2017 BMW 7 Series Insurance Quotes – 9 Discounts for Best Rates

Trying to find the cheapest insurance coverage rates? Buyers have options when searching for low-cost BMW 7 Series insurance. You can either waste hours struggling with agents to get rate comparisons or leverage the internet to compare rates. There is a right way and a wrong way to shop for insurance coverage so we’re going to tell you the best way to price shop coverage on a BMW and get the cheapest rates.

If you have a current auto insurance policy or are shopping for new coverage, you can follow these tips to reduce the price you pay and possibly find even better coverage. The purpose of this post is to introduce you to the best way to quote coverages and some tricks to saving. Consumers just need to learn the proper way to shop their coverage around online.

Car insurance discounts help lower rates

Some companies do not list all possible discounts in a way that’s easy to find, so below is a list some of the more common and the more hidden ways to save on car insurance.

  • New Vehicle Savings – Buying a new car model can get you a discount since newer vehicles are generally safer.
  • Payment Method – By paying your policy upfront rather than spreading payments over time you can avoid monthly service charges.
  • Defensive Driving Course – Successfully completing a safe driver course is a good idea and can lower rates and easily pay for the cost of the class.
  • Multi-policy Discount – If you insure your home and vehicles and insure them both with the same insurance company you could get a discount of approximately 10% to 15%.
  • First Accident Forgiveness – This one is not really a discount per se, but companies like Liberty Mutual, Allstate and State Farm allow you one accident without getting socked with a rate hike so long as you haven’t had any claims for a set time period.
  • Senior Discount – Mature drivers are able to get a slight reduction on a car insurance quote on 7 Series coverage.
  • Paperwork-free – Some insurance companies will give you a small discount for buying a policy and signing up on their website.
  • Discount for Home Ownership – Owning a house may trigger a policy discount on car insurance because owning a home demonstrates responsibility.
  • Use Seat Belts – Using a seat belt and requiring all passengers to wear their seat belts can save up to 15% off PIP or medical payments premium.

While discounts sound great, it’s important to understand that most credits do not apply the the whole policy. Most only apply to the price of certain insurance coverages like liability, collision or medical payments. So even though you would think you could get a free car insurance policy, it just doesn’t work that way.

A few popular companies and the discounts they provide can be found below.

  • State Farm policyholders can earn discounts including safe vehicle, Steer Clear safe driver discount, passive restraint, good driver, student away at school, driver’s education, and defensive driving training.
  • Geico has savings for membership and employees, seat belt use, anti-theft, multi-vehicle, and driver training.
  • Progressive offers discounts including multi-policy, homeowner, continuous coverage, multi-vehicle, online quote discount, good student, and online signing.
  • 21st Century may include discounts for student driver, automatic seat belts, teen driver, anti-lock brakes, and theft prevention.
  • American Family has discounts for defensive driver, bundled insurance, air bags, good driver, and TimeAway discount.
  • The Hartford may offer discounts for driver training, good student, anti-theft, defensive driver, bundle, vehicle fuel type, and air bag.
  • AAA includes discounts for good student, multi-car, pay-in-full, AAA membership discount, anti-theft, education and occupation, and multi-policy.

When comparing rates, check with each company or agent which discounts they offer. Some of the discounts discussed earlier may not apply to policyholders in your area. If you would like to choose from a list of car insurance companies with the best discounts, click this link.

Buy insurance coverage online

There are multiple methods to compare insurance coverage prices but one way is easier and takes less work. You can spend your afternoon talking to insurance agencies in your area, or you could save time and use online quoting to maximize your effort.

Most car insurance companies participate in an industry program where prospective buyers submit their information once, and each company then gives them pricing based on that information. This eliminates the need for quote forms for each company you want a rate for.

To enter your information into the quoting system, click here (opens in new window).

One minor caviat to doing it this way is that you can’t choose which carriers you want pricing from. So if you prefer to pick from a list of companies to request quotes from, we have assembled a list of low cost insurance coverage companies in your area. Click here for list of insurance companies.

The approach you take is up to you, just try to keep apples-to-apples deductibles and coverage limits for each comparison quote. If your comparisons have unequal deductibles or liability limits it’s not possible to make a fair comparison for your BMW 7 Series.

Which is the best auto insurance?

When it comes to choosing the best auto insurance coverage for your personal vehicles, there isn’t really a “best” method to buy coverage. Everyone’s needs are different.

For example, these questions can help discover if your insurance needs might need professional guidance.

  • How do I buy GAP insurance?
  • What is medical payments coverage?
  • Should I rate my 2017 BMW 7 Series as pleasure use or commute?
  • Do I have newly-aquired coverage?
  • What vehicles should carry emergency assistance coverage?
  • When should I remove comp and collision on my 2017 BMW 7 Series?
  • Is my teen driver covered when they drive my company car?
  • Does my insurance cover a custom paint job?

If it’s difficult to answer those questions but you know they apply to you, you might consider talking to an insurance agent. To find an agent in your area, fill out this quick form. It only takes a few minutes and can provide invaluable advice.

Insurance coverages and their meanings

Having a good grasp of your insurance policy can help you determine the best coverages and the correct deductibles and limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording.

Collision coverages – Collision insurance pays to fix your vehicle from damage resulting from colliding with another vehicle or an object, but not an animal. A deductible applies then the remaining damage will be paid by your insurance company.

Collision insurance covers claims such as driving through your garage door, damaging your car on a curb and crashing into a building. Collision is rather expensive coverage, so you might think about dropping it from lower value vehicles. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Medical expense insurance – Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses such as funeral costs, prosthetic devices and rehabilitation expenses. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. Coverage applies to you and your occupants as well as getting struck while a pedestrian. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage

Comprehensive (Other than Collision) – This coverage covers damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims such as hitting a bird, hail damage, damage from a tornado or hurricane and damage from flooding. The maximum amount your insurance company will pay is the ACV or actual cash value, so if the vehicle is not worth much consider dropping full coverage.

Protection from uninsured/underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants when the “other guys” do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants and also any damage incurred to your BMW 7 Series.

Because many people only carry the minimum required liability limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is important protection for you and your family.

Liability insurance – Liability insurance can cover damage or injury you incur to other people or property in an accident. It protects you from claims by other people, and doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have 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 property damage coverage for $100,000.

Liability insurance covers things such as attorney fees, emergency aid, loss of income, medical expenses and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but you should buy as large an amount as possible.

You can do this!

Lower-priced 2017 BMW 7 Series insurance can be purchased both online in addition to many insurance agents, so you should be comparing quotes from both in order to have the best price selection to choose from. Some auto insurance companies may not offer rate quotes online and these smaller companies sell through independent agents.

In this article, we presented many tips how you can save on 2017 BMW 7 Series insurance. The key concept to understand is the more companies you get rates for, the better likelihood of getting low cost car insurance. Consumers could even find that the lowest prices are with a small mutual company.

As you quote car insurance, it’s not a good idea to buy less coverage just to save a little money. In many instances, an insured dropped liability limits or collision coverage only to regret at claim time they didn’t have enough coverage. Your goal is to get the best coverage possible at the best cost and still be able to protect your assets.

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