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
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.
Model year and insurer both affect what you pay. Minimum coverage for the i3 costs $65 a month with GEICO and $154 with UAIC. Full coverage costs $142 with GEICO and $360 with AIG. That's a difference of more than $89 on minimum and $218 on full coverage.
Each company prices i3 risk differently, so the same driver can get a very different quote depending on where they look.
| 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?
The BMW i3 ranks 41st out of 53 hatchbacks for insurance affordability in MoneyGeek's analysis. 40 hatchbacks cost less to insure, putting the i3 just above the Chevrolet Sonic and just below the Kia Forte.
Hatchbacks are expensive to insure across the board. The i3's 526th-place ranking out of 827 total vehicles puts it in the pricier half of all cars. The Saab 9-3 is the cheapest hatchback to insure and the Cadillac Celestiq carries the highest premiums in the 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: At $1,023 a year, the i3 ranks second cheapest to maintain among BMW's 30 models.
- Vehicle Trim, Features and Accessories: The i3 produces 170 to 180 horsepower and reaches 60 mph in about 7 seconds. Higher-performance trims cost more to insure because they carry higher repair costs and greater risk exposure.
- Driver Profile: Most i3 drivers are in their 40s and 50s, a demographic that tends to produce cleaner records and lower rates. The vehicle's performance profile can also attract higher-risk driving behavior, which insurers factor in.
BMW i3 Insurance Cost by State
Minimum coverage for the i3 costs $45 a month in Wyoming and $207 in Louisiana. That $162 gap comes from each state's risk profile and regulations, not the vehicle.
| 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 |
| 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 |
How to Lower the Cost of BMW i3 Insurance
Here is how to find better rates on BMW i3 insurance:
- 1Choose the right coverage
How much coverage you need depends on whether you own, finance or lease. If you own, pair state minimum liability with comprehensive and collision at a $1,000 deductible. For more protection, go to 100/300/100 liability with a $500 deductible. If you're financing or leasing, you'll need 100/300/100 liability, comprehensive and collision at a $500 deductible and gap insurance.
- 2Research costs and cheap companies
Check average auto insurance costs for electric vehicles before you shop so you know what a fair rate looks like. Use that number to evaluate the cheapest car insurance companies for your area.
- 3Look beyond the rate
Rate alone won't tell you whether a car insurance company is worth choosing. Check J.D. Power satisfaction scores, Better Business Bureau complaints and AM Best financial ratings.
- 4Check every discount you qualify for
i3 owners are likely to qualify for several car insurance discounts: EV, safety features, good driver and bundling. Ask about each one specifically when you get quotes.
- 5Consider alternative car insurance types
Usage-based programs such as Progressive Snapshot and Allstate Drivewise track driving behavior and lower premiums for safe drivers. They're worth exploring if your annual mileage is low.
- 6Check rates every year
Pull car insurance quotes from several companies each year. Your insurer won't tell you when a competitor drops prices, but shopping annually can save up to 24% on i3 coverage.
BMW i3 Insurance Cost: Bottom Line
i3 insurance costs about average for its class. Comparing quotes across insurers and stacking available discounts can get your rate to the lower end of that range.
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?
EV parts are expensive to replace, which pushes repair costs up. Safety features pull rates in the other direction by qualifying for discounts and reducing accident risk.
The i3 also has low theft rates, which helps keep comprehensive coverage costs down. Your driving record, credit score and coverage level all affect the final number.
How can I lower BMW i3 insurance costs?
Get quotes from several insurers because i3 rates vary enough between companies that shopping around makes a real difference. Look at usage-based programs if your mileage is low, stack every discount you qualify for, bundle policies where you can and keep your record clean.
How We Determined BMW i3 Insurance Costs
MoneyGeek analyzed hundreds of millions of quote estimates for U.S. vehicle models from 2000 to 2025 to determine BMW i3 insurance costs.
Who We Based These Rates On
BMW i3 rates in this analysis are based on a 40-year-old unmarried male with:
- No tickets or crashes
- Good credit
- No prior claims
- 12,000 miles driven yearly
- A valid license with no suspensions
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 (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has spent nearly a decade analyzing the market, first at LendingTree and now at MoneyGeek, where he has produced original research on hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
He writes about economics and insurance on MoneyGeek so people can make coverage decisions with confidence. His insurance insights have been featured in The Washington Post, The New York Times and NPR, among other media outlets.
Like all MoneyGeek analysts, he draws on independent cost and consumer experience data, and no insurance company partnership influences his recommendations.
Fitzpatrick earned his degrees from Johns Hopkins University (M.A. Economics and International Relations) and Boston College (B.A.) and began his career in financial risk management at State Street. He's also a five-time Jeopardy champion!