2010 BMW 7 Series Insurance Quotes

Finding more affordable car insurance can seem to be quite difficult for beginners to online comparison shopping. Drivers have so many different companies and agents to choose from that it can turn into a challenge to find the lowest price.

Pay discount rates with these discounts

Some providers don’t list all disounts in a way that’s easy to find, so the list below gives a summary of both the well known as well as the least known ways to save on insurance. If you check and find you aren’t receiving every discount you deserve, you are throwing money away.

• Driver’s Education for Students – Reduce the cost of insurance for teen drivers by having them enroll in driver’s education in high school.
• Accident Free – Claim-free drivers can earn big discounts as compared to insureds who have frequent claims or accidents.
• Payment Method – If paying your policy premium upfront rather than paying in monthly installments you may have a lower total premium amount.
• Federal Government Employee – Active or former government employment could provide a small rate reduction on 7 Series coverage with a few insurance companies.
• Discounts for Multiple Vehicles – Buying insurance for multiple cars on the same insurance policy may reduce the rate for each vehicle.
• Good Grades Discount – Maintaining excellent grades can get you a discount of up to 25%. You can use this discount normally until age 25.
• ABS Braking Discount – Anti-lock brake equipped vehicles can avoid accidents so companies give up to a 10% discount.
• Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to buckle up may be able to save a few bucks on the medical payments or PIP coverage costs.
• Discount for Multiple Policies – If you combine your auto and homeowners policies and insure them both with the same insurance company you may save up to 20% and get you cheap insurance coverage.
• Theft Deterent – Vehicles that have factory alarm systems and tracking devices help deter theft and will save you 10% or more.

As a sidenote, some of the credits will not apply to all coverage premiums. A few only apply to specific coverage prices like liability, collision or medical payments. Despite the fact that it seems like all the discounts add up to a free policy, it doesn’t quite work that way.

To see a list of insurance companies that provide some of the discounts listed above, click here.

Where can I get cheap insurance?

There are several ways to compare insurance quotes, but some are more efficient than others. You could waste a few hours driving to insurance companies in your area, or you could save time and use the internet to get prices fast.

Most car insurance companies are enrolled in a marketplace that enables customers to submit their information once, and every company then returns a price quote determined by their information. This eliminates the need for form submissions for every insurance company. To find out how much you can save on insurance click here to open in new window.

The one downside to getting quotes like this is that consumers can’t choose which insurance companies to get pricing from. So if you prefer to pick from a list of companies to compare rates, we have a page of the cheapest insurance companies in your area. View list of insurance companies.

You can use whichever method you prefer to find lower rates, just do your best to enter equivalent coverage limits and deductibles for each price quote. If each company quotes unequal deductibles or liability limits it will be very difficult to determine which company has the best rates. Quoting even small variations in insurance coverages may result in a large different in cost. Keep in mind that more quotes will increase your chances of finding the best offered rates.

Your situation helps dictate your coverage

When choosing the right insurance coverage, there is no perfect coverage plan. Every insured’s situation is different.

Here are some questions about coverages that can aid in determining whether your personal situation would benefit from an agent’s advice.

• Am I covered if I drive in a foreign country?
• Do I have coverage for damage caused while driving under the influence?
• Is my state a no-fault state?
• Can my babysitter drive my car?
• What is high-risk coverage and where do I buy it?
• Is my business laptop covered if it gets stolen from my vehicle?
• Does my 2010 BMW 7 Series qualify for pleasure use?
• Is my ex-spouse still covered by my policy?
• Will my vehicle be repaired with OEM or aftermarket parts?

If you don’t know the answers to these questions but one or more may apply to you, you might consider talking to a licensed insurance agent. To find lower rates from a local agent, take a second and complete this form.

Specifics of your insurance policy

Having a good grasp of insurance helps when choosing the best coverages at the best deductibles and correct limits. Insurance terms can be difficult to understand and reading a policy is terribly boring.

Liability auto insurance

This can cover injuries or damage you cause to people or other property by causing an accident. This insurance protects YOU against other people’s claims, and does not provide coverage for your injuries or vehicle damage.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show liability limits of 100/300/100 that means you have a $100,000 limit per person for injuries, a per accident bodily injury limit of $300,000, and $100,000 of coverage for damaged propery.

Liability coverage pays for things like repair bills for other people’s vehicles, court costs, loss of income, medical services and pain and suffering. How much liability coverage do you need? That is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage pay for short-term medical expenses for things like dental work, pain medications and chiropractic care. They are used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. They cover all vehicle occupants in addition to any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Comprehensive insurance

Comprehensive insurance coverage pays for damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive insurance covers claims like hitting a bird, fire damage and a broken windshield. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider dropping full coverage.

Collision coverage

Collision coverage pays for damage to your 7 Series from colliding 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 things such as hitting a mailbox, crashing into a ditch and damaging your car on a curb. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from older vehicles. Drivers also have the option to bump up the deductible in order to get cheaper collision rates.

Coverage for uninsured or underinsured drivers

This protects you and your vehicle’s occupants from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for medical payments for you and your occupants as well as your vehicle’s damage.

Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.

Affordable insurance is out there

Cheaper 2010 BMW 7 Series insurance is possible both online and also from your neighborhood agents, so you need to shop insurance coverage with both to have the best rate selection. Some insurance companies do not provide online quoting and these small insurance companies only sell through local independent agencies.

We just showed you a lot of tips how to get a better price on 2010 BMW 7 Series insurance. The key thing to remember is the more price quotes you have, the more likely it is that you will get a better rate. Consumers may even find the best premium rates are with a small mutual company.

Insureds switch companies for a number of reasons such as not issuing a premium refund, being labeled a high risk driver, high prices or even high rates after DUI convictions. It doesn’t matter what your reason, finding a new company is not as hard as you think.

More information

• Young Drivers: The High Risk Years Video (iihs.org)
• Red Light Cameras (State Farm)
• Get the Right Protection (InsureUonline.org)
• Can I Drive Legally without Insurance? (Insurance Information Insitute)
• Collision Coverage (Liberty Mutual)