BMW I7 Insurance Rates
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UPDATED: Mar 28, 2024
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The average insurance rates for a BMW i7 are $1,896 a year with full coverage. Comprehensive costs an estimated $540, collision insurance costs $1,000, and liability costs $246. A liability-only policy costs as little as $298 a year, and high-risk insurance costs around $4,094. Teens cost the most to insure at up to $6,374 a year.
Average premium for full coverage: $1,896
Policy rates broken down by type of insurance:
Rate estimates include $500 comprehensive and collision deductibles, liability limits of 30/60, and includes both medical and UM/UIM coverage. Prices are averaged for all U.S. states and for all i7 models.
Price Range Variability
Using a middle-aged driver as an example, BMW i7 insurance rates range from as low as $298 for basic liability insurance to the much higher price of $4,094 for a driver that may need high-risk insurance.
Urban vs. Rural Price Range
Your location can have significant affects on car insurance rates. More rural locations are shown to have a lower frequency of collision claims than cities with more traffic congestion. The example below illustrates how where you live affects insurance prices.
The examples above demonstrate why everyone should compare rates for a targeted area and risk profile, instead of using averaged prices.
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.
Rate Comparisons
The chart below details average BMW i7 insurance rates for other coverage scenarios.
- The cheapest rate after discounts is $1,033
- Drivers who choose higher $1,000 deductibles will pay approximately $350 annually
- The average rate for a good driver age 40 who has $500 deductibles is $1,896
- Selecting pricier low deductibles for comprehensive and collision insurance will increase the cost to $2,574
- Higher-risk drivers with serious driving violations could pay up to $4,094
- Policy cost for full coverage for a teen driver for full coverage can cost as much as $6,374 a year
Car insurance rates for a BMW i7 also range considerably based on your risk profile, the trim level and model year, and liability limits and deductibles.
A more mature driver with no driving violations and high deductibles may pay as little as $1,700 per year on average, or $142 per month, for full coverage. Rates are much higher for teenagers, where even good drivers will be charged at least $6,300 a year. View Rates by Age
Your home state makes a big difference in BMW i7 insurance prices. A 40-year-old driver could pay as low as $1,370 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $2,560 on average in New York, Michigan, and Florida.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,712 | -$184 | -9.7% |
| Alaska | $1,452 | -$444 | -23.4% |
| Arizona | $1,574 | -$322 | -17.0% |
| Arkansas | $1,896 | -$0 | 0.0% |
| California | $2,158 | $262 | 13.8% |
| Colorado | $1,808 | -$88 | -4.6% |
| Connecticut | $1,946 | $50 | 2.6% |
| Delaware | $2,144 | $248 | 13.1% |
| Florida | $2,368 | $472 | 24.9% |
| Georgia | $1,750 | -$146 | -7.7% |
| Hawaii | $1,362 | -$534 | -28.2% |
| Idaho | $1,282 | -$614 | -32.4% |
| Illinois | $1,412 | -$484 | -25.5% |
| Indiana | $1,430 | -$466 | -24.6% |
| Iowa | $1,280 | -$616 | -32.5% |
| Kansas | $1,800 | -$96 | -5.1% |
| Kentucky | $2,584 | $688 | 36.3% |
| Louisiana | $2,806 | $910 | 48.0% |
| Maine | $1,168 | -$728 | -38.4% |
| Maryland | $1,562 | -$334 | -17.6% |
| Massachusetts | $1,512 | -$384 | -20.3% |
| Michigan | $3,292 | $1,396 | 73.6% |
| Minnesota | $1,586 | -$310 | -16.4% |
| Mississippi | $2,270 | $374 | 19.7% |
| Missouri | $1,680 | -$216 | -11.4% |
| Montana | $2,038 | $142 | 7.5% |
| Nebraska | $1,494 | -$402 | -21.2% |
