View 2015 BMW 7 Series Insurance Rates

Sick and tired of robbing Peter to pay Paul to insure your BMW every month? You are no different than millions of other consumers. Having so many insurance providers from which to choose, it can be diffult for consumers to pick the most cost effective insurance company.

You need to get comparison quotes yearly because insurance rates change quite often. If you had the best rates on 7 Series insurance six months ago there may be better deals available now. So block out anything you think you know about auto insurance because it’s time to teach you the best methods to properly buy coverages and cut your premium.

Buying car insurance is quite easy. If you have car insurance now, you should be able to save some money using these techniques. Drivers just need to learn the best way to find the lowest price online.

Discounts are great for lower rates

Companies don’t always list all their discounts very well, so the following is a list of both well-publicized as well as the least known ways to save on insurance coverage. If you don’t get every credit possible, you are paying more than you should be.

  • Braking Control Discount – Vehicles equipped with ABS or steering control can avoid accidents and therefore earn up to a 10% discount.
  • Safe Drivers – Safe drivers may save up to 50% more on 7 Series insurance than drivers with accident claims.
  • Air Bag Discount – Cars that have air bags and/or automatic seat belt systems can receive discounts up to 30%.
  • Fewer Miles Equal More Savings – Keeping the miles down on your BMW could be rewarded with better rates on cars that stay parked.
  • Payment Method – If you pay your entire premium ahead of time rather than paying monthly you may reduce your total bill.
  • Auto/Home Discount – If you insure your home and vehicles with one insurance company you may save approximately 10% to 15%.
  • E-sign – Certain companies may give you up to $50 just for signing your application online.

Drivers should understand that most of the big mark downs will not be given to the overall cost of the policy. Most only reduce specific coverage prices like medical payments or collision. So despite the fact that it appears you can get free auto insurance, it doesn’t quite work that way.

For a list of providers who offer insurance coverage discounts, follow this link.

How to Get Auto Insurance

Getting better 2015 BMW 7 Series auto insurance pricing is actually quite simple. The only requirement is to spend a few minutes on the computer comparing rate quotes provided by online insurance companies. It is quite easy and can be accomplished in a couple of different ways.

  1. The most efficient way to compare a lot of rates at once is to use a rate comparison form click here to open form in new window. This type of form saves time by eliminating repetitive form submissions to each individual auto insurance company. One form submission gets you coverage quotes instantly.
  2. A more time consuming way to shop for auto insurance online is to manually visit each individual company website to request a price quote. For instance, we’ll pretend you want rates from Nationwide, State Farm and Farmers. You would have to take the time to go to each site to enter your coverage information, which is why the first method is more popular.

    For a list of links to insurance companies in your area, click here.

It’s up to you which method you use, but ensure you are comparing the exact same deductibles and coverage limits on every quote. If you use unequal deductibles or liability limits it will be impossible to determine the best price for your BMW 7 Series.

BMW 7 Series insurance rates can be determined by these details

An important part of buying insurance is that you know some of the elements that come into play when calculating your car insurance rates. When you know what positively or negatively controls the rates you pay enables informed choices that could result in better car insurance rates.

The list below includes some of the items car insurance companies consider when setting premiums.

  • Better credit scores mean better rates – A driver’s credit score is a big factor in determining your rates. Consumers who have good credit tend to be less risk to insure than those with lower ratings. So if your credit score is low, you could save money insuring your 2015 BMW 7 Series by spending a little time repairing your credit.
  • Sex matters – Statistics demonstrate women are more cautious behind the wheel. However, this does not mean men are WORSE drivers than women. Men and women tend to get into accidents at a similar rate, but the men have costlier accidents. Men also statistically receive more costly citations such as DWI and reckless driving. Young males are the most expensive to insure and therefore have the most expensive car insurance rates.
  • Multiple policies with one company can save – Many insurance companies will give a discount to customers who buy several policies from them. It’s known as a multi-policy discount. Discounts can be 10 percent or more. Even with this discount, it’s still a good idea to compare other company rates to confirm you are receiving the best rates possible. You may still find better rates by splitting coverages up.
  • Rate your vehicle for proper use – The more miles you rack up on your BMW each year the higher your rate. Most insurance companies charge to insure your cars based on how the vehicle is used. Cars and trucks left parked in the garage receive lower rates than those used for commuting. Make sure your car insurance policy properly reflects how each vehicle is driven, because improper ratings can cost you money. If your policy improperly rates your 7 Series may be costing you.
  • Liability coverage is peace of mind – Liability insurance is the protection in the event that you are found liable for damages from an accident. Liability provides for a legal defense up to the limits shown on your policy. Liability is cheap compared to physical damage coverage, so do not cut corners here.
  • Your age impacts your rates – Teenage drivers are known to be careless and easily distracted when behind the wheel so car insurance rates are higher. Older insureds are more cautious drivers, tend to file fewer claims and are safer drivers.

