Cheap 1997 BMW 7 Series Car Insurance Quotes

Looking for better car insurance rates for your BMW 7 Series? Pricey BMW 7 Series insurance can draw down your accounts and put a big crunch on your finances. Getting a rate comparison can be a smart way to tighten up your finances.

Many insurers compete to insure your vehicles, so it can be very hard to choose a provider to get the lowest rate

It’s a great practice to price shop coverage periodically since insurance prices are constantly changing. Even if you think you had the best price for 7 Series insurance a few years ago there may be better deals available now. Forget all the misinformation about car insurance because you’re about to learn the fastest and easiest way to find better rates and still maintain coverage.

If you currently have a car insurance policy, you will most likely be able to reduce your rates substantially using this information. Buying car insurance is not that difficult. Although consumers need to have an understanding of how the larger insurance companies sell insurance online.

Discounts can really help save money

Not many people think insurance is cheap, but there may be some discounts that can dramatically reduce your bill. A few discounts will automatically apply when you purchase, but some need to be requested specifically prior to receiving the credit.

  • Telematics Devices – Drivers who agree to allow driving data collection to study when and where they use their vehicle by using a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive might see lower rates if they are good drivers.
  • Government Employee Discount – Simply working for the federal government can save as much as 8% for 7 Series insurance with some insurance coverage companies.
  • Memberships – Being in certain professional organizations may earn a discount on your policy.
  • Accident Forgiveness – This isn’t a discount exactly, but certain companies will forgive one accident before raising your premiums if you are claim-free before the accident.
  • College Student – Older children who are enrolled in higher education away from home and do not have a car could get you a discount.
  • Discount for Multiple Policies – If you combine your auto and homeowners policies and place coverage with the same company you could earn a discount of over 10 percent off each policy depending on the company.
  • No Accidents – Drivers who don’t have accidents pay much less as opposed to frequent claim filers.

Don’t be shocked that most discounts do not apply to the entire cost. Most only cut the cost of specific coverages such as liability, collision or medical payments. So when the math indicates you can get free auto insurance, you aren’t that lucky.

The best insurance coverage companies and a selection of discounts are shown below.

  • 21st Century discounts include early bird, automatic seat belts, anti-lock brakes, theft prevention, and good student.
  • State Farm offers discounts for good student, safe vehicle, driver’s education, anti-theft, multiple autos, and passive restraint.
  • AAA offers premium reductions for multi-car, pay-in-full, multi-policy, good driver, AAA membership discount, and good student.
  • Liberty Mutual may include discounts for hybrid vehicle, new move discount, preferred payment discount, newly married, and new vehicle discount.
  • Progressive includes discounts for good student, online quote discount, homeowner, multi-policy, online signing, and multi-vehicle.

Check with each company to apply every possible discount. Some credits may not be offered in every state. For a list of companies with the best insurance coverage discounts, click here to view.

Find lower-cost car insurance with these tips

Lots of things are part of the calculation when quoting car insurance. Some of the criteria are obvious such as your driving record, but other criteria are more obscure such as your credit history or your financial responsibility.

The list below includes some of the major factors used by companies to determine premiums.

  • Add-on coverages you don’t need – There are quite a few extra coverages you can purchase if you don’t pay attention. Insurance for personal injury protection, better glass coverage, and Farm Bureau memberships are probably not needed. They may seem like a good idea when buying your policy, but your money might be better spent on other coverage so get rid of them and save.
  • Vocation can influence premiums – Do you have a high-stress occupation? Careers such as doctorsairline pilots and miners are shown to have higher premium rates attributed to high stress and lengthy work days. On the flip side, careers like professors, engineers and homemakers get better rates for 7 Series insurance.
  • You might pay higher costs if you are single – Having a wife or husband can actually save you money on your car insurance policy. Marriage means you’re more mature and responsible and it’s statistically proven that married couples file fewer claims.
  • Your car’s features help determine premiums – Choosing a vehicle with anti-theft technology or alarm system can earn a premium discount. Theft prevention devices such as GM’s OnStar, tamper alarm systems and vehicle immobilizers can thwart auto theft.
  • Too many car insurance claims and you’ll pay more – Insurance companies give lower rates to insureds who only file infrequent claims. If you file a lot of claims you can definitely plan on higher rates. Your insurance policy is intended for claims that pose a financial burden.
  • Prices are affected by your address – Choosing to live in less populated areas of the country is a good thing when shopping for auto insurance. Drivers who live in large cities have more road rage incidents and higher rates of accident claims. Fewer drivers means less chance of accidents in addition to lower liability claims
  • Multiple policies with one company can save – Lots of car insurance companies give lower prices to people that have more than one policy, otherwise known as a multi-policy discount. The discount can add up to anywhere from five to ten percent in most cases. Even with this discount applied, it’s still a good idea to compare rates to guarantee you are still saving the most.
  • Never let your car insurance policy lapse – Allowing your car insurance policy to lapse can be a quick way to increase your car insurance rates. In addition to paying higher rates, the inability to provide proof of insurance might get you a steep fine or even jail time. You may then be required to prove you have insurance by filing a SR-22 with your state motor vehicle department to get your license reinstated.

