Compare 2001 BMW 7 Series Insurance Quotes

There isn’t a single person who anticipates paying for car insurance, especially when they know the prices are way too high. With vehicle owners having so many different company options, it’s difficult to pick the best company.

It’s important to price shop coverage yearly because car insurance prices change quite often. Despite the fact that you may have had the lowest rate for 7 Series coverage a year ago there is a good chance you can find better premium rates now. You’ll find quite a bit of inaccurate information about car insurance online but we’re going to give you some great ideas on how to quit paying high car insurance rates.

The best way to compare policy rates is to take advantage of the fact most larger insurance companies participate in online systems to provide you with a free rate quote. The only thing you need to do is give them rating details including which vehicles you own, whether you have decent credit, whether you drive to work or school, and if it has an anti-theft system. That information is instantly submitted to all major companies and they respond with quotes almost instantly.

If you wish to get multiple quotes for your 2001 BMW 7 Series now, click here and enter your coverage details.

Auto Insurance Discounts

Some providers do not list the complete list of policy discounts very clearly, so we took the time to find a few of the more common and also the lesser-known discounts that may be available.

  • Driver Training Discounts – Participating in a course teaching driver safety skills is a good idea and can lower rates if your company offers it.
  • Good Grades Discount – Getting good grades may save as much as 25% on a car insurance quote. Earning this discount can benefit you well after school through age 25.
  • No Claims – Insureds with no claims or accidents have much lower rates when compared with drivers with a long claim history.
  • Multi-car Discount – Buying coverage for several vehicles with the same auto insurance company can get a discount for every vehicle.
  • Organization Discounts – Affiliation with qualifying clubs or civic groups could trigger savings when getting a car insurance quote.
  • Life Insurance Discount – Not every insurance company offers life insurance, but if they do you may earn a break if you buy auto and life insurance together.
  • Air Bags and Passive Restraints – Vehicles equipped with air bags or motorized seat belts may earn rate discounts up to 30%.
  • Telematics Data Discounts – Policyholders that allow their company to look at driving habits through the use of a telematics system such as Progressive’s Snapshot and State Farm’s In-Drive could possibly reduce rates if they show good driving skills.
  • Theft Deterent Discount – Cars and trucks that have factory anti-theft systems help deter theft and will qualify for a discount on a car insurance quote.
  • Military Discounts – Being on active deployment in the military could be rewarded with lower premium rates.

Please keep in mind that most credits do not apply to the entire cost. Most only apply to specific coverage prices like collision or personal injury protection. So when the math indicates it’s possible to get free car insurance, auto insurance companies aren’t that generous.

A few companies that may offer quotes with most of these discounts include:

When getting free car insurance quotes, it’s a good idea to each insurance company which discounts can lower your rates. Some of the earlier mentioned discounts may not apply in your area. To see a list of providers with the best discounts, click here to view.

Learn how to get insurance coverage for less

An important part of buying insurance is that you know a few of the rating criteria that help calculate the level of your policy premiums. If you have some idea of what determines base rates, this helps enable you to make changes that could help you find lower premium levels. Lots of factors are taken into consideration when quoting car insurance. A few of the factors are predictable such as your driving record, although others are less apparent like your vehicle usage or your financial responsibility.

Listed below are some of the major factors used by your company to calculate your premiums.

  • Save money with higher coverage deductibles – Deductibles for physical damage define how much you are willing to pay if the claim is covered. Insurance for physical damage, also called comprehensive and collision insurance, protects your car from damage. Some coverage claims are a windshield broken by a bird, fire damage, or theft of your vehicle. The more you pay before a claim is paid (deductible), the lower your rates will be for 7 Series coverage.
  • How old are your drivers? – Mature drivers are shown to be more cautious, are lower risk to insure , and are generally more financially stable.Youthful drivers tend to get distracted easily when behind the wheel and because of this, their insurance coverage rates are much higher.
  • Alarm systems save money – Choosing a vehicle with advanced anti-theft systems can get you a discount on your insurance coverage. Theft deterrent systems such as LoJack tracking devices, vehicle tamper alarm systems or GM’s OnStar system can thwart your vehicle from being stolen.
  • Avoid unnecessary extra policy coverages – There are quite a few extra bells and whistles you can purchase if you aren’t diligent. Things like roadside assistance, death and dismemberment, and extra equipment coverage could be just wasting money. They may seem like a good idea when talking to your agent, but if you don’t need them eliminate them to save money.
  • What’s your car’s safety rating? – Cars with high safety ratings can get you lower premiums. These vehicles protect occupants better and lower injury rates means your insurance company pays less and cheaper rates on your policy. If your BMW earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it may cost less to insure.
  • Long commutes cost more – The more you drive annually the higher your rate. Most insurance companies rate vehicles based upon how you use the vehicle. Autos not used for work or commuting qualify for better rates as compared to vehicles used primarily for driving to work. Ask your agent if your insurance coverage policy is rated on the correct usage for each vehicle, because it can save money. An improperly rated 7 Series can cost quite a bit.
  • Uninterrupted coverage saves money – Letting your insurance expire is a quick way to increase your rates. In addition to paying higher premiums, failure to provide proof of insurance may result in a revoked license or a big fine. You may then have to file a SR-22 with your state motor vehicle department to get your license reinstated.

