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BMW I3 Insurance Rates

Shopping for auto insurance by quoting online is easy and at the same time you will probably save money. The key is to compare rates from all providers so you can get the lowest prices.

Consumers not familiar with comparison shopping may think buying affordable i3 insurance is hard. Cutting your i3 insurance cost is a fairly straight forward process. Drivers just need to take a couple of minutes comparing rates from different insurance companies. This is very easy and can be done by completing this short form.

What factors impact the rate you pay?

Insurance rates paid to insure a BMW i3 will vary greatly based upon several criteria. Taken into consideration are:

  • Your driving record
  • Your credit history
  • Men typically pay more than women
  • Low deductibles cost more
  • Your vehicle's safety rating
  • No claims lowers premiums
  • Having current coverage saves
  • Whether you rent or own your home

One last important factor that will help determine the rate you pay on your BMW is the year of manufacture. New vehicles have a higher replacement value so repair costs are higher which will push premiums up. On the flip side, more recent BMW vehicles may have options like all-wheel drive, a rollover prevention system, and adaptive headlights so those may give discounted rates.

For you to have a better understanding of how rates are influenced for your specific model year, select the year of your vehicle from available model years below.

Liability coverages - Liability insurance will cover damages or injuries you inflict on a person or their property by causing an accident. Liability insurance covers things such as emergency aid, pain and suffering, and medical services. Liability insurance is relatively cheap so purchase as much as you can afford.

Collision - Collision coverage will pay to fix damage to your BMW from colliding with an object or car. You have to pay a deductible and then insurance will cover the remainder. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. It's also possible to choose a higher deductible to get cheaper i3 insurance rates.

Comprehensive coverages - This pays to fix your vehicle from damage that is not covered by collision coverage. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle's value is low it's not worth carrying full coverage.

UM/UIM Coverage - This protects you and your vehicle when other motorists are uninsured or don't have enough coverage. Due to the fact that many drivers have only the minimum liability required by law, it only takes a small accident to exceed their coverage. That's why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family.

Coverage for medical payments - Personal Injury Protection (PIP) and medical payments coverage provide coverage for expenses for things like doctor visits, EMT expenses, and X-ray expenses. They are used to cover expenses not covered by your health insurance plan or if you lack health insurance entirely. PIP is only offered in select states but it provides additional coverages not offered by medical payments coverage.

How Much are BMW i3 Insurance Rates?