BMW I7 Insurance Rates
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UPDATED: Mar 28, 2024
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The average auto insurance rates for a BMW i7 are $1,896 annually including full coverage. Comprehensive costs approximately $540, collision insurance costs $1,000, and liability coverage costs around $246. Liability-only coverage costs as low as $298 a year, and high-risk coverage costs around $4,094. 16-year-old drivers cost the most to insure at up to $6,374 a year.
Average premium for full coverage: $1,896
Policy rates by type of insurance:
Price estimates include $500 policy deductibles, 30/60 liability coverage, and includes medical and UM/UIM coverage. Prices are averaged for all 50 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 cheap as $298 for just liability insurance to the much higher price of $4,094 for a policy for a high-risk driver.
Urban vs. Rural Price Range
Where you live has a large influence on car insurance prices. Rural locations are shown to have fewer comprehensive and collision claims than congested cities. The example below illustrates how where you live affects auto insurance prices.
The examples above highlight why everyone should compare prices using their specific location and their own personal driving habits, rather than using rate averages.
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.
More Rate Details
The chart below breaks down average BMW i7 insurance rates for additional coverage and risk scenarios.
- The best full coverage rate is $1,033
- Using higher $1,000 deductibles will save $350 every year
- The estimated rate for a good driver age 40 who chooses $500 deductibles is $1,896
- Buying pricier low deductibles for physical damage coverage will cost $2,574
- Higher-risk drivers with multiple tickets or accidents could pay around $4,094
- Policy cost with full coverage for a teenage driver for full coverage can cost $6,374 or more
Insurance rates for a BMW i7 also range considerably based on the model year and trim level, your driving characteristics, and physical damage deductibles and liability limits.
A more mature driver with no violations or accidents and high physical damage deductibles may only pay around $1,700 a year, or $142 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they should be prepared to pay in the ballpark of $6,300 a year. View Rates by Age
If you have a few points on your driving record or you caused a few accidents, you are likely paying anywhere from $2,200 to $2,900 additional every year, depending on your age. BMW i7 insurance for high-risk drivers can be around 45% to 130% more than the average rate. View High Risk Driver Rates
Opting for high physical damage deductibles could cut rates by as much as $1,030 a year, whereas buying more liability protection will push rates upward. Changing from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $222 more each year. View Rates by Deductible or Liability Limit
Your home state has a huge impact on BMW i7 insurance rates. A driver around age 40 might see rates as low as $1,450 a year in states like Vermont, New Hampshire, and Missouri, or at least $2,700 on average in Louisiana, New York, and Michigan.
| 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% |
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 Buy Cheaper BMW i7 Insurance
Finding cheaper rates on auto insurance requires being safe and accident-free, having good credit, paying for small claims out-of-pocket, and consideration of higher deductibles. Take the time to comparison shop every year by getting rate quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.
Below you'll find a condensed summary of the coverage data touched on in the above illustrations.
- You may be able to save around $250 per year just by quoting online well ahead of the renewal date
- Increasing comprehensive and collision deductibles could save up to $1,025 each year
- Youthful drivers are the costliest to insure, with premiums being up to $531 each month if they have full coverage
- Drivers with multiple at-fault accidents may have to pay on average $2,200 more per year than a low-risk driver
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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