BMW M8 Insurance Costs for 2025: What You Need to Know

How much does BMW M8 insurance cost? We compared insurance rates for the M8 Gran Coupe Sedan, Convertible, and Coupe trim levels to find out how insurance costs measure up to all other midsize luxury cars.

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  • BMW M8 car insurance rates average $3,948 per year (about $329 per month) for full coverage, but vary considerably based on driver age.
  • The M8 Competition Coupe trim level is the cheapest to insure at around $3,896 per year. The most expensive trim is the Competition Convertible at $4,038 per year.
  • The M8 ranks 34th out of 34 vehicles in the 2024 midsize luxury car class for auto insurance affordability.

How much does BMW M8 insurance cost?

BMW M8 car insurance rates cost an average of $3,948 per year for full coverage, or about $329 a month. When priced by coverage type, liability/medical (or PIP) coverage will cost an estimated $728 a year, comprehensive coverage will cost approximately $1,098, and the remaining collision coverage costs about $2,122.

The chart below details how average BMW M8 car insurance cost can be different depending on the age of the driver and the policy deductibles.

Average 2024 BMW M8 car insurance premiums for different driver ages and policy deductibles.
Figure 1: Average 2024 BMW M8 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 2024 model year BMW M8. 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.

2024 BMW M8 Insurance Cost by Driver Age and Deductibles
Driver Age Policy Deductible Annual Premium Cost Per Month
20-Year-Old$1,000$6,484$540
$500$7,916$660
$250$9,436$786
30-Year-Old$1,000$3,446$287
$500$4,240$353
$250$5,066$422
40-Year-Old$1,000$3,216$268
$500$3,948$329
$250$4,710$393
50-Year-Old$1,000$2,828$236
$500$3,460$288
$250$4,116$343
60-Year-Old$1,000$2,648$221
$500$3,240$270
$250$3,854$321

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 2024 BMW M8. Updated June 27, 2025

The next table shows the estimated yearly and 6-month policy costs, plus a monthly budget figure, for each BMW M8 model and trim level.

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. Updated June 27, 2025

Insurance cost by trim level for a 2024 BMW M8 ranging from the Competition Coupe model at $3,896 per year to the Competition Convertible model at $4,038
Insurance cost by trim level for a 2024 BMW M8 ranging from the Competition Coupe model at $3,896 per year to the Competition Convertible model at $4,038

The rate table below details average BMW M8 insurance rates for the 2020 to 2024 model years for five different age groups.

BMW M8 Insurance Cost by Model Year
Model Year and Vehicle Driver Age 20 Driver Age 40 Driver Age 60
2024 BMW M8$7,916$3,948$3,240
2023 BMW M8$7,684$3,824$3,140
2022 BMW M8$7,356$3,656$3,004
2021 BMW M8$7,240$3,576$2,940
2020 BMW M8$6,978$3,448$2,836

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 M8 trim levels for each model year. Updated June 26, 2025

Average insurance rates for 2020 to 2024 BMW M8 models for drivers age 20, 40 and 60
Average insurance rates for 2020 to 2024 BMW M8 models for drivers age 20, 40 and 60

Is BMW M8 insurance expensive?

When compared side-by-side to other midsize luxury car models, insurance rates for a BMW M8 cost $1,502 more per year than the Lexus ES 350, $1,100 more than the BMW 530i, and $1,298 more than the Infiniti Q50.

The BMW M8 ranks 34th out of 34 total comparison vehicles in the 2024 midsize luxury car class for most affordable car insurance cost. The M8 costs an estimated $3,948 per year to insure for full coverage, while the segment average policy cost is $2,874 annually, a difference of $1,074 per year.

The chart below shows how BMW M8 insurance rates compare to the top 10 selling midsize luxury cars like the Mercedes-Benz CLA250, Audi A6, and the Tesla Model S. A more complete table is added following the chart breaking down insurance cost for every vehicle in the midsize luxury car segment.

Average 2024 BMW M8 car insurance premium compared to other midsize luxury car models.
Figure 2: Average 2024 BMW M8 car insurance premium compared to other midsize luxury car models. Rates updated on June 26, 2025.

Data Methodology: Average rates are for a 2024 model year BMW M8. Rated driver is a 40-year-old married male driver with a clean driving record and no at-fault accidents. Average premium includes all BMW M8 trim levels. Comprehensive and collision deductibles are $500 and rates are averaged for all U.S. states.

BMW M8 Insurance Cost Compared to All Midsize Luxury Cars
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
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 vehicle from the 2024 model year. Updated June 26, 2025