- BMW M8 car insurance rates average $4,044 per year (about $337 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 $3,988 per year. The most expensive trim is the Competition Convertible at $4,134 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 $4,044 per year for full coverage, or about $337 a month. When priced by coverage type, liability/medical (or PIP) coverage will cost an estimated $744 a year, comprehensive coverage will cost approximately $1,126, and the remaining collision coverage costs about $2,174.
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.
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 Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Competition Coupe | $3,988 | $332 |
| Competition Gran Coupe | $4,004 | $334 |
| Competition Convertible | $4,134 | $345 |
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 rate table below details average BMW M8 insurance rates for the 2020 to 2024 model years for five different age groups.
| Model Year and Vehicle | Driver Age 20 | Driver Age 40 | Driver Age 60 |
|---|---|---|---|
| 2024 BMW M8 | $8,114 | $4,044 | $3,320 |
| 2023 BMW M8 | $7,874 | $3,916 | $3,216 |
| 2022 BMW M8 | $7,540 | $3,744 | $3,078 |
| 2021 BMW M8 | $7,418 | $3,662 | $3,012 |
| 2020 BMW M8 | $7,150 | $3,532 | $2,906 |
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 October 24, 2025
Is BMW M8 insurance expensive?
When compared side-by-side to other midsize luxury car models, insurance rates for a BMW M8 cost $1,538 more per year than the Lexus ES 350, $1,128 more than the BMW 530i, and $1,328 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 $4,044 per year to insure for full coverage, while the segment average policy cost is $2,944 annually, a difference of $1,100 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.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Mercedes-Benz CLA250 | $2,468 | -$1,576 |
| 2 | Lexus IS 300 | $2,474 | -$1,570 |
| 3 | Lexus ES 350 | $2,506 | -$1,538 |
| 4 | Mercedes-Benz AMG CLA35 | $2,516 | -$1,528 |
| 5 | Lexus RC 300 | $2,522 | -$1,522 |
| 6 | Jaguar XF | $2,538 | -$1,506 |
| 7 | Cadillac CT5 | $2,586 | -$1,458 |
| 8 | Lexus ES 250 | $2,596 | -$1,448 |
| 9 | Lexus ES 300h | $2,634 | -$1,410 |
| 10 | Audi A3 | $2,698 | -$1,346 |
| 11 | Infiniti Q50 | $2,716 | -$1,328 |
| 12 | Mercedes-Benz AMG CLA45 | $2,748 | -$1,296 |
| 13 | Audi S4 | $2,760 | -$1,284 |
| 14 | Mercedes-Benz EQE 350 | $2,792 | -$1,252 |
| 15 | BMW i4 | $2,800 | -$1,244 |
| 16 | Lexus IS 500 | $2,836 | -$1,208 |
| 17 | BMW 530i | $2,916 | -$1,128 |
| 18 | Audi S5 | $2,958 | -$1,086 |
| 19 | BMW 540i | $2,974 | -$1,070 |
| 20 | BMW 430i | $3,014 | -$1,030 |
| 21 | BMW i5 | $3,030 | -$1,014 |
| 22 | Genesis G80 | $3,046 | -$998 |
| 23 | Mercedes-Benz EQE 500 | $3,080 | -$964 |
| 24 | Mercedes-Benz AMG C43 | $3,102 | -$942 |
| 25 | Audi A6 | $3,108 | -$936 |
| 26 | Tesla Model S | $3,146 | -$898 |
| 27 | BMW 530e | $3,176 | -$868 |
| 28 | Audi RS 5 | $3,180 | -$864 |
| 29 | Audi S6 | $3,204 | -$840 |
| 30 | BMW M440i | $3,286 | -$758 |
| 31 | Audi A7 | $3,346 | -$698 |
| 32 | Lexus LC 500h | $3,592 | -$452 |
| 33 | Audi S7 | $3,710 | -$334 |
| 34 | BMW M8 | $4,044 | -- |
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 October 24, 2025