View 2015 BMW i3 Insurance Cost

Shoppers have options when shopping for low-cost BMW i3 insurance. They can either spend hours contacting agents to get rate comparisons or leverage the internet to compare rates.

There is a better way to buy insurance coverage and we’ll show you the quickest way to get price quotes on a BMW and get the lowest price from local insurance agents and online providers.

If you have a current insurance policy or need a new policy, you can learn to find the best rates while maximizing coverage. This information will instruct you on how to get online quotes. Consumers just need to understand the proper methods to compare price quotes over the internet.

Take advantage of discounts

Car insurance is not cheap, but you may find discounts to reduce the price significantly. Some trigger automatically when you quote, but some may not be applied and must be manually applied prior to receiving the credit. If they aren’t giving you every credit possible, you’re just leaving money on the table.

  • Resident Student – Any of your kids who attend school more than 100 miles from home without a vehicle on campus can receive lower rates.
  • Good Student – This discount can get you a discount of up to 25%. The discount lasts up to age 25.
  • Driver’s Ed – Make teen driver coverage more affordable by requiring them to successfully complete driver’s ed class if it’s offered in school.
  • Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to use their safety belts could save 15% off the personal injury premium cost.
  • Anti-theft System – Cars that have factory anti-theft systems are stolen less frequently and will save you 10% or more.

It’s important to note that most credits do not apply the the whole policy. The majority will only reduce specific coverage prices like medical payments or collision. Just because it seems like adding up those discounts means a free policy, it doesn’t quite work that way. Any amount of discount will cut the cost of coverage.

Companies that may have some of the above discounts include:

Check with each insurance company how you can save money. Savings might not be offered in every state.

How to Get Insurance

There are several ways to shop for BMW i3 insurance, but there is one way that is less time-consuming than others. You can spend your afternoon driving to insurance agencies in your area, or you could use online quotes to accomplish the same thing much quicker.

Many popular insurance companies belong to a marketplace where prospective buyers send in one quote, and each company provides a quote for coverage. This eliminates the need for repetitive form submissions for each company you want a rate for.

To enter your information into the quoting system, click here (opens in new window).

The only downside to pricing coverage this way is buyers cannot specifically choose which providers you want to price. So if you want to select individual companies to request quotes from, we have a page of low cost insurance companies in your area. Click here for list of insurance companies.

It’s up to you which method you use, but make sure you use apples-to-apples coverages and limits on every quote you get. If you have unequal deductibles or liability limits it will be impossible to find the best deal for your BMW i3.

How to know if you need help

When it comes to buying the right insurance coverage for your personal vehicles, there really is no “best” method to buy coverage. Coverage needs to be tailored to your specific needs.

For example, these questions can aid in determining if your situation would benefit from an agent’s advice.

  • Do I need replacement cost coverage on my 2015 BMW i3?
  • Does having multiple vehicles earn me a discount?
  • Is my 2015 BMW i3 covered for smoke damage?
  • Can I rent a car in Mexico?
  • Should I have a commercial auto policy?
  • How much liability do I need to cover my assets?
  • Are my tools covered if they get stolen from my vehicle?
  • What is the minimum liability in my state?

If you don’t know the answers to these questions but you know they apply to you, then you may want to think about talking to an agent. If you want to speak to an agent in your area, fill out this quick form. It is quick, free and may give you better protection.

Learn about insurance coverages for a 2015 BMW i3

Knowing the specifics of your insurance policy can help you determine which coverages you need for your vehicles. Policy terminology can be impossible to understand and reading a policy is terribly boring.

Liability auto insurance

This protects you from damages or injuries you inflict on a person or their property in an accident. It protects YOU from legal claims by others, and does not provide coverage for your injuries or vehicle damage.

It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. You commonly see liability limits of 25/50/25 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and a total limit of $25,000 for damage to vehicles and property. Some companies may use one limit called combined single limit (CSL) which limits claims to one amount without having the split limit caps.

Liability coverage protects against things such as funeral expenses, medical services and structural damage. How much liability coverage do you need? That is your choice, but consider buying higher limits if possible.

Comprehensive insurance

This coverage covers damage caused by mother nature, theft, vandalism and other events. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims such as vandalism, fire damage, theft, damage from getting keyed and hitting a deer. The maximum amount you can receive from a comprehensive claim is the ACV or actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Collision insurance

Collision coverage pays to fix your vehicle from damage resulting from colliding with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.

Collision coverage protects against things like rolling your car, hitting a parking meter and colliding with another moving vehicle. Collision is rather expensive coverage, so consider dropping it from lower value vehicles. Drivers also have the option to choose a higher deductible to bring the cost down.

Uninsured/Underinsured Motorist (UM/UIM)

This coverage provides protection from other motorists when they are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your 2015 BMW i3.

Since a lot of drivers carry very low liability coverage limits, it doesn’t take a major accident to exceed their coverage limits. This is the reason having UM/UIM coverage should not be overlooked. Normally these limits are similar to your liability insurance amounts.

Med pay and Personal Injury Protection (PIP)

Med pay and PIP coverage pay for immediate expenses such as pain medications, rehabilitation expenses and prosthetic devices. They are often used to fill the gap from your health insurance policy or if you lack health insurance entirely. It covers you and your occupants and also covers if you are hit as a while walking down the street. Personal Injury Protection is not universally available and gives slightly broader coverage than med pay

Have the Midas touch

When buying insurance coverage, you should never sacrifice coverage to reduce premiums. There have been many cases where an insured cut uninsured motorist or liability limits only to regret that a couple dollars of savings turned into a financial nightmare. Your aim should be to get the best coverage possible at a price you can afford while not skimping on critical coverages.

We just covered a lot of ways to reduce 2015 BMW i3 insurance prices online. The key thing to remember is the more companies you get rates for, the more likely it is that you will get a better rate. Consumers could even find that the biggest savings come from a small mutual company.

Consumers switch companies for a number of reasons such as lack of trust in their agent, policy cancellation, being labeled a high risk driver or unfair underwriting practices. Whatever your reason, finding a new company is pretty easy and you might even save some money in the process.

Helpful information