The average BMW 7-SERIES car insurance rate for 2021 is $3,430 based on the profile of a 30-year-old driver. However, car insurance rates by state vary dramatically based on your ZIP code, among other factors. The state where you live plays a significant role in determining your insurance rate. For example, Michigan is the most expensive state for car insurance with an average insurance cost of $5,190 a year, whereas Maine has the lowest BMW 7-SERIES insurance rates for full coverage, with an annual insurance cost of $2,194 on average for drivers aged 30.
Average insurance cost of Bmw 740i by model year
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| Year of Bmw 740i Model | Average Cost to Insure |
|---|---|
| 2020 | $2,877 |
| 2019 | $3,105 |
| 2018 | $2,952 |
| 2017 | $2,805 |
| 2016 | $2,751 |
Compare BMW 7 Series Insurance Rates by State
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| Company | Style | Full Coverage(Avg) | Liability Coverage(Avg) | State Minimum Coverage(Avg) |
|---|---|---|---|---|
| Allstate | 4 Door Sedan Turbo | $3,449 | $742 | $654 |
| Geico | 4 Door Sedan Turbo | $2,633 | $469 | $331 |
| Farmers | 4 Door Sedan Turbo | $2,535 | $789 | $678 |
| Nationwide | 4 Door Sedan Turbo | $4,478 | $1,001 | $738 |
| Progressive | 4 Door Sedan Turbo | $2,418 | $685 | $464 |
| State Farm | 4 Door Sedan Turbo | $3,483 | $843 | $598 |
2020 Bmw 740i Insurance Rates
Average Cost to Insure
$2,877
Annual Cheapest Rate
$2,063
Available Trims
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| Rank | Companies | Average Premium |
|---|---|---|
| 1 | State Farm | $2,063 |
| 2 | Progressive | $2,147 |
| 3 | Nationwide | $2,412 |
| 4 | Farmers | $2,772 |
| 5 | Geico | $3,098 |
| 6 | Allstate | $4,767 |
2019 Bmw 740i Insurance Rates
Average Cost to Insure
$3,105
Annual Cheapest Rate
$2,188
Available Trims
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| Rank | Companies | Average Premium |
|---|---|---|
| 1 | State Farm | $2,188 |
| 2 | Nationwide | $2,582 |
| 3 | Progressive | $2,707 |
| 4 | Geico | $3,322 |
| 5 | Farmers | $3,334 |
| 6 | Allstate | $4,498 |
2018 Bmw 740i Insurance Rates
Average Cost to Insure
$2,952
Annual Cheapest Rate
$2,118
Available Trims
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| Rank | Companies | Average Premium |
|---|---|---|
| 1 | State Farm | $2,118 |
| 2 | Nationwide | $2,588 |
| 3 | Progressive | $2,649 |
| 4 | Geico | $3,075 |
| 5 | Farmers | $3,239 |
| 6 | Allstate | $4,045 |
2017 Bmw 740i Insurance Rates
Average Cost to Insure
$2,805
Annual Cheapest Rate
$2,051
Available Trims
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| Rank | Companies | Average Premium |
|---|---|---|
| 1 | State Farm | $2,051 |
| 2 | Geico | $2,476 |
| 3 | Progressive | $2,579 |
| 4 | Nationwide | $2,621 |
| 5 | Farmers | $3,112 |
| 6 | Allstate | $3,991 |
2016 Bmw 740i Insurance Rates
Average Cost to Insure
$2,751
Annual Cheapest Rate
$1,972
Available Trims
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| Rank | Companies | Average Premium |
|---|---|---|
| 1 | State Farm | $1,972 |
| 2 | Progressive | $2,516 |
| 3 | Nationwide | $2,566 |
| 4 | Geico | $2,641 |
| 5 | Farmers | $3,051 |
| 6 | Allstate | $3,757 |
