Compare 1995 BMW 7 Series Car Insurance Quotes

Looking for lower insurance rates for your BMW 7 Series? Did you fall for a flashy sales pitch and buy high-priced insurance? Believe me, there are many consumers feeling the pinch from expensive insurance. Because there are so many insurance providers from which to choose, it’s difficult to locate the cheapest provider.

Low Cost Auto Insurance

Most major insurance companies such as GEICO, State Farm and Progressive provide price estimates on their websites. Obtaining pricing doesn’t take a lot of time as you simply type in the coverages you want as detailed in the form. After you submit the form their rating system makes automated requests for your credit score and driving record and returns pricing information determined by many factors. Online quotes simplifies rate comparisons, but having to visit many different websites and type in the same information is repetitive and time-consuming. But it’s absolutely necessary to compare as many rates as possible if you are searching for better auto insurance pricing.

Isn’t there an easier way to compare rates?

A less time-consuming method to find better auto insurance pricing requires only one form that analyzes rates from several companies at one time. This type of form saves time, eliminates repetitive work, and makes online shopping much simpler. As soon as you send your information, it is rated and you can select your choice of the quotes that you receive.

If a lower price is quoted, you simply finish the application and purchase coverage. It takes less than 15 minutes and could lower your rates considerably.

If you want to compare rates using this form now, click here to open in a new tab and begin entering your coverage information. If you have your current policy handy, we recommend you copy the coverages exactly as they are listed on your policy. This ensures you will get comparison quotes for similar coverage.

Don’t miss out on these money-saving discounts

The cost of insuring your cars can be expensive, but discounts can save money and there are some available to help offset the cost. A few discounts will automatically apply when you get a quote, but some may not be applied and must be asked for before you will receive the discount. If you aren’t receiving every discount you qualify for, you’re just leaving money on the table.

  • Drivers Ed for Students – Cut your cost by having your teen driver complete a driver education course if offered at their school.
  • Accident Forgiveness – Some insurance companies will forgive one accident before hitting you with a surcharge so long as you haven’t had any claims for a set time period.
  • Safety Course Discount – Taking a driver safety course could cut 5% off your bill and easily recoup the cost of the course.
  • Air Bag Discount – Vehicles with factory air bags or automatic seat belts can qualify for discounts up to 30%.
  • Military Discounts – Being deployed with a military unit may qualify for rate reductions.
  • Homeowners Pay Less – Owning a home may earn you a small savings due to the fact that maintaining a home shows financial diligence.

As a disclaimer on discounts, most of the big mark downs will not be given to the entire cost. Most only cut individual premiums such as collision or personal injury protection. So even though they make it sound like it’s possible to get free car insurance, auto insurance companies aren’t that generous. But any discount will reduce the amount you have to pay.

Insurance companies that possibly offer these benefits may include but are not limited to:

It’s a good idea to ask each company which discounts you may be entitled to. All car insurance discounts might not apply in your state.

Factors determining your BMW 7 Series insurance premium

An important part of buying insurance is that you know the rating factors that help determine the price you pay for car insurance. Having a good understanding of what influences your rates allows you to make educated decisions that can help you get better car insurance rates.

  • Never let your coverage lapse – Allowing your coverage to lapse is a guaranteed way to bump up your car insurance costs. Not only will rates go up, failure to provide proof of insurance may earn you a steep fine or even jail time.You may need to file a SR-22 with your state motor vehicle department to get your license reinstated.
  • Drive a safer car and pay less – Vehicles with high crash test scores tend to have better insurance rates. These vehicles have better occupant injury protection and lower injury rates means lower claim amounts and lower rates for you. If your BMW scored better than four stars on Safercar.gov it is probably cheaper to insure.
  • Men fork out a little more – Statistics have proven women tend to be less risk to insure than men. Now that doesn’t mean men are worse drivers. Women and men are in accidents in similar percentages, but the male of the species tend to have more serious accidents. Men also tend to get cited for more serious violations like reckless driving and DUI.
  • Lower rates with optional equipment – Owning a car that has an advanced theft prevention system can save you a little every year. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can help prevent your vehicle from being stolen.
  • More people means more accidents – Living in a small town has it’s advantages when it comes to car insurance. Fewer drivers means a lower chance of having an accident. Urban drivers have to deal with congested traffic and a longer drive to work. More time on the road translates into higher accident risk.
  • Rates may be lower depending on your job – Did you know your job can affect your rates? Occupations such as lawyers, architects and dentists are shown to have the highest average rates attributed to stressful work requirements and lengthy work days. Other professions such as actors, historians and homemakers pay the least for 7 Series coverage.
  • Mature drivers pay less – Mature drivers are more responsible, tend to cause fewer accidents and receive fewer citations. Teen drivers tend to be more careless in a vehicle and because of this, their car insurance rates are much higher.

