BMW i8 Insurance Cost for 2021

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 $2,826 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 $2,780 per year. The most expensive is the Hybrid Convertible at $2,872 annually.
  • The BMW i8 is one of the more expensive sports cars to insure, costing $614 more per year on average when compared to the competition.

How much does BMW i8 insurance cost?

BMW i8 insurance cost averages $2,826 a year, or about $236 if paid each month. Drivers can plan on paying about $614 more per year for BMW i8 insurance compared to similar vehicles, and $1,303 more per year than the all-vehicle national average of $1,523.

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 $2,056 per year for a 60-year-old driver with $1,000 comprehensive and collision deductibles to the most expensive rate of $6,742 each year for a driver age 20 with low physical damage deductibles.

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Chart Data Details: Chart shows average insurance cost for a 2021 BMW i8 with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all BMW i8 trim levels.
BMW i8 Insurance Cost Summary
BMW i8 Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$4,604$384
$500$5,644$470
$250$6,742$562
30$1,000$2,450$204
$500$3,022$252
$250$3,622$302
40$1,000$2,300$192
$500$2,826$236
$250$3,376$281
50$1,000$2,090$174
$500$2,564$214
$250$3,060$255
60$1,000$2,056$171
$500$2,524$210
$250$3,012$251

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 Rate 6-month Rate Monthly Rate
2021 BMW i8$2,826$1,413$236
2020 BMW i8$2,744$1,372$229
2019 BMW i8$2,680$1,340$223
2017 BMW i8$2,634$1,317$220
2016 BMW i8$2,548$1,274$212
2015 BMW i8$2,390$1,195$199
2014 BMW i8$2,224$1,112$185

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Table Data Details: Average rates assume clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.
BMW i8 Car Insurance Cost by Model Year

What is the cheapest BMW i8 insurance?

With BMW i8 insurance cost ranging from $2,780 to $2,872 annually, the cheapest trim level to insure is the Hybrid Coupe. The Hybrid Convertible is the most expensive trim at $2,872 per year.

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

BMW i8 Insurance Cost by Trim Level
BMW i8 Trim Level Annual Policy 6-month Policy Per Month
Hybrid Coupe$2,780$1,390$232
Hybrid Convertible$2,872$1,436$239

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Table Data Details: Average rates are for a 2021 BMW i8, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.
BMW i8 Insurance Cost by Trim Level

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

The BMW i8 ranks #15 out of 18 comparison vehicles in the 2021 sports car class. The i8 costs an estimated $2,826 per year for full coverage insurance, while the category average rate is $2,212 annually, a difference of $614 per year.

When compared to the best-selling models in the sports car category, insurance rates for a BMW i8 cost $1,128 more per year than the Ford Mustang, $746 more than the Dodge Challenger, $822 more than the Chevrolet Camaro, and $1,026 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/Model Insurance Cost Difference
1Mazda MX-5 Miata$1,388-$1,438
2Ford Mustang$1,698-$1,128
3Audi TT$1,708-$1,118
4Subaru WRX$1,800-$1,026
5Toyota Supra$1,812-$1,014
6Porsche 718$1,876-$950
7Nissan 370Z$1,892-$934
8Chevrolet Corvette$1,946-$880
9Subaru BRZ$1,984-$842
10Chevrolet Camaro$2,004-$822
11Dodge Challenger$2,080-$746
12Jaguar F-Type$2,336-$490
13Lexus LC 500$2,500-$326
14Porsche 911$2,592-$234
15BMW i8$2,826--
16Acura NSX$2,940$114
17Audi R8$3,170$344
18Nissan GT-R$3,272$446

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on 2021 model year, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all vehicle trim levels. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.
Insurance Cost Comparison: BMW i8 vs Sports Cars