BMW i7 Car Insurance Calculator

Understand how seemingly small changes impact the insurance cost for a BMW i7. Experiment with factors like coverage deductibles, age of the driver, policy discounts, and i7 trim level. Get instant feedback if the decisions you make influence insurance rates.

The average estimated car insurance premium for a 2024 BMW i7 is $3,402 per year, or about $284 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$3,402

Cost Per Month

$284

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

BMW i7 Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a BMW i7.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$3,402
Average Rate
Your Rate
$3,402

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

Changing the Model Year option in the calculator will reset the Average Rate to the average cost to insure that specific model year BMW i7.

The 'Average Rate' is a combined value for all BMW i7 trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2024 BMW i7 is $3,402.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2024 BMW i7 vs. the Large Luxury Car Segment

The table below compares insurance rates for the 2024 BMW i7 against all other models in the large luxury car segment. The BMW i7 is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the BMW i7, with green values denoting cheaper rates and red values indicating more expensive rates compared to the BMW i7.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2024 BMW i7 Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Audi A5$2,782-$620
2Volvo S90$2,870-$532
3Genesis G90$3,076-$326
4Mercedes-Benz AMG E53$3,088-$314
5Mercedes-Benz EQS 450$3,122-$280
6Lexus LS 500$3,220-$182
7Lexus LS 500h$3,262-$140
8BMW 840i$3,354-$48
9BMW i7$3,402--
10Audi RS 7$3,524$122
2024 Large Luxury Car Average$3,748$346
11BMW M850i$3,780$378
12BMW 740i$3,794$392
13BMW 750e$3,806$404
14Mercedes-Benz AMG GT43$3,832$430
15Audi S8$3,878$476
16Mercedes-Benz S500$3,972$570
17Audi A8$3,982$580
18BMW 760i$4,008$606
19Mercedes-Benz S580$4,162$760
20Mercedes-Benz EQS 580$4,230$828
21Mercedes-Benz Maybach S580$4,598$1,196
22Mercedes-Benz AMG EQS$4,642$1,240
23Porsche Panamera$4,666$1,264
24Mercedes-Benz Maybach S680$4,906$1,504

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2024 i7 Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2024 BMW i7.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2024 BMW i7 Insurance Rates by Trim Level
2024 BMW i7 Trim Level Annual Premium Cost Per Month
eDrive50$3,126$261
xDrive60$3,364$280
M70 xDrive$3,714$310

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2024 BMW i7 for different driver ages.

2024 BMW i7 Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$11,875$990
17$11,605$967
18$10,589$882
19$9,570$798
20$7,374$615
21$7,039$587
22$6,334$528
23$5,132$428
24$4,880$407
25$3,962$330
30$3,646$304
35$3,488$291
40$3,402$284
45$3,164$264
50$2,986$249
55$2,788$232
60$2,798$233
65$2,988$249
70$3,192$266
75$3,710$309
80$4,566$381

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all BMW i7 trim levels.

Average Rates by Model Year

The table below shows average car insurance rates for different model years of the BMW i7.

These values do not change with the calculator settings. These rates provide a "base average rate" to compare your calculated rate to, and the highlighted row indicates the currently selected model year.

Changing the calculator settings will cause your rate to move higher or lower than the average annual premium.

If the calculated 'Annual Premium' shown at the bottom of your screen is higher than the highlighted annual premium in the table, refer to the insurance analysis section to find out what factors might be causing the increase.

Average BMW i7 Insurance Rates by Model Year
Model Year and Vehicle Annual Premium Cost Per Month
2024 BMW i7$3,402$284
2023 BMW i7$3,034$253

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all BMW i7 trim levels for each model year.