| Nevada | $2,272 | $376 | 19.8% |
| New Hampshire | $1,368 | -$528 | -27.8% |
| New Jersey | $2,116 | $220 | 11.6% |
| New Mexico | $1,676 | -$220 | -11.6% |
| New York | $1,996 | $100 | 5.3% |
| North Carolina | $1,092 | -$804 | -42.4% |
| North Dakota | $1,552 | -$344 | -18.1% |
| Ohio | $1,310 | -$586 | -30.9% |
| Oklahoma | $1,944 | $48 | 2.5% |
| Oregon | $1,740 | -$156 | -8.2% |
| Pennsylvania | $1,806 | -$90 | -4.7% |
| Rhode Island | $2,528 | $632 | 33.3% |
| South Carolina | $1,716 | -$180 | -9.5% |
| South Dakota | $1,598 | -$298 | -15.7% |
| Tennessee | $1,660 | -$236 | -12.4% |
| Texas | $2,284 | $388 | 20.5% |
| Utah | $1,404 | -$492 | -25.9% |
| Vermont | $1,294 | -$602 | -31.8% |
| Virginia | $1,136 | -$760 | -40.1% |
| Washington | $1,464 | -$432 | -22.8% |
| West Virginia | $1,740 | -$156 | -8.2% |
| Wisconsin | $1,312 | -$584 | -30.8% |
| Wyoming | $1,686 | -$210 | -11.1% |
Choosing higher comprehensive and collision insurance deductibles could save up to $1,030 every year, whereas buying more liability protection will increase premiums. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $222 extra every 12 months. View Rates by Deductible or Liability Limit
If you have a few points on your driving record or tend to cause accidents, you may be forking out $2,200 to $2,900 extra every year, depending on your age. BMW i7 insurance for high-risk drivers can cost as much as 45% to 130% more than the average policy. View High Risk Driver Rates
Insurance Rates by Trim Level and Model Year
| Model and Trim | Annual Premium | Monthly Premium |
|---|---|---|
| BMW i7 | $2,250 | $188 |
| BMW i7 | $1,968 | $164 |
Rates assume 2024 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.
| 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 the Best BMW i7 Insurance
Finding cheaper rates on car insurance not only requires avoiding accidents and violations, but also having above-average credit, not filing small claims, and possibly higher deductibles. Take the time to comparison shop once a year by getting rate quotes from direct companies like GEICO, Progressive, and Esurance, and also from local exclusive and independent agents.
The list below is a brief recap of the data that was touched on in the above illustrations.
- You may be able to save approximately $250 per year just by quoting online well ahead of the renewal date
- Policyholders who want higher liability limits will pay approximately $270 every year to go from a 30/60 limit to 250/500 limits
- Teenagers have the highest car insurance rates, as much as $531 each month if full coverage is included
- Higher risk drivers who tend to receive serious violations may pay on average $2,200 more annually for car insurance
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $6,374 |
| 20 | $4,338 |
| 30 | $2,026 |
| 40 | $1,896 |
| 50 | $1,722 |
| 60 | $1,690 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $2,574 |
| $250 | $2,260 |
| $500 | $1,896 |
| $1,000 | $1,546 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $1,896 |
| 50/100 | $2,017 |
| 100/300 | $2,079 |
| 250/500 | $2,239 |
| 100 CSL | $2,042 |
| 300 CSL | $2,177 |
| 500 CSL | $2,276 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $9,250 |
| 20 | $6,902 |
| 30 | $4,240 |
| 40 | $4,094 |
| 50 | $3,894 |
| 60 | $3,860 |
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.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
| Discount | Savings |
|---|---|
| Multi-policy | $107 |
| Multi-vehicle | $95 |
| Homeowner | $23 |
| 5-yr Accident Free | $161 |
| 5-yr Claim Free | $127 |
| Paid in Full/EFT | $104 |
| Advance Quote | $103 |
| Online Quote | $143 |
| Total Discounts | $863 |
Discounts are estimated and may not be available from every company or in every state.
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