BMW i3 Insurance

You have many choices when trying to find low-cost insurance for your BMW vehicle. You can either buy through your neighborhood insurance agent or get quotes online to check prices from a lot of auto insurance companies. Finding cheaper auto insurance through online companies saves time, is easy to do, in addition you will probably save money.

Finding the best direct price on auto insurance can be complicated if you are a beginner to online quotes. Don't let that stop you because there is an easy way to compare rates. Getting lower i3 insurance cost is not a difficult process. The only thing you need to do is invest a little time comparing rates online from several insurance companies. It is quite easy and can be accomplished by completing this short form.

FREE Car Insurance Comparison

Criteria which help determine your insurance rates

Insurance rates for your BMW i3 can vary widely and are calculated by many factors. A few of these criteria are:

High performance increases premiums
Any accidents you may have
Home/auto policy bundles save money
Pleasure, commuting or business use can affect rates
Young drivers cost more
Having a spouse can save money
Optional coverages like vehicle replacement
No claims lowers premiums
No coverage lapses saves money
Owning a home can lower rates

One last important factor which can affect the rate you pay on your BMW is the year of manufacture. New vehicles have a higher actual cash value so the costs to repair can inflate annual premiums. Conversely, more recent BMW vehicles may have options such as adaptive cruise control, autonomous braking, and lane departure warning system which can give discounted rates.

To get a better idea how much rates will be for your vehicle, select the year of your i3 from the following list.

Coverage for liability

This will cover injuries or damage you cause to other's property or people that is your fault. Liability coverage pays for claims such as funeral expenses, loss of income, and emergency aid. It is cheap coverage so purchase higher limits if possible.

Coverage for collisions

This will pay to fix damage to your BMW resulting from colliding with another vehicle or an object, but not an animal. You will need to pay your deductible then the remaining damage will be paid by your insurance company. Collision coverage makes up a good portion of your premium, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. It's also possible to choose a higher deductible to bring the cost down.

Comprehensive coverage (or Other than Collision)

Comprehensive insurance coverage pays to fix your vehicle from damage caused by mother nature, theft, vandalism and other events. You first must pay your deductible then the remaining damage will be covered by your comprehensive coverage. The maximum payout a auto insurance company will pay at claim time is the cash value of the vehicle, so if the vehicle's value is low it's not worth carrying full coverage.

Protection from uninsured/underinsured drivers

This coverage protects you and your vehicle from other drivers when they are uninsured or don't have enough coverage. Since a lot of drivers have only the minimum liability required by law, it doesn't take a major accident to exceed their coverage limits. So UM/UIM coverage should not be overlooked.

Insurance for medical payments

Personal Injury Protection (PIP) and medical payments coverage kick in for bills for things like ambulance fees, surgery, and doctor visits. They are utilized in addition to your health insurance policy or if you do not have health coverage. PIP coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage.

How Much are BMW i3 Insurance Rates?

BMW I3 Insurance Quotes