- The average BMW i7 insurance cost is $3,482 per year, or $290 per month for full coverage.
- The BMW i7 is one of the cheaper large luxury cars to insure, costing $357 less per year on average as compared to other large luxury cars
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 $3,482 annually for full coverage, or $290 if paid each month. The average large luxury car costs $3,839 a year to insure, so the BMW i7 could save you around $357 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.
The annual policy rates shown range from as low as $2,364 per year for a driver age 60 with deductibles of $1,000 to a high policy cost of $8,332 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 $3,482 per year for full coverage insurance and the class average rate is $3,839 per year, a difference of $357 per year.
When compared directly to the top-selling vehicles in the large luxury car segment, insurance for a BMW i7 costs $632 more per year than the Audi A5, $46 more than the BMW 840i, $780 less than the Mercedes-Benz S580, and $388 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.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Audi A5 | $2,850 | -$632 |
| 2 | Volvo S90 | $2,940 | -$542 |
| 3 | Genesis G90 | $3,154 | -$328 |
| 4 | Mercedes-Benz AMG E53 | $3,164 | -$318 |
| 5 | Mercedes-Benz EQS 450 | $3,198 | -$284 |
| 6 | Lexus LS 500 | $3,298 | -$184 |
| 7 | Lexus LS 500h | $3,338 | -$144 |
| 8 | BMW 840i | $3,436 | -$46 |
| 9 | BMW i7 | $3,482 | -- |
| 10 | Audi RS 7 | $3,608 | $126 |
| 11 | BMW M850i | $3,870 | $388 |
| 12 | BMW 740i | $3,884 | $402 |
| 13 | BMW 750e | $3,898 | $416 |
| 14 | Mercedes-Benz AMG GT43 | $3,926 | $444 |
| 15 | Audi S8 | $3,972 | $490 |
| 16 | Mercedes-Benz S500 | $4,072 | $590 |
| 17 | Audi A8 | $4,078 | $596 |
| 18 | BMW 760i | $4,104 | $622 |
| 19 | Mercedes-Benz S580 | $4,262 | $780 |
| 20 | Mercedes-Benz EQS 580 | $4,334 | $852 |
| 21 | Mercedes-Benz Maybach S580 | $4,710 | $1,228 |
| 22 | Mercedes-Benz AMG EQS | $4,758 | $1,276 |
| 23 | Porsche Panamera | $4,782 | $1,300 |
| 24 | Mercedes-Benz Maybach S680 | $5,026 | $1,544 |
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 October 24, 2025