Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

BMW 8 car insurance rates

Average insurance cost for you 2021 BMW 8? $271. But rates vary wildly by insurance company.

Top car insurers for BMW 8Compare companies
How much does insurance cost?See sample rates

The "8" in this model's name stands for its top-tier ranking when compared to other BMW series. Its MSRP rings in accordingly, at $112,895, and should cost between $159 to $240 on average to insure each month. Still, it's less expensive than other luxury competitors, like Ferraris or Mercedes, so it may fit the bill if you're looking for a fast car that doesn't require millionaire status to maintain. Filter car insurance companies by your state to get a quote.

Name Product Roadside assistance New car protection Accident forgiveness Safe driver discount Available states
All 50 states
Your dedicated agent can help you find the best savings with multiple discounts and rewards programs.
All 50 states & DC
Discover coverage that’s broader than competitors, valuable discounts up to 30% off and perks like shrinking deductibles that reward no claims.
The AARP Auto Insurance Program from The Hartford
All 50 states
Enjoy low rates for mature drivers, plus perks like new car replacement and lifetime repair guarantees. Only for drivers over age 50.
Available in 31 states
Track your driving to receive a low rate that reflects your driving skills, and enjoy a fully app-based policy experience.
Depends on provider
All states & DC
Get quotes in 30-seconds from 100+ companies, and save an average of $800 or more per year. Requires online login to your existing insurance.
Liberty Mutual
All 50 states & DC
Earn free accident forgiveness after five years claims-free and customize your policy anytime online at the tap of a button.

Compare up to 4 providers

How do I compare insurance for the BMW 8?

Model YearProgressiveGeicoState FarmFarmersAverage
2019 BMW M850$370.62199.23$350.15$359.78$319.95
2021 BMW 8 $248.43$226.97$360.49$245.98$270.47

How we got these rates

Our rates are based on a single 30-year old driver with a clean driving history living in California. California is one of seven states that don’t use gender to determine car insurance costs. We chose full coverage car insurance with liability limits that exceed the California state minimum requirements, which include:

  • Bodily injury liability per person: $50,000
  • Bodily injury liability per accident: $100,000
  • Property damage liability: $50,000
  • Comprehensive deductible: $500
  • Collision deductible: $500
  • Medical payments: $5,000
  • Uninsured motorist bodily injury: $50,000/$100,000

Your rates may be different based on details such as your zip, location, job type, annual mileage and more.

Compare car insurance quotes

Enter your ZIP code below and click Compare to see the cheapest rates in your area.

BMW refers to its cars as “the ultimate driving machine.” Keep in mind a few factors to get the right protection.

  • Body type. It’s a coupe, which tends to be less expensive than a sedan to insure. However, getting coverage on the convertible version will likely be even pricier, since they’re typically more prone to theft.
  • Fuel. The BMW 8 is rated at 18 city MPG and 25 highway MPG, averaging out to 20 combined MPG, which is about average for these types of coupes.
  • Maintenance. It’s got German engineering, which means repairs likely won’t be easy or cheap. But all MY17 BMWs and newer models come with the BMW Ultimate Care program, which covers scheduled maintenance for the first three years or 36,000 miles, whichever comes first.
  • Coverage. You may need to look into luxury insurance for your BMW 8, since it’s more expensive than the average car and typical maximums might not be enough to cover its value.
  • Warranty. The initial factory warranty covers most repairs, including the powertrain, corrosion, and limited wear and tear, and lasts four years or 50,000 miles. You’ll also get 24/7 roadside assistance for free during the first four years, so you can get away without additional coverage for that.
  • Transmission type. It’s automatic, which can be slightly more expensive to insure than manual due to a pricier gear box.

Does the BMW 8 qualify for discounts?

In addition to an award-winning stylistic design, the BMW-8 comes with some advanced safety features that could help you get a safe car discount on your car insurance.

  • Antilock brakes
  • Stability control
  • Front, side and overhead impact airbags
  • Seatbelt pretensioners
  • Antitheft security system
  • Daytime running lights
  • Adaptive brake lights

Why is insurance so high for the BMW 8?

It can go from zero to 60 mph in just 3.6 seconds, is powered by a turbocharged V-8 engine with 523 horsepower and has a relatively high MSRP. This means it’s meant to go fast but costs a lot to repair or replace in the event of a crash, which makes it a risk for insurers.

How reliable is the BMW 8?

This vehicle combines advanced technology, powerful style and high performance, but its track record is less than flawless.

  • Safety. It hasn’t been rated by the IIHS, probably because its price tag makes it relatively costly to test crash. But similar models, such as the BMW 2 coupe, have a “good” crashworthiness rating with “advanced” crash avoidance and mitigation.
  • Reliability. Online, it hasn’t received any major complaints. But in general, cars with German engineering are known for being pesky to maintain due to their bespoke design. So regular maintenance will be key to keeping your BMW 8 running smoothly.
  • Recalls. There’s one recall for the 2019 model, and that’s due to an electrical glitch that can cause an electrical shock or a fire. BMW contacts owners of affected vehicles, repairing and replacing the issue for free.

Bottom line

The BMW 8 can be pricey to insure, but since it’s a mid-range luxury vehicle it shouldn’t be through-the-roof expensive. One way to keep costs reasonable is to shop the market to find the best rates.

More guides on Finder

    Ask an Expert

    You are about to post a question on

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

    By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

    Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
    Go to site