 insurance rates for additional coverage and risk scenarios.

  • The lowest rate with discounts is $1,006
  • Using higher $1,000 deductibles will save $334 every year
  • The estimated price for the average middle-age driver who chooses $500 deductibles is $1,844
  • Choosing more expensive low deductibles for physical damage coverage will cost an additional $652 every year
  • Drivers with multiple violations and an at-fault accident could pay around $3,984
  • The price that insures a teen driver with full coverage can cost $6,240 or more

View Chart as Image

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

Insurance prices for a BMW i7 are also quite variable based on the model year and trim level, your driving record and age, and physical damage deductibles and liability limits.

If you have some driving violations or you caused an accident, you are likely paying anywhere from $2,200 to $2,900 additional each year, depending on your age. High-risk driver insurance can be as much as 46% to 134% more than average. View High Risk Driver Rates

An older driver with no violations or accidents and higher comprehensive and collision deductibles may pay as little as $1,700 a year for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records should be prepared to pay in the ballpark of $6,200 a year. View Rates by Age

The state you live in has a huge impact on BMW i7 insurance prices. A driver around age 40 might see prices as low as $1,410 a year in states like Vermont, New Hampshire, and Missouri, or as much as $2,630 on average in Louisiana, New York, and Michigan.

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

Choosing high deductibles could cut prices by as much as $990 every year, while increasing your policy's liability limits will push prices upward. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $232 more each year. View Rates by Deductible or Liability Limit

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 BMW i7 Insurance

Getting lower rates on car insurance requires being safe and accident-free, having a good credit score, being claim-free, and consideration of higher deductibles. Shop around every time your policy renews by requesting quotes from direct car insurance companies, and also from local auto insurance providers.

Below you'll find a brief recap of the information covered above.

  • You may be able to save around $240 per year just by shopping early and online
  • Youthful drivers are the costliest to insure, possibly costing $520 a month if comprehensive and collision insurance is included
  • Increasing physical damage deductibles can save approximately $975 each year
  • Higher risk drivers who tend to receive serious violations will likely pay on average $2,140 more per year than a low-risk driver
  • Policyholders who purchase more liability protection will pay about $280 per year to increase from a low limit to the 250/500 level

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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