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How Much Does BMW i3 Insurance Cost?

bmw i3 insurance cost

The BMW i3 is one of the most affordable cars on the market, but how much does insurance for it really cost? A good credit score, the Model year of the car, and the State where you live can all help to drive down the insurance costs. But how can you tell which insurer offers the lowest rates? Below are some tips to help you decide how much BMW i3 insurance costs. The best insurer for you will be the one that offers the lowest rates.

Having a good credit rating can mean great car insurance rates

The base Sedan will cost about $134 per month in insurance and the S Sedan will cost about $1,618 per year. The base Sedan will cost you more than twice as much as the S Range Extender Sedan, but you will still be paying lower premiums. Below are the average monthly budgets for different BMW i3 trims and packages in 2021.

When shopping for car insurance, make sure to compare rates from different providers. Some companies will give you better rates if you have a good credit rating, but others may not. The amount of coverage you need will depend on several factors, including the car’s safety features and trim level. You can also get discounts for many safety features, including anti-theft devices, anti-theft alarms, and more.

If you’re interested in purchasing a BMW i3 and want to save money on car insurance, you should have a good credit rating. Many insurers use the FICO Score, which is based on five factors. A good credit score means you can expect to pay less for car insurance, and a bad one can increase your costs by up to 24 percent.

The age of the driver also affects your car insurance rates. For example, a 20-year-old male will pay on average $3,284 per year in car insurance. A thirty-year-old female will pay about $852 less per year, while a 40-year-old male will pay more than $1,488 a year. However, if you have a good credit rating, you can expect to pay less than $257 per year on car insurance for a BMW i3 if you have a good credit score.

Model year

The base Sedan is the least expensive BMW i3 model to insure and costs $134 a month. The top trim, S, costs $1,618 a year and the Range Extender costs $1,662. Below are some monthly budget estimates for various BMW i3 trims and packages for the 2020 model year. If you have a teenager, consider keeping them on the same policy as you to save money on insurance.

The type of insurance you need for your BMW i3 can make a huge difference in your overall costs. Some states mandate higher coverage levels while others don’t. If you’re in an older model or have a clean driving record, it might make sense to compare rates. In some cases, getting a multi-car discount will save you a substantial amount of money. Be sure to ask your agent about discounts based on the model year of your car.

If you want a cheap BMW i3 auto insurance policy, check out the Smart Matching method. It is designed to find the best value for your car. This is particularly useful if you’re a veteran or military member. There are also over 600 positive reviews on the Smart Matching method, which looks to find the best value. Many policies will even give you a brand-new car if you have an accident or need repair work.

The BMW i3 is an electric car, so it poses a higher risk to insurers. Naturally, the insurance cost will be higher, but price should not be the only consideration when purchasing an insurance policy. The best insurance company for your BMW i3 is USAA, but you must be a military member to qualify for their policy. Nationwide is the second-best insurer for the BMW i3, but only if you want to protect your family from financial losses.


Whether you’re shopping for BMW i3 insurance online or through your local car insurance agent, you’ll find that the cost varies greatly depending on your state. Some states mandate higher levels of coverage, while others allow premiums to be adjusted according to credit history. Other states, like Massachusetts and California, don’t offer credit score-based rate adjustments. You may also find that you can save a significant amount of money by obtaining multi-vehicle discounts.

BMW i3 insurance rates vary by model, and the cheapest version of the base Sedan costs $134 a month. Meanwhile, the S Sedan and the Range Extender Sedan will cost you $1,618 and $1,662 respectively. We also provide monthly budget estimates for various trims and packages for the BMW i3.

You should also consider your age. While a 20-year-old male will pay an average of $3,254 a year, a female driver will pay an average of $2,400 a year. Having bad credit can raise your rates by as much as $488 a year. If you are over 60, your insurance premiums will increase by $2,280. If you’re under 30, high-risk i3 insurance rates are likely to be more than you’d like to spend.

The BMW i3 insurance cost depends on several factors, including the size and type of the battery and the safety rating of the vehicle. A good number of insurers will give you a quote based on the safety ratings of the BMW i3, which is important when it comes to comparing insurance rates. Purchasing your own policy online will also save you money on premiums. If you’re buying a used BMW, make sure to read your policy carefully and compare all the different options to save the most money.

Insurance companies

If you want to save money on car insurance for your BMW i3, you should consider several factors before selecting a policy. While some insurance providers offer competitive rates, others may not. For this reason, it is crucial to compare quotes from at least three companies. If possible, insure several cars with the same company, including your BMW i3. Bundling home and health insurance is another smart idea, as it can reduce the cost of your car insurance.

Your car’s model, trim level, and personal details will all play a role in the insurance costs. These factors include your driving history, age, and home address. The model year of your BMW i3 is also a factor. By comparing insurance quotes from several companies, you can find the most affordable policy. For additional information, compare the prices of different insurance companies, or contact the companies directly. You’ll be glad you did!

Insurers charge different premiums for the same car model, so the first step is to compare quotes from at least three different insurers. Those with more than three insurance companies will offer lower rates. It is important to keep in mind that older models generally cost less to insure, but the rates can increase significantly for minor infractions. The price of BMW i3 insurance for teenagers is relatively high. For example, if you’re 16 years old and want to purchase a full coverage policy, you’ll pay $5,412 per year. A 17-year-old driver’s insurance will cost approximately $5,066 a year.

The i3 is an electric vehicle, but its range is not the most practical. The i8 has a larger range, but it isn’t as efficient as the BMW i3. However, the i3’s styling is a definite head turner, and no rival electric car can match it. The i3’s range is good for a short drive and overnight charging is only a few pounds. Additionally, drivers who drive a BMW i3 as their company car benefit from 2% BiK tax until April 2024. Depending on where you live, BMW i3 insurance can be a nightmare.


If you own a BMW i3, you’re probably wondering how to lower your car insurance costs. It is important to remember that car insurance costs vary from state to state, and the cost of insurance can be very high. The key is to shop around, compare quotes, and avoid signing up with a company that’s more than willing to raise your deductible. Many insurers consider the model and year of your vehicle when evaluating insurance rates.

Premiums vary by state, but the base Sedan has the lowest annual insurance cost at $134. Depending on the trim level and package, you can expect to pay up to $1,618, which is about $246 less than the average car insurance cost. You can also take advantage of multi-vehicle discounts, which can drastically reduce the cost of your policy. However, you should keep in mind that these discounts are only available to military families, so they won’t apply to your policy.

The Smart Matching method focuses on finding value. Some companies specialize in helping veterans, military members, and mature drivers save money by lowering the cost of insurance. You can also save money on your policy by taking advantage of a plug-in insure website, or a Type 2 wall box. Insurers also look at the deductible of the BMW i3 in order to provide a better service.

Your age and gender are also major factors when it comes to auto insurance costs. The average premium for a 20-year-old male will cost $3,254 annually, while a female driver will pay only $2,402 annually. The deductible of the female driver will cost $852 less than that of the male driver. However, a male driver can save an extra $452 per year by raising his or her deductible to $1,000.