Compare 1999 BMW 7 Series Insurance Quotes

Finding better insurance prices for a BMW 7 Series can normally be a lot of work, but you can use these tips to save time.

There is a better way to find insurance online and we’ll show you the quickest way to get price quotes for a BMW and get the best price possible from local insurance agents and online providers.

Free Quotes for Insurance Coverage

Cutting your insurance coverage rates is not a difficult process. Drivers just need to take time comparing rates from different insurance companies. This can be accomplished in a couple of different ways.

  1. One of the best ways consumers can analyze rates is to use a rate comparison form (click to open form in new window). This method prevents you from having to do a different quote to each individual insurance coverage company. A single form will return quotes from many national carriers. It’s the fastest way to compare.
  2. A different way to find lower rates consists of visiting each company website and complete a new quote form. For instance, we’ll assume you want rates from Liberty Mutual, Progressive and Allstate. You would have to take the time to go to each site and enter your information, which is why the first method is more popular. For a list of links to insurance companies in your area, click here.
  3. The least efficient way to get comparison rates is to drive around to different agent offices. The internet eliminates the need for an insurance agent unless you prefer the trained guidance that only a license agent can provide. You can, however, price shop your coverage online but buy from a local insurance agent. We’ll cover that shortly.

It’s your choice how you get your quotes, but be sure to compare identical coverage information with every price quote. If you enter different deductibles it’s impossible to find the best deal for your BMW 7 Series.

Save big with these discounts

Car insurance can cost a lot, but you may find discounts that can drop the cost substantially. Most are applied at the time you complete a quote, but a few must be asked for before you get the savings. If they aren’t giving you every credit available, you’re paying more than you need to.

  • Drive Safe and Save – Safe drivers can get discounts for up to 45% lower rates for 7 Series insurance than their less cautious counterparts.
  • No Accidents – Claim-free drivers pay less when compared with bad drivers.
  • Drive Less and Save – Fewer annual miles on your BMW could qualify for discounted rates on garaged vehicles.
  • Early Signing – Select companies give a discount for switching to them prior to your current policy expiring. This can save 10% or more.
  • Senior Citizens – If you’re over the age of 55, you can possibly qualify for reduced rates for 7 Series insurance.
  • Bundle and Save – If you have multiple policies with one company you may save up to 20% off your total premium.

As a disclaimer on discounts, most discounts do not apply to your bottom line cost. Most cut the cost of specific coverages such as medical payments or collision. So even though they make it sound like it’s possible to get free car insurance, companies don’t profit that way. Any amount of discount will cut the amount you have to pay.

Car insurance companies that may have these money-saving discounts include:

Check with all companies you are considering what discounts are available to you. Discounts may not be available in your area.

But I don’t know anything about car insurance

When it comes to buying adequate coverage, there is no “perfect” insurance plan. Everyone’s situation is a little different.

For instance, these questions can aid in determining whether your personal situation might need an agent’s assistance.

  • I have health insurance so do I need medical payments coverage?
  • Does my 1999 BMW 7 Series need full coverage?
  • Is my ex-spouse still covered by my policy?
  • Why does it cost so much to insure a teen driver?
  • What if I total my 1999 BMW 7 Series and owe more than it’s worth?
  • How do I insure my teen driver?
  • Do I have coverage when pulling a U-Haul trailer?
  • Can I afford low physical damage deductibles?
  • What exactly is covered by my policy?

If you’re not sure about those questions, you might consider talking to a licensed agent. To find an agent in your area, fill out this quick form. It only takes a few minutes and you can get the answers you need.

BMW 7 Series rates are in the details

It’s important that you understand the different types of things that come into play when calculating the price you pay for auto insurance. Understanding what controls the rates you pay allows you to make educated decisions that could result in much lower annual insurance costs.

