Best BMW i3 Auto Insurance Rates 2021

The cost of ownership for a BMW i3 starts with the purchase price, which is an MSRP of $44,450. BMW i3 insurance rates vary by company as well as based on your driving history and other factors. The BMW i3 includes many safety features like Driver Air Bag that can help reduce insurance rates.

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A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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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 has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Nov 24, 2021

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Things to Remember

  • The MSRP of the BMW i3 is $44,450
  • Crash test ratings have an impact on BMW i3 auto insurance rates
  • Safety features of the BMW i3 can earn you a car insurance discount

Buying a new car is both fun and a lot of work. If the BMW i3 is on your list (or if you’ve already made your choice) you need all of the information before you move forward. We’ve gathered what you need to know when you buy a BMW i3 right here.

Take a look at what you can expect in terms of insurance rates for the BMW i3 and compare it to other similar vehicles. Then find out how the BMW i3 stacks up in terms of safety ratings and features, as well as what it costs to buy a BMW i3 right here.

If you need insurance for a BMW i3 right now, we can help. Enter your ZIP code for free BMW i3 car insurance quotes from top companies.

What impacts the cost of BMW i3 insurance?

The BMW i3 trim and model you choose can impact the total price you will pay for BMW i3 insurance coverage.
You can also expect your BMW i3 rates to be affected by where you live, your driving history, and in most states your age and gender.

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How much is the BMW i3?

The average cost to buy a new BMW i3 is $44,450. This cost will be affected by the trim level of your BMW i3 and any options you might chooose to add.

BMW i3 Safety Ratings

Your BMW i3 car insurance rates are tied to the safety ratings of the BMW i3. See the breakdown here.

BMW i3 Safety Ratings

Test Type Rating
Small overlap front: driver-side Good
Small overlap front: passenger-side Not tested
Moderate overlap front Good
Side Good
Roof Good
Head restraints & seats Acceptable

BMW i3 Crash Test Ratings

Good BMW i3 crash test ratings can lower your BMW i3 auto insurance rates. You can see BMW i3 crash test results here.

BMW i3 Crash Test Ratings

Vehicle Tested Overall Frontal Side Rollover
2020 BMW i3 REX 5 HB RWD N/R N/R N/R N/R
2020 BMW i3 BEV 5 HB RWD N/R N/R N/R N/R

BMW i3 Safety Features

The BMW i3 safety features can mean cheaper insurance. The BMW i3 has the following safety features:

  • Driver Air Bag
  • Passenger Air Bag
  • Front Head Air Bag
  • Rear Head Air Bag
  • Front Side Air Bag
  • 4-Wheel ABS
  • 4-Wheel Disc Brakes
  • Brake Assist
  • Electronic Stability Control
  • Daytime Running Lights
  • Integrated Turn Signal Mirrors
  • Traction Control
  • Auto-Leveling Headlights

Ways to Save on BMW i3 Insurance

If you want to reduce the cost of your BMW i3 insurance rates, follow these tips below:

  • Consider renting a car instead of buying a second BMW i3
  • Ask for a higher deductible for your BMW i3 insurance policy
  • Choose automatic payments or EFT for your BMW i3 insurance policy
  • Compare insurance companies after moving
  • Ask for a new BMW i3 auto insurance rate based on your improved credit score

Top BMW i3 Insurance Companies

What is the best auto insurance company for BMW i3 insurance rates? While the actual rates you pay will depend on many factors, here are some of the top companies offering BMW i3 auto insurance coverage (ordered by market share). Many of these companies offer discounts for security systems and other safety features found on the BMW i3.

Largest Auto Insurers by Market Share

Rank Company Volume Market Share
1 State Farm $66,153,063 9.1%
2 GEICO $46,358,896 6.4%
3 Progressive $41,737,283 5.7%
4 Allstate $39,210,020 5.4%
5 Liberty Mutual $36,172,570 5.0%
6 Travelers $28,786,741 4.0%
7 USAA $24,621,246 3.4%
8 Chubb $24,199,582 3.3%
9 Farmers $20,083,339 2.8%
10 Nationwide $18,499,967 2.5%

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Comparing Free BMW i3 Insurance Quotes Online

You can start comparing quotes for BMW i3 insurance from some of the top car insurance companies by using our free online tool today.

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