In-depth reviews

BMW i3 costs, insurance, warranty & tax

The BMW i3 is pricier than some less premium rivals, but day-to-day running costs are similarly low

Overall rating

3.0 out of 5

Running costs & insurance rating

4.0 out of 5

Price
£32,900 - £35,900
Fuel Type:
Electric
Insurance groupWarrantyService intervals2021/22 company-car cost (20%/40%)
28-293yrs / unlimited miles2yrs / 18,000 milesFrom £73 / £146

The BMW i3 is expensive to buy, especially if you’re trying to balance driving distance against cost. The Hyundai Kona Electric goes further on a full charge for a similar price, while the Nissan Leaf and Renault ZOE look even better value. No rival has either the prestige or contemporary design cool of the BMW, of course, and the i3’s success suggests drivers are prepared to pay for that privilege.

Charging an i3 overnight will cost little more than a couple of pounds, while company-car drivers enjoy 1% Benefit-in-Kind (BiK) tax for the 2021/22 financial year, rising to 2% during 2022/23. London drivers also benefit from free entry to the Congestion Charge zone until 2025.

BMW i3 insurance group

Group 28 (for the i3) and 29 (for the i3s) insurance ratings mean premiums won't be cheap compared to conventional city cars.

Warranty

The three-year/unlimited-mileage warranty for BMW i models also includes an eight-year/100,000-mile guarantee for the battery. Warranty extensions are available too, as long as servicing is done on time.

Servicing

The BMW i3 service plan costs just £239 annually and includes full diagnostic checks and parts replacement if required for electrical items.

Road tax

There’s no road tax (officially known as Vehicle Excise Duty, or VED) to pay on a BMW i3, thanks to its zero CO2 emissions.

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