Vehicles > BMW > i3

BMW I3 Insurance Rates

You have lots of choices when comparing insurance rates on your BMW vehicle. You can either buy through a local agent or go online to check prices from car insurance companies. Finding cheaper auto insurance from online rate quotes can be fast and easy and at the same time you might just save a little.

If you are a novice to online auto insurance shopping, it's easy to be confused by the hoards of companies vying for your business. Finding a better price on auto insurance doesn't have to be difficult. Consumers just need to spend a few minutes to get quotes provided by online insurance companies. It is quite easy and can be accomplished by completing this short form.

Which factors influence car insurance premiums?

Auto insurance rates on a BMW i3 can be significantly different depending on several factors. Taken into consideration are:

  • Higher performance i3 vehicles cost more
  • How many accidents you have had
  • Home/auto policy bundles save money
  • Pleasure use vs. commuting use
  • Special coverage such as replacement cost
  • Claims drive up premiums
  • No coverage lapses saves money
  • Whether you rent or own your home

A final factor which can affect i3 insurance rates is the model year. New vehicles have a higher actual cash value in comparison to later models so the cost to replace them may end up costing you more. Conversely, more recent BMW vehicles may have a trim level with safety features such as a collision avoidance system, all-wheel drive, adaptive cruise control, and lane departure warning system that may help give discounted rates.

To get a better idea how much rates will be for your vehicle, select the year of your i3 from available model years below.

Liability insurance - This coverage will cover damages or injuries you inflict on people or other property that is your fault. Liability coverage protects against things such as emergency aid, pain and suffering, and medical services. Coverage is generally pretty cheap so consider buying as large an amount as possible.

Collision coverages - This will pay to fix damage to your BMW resulting from a collision with an object or car. You first must pay a deductible then your collision coverage will kick in. Collision coverage for your i3 can be pricey, so you might think about dropping it from vehicles that are older. It's also possible to bump up the deductible to bring the cost down.

Comprehensive protection - This coverage pays to fix your vehicle from damage that is not covered by collision coverage. A deductible will apply and the remainder of the damage will be paid by your BMW i3 comprehensive insurance. The highest amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle's value is low it's not worth carrying full coverage.

Uninsured and underinsured coverage - This protects you and your vehicle from other drivers when they are uninsured or don't have enough coverage. Since a lot of drivers have only the minimum liability required by law, their liability coverage can quickly be exhausted. So UM/UIM coverage should not be overlooked.

Medical expense coverage - Personal Injury Protection (PIP) and medical payments coverage pay for expenses (i.e. doctor visits, EMT expenses, and X-ray expenses). They are used in conjunction with a health insurance policy or if you do not have health coverage. Personal Injury Protection is only offered in select states but it provides additional coverages not offered by medical payments coverage.

How Much are BMW i3 Insurance Rates?