BMW i3 insurance costs change based on your car's model year. Monthly premiums run from $124 for 2021 models down to $81 for older i3s, since newer vehicles have higher market values.
BMW i3 Insurance Cost
Updated: January 29, 2026
Key Takeaways
GEICO offers the cheapest BMW i3 insurance on average, at $142, though full coverage costs vary widely by model year and insurer. Read more
The i3 ranks 41st out of 52 hatchbacks for insurance affordability, placing it in the middle tier. Since hatchbacks cost less to insure due to lower repair costs and better fuel efficiency, the i3 is affordable overall. Read more
For the most accurate rates, check costs specific to your i3's model year, especially if you're insuring a teen driver on your policy. Read MoneyGeek's analysis of rates by company for specific i3 model years, depending on the age of the drivers
How Much Is BMW i3 Insurance?
Looking for another BMW model? Read more about the cost of BMW car insurance models.
Costs vary by model year and company. BMW i3 minimum coverage ranges from $65 monthly with GEICO to $154 with UAIC, while full coverage spans $142 with GEICO to $360 with AIG.
Rate variations exceeding $89 for minimum coverage and $218 for full coverage demonstrate why i3 owners need to shop around. Companies calculate risk differently for each model, affecting your final quote.
| AAA | $124 | $258 |
| AIG | $147 | $360 |
| Allstate | $144 | $279 |
| Amica | $132 | $272 |
| Chubb | $124 | $249 |
| Farmers | $150 | $264 |
| Geico | $65 | $142 |
| Kemper | $112 | $232 |
| Nationwide | $92 | $159 |
| Progressive | $108 | $202 |
| State Farm | $104 | $216 |
| The Hartford | $109 | $186 |
| Travelers | $77 | $143 |
| UAIC | $154 | $191 |
Is BMW i3 Expensive to Insure?
MoneyGeek's analysis of 53 hatchbacks reveals the BMW i3's insurance affordability standing. It ranks 41st among hatchbacks, meaning 40 vehicles cost less to insure. The i3 sits between the slightly cheaper Chevrolet Sonic and the marginally pricier Kia Forte, placing it in the middle tier for its vehicle category.
However, hatchbacks are expensive to insure overall. The BMW i3 ranks 526th out of 827 total cars in our database, putting it among the pricier models to insure. The cheapest hatchback is the Saab 9-3, while the Cadillac Celestiq commands the highest premiums in this category.
| Ford Focus | $148 | 38 |
| Mitsubishi Lancer | $148 | 38 |
| Fiat 500L | $149 | 39 |
| Chevrolet Sonic | $150 | 40 |
| BMW i3 | $152 | 41 |
| Kia Forte | $156 | 42 |
| Dodge Dart | $160 | 43 |
| Chevrolet Cruze | $166 | 44 |
Several factors affect what you'll pay for BMW i3 insurance:
- Average Repair or Replacement Costs: BMW i3 repair costs average $1,023 annually, making it BMW's second most affordable model to maintain out of 30 available models.
- Vehicle Trim, Features and Accessories: The i3's performance capabilities include 170 to 180 horsepower with 0-60 mph acceleration in about 7 seconds. Higher performance trims cost more to insure due to increased repair costs and risk factors.
- Driver Profile: Most BMW i3 drivers are in their 40s and 50s, resulting in lower insurance rates due to responsible driving behavior. However, the i3's performance reputation can attract risk-taking behaviors that concern insurers. Read more about the costs of BMW i3s for young drivers.
BMW i3 Insurance Cost by State
BMW i3 insurance costs range from $45 monthly in Wyoming to $207 in Louisiana for minimum coverage, depending on where you're located. These differences reflect your state's risk factors and insurance regulations rather than anything specific about the vehicle itself.
| Alabama | $89 | $169 |
| Alaska | $75 | $159 |
| Arizona | $123 | $231 |
| Arkansas | $86 | $191 |
| California | $98 | $197 |
| Colorado | $103 | $247 |
| Connecticut | $138 | $239 |
| Delaware | $144 | $241 |
| Florida | $130 | $301 |
| Georgia | $148 | $246 |
| Hawaii | $58 | $131 |
| Idaho | $52 | $108 |
| Illinois | $91 | $171 |
| Indiana | $66 | $129 |
| Iowa | $62 | $150 |
| Kansas | $75 | $176 |
| Kentucky | $126 | $215 |
| Louisiana | $207 | $446 |
| Maine | $54 | $113 |
| Maryland | $149 | $252 |
| Massachusetts | $107 | $228 |
| Michigan | $177 | $343 |
| Minnesota | $82 | $175 |
| Mississippi | $91 | $181 |
| Missouri | $121 | $244 |
| Montana | $77 | $183 |
| Nebraska | $76 | $174 |
| Nevada | $184 | $333 |
| New Hampshire | $75 | $134 |
| New Jersey | $169 | $279 |
| New Mexico | $83 | $186 |
| New York | $124 | $224 |
| North Carolina | $85 | $167 |
| North Dakota | $66 | $146 |
| Ohio | $73 | $142 |
| Oklahoma | $95 | $212 |
| Oregon | $120 | $210 |
| Pennsylvania | $90 | $212 |
| Rhode Island | $127 | $227 |
| South Carolina | $109 | $204 |
| South Dakota | $57 | $179 |
| Tennessee | $80 | $163 |
| Texas | $130 | $266 |
| Utah | $108 | $184 |
| Vermont | $48 | $116 |
| Virginia | $96 | $156 |
| Washington | $91 | $169 |
| West Virginia | $91 | $184 |
| Wisconsin | $68 | $151 |
| Wyoming | $45 | $137 |
BMW i3 Costs by Model Year and Insurance Company
A 2014 BMW i3 costs just $181 monthly to insure for drivers aged 35 to 55, while a 2021 model jumps to $271 per month for the same age group. Your BMW i3's model year and driver ages on your policy create dramatic insurance cost differences. Newer models consistently demand higher premiums, and teen or young adult drivers face much steeper rates regardless of the car's age.
