2024 BMW M8 Car Insurance Calculator

Observe in real-time how changes to different risk factors impact car insurance rates for a 2024 BMW M8. Adjust rate factors like coverage deductibles, age of the driver, and policy discounts to see how insurance cost is affected. Immediately see if the option you change raises or lowers your rate.

The average estimated car insurance premium for a 2024 BMW M8 is $3,948 per year, or about $329 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

$3,948

Cost Per Month

$329

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 2024 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.

$3,948
Average Rate
Your Rate
$3,948

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 2024 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 2024 BMW M8 is $3,948.

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.

2024 BMW M8 vs. the Midsize Luxury Car Segment

The table below compares insurance rates for the 2024 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.

2024 BMW M8 Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Mercedes-Benz CLA250$2,410-$1,538
2Lexus IS 300$2,414-$1,534
3Lexus ES 350$2,446-$1,502
4Mercedes-Benz AMG CLA35$2,456-$1,492
5Lexus RC 300$2,462-$1,486
6Jaguar XF$2,476-$1,472
7Cadillac CT5$2,526-$1,422
8Lexus ES 250$2,534-$1,414
9Lexus ES 300h$2,572-$1,376
10Audi A3$2,634-$1,314
11Infiniti Q50$2,650-$1,298
12Mercedes-Benz AMG CLA45$2,682-$1,266
13Audi S4$2,692-$1,256
14Mercedes-Benz EQE 350$2,724-$1,224
15BMW i4$2,734-$1,214
16Lexus IS 500$2,770-$1,178
17BMW 530i$2,848-$1,100
2024 Midsize Luxury Car Average$2,874-$1,074
18Audi S5$2,890-$1,058
19BMW 540i$2,900-$1,048
20BMW 430i$2,940-$1,008
21BMW i5$2,960-$988
22Genesis G80$2,976-$972
23Mercedes-Benz EQE 500$3,008-$940
24Mercedes-Benz AMG C43$3,024-$924
25Audi A6$3,036-$912
26Tesla Model S$3,070-$878
27BMW 530e$3,100-$848
28Audi RS 5$3,106-$842
29Audi S6$3,128-$820
30BMW M440i$3,206-$742
31Audi A7$3,268-$680
32Lexus LC 500h$3,508-$440
33Audi S7$3,624-$324
34BMW M8$3,948--

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.

2024 M8 Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2024 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.

2024 BMW M8 Insurance Rates by Trim Level
2024 BMW M8 Trim Level Annual Premium Cost Per Month
Competition Coupe$3,896$325
Competition Gran Coupe$3,910$326
Competition Convertible$4,038$337

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 2024 BMW M8 for different driver ages.

2024 BMW M8 Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$13,554$1,130
17$13,283$1,107
18$12,196$1,016
19$11,008$917
20$8,513$709
21$8,130$678
22$7,334$611
23$5,935$495
24$5,653$471
25$4,598$383
30$4,240$353
35$4,046$337
40$3,948$329
45$3,666$306
50$3,460$288
55$3,228$269
60$3,240$270
65$3,454$288
70$3,672$306
75$4,240$353
80$5,200$433

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.