BMW i8 Insurance Costs: Rates, Rankings, and Insights

• BMW i8 insurance costs $3,222 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 $3,150 per year. The most expensive is the Hybrid Convertible at $3,292 annually.
• The BMW i8 is one of the more expensive sports cars to insure, costing $806 more per year on average when compared to the competition.

How much does BMW i8 insurance cost?

BMW i8 insurance cost averages $3,222 a year, or about $269 if paid each month. Drivers can plan on paying about $806 more per year for BMW i8 insurance compared to similar vehicles, and $1,339 more per year than the all-vehicle national average of $1,883.

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 $2,162 per year for a 60-year-old driver with $1,000 comprehensive and collision deductibles to the most expensive rate of $7,798 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.

What is the cheapest BMW i8 insurance?

With BMW i8 insurance cost ranging from $3,150 to $3,292 annually, the cheapest trim level to insure is the Hybrid Coupe. The Hybrid Convertible is the most expensive trim at $3,292 per year.

The rate table below shows the average cost of insurance for coupe and convertible trim levels for various policy terms.

The i8 vs other sports cars: Which insurance is cheapest?

The BMW i8 ranks 22^nd out of 24 comparison vehicles in the 2021 sports car class. The i8 costs an estimated $3,222 per year for full coverage insurance, while the category average rate is $2,416 annually, a difference of $806 per year.

When compared to the best-selling models in the sports car category, insurance rates for a BMW i8 cost $1,424 more per year than the Ford Mustang, $894 more than the Dodge Challenger, $1,010 more than the Chevrolet Camaro, and $1,288 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.