1990 BMW 7 Series Insurance Quotes – 5 Policy Discounts

Looking for the cheapest insurance rates for your BMW 7 Series? Are you sick and tired of trying to scrape together enough money to insure your BMW every month? Your situation is no different than many other drivers. Having so many different company options, it can be diffult for consumers to choose the most affordable car insurance company.

Free Car Insurance Quotes

Cutting your car insurance rates can be relatively painless. The only requirement is to take a couple of minutes getting comparison quotes from different insurance companies. This is very easy and can be done in a couple of different ways.

  • The single most time-saving way to find the lowest comparison rates is to use a rate comparison form like this one (opens in new window). This type of form prevents you from having to do repetitive form submissions for each company you want a rate for. One quote request will return price quotes direct from many companies.
  • Another way to compare rate quotes requires a visit to each individual company website and fill out their own quote form. For example, we’ll pretend you want to compare Auto-Owners, Farmers and GMAC. To get each rate you have to visit each site to input your insurance information, which is why the first method is quicker.

    For a handy list of car insurance company links in your area, click here.

It doesn’t matter which method you choose, just make sure you use the exact same coverage limits and deductibles for every company. If you enter different deductibles it will be next to impossible to determine the lowest rate for your BMW 7 Series.

Discounts to lower BMW 7 Series insurance rates

Companies don’t necessarily list every available discount very well, so we researched some of the more common as well as the least known savings tricks you should be using. If you don’t get every credit possible, you are throwing money away.

  • Multiple Policy Discount – When you have multiple policies with the same insurance company you may save approximately 10% to 15%.
  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to use their safety belts could save 15% off your PIP or medical payments premium.
  • Anti-lock Brake Discount – Vehicles with anti-lock braking systems prevent accidents and qualify for as much as a 10% discount.
  • Senior Discount – Mature drivers may qualify for a small decrease in premiums for 7 Series coverage.
  • Save with a New Car – Buying coverage on a new vehicle can cost up to 25% less because new vehicles have to meet stringent safety requirements.

As a disclaimer on discounts, most discount credits are not given to the entire cost. The majority will only reduce specific coverage prices like physical damage coverage or medical payments. So when it seems like it’s possible to get free car insurance, you’re out of luck.

Companies that may offer these benefits include:

Before buying, ask every prospective company how you can save money. Some discounts may not be available everywhere.

Tailor your coverage to you

When buying the right insurance coverage, there isn’t really a best way to insure your cars. Every insured’s situation is different and your policy should reflect that. For instance, these questions may help highlight whether or not you might need professional guidance.

  • How do I insure my teen driver?
  • How high should my medical payments coverage be?
  • When should I not file a claim?
  • If I drive on a suspended license am I covered?
  • Do I pay less if my vehicle is kept in my garage?
  • When should my teen driver be added to my policy?
  • Will my insurance pay for OEM parts?

If it’s difficult to answer those questions but one or more may apply to you, you might consider talking to an agent. To find an agent in your area, simply complete this short form or click here for a list of auto insurance companies in your area. It’s fast, free and can help protect your family.

Car insurance specifics

Learning about specific coverages of your car insurance policy can be of help when determining the best coverages and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and nobody wants to actually read their policy. Listed below are the usual coverages available from car insurance companies.

Coverage for uninsured or underinsured drivers – Uninsured or Underinsured Motorist coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered losses include injuries to you and your family and damage to your 1990 BMW 7 Series.

Since many drivers carry very low liability coverage limits, their limits can quickly be used up. That’s why carrying high Uninsured/Underinsured Motorist coverage should not be overlooked.

Liability auto insurance – Liability coverage provides protection from damage that occurs to other people or property in an accident. It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see policy limits of 50/100/50 which means $50,000 bodily injury coverage, a limit of $100,000 in injury protection per accident, and a limit of $50,000 paid for damaged property.

Liability can pay for things like medical expenses, legal defense fees and emergency aid. How much liability should you purchase? That is your choice, but buy as much as you can afford.

Comprehensive car insurance – This pays for damage that is not covered by collision coverage. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for things like hitting a deer, hitting a bird and damage from flooding. The most you’ll receive from a claim is the ACV or actual cash value, so if it’s not worth much more than your deductible consider dropping full coverage.

Collision – This covers damage to your 7 Series from colliding with an object or car. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for things like rolling your car, crashing into a ditch, sideswiping another vehicle, backing into a parked car and driving through your garage door. Collision is rather expensive coverage, so you might think about dropping it from older vehicles. Another option is to bump up the deductible to get cheaper collision coverage.

Coverage for medical expenses – Coverage for medical payments and/or PIP pay for immediate expenses like chiropractic care, pain medications, doctor visits, prosthetic devices and dental work. They are utilized in addition to your health insurance policy or if you do not have health coverage. They cover not only the driver but also the vehicle occupants as well as getting struck while a pedestrian. Personal Injury Protection is not universally available but it provides additional coverages not offered by medical payments coverage