BMW M8 Car Insurance Cost for 2023

• BMW M8 car insurance rates average $2,954 per year (about $246 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 $2,916 per year. The most expensive trim is the Competition Convertible at $3,020 per year.
• The M8 ranks 38^th out of 38 vehicles in the 2023 midsize luxury car class for auto insurance affordability.

How much does BMW M8 insurance cost?

BMW M8 car insurance rates cost an average of $2,954 per year for full coverage, or about $246 a month. When priced by coverage type, liability/medical (or PIP) coverage will cost an estimated $568 a year, comprehensive coverage will cost approximately $808, and the remaining collision coverage costs about $1,578.

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.

The rate table below details average BMW M8 insurance rates for the 2020 to 2023 model years for five different age groups.

Is BMW M8 insurance expensive?

When compared side-by-side to other midsize luxury car models, insurance rates for a BMW M8 cost $1,052 more per year than the Lexus ES 350, $832 more than the BMW 530i, and $496 more than the Infiniti Q50.

The BMW M8 ranks 38^th out of 38 total comparison vehicles in the 2023 midsize luxury car class for most affordable car insurance cost. The M8 costs an estimated $2,954 per year to insure for full coverage, while the segment average policy cost is $2,242 annually, a difference of $712 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.