2009 BMW 7 Series Insurance Quotes

Locating cheaper insurance for a new or used BMW 7 Series can turn out to be a lot of work, but you can learn these tips to find lower rates. There are both good and bad ways to find auto insurance online so you’re going to learn the quickest way to quote coverages for a BMW and locate the lowest possible price either online or from local insurance agents.

Finding the best rates is not that difficult. If you are insured now or are just looking to switch companies, you will benefit by learning to cut your premiums while maximizing coverage. Drivers just need to know the proper way to get comparison quotes over the internet.

Drivers save money with these discounts

Insurance can be prohibitively expensive, but you may qualify for discounts to cut the cost considerably. Most are applied at the time of purchase, but less common discounts must be asked about before being credited.

• Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to use a seat belt can save 10% or more off the medical payments premium.
• Distant Student – Children who are attending college and won’t have access to an insured vehicle may be insured at a cheaper rate.
• Active Military Service – Having a family member in the military could be rewarded with lower rates.
• Membership in Organizations – Joining a civic or occupational organization could earn you a nice discount when getting a auto insurance quote.
• Defensive Driver Discounts – Successfully completing a defensive driver course could cut 5% off your bill and make you a better driver.
• Theft Prevention Discount – Cars optioned with advanced anti-theft systems have a lower chance of being stolen and qualify for as much as a 10% discount.
• Full Payment Discount – By making one initial payment rather than paying monthly you can avoid the installment charge.
• Low Mileage – Low mileage vehicles can qualify you for better premium rates on cars that stay parked.
• Discounts for Federal Employees – Active or retired federal employment can save as much as 8% for 7 Series insurance with certain companies.

Please keep in mind that most of the big mark downs will not be given to the entire policy premium. Some only apply to individual premiums such as liability and collision coverage. So when it seems like adding up those discounts means a free policy, companies wouldn’t make money that way.

A list of companies and some of the discounts include:

• Geico may offer discounts for federal employee, daytime running lights, defensive driver, air bags, and multi-vehicle.
• Travelers offers discounts for student away at school, multi-policy, good student, new car, and multi-car.
• Farm Bureau includes discounts for multi-policy, good student, youthful driver, multi-vehicle, and 55 and retired.
• Liberty Mutual offers premium reductions for preferred payment discount, new move discount, exclusive group savings, new graduate, and multi-policy.
• American Family has discounts for accident-free, Steer into Savings, good driver, air bags, multi-vehicle, defensive driver, and TimeAway discount.
• Progressive offers discounts including homeowner, online signing, multi-vehicle, multi-policy, good student, continuous coverage, and online quote discount.

Before purchasing a policy, check with every company to give you their best rates. Savings might not apply everywhere. To choose providers that offer some of these discounts, follow this link.

Special considerations

When buying coverage for your personal vehicles, there isn’t really a “perfect” insurance plan. Your needs are not the same as everyone else’s.

For example, these questions may help highlight whether your personal situation might need an agent’s assistance.

• Is other people’s property covered if stolen from my vehicle?
• What happens if I owe more than my 2009 BMW 7 Series is worth?
• Is my vehicle covered by my employer’s policy when using it for work?
• I don’t drive much so do I pay less?
• If my pet gets injured in an accident are they covered?
• Will my insurance pay for OEM parts?
• How high should my medical payments coverage be?
• What is PIP insurance?

If you’re not sure about those questions, then you may want to think about talking to an agent. If you don’t have a local agent, complete this form. It only takes a few minutes and may give you better protection.

Specific coverages for a BMW 7 Series

Understanding the coverages of your policy can be of help when determining appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be confusing and nobody wants to actually read their policy.

Coverage for uninsured or underinsured drivers

This coverage protects you and your vehicle’s occupants when other motorists either have no liability insurance or not enough. It can pay for medical payments for you and your occupants and damage to your 2009 BMW 7 Series.

Because many people only purchase the least amount of liability that is required, it doesn’t take a major accident to exceed their coverage limits. For this reason, having high UM/UIM coverages is very important.

Coverage for liability

Liability coverage provides protection from damage or injury you incur to a person or their property. This insurance protects YOU against claims from other people, and doesn’t cover your own vehicle damage or injuries.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. As an example, you may have values of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property.

Liability insurance covers claims such as emergency aid, repair bills for other people’s vehicles and repair costs for stationary objects. How much liability coverage do you need? That is your choice, but you should buy as high a limit as you can afford.

Comprehensive auto insurance

This coverage pays for damage that is not covered by collision coverage. You first have to pay a deductible and then insurance will cover the rest of the damage.

Comprehensive can pay for things like hail damage, a broken windshield and theft. The maximum amount your auto insurance company will pay is the market value of your vehicle, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for collisions

This will pay to fix damage to your 7 Series caused by collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision can pay for claims like backing into a parked car, driving through your garage door, scraping a guard rail and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Drivers also have the option to raise the deductible to bring the cost down.

Coverage for medical expenses

Med pay and PIP coverage reimburse you for expenses for dental work, nursing services, funeral costs, prosthetic devices and ambulance fees. They are used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers both the driver and occupants and will also cover getting struck while a pedestrian. PIP coverage is only offered in select states and gives slightly broader coverage than med pay

Be a penny pincher

Insureds who switch companies do it for a variety of reasons including lack of trust in their agent, denial of a claim, unfair underwriting practices and even high prices. Regardless of your reason for switching companies, switching car insurance companies is actually quite simple.

You just learned many ideas to compare 2009 BMW 7 Series insurance prices online. The key concept to understand is the more rate comparisons you have, the better your chances of lowering your rates. Consumers could even find that the biggest savings come from some of the smallest insurance companies.

When getting auto insurance quotes online, you should never reduce coverage to reduce premium. There have been many situations where an insured cut uninsured motorist or liability limits and learned later that a couple dollars of savings turned into a financial nightmare. Your aim should be to buy the best coverage you can find at the best cost, but do not sacrifice coverage to save money.

Even more information is available in these articles:

• Auto Theft Statistics (Insurance Information Insitute)
• Red Light Cameras (State Farm)
• Child Safety Seats (Insurance Information Insitute)
• Get the Right Protection (InsureUonline.org)
• Eight Auto Insurance Myths (Insurance Information Insitute)