Best Car Insurance for BMW I3 Rex 2022

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Best insurance for BMW I3 Rex

One of the biggest factors determining your auto insurance rates is the model of car you drive. When setting your insurance premiums, providers consider how much it will cost them to replace or repair your vehicle.
Within each make, insurance premiums will vary as well because each model will have a different price, safety rating, and reliability standard—all of which impact your car insurance premiums.
Jerry is the insurance broker app that helps people save money on their car insurance quickly and easily.
Drivers save as much as 31% per year insuring their BMW I3 Rex when they switch insurance providers with Jerry.
Want more proof? Here are some real quotes for BMW I3 Rex drivers after switching with Jerry.
Quote DateZip CodeStateCityAgeInsurance Company
Before Jerry
After Jerry
2021-01-2578757TXAustin32National General$2,748$2,124
2021-03-2833132FLMiami44Progressive$1,764$984
2021-06-2960638ILChicago25National General$3,000$1,752
2021-09-2991910CAChula Vista42ClearCover$3,300$1,176
2021-06-0280913COFort Carson26Allstate$8,232$4,272
Use Jerry to compare the insurance prices of up to 50+ carriers in only 45 secondsFind savings now

How much does it cost to insure a BMW I3 Rex

The average annual cost to insure a BMW I3 Rex is $2,975, which is $435 lower than the average annual cost to insure BMWs. The base cost of your vehicle will make an impact on your insurance rates—in general, a more expensive car will have higher coverage costs.
The price of your premiums also is impacted by what coverage you choose.
No-fault states require you to carry personal injury protection, as well. This coverage kicks in to pay for your party’s medical bills and lost income no matter who caused the accident.
Other states may mandate uninsured motorist coverage which will cover your costs if you are in an accident with an uninsured or underinsured driver.
Most states also require varying amounts of liability insurance, which covers damage to other drivers (bodily injury liability) and their cars (property damage liability) if you are at fault in an accident.

Insurance coverage to consider for a BMW I3 Rex

While the mandatory liability coverage will be the cheapest option to insure your I3 Rex, it’s a good idea to carry more than the minimum insurance.
Most drivers will opt for full-coverage insurance, which will further protect you and your car if you’re in an accident or your car is damaged by another event.
Full-coverage insurance includes: Collision coverage, which pays for damage to your vehicle that happens as a result of an accident with another vehicle or stationary object Comprehensive coverage, which pays for damages not due to a collision, such as vandalism or severe weather

What determines your car insurance cost for a BMW I3 Rex

In addition to the car you drive and the policy you choose, other factors will have a major impact on your monthly premiums. Providers will consider your demographics, as well as features specific to your vehicle when determining your rates.
Here are some factors that may impact your auto insurance premiums.

Your age

The cost of insurance for a BMW I3 Rex will vary depending on your age. In general, drivers will have higher auto insurance premiums than older drivers because of their lack of driving experience and the higher accident rate for drivers under 25. That said, teenage drivers will see higher insurance rates for a BMW I3 Rex than 20-year-old drivers as costs will continue to decrease as drivers gain experience. Here are average costs of insurance for Jerry customers who drive a BMW I3 Rex:
Age Groups
Average Cost
Annual Savings with Jerry
21-24$6,900$5,118
25-34$2,984$640
35-44$2,708$1,166
55-64$7,278$6,534
65+$1,740$792

The year of your car

Not only does your age impact the rate you pay for your car insurance premiums, but your car’s age also is a factor. Because cars depreciate over time—generally losing 60% of their value in the first five years—the cost of car insurance premiums for a BMW I3 Rex will be lower for an older car. These are real quotes Jerry has found for drivers of a BMW I3 Rex based on model year:
Model year
Average Cost
Annual Savings with Jerry
2019$1,680$848
2017$3,360$1,424
2016$6,900$5,118
2015$2,915$672
2014$2,889$1,050

Your carrier

While all insurance companies will consider similar factors when setting your car insurance premiums, each provider uses its own formula to set your rates. Therefore, you can find drastically different premiums depending on the provider—even for the exact same coverage. It’s smart to compare policies from multiple providers before purchasing insurance so you know you’re always getting the best price for the coverage you need. Here are quotes for Jerry users who drive a BMW I3 Rex with different carriers:
Insurance company
Average Cost
Annual Savings with Jerry
Aspire Advantage$6,900$5,118
ClearCover$3,338$1,688
Bristol West$3,300$905
Dairyland$1,740$792
National General$2,993$774
Progressive$1,787$601
Plymouth Rock$2,336$574
Metlife$2,760$500
Mercury$3,444$389
Infinity$1,056$80

Trim levels and vehicle materials

The BMW I3 Rex comes in several trim levels—versions of the same car with different features—and opting for a higher trim could mean you’re getting a car with more premium features.
However, those upgrades will come at an extra cost. Not only will the cost of your vehicle be higher, but premium qualities—like a flashy infotainment system, higher horsepower engine, or luxury finishings—will raise your insurance costs, as well. Furthermore, some features—like an upgraded sound system—will require their own insurance policy in case of damage, theft, or vandalism.
If you’re looking to save money on car insurance, it may be a good idea to stick to the base trim for a BMW I3 Rex.

How can I save money when insuring my BMW I3 Rex

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