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BMW i8 insurance rates

Average BMW i8 insurance cost? $406. But this top-tier electric can go cheaper — see sample quotes.

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We pulled BMW i8 car insurance quotes from top insurance companies to find that the average monthly cost to insure a 2020 BMW i3 is $406.44. However, an older model may score you lower rates.

Model YearProgressiveGeicoState FarmFarmersAverage
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

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.

Name Product Gap insurance Homeowner discount Telematics Has an app? Available states
Allstate
Yes
Yes
Drivewise
Yes
All 50 states
Your dedicated agent can help you find the best savings with multiple discounts and rewards programs.

Speak to an agent: 877-526-1527

Progressive
loan/lease coverage
Yes
Snapshot
Yes
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.
Pretected
Yes
Depends on provider
No
No
All 50 states
Get your most compatible insurance options via a "smart matching" method aimed at finding you value.
Root
No
Yes
Telematics only
Yes
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.
The AARP Auto Insurance Program from the Hartford
Yes
Yes
TrueLane®
No
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.
USAA
No
Yes
SafePilot
Yes
All 50 states & DC
Affordable car insurance with highly rated customer service. Only available to military members and veterans and their family.
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Compare the i8’s insurance factors to similar cars

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 i8Monthly insurance costCar valueTheft rate
2020 BMW i8$406.44$148,4950
2011 Tesla Roadster$278.79$110,9500
Porsche Taycan$81,250Not 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.

BMW i8 Series money-saving safety features

You could save money on car insurance for your BMW i3 Series if it comes equipped with these safety features.

  • Airbags
  • Traction control
  • Auto-Leveling Headlights
  • Electronic stability control
  • Daytime running lights

About the BMW i8

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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