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BMW 7 Series insurance rates

Average BMW 7 series insurance cost? $266. Style doesn’t have to mean sky-high rates.

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We pulled car insurance quotes from top insurance companies to find that the average monthly cost to insure a BMW 7 Series is $265.79 — or approximately $3,190 yearly. However, your actual costs depend on your driving history, vehicle model and year, ZIP plus other factors. And some older models may score you lower rates than others depending on which safety features your vehicle has and which insurer you choose.

Model YearProgressiveGeicoState FarmFarmersAverage
2011 BMW 7$147.25$156.23$233.62$210.78$186.97
2016 BMW 7$172.08$216.52$302.83$212.67$226.03
2021 BMW 7$202.59$246.34$390.90$223.33$265.79

How we got these rates

Our rates are based on a single 30-year-old driver with a clean driving history living in California. California is one of seven states that doesn’t use gender to determine car insurance costs. We chose full coverage car insurance with liability limits that exceed the California state minimum requirements, which include:

  • Bodily injury liability per person: $50,000
  • Bodily injury liability per accident: $100,000
  • Property damage liability: $50,000
  • Comprehensive deductible: $500
  • Collision deductible: $500
  • Medical payments: $5,000
  • Uninsured motorist bodily injury: $50,000/$100,000

Your rates may be different based on details such as your age, location, job type, annual mileage and more.

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How to compare insurance for the BMW 7 Series

Auto insurance is a necessary evil of vehicle ownership. Besides that fact that coverage is mandatory in all but a few states, car insurance provides protection and peace of mind both on and off the road.

With that being said, shopping for coverage can be tricky, 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 several factors that can influence the cost of auto insurance. Since your car’s make and model can vary in terms of performance, theft rates, safety features and other variables, your vehicle choice can have a significant impact. Here are some 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.

Compare the BMW 7’s insurance factors to similar cars

The BMW 7 rides higher in insurance costs than other luxury sedans. However, the 7 isn’t entry-level luxury either, meaning that you’ll pay a midrange luxury ticket price. In general, insurance companies charge more for high-value cars because they pay more to replace the car after an accident.

Models similar to BMW 7 SeriesMonthly insurance costCar value
BMW 7 Series$265.79$87,795
Alfa Romeo Giulia$41,845
Cadillac CT4$34,590
BMW 3 Series$201.15$42,245
Mercedes-Benz C-Class$231.54$42,650

We found 2021 car values from Car and Driver’s review of each model.

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 likely apply to the BMW 7 Series:

  • Antilock brake discount
  • Antitheft 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:
PartsReplacement period
Engine oilEvery 10,000 miles or 12 months
Fuel filtersEvery 20,000 to 40,000 miles
Oil filterEvery 10,000 miles or 12 months
Air filterEvery 60,000 miles
CoolantEvery 10,000 miles
Spark plugsReplace them every 60,000 miles
Brake fluidFirst 30,000 miles then every 60,000 miles after that

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.

About the BMW 7 Series

Introduced in 1977, the 7 Series is BMW’s flagship vehicle that is currently in its sixth generation. The luxurious sedan comes packed with a number of industry-leading technologies, and many standard safety features like BMW’s Surround View, active driving assist, and lane departure warning.

The base 7 Series 740i Sedan has a 3.0-liter BMW Twinpower Turbo inline six-cylinder engine with 335 horsepower and starts at $86,800. For the performance types, you can opt for the 750i xDrive Sedan with a 4.4-liter BMW Twinpower Turbo inline V8, boasting 523 hp, with a starting MSRP of $103,000. If you crave some green tech, the electrified 745e xDrive will run you $95,900.

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.

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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.


Written by

Peter Carleton

Peter Carleton is a freelance writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading. See full profile

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