View 2014 BMW 7 Series Insurance Quotes

Have you finally had enough of trying to scrape together enough money to pay high auto insurance rates every month? You are in the same boat as many other people. People have many insurers to buy insurance from, and although it’s nice to have multiple companies, it can be more challenging to find the lowest rates.

Buying car insurance is easy if you know what you’re doing. If you have insurance now or need a new policy, you can use this information to get lower rates and still get good coverage. Drivers just need to understand the most effective way to find the lowest price online.

First Step: Get free insurance quotes

Finding cheap insurance rates is pretty simple and can save money. Drivers just need to invest a little time comparing price quotes to find the company with affordable car insurance quotes. Price comparisons can be done in several different ways.

  1. The easiest and least time consuming way to compare a lot of rates at once would be an industry-wide quote request form (click to open form in new window). This easy form keeps you from doing repetitive form entry for each company. One form will return quotes from insurance companies with the best prices.
  2. A more difficult way to analyze rates requires a trip to each company website and complete a new quote form. For instance, let’s assume you want to compare rates from Auto-Owners, Farmers and Allstate. You would have to spend time going to each site individually and repeatedly enter your information, which can get rather old.

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

It’s up to you which method you use, but compare identical coverage information with each company. If each company quotes different values for each quote it’s impossible to make a fair rate comparison.

Cheaper insurance rates with discounts

Some insurers don’t list every possible discount very clearly, so below is a list some of the best known as well as some of the hidden credits available to lower your premiums when you buy car insurance online.

  • Multi-car Discount – Having multiple cars on the same insurance policy qualifies for this discount.
  • No Charge for an Accident – Not a discount per se, but some companies like Progressive and Allstate allow you one accident before they charge you more for coverage if you have no claims for a particular time prior to the accident.
  • Include Life Insurance and Save – Not all companies offer life insurance, but some may give you a break if you buy some life insurance too.
  • Senior Citizens – Mature drivers can get reduced rates for 7 Series coverage.
  • Low Mileage Discounts – Driving fewer miles can qualify you for discounted premium rates on garaged vehicles.

Don’t be shocked that most of the big mark downs will not be given the the whole policy. Most only cut the cost of specific coverages such as physical damage coverage or medical payments. Even though it may seem like adding up those discounts means a free policy, insurance companies wouldn’t stay in business.

Companies and a partial list of their discounts are outlined below.

  • State Farm offers premium reductions for safe vehicle, accident-free, defensive driving training, Drive Safe & Save, good driver, Steer Clear safe driver discount, and anti-theft.
  • GEICO offers discounts for driver training, daytime running lights, seat belt use, multi-policy, anti-theft, and multi-vehicle.
  • Allstate may have discounts that include early signing, resident student, anti-lock brakes, senior citizen, passive restraint, and new car.
  • SAFECO policyholders can earn discounts including anti-theft, teen safety rewards, teen safe driver, multi-car, bundle discounts, safe driver, and accident prevention training.
  • Farm Bureau includes discounts for safe driver, youthful driver, multi-policy, good student, renewal discount, and multi-vehicle.
  • Progressive may offer discounts for multi-policy, online signing, homeowner, multi-vehicle, and online quote discount.
  • AAA has discounts for good student, good driver, pay-in-full, multi-car, and multi-policy.

When quoting, ask each company or agent which discounts you qualify for. Some of the earlier mentioned discounts may not be offered in your area. To find providers that offer discounts, click this link.

How you can control BMW 7 Series insurance prices

Smart consumers have a good feel for some of the things that help determine your insurance rates. When consumers understand what determines base rates, this enables you to make decisions that may result in lower rates.

The factors shown below are a partial list of the pieces that factor into rates.

