BMW 7 series Car Insurance: How Much Should You Expect to Pay?

Looking at average rates, BMW 7 series drivers normally pay about $257 a month for insurance. Take a look at our complete guide to learn about how much auto insurance companies might charge you to insure your BMW 7 series.

Quick Facts

  • A BMW 7 series is more expensive to insure compared to the average car.
  • Liability car insurance for a 7 series comes in at around $84 monthly, while full coverage typically runs about $243 per month.
  • MetLife offers the lowest average rates for a 7 series with liability only coverage offered for as cheap as just $26 monthly.

7 series Overview

With a base price of $86,800 for new 2022 models, the BMW 7 series is a high-end car for drivers with extra room in their budgets. You'll have your choice of four different trim levels, so every driver can find an option to match their style.

We crunched the numbers on thousands of auto insurance quotes on Compare.com, and we've found that BMW 7 series insurance prices are around $257 per month, on average. But how does that fare against its competitors?

Current Base Price$86,800
Body Style(s)Car
Trim LevelsI, 745XE, ALPINA B7, XI
Average Insurance Premium$257/mo.
Cheapest Insurance CompanyMetLife

How Much is Car Insurance for a BMW 7 series?

Vehicle Liability Only Full Coverage
BMW 7 series$84$243
All BMW Models$84$199
All Cars$83$177
Average Insurance Premium$81$169

You can see in the table above that BMW 7 series insurance rates are above average. On average, 7 series owners will pay about $84 a month for liability insurance, and around $243 monthly for full coverage, which has comprehensive and collision coverages in addition to liability (take a look at our guide, "State Minimum vs. Full Coverage", to learn more about the difference between these types of insurance).

Compared to other BMW models, the 7 series is more expensive, with premiums more than 10% higher than the rest of the automaker's vehicle lineup. Compared to offerings from other brands, car insurance for a 7 series is similarly on the expensive side, with full coverage insurance prices coming in about $66 more and $1 more for liability only insurance.

Generally, they're just more expensive to insure than the average vehicle, no matter which make, body style, or model you compare it to.

See what you'll pay in just minutes

Who has the Cheapest Car Insurance for a BMW 7 series?

Insurance Company Average Monthly Premium
MetLife$26
Foremost$43
Workmens$44
Clearcover$45
MetroMile$45

If you're searching for a new car insurance policy for your BMW 7 series, you may want to know which company offers the most affordable rates. While there will never be one carrier that has the most affordable rates for everyone, the lowest average rates for liability only insurance are sometimes just $26 a month from MetLife. The next cheapest company is Foremost, who offers auto insurance as low as $43 a month.

Completing the top 5 carriers are Workmens, Clearcover, and MetroMile. But just because these five companies offer the lowest average rates doesn't necessarily mean they'll be the cheapest for you.

Auto insurance carriers take multiple different things into consideration when calculating how much to charge you. The only way to guarantee you find the lowest rates is to compare quotes from multiple car insurance companies.

See what you'll pay in just minutes

What Factors Affect Car Insurance Rates for a BMW 7 series?

There are a multitude of attributes that insurance carriers look at to calculate how much they charge you -- and each carrier uses a different method, so there's not one single company that's the cheapest for everyone.

Here are just a few of the factors car insurers will look at, with individual breakdowns of how each one affects your rates:

Vehicle Age

Vehicle Age Average Monthly Premium
Less than 1 Year$63
2-3 Years$125
4-5 Years$91
6-7 Years$83
8-10 Years$101
11-14 Years$84
15 Years or Older$75

The BMW 7 series has been around for a while -- that means vehicle age can play a big role in what you end up paying for car insurance. Usually, newer cars are going to cost more to insure because they're worth more, however, as time goes on and 7 serieses begin to depreciate, insurance costs will gradually go lower.

According to the table above, the BMW 7 series bucks the trend, as the most expensive models to insure are those that are 2 to 3 years old, while on average, the cheapest 7 serieses are 1 year old or less.

Your Age

Age Average Monthly Premium

Age is another factor that makes a significant difference in how much insurance companies will charge you for a policy. Based on the information in the table above, the youngest 7 series drivers have higher rates than older drivers. In this case, drivers under 18 pay more than twice as much as those 25 or older.

Insurance prices continue to get lower as you get older, with the cheapest age group being 65 years and older for 7 series drivers.

Your Gender

Gender Average Monthly Premium
Male$87
Female$77

Women usually to pay less for auto insurance than men. This is because men are more likely to get into collisions and get speeding tickets, which raises the chances of an insurance claim. The BMW 7 series follows this convention, and men pay around $87 per month for insurance, while women pay about $77.