GEICO consistently offers the cheapest BMW i3 insurance across all model years. Shopping between insurers could save you hundreds monthly compared to average rates.
• 2021 BMW i3 Insurance Rates
• 2020 BMW i3 Insurance Rates
• 2019 BMW i3 Insurance Rates
• 2018 BMW i3 Insurance Rates
Older models (2014 to 2017):
- 2017 BMW i3 Insurance Rates
- 2016 BMW i3 Insurance Rates
- 2015 BMW i3 Insurance Rates
- 2014 BMW i3 Insurance Rates
Cost of Car Insurance for 2021 BMW i3
| Geico | $78 | $171 |
| Travelers | $92 | $170 |
| Nationwide | $107 | $185 |
| National General | $107 | $219 |
| Progressive | $128 | $240 |
| State Farm | $132 | $276 |
| The Hartford | $133 | $226 |
| Kemper | $138 | $286 |
| AAA | $152 | $315 |
| Chubb | $157 | $316 |
| Allstate | $166 | $322 |
| Amica | $167 | $343 |
| AIG | $179 | $441 |
| UAIC | $184 | $229 |
| Farmers | $187 | $330 |
Cost of Car Insurance for 2020 BMW i3
| Geico | $64 | $140 |
| Travelers | $75 | $139 |
| Nationwide | $87 | $152 |
| National General | $88 | $180 |
| Progressive | $105 | $196 |
| State Farm | $108 | $226 |
| The Hartford | $109 | $185 |
| Kemper | $113 | $234 |
| AAA | $124 | $258 |
| Chubb | $129 | $259 |
| Allstate | $136 | $264 |
| Amica | $137 | $281 |
| AIG | $147 | $362 |
| UAIC | $150 | $187 |
| Farmers | $153 | $271 |
Cost of Car Insurance for 2019 BMW i3
| Geico | $54 | $119 |
| Travelers | $64 | $118 |
| Nationwide | $74 | $128 |
| National General | $74 | $152 |
| Progressive | $89 | $166 |
| State Farm | $91 | $191 |
| The Hartford | $92 | $157 |
| Kemper | $95 | $198 |
| AAA | $105 | $218 |
| Chubb | $109 | $219 |
| Allstate | $115 | $224 |
| Amica | $116 | $238 |
| AIG | $124 | $306 |
| UAIC | $127 | $159 |
| Farmers | $130 | $229 |
Cost of Car Insurance for 2018 BMW i3
| Geico | $51 | $111 |
| Travelers | $60 | $110 |
| Nationwide | $69 | $120 |
| National General | $70 | $143 |
| Progressive | $83 | $156 |
| State Farm | $86 | $179 |
| The Hartford | $86 | $147 |
| Kemper | $90 | $186 |
| AAA | $99 | $204 |
| Chubb | $102 | $205 |
| Allstate | $108 | $210 |
| Amica | $109 | $223 |
| AIG | $116 | $287 |
| UAIC | $119 | $149 |
| Farmers | $122 | $215 |
Cost of Car Insurance for 2017 BMW i3
| Geico | $90 | $195 |
| National General | $108 | $222 |
| Travelers | $109 | $201 |
| State Farm | $131 | $273 |
| Nationwide | $133 | $231 |
| The Hartford | $148 | $252 |
| Kemper | $150 | $309 |
| Progressive | $152 | $286 |
| Chubb | $159 | $315 |
| AAA | $168 | $349 |
| Amica | $170 | $348 |
| Farmers | $196 | $344 |
| AIG | $199 | $484 |
| Allstate | $213 | $412 |
| UAIC | $216 | $265 |
Cost of Car Insurance for 2016 BMW i3
| Geico | $65 | $141 |
| National General | $78 | $160 |
| Travelers | $79 | $146 |
| State Farm | $95 | $197 |
| Nationwide | $97 | $167 |
| The Hartford | $107 | $182 |
| Kemper | $109 | $224 |
| Progressive | $110 | $207 |
| Chubb | $115 | $228 |
| AAA | $122 | $253 |
| Amica | $123 | $252 |
| Farmers | $142 | $249 |
| AIG | $144 | $350 |
| Allstate | $154 | $298 |
| UAIC | $156 | $192 |
BMW i3 Insurance Cost by Trim
Insurance costs for your BMW i3 range from $90 monthly for minimum coverage on basic Hatchback 4d models to $311 for full coverage on 60 Ah Hatchback 4d variants. Performance features and market value create these dramatic cost differences between trim levels.
