Cheaper 1994 BMW 7 Series Insurance Quotes

Looking for lower auto insurance rates for your BMW 7 Series? Think you have an expensive auto insurance policy? It’s a common feeling and you’re not alone. Drivers have so many insurance companies to purchase coverage from, and though it is a good thing to have a selection, too many choices makes it more difficult to find the best rates.

How much is auto insurance?

Comparing auto insurance rates can be exhausting if you don’t utilize the best way to get rate quotes. You could spend your day talking to local insurance agents in your area, or you could use online quoting to get prices fast.

Most car insurance companies take part in a program where prospective buyers enter their coverage request one time, and each company returns a competitive quote based on that information. This eliminates the need for quote forms to every company.

To find out what other companies charge click here (opens in new window).

The one downside to pricing coverage this way is you don’t know exactly which providers to get quotes from. So if you want to select specific insurance companies to compare prices, we have a page of the cheapest auto insurance companies in your area. Click here to view list.

However you get your quotes, ensure you are comparing identical coverage information for each price quote. If each company quotes higher or lower deductibles you can’t possibly make an equal comparison.

Do I need special coverages?

When it comes to choosing coverage for your personal vehicles, there really is no single plan that fits everyone. Coverage needs to be tailored to your specific needs and a cookie cutter policy won’t apply. For example, these questions could help you determine whether your personal situation might need an agent’s assistance.

  • Does coverage extend to a rental car in a foreign country?
  • How can I find cheaper teen driver insurance?
  • Is my nanny covered when driving my vehicle?
  • Do I need replacement cost coverage?
  • Are there companies who specialize in insuring high-risk drivers?
  • Is business equipment covered while in my vehicle?
  • What if I total my 1994 BMW 7 Series and owe more than it’s worth?
  • When should I remove comp and collision on my 1994 BMW 7 Series?
  • Is my trailer covered?

If you can’t answer these questions but a few of them apply, you may need to chat with a licensed insurance agent. If you want to speak to an agent in your area, fill out this quick form or you can go here for a list of companies in your area. It only takes a few minutes and may give you better protection.

Insurance policy coverages for a 1994 BMW 7 Series

Understanding the coverages of a insurance policy can be of help when determining which coverages you need for your vehicles. The terms used in a policy can be ambiguous and reading a policy is terribly boring. Below you’ll find typical coverage types offered by insurance companies.

Coverage for uninsured or underinsured drivers

Your UM/UIM coverage protects you and your vehicle from other drivers when they are uninsured or don’t have enough coverage. This coverage pays for hospital bills for your injuries as well as damage to your 1994 BMW 7 Series.

Due to the fact that 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 a good idea. Normally the UM/UIM limits do not exceed the liability coverage limits.

Collision protection

Collision coverage pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible and then insurance will cover the remainder.

Collision insurance covers claims like crashing into a ditch, sideswiping another vehicle and crashing into a building. Collision is rather expensive coverage, so you might think about dropping it from vehicles that are older. You can also raise the deductible in order to get cheaper collision rates.

Liability insurance

Liability insurance provides protection from damages or injuries you inflict on other people or property that is your fault. This coverage protects you from claims by other people. Liability doesn’t cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. As an example, you may have liability limits of 50/100/50 that translate to a $50,000 limit per person for injuries, a per accident bodily injury limit of $100,000, and a limit of $50,000 paid for damaged property. Another option is a combined limit which combines the three limits into one amount rather than limiting it on a per person basis.

Liability can pay for things like medical expenses, medical services, emergency aid, repair costs for stationary objects and funeral expenses. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as high a limit as you can afford.

Comprehensive insurance

Comprehensive insurance coverage covers damage OTHER than collision with another vehicle or object. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive can pay for things like hitting a deer, theft and damage from a tornado or hurricane. The maximum payout your insurance company will pay is the ACV or actual cash value, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Coverage for medical expenses

Med pay and PIP coverage kick in for short-term medical expenses for things like funeral costs, dental work, ambulance fees and prosthetic devices. They are often used to cover expenses not covered by your health insurance program or if you do not have health coverage. Coverage applies to all vehicle occupants in addition to being hit by a car walking across the street. Personal injury protection coverage is not available in all states and gives slightly broader coverage than med pay