Cheap 1997 BMW 7 Series Insurance Quotes

Searching for the cheapest car insurance rates? Consumers have options when looking for affordable BMW 7 Series insurance. You can either spend your time calling around to compare prices or leverage the internet to compare rates.

There are more efficient ways to find car insurance online so you’re going to learn the proper way to price shop coverage on a BMW and get the lowest possible price from both online companies and local agents.

If you are insured now or are just looking to switch companies, you can use these tips to reduce the price you pay while maintaining coverages. This information will instruct you on how to get online quotes. Consumers just need to know the most efficient way to compare rates online.

Comprehensive Car Insurance Comparison

Finding cheaper 1997 BMW 7 Series car insurance prices is not rocket science. Drivers just need to take the time to compare quotes from different insurance companies. It is quite easy and can be accomplished in several different ways.

One of the best ways consumers can analyze rates would be an industry-wide quote request form like this one (opens in new window). This method prevents you from having to do separate quotation requests for each company you want a rate for. One simple form will get you price quotes instantly. Just one form and you’re done.
Another way to compare rate quotes is to take the time to go to each individual company website and request a quote. For examples sake, we’ll assume you want rates from Nationwide, Geico and State Farm. You would have to go to every website and enter your policy data, which is why most consumers use the first method. For a list of links to companies insuring cars in your area, click here.
The least recommended way to compare rates is to waste gas driving to local insurance agencies. Buying insurance online has reduced the need for local agents unless you require the professional guidance only provided by licensed agents. You can, however, get prices online but still have the advice of a local agent and we’ll talk about that later.

It’s your choice how you get your quotes, but ensure you’re using the exact same deductibles and coverage limits with each company. If you compare different values for each quote it will be next to impossible to make a fair comparison for your BMW 7 Series.

Are you getting all your discounts?

The cost of insuring your cars can be expensive, but there could be available discounts that many people don’t even know exist. Some discounts apply automatically when you quote, but a few need to be inquired about prior to receiving the credit. If they aren’t giving you every credit you qualify for, you’re just leaving money on the table.

Seat Belts Save more than Lives – Drivers who require all occupants to use their safety belts can save up to 15% on the medical payments or PIP coverage costs.
New Vehicle Savings – Insuring a new car can cost up to 25% less since new cars are generally safer.
Multiple Policy Discount – When you combine your home and auto insurance with one insurance company you may earn up to 20% off your total premium.
Safe Drivers – Safe drivers can get discounts for up to 45% lower rates on 7 Series coverage than drivers with accidents.
Senior Discount – Mature drivers may be able to get reduced rates on 7 Series coverage.
Payment Discounts – If you pay your bill all at once rather than paying monthly you could save up to 5%.
Discount for Swiching Early – Some companies give discounts for buying a policy prior to your current policy expiration. The savings is around 10%.
Resident Student – Children who attend school more than 100 miles from home and do not have a car may qualify for this discount.

A little note about advertised discounts, most of the big mark downs will not be given to your bottom line cost. Some only apply to specific coverage prices like medical payments or collision. So when the math indicates all the discounts add up to a free policy, companies wouldn’t make money that way. Any amount of discount will reduce the cost of coverage.

A partial list of companies that may have some of the above discounts are:

Before buying, ask each company what discounts are available to you. Savings might not be offered in your state.

Tailor your coverage to you

When choosing the best insurance coverage for your vehicles, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs.

These are some specific questions might help in determining whether you might need professional guidance.

Am I covered if I wreck a rental car?
Does insurance cover tools stolen from my truck?
Can I pay claims out-of-pocket if I buy high deductibles?
Is borrowed equipment or tools covered if stolen or damaged?
How can I get my company to pay me more for my totalled car?
Do I have coverage if my license is suspended?
What are the best liability limits?
Does my medical payments coverage pay my health insurance deductible?
When can my company non-renew my policy?

If you’re not sure about those questions, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, take a second and complete this form. It is quick, free and can provide invaluable advice.

Coverages available on your policy

Having a good grasp of your insurance policy helps when choosing the right coverages at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy.

Comprehensive (Other than Collision)

This coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then your comprehensive coverage will pay.

Comprehensive coverage pays for things like hitting a bird, rock chips in glass and hail damage. The highest amount your insurance company will pay is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Auto collision coverage

Collision coverage pays for damage to your 7 Series from colliding with another car or object. A deductible applies then your collision coverage will kick in.

Collision coverage pays for things such as crashing into a ditch, colliding with a tree and damaging your car on a curb. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Another option is to increase the deductible to get cheaper collision coverage.

Liability insurance

Liability coverage protects you from damage or injury you incur to other’s property or people. This insurance protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see policy limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and a limit of $25,000 paid for damaged property. Another option is one limit called combined single limit (CSL) that pays claims from the same limit rather than limiting it on a per person basis.

Liability insurance covers claims like medical services, pain and suffering, court costs and repair bills for other people’s vehicles. How much coverage you buy is a decision to put some thought into, but consider buying as high a limit as you can afford.

Medical expense insurance

Medical payments and Personal Injury Protection insurance pay for immediate expenses like surgery, funeral costs and pain medications. They are often used in conjunction with a health insurance policy or if you do not have health coverage. They cover all vehicle occupants in addition to any family member struck as a pedestrian. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Protection from uninsured/underinsured drivers

Uninsured or Underinsured Motorist coverage provides protection from other motorists when they either are underinsured or have no liability coverage at all. Covered claims include medical payments for you and your occupants as well as your vehicle’s damage.

Because many people carry very low liability coverage limits, it only takes a small accident to exceed their coverage. So UM/UIM coverage is very important. Usually these limits are identical to your policy’s liability coverage.