BMW i7 Insurance Costs Revealed: 2025 Rate Guide

We compare average car insurance cost for the BMW i7 xDrive60 to the entire large luxury car class to find out how it ranks.

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How much does BMW i7 insurance cost?

Ranked ninth out of 24 vehicles in the 2024 large luxury car class, BMW i7 insurance rates average $3,402 annually for full coverage, or $284 if paid each month. The average large luxury car costs $3,748 a year to insure, so the BMW i7 could save you around $346 on your insurance bill every 12 months.

The following chart details how i7 insurance rates vary depending on the age of the driver and insurance policy deductibles.

Average 2024 BMW i7 car insurance premiums for different driver ages and policy deductibles.
Figure 1: Average 2024 BMW i7 car insurance premiums for different driver ages and policy deductibles. Rates updated on June 27, 2025.

Get Rates in Your AreaWhy is this important?

Data Methodology: Average premiums are based on a 2024 model year BMW i7. Rates assume a clean driving record and no claims or at-fault accidents. Comprehensive and collision coverage is included as well as UM/UIM and medical payments coverage. Premium amounts are averaged across all trim levels.

2024 BMW i7 Insurance Cost by Driver Age and Deductibles
Driver Age Policy Deductible Annual Premium Cost Per Month
20-Year-Old$1,000$5,666$472
$500$6,862$572
$250$8,130$678
30-Year-Old$1,000$2,988$249
$500$3,646$304
$250$4,334$361
40-Year-Old$1,000$2,794$233
$500$3,402$284
$250$4,034$336
50-Year-Old$1,000$2,464$205
$500$2,986$249
$250$3,532$294
60-Year-Old$1,000$2,310$193
$500$2,798$233
$250$3,310$276

Data Methodology: Rated driver has no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for the 2024 BMW i7. Updated June 27, 2025

The annual policy rates shown range from as low as $2,310 per year for a driver age 60 with deductibles of $1,000 to a high policy cost of $8,130 annually for a driver age 20 with $250 comprehensive and collision deductibles.

Younger drivers pay much higher rates than more mature drivers due to their lack of experience and tendency to get into at-fault accidents. Having a lower deductible on your policy means you pay less to fix the damage to your i7 if you get into an accident, but insurance companies will charge more per month for coverage since they have to foot more of the repair bill.

Is it expensive to insure a BMW i7?

The BMW i7 ranks ninth out of 24 total vehicles in the large luxury car category. The i7 costs an average of $3,402 per year for full coverage insurance and the class average rate is $3,748 per year, a difference of $346 per year.

When compared directly to the top-selling vehicles in the large luxury car segment, insurance for a BMW i7 costs $620 more per year than the Audi A5, $48 more than the BMW 840i, $760 less than the Mercedes-Benz S580, and $378 less than the BMW M850i.

The chart below shows how the insurance costs for a BMW i7 compare to top-selling large luxury cars. Following the chart, a complete comparison of all 24 models in the 2024 segment is included.

Average 2024 BMW i7 car insurance premium compared to other large luxury car models.
Figure 2: Average 2024 BMW i7 car insurance premium compared to other large luxury car models. Rates updated on June 26, 2025.

Get Rates in Your AreaWhy is this important?

Data Methodology: Average rates are for a 2024 model year BMW i7. Rated driver is a 40-year-old married male driver with a clean driving record and no at-fault accidents. Average premium includes all BMW i7 trim levels. Comprehensive and collision deductibles are $500 and rates are averaged for all U.S. states.

BMW i7 Insurance Cost Compared to All Large Luxury Cars
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
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 vehicle from the 2024 model year. Updated June 26, 2025