Where You Live

State Average Monthly Premium
California$55
Florida$131
Georgia$101
Illinois$56
New York$203
North Carolina$36
Ohio$55
Pennsylvania$110
Texas$74
Virginia$62

It may seem like common sense that variables like what vehicle you drive and how old you are play a role in your auto insurance premiums, but did you know that where you live is just as important? Car insurance is regulated on the state level and not nationally, so prices differ quite a bit depending on what state you live in.

For example, the average BMW 7 series driver in New York pays around $203 a month for liability coverage, while on average, the same Californian owner will pay less than half of that price. The table referenced above shows average premiums for the top 10 most populous states, just to give you a good idea of how much rates can change between states.

See what you'll pay in just minutes

BMW 7 series Car Insurance Discounts

Regardless of how old you are, where you live, or which car you drive, it's always a good idea to take advantage of as many car insurance discounts as possible when shopping around for a new policy.

Even though all insurance carriers offer their own unique discounts, there are a few different ones that you'll find with most companies. These include things like:

  • Multi-vehicle discounts for having several cars on your auto policy
  • Pay-in-full discounts for agreeing to pay your entire policy price at once, rather than by monthly payments
  • Defensive driving discounts for drivers who take a defensive driving class through an accredited school or institution
  • Vehicle safety discounts for having a vehicle with higher safety ratings or one with certain safety features (like air bags or anti-lock brakes)

There are countless ways to save money on your auto insurance if you know where to look.

Although you may not have control of every variable car insurance carriers use to calculate premiums (like some of the ones mentioned above), there are quite a few that are in your control. Below are just a few of the factors you can use to your advantage when it comes to cost savings:

Your Driving Record

Infractions Average Monthly Premium
1 Accident$103
Multiple Accidents$157
1 Ticket$96
Multiple Tickets$114

You've almost certainly heard ads from insurance companies posting big savings for safe drivers. It checks out that if you get into a collision or get cited for speeding, car insurance rates will go higher. But you're probably wondering exactly how much these infractions will cost you.

You can tell from the table above that accidents will usually cost 7 series drivers more than tickets, but both will result in above average rates. BMW 7 series drivers with a single accident on their record pay about $103 a month (up $19 from the $84/mo. overall average), while drivers with one ticket will pay an average of $96 monthly. Those who have multiple violations of either kind will end up paying even more.

How Much You Drive

Annual Mileage Average Monthly Premium
0-2,500 Miles$75
2,501-5,000 Miles$73
5,001-7,500 Miles$70
7,501-10,000 Miles$89
10,000+ Miles$89

The amount of miles you drive each year affects your auto insurance prices. Those who are on the roads less are more likely to go accident-free, so they'll generally end up paying less for car insurance. In the above table, you can see that BMW 7 series owners who drive fewer than 2,500 miles each year pay about $75 per month for auto insurance, while those who put 10,000 miles or more on their cars pay $89.

But if you drive a limited amount, it may be worth getting usage-based or pay-per-mile insurance. With these kinds of plans, you pay a small monthly amount, and your final monthly bill is calculated based on the number of miles you drove.

See what you'll pay in just minutes

How Do BMW 7 serieses Compare to Other Vehicles?

If you're thinking about buying a new vehicle and a BMW 7 series is on your shortlist, you might want to know how it compares to other cars. Insurance is just one cost that comes with buying a new car, but it's certainly one that's worth thinking about carefully.

Visit the table below to see how the BMW 7 series compares:

BMW 7 series National Average
Liability Insurance$49$81
Full Coverage Insurance$200$169
Base MSRP$86,800$46,192
Average Annual Mileage12,87011,617

With an MSRP that's a quarter more than the going rate for a new vehicle, the BMW 7 series is more expensive than average. At $86,800, the 7 series price comes in above the national average MSRP of $46,192.

Liability insurance for a BMW 7 series is about $32 per month less than average, while full coverage is over $30 more a month.

When it comes to usage, BMW 7 series drivers are much higher than the national average in annual miles driven, with 12,870 miles every year compared to 11,617 for all vehicles.

BMW 7 series Car Insurance Costs by Model Year

We've gone over many of the variables that can have an impact on how much the average driver pays for car insurance. If you're considering buying a new vehicle and the 7 series is one you're thinking about, knowing what you can expect to pay for the specific vehicle you're looking at can be extremely valuable as you weigh your choices.

2022 BMW 7 series Car Insurance

   
Liability Only Avg. Premium$49
Full Coverage Avg. Premium$200
Base MSRP$86,800
Cheapest Insurance CompanyDirectGeneral - $38/mo.
Available Trims745XE, ALPINA B7, I, XI

If you're looking for a brand new BMW 7 series, there are plenty of options to choose from. With four different trim levels available on this year's 7 series, you're sure to find one that suits your style.

When it comes to insuring a 7 series, the average 2022 BMW 7 series usually costs around $200 per month for full coverage and $49 monthly for a liability only policy. And if you want the cheapest insurance possible, DirectGeneral offers liability only policies for sometimes as low as $38 per month.

