2000 BMW 7 Series Insurance Rates – 10 Savings Tips

Want lower insurance coverage rates for your BMW 7 Series? Did you fall for a flashy sales pitch and buy overpriced insurance coverage? Trust us, you’re not alone.

You have multiple insurance companies to pick from, and even though it’s nice to be able to choose, lots of choices makes it harder to adequately compare rates.

Comprehensive Insurance Coverage Comparison Quotes

All the larger insurance coverage companies give prices for coverage online. Getting online quotes is quite easy as you simply enter your personal and coverage information into a form. After you complete the form, the company’s rating system automatically orders your credit score and driving record and generates pricing information. Quoting online helps simplify price comparisons, but the time required to go to several different sites and type in the same information is repetitive and time-consuming. But it’s absolutely necessary to compare as many rates as possible in order to find the lowest possible prices on insurance coverage.

A quicker way to locate the lowest prices utilizes a single form to obtain quotes from several different companies. This type of form saves time, eliminates repetitive work, and makes online quotes a lot less work. Immediately after submitting the form, it is rated and you are able to buy any of the pricing results. If you find a better price it’s easy to complete the application and purchase the new policy. This process takes less than 15 minutes and may save quite a bit of money.

In order to compare rates now, click here to open in new window and submit your coverage information. If you have a policy now, it’s recommended you type in deductibles and limits exactly as shown on your declarations page. This makes sure you are getting a price comparison based on similar coverages.

What is the best insurance coverage?

When buying proper insurance coverage for your vehicles, there really is not a “perfect” insurance plan. Each situation is unique and a cookie cutter policy won’t apply. These are some specific questions can help discover if your insurance needs would benefit from an agent’s advice.

  • Do I need to file an SR-22 for a DUI in my state?
  • Am I covered if I break a side mirror?
  • I have a DUI can I still get coverage?
  • Am I covered when driving a rental car?
  • Is my ex-spouse still covered by my policy?
  • Does my insurance cover damage caused when ticketed for reckless driving?
  • When would I need rental car insurance?
  • Is my BMW 7 Series covered if I use it for business?
  • Is my business laptop covered if it gets stolen from my vehicle?

If it’s difficult to answer those questions but one or more may apply to you, then you may want to think about talking to a licensed agent. If you don’t have a local agent, fill out this quick form or you can also visit this page to select a carrier

Car insurance specifics

Having a good grasp of your car insurance policy aids in choosing the right coverages at the best deductibles and correct limits. Policy terminology can be confusing and nobody wants to actually read their policy. These are typical coverage types available from car insurance companies.

Comprehensive or Other Than Collision

Comprehensive insurance coverage will pay to fix damage that is not covered by collision coverage. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage pays for claims such as vandalism, hitting a deer, theft, damage from flooding and hitting a bird. The highest amount your car insurance company will pay is the cash value of the vehicle, so if the vehicle is not worth much it’s not worth carrying full coverage.

Liability car insurance

This coverage protects you from damage or injury you incur to a person or their property by causing an accident. This coverage protects you against claims from other people, and doesn’t cover your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You might see values of 50/100/50 that translate to $50,000 in coverage for each person’s injuries, $100,000 for the entire accident, and $50,000 of coverage for damaged propery.

Liability coverage pays for claims like attorney fees, funeral expenses, structural damage and legal defense fees. How much liability should you purchase? That is your choice, but buy as high a limit as you can afford.

Collision protection

Collision coverage will pay to fix damage to your 7 Series from colliding with another vehicle or an object, but not an animal. You have to pay a deductible then your collision coverage will kick in.

Collision can pay for things like backing into a parked car, crashing into a ditch and hitting a mailbox. Collision is rather expensive coverage, so analyze the benefit of dropping coverage from older vehicles. It’s also possible to raise the deductible in order to get cheaper collision rates.

Medical costs insurance

Med pay and PIP coverage reimburse you for immediate expenses for things like ambulance fees, rehabilitation expenses, chiropractic care, EMT expenses and prosthetic devices. The coverages can be utilized in addition to your health insurance policy or if you do not have health coverage. Medical payments and PIP cover not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

UM/UIM Coverage

This coverage gives you protection when other motorists either are underinsured or have no liability coverage at all. It can pay for injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many drivers only purchase the least amount of liability that is required, their limits can quickly be used up. For this reason, having high UM/UIM coverages is very important.