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We pulled car insurance quotes from top insurance companies to find that the average monthly cost to insure a 2020 BMW i3 is $406.44 — or about $4,877 annually. However, your actual costs depend on your driving history, vehicle model and year, ZIP plus other factors. And some older models may cost less to insure than others depending on your vehicle’s safety features and which insurer you choose.
| Model Year | Progressive | Geico | State Farm | Farmers | Average |
|---|---|---|---|---|---|
| 2014 BMW i8 | $211.93 | $242.70 | $380.82 | $388.33 | $305.95 |
| 2016 BMW i8 | $265.60 | $280.81 | $425.78 | $401.25 | $343.36 |
| 2020 BMW i8 | $370.62 | $341.34 | $480.03 | $433.78 | $406.44 |
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 doesn’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:
Your rates may be different based on details such as your age, location, job type, annual mileage and more.
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The BMW i8 carves out its own place in the world as a hybrid sports car, so it makes sense that its insurance cost rides higher than most luxury cars.
In general, insurance companies charge more for a car with high engine power because it could cause more damage in an accident. The i8 also commands a towering sale price, making it an expensive car to repair or replace.
| Models similar to BMW i8 | Monthly insurance cost | Car value | Theft rate |
|---|---|---|---|
| 2020 BMW i8 | $406.44 | $148,495 | 0 |
| 2011 Tesla Roadster | $278.79 | $110,950 | 0 |
| Porsche Taycan | – | $81,250 | Not available |
We used Car and Driver’s car model reviews to find 2021 car values. We found the BMW i8’s 2020 value since this is the last model year offered. We also found theft rates from the National Highway Traffic Safety Administration (NHTSA). Theft rates are not available for all models or model years.
You could save money on car insurance for your BMW i3 Series if it comes equipped with these safety features.
The BMW i8 has been around since 2015 and was originally the BMW Vision Efficient Dynamics concept car. The BMW i8 is a plug-in hybrid sports car, with a maximum range of 15 miles on pure electricity. By late 2016, there were over 10,000 models sold, making it the best-selling electric sports car in the world.
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