2020 BMW M8 Car Insurance Calculator

Understand how changes to risk factors and vehicle options affect car insurance rates for a 2020 BMW M8. Make changes to factors like annual miles driven, vehicle usage, and gender of the driver to see how your rate changes. Know immediately if the choices you make are positive or negative.

The average estimated car insurance premium for a 2020 BMW M8 is $3,448 per year, or about $287 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$3,448

Cost Per Month

$287

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

BMW M8 Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a 2020 BMW M8.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$3,448
Average Rate
Your Rate
$3,448

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

The 'Average Rate' is a combined value for all 2020 BMW M8 trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2020 BMW M8 is $3,448.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2020 BMW M8 vs. the Midsize Luxury Car Segment

The table below compares insurance rates for the 2020 BMW M8 against all other models in the midsize luxury car segment. The BMW M8 is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the BMW M8, with green values denoting cheaper rates and red values indicating more expensive rates compared to the BMW M8.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2020 BMW M8 Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Acura ILX$1,886-$1,562
2Lexus RC 300$2,168-$1,280
3Mercedes-Benz SLC300$2,230-$1,218
4Lexus ES 350$2,238-$1,210
5Lincoln MKZ$2,248-$1,200
6Mercedes-Benz AMG CLA45$2,268-$1,180
7Jaguar XE$2,272-$1,176
8Lexus IS 300$2,276-$1,172
9Audi A3$2,316-$1,132
10Cadillac CT5$2,354-$1,094
11Audi S5$2,414-$1,034
12Lexus GS 350$2,478-$970
13Mercedes-Benz E350$2,488-$960
14Lexus ES 300H$2,526-$922
15Audi S4$2,550-$898
16BMW 530i$2,558-$890
17BMW 540i$2,582-$866
18Mercedes-Benz CLA250$2,598-$850
19Genesis G80$2,604-$844
20Audi A6$2,614-$834
21Mercedes-Benz E450$2,644-$804
22BMW 430i$2,666-$782
23Mercedes-Benz CLS450$2,700-$748
24Jaguar XF$2,702-$746
2020 Midsize Luxury Car Average$2,704-$744
25BMW 440i$2,796-$652
26Mercedes-Benz AMG C43$2,804-$644
27Mercedes-Benz SL450$2,822-$626
28Audi RS 5$2,838-$610
29Audi S6$2,898-$550
30Infiniti Q50$2,926-$522
31BMW 530e$2,942-$506
32Lexus GS F$3,016-$432
33Mercedes-Benz AMG C63$3,056-$392
34BMW M550i$3,110-$338
35Mercedes-Benz SL550$3,136-$312
36Tesla Model S$3,192-$256
37Audi A7$3,236-$212
38Lexus LC 500H$3,320-$128
39Audi S7$3,444-$4
40BMW M8$3,448--
41BMW M5$3,494$46

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2020 M8 Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2020 BMW M8.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2020 BMW M8 Insurance Rates by Trim Level
2020 BMW M8 Trim Level Annual Premium Cost Per Month
Coupe$3,424$285
Gran Coupe Sedan$3,430$286
Convertible$3,490$291

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2020 BMW M8 for different driver ages.

2020 BMW M8 Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$12,050$1,004
17$11,791$983
18$10,779$898
19$9,727$811
20$7,500$625
21$7,156$596
22$6,437$536
23$5,205$434
24$4,949$412
25$4,022$335
30$3,700$308
35$3,536$295
40$3,448$287
45$3,206$267
50$3,024$252
55$2,826$236
60$2,836$236
65$3,030$253
70$3,236$270
75$3,756$313
80$4,628$386

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all BMW M8 trim levels.