Are BMW I3 Expensive To Insure?

Make sure your auto insurance is priced as affordably as possible. Compare the best quotations

It pays to browse around and compare prices for BMW i3 insurance from various carriers. By comparing prices, you can boost your chances of finding the best offers as various insurance providers may charge different premiums for the same vehicle.

The average annual cost of insurance for a BMW i3 is $1,673, which is $246 more expensive than the national average.

Depending on the company, the cost of insurance for a BMW i3 might vary by as much as $1,131 annually.

The cost of car insurance varies by model year, and older vehicles may be less expensive to insure. Older models aren’t offered because the BMW i3 is a brand-new automobile.

Insurance for a BMW i3 typically costs $199. Look for further benefits to safeguard this electric at this pricing.

The average monthly cost of insurance for a BMW i3 is $198.69, or roughly $2,385 yearly, according to data we gathered from top insurance providers when we requested quotations for auto insurance. Your real charges, however, will vary according on your driving history, car model and year, ZIP code, and many considerations. And depending on the safety features your car has and the insurer you choose, some older models may cost more to insure than others.

Is insurance for the i3 expensive?

How much does insurance for a BMW i3 cost? To compare costs to comparable compact luxury cars, we examine insurance rates for the i3 sedan starting at the base model and going up to the S Range Extender model.

  • Average annual premiums for BMW i3 insurance come to $1,646, or roughly $137 per month for full coverage.
  • In comparison to the rest of the segment, the i3’s average annual insurance cost is $46 less, making it one of the more affordable small premium automobiles.
  • The standard Sedan model of the BMW i3 has insurance that costs an estimated $1,616 annually, or roughly $135 monthly.

Is BMW insurance more expensive?

The price of a BMW goes beyond its higher-than-average MSRP. BMW car insurance runs $1,788 a year, or 25% more than insurance for a regular vehicle. You should exercise caution when looking for a policy because BMW insurance is more expensive than the average.

How much does it cost to maintain a BMW i3?

The BMW i3 is a fantastic choice for individuals seeking a more environmentally friendly vehicle because it is an all-electric vehicle. However, compared to more conventional BMWs, the i3 will need slightly different upkeep, which will cost owners an average of $1,173 a year.

The most common fault with the 2017 BMW i3 is that the adaptive cruise control does not function well, despite the requirement for more specialized maintenance. Despite this, the i3 remains one of BMW’s most dependable cars. Electrical issues are also reportedly occurring. There haven’t been enough reported problems, yet, to calculate an average repair cost. The i3 has also been subject to recalls, the most recent of which was for the 2019 model year due to a potential crash-causing unexpected power shutdown.

How much does a BMW 5 Series insurance policy cost?

When shopping for auto insurance for your BMW 5 Series, it is advantageous to shop about and compare quotes to make sure you get the best deals. Different insurers may charge you differently depending on your model year and driving history.

Insuring a BMW 5 Series typically costs $1,502 a year, which is $75 more than the national average.

Depending on the provider, the cost of BMW 5 Series insurance might vary by as much as $731 annually.

Depending on the age of your vehicle, the cost of insurance for a BMW 5 Series can vary by as much as $718 annually, with older vehicles often having lower insurance costs.

Are Mercedes insurance premiums high?

The bad news is that Mercedes-Benz auto insurance is more expensive than the national average. The good news is that you can get a fantastic bargain by looking around. A Mercedes-Benz’s typical annual auto insurance cost is $2,639 ($219/month). The brand is now the fourth-most expensive to insure among automakers.

Is the BMW i3 a trustworthy vehicle?

Is a pre-owned BMW i3 hatchback trustworthy? The i3 placed fourth out of nine electric vehicles in its class, receiving a score of 94.1% in our most recent dependability study. A solid achievement for BMW as a brand, placing 13th out of 30 manufacturers.

Is the BMW i3 being phased out?

After nine years of production, BMW has declared that the i3 is no longer being made, putting an end to the inventive and long-lasting little electric car.

Just a few weeks after the model reached a production run of more than a quarter of a million, the final i3 came off the production line in Leipzig, Germany. Ten units of the i3 HomeRun Edition, an ultra-exclusive special edition model with the company’s “Frozen paint finish,” have been ordered to commemorate the event.

The i3 was originally seen by the public in concept form at the Frankfurt Motor Show in 2011, and when the production vehicle was introduced in 2013, it substantially resembled the show-car design.

The upright proportions, glass tailgate, two-tone paint job, and dipping shoulder line all deviated from the typical BMW design cues that customers had grown accustomed to. It launched BMW’s new “i” sub-brand, which was one of the factors contributing to the bizarre appearance.

Rear-hinged doors are always interesting, and they undoubtedly contributed to the i3’s personality, along with the interior. The technology was updated over the course of its existence to keep it feeling modern. The interior itself featured a low dash and window line for a light and airy atmosphere.

A custom platform made of a combination of aluminum, magnesium, and carbon fiber is positioned below the i3 to keep weight at just over a tonne. Due to the lack of weight, the vehicle’s ultimate fully-electric design had a maximum range of 190 miles.

The UK’s police, fire, and ambulance services all adopted the i3 due to its popularity with emergency services.

There won’t be a direct replacement for the i3, and a completely electric version of the 3 Series saloon is anticipated to receive the i3 badge. The iX1, an electric variant of the new X1 SUV, will be the company’s entry-level EV model.

How much does a BMW i3 battery replacement cost?

  • On eBay, a battery pack for a BMW i3 that had a capacity of 22 kWh at one point but is now only about 17.14 kWh is going for $2,500. This works out to about $145 per kWh. A
  • According to a 2016 BMW study, a new i3 battery would cost roughly $16,000. This was for the 22 kWh packs used in the 2013–2016 model years, which came out to $727 per kWh in actual 2016 currency. A
  • According to a 2015 InsideEV study, a 21.6 kWh battery pack would cost $13,725 or $635 per kWh. These costs were computed using data from an internet parts retailer. A

What is the battery warranty for a BMW i3?

BMW provides an 8 year, 100,000 mile warranty against errors or severe battery degradation. The guarantee provides protection from degradation that exceeds 70% of the coverage. With the sale of the car, the remaining warranty is also transferable. Although many of these do not cover battery replacements, supplemental insurance is available for certified pre-owned i3 purchases.

How far can a BMW i3 travel?

The Bolt EV’s 60.0-kWh battery and its EPA rating of 259 miles dwarf the i3’s 42.2-kWh battery pack’s 153-mile all-electric driving range rating. Similar to the Model 3, the Model 3 has a maximum range of 353 miles on its largest battery. However, only the i3 features a range-extension generator that starts when the battery’s charge drops below 5 percent and is powered by gasoline.

How long will the battery in a BMW i3 last?

The typical battery life of a 2021 BMW i3 is three to five years, however this might vary depending on factors including driving style, weather, battery type, and more.

How frequently does a BMW i3 need maintenance?

Compared to gasoline or diesel vehicles, the majority of electric vehicles require far less regular maintenance. For the Renault Zoe2, for instance, Renault recommends intervals of 18,000 miles as opposed to 9,000 miles for its petrol vehicles.

Like combustion-engined vehicles, Volkswagen electric vehicles, such as the ID.3 and ID.4, have a defined maintenance plan, with the first inspection necessary after two years. After that, a service is advised to be performed annually or every 18,000 miles, whichever comes first.

Hyundai’s petrol and hybrid vehicles have identical electric vehicle service plan intervals at 10,000-mile intervals in the first year, 20,000 miles in the second year, and so on, depending on which milestone is reached first. The service intervals for the BMW i3 are two years or 18,000 miles.

The fact that almost all auto manufacturers provide an electric vehicle service plan makes servicing an electric vehicle easier. Similar to a cell phone contract, they can be paid monthly or up front and give you access to a set list of features.

For three years and 30,000 miles, Renault’s Zoe electric car service plan costs PS299, compared to PS499 for a petrol or diesel car over the same time period.

Service contracts for Audi’s selection of E-tron models start at a one-time cost of PS299.25. This covers one servicing, one replacement of the pollen filter, and one brake fluid replacement. For a 2.0-liter combustion model, a service package costs PS449.25.

Vauxhall provides a core electric car service for the first year of ownership starting at PS90 and going up to PS239 with the addition of a cabin filter check. The three years of servicing that come with a new Vauxhall EV, however, should save you from having to pay anything.

The first, second, and third yearly services, two years of Vauxhall Roadside Assistance, and the first MOT are all included in a brand-new combustion Vauxhall service plan, which starts at PS19 per month for a three-year term.

Generally speaking, ‘wear and tear’ items like brake parts, tires, and windscreen wiper blades are not covered by service plans.

Additionally, you might be able to lower the expense of maintaining your EV. For instance, driving for extended periods of time with a battery charge of less than 20 percent can reduce battery life.

An EV battery typically comes with an eight-year warranty. The technical warranty for the automobile itself, which is often three, five, or seven years, is far shorter than this, which is reassuring.

While under warranty, an electric vehicle must be serviced by a franchised dealer. Once this has passed, though, you might discover that it is less expensive to take it to a separate garage for repairs. Finding a specialist qualified to perform maintenance can be more difficult because EV technology is still relatively new, but the good news is that it’s not insurmountable.

Is insurance for electric vehicles more expensive?

Insurance for an electric vehicle could be more expensive than insurance for a conventional gas vehicle. Due to their higher cost and more complicated equipment, electric cars may be more expensive to fix or replace after an accident. For those whose policies include comprehensive and collision insurance, this could result in higher rates. Higher insurance premiums can be mitigated, though, by tax breaks and long-term fuel and maintenance savings.

How much does servicing a BMW cost?

Remove the Band-Aid now. Every 10,000 miles, BMW owners may anticipate paying between $150 and $400 per service. A significant service may cost up to $3,000 or more. In the end, owners spend more on maintenance and repairs than most brands, between $1,000 and $1,700 annually.

You may always purchase an extended warranty, either directly from BMW or through a third-party service contract, if you’re concerned about future ownership costs. Standard BMW maintenance expenditures are not covered by a car warranty, but it will cover pricey items that are more prone to break over time.

We’ve combed the market and selected a handful of the top third-party extended vehicle warranty companies because there are many possibilities for extended coverage. These are businesses who did well in regards to things like price, standing, and customer support.

To help you reduce your out-of-pocket vehicle ownership costs, compare the best BMW extended warranty packages above.