Will just any policy work for me?

When choosing the best insurance coverage coverage for your vehicles, there isn’t really a cookie cutter policy. Every situation is different so this has to be addressed. These are some specific questions can help discover whether your personal situation could use an agent’s help.

  • Who is covered by my policy?
  • What discounts do I qualify for?
  • When should my teen driver be added to my policy?
  • Should I rate my 1997 BMW 7 Series as pleasure use or commute?
  • I have health insurance so do I need medical payments coverage?
  • Where can I get insurance after a DUI in my state?
  • Does coverage extend to my business vehicle?
  • How do I file an SR-22 for a DUI in my state?

If you can’t answer these questions but you think they might apply to your situation then you might want to talk to an agent. To find lower rates from a local agent, fill out this quick form or click here for a list of insurance coverage companies in your area.

Misconceptions in car insurance advertisements

Car insurance providers like Geico, State Farm and Progressive constantly bombard you with television, radio, and online ads. They all seem to advertise the message about saving some big amount just by switching your car insurance policy to them. How is it plausible that every one can sell you cheaper insurance coverage? It’s all in the words they use.

Insurance providers have specific criteria for the type of driver that will add to their bottom line. A good example of this type of insured could possibly be between the ages of 30 and 50, insures multiple vehicles, and has a short commute. Any customer that hits that “sweet spot” may get the lowest premium rates and as a result will probably save some money.

Consumers who fall outside this ideal profile may be forced to pay higher prices which results in the customer buying from someone else. The ad wording is “customers who switch” not “everyone that quotes” can get the lowest rates when switching. That’s the way companies can truthfully make claims like that.

This really illustrates why it is so important to quote coverage with many companies. It’s impossible to know which company will give you the biggest savings.

Specific coverage details

Understanding the coverages of your policy can help you determine which coverages you need for your vehicles. Car insurance terms can be difficult to understand and nobody wants to actually read their policy. Below you’ll find typical coverage types offered by car insurance companies.

Liability

Liability insurance provides protection from damages or injuries you inflict on a person or their property in an accident. It protects you against claims from other people. It does not cover your injuries or vehicle damage.

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 values of 25/50/25 that translate to a $25,000 limit per person for injuries, a limit of $50,000 in injury protection per accident, and $25,000 of coverage for damaged propery. Occasionally you may see one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability can pay for claims such as bail bonds, funeral expenses and medical services. The amount of liability coverage you purchase is up to you, but it’s cheap coverage so purchase as much as you can afford.

Uninsured Motorist or Underinsured Motorist insurance

Uninsured or Underinsured Motorist coverage protects you and your vehicle from other motorists when they either have no liability insurance or not enough. Covered claims include medical payments for you and your occupants as well as damage to your 1997 BMW 7 Series.

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. For this reason, having high UM/UIM coverages is important protection for you and your family. Usually these coverages do not exceed the liability coverage limits.

Collision coverage protection

This coverage pays for damage to your 7 Series from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company.

Collision coverage pays for claims such as hitting a mailbox, damaging your car on a curb, rolling your car and driving through your garage door. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. It’s also possible to bump up the deductible to save money on collision insurance.

Comprehensive coverage (or Other than Collision)

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

Comprehensive coverage protects against things like damage from getting keyed, hitting a bird, falling objects, a broken windshield and fire damage. The maximum payout your car insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills for chiropractic care, X-ray expenses and doctor visits. They are used in conjunction with a health insurance policy or if there is no health insurance coverage. Medical payments and PIP cover both the driver and occupants and will also cover being hit by a car walking across the street. PIP coverage is not available in all states and may carry a deductible

A penny saved is a penny earned

A few companies may not offer price quotes online and usually these smaller companies sell through independent agents. Lower-priced insurance coverage can be bought online in addition to local insurance agencies, and you should compare rates from both to have the best chance of lowering rates.

As you prepare to switch companies, never buy less coverage just to save a little money. In many cases, an insured cut uninsured motorist or liability limits and discovered at claim time that they should have had better coverage. Your strategy should be to get the best coverage possible at the lowest possible cost, but don’t skip important coverages to save money.

Much more information about insurance coverage is located at these links: