Insurance premiums for a BMW i8 average $335 monthly for full coverage and $169 for minimum coverage. Depending on your trim and model year, you'll pay between $131 and $600 monthly.
BMW i8 Insurance Cost
Key Takeaways
Progressive offers the cheapest BMW i8 insurance on average, though full coverage costs vary widely by model year and company, averaging $335 monthly. Read more
Sports cars face higher premiums due to performance capabilities and theft risk, making the i8 expensive compared to most vehicles despite ranking 79th out of 115 sports cars for affordability. Read more
Teen drivers on your policy make model year specificity even more important when shopping for the most accurate BMW i8 insurance rates. Read MoneyGeek's analysis of rates by company for specific i8 model years, depending on the age of the drivers
How Much Is BMW i8 Insurance?
Looking for another BMW model? Read more about the cost of BMW car insurance models.
Insurance rates for a BMW i8 depend on model year and insurer. Full coverage goes from $194 monthly with UAIC to $547 with AIG, while minimum coverage spans $112 with Progressive to $255 with Farmers.
Minimum coverage rates vary by more than $143 between insurers for the BMW i8. Full coverage varies by more than $353. Each company calculates model-specific risk differently, so your rate depends on who you ask.
| 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 |
Is BMW i8 Expensive to Insure?
Among 115 sports cars, the BMW i8 ranks 79th for affordability, so 36 sports cars cost less to insure. It costs a few dollars a month more than a McLaren 765LT and a few less than an Aston Martin Vantage.
Across all 827 vehicles in MoneyGeek's database, the i8 ranks 763rd, putting it in the most expensive 25% overall. The Mazda MX-5 Miata is the cheapest sports car to insure. The Rolls Royce La Rose Noire is the most expensive.
| Rolls Royce Dawn | $248 | 76 |
| Ferrari FF | $248 | 77 |
| Mclaren 765LT | $251 | 78 |
| BMW i8 | $252 | 79 |
| Aston Martin Vantage | $254 | 80 |
| Aston Martin DB12 | $257 | 81 |
| Mclaren 720S | $264 | 82 |
Several factors affect what you'll pay for BMW i8 insurance:
- Average Repair or Replacement Costs: BMW i8 repairs average $2,123 a year, 9th most expensive among 30 BMW models. That's mid-tier for BMW maintenance costs, but still high enough to push premiums up.
- Vehicle Trim, Features and Accessories: The i8's 369 horsepower and 4.2-second 0 to 60 time raise premiums. Higher performance means higher repair costs and a greater statistical risk of a claim.
- Driver Profile: Most i8 owners are 40 to 50 with higher incomes, a profile that typically gets lower rates. The i8's performance reputation can draw higher-risk drivers, which insurers price in. BMW i8 costs for young drivers are broken out by model year and age.
BMW i8 Insurance Cost by State
Car insurance for a BMW i8 costs anywhere from $73 per month in Wyoming to $345 in Louisiana for minimum coverage. Your state's risk factors and insurance regulations create these differences, not the vehicle itself.
| 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 Costs by Model Year and Insurance Company
The model year of your BMW i8 impacts your insurance premiums, along with your driver age on your policy. A 35- to 55-year-old driver pays around $337 monthly for full coverage on a 2014 BMW i8 versus $259 for a 2020 model. Newer vehicles cost more to insure, and drivers in their teens or early twenties face much steeper rates across all model years.
Progressive offers the lowest BMW i8 insurance rates across all model years and could save you hundreds monthly.
- 2020 BMW i8 Insurance Rates
- 2019 BMW i8 Insurance Rates
- 2017 BMW i8 Insurance Rates
- 2016 BMW i8 Insurance Rates
- 2015 BMW i8 Insurance Rates
- 2014 BMW i8 Insurance Rates
Cost of Car Insurance for 2020 BMW i8
| Progressive | $84 | $159 |
| The Hartford | $110 | $188 |
| Kemper | $116 | $241 |
| Nationwide | $117 | $203 |
| National General | $130 | $266 |
| Travelers | $143 | $265 |
| Geico | $144 | $318 |
| UAIC | $146 | $181 |
| State Farm | $179 | $380 |
| AAA | $206 | $430 |
| AIG | $217 | $540 |
| Allstate | $230 | $448 |
| Chubb | $231 | $451 |
| Amica | $253 | $521 |
| Farmers | $261 | $457 |
Cost of Car Insurance for 2019 BMW i8
| Progressive | $74 | $140 |
| The Hartford | $98 | $166 |
| Kemper | $102 | $213 |
| Nationwide | $103 | $179 |
| National General | $115 | $235 |
| Travelers | $127 | $234 |
| Geico | $127 | $281 |
| UAIC | $129 | $160 |
| State Farm | $158 | $336 |
| AAA | $182 | $380 |
| AIG | $191 | $477 |
| Allstate | $203 | $396 |
| Chubb | $205 | $399 |
| Amica | $223 | $460 |
| Farmers | $231 | $404 |
Cost of Car Insurance for 2017 BMW i8
| Progressive | $69 | $130 |
| The Hartford | $91 | $155 |
| Kemper | $95 | $198 |
| Nationwide | $96 | $167 |
| National General | $107 | $219 |
| Travelers | $118 | $217 |
| Geico | $118 | $261 |
| UAIC | $120 | $148 |
| State Farm | $147 | $312 |
| AAA | $169 | $353 |
| AIG | $178 | $443 |
| Allstate | $189 | $368 |
| Chubb | $190 | $371 |
| Amica | $208 | $428 |
| Farmers | $214 | $375 |
Cost of Car Insurance for 2016 BMW i8
| National General | $221 | $453 |
| The Hartford | $225 | $383 |
| Kemper | $225 | $467 |
| Geico | $230 | $506 |
| Travelers | $254 | $469 |
| Progressive | $264 | $499 |
| State Farm | $292 | $613 |
| UAIC | $306 | $376 |
| Chubb | $307 | $615 |
| Nationwide | $336 | $586 |
| Amica | $363 | $746 |
| AAA | $363 | $772 |
| Allstate | $399 | $772 |
| AIG | $399 | $988 |
| Farmers | $437 | $772 |
BMW i8 Insurance Cost by Trim
Insurance costs for your BMW i8 range from $169 monthly for minimum coverage on Coupe models to $337 for full coverage on high-performance Convertible variants. Performance features and market value create these dramatic cost differences between trim levels.
| Coupe | $169 | $335 |
| Convertible | $169 | $337 |
How to Lower the Cost of BMW i8 Insurance
We've pulled together strategies to help you find affordable BMW i8 insurance rates:
- 1Choose the right coverage
How much coverage you need depends on how you own the car. If you own it outright, state minimum liability plus comprehensive and collision with a $1,000 deductible keeps premiums lower. For more coverage, go with $100,000/$300,000/$100,000 liability and a $500 deductible. If you're financing or leasing, lenders require $100,000/$300,000/$100,000 liability, comprehensive and collision with a $500 deductible and gap insurance.
- 2Research costs and cheap companies
Check average auto insurance costs for performance vehicles before you shop. That number tells you whether a quote is competitive. Use it alongside a list of the cheapest car insurance companies to spot genuine deals.
- 3Look for more than just low rates
Price isn't everything with car insurance. Check J.D. Power satisfaction ratings, Better Business Bureau complaints and AM Best financial stability scores. Forum feedback on claims handling is also worth reading. A cheap policy with slow or disputed claims can cost more than a slightly higher premium from a reliable insurer.
- 4Explore discounts you qualify for
Check every car insurance discount before buying. BMW i8 owners commonly qualify for safety features discounts on advanced driver assistance systems, bundling discounts for combining auto and home, good driver discounts for clean records and anti-theft discounts for factory security systems.
- 5Consider alternative car insurance types
Usage-based programs like Progressive Snapshot or Allstate Drivewise track your driving and lower premiums for safe habits. The i8 is often a weekend or occasional-use vehicle, so programs priced on actual mileage can cut costs.
- 6Check rates every year
Get car insurance quotes from multiple companies each year. Insurers don't tell you when competitors drop their prices. Annual comparisons can save up to 24% because rate adjustments and new discounts appear throughout the year.
BMW i8 Insurance Cost: Bottom Line
BMW i8 insurance costs more than average, but you can still secure decent rates. Shopping multiple insurers, claiming available discounts and adjusting your coverage options will help you find better pricing.
BMW i8 Insurance Rates: FAQ
What is the average cost of car insurance for a BMW i8?
BMW i8 insurance averages $2,030 annually for minimum coverage and $4,024 for full coverage. Monthly costs run $169 for state minimum and $335 for comprehensive protection.
What company has the cheapest car insurance for a BMW i8?
Progressive provides the most affordable minimum coverage for a BMW i8 at $1,341 annually. UAIC offers the best value for full coverage at $2,330 per year.
Are BMW i8s expensive to insure?
Yes, BMW i8 insurance costs more than most vehicles to insure. Out of 827 vehicles we track, the i8 ranks 763rd for affordability, though it places 79th out of 115 sports cars.
What factors affect insurance costs for BMW i8s?
The BMW i8's advanced hybrid technology and specialized parts make repairs expensive. Its luxury status makes it a theft target. Your driving record, credit score and coverage level all affect your rate.
How can I lower BMW i8 insurance costs?
Compare quotes from at least three insurers because BMW i8 pricing varies between companies. Ask about usage-based programs that track your driving. Claim every available discount, bundle policies with the same carrier and keep your record clean.
How We Determined BMW i8 Insurance Costs
We analyzed hundreds of millions of quote estimates for U.S. vehicle models from 2000 to 2025.
Who We Based These Rates On
Our baseline is a 40-year-old unmarried male with a clean record, good credit, no prior claims, a valid license with no suspensions and about 12,000 miles driven a year.
Coverage Definitions
- Minimum coverage: State-required liability limits
- Full coverage: $100,000/$300,000/$100,000 liability with comprehensive and collision coverage and a $1,000 deductible
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident insurance expert. He has spent nearly a decade analyzing the market, first at LendingTree and now at MoneyGeek, where he produces original research on hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
He covers economics and insurance at MoneyGeek, and his work has been featured in The Washington Post, The New York Times and NPR, among other outlets.
Like all MoneyGeek analysts, he draws on independent cost and consumer experience data. No insurance company partnership influences his recommendations.
Mark holds a B.A. from Boston College and an M.A. in Economics and International Relations from Johns Hopkins University. He started his career in financial risk management at State Street and is also a five-time “Jeopardy!” champion.