- BMW i8 insurance costs $4,074 per year for a full coverage policy, depending on the trim level.
- The cheapest BMW i8 insurance is on the Hybrid Coupe trim level at an average of $3,984 per year. The most expensive is the Hybrid Convertible at $4,162 annually.
- The BMW i8 is one of the more expensive sports cars to insure, costing $1,019 more per year on average when compared to the competition.
How much does BMW i8 insurance cost?
BMW i8 insurance cost averages $4,074 a year, or about $340 if paid each month. Drivers can plan on paying about $1,019 more per year for BMW i8 insurance compared to similar vehicles, and $1,798 more per year than the all-vehicle national average of $2,276.
The chart below illustrates how average BMW i8 car insurance rates vary with differences in driver age and physical damage deductibles.
Annual rates vary from as low as $2,730 per year for a 60-year-old driver with $1,000 comprehensive and collision deductibles to the most expensive rate of $9,858 each year for a driver age 20 with low physical damage deductibles.
The above chart detailed insurance rates for the 2021 BMW i8 model, so the table below breaks down average annual and semi-annual car insurance rates for the i8 back to the 2014 model year.
| Model Year and Vehicle | Annual Premium | Cost Per Month |
|---|---|---|
| 2021 BMW i8 | $4,074 | $340 |
| 2020 BMW i8 | $3,934 | $328 |
| 2019 BMW i8 | $3,796 | $316 |
| 2017 BMW i8 | $3,532 | $294 |
| 2016 BMW i8 | $3,290 | $274 |
| 2015 BMW i8 | $3,042 | $254 |
| 2014 BMW i8 | $2,884 | $240 |
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 BMW i8 trim levels for each model year. Updated October 24, 2025
What is the cheapest BMW i8 insurance?
With BMW i8 insurance cost ranging from $3,984 to $4,162 annually, the cheapest trim level to insure is the Hybrid Coupe. The Hybrid Convertible is the most expensive trim at $4,162 per year.
The rate table below shows the average cost of insurance for coupe and convertible trim levels for various policy terms.
| 2021 BMW i8 Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Hybrid Coupe | $3,984 | $332 |
| Hybrid Convertible | $4,162 | $347 |
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. Updated October 24, 2025
The i8 vs other sports cars: Which insurance is cheapest?
The BMW i8 ranks 22nd out of 24 comparison vehicles in the 2021 sports car class. The i8 costs an estimated $4,074 per year for full coverage insurance, while the category average rate is $3,055 annually, a difference of $1,019 per year.
When compared to the best-selling models in the sports car category, insurance rates for a BMW i8 cost $1,800 more per year than the Ford Mustang, $1,128 more than the Dodge Challenger, $1,276 more than the Chevrolet Camaro, and $1,626 more than the Subaru WRX.
In fairness, we could have a separate comparison of just luxury sports cars, which would kick out models with cheaper insurance rates like the Mustang, Challenger, Camaro, and WRX. In that case, the i8 would rank much better, with car insurance rates that are more comparable to the segment average.
The table below shows how car insurance rates for a i8 compare to the rest of the sports car segment.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Mazda MX-5 Miata | $1,860 | -$2,214 |
| 2 | Ford Mustang | $2,274 | -$1,800 |
| 3 | BMW Z4 | $2,314 | -$1,760 |
| 4 | Audi TT | $2,420 | -$1,654 |
| 5 | Toyota Supra | $2,438 | -$1,636 |
| 6 | Subaru WRX | $2,448 | -$1,626 |
| 7 | Nissan 370Z | $2,492 | -$1,582 |
| 8 | Subaru BRZ | $2,616 | -$1,458 |
| 9 | BMW M2 | $2,632 | -$1,442 |
| 10 | Porsche 718 | $2,674 | -$1,400 |
| 11 | Chevrolet Corvette | $2,678 | -$1,396 |
| 12 | Chevrolet Camaro | $2,798 | -$1,276 |
| 13 | Lexus RC F | $2,808 | -$1,266 |
| 14 | Dodge Challenger | $2,946 | -$1,128 |
| 15 | Mercedes-Benz AMG GT53 | $3,052 | -$1,022 |
| 16 | Jaguar F-Type | $3,376 | -$698 |
| 17 | Lexus LC 500 | $3,444 | -$630 |
| 18 | BMW M4 | $3,540 | -$534 |
| 19 | Porsche 911 | $3,572 | -$502 |
| 20 | Mercedes-Benz AMG GT63 | $4,038 | -$36 |
| 21 | Acura NSX | $4,068 | -$6 |
| 22 | BMW i8 | $4,074 | -- |
| 23 | Audi R8 | $4,376 | $302 |
| 24 | Nissan GT-R | $4,378 | $304 |
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 vehicle from the 2021 model year. Updated October 24, 2025
