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
Updated: January 29, 2026
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.
The differences (more than $143 for minimum coverage and $353 for full coverage) highlight why comparing insurers matters for BMW i8 owners. Each company calculates model-specific risk differently, which impacts your final rate.
| 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?
Sports cars are notoriously expensive to insure, and MoneyGeek's analysis of 115 sports cars shows the BMW i8 ranking 79th for affordability. That means 36 vehicles cost less to insure, positioning it just a few dollars per month pricier than a McLaren 765LT and slightly cheaper than an Aston Martin Vantage. It's essentially middle-tier among performance vehicles.
However, the broader picture tells a different story. The BMW i8 ranks 763rd out of 827 total cars in our database, placing it among the most expensive 25% of vehicles to insure. While the Mazda MX-5 Miata claims the cheapest sports car spot, the Rolls Royce La Rose Noire commands the highest premiums in the category.
| 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 repair costs average $2,123 annually, ranking as the 9th most expensive BMW model to maintain out of 30. While repairs aren't cheap, this positions it in BMW's more affordable maintenance tier.
- Vehicle Trim, Features and Accessories: The i8's impressive 369 horsepower and 4.2-second 0-60 acceleration directly impact insurance premiums. Higher performance capabilities increase rates due to elevated repair costs and risk factors that concern insurers.
- Driver Profile:Â Most BMW i8 owners fall between the ages of 40 and 50 with higher incomes, securing better rates due to improved risk profiles. However, the i8's performance reputation attracts risk-taking behaviors that raise insurer concerns. Read more about the costs of BMW i8s for young drivers.
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. Â
- 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
You'll need to decide how much coverage to buy for your BMW i8. If you own your BMW outright, get your state's minimum liability requirements plus comprehensive and collision with a $1,000 deductible to lower premiums. Want enhanced protection? Consider 100/300/100 liability coverage with comprehensive and collision at a $500 deductible. Financing or leasing requires 100/300/100 liability limits, comprehensive and collision with a $500 deductible, plus gap insurance.
- 2Research costs and cheap companies
Learn what you should pay by researching average auto insurance costs for performance sedans. This benchmark assists with shopping for the cheapest car insurance companies with competitive rates. Understanding typical costs for your BMW i8 prevents overpaying and helps identify genuinely good deals from reputable insurers.
- 3Look for more than just low rates
Selecting reliable car insurance means evaluating insurers beyond their quotes. Check J.D. Power satisfaction ratings, examine forum feedback on claims processing, review Better Business Bureau complaints and confirm AM Best financial stability. Budget insurers might offer limited coverage or slower service, which could cost more when you need to file a claim on your BMW i8.
- 4Explore discounts you qualify for
Discover car insurance discounts that apply to your situation. BMW i8 owners often get safety features discounts for advanced driver assistance systems, bundling savings for combining auto and home policies, good driver rewards for clean records, and anti-theft discounts for factory security systems. These savings can reduce your premium costs.
- 5Consider alternative car insurance types
BMW i8 owners might benefit from usage-based insurance programs like Progressive Snapshot or Allstate Drivewise that track safe driving habits and deliver premium reductions. Since the i8 is often a weekend or occasional-use vehicle, these programs can offer substantial savings based on your actual driving patterns and behaviors.
- 6Check rates every year
Obtain car insurance quotes from multiple companies annually. Your insurer doesn't notify you when competitors lower their prices, so yearly comparisons could save up to 24% on your BMW i8 insurance. Market conditions change frequently, and new discounts or company rate adjustments can create better opportunities for savings.
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?
Multiple factors increase BMW i8 insurance costs . The vehicle's advanced hybrid technology and specialized parts make repairs expensive, while its luxury status attracts thieves. Your driving record, credit score, and chosen coverage levels also heavily influence your premium rates.
How can I lower BMW i8 insurance costs?
Compare quotes from multiple insurers since BMW i8 pricing differs between companies, and explore usage-based programs that monitor your driving behavior. Claim available discounts, bundle policies with the same carrier, and maintain a clean driving record to secure better rates.
How We Determined BMW i8 Insurance Costs
We analyzed hundreds of millions of quote estimates for U.S. vehicle models from 2000 to 2025 to provide the most accurate BMW i8 insurance costs.
Who We Based These Rates On
These BMW i8 rates reflect what an average driver pays:
- Age 40, unmarried male
- Clean record: no tickets or crashes
- Credit score 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. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in 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!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.