Even though it's helpful to know how much the average driver pays for insurance, a personalized quote is the only way to find out exactly how much you'll pay. Luckily, with Compare.com you can get quotes from multiple carriers at once, all for free. To get started, simply enter your ZIP code below.

See what you'll pay in just minutes

2021 BMW 7 series Car Insurance

   
Liability Only Avg. Premium$85
Full Coverage Avg. Premium$300
Base MSRP$86,800
Cheapest Insurance CompanyForemost - $43/mo.
Available Trims745XE, ALPINA B7, I, XI

If you're looking to buy a 2021 7 series or already own one, you can expect an average insurance rate of about $85 for liability or $300 for full coverage.

And if you're just looking for the most affordable auto insurance for your 7 series, Foremost offers liability only policies for as low as just $43 monthly.

If you want more accurate quotes of how much you can expect to pay, just enter your ZIP code below and get several free quotes in minutes.

See what you'll pay in just minutes

2020 BMW 7 series Car Insurance

   
Liability Only Avg. Premium$57
Full Coverage Avg. Premium$259
Base MSRP$86,450
Cheapest Insurance CompanyMercury - $37/mo.
Available Trims745XE, ALPINA B7, I, XI

The average cost to insure a 2020 BMW 7 series with liability only coverage is $57 a month, while full coverage runs around $259 monthly.

We found Mercury offered the lowest policy, with rates sometimes as cheap as $37 a month.

If you want to know just how much your premium will be, just enter your ZIP code below and get free quotes in minutes.

See what you'll pay in just minutes

2019 BMW 7 series Car Insurance

   
Liability Only Avg. Premium$87
Full Coverage Avg. Premium$407
Base MSRP$83,650
Cheapest Insurance CompanyMercury - $37/mo.
Available TrimsALPINA B7, I, XE, XI

You can expect full coverage for a 2019 7 series to run about $407 per month, while liability only coverage will average around $87 monthly.

If you're looking for the lowest possible 2019 BMW 7 series insurance policy, Mercury offered the most affordable policy we found, with rates as little as $37 a month.

Want something more accurate than national averages? Get lots of free customized quotes by just entering your ZIP code below.

See what you'll pay in just minutes

2018 BMW 7 series Car Insurance

   
Liability Only Avg. Premium$97
Full Coverage Avg. Premium$272
Base MSRP$83,100
Cheapest Insurance CompanyMercury - $30/mo.
Available TrimsALPINA B7, I, XE, XI

2018 BMW 7 series drivers can expect to pay an average of $97 per month for liability or $272 for full coverage.

With rates sometimes as little as $30 monthly, Mercury offered the lowest policy we found for the 2018 BMW 7 series.

If you want to know just how much your price will be, just enter your ZIP code below and get several free quotes in minutes.

See what you'll pay in just minutes

2017 BMW 7 series Car Insurance

   
Liability Only Avg. Premium$118
Full Coverage Avg. Premium$271
Base MSRP$81,500
Cheapest Insurance CompanyMetLife - $26/mo.
Available TrimsALPINA B7, I, XE, XI

It costs about $118 per month for liability or $271 for a full coverage policy for the 2017 7 series.

MetLife has prices as little as just $26 a month for the 2017 BMW 7 series.

What could your insurance rate look like? Enter your ZIP code below to get a variety of free personalized quotes.

See what you'll pay in just minutes

2016 BMW 7 series Car Insurance

   
Liability Only Avg. Premium$154
Full Coverage Avg. Premium$290
Base MSRP$81,300
Cheapest Insurance CompanyDairyland - $33/mo.
Available TrimsI, XI

On average, drivers who own a 2016 BMW 7 series can expect to pay $154 to $290 per month for liability only and full coverage car insurance, respectively.

With rates as cheap as $33 a month, Dairyland offered the cheapest policy we found.

If you want to know exactly how much you can expect to pay for your 7 series, just enter your ZIP code below and get free quotes in minutes.

See what you'll pay in just minutes

2015 BMW 7 series Car Insurance

   
Liability Only Avg. Premium$73
Full Coverage Avg. Premium$260
Base MSRP$74,000
Cheapest Insurance CompanyMercury - $28/mo.
Available TrimsACTIVEHYBRID 7, ALPINA B7, I, LD XDRIVE, LI, LXI, XI

2015 7 series drivers can expect to pay an average of $73 monthly for liability or $260 for full coverage.

Mercury offered the most affordable policy we found, with rates as low as just $28 per month.

Want to know exactly what your insurance premium will be? Enter your ZIP code below to get several free customized quotes.

