2017 BMW 7 Series Insurance Quotes in 2024 – 7 Ways to Save

Paying for high-priced BMW 7 Series insurance can sap your funds and possibly require you to analyze your spending habits.

You have so many insurers to choose from, and even though it’s nice to have a choice, more choices can make it harder to adequately compare rates.

Smart consumers take time to compare prices as often as possible because insurance prices are usually higher with each renewal. Even if you got the best rates on 7 Series coverage two years ago you may be paying too much now. Don’t believe everything you read about insurance on the web, but I’m going to show you some guaranteed methods to lower your insurance bill.

Affordable car insurance

There are a variety of methods to shop for car insurance, and some are easier and takes less work. You could waste a few hours talking to insurance agencies in your area, or you could save time and use the web to get rate comparisons in just a few minutes.

Many companies participate in an industry program that allows shoppers to only type in their quote data once, and at least one company returns a competitive quote. This saves time by eliminating quotation requests to each individual car insurance company.

To find out how much you can save on car insurance enter your zip code here.

The only downside to using this type of form is buyers cannot specifically choose which companies you will receive quotes from. If you wish to select individual companies to compare rates, we have a page of the cheapest car insurance companies in your area. Click to enter zip code.

You can choose any of those ways to find more affordable coverage, but do your best to use the exact same coverage information for each quote you get. If your comparisons have different deductibles it will be next to impossible to determine which rate is truly the best. Quoting even small variations in coverages could throw off the whole comparison. And when comparison shopping, obtaining a wide range of quotes helps increase your odds of locating better pricing.

The insurance coverage bait and switch

Insurance coverage companies such as Progressive, GEICO, Allstate and State Farm endlessly run television, radio, and online ads. All the companies make the same claim about savings if you switch to them. How does each company have lower policy pricing? This is the way they can do it.

All companies require specific criteria for the right customer that will generate a profit. One example of a profitable risk profile may need to be over the age of 40, has other policies, and chooses high deductibles. Any person that hits that “sweet spot” will qualify for the lowest premium rates and is almost guaranteed to save money with a new company.

Potential insureds who may not quite match these stringent criteria must pay a more expensive rate with the end result being the prospect going elsewhere. If you pay attention, the ads say “customers who switch” not “everyone that quotes” save that much when switching. This is how companies can make claims like that. Because every company is different, you really need to compare price quotes frequently. It is impossible to guess which company will fit you best based on your risk profile.

Get cheap auto insurance with discounts

Companies that sell car insurance don’t always advertise every discount available in an easy-to-find place, so the next list breaks down a few of the more well known and also the more inconspicuous savings tricks you should be using when you buy car insurance online.

• Online Discount – Some larger companies will give a small break shop car insurance on the web.
• Multi-car Discount – Having multiple vehicles with the same company can reduce the rates for all insured vehicles.
• Early Payment Discounts – By paying your entire bill at once rather than paying in monthly installments you can actually save on your bill.
• Passive Restraints and Air Bags – Cars that have air bags may earn rate discounts of more than 20%.
• Auto/Life Discount – If the company offers life insurance, you could get a lower rate if you buy auto and life insurance together.
• No Charge for an Accident – but companies like Progressive and Allstate will allow you to have one accident before they charge you more for coverage so long as you are claim-free for a particular time prior to the accident.
• Homeowners Pay Less – Just owning your own home can save a few bucks due to the fact that maintaining a home requires personal responsibility.

Discounts save money, but please remember that some credits don’t apply to the entire policy premium. Some only reduce the cost of specific coverages such as medical payments or collision. So even though they make it sound like you would end up receiving a 100% discount, it just doesn’t work that way.

Companies and a selection of discounts are detailed below.