| Hatchback 4d | $90 | $175 |
| Base W/Range Extender Hatchback 4d | $94 | $184 |
| S Hatchback 4d | $107 | $208 |
| Range Extender Hatchback 4d | $110 | $213 |
| S W/Range Extender Hatchback 4d | $112 | $218 |
| 60 Ah Hatchback 4d | $160 | $311 |
How to Lower the Cost of BMW i3 Insurance
Here is how to find better rates on BMW i3 insurance:
- 1Choose the right coverage
You'll need to figure out how much coverage to buy for your BMW i3 based on ownership status. Own it outright? Get state minimum liability plus comprehensive and collision with a $1,000 deductible to lower premiums. Want enhanced protection? Consider 100/300/100 liability with comprehensive and collision at a $500 deductible. Financing or leasing requires 100/300/100 liability limits, comprehensive and collision with $500 deductible, plus gap insurance.
- 2Research costs and cheap companies
Check average auto insurance costs for electric vehicles. This benchmark assists with finding the cheapest car insurance companies offering competitive rates. Understanding typical premiums for your BMW i3 prevents overpaying and helps identify genuinely affordable options in your area.
- 3Look for more than just low rates
Selecting reliable car insurance means evaluating insurers beyond their quotes alone. Check J.D. Power satisfaction ratings, examine forum feedback on claims processing, review Better Business Bureau complaints and confirm AM Best financial stability ratings.
- 4Explore discounts you qualify for
Discover car insurance discounts that apply to your situation as a BMW i3 owner. You qualify for electric vehicle discounts, safety features discounts, good driver discounts and bundling discounts when combining auto and home policies.
- 5Consider alternative car insurance types
BMW i3 owners might benefit from usage-based insurance programs like Progressive Snapshot or Allstate Drivewise. These telematics options track safe driving habits and deliver premium reductions based on your actual driving behavior.
- 6Check rates every year
Obtain car insurance quotes from multiple companies annually to ensure you're getting the best deal. Your current insurer doesn't notify you when competitors lower their prices, so regular comparisons could save up to 24% on your BMW i3 insurance.
BMW i3 Insurance Cost: Bottom Line
BMW i3 insurance runs about average in cost, though you'll find decent rates with some effort. Compare quotes from multiple insurers and claim available discounts to secure competitive pricing for your electric vehicle.
BMW i3 Insurance Rates: FAQ
What is the average cost of car insurance for a BMW i3?
BMW i3 insurance costs $1,234 annually for minimum coverage and $2,403 yearly for full coverage. This electric vehicle offers below-average insurance rates compared to national standards.
What company has the cheapest car insurance for a BMW i3?
Geico provides the most affordable minimum coverage for a BMW i3 at $780 annually. The insurer also offers the best value for full coverage at $1,699 per year.
Are BMW i3s expensive to insure?
No, BMW i3 insurance is not more expensive than most vehicles. Among hatchbacks, this model places 41st out of 52 for affordability, while ranking 526th out of 827 total vehicles we track.
What factors affect insurance costs for BMW i3s?
Multiple factors influence BMW i3 insurance rates, though costs remain relatively reasonable. Specialized electric vehicle parts increase repair expenses, but advanced safety features often qualify for premium discounts. Low theft rates help reduce comprehensive coverage costs, while your driving record, credit score and chosen coverage levels impact your final premium.
How can I lower BMW i3 insurance costs?
Compare quotes from multiple insurers since BMW i3 pricing differs between companies, and explore usage-based programs that monitor your driving habits. Claim available discounts, bundle policies with the same insurer and maintain a clean driving record to secure better rates.
How We Determined BMW i3 Insurance Costs
We analyzed hundreds of millions of quote estimates for U.S. vehicle models from 2000 to 2025 to provide the most accurate BMW i3 insurance costs.
Who We Based These Rates On
These BMW i3 rates reflect what an average driver pays:
- Age 40, unmarried male
- Clean record: no tickets or crashes
- Credit score in a good range
- Has never made an insurance claim
- Puts about 12,000 miles on the odometer yearly
- Has a valid driver's license with no suspensions on record
Coverage Definitions
- Minimum coverage: State-required liability limits
- Full coverage: 100/300/100 liability + comprehensive/collision with $1,000 deductibles
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.