1997 BMW 7 Series Car Insurance Quotes – 9 Discounts for Best Rates

Paying for high-priced BMW 7 Series insurance can dwindle your checking account, especially in this economy. Comparing price quotes is free and is an excellent way to slash your bill and have more diposable income.

Many insurers vie for your insurance dollar, so it’s not easy to compare every provider and get the definite best rates possible.

Insurance Prices Online

Most major insurance companies such as Geico, State Farm and Progressive provide price estimates directly from their websites. The process is fairly straightforward as you simply enter the coverage amounts you desire into the quote form. When the form is submitted, the system automatically orders your driving record and credit report and gives you a price quote. Online price quotes streamlines rate comparisons, but the work required to visit each company’s website and repetitively fill out multiple forms can get tiresome after awhile. But it’s absolutely necessary to perform this step in order to find the lowest possible prices on insurance.

A more efficient way to lower your rates requires only one form to obtain quotes from several different companies. The form is fast, reduces the work, and makes online price comparison much simpler. Once the form is submitted, your coverage is rated and you are able to buy your choice of the pricing results.

If one or more price quotes are lower than your current rates, you simply finish the application and purchase the new policy. The whole process takes just a few minutes to complete and could lower your rates considerably.

If you want to find out how much you can save on insurance, click here and fill out the form. If you have coverage now, it’s recommended you copy coverages and limits as shown on your current policy. Doing this guarantees you are getting rate comparison quotes for similar insurance coverage.

Do you really save 40% when you switch?

Geico, State Farm and Progressive constantly bombard you with ads on TV and radio. All the companies say the same thing of big savings if you switch to their company. How do they all make the same claim? It’s all in the numbers.

Insurance companies have a preferred profile for the driver that is profitable for them. For example, a desirable insured might be profiled as between 30 and 50, has no prior claims, and drives less than 7,500 miles a year. Any driver who fits that profile gets the lowest rates and therefore will save quite a bit of money when switching.

Potential insureds who don’t qualify for the requirements must pay a higher premium which usually ends up with business going elsewhere. The ad wording is “drivers who switch” but not “drivers who get quotes” save money. That’s why companies can state the savings.

This illustrates why it is so important to compare as many rates as you can. It’s not possible to predict which company will provide you with the cheapest BMW 7 Series insurance rates.

Discounts on BMW 7 Series insurance

Insuring your fleet can be pricey, buy you may qualify for discounts that many people don’t even know exist. Larger premium reductions will be automatically applied at the time you complete a quote, but some may not be applied and must be inquired about before being credited.

  • Drivers Education – Make teen driver coverage more affordable by requiring them to enroll in driver’s education in school.
  • Accident Waiver – Some insurance companies will allow you to have one accident without raising rates so long as you haven’t had any claims prior to the accident.
  • Driver Safety – Taking a course teaching defensive driving skills can save you 5% or more depending on where you live.
  • Passive Restraint Discount – Cars that have air bags can get savings up to 30%.
  • Theft Prevention System – Anti-theft and alarm systems are stolen less frequently and will save you 10% or more.
  • Pay Now and Pay Less – If paying your policy premium upfront instead of paying each month you could save up to 5%.
  • Good Student Discount – Getting good grades can earn a discount of 20% or more. The good student discount can last up to age 25.
  • Low Mileage – Keeping the miles down on your BMW could qualify for discounted rates on garaged vehicles.
  • Employee of Federal Government – Being employed by or retired from a federal job can earn a discount up to 10% for 7 Series insurance with select insurance companies.

Keep in mind that some credits don’t apply to the entire policy premium. A few only apply to specific coverage prices like collision or personal injury protection. Just because it seems like adding up those discounts means a free policy, companies wouldn’t make money that way. Any qualifying discounts will cut the cost of coverage.

For a list of insurers with discount auto insurance rates, click here.

Tailor your coverage to you

When buying proper insurance coverage for your vehicles, there really is not a one size fits all plan. Every situation is different so your insurance should reflect that These are some specific questions can help discover if your situation would benefit from professional advice.

  • Does my medical payments coverage pay my health insurance deductible?
  • If I drive on a suspended license am I covered?
  • Can my babysitter drive my car?
  • Am I covered if I break a side mirror?
  • How can I get my company to pay me more for my totalled car?
  • Do all my vehicles need collision coverage?
  • Am I insured when driving a different vehicle?
  • Is my state a no-fault state?
  • Can I still get insurance after a DUI?

If you’re not sure about those questions, then you may want to think about talking to an agent. To find lower rates from a local agent, take a second and complete this form or click here for a list of auto insurance companies in your area.

Parts of your car insurance policy

Understanding the coverages of your policy aids in choosing appropriate coverage and the correct deductibles and limits. Policy terminology can be impossible to understand and even agents have difficulty translating policy wording. These are the normal coverages available from car insurance companies.

Comprehensive auto coverage – Comprehensive insurance coverage covers damage from a wide range of events other than collision. A deductible will apply then your comprehensive coverage will pay.

Comprehensive insurance covers things like damage from flooding, hitting a deer and falling objects. The maximum amount a car insurance company will pay at claim time is the actual cash value, so if it’s not worth much more than your deductible consider removing comprehensive coverage.

Liability – Liability coverage can cover damages or injuries you inflict on people or other property. It protects YOU against claims from other people. Liability doesn’t cover damage sustained by your vehicle in an accident.

Liability coverage has three limits: per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/25 which means a limit of $25,000 per injured person, a per accident bodily injury limit of $50,000, and a limit of $25,000 paid for damaged property. Some companies may use a combined limit which limits claims to one amount with no separate limits for injury or property damage.

Liability insurance covers things such as bail bonds, attorney fees, repair costs for stationary objects and repair bills for other people’s vehicles. How much liability coverage do you need? That is up to you, but buy as large an amount as possible.

UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage gives you protection from other motorists when they either are underinsured or have no liability coverage at all. It can pay for hospital bills for your injuries as well as your vehicle’s damage.

Because many people only purchase the least amount of liability that is required, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Usually these coverages are identical to your policy’s liability coverage.

Medical payments and PIP coverage – Med pay and PIP coverage reimburse you for immediate expenses for EMT expenses, surgery and nursing services. The coverages can be used to cover expenses not covered by your health insurance plan or if you do not have health 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. Personal injury protection coverage is not universally available but can be used in place of medical payments coverage

Collision coverages – This covers damage to your 7 Series resulting from colliding with an object or car. You will need to pay your deductible and the rest of the damage will be paid by collision coverage.

Collision can pay for claims such as rolling your car, crashing into a building and colliding with a tree. Collision coverage makes up a good portion of your premium, so you might think about dropping it from older vehicles. It’s also possible to bump up the deductible to get cheaper collision coverage.

One last thing about your coverage

Cheaper 1997 BMW 7 Series insurance can be bought both online and also from your neighborhood agents, and you need to price shop both to have the best selection. A few companies may not provide online quoting and many times these smaller companies only sell through independent insurance agents.

As you prepare to switch companies, you should never buy lower coverage limits just to save a few bucks. There have been many situations where drivers have reduced physical damage coverage and learned later that it was a big error on their part. The ultimate goal is to get the best coverage possible at an affordable rate while still protecting your assets.

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