2023 BMW M8 Car Insurance Calculator

Learn visually how changes to driver risk factors and vehicle options impact the cost of car insurance for a 2023 BMW M8. Customize factors such as policy coverages, liability limits, and deductibles to see how rates are affected. Instantly discover if the change you make has positive or negative consequenses.

The average estimated car insurance premium for a 2023 BMW M8 is $3,824 per year, or about $319 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

$3,824

Cost Per Month

$319

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 2023 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.

$3,824
Average Rate
Your Rate
$3,824

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 2023 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 2023 BMW M8 is $3,824.

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.

2023 BMW M8 vs. the Midsize Luxury Car Segment

The table below compares insurance rates for the 2023 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.

2023 BMW M8 Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Cadillac CT5$2,450-$1,374
2Lexus ES 350$2,460-$1,364
3Lexus ES 250$2,472-$1,352
4Lexus RC 300$2,482-$1,342
5Mercedes-Benz AMG CLA35$2,488-$1,336
6Audi A3$2,492-$1,332
7Mercedes-Benz AMG CLA45$2,546-$1,278
8Mercedes-Benz CLA250$2,554-$1,270
9Lexus IS 300$2,568-$1,256
10Jaguar XF$2,578-$1,246
11Audi S4$2,628-$1,196
12BMW i4$2,636-$1,188
13Mercedes-Benz E350$2,654-$1,170
14Lexus ES 300h$2,690-$1,134
15BMW 530i$2,742-$1,082
16Audi A6$2,798-$1,026
17Audi S5$2,802-$1,022
18BMW 540i$2,808-$1,016
19BMW 430i$2,856-$968
20Lexus IS 500$2,858-$966
21Mercedes-Benz E450$2,886-$938
22Genesis G80$2,892-$932
2023 Midsize Luxury Car Average$2,899-$925
23Mercedes-Benz CLS450$2,968-$856
24Mercedes-Benz EQE 350$2,988-$836
25Audi RS 5$2,996-$828
26BMW 530e$3,014-$810
27Audi S6$3,044-$780
28Mercedes-Benz AMG C43$3,048-$776
29BMW M440i$3,052-$772
30Mercedes-Benz EQE 500$3,056-$768
31Audi A7$3,176-$648
32Infiniti Q50$3,180-$644
33Lexus LC 500h$3,414-$410
34BMW M550i$3,420-$404
35Tesla Model S$3,498-$326
36Audi S7$3,520-$304
37BMW M5$3,624-$200
38BMW M8$3,824--

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.

2023 M8 Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2023 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.

2023 BMW M8 Insurance Rates by Trim Level
2023 BMW M8 Trim Level Annual Premium Cost Per Month
Competition Coupe$3,776$315
Competition Gran Coupe$3,790$316
Competition Convertible$3,910$326

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 2023 BMW M8 for different driver ages.

2023 BMW M8 Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$13,180$1,098
17$12,914$1,076
18$11,846$987
19$10,691$891
20$8,262$689
21$7,888$657
22$7,114$593
23$5,754$480
24$5,480$457
25$4,456$371
30$4,106$342
35$3,920$327
40$3,824$319
45$3,552$296
50$3,352$279
55$3,130$261
60$3,140$262
65$3,348$279
70$3,564$297
75$4,122$344
80$5,058$422

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.