  • Single drivers may pay more – Having a wife or husband may cut your premiums on insurance. Having a significant other generally demonstrates drivers are more mature and responsible it has been statistically shown that being married results in fewer claims.
  • Raise your deductibles for better costs – Insurance for physical damage, also known as collision and other-than-collision, covers damage that occurs to your BMW. Examples of covered claims are a dented fender, damage from fire, and damage from a fallen tree branch. Physical damage deductibles define the amount you are willing to pay if a covered claim is submitted. The more damage repair cost the insured is willing to pay, the lower your rates will be for 7 Series coverage.
  • Discounts for auto and home policies – Some insurance companies give discounts to insureds that purchase more than one policy. It’s known as a multi-policy discount. If you currently are using one company, consumers should still shop around to guarantee you are still saving the most. You may still find lower rates by splitting coverages up.
  • Drive less and get lower premiums – Driving a lot of miles every year the higher the price you pay to insure it. Most companies calculate rates based upon how the vehicle is primarily used. Vehicles that do not get driven very much get more affordable rates than cars that get driven a lot. Having an incorrect usage rating on your 7 Series can result in significantly higher rates. It’s a smart idea to ensure your declarations sheet properly reflects the proper vehicle usage.

Tailor your insurance coverage to you

When it comes to choosing adequate coverage for your vehicles, there really is not a perfect coverage plan. Coverage needs to be tailored to your specific needs so your insurance needs to address that. These are some specific questions might help in determining whether or not you would benefit from an agent’s advice.

  • Am I covered by my spouse’s policy after a separation?
  • Am I covered if I drive in a foreign country?
  • Is upholstery damage covered by car insurance?
  • Should I file a claim if it’s only slightly more than my deductible?
  • What is the ISO rating for a 2014 BMW 7 Series?
  • What is UM/UIM insurance?
  • What is covered by UM/UIM coverage?
  • Can I get a multi-policy discount?
  • Will my vehicle be repaired with OEM or aftermarket parts?
  • Who is covered when they drive my 2014 BMW 7 Series?

If it’s difficult to answer those questions, you may need to chat with a licensed agent. If you want to speak to an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It is quick, free and can help protect your family.

Information about specific coverages

Knowing the specifics of your auto insurance policy can be of help when determining appropriate coverage for your vehicles. The coverage terms in a policy can be impossible to understand and coverage can change by endorsement. These are typical coverages found on the average auto insurance policy.

Coverage for collisions

Collision coverage will pay to fix damage to your 7 Series resulting from colliding with an object or car. You have to pay a deductible then your collision coverage will kick in.

Collision insurance covers claims like rolling your car, sustaining damage from a pot hole, driving through your garage door, scraping a guard rail and crashing into a building. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to bump up the deductible to get cheaper collision coverage.

Medical expense insurance

Medical payments and Personal Injury Protection insurance pay for expenses like doctor visits, dental work, chiropractic care and rehabilitation expenses. The coverages can be used in conjunction with a health insurance program or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and will also cover getting struck while a pedestrian. PIP is not available in all states but can be used in place of medical payments coverage

Liability insurance

This can cover injuries or damage you cause to a person or their property. It protects YOU from claims by other people, and doesn’t cover damage to your own property or vehicle.

Liability coverage has three limits: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have liability limits of 100/300/100 that means you have $100,000 bodily injury coverage, a total of $300,000 of bodily injury coverage per accident, and a total limit of $100,000 for damage to vehicles and property.

Liability coverage protects against things like medical services, bail bonds, funeral expenses, medical expenses and repair costs for stationary objects. How much liability should you purchase? That is your choice, but it’s cheap coverage so purchase higher limits if possible.

Protection from uninsured/underinsured drivers

This protects you and your vehicle when the “other guys” either are underinsured or have no liability coverage at all. Covered claims include hospital bills for your injuries as well as damage to your BMW 7 Series.

Since many drivers carry very low liability coverage limits, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important.

Comprehensive (Other than Collision)

This will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then your comprehensive coverage will pay.

Comprehensive coverage pays for things like a tree branch falling on your vehicle, falling objects, hail damage and damage from a tornado or hurricane. The most you can receive from a comprehensive claim is the actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

Buy online or local, you save

In this article, we covered many ideas to save on 2014 BMW 7 Series insurance. The most important thing to understand is the more quotes you get, the better chance you’ll have of finding low cost car insurance. You may even find the biggest savings come from the smaller companies. Smaller companies may cover specific market segments cheaper than the large multi-state companies such as State Farm and Allstate.

When buying insurance coverage, it’s a bad idea to skimp on critical coverages to save a buck or two. There are too many instances where an accident victim reduced liability limits or collision coverage only to find out they didn’t have enough coverage. The aim is to buy enough coverage at a price you can afford.

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