• Farm Bureau may offer discounts for multi-vehicle, safe driver, driver training, 55 and retired, and youthful driver.
• MetLife offers discounts including good driver, claim-free, accident-free, good student, defensive driver, and multi-policy.
• Progressive may have discounts that include homeowner, continuous coverage, multi-policy, online signing, multi-vehicle, and online quote discount.
• AAA policyholders can earn discounts including anti-theft, multi-car, multi-policy, education and occupation, AAA membership discount, and good driver.
• American Family offers premium reductions for bundled insurance, early bird, TimeAway discount, air bags, defensive driver, and good driver.
• GEICO may include discounts for federal employee, seat belt use, membership and employees, driver training, air bags, multi-policy, and daytime running lights.
• State Farm offers discounts for Steer Clear safe driver discount, accident-free, Drive Safe & Save, defensive driving training, good driver, passive restraint, and good student.

When getting free car insurance quotes, it’s a good idea to all companies you are considering what discounts are available to you. Some of the discounts discussed earlier may not apply to policyholders in your area. To choose auto insurance companies that have a full spectrum of discounts, enter your zip code here.

Tailor your car insurance coverage to you

When choosing proper insurance coverage for your personal vehicles, there is no cookie cutter policy. Everyone’s situation is a little different and your policy should reflect that. For example, these questions might point out whether or not you would benefit from professional advice.

• Am I covered when driving someone else’s vehicle?
• Where can I find high-risk insurance?
• Does my 2017 BMW 7 Series need full coverage?
• When should my teen driver be added to my policy?
• What is PIP insurance?
• Will my rates increase for filing one claim?
• What is no-fault insurance?
• Is my 2017 BMW 7 Series covered for smoke damage?
• Am I covered by my spouse’s policy after a separation?
• Do I need more liability coverage?

If you can’t answer these questions, you may need to chat with a licensed agent. To find lower rates from a local agent, simply complete your zip code.

Specifics of your insurance policy

Learning about specific coverages of a insurance policy can be of help when determining the right coverages at the best deductibles and correct limits. Insurance terms can be ambiguous and reading a policy is terribly boring. Below you’ll find the normal coverages available from insurance companies.

Medical expense insurance – Med pay and PIP coverage provide coverage for bills such as rehabilitation expenses, nursing services, doctor visits and funeral costs. The coverages can be used in conjunction with a health insurance policy or if you do not have health coverage. It covers not only the driver but also the vehicle occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states and gives slightly broader coverage than med pay

Collision coverage – Collision insurance covers damage to your 7 Series resulting from colliding with a stationary object or other vehicle. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as hitting a mailbox, backing into a parked car and colliding with another moving vehicle. This coverage can be expensive, so consider removing coverage from lower value vehicles. Another option is to increase the deductible to save money on collision insurance.

Coverage for liability – Liability coverage provides protection from damage or injury you incur to other people or property by causing an accident. This coverage protects you against claims from other people. Liability doesn’t cover damage to your own property or vehicle.

Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 which stand for a $25,000 limit per person for injuries, $50,000 for the entire accident, and property damage coverage for $25,000.

Liability coverage pays for things such as pain and suffering, legal defense fees and medical expenses. The amount of liability coverage you purchase is your choice, but consider buying higher limits if possible.

Comprehensive (Other than Collision) – This coverage covers damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage protects against claims like damage from getting keyed, a broken windshield, a tree branch falling on your vehicle, rock chips in glass and vandalism. The highest amount you’ll receive from a claim is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include injuries to you and your family and damage to your 2017 BMW 7 Series.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Buy Smart and Save

Some insurance providers do not provide price quotes online and these smaller providers only sell through independent agencies. Cheap 2017 BMW 7 Series insurance is available both online in addition to local insurance agencies, and you should be comparing both in order to have the best price selection to choose from.

Throughout this article, we presented a lot of information how to lower your 2017 BMW 7 Series insurance rates. It’s most important to understand that the more rate comparisons you have, the better likelihood of getting cheaper car insurance. You may even discover the lowest rates are with a small mutual company. They can often insure niche markets at a lower cost as compared to the big name companies such as State Farm or Progressive.