Tailor your insurance coverage coverage to you

When buying the right insurance coverage, there really is not a “best” method to buy coverage. Each situation is unique and your policy should reflect that. Here are some questions about coverages that could help you determine whether or not you would benefit from an agent’s advice.

  • Can I drive in Mexico and have coverage?
  • How can I force my company to pay a claim?
  • What if I total my 2001 BMW 7 Series and owe more than it’s worth?
  • Do I pay less for low miles?
  • Is pleasure use cheaper than using my 2001 BMW 7 Series to commute?
  • When does my teenage driver need to be added to my policy?

If you’re not sure about those questions but one or more may apply to you then you might want to talk to an insurance agent. If you don’t have a local agent, simply complete this short form or go to this page to view a list of companies. It’s fast, free and you can get the answers you need.

But the ad said I’d save 15% in 15 minutes!

Consumers can’t get away from all the ads that promise big savings for switching by companies like 21st Century, Allstate and State Farm. All the companies state the claim that you can save if you change your car insurance coverage to their company.

How does every car insurance company give you a lower rate? Just pay attention to how they say it.

All the different companies have underwriting criteria for a prospective insured that will most likely be profitable. An example of a desirable insured might be between 30 and 50, owns a home, and has a high credit rating. A propective insured who fits those characteristics will get low premium rates as well as cut their rates substantially.

Potential insureds who do not match these standards may receive higher premium rates which translates to business going elsewhere. The wording the ads use say “drivers who switch” not “everyone who quotes” will save that much if they switch. That’s the way insurance companies can state the savings.

Because of these techniques, drivers should get a wide range of price quotes. It’s just too difficult to predict the company that will have the lowest rate quotes.

Learn about insurance coverages for a BMW 7 Series

Understanding the coverages of your policy can be of help when determining the right coverages for your vehicles. Insurance terms can be difficult to understand and nobody wants to actually read their policy. These are the usual coverages available from insurance companies.

Medical expense insurance

Med pay and PIP coverage kick in for bills for things like surgery, funeral costs, hospital visits and dental work. The coverages can be used to cover expenses not covered by your health insurance plan or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal injury protection coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Protection from uninsured/underinsured drivers

This gives you protection from other motorists when they do not carry enough liability coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.

Since a lot of drivers only purchase the least amount of liability that is required, it only takes a small accident to exceed their coverage. This is the reason having UM/UIM coverage is very important. Normally these coverages are set the same as your liablity limits.

Auto collision coverage

This pays to fix your vehicle from damage resulting from a collision with another car or object. You first must pay a deductible and then insurance will cover the remainder.

Collision insurance covers claims such as colliding with a tree, scraping a guard rail and crashing into a building. Collision is rather expensive coverage, so consider removing coverage from vehicles that are older. You can also raise the deductible to save money on collision insurance.

Comprehensive (Other than Collision)

This pays for damage from a wide range of events other than collision. A deductible will apply and then insurance will cover the rest of the damage.

Comprehensive coverage pays for claims such as hitting a deer, fire damage, theft, hail damage and falling objects. The highest amount you’ll receive from a claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.

Coverage for liability

This coverage will cover damage that occurs to people or other property. It protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 100/300/100 which stand for $100,000 in coverage for each person’s injuries, a limit of $300,000 in injury protection per accident, and $100,000 of coverage for damaged propery. Some companies may use one limit called combined single limit (CSL) that pays claims from the same limit without having the split limit caps.

Liability coverage pays for claims like pain and suffering, medical expenses, emergency aid and legal defense fees. How much liability should you purchase? That is a personal decision, but you should buy as large an amount as possible.

A penny saved is a penny earned

We just presented a lot of techniques to shop for 2001 BMW 7 Series insurance online. The key thing to remember is the more providers you compare, the better your chances of lowering your premium rates. You may even discover the best price on auto insurance is with the least-expected company. They can often provide lower premium rates in certain areas as compared to the big name companies such as State Farm or Progressive.

As you restructure your insurance plan, don’t be tempted to skimp on coverage in order to save money. There have been many situations where an insured dropped comprehensive coverage or liability limits and discovered at claim time that a couple dollars of savings turned into a financial nightmare. The goal is to buy a smart amount of coverage at the best price, not the least amount of coverage.

Additional detailed information can be found at these sites: