BMW i8 Car Insurance Cost
To insure a BMW i8, the annual cost is approximately $3,050 through Farmers. However, this expense can vary based on factors such as age, the car’s model year, and other considerations. You can utilize the quote tables provided below to determine a more accurate estimate of your insurance premiums.
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If you’re thinking about buying a BMW i8, one crucial consideration is the insurance cost. Insurance is a significant aspect of owning a car, and it’s essential to understand the financial implications before making a purchase.
Selecting the right car insurance policy is vital to avoid unexpected and potentially high expenses in the future. Having inadequate coverage during an accident can lead to significant out-of-pocket costs. Additionally, there’s a risk of increased premiums if you’re deemed at fault.
Having analyzed car insurance rates for over a decade, I’ve observed considerable variation in costs. Factors like your age, driving history, and even your location can significantly impact insurance premiums.
How Much Does BMW i8 Car Insurance Cost?
Typically, Farmers provides the most competitive price, averaging $3,050 annually for full coverage insurance on a 2020 BMW i8.
While Hanover’s pricing sets a solid standard, it’s crucial to recognize that car insurance costs can vary significantly based on several factors. These factors include your location, driving record, the model year of your car, and the specific coverage options you select. Maintaining a clean driving history can result in lower premiums, whereas a record of accidents or traffic violations can drive up your expenses.
Moreover, residing in an urban area with heavy traffic may lead to higher rates compared to rural regions with less traffic. Additionally, the type of coverage you opt for will influence your premium – full coverage insurance, which encompasses comprehensive and collision coverage, typically costs more than minimum liability coverage.
Insuranceopedia is available to assist you in comparing quotes from various insurance companies to ensure you secure the most suitable and affordable coverage.
2020 BMW i8 Insurance Rates
| Insurance Provider | Average Annual Cost |
| USAA | $3,363 |
| Country | $5,759 |
| West Bend Mutual | $4,780 |
| Farmers | $3,050 |
| State Farm | $3,321 |
| Allied | $6,166 |
| Farm Bureau Mutual (IA Group) | $4,185 |
| American Family | $3,842 |
| Auto Club Group | $4,352 |
| Auto-Owners Insurance Co | $4,391 |
2019 BMW i8 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Hastings Mutual Insurance Co | $2,048 |
| Auto Club Group | $2,967 |
| American Family | $2,439 |
| Esurance | $3,288 |
| Auto-Owners Insurance Co | $3,186 |
| SECURA Insurance | $2,102 |
| Pekin Insurance | $3,452 |
| Erie | $2,863 |
| Mercury | $3,402 |
| California Capital | $2,319 |
2018 BMW i8 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Direct Auto | $1,967 |
| SECURA Insurance | $2,086 |
| West Bend Mutual | $2,325 |
| Pekin Insurance | $2,394 |
| Esurance | $2,438 |
| California Capital | $2,732 |
| American Family | $2,789 |
| Hastings Mutual Insurance Co | $3,061 |
| Country | $3,071 |
| Western National | $3,092 |
2017 BMW i8 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Chubb | $5,510 |
| Farmers | $7,153 |
| Permanent General | $6,882 |
| California Capital | $3,057 |
| Hartford | $4,982 |
| Mercury | $4,041 |
| State Farm | $6,421 |
| USAA | $5,619 |
| Texas Farm Bureau Group | $1,527 |
| Esurance | $3,492 |
2016 BMW i8 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Mercury | $4,261 |
| Penn National | $1,904 |
| California Capital | $2,732 |
| Esurance | $5,595 |
| Erie | $3,330 |
| Virginia Farm Bureau | $1,070 |
| New Jersey Manufacturers | $4,445 |
| Travelers | $1,546 |
| Hartford | $5,340 |
| Cincinnati Insurance | $4,297 |
2015 BMW i8 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Travelers | $3,405 |
| Safeco | $1,595 |
| Liberty Mutual | $5,061 |
| United Automobile Ins Group | $5,655 |
