Gianetta Palmer is a writer, copywriter, and essayist. Her work has appeared in EverydayHealth.com, Healthline, and The Dyrt Magazine. She is the author of Scrunchie-Fried and writes a lot about car insurance in her spare time.

Full Bio →

Written by

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 also has an MBA from the University of South Florid...

Full Bio →

Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Jun 17, 2021

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.

Looking for a new or used BMW i3? And wondering how much it costs to insure by year? We researched average annual insurance costs for each model year and have compiled the results for you below.

BMW i3 insurance facts

  • Average full coverage auto insurance premium: $229/month

  • Most affordable companies: Nationwide ($157/month) & Progressive ($164/month)

  • i3 car insurance cost vs. average rate: $10 less expensive than the average vehicle

Explore the pricing information below to find how much it will cost you to insure your BMW i3 by model year and auto insurer.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

 Secured with SHA-256 Encryption

Below average BMW i3 insurer costs by state:

Risk factors affecting BMW i3 coverage rates

The make and model of your vehicle, along with the year of manufacture, are the three most important factors in determining your car’s value, which in turn is the main factor in determining your car insurance premium. Your own personal driving history, age, marital status, credit scoretype of vehicle, coverage levels, and other personal factors are also important components of your rate.

How to save money on BMW i3 insurance coverage?

Many driver discounts are available to people through most major auto insurance companies, such as

  • Student discounts

  • Safe drivers

  • Senior discounts

With all BMW models, you can get the following discounts:

  • Passive restraint systems

  • Anti-lock brakes

  • Anti-theft devices

BMW Luxury Automobile Brand

BMW is a German automobile manufacturer and owner of the MINI brand, producing luxury vehicles for the United States and other international markets. The target market of BMW is the affluent class of modern urban consumers. All BMW’s automobiles have high safety ratings, with many of their vehicles getting “Top Safety Pick” and 5-star safety and crash test ratings from the National Highway Traffic Safety Administration (NHTSA). The BMW 3 Series, Z4, and X5 are some of their most popular vehicles.

Higher than average i3 repair costs equal higher coverage rates

Many consumers are attracted to the BMW luxury, comfort, safety, and driver-assist technologies, like BMW’s driver assistance system. Automotive parts are not as common as popular vehicles, like the Toyota or Honda. Repairing a BMW is higher than average since repair parts are more expensive and not as available as popular vehicles. For this reason, many BMWs are going to have higher than average car insurance rates to similar vehicles in their class.

Rapid depreciation for BMW i3 affecting auto policies

Another factor to consider for BMW’s, is they depreciate rapidly (notably higher-end luxury BMW models), affecting auto insurance rates. As your vehicle’s value goes down each year, your auto policy could go down at each renewal. On the other hand, in an auto accident, you need repair parts that rarely go down in price for all BMW models. This could put you in a difficult situation position since many car insurance companies will subtract depreciation from the amount paid for your insurance claim resulting in a situation where your claim payout doesn’t fully cover your repair cost.

High IIHS and NHTSA safety ratings lower auto rates for drivers

BMW’s are known for their safety ratings, safety features, 5-star crash test ratings, and driver-assist technologies (semiautonomous driving), lowering auto insurance rates for drivers with a good driving record, sometimes getting 20% driver discounts for passive restraints and safety features in BMW models. The BMW 3 series, five series, X3, and X5 are Insurance Institute for Highway Safety (IIHS) “Top Safety Picks,” and the NHTSA consistently gives BMW top safety ratings each year, lowering your car insurance costs.

AutoInsureSavings.org licensed insurance agents to recommend comprehensive and collision coverage, uninsured motorist coverage, and roadside assistance for new Audi automobile owners when buying an insurance policy.

2021 BMW i3

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $3162
Allied$3254
Allstate$2934
American Family$2506
Amica$3320
Country Financial$3087
Erie$2136
GEICO$2387
Kentucky Farm Bureau$3124
Liberty Mutual$2248
Mercury$2590
Nationwide$1890
Progressive$1936
State Farm$2015
Tennessee Farmers$2579
Texas Farm Bureau$2415
The Hanover$3200
Travelers$3053

Compare all 2021 BMW i3 rates

Average Cost to Insure Per Year

$2755

List Price

$44450

Trims Available

60 Ah - 94 Ah - Base Engine: electric motor with BMW eDrive with advance and passive safety features: BMW Active Driving Assistant, collision avoidance technologies with forward-collision warning, pedestrian detection, low-speed automatic emergency braking, lane-departure warning, blind-spot warning, rear cross-traffic warning, Safety Features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Traction Control, Blind Spot Monitor, Lane Departure Warning, and Lane Keeping Assist

2020 BMW i3

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $3150
Allstate$2890
American Family$2470
Country Financial$3033
Erie$2036
GEICO$2249
Kentucky Farm Bureau$3087
Liberty Mutual$2140
Mercury$2546
Nationwide$1735
Progressive$1826
State Farm$1946
Tennessee Farmers$2519
Texas Farm Bureau$2364
The Hanover$3102
Travelers$3019

Compare all 2020 BMW i3 rates

Average Cost to Insure Per Year

$2741

List Price

$44450

Trims Available

60 Ah - 94 Ah - Base Engine: electric motor with BMW eDrive with advance and passive safety features: BMW Active Driving Assistant, collision avoidance technologies with forward-collision warning, pedestrian detection, low-speed automatic emergency braking, lane-departure warning, blind-spot warning, rear cross-traffic warning, Safety Features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Traction Control, Blind Spot Monitor, Lane Departure Warning, and Lane Keeping Assist

2019 BMW i3

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $3149
Allstate$2890
American Family$2249
Country Financial$3024
Erie$1824
GEICO$2036
Kentucky Farm Bureau$3056
Liberty Mutual$1964
Mercury$2746
Nationwide$1526
Progressive$1640
State Farm$1764
Tennessee Farmers$2354
Texas Farm Bureau$2159
The Hanover$3067
Travelers$3016

Compare all 2019 BMW i3 rates

Average Cost to Insure Per Year

$2739

List Price

$44450

Trims Available

60 Ah - 94 Ah - Base Engine: electric motor with BMW eDrive with advance and passive safety features: BMW Active Driving Assistant, collision avoidance technologies with forward-collision warning, pedestrian detection, low-speed automatic emergency braking, lane-departure warning, blind-spot warning, rear cross-traffic warning, Safety Features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Traction Control, Blind Spot Monitor, Lane Departure Warning, and Lane Keeping Assist

2018 BMW i3

Cheapest Insurance CompaniesAverage Annual Cost
21st Century $3146
Allstate$2371
American Family$2062
Country Financial$2703
Erie$1576
GEICO$1835
Kentucky Farm Bureau$2946
Liberty Mutual$1695
Mercury$2243
Nationwide$1450
Progressive$1467
State Farm$1522
Tennessee Farmers$2156
Texas Farm Bureau$1970
The Hanover$3015
Travelers$2469

Compare all 2018 BMW i3 rates

Average Cost to Insure Per Year

$2736

List Price

$44450

Trims Available

60 Ah - 94 Ah - Base Engine: electric motor with BMW eDrive with advance and passive safety features: BMW Active Driving Assistant, collision avoidance technologies with forward-collision warning, pedestrian detection, low-speed automatic emergency braking, lane-departure warning, blind-spot warning, rear cross-traffic warning, Safety Features: Airbags, 4-Wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Traction Control, Blind Spot Monitor, Lane Departure Warning, and Lane Keeping Assist

2017 BMW i3

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1473
Acuity$ 1473
Allied$ 1387
Allied$ 1387
American Family$ 1661
American Family$ 1661
Arbella$ 1686
Arbella$ 1686
Country$ 1665
Country$ 1665
Erie$ 1356
Erie$ 1356
Mercury$ 1368
Mercury$ 1368
Nationwide$ 1520
Nationwide$ 1520
Plymouth Rock Insurance$ 1508
Plymouth Rock Insurance$ 1508
State Farm$ 1585
State Farm$ 1585
USAA$ 1334
USAA$ 1334
Vermont Mutual$ 1511
Vermont Mutual$ 1511

Compare all 2017 BMW i3 rates

Average Cost to Insure Per Year

$ 2629

List Price

$ 42400

Trims Available

60 Ah - 94 Ah

2016 BMW i3

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1432
Acuity$ 1432
Allied$ 1404
Allied$ 1404
American Family$ 1604
American Family$ 1604
Arbella$ 1643
Arbella$ 1643
Country$ 1609
Country$ 1609
Erie$ 1373
Erie$ 1373
Mercury$ 1354
Mercury$ 1354
Nationwide$ 1553
Nationwide$ 1553
Plymouth Rock Insurance$ 1460
Plymouth Rock Insurance$ 1460
Tennessee Farmers$ 1467
Tennessee Farmers$ 1467
USAA$ 1323
USAA$ 1323
Vermont Mutual$ 1449
Vermont Mutual$ 1449

Compare all 2016 BMW i3 rates

Average Cost to Insure Per Year

$ 2588

List Price

$ 42400

Trims Available

Base

2015 BMW i3

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1367
Acuity$ 1367
Allied$ 1407
Allied$ 1407
Arbella$ 1564
Arbella$ 1564
Country$ 1550
Country$ 1550
Erie$ 1325
Erie$ 1325
Mercury$ 1339
Mercury$ 1339
Nationwide$ 1558
Nationwide$ 1558
Plymouth Rock Insurance$ 1409
Plymouth Rock Insurance$ 1409
State Farm$ 1585
State Farm$ 1585
Tennessee Farmers$ 1403
Tennessee Farmers$ 1403
USAA$ 1276
USAA$ 1276
Vermont Mutual$ 1367
Vermont Mutual$ 1367

Compare all 2015 BMW i3 rates

Average Cost to Insure Per Year

$ 2494

List Price

$ 42400

Trims Available

Base

2014 BMW i3

Cheapest Insurance CompaniesAverage Annual Cost
Acuity$ 1292
Acuity$ 1292
Allied$ 1294
Allied$ 1294
American Family$ 1655
American Family$ 1655
Arbella$ 1459
Arbella$ 1459
Country$ 1514
Country$ 1514
Erie$ 1223
Erie$ 1223
Mercury$ 1324
Mercury$ 1324
Nationwide$ 1501
Nationwide$ 1501
State Farm$ 1576
State Farm$ 1576
Tennessee Farmers$ 1396
Tennessee Farmers$ 1396
USAA$ 1246
USAA$ 1246
Vermont Mutual$ 1318
Vermont Mutual$ 1318

Compare all 2014 BMW i3 rates

Average Cost to Insure Per Year

$ 2754

List Price

$ 41350

Trims Available

Base