See what you'll pay in just minutes

2014 BMW 7 series Car Insurance

   
Liability Only Avg. Premium$112
Full Coverage Avg. Premium$243
Base MSRP$74,000
Cheapest Insurance CompanyClearcover - $39/mo.
Available TrimsALPINA B7, I, LI, LI HYBRID, LXI, XI

On average, drivers who own a 2014 BMW 7 series can expect to pay $112 to $243 a month for liability only and full coverage car insurance, respectively.

Looking for the lowest policy? Clearcover offered liability only coverage for as little as $39 monthly.

If you're looking for a more exact figure on what you should pay for auto insurance for a 2014 BMW 7 series, you can get free quotes in minutes by just entering your ZIP code below.

See what you'll pay in just minutes

2013 BMW 7 series Car Insurance

   
Liability Only Avg. Premium$114
Full Coverage Avg. Premium$286
Base MSRP$73,600
Cheapest Insurance CompanyDirectGeneral - $31/mo.
Available TrimsALPINA B7, I, LI, LI HYBRID, LXI, XI

It costs around $114 a month for liability or $286 for a full coverage policy for the 2013 7 series.

If you're looking for the most affordable 2013 BMW 7 series insurance policy, DirectGeneral offered the cheapest policy we found, with rates as cheap as just $31 monthly.

If you want to find the best prices for insurance for a 2013 BMW 7 series, enter your ZIP code below and compare multiple personalized quotes in just a few minutes.

See what you'll pay in just minutes

2012 BMW 7 series Car Insurance

   
Liability Only Avg. Premium$82
Full Coverage Avg. Premium$240
Base MSRP$71,000
Cheapest Insurance CompanyMetLife - $19/mo.
Available TrimsALPINA B7, I, LI, LXI, XI

You can expect full coverage for a 2012 BMW 7 series to run about $240 per month, while liability only coverage will average around $82 monthly.

MetLife has premiums as low as $19 per month for the 2012 BMW 7 series.

If you want to find the best prices for auto insurance for a 2012 BMW 7 series, enter your ZIP code below and compare several personalized quotes in just a few minutes.

See what you'll pay in just minutes

2011 BMW 7 series Car Insurance

   
Liability Only Avg. Premium$93
Full Coverage Avg. Premium$241
Base MSRP$70,650
Cheapest Insurance CompanyMetLife - $25/mo.
Available TrimsALPINA B7, I, LI, LXI, XI

The average cost to insure a 2011 7 series with liability only coverage is $93 a month, while full coverage runs about $241 monthly.

MetLife offered the most affordable policy we found, with rates sometimes as low as $25 a month.

If you want to know just how much your price will be, get free quotes in minutes by just entering your ZIP code below.

See what you'll pay in just minutes

2010 BMW 7 series Car Insurance

   
Liability Only Avg. Premium$92
Full Coverage Avg. Premium$221
Base MSRP$82,000
Cheapest Insurance CompanyDirectGeneral - $26/mo.
Available TrimsI, I XDRIVE, LI, LI XDRIVE

You can expect full coverage for a 2010 BMW 7 series to run around $221 per month, while liability only coverage will average about $92 a month.

Looking for the cheapest policy? DirectGeneral offered liability only coverage for as little as just $26 monthly.

Want to find the best rates? Just enter your ZIP code below to get lots of free personalized quotes.

See what you'll pay in just minutes

BMW 7 series Insurance FAQs

Is a BMW 7 series expensive to insure?

Compared to the national average of all vehicles, premiums come in on the more expensive end of the spectrum. Liability insurance runs an average of $84 per month, while full coverage will cost you around $243.

How can I get the best price on car insurance for my BMW 7 series?

The only way to guarantee you're getting the lowest price on car insurance is to check prices regularly and compare quotes from a bunch of companies. Over time, your driver profile changes, which could change your rates, so it's recommended that you get quotes every 6 months or so. Luckily, sites like Compare.com let you compare rates from many carriers at once, meaning you can find the cheapest rates (or guarantee you already have the best deal) in just a few minutes.

Does the color of my BMW 7 series affect my insurance prices?

You may have heard the old adage that it costs more to insure a red car than cars of other colors, but that's just a myth. Although there are many things auto insurance companies examine when they offer rates, your 7 series's color is not used to make that determination.

Do I need to have insurance before I buy a BMW 7 series?

You'll need to have a valid insurance policy before you can legally drive your new (or new to you) car off the dealership lot. Some dealerships will offer you one during the purchase process, but it's best to let your car insurance carrier know beforehand.

What car insurance discounts can I get for my BMW 7 series?

You will find a whole range of different discounts out there for auto insurance. Many of them (like "safe driver discounts" and "multi-policy discounts") are more based on you than the vehicle you drive, but if your 7 series has safety features like airbags, anti-lock brakes, anti-theft systems, and other features, it may qualify for certain discounts. To learn more about which discounts you might qualify for, reach out to your insurance company and ask about their discounts.

Find your best rate in just a few minutes