How Much Does BMW i7 Insurance Cost? – 2023 Rates and Comparisons

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 sixth out of 26 vehicles in the 2023 large luxury car class, BMW i7 insurance rates average $2,346 annually for full coverage, or $196 if paid each month. The average large luxury car costs $2,724 a year to insure, so the BMW i7 could save you around $378 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.

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Chart Data Details: Chart shows average insurance cost for a 2023 BMW i7 with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all BMW i7 trim levels.Data last updated on December 30, 2022
BMW i7 Insurance Cost by Driver Age and Deductible
2023 BMW i7 Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$3,892$324
$500$4,684$390
$250$5,524$460
30$1,000$2,054$171
$500$2,492$208
$250$2,952$246
40$1,000$1,942$162
$500$2,346$196
$250$2,768$231
50$1,000$1,770$148
$500$2,134$178
$250$2,514$210
60$1,000$1,738$145
$500$2,096$175
$250$2,470$206

The annual policy rates shown range from as low as $1,738 per year for a driver age 60 with deductibles of $1,000 to a high policy cost of $5,524 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 sixth out of 26 total vehicles in the large luxury car category. The i7 costs an average of $2,346 per year for full coverage insurance and the class average rate is $2,724 per year, a difference of $378 per year.

When compared directly to the top-selling vehicles in the large luxury car segment, insurance for a BMW i7 costs $366 more per year than the Audi A5, $168 less than the BMW 840i, $700 less than the Mercedes-Benz S580, and $486 less than the BMW M850i.

The chart below shows how insurance cost for a BMW i7 compares to top-selling large luxury cars. Following the chart, a complete comparison to all 26 models in the 2023 segment is included.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2023 model year BMW i7, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all BMW i7 trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on December 29, 2022
Insurance Cost Comparison: BMW i7 vs Top 10 Large Luxury Cars
BMW i7 Insurance Cost Compared to All Large Luxury Cars
Rank Make/Model Insurance Cost Difference
1Audi A5$1,980-$366
2Volvo S90$2,230-$116
3Lexus LS 500$2,304-$42
4Mercedes-Benz AMG E53$2,318-$28
5Genesis G90$2,330-$16
6BMW i7$2,346--
7Mercedes-Benz AMG GT43$2,368$22
8Lexus LS 500h$2,446$100
9BMW 840i$2,514$168
10Mercedes-Benz EQS 450$2,570$224
11Infiniti Q60$2,584$238
12Mercedes-Benz S500$2,598$252
13Audi RS 7$2,654$308
14Mercedes-Benz EQS 580$2,666$320
15BMW 740i$2,796$450
16BMW M850i$2,832$486
17Mercedes-Benz AMG EQS$2,852$506
18Audi A8$2,886$540
19Audi S8$2,902$556
20Porsche Panamera$2,946$600
21BMW 760i$2,978$632
22Mercedes-Benz S580$3,046$700
23BMW Alpina B8$3,234$888
24BMW M760i$3,336$990
25Mercedes-Benz Maybach S580$3,436$1,090
26Mercedes-Benz Maybach S680$3,666$1,320