| Direct Auto | $1,330 |
| California Capital | $4,901 |
| American Independent Ins Co | $6,554 |
| State Farm | $6,593 |
| Erie | $5,806 |
| National General | $6,825 |
2014 BMW i8 Insurance Rates
| Insurance Provider | Average Annual Cost |
| State Farm | $5,951 |
| Texas Farm Bureau Group | $2,789 |
| Unitrin | $7,186 |
| CSAA | $8,180 |
| United Automobile Ins Group | $3,634 |
| California Capital | $2,754 |
| Allied | $3,336 |
| Hartford | $5,366 |
| 21st Century | $8,105 |
| Mercury | $6,446 |
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Cost of BMW i8 Car Insurance By Age
| Age | Good Driver | Recent Accident | Poor Credit |
| 17 | $20,878 | $30,646 | $35,784 |
| 18 | $19,419 | $28,541 | $33,430 |
| 19 | $17,197 | $25,241 | $29,529 |
| 20 | $15,011 | $22,035 | $25,693 |
| 21 | $12,550 | $18,469 | $21,577 |
| 22 | $12,237 | $17,986 | $21,049 |
| 23 | $10,684 | $15,753 | $18,349 |
| 24 | $10,201 | $14,949 | $17,487 |
| 25 | $8,760 | $12,894 | $15,114 |
| 30 | $6,883 | $10,075 | $11,785 |
| 35 | $6,374 | $9,391 | $11,014 |
| 40 | $6,113 | $9,066 | $10,581 |
| 45 | $6,029 | $8,842 | $10,300 |
| 55 | $5,522 | $8,023 | $9,399 |
| 65 | $5,727 | $8,410 | $9,894 |
| 75 | $7,280 | $10,577 | $12,438 |
BMW i8 Car Insurance Rates By State
| State | Good Driver | Recent Accident | Poor Credit |
| Alabama | $6,483 | $9,474 | $12,081 |
| Alaska | $5,398 | $7,450 | $7,284 |
| Arizona | $6,083 | $8,788 | $12,991 |
| Arkansas | $6,696 | $10,488 | $11,603 |
| California | $7,417 | $13,123 | $7,410 |
| Colorado | $6,918 | $9,701 | $12,367 |
| Connecticut | $8,844 | $13,807 | $17,447 |
| Delaware | $7,320 | $9,808 | $12,574 |
| Florida | $8,771 | $12,105 | $15,772 |
| Georgia | $7,163 | $10,686 | $10,767 |
| Hawaii | $2,816 | $3,859 | $2,853 |
| Idaho | $4,961 | $6,609 | $8,027 |
| Illinois | $5,228 | $7,863 | $8,981 |
| Indiana | $5,355 | $8,143 | $9,132 |
| Iowa | $4,218 | $5,811 | $6,834 |
| Kansas | $5,649 | $8,167 | $9,525 |
| Kentucky | $8,100 | $11,871 | $14,038 |
| Louisiana | $10,416 | $15,704 | $17,082 |
| Maine | $3,934 | $5,423 | $8,050 |
| Maryland | $6,393 | $9,282 | $10,316 |
| Massachusetts | $5,111 | $8,954 | $5,158 |
| Michigan | $12,289 | $18,813 | $29,669 |
| Minnesota | $5,097 | $6,775 | $9,526 |
| Mississippi | $6,118 | $8,757 | $8,843 |
| Missouri | $5,813 | $8,275 | $10,831 |
| Montana | $5,879 | $8,223 | $9,549 |
| Nebraska | $4,966 | $7,330 | $8,008 |
| Nevada | $8,176 | $12,169 | $12,797 |
| New Hampshire | $5,738 | $8,971 | $11,423 |
| New Jersey | $6,316 | $9,871 | $12,882 |
| New Mexico | $6,423 | $9,507 | $9,907 |
| New York | $5,903 | $7,517 | $12,515 |
| North Carolina | $3,675 | $6,287 | $4,484 |
| North Dakota | $5,040 | $7,670 | $9,018 |
| Ohio | $4,489 | $6,968 | $7,112 |
| Oklahoma | $7,213 | $10,291 | $11,583 |
| Oregon | $6,489 | $8,787 | $10,430 |
| Pennsylvania | $5,452 | $8,093 | $9,456 |
| Rhode Island | $9,136 | $13,455 | $15,118 |
| South Carolina | $6,200 | $8,649 | $11,962 |
| South Dakota | $5,587 | $8,048 | $9,334 |
| Tennessee | $6,556 | $9,695 | $12,873 |
| Texas | $6,635 | $9,531 | $11,885 |
| Utah | $5,634 | $7,886 | $10,863 |
| Vermont | $4,307 | $6,670 | $7,046 |
| Virginia | $4,093 | $6,301 | $6,185 |
| Washington | $5,416 | $7,308 | $8,741 |
| West Virginia | $5,446 | $7,796 | $9,718 |
| Wisconsin | $5,451 | $8,470 | $9,651 |
| Wyoming | $5,045 | $7,097 | $7,575 |
Compare BMW i8 To Other BMW Models
Looking for other BMW model insurance costs?
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Our Methodology
To ensure accurate and trustworthy insurance company ratings, I employed a detailed methodology. I assess numerous insurers, utilizing insights from reputable review sites and critical metrics from industry authorities such as A.M. Best and J.D. Power. With my 15 years of experience as an insurance agent, I enhance our analysis with firsthand knowledge, ensuring our ratings are reliable guides for your insurance decision-making process.
Quotes Analyzed
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