2023 BMW i7 Car Insurance Calculator

Learn and understand how decisions you make impact the cost of car insurance for a 2023 BMW i7. Customize driver gender, whether you're married or single, the state and city you live in, and homeowner status to learn how each affects rates. Instantly see if the choice you make raises or lowers the cost of insurance.

The average estimated car insurance premium for a 2023 BMW i7 is $3,034 per year, or about $253 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

$3,034

Cost Per Month

$253

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 2023 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.

$3,034
Average Rate
Your Rate
$3,034

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.

The 'Average Rate' is a combined value for all 2023 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 2023 BMW i7 is $3,034.

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.

2023 BMW i7 vs. the Large Luxury Car Segment

The table below compares insurance rates for the 2023 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.

2023 BMW i7 Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Audi A5$2,558-$476
2Volvo S90$2,884-$150
3Lexus LS 500$2,978-$56
4Mercedes-Benz AMG E53$2,996-$38
5Genesis G90$3,016-$18
6BMW i7$3,034--
7Mercedes-Benz AMG GT43$3,062$28
8Lexus LS 500h$3,162$128
9BMW 840i$3,252$218
10Mercedes-Benz EQS 450$3,326$292
11Infiniti Q60$3,334$300
12Mercedes-Benz S500$3,360$326
13Audi RS 7$3,434$400
14Mercedes-Benz EQS 580$3,448$414
2023 Large Luxury Car Average$3,525$491
15BMW 740i$3,618$584
16BMW M850i$3,666$632
17Mercedes-Benz AMG EQS$3,694$660
18Audi A8$3,738$704
19Audi S8$3,756$722
20Porsche Panamera$3,818$784
21BMW 760i$3,854$820
22Mercedes-Benz S580$3,940$906
23BMW Alpina B8$4,188$1,154
24BMW M760i$4,322$1,288
25Mercedes-Benz Maybach S580$4,454$1,420
26Mercedes-Benz Maybach S680$4,752$1,718

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.

2023 i7 Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2023 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.

2023 BMW i7 Insurance Rates by Trim Level
2023 BMW i7 Trim Level Annual Premium Cost Per Month
xDrive60$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.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2023 BMW i7 for different driver ages.

2023 BMW i7 Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$10,683$890
17$10,417$868
18$9,457$788
19$8,561$713
20$6,584$549
21$6,283$524
22$5,643$470
23$4,585$382
24$4,352$363
25$3,534$295
30$3,248$271
35$3,112$259
40$3,034$253
45$2,824$235
50$2,670$223
55$2,494$208
60$2,502$209
65$2,670$223
70$2,864$239
75$3,342$279
80$4,118$343

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.