BMW 7 Series insurance rates
Shedding light on car insurance prices
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Introduced in 1977, the 7 Series is BMW’s flagship vehicle that is currently in its sixth generation. Starting at just over $80,000, the luxurious sedan comes packed with a number of industry-leading technologies and a 4.4-litre turbocharged V8 that pumps out nearly 450 horsepower. Despite its powerful engine and near six-figure price tag, insurance might be more affordable than you think.
The average cost of auto insurance for a BMW 7 Series is $167 a month — or $2,004 a year, about $700 higher than the national average. That being said, your actual cost may vary as there are a number of variables that can affect the price of coverage. For example, the average cost of insurance in Ohio is $926, compared to Michigan’s $2,551. Getting quotes from multiple providers can help you get a better idea of what you’ll pay.
Geico. Best known for its Gecko mascot that promises to save you 15% or more on car insurance, Geico is the second largest auto insurance provider in the country. Policies are available in all 50 states and can be purchased both online and by phone.
State Farm. With a network of over 18,000 local agents and 45 million drivers covered, State Farm is the largest auto insurance provider in the US. Backed by one-on-one support from local agents, policies are available online, by phone, and in person.
Liberty Mutual. Founded in 1912, Liberty Mutual is best known for its great policy benefits like free roadside assistance. Home to a wide range of coverage options, you should have no problem finding a policy for your BMW 7 Series.
Auto insurance is an expensive purchase that almost every driver makes but nobody hopes to use. But besides that fact that coverage is mandatory in all but a few states, auto insurance can provide protection and peace of mind on and off the road. With that being said, shopping for coverage can be tough, since policies can vary so much between providers. However, knowing what to look for can help you save both time and money. Here are a few factors that can help you compare your options.
Between your driving history, location, choice of vehicle and build options, there are a number of factors that can influence the cost of auto insurance. But because each make and model can vary in terms of performance, theft rates, safety features and other variables, your choice of vehicle can have a significant impact. Here are a few BMW 7 Series characteristics that might affect the cost of coverage.
You could save money on car insurance for your BMW 7 Series if it comes equipped with these safety features.
Your vehicle may be eligible for various auto insurance discounts depending on which provider you choose. However, the exact discounts you receive may vary depending on location, provider, options, and other factors. Here are a few that should apply to the BMW 7 Series:
At the time of writing, the BMW 7 Series doesn’t have official safety ratings from the IIHS or NHTSA. With that being said, most BMW vehicles have great safety ratings and come packed with a number of safety and driver assistance features that could help reduce the cost of insurance.
According to U.S. News and J.D. Power, the 2018 BMW 7 Series holds a 3.5/5 star reliability rating, which is above average for vehicles in its class.
The 7 Series is BMW’s flagship sedan with a price tag that starts at just over $80,000. It’s designed to provide a quiet, comfortable driving experience and requires little maintenance to keep it on the road. With that being said, maintaining a routine service schedule can extend the life of your vehicle and ensure that it operates as it should.
The 7 Series is backed by BMW’s standard four-year/50-000 mile warranty. This covers issues due to defective parts and service, along with free roadside assistance and a separate corrosion warranty.
Given the 7 Series’ price tag and BMW’s reputation for expensive repairs, the extended warranty can provide peace of mind once the initial warranty expires. It’s available in multiple terms and includes service from certified BMW technicians, OEM part replacements, mechanical breakdown towing and more.
Additionally, eligible 7 Series vehicles come with BMW Ultimate Care, which is a three-year/36,000-mile complimentary maintenance plan. There are other extended maintenance plans available for an extra fee.
The BMW 7 Series model has been around since 1977 and is the company’s flagship car. The car is known for its powerful engine, strong fuel economy and spacious interior. BMW uses the 7 Series line to introduce new and innovative technologies and exterior designs, then the latest ideas are adapted to the smaller sedans in the company’s lineup. The 2017 model has not been evaluated by the Insurance Institute for Highway Safety or the National Highway Traffic Safety Administration for safety ratings.
Insurance companies determine the insurance cost for a BMW 7 Series based on safety ratings, theft rates, replacement costs and overall damage susceptibility. Insurance rates can change based on a driver’s history and location. BMW shoppers should grab quotes from several insurance companies to find the lowest premium possible before they commit. BMW 7 Series shoppers should also do their research and see if they qualify for insurance discounts with each insurance company.
A 2017 BMW 7 Series starts at a base price of $81,500. With the average insurance rate at $2,004 per year, the annual insurance cost–to–base car price ratio is 2.5%.
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The BMW 7 Series is a top-of-the-line luxury sedan that delivers a balance between comfort and performance. It comes standard with cutting-edge technology along with a suite of safety and driver assistance features that could help reduce the cost of insurance. However, the cost of insurance depends on a number of different variables, so it’s important to compare your options to find out exactly how much you’ll pay.
Find out what else BMW has to offer or explore other manufacturers to find models similar to the BMW 7 Series.
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