BMW i3 Car Insurance Cost

Insuring a BMW i3 costs around $1,374 per year, from Mercury. However, costs depend on age, car model year, and other factors, so use our quote tables below to find out how much it might cost you.

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Updated: 02 April 2024
Written by
Bob Phillips
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If you’re considering purchasing a BMW i3, one of the many factors you’ll need to consider is the cost of insurance. After all, insurance is a significant part of car ownership, and it’s crucial to know what you’re getting into before you make your purchase.

Not carefully selecting a good car insurance policy can lead to unexpected and potentially high costs down the road. The last thing you want to happen is to have insufficient coverage when an accident occurs, leaving you with hefty out-of-pocket expenses. And let’s not forget about potential increases in premiums if you’re found at fault.

With over a decade of experience analyzing car insurance rates, I’ve seen just how much these costs can vary. Factors such as your age, driving record, and even where you live can significantly influence your insurance premiums.

How Much Does BMW i3 Car Insurance Cost?

On average, Mercury offers the most competitive rate at $1,374 per year for full coverage insurance on a 2021 BMW i3.

While Mercury’s rate is an excellent benchmark, it’s important to understand that the cost of car insurance can vary widely depending on numerous factors. These include your location, driving history, your car’s model year, and the specific coverage levels you choose. A clean driving record can lead to lower premiums, while a history of accidents or traffic violations can increase your costs.

Additionally, living in an urban area with high traffic may result in higher rates compared to rural areas with less traffic. The type of coverage you choose will also impact your premium – full coverage insurance, which includes comprehensive and collision coverage, will be more expensive than minimum liability coverage.

Insuranceopedia is here to help you shop around and compare quotes from different insurance companies to ensure you’re getting the best deal.

2021 BMW i3 Insurance Rates

Insurance Provider Average Annual Cost
Mercury $1,374
21st Century $1,474
Penn National $1,589
California Capital $1,781
USAA $1,828
Unitrin $2,010
Hartford $2,058
CSAA $2,182
Farmers $2,294
Nationwide $2,403

2020 BMW i3 Insurance Rates

Insurance Provider Average Annual Cost
Direct Auto $1,209
Texas Farm Bureau Group $1,245
Allied $1,384
Farm Bureau Mutual (IA Group) $1,515
Auto-Owners Insurance Co $1,683
Farmers $1,785
Mercury $1,892
American Family $1,897
Farmers Mutual of Nebraska $1,931
21st Century $2,044

2019 BMW i3 Insurance Rates

Insurance Provider Average Annual Cost
Clearcover $541
SAFECO $743
Texas Farm Bureau Group $844
Concord Group $892
Penn National $924
Capital Insurance Group $1,101
Utica National Ins Group $1,166
Virginia Farm Bureau $1,174
MMG Insurance Company $1,307
PEMCO $1,415

2018 BMW i3 Insurance Rates

Insurance Provider Average Annual Cost
National General $659
Texas Farm Bureau Group $1,020
Republic Indemnity $1,740
USAA $1,775
Chubb $2,013
21st Century $2,123
New Jersey Manufacturers $2,239
California Capital $2,319
Mercury $2,346
Erie $2,360

2017 BMW i3 Insurance Rates

Insurance Provider Average Annual Cost
SAFECO $405
PEMCO $1,027
Concord Group $1,064
Indiana Farmers Mutual Ins $1,104
Buckeye Insurance Group $1,112
Clearcover $1,207
Safety Group $1,215
SECURA Insurance $1,247
Farm Bureau Mutual (IA Group) $1,253
Western Reserve $1,283

2016 BMW i3 Insurance Rates

Insurance Provider Average Annual Cost
Kemper Auto Premier $520
SAFECO $881
SECURA Insurance $915
Clearcover $928
West Bend Mutual $1,037
Oregon Mutual $1,050
Virginia Farm Bureau $1,053
Capital Insurance Group $1,071
PEMCO $1,100
Utica National Ins Group $1,169

2015 BMW i3 Insurance Rates

Insurance Provider Average Annual Cost
SAFECO $344
Kemper Auto | Infinity $469
Mercury Insurance Company $1,104
Ameriprise Group $1,233
Safety Group $1,230
Infinity Special $1,341
Mercury Insurance $1,360
Arbella Insurance Group $1,441
Farm Bureau Mutual (IA Group) $1,494
SafeAuto $1,519

