BMW i8 insurance costs average $169 monthly for minimum coverage and $335 for full coverage. Depending on your particular trim and model year, costs can range from $131 to $600 monthly.
BMW i8 Insurance Cost
Updated: October 2, 2025
Key Takeaways
BMW i8 insurance premiums range from $131 to $600 monthly depending on your model year and trim level.
BMW i8 insurance affordability ranks 763rd among vehicle models sold in the United States from 2000-2025.
UAIC offers the cheapest BMW i8 full coverage at $194 monthly, while minimum coverage starts at $112 monthly.
How Much Is BMW i8 Insurance?
| BMW i8 | $169 | $335 |
BMW i8 Insurance Cost by Model Year
Your BMW i8 insurance rates depend on the model year and trim level you own, with newer vehicles generally costing more due to higher replacement values. Monthly premiums for this luxury sports car range from $131 for older models to $600 for newer variants.
| 2020 | $167 | $333 |
| 2019 | $148 | $294 |
| 2017 | $137 | $273 |
| 2016 | $305 | $600 |
| 2015 | $151 | $298 |
| 2014 | $131 | $258 |
BMW i8 Insurance Cost by Trim
Your BMW i8's trim affects insurance costs based on features, rarity, desirability and market value. Monthly premiums range from $169 to $337, with the Coupe and Convertible trims showing different rates for full coverage options despite similar minimum coverage costs.
| Coupe | $169 | $335 |
| Convertible | $169 | $337 |
Compare Personalized BMW i8 Insurance Costs
We've broken down BMW i8 insurance costs by model year and trim for personalized estimates.
Data filtered by:Results filtered by:
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Model Year:2014
Select
Trim:Coupe
| Coupe | $131 | $258 |
BMW i8 Insurance Cost by Company
BMW i8 insurance costs vary by provider from $161 to $384 monthly. Minimum coverage ranges from $112 to $255, while full coverage costs $194 to $547. Rates vary due to different risk assessment models.
| AAA | $206 | $433 |
| AIG | $220 | $547 |
| Allstate | $228 | $443 |
| Amica | $232 | $478 |
| Chubb | $207 | $407 |
| Farmers | $255 | $448 |
| GEICO | $138 | $304 |
| Kemper | $120 | $250 |
| Nationwide | $148 | $257 |
| Progressive | $112 | $211 |
| State Farm | $173 | $365 |
| The Hartford | $117 | $200 |
| Travelers | $143 | $265 |
| UAIC | $158 | $194 |
BMW i8 Insurance Cost by State
BMW i8 insurance varies by state, from $73 monthly in Wyoming to $726 in Louisiana. State regulations, weather risks and accident statistics affect these rates.
| Alabama | $135 | $267 |
| Alaska | $153 | $334 |
| Arizona | $177 | $339 |
| Arkansas | $136 | $302 |
| California | $158 | $324 |
| Colorado | $165 | $399 |
| Connecticut | $211 | $369 |
| Delaware | $199 | $337 |
| Florida | $165 | $388 |
| Georgia | $208 | $350 |
| Hawaii | $99 | $226 |
| Idaho | $101 | $207 |
| Illinois | $152 | $290 |
| Indiana | $102 | $203 |
| Iowa | $110 | $269 |
| Kansas | $127 | $297 |
| Kentucky | $192 | $332 |
| Louisiana | $345 | $726 |
| Maine | $102 | $213 |
| Maryland | $232 | $397 |
| Massachusetts | $161 | $350 |
| Michigan | $296 | $574 |
| Minnesota | $158 | $341 |
| Mississippi | $157 | $314 |
| Missouri | $222 | $443 |
| Montana | $127 | $323 |
| Nebraska | $129 | $296 |
| Nevada | $216 | $393 |
| New Hampshire | $132 | $240 |
| New Jersey | $233 | $387 |
| New Mexico | $129 | $288 |
| New York | $169 | $305 |
| North Carolina | $124 | $246 |
| North Dakota | $131 | $290 |
| Ohio | $121 | $239 |
| Oklahoma | $164 | $364 |
| Oregon | $158 | $276 |
| Pennsylvania | $162 | $381 |
| Rhode Island | $204 | $367 |
| South Carolina | $156 | $296 |
| South Dakota | $109 | $360 |
| Tennessee | $124 | $255 |
| Texas | $231 | $483 |
| Utah | $146 | $251 |
| Vermont | $98 | $238 |
| Virginia | $153 | $250 |
| Washington | $137 | $259 |
| West Virginia | $171 | $353 |
| Wisconsin | $114 | $257 |
| Wyoming | $73 | $219 |
BMW i8 Insurance Cost by Driver Profile
Your driving profile, especially your age and credit history, impacts BMW i8 insurance costs. Monthly premiums can reach $638 for drivers with bad credit, while adult drivers between 26-64 with clean records pay as little as $252 monthly for coverage.
| Adult Drivers | $169 | $335 |
| Young Drivers | $423 | $828 |
| Senior Drivers | $226 | $421 |
| Drivers With a Speeding Ticket | $210 | $419 |
| Drivers With an Accident | $248 | $486 |
| Drivers With a DUI | $317 | $619 |
| Drivers With Bad Credit | $421 | $856 |
Is a BMW i8 Expensive to Insure?
You might be concerned about BMW insurance costs given the vehicle's luxury status. Compared to the rest of the models on the U.S. market, a BMW i8 ranks 763rd out of 827, making it one of the more expensive cars to insure. Among sports cars, the model ranks 53rd out of 59.
| Mazda MX-5 Miata | $71 | $137 |
| Saturn Sky | $74 | $143 |
| Honda S2000 | $74 | $144 |
| Pontiac Firebird | $76 | $146 |
| Toyota Celica | $76 | $146 |
| Mazda RX-8 | $78 | $150 |
| Ford Thunderbird | $79 | $154 |
| Nissan 350Z | $82 | $158 |
| Pontiac Solstice | $82 | $159 |
| Chrysler Crossfire | $83 | $161 |
| Bmw Z3 | $85 | $165 |
| Porsche Boxster | $85 | $165 |
| Alfa Romeo 4C | $88 | $172 |
| Ford Mustang | $88 | $171 |
| Chevrolet SS | $91 | $177 |
| Scion FR-S | $94 | $181 |
| Cadillac XLR | $96 | $186 |
| Porsche Cayman | $96 | $186 |
| Chevrolet Camaro | $97 | $189 |
| Bmw Z4 | $98 | $190 |
| Fisker Karma | $98 | $190 |
| Nissan 370Z | $99 | $191 |
| Mercedes SLC | $102 | $199 |
| Toyota 86 | $103 | $199 |
| Toyota Supra | $104 | $203 |
| Chevrolet Corvette | $104 | $202 |
| Tesla Roadster | $107 | $208 |
| Mercedes SLK-Class | $111 | $214 |
| Subaru BRZ | $112 | $215 |
| Jaguar F-Type | $111 | $218 |
| Toyota GR86 | $112 | $217 |
| Bmw Z4 M | $113 | $222 |
| Bmw M6 | $117 | $230 |
| Mercedes SL | $119 | $233 |
| Karma Revero | $120 | $235 |
| Lexus LC | $120 | $235 |
| Bmw M2 | $124 | $242 |
| Dodge Viper | $130 | $253 |
| Nissan GT-R | $132 | $258 |
| Acura NSX | $132 | $259 |
| Mercedes CLE | $133 | $261 |
| Nissan Z | $136 | $267 |
| Bentley Continental | $136 | $268 |
| Porsche 718 | $138 | $271 |
| Dodge Charger | $141 | $272 |
| Audi R8 | $143 | $280 |
| Porsche Panamera | $146 | $287 |
| Bmw M4 | $150 | $294 |
| Porsche 911 | $151 | $297 |
| Bmw 8-series | $155 | $306 |
| Mercedes SLS-Class | $158 | $314 |
| Maserati Gran Turismo | $161 | $318 |
| Bmw i8 | $169 | $335 |
| Fiat 124 Spider | $182 | $353 |
| Dodge Challenger | $191 | $371 |
| Porsche Taycan | $231 | $454 |
| Karma Gysera | $284 | $556 |
| Karma Invictus | $300 | $588 |
| Karma Kaveya | $486 | $954 |
Factors That Affect BMW Car Insurance Costs
Several variables affect what you'll pay for BMW i8 insurance coverage:
- Age (45 to 65 median): Mature affluent buyers receive relatively favorable rates due to financial stability and lower risk profiles, though the i8's supercar performance characteristics offset age benefits.
- Gender (75%+ male): Strong male ownership skew for exotic sports cars correlates with higher premiums due to perceived risk-taking behaviors and aggressive driving patterns associated with high-performance vehicles.
- Income ($200,000 to $400,000+): Ultra-high-income buyers typically maintain maximum coverage limits and comprehensive policies, driving up premium costs but demonstrating lower default risk and ability to pay higher deductibles.
Average Repair or Replacement Costs
BMW ranks 33rd in repair affordability among 59 U.S. automakers with median annual costs of $1,423. BMW i8 repair costs average $2,123 annually, making it one of BMW's most expensive models to repair while still contributing to higher insurance premiums.
Vehicle Trim, Features and Accessories
The BMW i8 was produced as a single ultra-premium plug-in hybrid supercar with 369 horsepower from a turbocharged 1.5L three-cylinder engine plus dual electric motors. Available in both Coupe and Roadster variants (2018-2020), the i8 featured exotic materials including a carbon-fiber-reinforced plastic (CFRP) passenger cell, butterfly doors and aluminum construction.
The i8's unique construction combines cutting-edge materials, proprietary BMW eDrive hybrid technology, and limited production parts (only ~20,500 units worldwide), resulting in extremely high replacement costs that directly impact comprehensive and collision coverage premiums.
Fuel Type
The BMW i8's sophisticated plug-in hybrid system combines gasoline and electric power, offering 18-mile electric-only range and up to 76 MPG combined efficiency in optimal conditions. The 11.6 kWh lithium-ion battery (2018-2020 models) can be fully charged in 3.1 hours, while the turbocharged three-cylinder engine provides extended range beyond 300 miles total.
The hybrid technology, while innovative, increases both repair complexity and insurance premiums compared to conventional sports cars.
Location
BMW i8 owners are concentrated in affluent metropolitan areas with luxury car culture and environmental consciousness, particularly California, New York, Florida and Texas. As the world's best-selling electric sports car with fewer than 200 units sold in the US during 2020, i8s are extremely rare and typically found in high-income ZIP codes with exotic car communities.
Geographic location impacts i8 insurance costs through varying state regulations, climate considerations affecting hybrid systems and repair facility availability.
Driver Profile
BMW i8 drivers represent ultra-affluent collectors and enthusiasts aged 45 to 65 with household incomes of $200,000 to $400,000, combining BMW's traditional luxury demographic with early hybrid technology adopters and exotic car collectors.
Driver demographics affecting BMW i8 insurance rates:
Cheapest BMW i8 Insurance Companies
UAIC offers the most affordable full coverage car insurance for i8 owners at $194 monthly. If you only need minimum coverage for your i8, Progressive delivers the lowest rates at $112 per month.
| The Hartford | $117 | $200 |
| Progressive | $112 | $211 |
| UAIC | $158 | $194 |
| Kemper | $120 | $250 |
| Nationwide | $148 | $257 |
Cheapest BMW i8 Insurance by State
Overall, we found that the following are the top three cheapest car insurance providers in the state for a BMW i8:
- Progressive: Wins for affordability in 19 states
- Auto-Owners: Wins for affordability in four states
- American National: Wins for affordability in three states
You can filter below to see who offers the most affordable auto insurance rates for your BMW i8.
Data filtered by:Results filtered by:
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State:Alabama
| Alabama | Auto Owners | $74 |
How to Get the Best Cheap BMW i8 Insurance
Here's how to secure the best BMW i8 insurance rates and maximize your savings:
- 1
Choose the right coverage
Three things matter when choosing how much coverage to buy: what your BMW's worth, how much you drive and what you can afford to spend:
Tight budget (you own the car):
- Your state's minimum liability requirements
- Add comprehensive and collision with a $1,000 deductible
Want better protection (you own the car):
- 100/300/100 liability coverage
- Comprehensive and collision with a $500 deductible
Financing or leasing:
- 100/300/100 liability coverage
- Comprehensive and collision with a $500 deductible
- Gap insurance (most lenders require this)
*Coverage Limits Explained (100/300/100):
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage coverage
- 2
Research costs and cheap companies
Researching average auto insurance costs for your car will help you understand how much you're saving currently and with another provider. You can then find the cheapest car insurance companies.
- 3
Look for more than just low rates
To get the most balanced car insurance for your BMW i8, check forum reviews, J.D. Power customer satisfaction scores, Better Business Bureau complaint records and AM Best financial strength ratings while comparing coverage limits and deductibles.
Some low-cost insurers have slower claim processing times or limited coverage options that can leave you underinsured in an accident.
- 4
Explore discounts you qualify for
Finding the right discounts can reduce your BMW i8's insurance costs. Since i8 owners typically have higher household incomes and unique driving patterns, you're likely eligible for several money-saving opportunities.
- Multi-vehicle discount (20% to 25%): Most BMW i8 owners don't rely on their hybrid sports car as their only vehicle. The i8's limited 15-mile electric range and specialized nature make it more of a weekend cruiser or secondary car for many households. If you own multiple vehicles, bundling them under one policy can save. This discount works especially well for i8 owners who pair their hybrid sports car with a practical daily driver.
- Bundling/multi-policy discount (15% to 25%): BMW owners have high homeownership rates, with 90% owning their homes compared to just 64% to 67% of the general population. The median home value for BMW owners is $317,200, making them prime candidates for bundling savings. Combining your i8's auto policy with homeowners insurance can reduce both premiums. Given the luxury status of both your vehicle and home, this discount often provides substantial dollar savings.
- Good driver/safe driver discount (10% to 15%): BMW owners tend to be older, with a median age of 56 years old compared to 38 for the general population. This mature demographic typically maintains cleaner driving records, making them eligible for good driver discounts. You'll qualify for savings if you haven't had accidents or moving violations in the past three to five years. The i8's advanced safety features, including stability control, airbags and antilock brakes, also help you avoid crashes and maintain that clean record.
- Safety features discount (5% to 15%): Your BMW i8 comes equipped with modern safety technology that insurance companies reward. Safety features like stability control, airbags and antilock brakes can qualify the BMW i8 for insurance discounts. The i8's carbon fiber construction and advanced engineering create a safer driving experience, though the vehicle's performance capabilities mean you'll still pay premium rates.
- Low-mileage discount (5% to 25%): The BMW i8's specialized nature as a plug-in hybrid sports car means most owners don't use it for daily commuting. BMW i8 owners who drive fewer than 2,500 miles per year pay about $34 a month for insurance, while those driving over 10,000 miles annually face much higher premiums. If you drive your i8 fewer than 7,500 miles annually, you could qualify for low-mileage discounts.
- 5
Consider alternative car insurance types
BMW i8 owners should consider usage-based insurance or programs like Progressive Snapshot that reward safe driving habits with lower premiums.
- 6
Check rates every year
Comparing car insurance quotes from multiple sources can cut your BMW i8 insurance by up to 24%. Your best deal today might not exist next year, so make comparing rates an annual habit.
BMW i8 Insurance Cost: Bottom Line
Insuring a BMW i8 costs more than average. Shop multiple companies, look into discounts and consider different coverage options to get the best insurance rate for your car.
BMW i8 Insurance Rates: FAQ
Here are answers to common questions about insuring a BMW i8.
What is the average cost of car insurance for a BMW i8?
BMW i8 insurance costs $2,030 yearly for state minimum and $4,024 for full coverage.
What company has the cheapest car insurance for a BMW i8?
UAIC offers the most affordable full coverage car insurance for i8 owners at $194 monthly. If you only need minimum coverage for your i8, Progressive delivers the lowest rates at $112 per month.
Are BMW i8s expensive to insure?
Yes, BMW i8 insurance costs more than most cars. Out of 827 vehicles we track, the i8 ranks 763rd for affordability. It's also one of the most expensive sports cars to insure.
What factors affect insurance costs for BMW i8s?
Repairs cost more because of specialized parts and exotic materials, including carbon fiber and aluminum. Your driving record, credit score and coverage level you choose impact premiums. Areas with higher theft rates or fewer BMW-certified repair shops result in increased premiums.
How can I lower BMW i8 insurance costs?
Shop around with multiple insurers as rates vary for BMWs, and consider usage-based insurance programs that track your driving habits. Take advantage of discounts, bundle with other policies and maintain a clean driving record to qualify for the lowest premiums.
How We Determined BMW i8 Insurance Costs
We studied hundreds of millions of quote estimates across all car models sold in the U.S. from 2000 to 2025 to get you the most accurate BMW i8 insurance costs.
Who We Based These Rates On
These BMW i8 prices reflect what a typical driver pays:
- Age 40, unmarried male
- Clean record: no tickets or crashes
- Credit score is in a good range
- Has never made an insurance claim
- Puts about 12,000 miles on the odometer yearly
- Has a valid driver's license with no suspensions on record
Coverage Definitions:
- Minimum Coverage: State-required liability limits
- Full Coverage: 100/300/100 liability + comprehensive/collision with $1,000 deductibles
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.