  • Do you know you’re credit rating? – A driver’s credit score is a large factor in determining your rates. So if your credit score is lower than you’d like, you could potentially save money when insuring your 1999 BMW 7 Series by spending a little time repairing your credit. People with excellent credit tend to be more responsible than drivers with poor credit.
  • Older drivers save more – Older insureds are more cautious drivers, statistically cause fewer accidents and tend to be better behind the wheel. Teenage drivers are statistically proven to get distracted easily when behind the wheel and because of this, their auto insurance rates are much higher.
  • Poor driving leads to higher costs – Your driving record impacts your car insurance rates tremendously. Drivers who don’t get tickets get better rates than people who have multiple driving citations. Just one speeding ticket can bump up the cost forty percent or more. Drivers who get severe violations like DUI or reckless driving may be required to submit a SR-22 or proof of financial responsibility to the state department of motor vehicles in order to drive a vehicle legally.
  • High numbers of claims are not good – Auto insurance companies provide better rates to insureds who are claim-free. If you frequently file small claims, you can pretty much guarantee either a policy non-renewal or much higher rates. Insurance coverage is intended to be relied upon for the bigger claims that can’t be paid out-of-pocket.
  • Where do you drive? – The higher the mileage driven every year the more you will pay for auto insurance. Most insurance companies rate vehicles based upon how you use the vehicle. Vehicles not used for work or commuting can get a lower rate than those used for commuting. An improperly rated 7 Series can result in significantly higher rates. Ask your agent if your auto insurance declarations sheet shows the correct usage for each vehicle, because it can save money.
  • Rates may be lower depending on your job – Jobs such as doctors, social workers and accountants have higher rates than average because of high stress levels and long work hours. On the flip side, occupations such as scientists, athletes and retirees get better rates for 7 Series insurance.
  • Don’t cancel a policy without a new one in place – Having an insurance coverage lapse is a sure-fire way to pay more for auto insurance. Not only will rates go up, failure to provide proof of insurance may earn you a steep fine or even jail time.You may have to file a SR-22 with your state motor vehicle department to get your license reinstated.
  • What are your deductibles? – Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your BMW. A few examples of covered claims would be a windshield shattered by a rock, damage from fire, and windstorm damage. Your deductibles are how much you are required to spend if you file a covered claim. The higher the amount you have to pay, the bigger discount you will receive for 7 Series insurance.

Drivers who switch save $381 a year? Really?

Drivers can’t get away from ads for cheaper car insurance from companies such as Progressive, Allstate and GEICO. They all make the same claim of big savings if you move your policy.

How do they all say the same thing?

All companies have a preferred profile for the type of driver that earns them a profit. A good example of a preferred risk might be profiled as between 30 and 50, is a homeowner, and drives less than 7,500 miles a year. A customer getting a price quote that hits that “sweet spot” will qualify for the lowest rates and as a result will probably save a lot of money.

Potential customers who do not match the “perfect” profile must pay a more expensive rate and ends up with the driver buying from a lower-cost company. The ad wording is “people who switch” not “people who quote” save money. This is how companies can state the savings.

This illustrates why you need to quote coverage with many companies. It’s impossible to know which company will fit your personal profile best.

Specific coverages for a BMW 7 Series

Knowing the specifics of your insurance policy helps when choosing appropriate coverage at the best deductibles and correct limits. The terms used in a policy can be difficult to understand and reading a policy is terribly boring.

Comprehensive (Other than Collision)

This pays for damage from a wide range of events other than collision. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive coverage protects against things such as vandalism, hail damage and hitting a bird. The maximum payout a insurance company will pay at claim time is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.

Medical expense insurance

Med pay and PIP coverage kick in for short-term medical expenses for rehabilitation expenses, chiropractic care, funeral costs and prosthetic devices. The coverages can be used to fill the gap from your health insurance policy or if there is no health insurance coverage. Coverage applies to not only the driver but also the vehicle occupants and also covers if you are hit as a while walking down the street. PIP coverage is not available in all states but can be used in place of medical payments coverage

Liability car insurance

Liability coverage will cover damage or injury you incur to a person or their property by causing an accident. It protects you against claims from other people, and does not provide coverage for your injuries or vehicle damage.

Split limit liability has three limits of coverage: bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have policy limits of 25/50/25 that means you have a $25,000 limit per person for injuries, a total of $50,000 of bodily injury coverage per accident, and a limit of $25,000 paid for damaged property. Alternatively, you may have one number which is a combined single limit that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers claims like repair costs for stationary objects, pain and suffering, attorney fees, court costs and medical services. The amount of liability coverage you purchase is your choice, but it’s cheap coverage so purchase higher limits if possible.

Protection from uninsured/underinsured drivers

Your UM/UIM coverage provides protection when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family as well as your vehicle’s damage.

Since a lot of drivers carry very low liability coverage limits, their liability coverage can quickly be exhausted. That’s why carrying high Uninsured/Underinsured Motorist coverage is very important. Most of the time these limits are identical to your policy’s liability coverage.

Coverage for collisions

Collision insurance pays for damage to your 7 Series caused by collision with another car or object. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision coverage pays for claims such as hitting a mailbox, damaging your car on a curb, driving through your garage door and crashing into a ditch. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are 8 years or older. Another option is to increase the deductible to save money on collision insurance.

Shop around and save

In this article, we presented quite a bit of information on how to compare 1999 BMW 7 Series insurance prices online. The most important thing to understand is the more rate comparisons you have, the better your chances of lowering your rates. Consumers could even find that the lowest rates come from a smaller regional carrier.

People change insurance companies for any number of reasons including lack of trust in their agent, high rates after DUI convictions, policy non-renewal and even unfair underwriting practices. It doesn’t matter why you want to switch choosing a new insurance company is easier than you think.

As you go through the steps to switch your coverage, it’s very important that you do not reduce coverage to reduce premium. Too many times, someone sacrificed comprehensive coverage or liability limits and learned later they didn’t have enough coverage. The aim is to purchase plenty of coverage at an affordable rate while still protecting your assets.

To learn more, link through to the resources below: