Full coverage car insurance for a BMW 7 Series ranges from $1,902 to $10,451 annually. Rates vary by model year, driver's age, location, driving history, coverage level and insurer. This MoneyGeek article details BMW 7 Series insurance costs, coverage options and the most affordable providers.
BMW 7 Series Insurance Cost
Updated: March 11, 2025
Key Takeaways
GEICO offers the most affordable annual minimum coverage across all BMW 7 Series model years at $482.
Insuring a BMW 7 Series costs an average of $701 for minimum coverage and $2,362 for full coverage.
MoneyGeek's analyzed 4,183 quotes from Quadrant Information Services to provide a comprehensive view of BMW 7 Series insurance costs.
BMW 7 Series Insurance Rates
What Is the Average BMW 7 Series Car Insurance Cost?
The average cost of full coverage insurance for a BMW 7 Series is $197 per month or $2,362 per year, based on a 40-year-old male with a clean driving record. Minimum coverage averages $58 monthly or $701 annually.
| Minimum Coverage | $701 |
| Full Coverage | $2,362 |
BMW 7 Series Insurance Costs by Company
BMW 7 Series insurance costs range from $1,706 to $3,228 annually, varying by age, model year and coverage level. The table below shows how average BMW 7 Series insurance rates compare with averages for all vehicles, based on data from several national and mid-sized providers.
| Allstate | $3,228 | $1,793 | 80% |
| Auto-Owners | $1,706 | $1,221 | 40% |
| Farmers | $2,964 | $1,942 | 53% |
| GEICO | $2,408 | $1,319 | 83% |
| Kemper | $3,103 | $2,200 | 41% |
| Nationwide | $2,844 | $1,573 | 81% |
| Progressive | $2,188 | $1,737 | 26% |
| State Farm | $1,996 | $1,260 | 58% |
| Travelers | $2,479 | $1,509 | 64% |
| USAA | $2,402 | $1,185 | 103% |
Read more: Best Car Insurance Companies
Cost of Insuring a BMW 7 Series by Model Year
Your BMW 7 Series' production year can impact your insurance rates, with older models typically costing less to insure. For example, a 2009 BMW 7 Series has an annual full coverage rate of $1,747, while insuring a 2021 model costs $3,349. Below are the average full and minimum coverage rates for every production year.
| 2022 | $580 | $2,521 |
| 2021 | $844 | $3,349 |
| 2020 | $748 | $3,063 |
| 2019 | $702 | $2,789 |
| 2018 | $630 | $2,500 |
| 2017 | $659 | $2,415 |
| 2016 | $738 | $2,329 |
| 2015 | $790 | $2,243 |
| 2014 | $761 | $2,189 |
| 2013 | $783 | $2,134 |
| 2012 | $778 | $2,079 |
| 2011 | $700 | $1,969 |
| 2010 | $672 | $1,858 |
| 2009 | $616 | $1,747 |
BMW 7 Series Insurance Costs by Driver Age
BMW 7 Series insurance rates vary greatly depending on the driver's age. For example, 40-year-olds pay an average of $2,370 annually for full coverage, while 16-year-olds pay around $10,451. Below are the average full and minimum coverage rates for BMW 7 Series drivers of different age ranges.
| 16 | $3,342 | $10,451 |
| 17 | $2,754 | $8,501 |
| 18 | $2,439 | $7,491 |
| 19 | $1,754 | $5,419 |
| 20 | $1,568 | $4,919 |
| 21 | $1,210 | $3,936 |
| 22 | $1,104 | $3,631 |
| 23 | $1,022 | $3,388 |
| 24 | $968 | $3,221 |
| 25 | $852 | $2,870 |
| 26 | $819 | $2,753 |
| 27 | $797 | $2,691 |
| 28 | $784 | $2,646 |
| 29 | $770 | $2,606 |
| 30 | $745 | $2,508 |
| 35 | $723 | $2,421 |
| 40 | $714 | $2,370 |
| 45 | $706 | $2,332 |
| 50 | $686 | $2,255 |
| 55 | $666 | $2,187 |
| 60 | $665 | $2,180 |
| 65 | $712 | $2,196 |
| 70 | $774 | $2,346 |
| 75 | $863 | $2,577 |
| 80 | $976 | $2,865 |
| 85 | $1,052 | $3,086 |
| 90 | $1,110 | $3,243 |
BMW 7 Series Insurance Rates Explained
Many factors affect car insurance rates based on driver profiles. However, insurers also consider factors tied to your vehicle. Below is a breakdown of the car-related cost factors.
BMW 7 Series Rates vs. National Average
All Vehicles
Average Full Coverage Rate
$1,296BMW 7 Series
Average Full Coverage Rate
$2,362Premiums for BMW 7 Series are:$1,066 more
This is 82% more expensive.
Value
The BMW 7 Series' MSRP is $122,295, which classifies it as a luxury car. This high MSRP may lead to higher insurance premiums.
Performance
The BMW 7 Series' 0-to-60 time of 4.9 seconds and 375 to 536 horsepower make it a high-performance vehicle, often leading to higher insurance costs.
Vehicle age
Newer cars like the BMW 7 Series usually cost more to insure than older models, though collector and classic cars can also have high insurance costs.
Vehicle size
Larger vehicles like the BMW 7 Series, with a max curb weight of 5,635 lbs, may cost more to insure due to increased property damage risk.
Trim level
Higher trim levels of the BMW 7 Series, like the 760i Xdrive, often have premium upgrades leading to a higher MSRP and insurance cost than the base model.
Cheapest BMW 7 Series Insurance
GEICO offers the cheapest annual minimum coverage insurance for a BMW 7 Series at $482, based on a 40-year-old male driver with a clean record. Below is a breakdown of the most affordable insurance rates across various coverage levels, age groups, driving records, model years and more.
Cheapest BMW 7 Series Insurance by Coverage Level
Your choice of coverage level greatly affects your BMW 7 Series insurance rate. GEICO offers the most affordable minimum coverage, while State Farm has the lowest full coverage rate. Below is a breakdown of the cheapest provider for both coverage types.
Cheapest BMW 7 Series Minimum Coverage
GEICO provides the cheapest minimum coverage for a BMW 7 Series at $40 monthly. Other low-cost options include State Farm at $41, Travelers at $51 and Allstate at $54.
| USAA | $36 | $435 |
| GEICO | $40 | $482 |
| State Farm | $41 | $492 |
| Travelers | $51 | $607 |
| Allstate | $54 | $644 |
| Progressive | $57 | $686 |
| Farmers | $66 | $797 |
| Nationwide | $141 | $1,698 |
*GEICO offers the lowest average minimum coverage insurance rate for non-military-affiliated BMW 7 Series owners. USAA is the most affordable option for military-affiliated drivers.
Best BMW 7 Series Insurance Rates by Model Year
The list above doesn't consider your BMW 7 Series model's production year, so you might find lower rates depending on your vehicle's age. Use the table below to filter and find the cheapest minimum coverage auto insurance rates for each BMW 7 Series production year.
Data filtered by:Results filtered by:
Select
Model Year:2009
| Allstate | $656 | $55 |
| Farmers | $753 | $63 |
| GEICO | $515 | $43 |
| Nationwide | $653 | $54 |
| Progressive | $701 | $58 |
| State Farm | $451 | $38 |
| Travelers | $653 | $54 |
| USAA | $381 | $32 |
*USAA is available only to military veterans, active service members and their families.
Cheapest Full Coverage BMW 7 Series Insurance
State Farm offers the cheapest full coverage for a BMW 7 Series at $159 per month or $1,902 annually. Below is the complete list of providers and rates for full coverage car insurance.
| State Farm | $159 | $1,902 |
| Progressive | $175 | $2,099 |
| USAA | $187 | $2,248 |
| GEICO | $188 | $2,256 |
| Travelers | $201 | $2,416 |
| Nationwide | $225 | $2,705 |
| Farmers | $227 | $2,726 |
| Allstate | $255 | $3,058 |
Cheapest BMW 7 Series Insurance by Age
Younger drivers aged 16 to 25 and seniors aged 55 and up often pay more for auto insurance. Below is a breakdown of the cheapest BMW 7 Series insurance by age.
Cheapest BMW 7 Series Insurance for Young Drivers
State Farm offers the cheapest car insurance for young drivers aged 16 to 25 at $1,078 annually or $90 monthly for minimum coverage. Below is a table showing the cheapest rates for young BMW 7-series drivers.
| USAA | $76 | $911 |
| State Farm | $90 | $1,078 |
| GEICO | $95 | $1,136 |
| Travelers | $106 | $1,267 |
| Allstate | $120 | $1,445 |
| Progressive | $166 | $1,989 |
| Farmers | $183 | $2,197 |
| Nationwide | $408 | $4,900 |
*State Farm is the cheapest insurer for young non-military-affiliated drivers. USAA is the most affordable option for military-affiliated drivers.
Cheapest BMW 7 Series Insurance for Seniors
State Farm offers the cheapest car insurance for seniors 55 and up at $45 monthly or $541 annually. See the full list of affordable BMW 7 Series insurers below.
| State Farm | $45 | $541 |
| GEICO | $48 | $573 |
| USAA | $48 | $581 |
| Travelers | $61 | $728 |
| Allstate | $65 | $779 |
| Progressive | $70 | $846 |
| Farmers | $90 | $1,083 |
| Nationwide | $168 | $2,013 |
Cheapest BMW 7 Series Insurance After an Accident
For BMW 7 Series drivers, State Farm, GEICO and Allstate offer the most affordable insurance options after an accident. Check out the full list below for more choices.
| State Farm | $51 | $615 |
| USAA | $55 | $665 |
| GEICO | $63 | $757 |
| Allstate | $73 | $872 |
| Travelers | $73 | $873 |
| Progressive | $93 | $1,113 |
| Farmers | $139 | $1,671 |
| Nationwide | $230 | $2,761 |
BMW 7 Series Insurance Cost: Bottom Line
Compare rates from different providers regularly to find the cheapest car insurance. This article details BMW 7 Series insurance, including costs across demographic groups and the most affordable providers.
BMW 7 Series Insurance Rates: FAQ
Below are answers to common questions about BMW-7-series insurance costs, including information on minimum coverage and options for affordable plans.
What company has the cheapest car insurance for a BMW 7 Series?
GEICO is the cheapest car insurance provider for a BMW 7 Series, with an annual minimum coverage rate of $482.
What is the average cost of car insurance for a BMW 7 Series?
The average annual cost of minimum coverage for BMW 7 Series insurance is $701; full coverage costs $2,362.
BMW 7 Series Insurance Ratings: Our Review Methodology
MoneyGeek analyzed data and 4,183 quotes from Quadrant Information Services for a BMW 7 Series.
Drivers and Cars
MoneyGeek used a sample driver profile with the following characteristics to calculate the average rates for insuring a BMW 7 Series:
- 40-year-old male
- Clean driving record
- 12,000 miles driven annually
We also modified the sample driver profile to determine BMW 7 Series insurance rates for different age groups, driving records and model years. MoneyGeek collected data for the following model years:
- 2012
- 2013
- 2014
- 2015
- 2016
- 2017
- 2018
- 2019
- 2020
- 2021
- 2022
If data on specific model years wasn't available, our data scientists estimated rates based on how insurers typically price car models each year. The published rates are estimates and may not reflect the rate you'll receive for your BMW 7 Series.
Coverage Levels
Each state differs in minimum coverage requirements, so our rates are a combination of minimum coverage policies in the states where we gathered our data.
MoneyGeek’s analysis also includes average rates for a full coverage policy that includes comprehensive and collision coverage (with a $1,000 deductible) and the following increased liability coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $100,000 property damage liability per accident
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.