BMW I7 Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Mar 28, 2024

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Average insurance rates for a BMW i7 are $1,844 a year for full coverage insurance. Comprehensive costs on average $516 a year, collision costs $960, and liability insurance costs $258. A liability-only policy costs as little as $306 a year, with high-risk insurance costing around $3,984. Teen drivers receive the highest rates at $6,240 a year or more.

Average premium for full coverage: $1,844

Rate estimates by individual coverage type:

Comprehensive $516
Collision $960
Liability $258

These estimates include $500 deductibles, 30/60 bodily injury liability limits, and includes both medical and uninsured motorist insurance. Rates are averaged for all 50 states and i7 trim levels.

Price Range by Coverage and Risk

For the normal driver, prices range go from as low as $306 for minimum levels of liability insurance to a high of $3,984 for a driver who requires high-risk insurance.

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

Price Range by Location

Your location has a significant impact on insurance rates. Rural areas tend to have a lower frequency of physical damage claims than larger metro areas.

The diagram below illustrates how geographic area affects car insurance rates.

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

These examples illustrate why it is important to compare rates based on a specific location and risk profile, rather than relying on 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.

Additional Rate Details

The chart below illustrates estimated BMW i7 insurance rates for different risk profiles and scenarios.

  • The lowest rate with discounts is $1,006
  • Drivers who choose higher $1,000 deductibles will pay around $1,510 each year
  • The average rate for a 40-year-old driver with $500 deductibles is $1,844
  • Choosing low $100 deductibles for comprehensive and collision insurance will increase the cost to $2,496
  • High risk drivers with multiple violations and an at-fault accident could pay upwards of $3,984 or more
  • The cost for full coverage for a teen driver may cost $6,240 a 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

Insurance rates for a BMW i7 can also vary considerably based on your driver profile, the model year and trim level, and policy deductibles and limits.

Older drivers with a clean driving record and high deductibles could pay as little as $1,700 per year on average for full coverage. Rates are highest for teen drivers, where even good drivers can expect to pay upwards of $6,200 a year. View Rates by Age

Where you live makes a big difference in BMW i7 insurance rates. A 40-year-old driver could pay as low as $1,200 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $2,480 on average in Michigan, New York, and Florida.

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 save up to $990 each year, while buying higher liability limits will cost you more. Switching from a 50/100 limit to a 250/500 limit will cost as much as $232 more per year. View Rates by Deductible or Liability Limit

If you like to drive fast or tend to cause accidents, you are probably paying at a minimum $2,200 to $2,900 extra per year, depending on your age. A high-risk auto insurance policy can cost anywhere from 46% to 134% more than average. View High Risk Driver Rates

With so much variability in rates, the only way to figure out exactly what you will pay is to get quotes from as many companies as possible. Every company uses a different rate calculation, so the rates can be significantly 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 2023 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 $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 Cheap BMW i7 Insurance

Saving money on BMW i7 insurance not only requires not taking risks behind the wheel, but also maintaining good credit, avoid buying unnecessary coverage, and bundling your home and auto policies. Invest the time to compare rates at every other renewal by getting price quotes from direct insurance companies like GEICO and Progressive, and also from local independent and exclusive agents.

The following is a brief summary of the concepts that were presented in the illustrations above.

  • High-risk drivers that tend to have accidents or serious violations pay an average of $2,140 more each year for i7 insurance
  • Teens pay the highest rates, costing up to $520 per month for full coverage
  • It is possible to save as much as $240 per year simply by quoting early and online
  • Increasing deductibles can save around $975 each year
  • It is possible to save as much as $240 per year simply by quoting early and online

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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