2014 BMW i3 Insurance Rates

Insurance Provider Average Annual Cost
SafeAuto $324
SAFECO $413
Kemper Auto Premier $468
American National P $702
New Jersey Manufacturers $962
PEMCO $1,035
Farm Bureau Mutual (IA Group) $1,192
Ameriprise Group $1,235
SECURA Insurance $1,232
Oregon Mutual $1,280

2013 BMW i3 Insurance Rates

Insurance Provider Average Annual Cost
Unitrin $2,715
Mercury Insurance Company $3,516
Infinity Special $8,787
Dairyland Auto $10,486

Cost of BMW i3 Car Insurance By Age

Age Good Driver Recent Accident Poor Credit
17 $7,416 $10,843 $12,700
18 $6,910 $10,104 $11,857
19 $6,096 $8,961 $10,462
20 $5,323 $7,804 $9,134
21 $4,474 $6,550 $7,657
22 $4,346 $6,377 $7,456
23 $3,782 $5,577 $6,515
24 $3,610 $5,313 $6,187
25 $3,130 $4,574 $5,362
30 $2,427 $3,575 $4,156
35 $2,291 $3,341 $3,921
40 $2,197 $3,188 $3,772
45 $2,144 $3,133 $3,665
55 $1,969 $2,855 $3,343
65 $2,029 $2,966 $3,474
75 $2,554 $3,754 $4,423

BMW i3 Car Insurance Rates By State

State Good Driver Recent Accident Poor Credit
Alabama $2,327 $3,377 $4,293
Alaska $1,928 $2,647 $2,596
Arizona $2,153 $3,141 $4,597
Arkansas $2,383 $3,711 $4,102
California $2,622 $4,652 $2,633
Colorado $2,462 $3,437 $4,379
Connecticut $3,149 $4,887 $6,195
Delaware $2,618 $3,462 $4,477
Florida $3,099 $4,293 $5,596
Hawaii $992 $1,377 $994
Idaho $1,774 $2,346 $2,828
Illinois $1,839 $2,799 $3,150
Indiana $1,878 $2,900 $3,239
Iowa $1,492 $2,035 $2,403
Kansas $2,000 $2,893 $3,399
Kentucky $2,873 $4,218 $4,985
Louisiana $3,691 $5,571 $6,033
Maine $1,378 $1,939 $2,854
Maryland $2,257 $3,303 $3,663
Massachusetts $1,830 $3,147 $1,796
Michigan $4,375 $6,656 $10,518
Minnesota $1,793 $2,404 $3,368
Mississippi $2,171 $3,101 $3,138
Missouri $2,049 $2,929 $3,859
Montana $2,062 $2,922 $3,371
Nebraska $1,761 $2,589 $2,834
Nevada $2,924 $4,294 $4,539
New Hampshire $2,013 $3,195 $4,046
New Jersey $2,222 $3,506 $4,585
New Mexico $2,285 $3,376 $3,490
New York $2,090 $2,653 $4,434
North Carolina $1,317 $2,238 $1,581
North Dakota $1,785 $2,693 $3,197
Ohio $1,584 $2,475 $2,512
Oklahoma $2,542 $3,620 $4,088
Oregon $2,318 $3,088 $3,710
Pennsylvania $1,951 $2,868 $3,353
Rhode Island $3,274 $4,789 $5,362
South Carolina $2,228 $3,044 $4,216
South Dakota $1,983 $2,850 $3,277
Tennessee $2,323 $3,444 $4,550
Texas $2,348 $3,381 $4,230
Utah $1,991 $2,790 $3,860
Vermont $1,533 $2,348 $2,493
Virginia $1,439 $2,217 $2,160
Washington $1,910 $2,584 $3,126
West Virginia $1,935 $2,742 $3,452
Wisconsin $1,910 $3,010 $3,440
Wyoming $1,785 $2,499 $2,662
Georgia $2,523 $3,772 $3,817

FAQs

Who has the cheapest car insurance for a BMW i3?

Mercury has the cheapest car insurance for the BMW i3 for the model year 2021.

Which company offers the best car insurance for a BMW i3?

Based on a combination of having the lowest rates, comprehensive coverage, and top-rated customer service, we believe Mercurys offers the best car insurance for a BMW i3.

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