BMW i8 Car Insurance Cost 2025
The average cost of insuring a BMW i8 is approximately $3,050 annually. However, the exact premium depends on various factors, including your age, location, driving history, and the model year of your car. For a more accurate estimate tailored to your profile, refer to our detailed quote tables below.
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If you’re thinking about buying a BMW i8, one crucial consideration is the insurance cost. On average, insurance for a BMW i8 costs $3,050 per year. 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 A BMW i8 Car Insurance Cost?
BMW i8 drivers typically pay an average of $3,050 annually for car insurance. However, individual rates may vary depending on factors such as location, driving record, and chosen coverage options.
It’s important to note that car insurance costs can vary widely due to several factors, such as location, driving history, the model year of your vehicle, and the type of coverage you select. Maintaining a clean driving record can help lower your premiums, while a history of traffic violations or accidents may result in higher costs.
Urban areas with heavy traffic often have higher insurance rates compared to rural locations with less traffic. Additionally, the coverage type you choose will significantly impact your premium—comprehensive insurance, which includes collision and other protections, typically costs more than minimum liability coverage.
As illustrated in the table below, the insurance cost for a BMW i8 is higher than the average cost for all Audi models and exceeds the average for all cars.
| Vehicle | Average Monthly Premium |
| Audi A4 | $369 |
| All Audis | $200 |
| All Cars | $175 |
Average Insurance Cost Of BMW i8 By Model Year
| Model Year | Average Premium |
| 2020 BMW i8 | $4,321 |
| 2019 BMW i8 | $2,861 |
| 2018 BMW i8 | $2,596 |
| 2017 BMW i8 | $4,868 |
| 2016 BMW i8 | $3,452 |
| 2015 BMW i8 | $4,773 |
| 2014 BMW i8 | $5,375 |
2020 BMW i8 Insurance Rates
The average annual insurance cost for a 2020 BMW i8 is $4,321. However, Farmers offers the cheapest rates, averaging $3,050 per year.
| 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
The average annual insurance cost for a 2019 BMW i8 is $2,861. However, Hastings Mutual Insurance Co offers the cheapest rates, averaging $2,048 per year.
| 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
The average annual insurance cost for a 2018 BMW i8 is $2,596. However, Direct Auto offers the cheapest rates, averaging $1,967 per year.
| 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
The average annual insurance cost for a 2017 BMW i8 is $4,868. However, Texas Farm Bureau Group offers the cheapest rates, averaging $1,527 per year.
| 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 |
Find Affordable BMW i8 Insurance Rates
2016 BMW i8 Insurance Rates
The average annual insurance cost for a 2016 BMW i8 is $3,452. However, Virginia Farm Bureau offers the cheapest rates, averaging $1,070 per year.
| 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
The average annual insurance cost for a 2015 BMW i8 is $4,773. However, Direct Auto offers the cheapest rates, averaging $1,330 per year.
| 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
The average annual insurance cost for a 2014 BMW i8 is $5,375. However, California Capital offers the cheapest rates, averaging $2,754 per year.
| 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 |
Find Affordable BMW i8 Insurance Rates
Is A BMW i8 Expensive To Insure?
Insuring a BMW i8 is generally more expensive than the average cost for all cars. However, the exact amount you’ll pay for car insurance depends on several factors, including your age, the age of your vehicle, your location, and additional personal details. These variables influence your premium by affecting the perceived risk to the insurance company.
Cost of BMW i8 Car Insurance By Age
Age is a crucial factor in determining car insurance premiums. Teenagers often face the highest rates due to their higher likelihood of being involved in accidents compared to other age groups. As drivers age and gain experience, they generally become lower insurance risks, leading to a gradual reduction in premiums.
| 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
Where you live plays a significant role in how insurance companies calculate rates. Each state regulates its own auto insurance; for example, Michigan drivers tend to pay higher premiums because the state mandates higher levels of coverage. Additionally, each location has a unique climate. Some states experience extreme weather, such as hurricanes, storms, and flooding.
Moreover, each area has its own statistics on crime and auto accidents, including car thefts, crashes, and vehicle fatality rates. Insurance companies consider all of these factors when calculating your exact BMW i8 insurance rate.
| 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 |
Find Affordable BMW i8 Insurance Rates
Cheapest Car Insurance Companies For A BMW i8
If you’re looking to purchase a new car insurance policy for your BMW i8, then you might want to know who the cheapest insurance companies are.
For drivers solely looking for the most affordable policy, Mapfre offer a $30 per month premium, making them the cheapest provider for a BMW i8. However, rates can fluctuate based on your driver profile, so this rate is just an average. In order to find the affordable rates for your profile, the best thing to do is shop around and compare quotes.
| Company | Average Monthly Rate |
| Hugo | $57 |
| Clearcover | $42 |
| MetLife | $49 |
| MetroMile | $33 |
| Mapfre | $30 |
Common BMW i8 Insurance Discounts
Discounts offer a fantastic opportunity to reduce your car insurance expenses. Many providers have their own unique discounts, but there are some common ones to consider:
- Multi-policy discounts: Bundling your auto and home insurance with a single provider often leads to reduced rates.
- Pay annually: Paying your entire premium upfront, rather than opting for monthly installments, can lower your overall cost.
- Defensive driving courses: Completing a certified defensive driving program may qualify you for discounts with many insurers.
In addition to these, there are likely other discounts available depending on your provider and circumstances. It’s a good idea to discuss your eligibility with your insurance agent to uncover all the options that could apply to you.
Ways To Save On BMW i8 Insurance Costs
Maintaining a clean driving record is one of the most effective ways to lower BMW i8 insurance costs. A speeding ticket or involvement in an accident can result in higher premiums. For example, BMW i8 drivers with a ticket on their record typically pay $98 per month, while those with multiple accidents may see premiums average $207 per month. Avoiding such incidents can significantly reduce your insurance expenses.
Additionally, low annual mileage can lead to lower insurance costs for BMW i8 drivers. Those who drive less pose a lower risk of accidents, making them cheaper to insure. BMW i8 drivers traveling between 2,500 and 5,500 miles per year generally pay around $89 per month for insurance, whereas those exceeding 10,000 miles annually face an average cost of $118 per month.
Compare BMW i8 To Other BMW Models
Looking for other BMW model insurance costs?
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Our Methodology
To calculate average car insurance costs, Insuranceopedia analyzed thousands of quotes from top auto insurance providers. The sample profile used in this analysis represented a 40-year-old male driver purchasing full-coverage car insurance with coverage limits of $100,000 in property damage liability, $100,000 in bodily injury liability, and a $1,000 deductible. It is essential to note that the figures presented in this guide are averages and may not reflect your individual insurance costs, which can vary based on factors unique to your profile.
Quotes Analyzed
Brands Reviewed
Research Hours
Years Of Experience
FAQs
Do You Need Insurance Before You Can Purchase A BMW i8?
You must provide proof of insurance before driving your BMW i8 off the dealership lot. It is recommended to purchase a policy in advance and inform your insurance company about your upcoming car purchase. This approach is often more cost-effective and flexible compared to getting insurance directly through the dealership.
How Can You Get The Cheapest Insurance For Your BMW i8?
To secure the cheapest insurance rates for your BMW i8, it’s essential to shop around and compare quotes from various auto insurance providers. Insuranceopedia simplifies this process by allowing you to compare rates from multiple companies conveniently on their website, helping you find the best deal tailored to your needs.
