2018 BMW 7 Series Insurance Quotes – 10 Tips for Cheaper Rates

Searching for cheaper insurance coverage rates for your BMW 7 Series? Nobody that owns a car likes paying for insurance coverage, especially knowing they could lower their rates if they shopped around.

Since you have so many insurance coverage companies to choose from, it can be diffult for people to choose a lower cost insurance coverage provider.

Smart consumers take time to quote other rates quite often because prices are constantly changing. Even if you got the best rates for 7 Series coverage on your last policy you will most likely find a better rate quote today. Block out anything you think you know about insurance coverage because you’re about to learn the quickest way to properly buy coverages while reducing your premium.

Cheap auto insurance quotes

There are several ways to compare rate quotes from companies that offer auto insurance in your state. One of the best ways to compare rates is to jump online and get quotes. This can be done in a couple minutes as outlined below.

One of the simplest ways to find the lowest comparison rates is an all-inclusive rate comparison click to view form in new window. This form keeps you from doing boring form submissions to each individual auto insurance company. One simple form will return price quotes from auto insurance companies with the best prices.

A less efficient way to obtain and compare quotes online is going to the website of each company and go through the quote process again. For sake of this example, let’s assume you want to compare Nationwide, Progressive and Travelers. In order to get each rate, you would have to spend time on each company’s site and type in your information over and over, which explains why we recommend starting with the first method. For a list of links to insurance companies in your area, click here.

The least efficient and most time consuming way to quote and compare insurance rates is driving around to different agent offices. Shopping for auto insurance online reduces the need to sit down with an agent unless you’re the type of person who wants the peace of mind that only an agent can give. You can, however, compare the best prices online and have a local agent actually service the policy.

It doesn’t matter which method you choose, just be certain you are entering apples-to-apples coverages for each price quote. If your comparisons have different deductibles it will be impossible to get a fair rate comparison. Even a minor difference in insurance coverages may cause a big price difference. Just remember that having more price comparisons helps increase your odds of locating better pricing. Not every company allows you to get online price quotes, so it’s recommended that you also compare prices on coverage from those companies, too.

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Lower-cost insurance coverage quotes with discounts

Some insurers do not list all their discounts very well, so we took the time to find both well-publicized and the more hidden discounts you could be receiving when you buy car insurance online.

• Discounts for Cautious Drivers – Safe drivers can get discounts for up to 45% lower rates for 7 Series coverage compared to accident prone drivers.
• Low Mileage – Fewer annual miles on your BMW can qualify you for better rates on cars that stay parked.
• Save with a New Car – Buying a new car instead of a used car can save you some money because newer vehicles have to meet stringent safety requirements.
• Theft Deterent – Cars equipped with anti-theft or alarm systems prevent vehicle theft and will save you 10% or more.
• Homeowners Discount – Just owning your own home may earn you a small savings due to the fact that maintaining a home demonstrates responsibility.
• Use Seat Belts – Drivers who always wear seat belts and also require passengers to buckle up before driving could save 15% off PIP or medical payments premium.
• Pay Early and Save – By paying your policy upfront instead of paying each month you can actually save on your bill.
• E-sign Discounts – A few larger companies give back up to $50 simply for signing over the internet.
• Anti-lock Brake Discount – Cars and trucks with anti-lock braking systems have fewer accidents and the ABS can save up to 10%.
• Professional Organizations – Being in a civic or occupational organization can get you a small discount when getting a car insurance quote.

Just know that many deductions do not apply to your bottom line cost. Most only reduce the price of certain insurance coverages like collision or personal injury protection. Just because you may think you would end up receiving a 100% discount, it just doesn’t work that way. But all discounts will help reduce your overall bill.

Popular insurance coverage companies and a selection of discounts can be found below.

• Geico has discounts for five-year accident-free, good student, defensive driver, driver training, multi-vehicle, and daytime running lights.
• USAA offers discounts for safe driver, multi-policy, military installation, annual mileage, vehicle storage, and multi-vehicle.
• Progressive has savings for online quote discount, good student, multi-policy, continuous coverage, multi-vehicle, and homeowner.
• American Family may have discounts that include early bird, Steer into Savings, accident-free, air bags, defensive driver, bundled insurance, and good student.
• Esurance may offer discounts for multi-policy, DriveSense, online shopper, safety device, renters, defensive driver, and online quote.
• Farmers Insurance policyholders can earn discounts including bundle discounts, pay in full, early shopping, business and professional, switch companies, and youthful driver.
• State Farm may include discounts for accident-free, multiple autos, good student, anti-theft, Steer Clear safe driver discount, and multiple policy.

