BMW i8 Insurance Costs: Rates, Rankings, and Insights

How much does BMW i8 insurance cost? We compared car insurance rates for both the Hybrid Coupe and Convertible models to see how they rank against the competition.

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  • BMW i8 insurance costs $3,976 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 $3,888 per year. The most expensive is the Hybrid Convertible at $4,064 annually.
  • The BMW i8 is one of the more expensive sports cars to insure, costing $994 more per year on average when compared to the competition.

How much does BMW i8 insurance cost?

BMW i8 insurance cost averages $3,976 a year, or about $331 if paid each month. Drivers can plan on paying about $994 more per year for BMW i8 insurance compared to similar vehicles, and $1,755 more per year than the all-vehicle national average of $2,221.

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 $2,668 per year for a 60-year-old driver with $1,000 comprehensive and collision deductibles to the most expensive rate of $9,622 each year for a driver age 20 with low physical damage deductibles.

Average 2021 BMW i8 car insurance premiums for different driver ages and policy deductibles.
Figure 1: Average 2021 BMW i8 car insurance premiums for different driver ages and policy deductibles. Rates updated on June 27, 2025.

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Data Methodology: Average premiums are based on a 2021 model year BMW i8. Rates assume a clean driving record and no claims or at-fault accidents. Comprehensive and collision coverage is included as well as UM/UIM and medical payments coverage. Premium amounts are averaged across all trim levels.

2021 BMW i8 Insurance Cost by Driver Age and Deductibles
Driver Age Policy Deductible Annual Premium Cost Per Month
20-Year-Old$1,000$6,590$549
$500$8,060$672
$250$9,622$802
30-Year-Old$1,000$3,470$289
$500$4,274$356
$250$5,114$426
40-Year-Old$1,000$3,238$270
$500$3,976$331
$250$4,750$396
50-Year-Old$1,000$2,842$237
$500$3,482$290
$250$4,148$346
60-Year-Old$1,000$2,668$222
$500$3,264$272
$250$3,892$324

Data Methodology: Rated driver has no driving violations or at-fault accidents in the prior three years. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Premium is averaged for all trim levels available for the 2021 BMW i8. Updated June 27, 2025

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.

BMW i8 Insurance Cost for 2014-2021 Models
Model Year and Vehicle Annual Premium Cost Per Month
2021 BMW i8$3,976$331
2020 BMW i8$3,842$320
2019 BMW i8$3,708$309
2017 BMW i8$3,448$287
2016 BMW i8$3,214$268
2015 BMW i8$2,972$248
2014 BMW i8$2,816$235

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 June 26, 2025

Average annual premium and cost per month to insure 2014 to 2024 BMW i8 models
Average annual premium and cost per month to insure 2014 to 2024 BMW i8 models

What is the cheapest BMW i8 insurance?

With BMW i8 insurance cost ranging from $3,888 to $4,064 annually, the cheapest trim level to insure is the Hybrid Coupe. The Hybrid Convertible is the most expensive trim at $4,064 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 Insurance Rates by Trim Level
2021 BMW i8 Trim Level Annual Premium Cost Per Month
Hybrid Coupe$3,888$324
Hybrid Convertible$4,064$339

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 June 26, 2025

Insurance cost by trim level for a 2021 BMW i8 ranging from the Hybrid Coupe model at $3,888 per year to the Hybrid Convertible model at $4,064
Insurance cost by trim level for a 2021 BMW i8 ranging from the Hybrid Coupe model at $3,888 per year to the Hybrid Convertible model at $4,064

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 $3,976 per year for full coverage insurance, while the category average rate is $2,982 annually, a difference of $994 per year.

When compared to the best-selling models in the sports car category, insurance rates for a BMW i8 cost $1,760 more per year than the Ford Mustang, $1,100 more than the Dodge Challenger, $1,244 more than the Chevrolet Camaro, and $1,586 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.

Insurance Cost Comparison: BMW i8 vs Sports Cars
Rank Make and Model Annual Premium Difference
1Mazda MX-5 Miata$1,816-$2,160
2Ford Mustang$2,216-$1,760
3BMW Z4$2,258-$1,718
4Audi TT$2,362-$1,614
5Toyota Supra$2,382-$1,594
6Subaru WRX$2,390-$1,586
7Nissan 370Z$2,434-$1,542
8Subaru BRZ$2,554-$1,422
9BMW M2$2,568-$1,408
10Porsche 718$2,612-$1,364
11Chevrolet Corvette$2,614-$1,362
12Chevrolet Camaro$2,732-$1,244
13Lexus RC F$2,742-$1,234
14Dodge Challenger$2,876-$1,100
15Mercedes-Benz AMG GT53$2,978-$998
16Jaguar F-Type$3,294-$682
17Lexus LC 500$3,360-$616
18BMW M4$3,454-$522
19Porsche 911$3,484-$492
20Mercedes-Benz AMG GT63$3,944-$32
21Acura NSX$3,972-$4
22BMW i8$3,976--
23Audi R8$4,272$296
24Nissan GT-R$4,274$298

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 June 27, 2025

At $3,976 per year, insurance cost for a 2021 BMW i8 ranks 22nd out of 24 models in the sports car segment
At $3,976 per year, insurance cost for a 2021 BMW i8 ranks 22nd out of 24 models in the sports car segment