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BMW 7 Series insurance rates

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Average BMW 7 Series insurance rates

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.

Companies that offer coverage for BMW 7 Series

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.

Compare insurance providers that cover BMW 7 Series

Name Product Roadside assistance New car protection Available states
Allstate
Included free
Yes, cars under 2 years old
All 50 states
Enjoy having your own dedicated agent to help you get the best discounts and coverage.
Liberty Mutual
Included free
Yes, cars under 1 year old & 15,000 miles
All 50 states
Car insurance through Liberty Mutual will give coverage options for almost any situation.
Root
Included free
No
AZ, AR, DE, IL, IN, IA, KY, LA, MD, MI, MS, MT, NM, ND, OH, OK, OR, PA, TX, UT
Root offers simple, affordable insurance that’s ideal for good drivers. Try the Root app for 2 weeks and see how much you could save. Available in 20 states.
Esurance
Optional
Yes, cars under 1 year old & 15,000 miles
All states except AK, DE, HI, MT, NH, VT, WY
Esurance offers a modern online and mobile experience that helps you take your insurance on the go. Available in 42 states.
Metromile
Optional
Yes, cars under 1 year old & 15,000 miles
CA, IL, NJ, OR, PA, VA, WA
Drive less than 30 miles a day? Save on the coverage you need with pay-per-mile insurance from Metromile. Get a low monthly rate then pay just a few cents per mile. Available in CA, IL, NJ, OR, PA, VA and WA.
USAA
Included free
No
All 50 states
USAA offers affordable car insurance with highly rated customer service to millions of military members and their families. Only available to military members, veterans and affiliated military members.

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How to compare insurance for the 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.

  • Price. Since policies and coverage can differ, it’s important to use the same details when getting quotes from providers. This will allow you to compare prices for similar coverage options.
  • Deductible. Your deductible amount can directly affect the cost of insurance, so it’s important to choose an option that fits your financial situation.
  • Minimum coverage. Almost every state has minimum coverage requirements. Ensure that your state’s minimums are met before purchasing a policy.
  • Additional coverage. Many providers offer additional coverage that can add another layer of protection to your policy. Be sure to include these options when getting quotes to get a more accurate estimate.
  • Extras. No-deductible glass repairs and accident forgiveness are two of many possible extras you may come across when shopping around. Find out what features are included on your policy and what you’ll need to pay extra for.
  • Restrictions. Find out if there are any coverage restrictions to avoid denied claims or gaps in coverage.
  • Manufacturer offer or loyalty discount. Some manufacturers have partnerships with insurance providers. Ask BMW if you are eligible for any manufacturer offers or loyalty discounts.
  • Warranty. Find out what’s covered by your manufacturer or extended warranty to avoid paying for overlapping coverage.

What factors affect car insurance rates for BMW 7 Series?

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.

  • Body type. The 7 Series is a four-door sedan that’s designed for low-risk driving like commuting and daily driving. This could make for lower premiums.
  • Type of car. Like most BMW models, the 7 Series is a luxury vehicle. These types of vehicles can be expensive to insure.
  • Theft. Sedans are the most frequently stolen type of vehicle, which could make for more expensive insurance.
  • Repairs. BMWs are notoriously expensive to repair, especially on the higher-end models. The increased cost of parts and service may increase the cost of coverage.
  • Safety ratings. While the 7 Series doesn’t currently have official safety ratings, BMW vehicles are generally highly rated, which could lead to cheaper insurance.
  • Fuel type. The 7 Series runs on gasoline, which might make it cheaper to insure compared to diesel or hybrid vehicles.
  • Trim & packages. Choosing features that increase visibility, handling or safety may lead to lower insurance premiums. Features that improve performance or drastically increase price might make coverage more expensive.

BMW 7 Series money-saving safety features

You could save money on car insurance for your BMW 7 Series if it comes equipped with these safety features.

  • Airbags
  • Anti-lock brakes
  • Anti-theft device
  • Parking sensors
  • Surround view camera system
  • Daytime running lights
  • Electronic stability control
  • Seatbelt pretensioners
  • Rear backup sensors
  • Lane-departure warning systems
  • Adaptive cruise control

Does the BMW 7 Series qualify for auto insurance discounts?

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:

  • New car discount
  • Anti-lock brake discount
  • Anti-theft discount
  • Passive restraint discount (Airbags, motorized seat belts, etc.)
  • Emergency roadside assistance discount

BMW 7 Series reliability & safety ratings

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.

BMW 7 Series maintenance

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.

  • BMW suggests an oil change every 10,000 miles or 12 months. Depending on how you drive your vehicle, you may want to consider having it changed more often.
  • Oil changes should cost between $100 to $200, but your cost may vary.
  • Newer BMW models come equipped with a Condition Based Servicing system and a Service Interval Indicator. Both of these systems will monitor your vehicle and let you know when parts need replacing and when the vehicle should be brought in for service. However, here is BMWs standard maintenance schedule:

Is an extended warranty worth it for the BMW 7 Series?

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.

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About the BMW 7 Series

BMW 7 Series Insurance FinderThe 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.

Random BMW Facts

  • BMW was founded in 1917 and entered the aircraft manufacturing market. They started manufacturing cars in 1928.
  • BMW prices start at $34,000 and can go up to $154,000.
  • The 3 Series line is the best selling BMW model.
  • The BMW 7 Series was the most likely to get stolen, based on a ranking by the National Highway Traffic Safety Administration for 2011.
  • After World War II, BMW switched to producing pots, pans and bicycles until 1948, when they restarted motorcycle production.

BMW 7 Series car insurance rates

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%.

Model Monthly insurance rate Base car price
2 Series $238.00 $33,150
3 Series $178.00 $33,450
4 Series $238.00 $41,950
5 Series $169.00 $51,200
6 Series $160.00 $77,600
7 Series $167.00 $81,500
i3 $181.00 $46,250
i8 $161.00 $143,400
M2 $238.00 $52,500
M3 $167.00 $64,000
M4 $159.00 $66,200
M6 $161.00 $113,700
X1 $179.00 $33,750
X3 $180.00 $40,050
X4 $238.00 $45,550
X5 $178.00 $56,600
X6 $173.00 $62,500

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Bottom line

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.

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Frequently asked questions about the BMW 7 Series

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