You may need specialized coverage

When it comes to buying the right insurance coverage, there really is not a best way to insure your cars. Each situation is unique and your policy should reflect that. Here are some questions about coverages that may help highlight if you would benefit from an agent’s advice.

  • Can my babysitter drive my car?
  • Do I need an umbrella policy?
  • If my pet gets injured in an accident are they covered?
  • Can I pay claims out-of-pocket if I buy high deductibles?
  • Am I missing any policy discounts?
  • Are there companies who specialize in insuring high-risk drivers?

If you’re not sure about those questions, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and may give you better protection.

Don’t believe everything you hear

Consumers can’t ignore all the ads that promise big savings by Progressive, Allstate and Geico. All the ads make an identical promise that you’ll save big if you change to their company.

How does each company claim to save you money?

Different companies can use profiling for the type of driver they prefer to insure. A good example of a profitable customer might be between 25 and 40, is a homeowner, and chooses high deductibles. A customer who matches those parameters is entitled to the best price and as a result will probably save when they switch companies.

Consumers who do not match this ideal profile must pay higher premiums which usually ends up with business going elsewhere. The ad wording is “customers that switch” not “everyone that quotes” save that much. That is how companies can make the claims of big savings. This illustrates why you should get quotes from several different companies. You cannot predict which insurance companies will give you the biggest savings on BMW 7 Series insurance.

Car insurance coverage specifics

Knowing the specifics of car insurance can be of help when determining which coverages you need for your vehicles. The terms used in a policy can be difficult to understand and even agents have difficulty translating policy wording. Shown next are typical coverages found on the average car insurance policy.

UM/UIM Coverage

This coverage gives you protection when the “other guys” either are underinsured or have no liability coverage at all. It can pay for injuries to you and your family as well as your vehicle’s damage.

Since many drivers only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. That’s why carrying high Uninsured/Underinsured Motorist coverage is a good idea.

Collision coverage protection

This coverage will pay to fix damage to your 7 Series resulting 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 claims such as damaging your car on a curb, crashing into a ditch, colliding with another moving vehicle and colliding with a tree. Collision coverage makes up a good portion of your premium, 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.

Comprehensive or Other Than Collision

Comprehensive insurance coverage pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for things such as hail damage, damage from a tornado or hurricane, damage from flooding and a broken windshield. The most you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Auto liability insurance

Liability coverage can cover damage that occurs to other’s property or people by causing an accident. This coverage protects you against other people’s claims, 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. Your policy might show policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a per accident bodily injury limit of $300,000, and a limit of $100,000 paid for damaged property.

Liability coverage protects against things like repair costs for stationary objects, attorney fees, structural damage and medical services. How much liability should you purchase? That is your choice, but you should buy as high a limit as you can afford.

Medical costs insurance

Med pay and PIP coverage provide coverage for short-term medical expenses for things like funeral costs, dental work, ambulance fees and chiropractic care. They are often used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. Medical payments and PIP cover all vehicle occupants in addition to if you are hit as a while walking down the street. PIP is not available in all states and gives slightly broader coverage than med pay

Be a Smart Shopper

Affordable 2015 BMW 7 Series insurance is definitely available online and also from your neighborhood agents, so compare prices from both to have the best chance of lowering rates. There are still a few companies who may not provide the ability to get a quote online and usually these regional insurance providers provide coverage only through local independent agents.

While you’re price shopping online, it’s very important that you do not skimp on critical coverages to save a buck or two. There have been many cases where an insured dropped collision coverage and learned later that a couple dollars of savings turned into a financial nightmare. Your strategy should be to purchase plenty of coverage at an affordable rate, not the least amount of coverage.

More detailed insurance information can be read by following these links: