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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
Graph
Table
Year of Bmw 740i ModelAverage Cost to Insure
2020$2,819
2019$1,439
2018$1,391
2017$1,346
2016$1,327

Compare BMW 7 Series Insurance Rates by State

L O A D I N G
Company Style Premium(Avg) Full Coverage(Avg) Liability Coverage(Avg) State Minimum Coverage(Avg)
Allstate Ins Grp4 Door Sedan Turbo$1,615$3,449$742$654
Berkshire Hathaway Grp4 Door Sedan Turbo$1,144$2,633$469$331
Farmers Ins Grp4 Door Sedan Turbo$1,334$2,535$789$678
Nationwide Corp Grp4 Door Sedan Turbo$2,072$4,478$1,001$738
Progressive Grp4 Door Sedan Turbo$1,189$2,418$685$464
State Farm Grp4 Door Sedan Turbo$1,641$3,483$843$598

2020 Bmw 740i Insurance Rates

companiesAverage Premium
Progressive Universal Ins Co$1,269
Farmers Ins Co Of ID$1,632
Artisan & Truckers Cas Co$1,656
Progressive Advanced Ins Co$1,695
Progressive Paloverde Ins Co$1,796
Farmers Ins Of Columbus Inc$1,818
Farmers Ins Co Of OR$1,839
Progressive Garden State Ins Co$1,977
Nationwide Agribusiness Ins Co$2,009
Progressive Classic Ins Co$2,027
State Farm Mut Auto Ins Co$2,036
Progressive HI Ins Corp$2,076
Progressive Max Ins Co$2,085
Progressive Northwestern Ins Co$2,110
Nationwide Affinity Co of Amer$2,174
Progressive Specialty Ins Co$2,203
Progressive Direct Ins Co$2,229
United Financial Cas Co$2,331
Illinois Farmers Ins Co$2,341
Progressive Preferred Ins Co$2,359
Depositors Ins Co$2,366
Victoria Fire & Cas Co$2,379
Progressive Gulf Ins Co$2,411
Government Employees Ins Co$2,450
Nationwide Mut Ins Co$2,478
Progressive Marathon Ins Co$2,479
State Farm Ind Co$2,501
Allied Prop & Cas Ins Co$2,508
Progressive Northern Ins Co$2,595
Farmers Ins Co Of AZ$2,609
Mid Century Ins Co$2,616
Progressive Cas Ins Co$2,667
Nationwide Ins Co Of Amer$2,712
Farmers Ins Co Inc$2,745
Progressive Select Ins Co$2,748
Geico Ind Co$2,777
Farmers Ins Co Of WA$2,803
Allstate NJ Prop & Cas Ins Co$2,826
Amco Ins Co$2,968
Progressive Mountain Ins Co$2,972
Nationwide Prop & Cas Ins Co$3,036
Geico Cas Co$3,040
Progressive Southeastern Ins Co$3,123
Geico Gen Ins Co$3,152
21st Century Centennial Ins Co$3,409
Allstate Northbrook Ind Co$3,665
Nationwide Mut Fire Ins Co$3,754
Farmers Ins Exch$4,065
Farmers Ins HI Inc$4,078
Progressive Security Ins Co$4,125
Allstate Fire & Cas Ins Co$4,733
Allstate Ins Co$4,853
Allstate Ind Co$4,938
Allstate Prop & Cas Ins Co$5,027
Colonial Cnty Mut Ins Co$5,222
Berkshire Hathaway Grp$5,369
Average Cost to Insure $2,819/year
Cheapest Rate $1,269/year
Available Trims n/a

2019 Bmw 740i Insurance Rates

companiesAverage Premium
State Farm Grp$1,018
Nationwide Corp Grp$1,340
Berkshire Hathaway Grp$1,350
Progressive Grp$1,398
Farmers Ins Grp$1,582
Allstate Ins Grp$1,946
Average Cost to Insure $1,439/year
Cheapest Rate $1,018/year
Available Trims n/a

2018 Bmw 740i Insurance Rates

companiesAverage Premium
State Farm Grp$997
Berkshire Hathaway Grp$1,271
Nationwide Corp Grp$1,362
Progressive Grp$1,386
Farmers Ins Grp$1,546
Allstate Ins Grp$1,782
Average Cost to Insure $1,391/year
Cheapest Rate $997/year
Available Trims n/a

2017 Bmw 740i Insurance Rates

companiesAverage Premium
State Farm Grp$978
Berkshire Hathaway Grp$1,072
Progressive Grp$1,368
Nationwide Corp Grp$1,369
Farmers Ins Grp$1,501
Allstate Ins Grp$1,789
Average Cost to Insure $1,346/year
Cheapest Rate $978/year
Available Trims n/a

2016 Bmw 740i Insurance Rates

companiesAverage Premium
State Farm Grp$957
Berkshire Hathaway Grp$1,131
Nationwide Corp Grp$1,334
Progressive Grp$1,354
Farmers Ins Grp$1,478
Allstate Ins Grp$1,710
Average Cost to Insure $1,327/year
Cheapest Rate $957/year
Available Trims n/a