Do I need special coverages?

When it comes to buying the right insurance coverage for your personal vehicles, there is no cookie cutter policy. Everyone’s needs are different so your insurance needs to address that. For example, these questions could help you determine if your insurance needs might need professional guidance.

  • Am I covered by my spouse’s policy after a separation?
  • Is borrowed equipment or tools covered if stolen or damaged?
  • Will I be non-renewed for getting a DUI or other conviction?
  • Why do I only qualify for high-risk insurance?
  • I have good health insurance, so how much medical payments coverage do I need?
  • How can I get my company to pay me more for my totalled car?

If it’s difficult to answer those questions but one or more may apply to you then you might want to talk to a licensed insurance agent. To find an agent in your area, complete this form or you can go here for a list of companies in your area. It’s fast, doesn’t cost anything and you can get the answers you need.

Do you really save 40% when you switch?

Consumers can’t ignore all the ads for the lowest price auto insurance from companies such as GEICO, State Farm and Progressive. They all have a common claim that you’ll save big if you move your policy.

But how can every company claim to save you money? It’s all in the numbers.

All companies can use profiling for the driver they prefer to insure. For instance, a desirable insured might be profiled as over the age of 40, owns a home, and drives less than 7,500 miles a year. Any new insured who matches those parameters will get the preferred rates and as a result will probably save a lot of money.

Potential customers who fall outside the requirements will be charged higher prices which leads to the driver buying from a lower-cost company. Company advertisements say “drivers who switch” not “people who quote” save money. This is how insurance companies can make those claims.

That is why you absolutely need to compare many company’s rates. Because you never know which company will provide you with the cheapest BMW 7 Series insurance rates.

Auto insurance coverages

Knowing the specifics of your insurance policy can be of help when determining which coverages you need and the correct deductibles and limits. The terms used in a policy can be confusing and even agents have difficulty translating policy wording. Below you’ll find typical coverages found on the average insurance policy.

Coverage for medical expenses

Medical payments and Personal Injury Protection insurance reimburse you for bills like dental work, doctor visits and EMT expenses. They are utilized in addition to your health insurance policy or if you do not have health coverage. They cover all vehicle occupants and also covers any family member struck as a pedestrian. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage

Collision coverage

This coverage will pay to fix damage to your 7 Series from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision insurance covers things like sustaining damage from a pot hole, colliding with another moving vehicle, rolling your car and damaging your car on a curb. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. You can also bump up the deductible to bring the cost down.

Liability coverages

Liability insurance provides protection from damages or injuries you inflict on other people or property by causing an accident. It protects you against other people’s claims, and doesn’t cover damage to your own property or vehicle.

Split limit liability has three limits of coverage: bodily injury per person, bodily injury per accident and property damage. As an example, you may have limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and property damage coverage for $25,000. Alternatively, you may have a combined single limit or CSL which limits claims to one amount and claims can be made without the split limit restrictions.

Liability coverage protects against things such as loss of income, repair bills for other people’s vehicles, bail bonds, structural damage and medical expenses. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive insurance

This coverage will pay to fix damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers claims like rock chips in glass, theft and hail damage. The most you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle’s value is low consider removing comprehensive coverage.

Coverage for uninsured or underinsured drivers

Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they do not carry enough liability coverage. It can pay for medical payments for you and your occupants as well as damage to your BMW 7 Series.

Because many people only carry the minimum required liability limits, it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked. Usually the UM/UIM limits are set the same as your liablity limits.

Buy Smart and Save

Cheap 1995 BMW 7 Series insurance is available both online as well as from independent agents, so you should be comparing quotes from both in order to have the best chance of saving money. A few companies don’t offer online price quotes and most of the time these small, regional companies sell through independent agents.

As you shop your coverage around, make sure you don’t buy less coverage just to save a little money. There have been many cases where an insured dropped full coverage only to find out that saving that couple of dollars actually costed them tens of thousands. Your strategy should be to purchase a proper amount of coverage for the lowest price while still protecting your assets.

Additional car insurance information is available below: