Gianetta Palmer is a writer, copywriter, and essayist. Her work has appeared in EverydayHealth.com, Healthline, and The Dyrt Magazine. She is the author of Scrunchie-Fried and writes a lot about car insurance in her spare time.

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florid...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jun 17, 2021

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Looking for a new or used BMW 7 Series? And wondering how much it costs to insure by year? We researched average annual insurance costs for each model year and have compiled the results for you below.

BMW 7 Series insurance facts

  • Average full coverage auto insurance premium: $287/month

  • Most affordable companies: Erie ($189/month) & State Farm ($193/month)

  • 7 Series car insurance cost vs. average rate: $263 more expensive than the average vehicle

Explore the pricing information below to find how much it will cost you to insure your BMW 7 Series by model year and auto insurer.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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Below average BMW 7 Series insurer costs by state:

Risk factors affecting BMW 7 Series car insurance rates

The make and model of your vehicle, along with the year of manufacture, are the three most important factors in determining your car’s value, which in turn is the main factor in determining your car insurance premium. Your own personal driving history, age, marital status, credit scoretype of vehicle, coverage levels, and other personal factors are also important components of your rate.

How to save money on BMW 7 Series car insurance?

Many driver discounts are available to people through most major auto insurance companies, such as

  • Student discounts

  • Safe drivers

  • Senior discounts

With all BMW models, you can get the following car insurance discounts:

  • Passive restraint systems

  • Anti-lock brakes

  • Anti-theft devices

BMW Luxury Automobile Brand

BMW is a German automobile manufacturer and owner of the MINI brand, producing luxury vehicles for the United States and other international markets. The target market of BMW is the affluent class of modern urban consumers. All BMW’s automobiles have high safety ratings, with many of their vehicles getting “Top Safety Pick” and 5-star safety and crash test ratings from the National Highway Traffic Safety Administration (NHTSA). The BMW 3 Series, Z4, and X5 are some of their most popular vehicles.

Higher than average 7 Series repair costs equal higher car insurance rates

Many consumers are attracted to the BMW luxury, comfort, safety, and driver-assist technologies, like BMW’s driver assistance system. Automotive parts are not as common as popular vehicles, like the Toyota or Honda. Repairing a BMW is higher than average since repair parts are more expensive and not as available as popular vehicles. For this reason, many BMWs are going to have higher than average car insurance rates to similar vehicles in their class.

Rapid depreciation for BMW 7 Series affecting auto policies

Another factor to consider for BMW’s, is they depreciate rapidly (notably higher-end luxury BMW models), affecting auto insurance rates. As your vehicle’s value goes down each year, your auto policy could go down at each renewal. On the other hand, in an auto accident, you need repair parts that rarely go down in price for all BMW models. This could put you in a difficult situation position since many car insurance companies will subtract depreciation from the amount paid for your insurance claim resulting in a situation where your claim payout doesn’t fully cover your repair cost.

High IIHS and NHTSA safety ratings lower car insurance rates for drivers

BMW’s are known for their safety ratings, safety features, 5-star crash test ratings, and driver-assist technologies (semiautonomous driving), lowering auto insurance rates for drivers with a good driving record, sometimes getting 20% driver discounts for passive restraints and safety features in BMW models. The BMW 3 series, five series, X3, and X5 are Insurance Institute for Highway Safety (IIHS) “Top Safety Picks,” and the NHTSA consistently gives BMW top safety ratings each year, lowering your car insurance costs.

AutoInsureSavings.org licensed car insurance agents to recommend comprehensive and collision coverage, uninsured motorist coverage, and roadside assistance for new Audi automobile owners when buying a car insurance policy.

2021 BMW 7 Series

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $3844
Allstate$3290
American Family$2398
Erie$2270
GEICO$2315
Kentucky Farm Bureau$3649
Liberty Mutual$2546
Mercury$3154
Nationwide$3528
Progressive$2670
Safeco$4036
State Farm$2950
Tennessee Farmers$3016
Texas Farm Bureau$2834
The Hanover$3726
Travelers$3416
USAA$2488

Compare all 2021 BMW 7 Series rates

Average Cost to Insure Per Year

$3452

List Price

$86800

Trims Available

740i - 740i xDrive - 740e xDrive iPerformance - 750i - 750i xDrive - ALPINA B7 xDrive - M760i xDrive - Base Engine: 4.4-liter twin-turbo V8 engine with 523 HP with advance and passive safety features: BMW Active Driving Assistant, collision avoidance technologies with forward-collision warning, pedestrian detection, low-speed automatic emergency braking, lane-departure warning, blind-spot warning, rear cross-traffic warning, Safety Features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Traction Control, Blind Spot Monitor, Lane Departure Warning, and Lane Keeping Assist

2020 BMW 7 Series

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $3458
Allstate$2816
American Family$1962
Erie$1859
GEICO$2527
Kentucky Farm Bureau$3249
Liberty Mutual$2287
Mercury$2734
Nationwide$3154
Progressive$2344
State Farm$2015
Tennessee Farmers$2614
Texas Farm Bureau$2416
The Hanover$3325
Travelers$3029
USAA$2147

Compare all 2020 BMW 7 Series rates

Average Cost to Insure Per Year

$3325

List Price

$86450

Trims Available

740i - 740i xDrive - 740e xDrive iPerformance - 750i - 750i xDrive - ALPINA B7 xDrive - M760i xDrive - Base Engine: 4.4-liter twin-turbo V8 engine with 523 HP with advance and passive safety features: BMW Active Driving Assistant, collision avoidance technologies with forward-collision warning, pedestrian detection, low-speed automatic emergency braking, lane-departure warning, blind-spot warning, rear cross-traffic warning, Safety Features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Traction Control, Blind Spot Monitor, Lane Departure Warning, and Lane Keeping Assist

2019 BMW 7 Series

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $3244
Allstate$2679
American Family$1859
Erie$1835
GEICO$2315
Kentucky Farm Bureau$2915
Liberty Mutual$2035
Mercury$2549
Nationwide$2843
Progressive$2156
State Farm$1936
Tennessee Farmers$2465
Texas Farm Bureau$2248
The Hanover$3015
Travelers$2750
USAA$2014

Compare all 2019 BMW 7 Series rates

Average Cost to Insure Per Year

$3145

List Price

$83650

Trims Available

740i - 740i xDrive - 740e xDrive iPerformance - 750i - 750i xDrive - ALPINA B7 xDrive - M760i xDrive - Base Engine: 4.4-liter twin-turbo V8mengine with 523 HP with advance and passive safety features: BMW Active Driving Assistant, collision avoidance technologies with forward-collision warning, pedestrian detection, low-speed automatic emergency braking, lane-departure warning, blind-spot warning, rear cross-traffic warning, Safety Features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Traction Control, Blind Spot Monitor, Lane Departure Warning, and Lane Keeping Assist

2018 BMW 7 Series

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 2405
Acuity$ 2405
Allied$ 2598
Allied$ 2598
Arbella$ 2333
Arbella$ 2333
Country$ 2522
Country$ 2522
Erie$ 2090
Erie$ 2090
Mercury$ 2456
Mercury$ 2456
Nationwide$ 2614
Nationwide$ 2614
Plymouth Rock Insurance$ 2025
Plymouth Rock Insurance$ 2025
Progressive$ 2159
Progressive$ 2159
State Farm$ 2254
State Farm$ 2254
Tennessee Farmers$ 1367
Tennessee Farmers$ 1367
USAA$ 2643
USAA$ 2643

Compare all 2018 BMW 7 Series rates

Average Cost to Insure Per Year

$ 2992

List Price

$ 83100

Trims Available

740i - 740i xDrive - 740e xDrive iPerformance - 750i - 750i xDrive - ALPINA B7 xDrive - M760i xDrive

2017 BMW 7 Series

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 2290
Acuity$ 2290
Allied$ 1702
Allied$ 1702
Arbella$ 2160
Arbella$ 2160
Country$ 2325
Country$ 2325
Erie$ 2058
Erie$ 2058
Mercury$ 2404
Mercury$ 2404
Nationwide$ 2335
Nationwide$ 2335
Plymouth Rock Insurance$ 1965
Plymouth Rock Insurance$ 1965
Progressive$ 2156
Progressive$ 2156
State Farm$ 2309
State Farm$ 2309
Tennessee Farmers$ 1737
Tennessee Farmers$ 1737
USAA$ 2511
USAA$ 2511

Compare all 2017 BMW 7 Series rates

Average Cost to Insure Per Year

$ 2943

List Price

$ 83100

Trims Available

740i - 740i xDrive - 740e xDrive iPerformance - 750i - 750i xDrive - ALPINA B7 xDrive - M760i xDrive

2016 BMW 7 Series

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 2074
Acuity$ 2074
Arbella$ 2033
Arbella$ 2033
Country$ 2149
Country$ 2149
Erie$ 1943
Erie$ 1943
Mercury$ 2285
Mercury$ 2285
Nationwide$ 2537
Nationwide$ 2537
Plymouth Rock Insurance$ 1849
Plymouth Rock Insurance$ 1849
Southern Farm Bureau$ 2435
Southern Farm Bureau$ 2435
State Farm$ 2527
State Farm$ 2527
Tennessee Farmers$ 1169
Tennessee Farmers$ 1169
USAA$ 2276
USAA$ 2276
Vermont Mutual$ 2261
Vermont Mutual$ 2261

Compare all 2016 BMW 7 Series rates

Average Cost to Insure Per Year

$ 3276

List Price

$ 81300

Trims Available

740i - 750i - 750i xDrive

2015 BMW 7 Series

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 2118
Acuity$ 2118
Allied$ 1016
Allied$ 1016
Arbella$ 2063
Arbella$ 2063
Country$ 2095
Country$ 2095
Erie$ 1503
Erie$ 1503
GEICO$ 1893
GEICO$ 1893
Mercury$ 2209
Mercury$ 2209
Plymouth Rock Insurance$ 1783
Plymouth Rock Insurance$ 1783
Progressive$ 1693
Progressive$ 1693
State Farm$ 1477
State Farm$ 1477
Tennessee Farmers$ 2129
Tennessee Farmers$ 2129
USAA$ 2058
USAA$ 2058

Compare all 2015 BMW 7 Series rates

Average Cost to Insure Per Year

$ 2266

List Price

$ 74000

Trims Available

740i - 740Li - 740Li xDrive - 740Ld xDrive - ActiveHybrid 7 - 750i - 750i xDrive - 750Li - 750Li xDrive - ALPINA B7 SWB - ALPINA B7 SWB xDrive - ALPINA B7 LWB - ALPINA B7 LWB xDrive - 760Li

2014 BMW 7 Series

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 2136
Acuity$ 2136
Allied$ 963
Allied$ 963
Arbella$ 2086
Arbella$ 2086
Country$ 2119
Country$ 2119
Erie$ 1668
Erie$ 1668
Mercury$ 2193
Mercury$ 2193
Plymouth Rock Insurance$ 1755
Plymouth Rock Insurance$ 1755
Progressive$ 2002
Progressive$ 2002
State Farm$ 1726
State Farm$ 1726
Tennessee Farmers$ 2184
Tennessee Farmers$ 2184
USAA$ 2254
USAA$ 2254
Vermont Mutual$ 2346
Vermont Mutual$ 2346

Compare all 2014 BMW 7 Series rates

Average Cost to Insure Per Year

$ 2584

List Price

$ 74000

Trims Available

740i - 740Li - 740Li xDrive - ActiveHybrid 7 - 750i - 750i xDrive - 750Li - 750Li xDrive - ALPINA B7 SWB - ALPINA B7 SWB xDrive - ALPINA B7 LWB - ALPINA B7 LWB xDrive - 760Li

2013 BMW 7 Series

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1930
Acuity$ 1930
Arbella$ 1882
Arbella$ 1882
Country$ 2017
Country$ 2017
Erie$ 1457
Erie$ 1457
GEICO$ 1757
GEICO$ 1757
Nationwide$ 2139
Nationwide$ 2139
Plymouth Rock Insurance$ 1684
Plymouth Rock Insurance$ 1684
Progressive$ 1663
Progressive$ 1663
State Farm$ 1485
State Farm$ 1485
Tennessee Farmers$ 1998
Tennessee Farmers$ 1998
USAA$ 1941
USAA$ 1941
Vermont Mutual$ 2081
Vermont Mutual$ 2081

Compare all 2013 BMW 7 Series rates

Average Cost to Insure Per Year

$ 2133

List Price

$ 73300

Trims Available

740i - 740Li - 740Li xDrive - ActiveHybrid 7 - 750i - 750i xDrive - 750Li - 750Li xDrive - ALPINA B7 SWB - ALPINA B7 SWB xDrive - ALPINA B7 LWB - ALPINA B7 LWB xDrive - 760Li

2012 BMW 7 Series

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1865
Acuity$ 1865
Allied$ 940
Allied$ 940
Arbella$ 1875
Arbella$ 1875
Country$ 1952
Country$ 1952
Erie$ 1396
Erie$ 1396
GEICO$ 1758
GEICO$ 1758
Plymouth Rock Insurance$ 1637
Plymouth Rock Insurance$ 1637
Progressive$ 1609
Progressive$ 1609
State Farm$ 1406
State Farm$ 1406
Tennessee Farmers$ 1984
Tennessee Farmers$ 1984
USAA$ 1626
USAA$ 1626
Vermont Mutual$ 2004
Vermont Mutual$ 2004

Compare all 2012 BMW 7 Series rates

Average Cost to Insure Per Year

$ 2092

List Price

$ 71000

Trims Available

740i - 740Li - 750i - 750i xDrive - 750Li - 750Li xDrive - ActiveHybrid 750i - ActiveHybrid 750Li - ALPINA B7 SWB - ALPINA B7 SWB xDrive - ALPINA B7 LWB - ALPINA B7 LWB xDrive - 760Li

2011 BMW 7 Series

Cheapest Insurance CompaniesAverage Annual Cost
Allied$ 1191
Allied$ 1191
Arbella$ 1635
Arbella$ 1635
Country$ 1818
Country$ 1818
Erie$ 1412
Erie$ 1412
GEICO$ 1805
GEICO$ 1805
Plymouth Rock Insurance$ 1615
Plymouth Rock Insurance$ 1615
Progressive$ 1802
Progressive$ 1802
Southern Farm Bureau$ 1986
Southern Farm Bureau$ 1986
State Farm$ 1550
State Farm$ 1550
Tennessee Farmers$ 1879
Tennessee Farmers$ 1879
USAA$ 1683
USAA$ 1683
Vermont Mutual$ 1818
Vermont Mutual$ 1818

Compare all 2011 BMW 7 Series rates

Average Cost to Insure Per Year

$ 2177

List Price

$ 70650

Trims Available

740i - 740Li - 750i - 750i xDrive - 750Li - 750Li xDrive - ActiveHybrid 750i - ActiveHybrid 750Li - ALPINA B7 SWB - ALPINA B7 SWB xDrive - ALPINA B7 LWB - ALPINA B7 LWB xDrive - 760Li