Before you buy a policy, ask each company or agent to apply every possible discount. Some credits may not apply to policyholders in your area. If you would like to view insurance coverage companies that offer the discounts shown above, follow this link.

Tailor your insurance coverage to you

When buying adequate coverage, there really is no “perfect” insurance plan. Everyone’s situation is a little different so your insurance should reflect that For instance, these questions could help you determine if you could use an agent’s help.

• Do I need special endorsements for business use of my vehicle?
• Are my friends covered when driving my 2018 BMW 7 Series?
• How can I get my company to pay me more for my totalled car?
• Am I covered when driving a rental car?
• Am I covered if I drive in a foreign country?
• Does my insurance cover a custom paint job?

If you’re not sure about those questions but one or more may apply to you, you may need to chat with a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form or you can go here for a list of companies in your area.

Coverages available on your car insurance policy

Having a good grasp of your policy aids in choosing which coverages you need at the best deductibles and correct limits. Policy terminology can be ambiguous and reading a policy is terribly boring. Shown next are typical coverages offered by car insurance companies.

Liability car insurance

Liability insurance will cover damages or injuries you inflict on a person or their property that is your fault. Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show values of 50/100/50 which stand for a limit of $50,000 per injured person, a total of $100,000 of bodily injury coverage per accident, and $50,000 of coverage for damaged propery. Occasionally you may see one number which is a combined single limit which combines the three limits into one amount without having the split limit caps.

Liability coverage pays for things such as repair costs for stationary objects, emergency aid, court costs and medical services. How much liability coverage do you need? That is a personal decision, but you should buy as much as you can afford.

Collision coverage

This covers damage to your 7 Series resulting from a collision with another vehicle or an object, but not an animal. You first must pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as crashing into a ditch, colliding with another moving vehicle and backing into a parked car. Collision is rather expensive coverage, so consider removing coverage from lower value vehicles. Drivers also have the option to choose a higher deductible in order to get cheaper collision rates.

Insurance for medical payments

Medical payments and Personal Injury Protection insurance kick in for expenses such as hospital visits, X-ray expenses, EMT expenses and doctor visits. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover all vehicle occupants in addition to getting struck while a pedestrian. PIP is not an option in every state and may carry a deductible

Comprehensive coverage (or Other than Collision)

This coverage will pay to fix damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against claims like damage from getting keyed, hitting a bird, a tree branch falling on your vehicle and falling objects. The most you’ll receive from a claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Uninsured Motorist or Underinsured Motorist insurance

This coverage provides protection when the “other guys” do not carry enough liability coverage. Covered claims include medical payments for you and your occupants and damage to your 2018 BMW 7 Series.

Since many drivers only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is important protection for you and your family. Normally the UM/UIM limits do not exceed the liability coverage limits.

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More effort can pay off

When trying to cut insurance costs, you should never buy poor coverage just to save money. There are a lot of situations where drivers have reduced liability coverage limits and learned later that it was a big error on their part. Your objective should be to purchase plenty of coverage at the best price while not skimping on critical coverages.

Throughout this article, we presented some good ideas how you can compare 2018 BMW 7 Series insurance car insurance rates online. The key thing to remember is the more companies you get premium rates for, the higher your chance of finding cheap car insurance. Drivers may discover the biggest savings come from a company that doesn’t do a lot of advertising. Some small companies may often insure only within specific states and give getter rates than the large multi-state companies such as Allstate and Progressive.

Cheaper 2018 BMW 7 Series insurance is available from both online companies and also from your neighborhood agents, and you need to price shop both to have the best rate selection. There are still a few companies who may not provide rates over the internet and usually these regional carriers sell through independent agents.

To learn more, take a look at the resources below:

• Should I Buy a New or Used Car? (Allstate)
• Teen Driver Licensing Information (iihs.org)
• Collision Insurance Coverage (Nationwide)
• Eight Auto Insurance Myths (Insurance Information Insitute)
• Collision Coverage (Liberty Mutual)
• Can I Drive Legally without Insurance? (Insurance Information Insitute)

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