BMW i8 Insurance: by Model Year & Company

BMW i8 insurance costs an average of $2,433 for a 6-month full coverage policy. Progressive offers the cheapest rate for the latest BMW i8 at $271/mo or $1,629 for a 6-month full coverage policy.

Shopping around? Use our calculator to compare average insurance rates by vehicle.
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What to know about insuring a BMW i8:

The i8 costs more to insure than most coupes. Averaging $405/mo for the i8 versus $245/mo for typical coupes.
If you're considering a vehicle similar to the i8, like the BMW 1 Series ($138/mo), BMW 6 Series ($248/mo), or BMW 7 Series ($304/mo), your insurance costs will be more expensive.
Progressive ($246/mo), Erie ($299/mo), American Family ($354/mo) offer the cheapest full coverage rates.

The rates displayed are based on a full coverage 30-year-old male driver with no violations in 2025. Customizations to your vehicle (trim or modifications) and your driving history will impact your insurance costs. Consider these rates as a jumping off point for your search.

Compare BMW i8 insurance costs vs other vehicles

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2020 BMW i8

Av. Cost Per Year$6,721

Av. Per Month$560

Cheapest Companies

Progressive$224/m

Erie$266/m

State Farm$284/m

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How much does it cost to insure my BMW i8?

Select your model year:

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2020 BMW i8

Cheapest Insurance Companies	Average Annual Cost
Progressive	$3,257
Erie	$3,819
American Family	$5,125
State Farm	$5,794
USAA	$6,193
Nationwide	$6,579
GEICO	$7,151
Farmers	$7,186
Allstate	$11,257

Compare all 2020 BMW i8 insurance rates.

Average Cost to Insure Per Year

$6,721

2019 BMW i8

Cheapest Insurance Companies	Average Annual Cost
Progressive	$3,143
Erie	$3,727
Nationwide	$3,812
American Family	$4,948
State Farm	$5,366
USAA	$5,867
GEICO	$6,796
Farmers	$6,802
Allstate	$7,248

Compare all 2019 BMW i8 insurance rates.

Average Cost to Insure Per Year

$5,574

2017 BMW i8

Cheapest Insurance Companies	Average Annual Cost
Progressive	$2,835
Erie	$3,771
American Family	$4,091
Nationwide	$4,551
USAA	$4,893
State Farm	$4,945
Farmers	$5,882
GEICO	$5,937
Allstate	$6,307

Compare all 2017 BMW i8 insurance rates.

Average Cost to Insure Per Year

$5,034

2016 BMW i8

Cheapest Insurance Companies	Average Annual Cost
Progressive	$2,936
Erie	$3,621
American Family	$3,954
State Farm	$4,431
USAA	$4,640
Nationwide	$4,661
Farmers	$5,586
GEICO	$5,647
Allstate	$5,869

Compare all 2016 BMW i8 insurance rates.

Average Cost to Insure Per Year

$4,814

2015 BMW i8

Cheapest Insurance Companies	Average Annual Cost
Progressive	$2,852
Erie	$3,365
State Farm	$3,516
American Family	$3,760
USAA	$4,169
Nationwide	$4,206
GEICO	$5,160
Farmers	$5,161
Allstate	$5,585

Compare all 2015 BMW i8 insurance rates.

Average Cost to Insure Per Year

$4,388

2014 BMW i8

Cheapest Insurance Companies	Average Annual Cost
Progressive	$2,687
Erie	$3,191
State Farm	$3,407
American Family	$3,626
Nationwide	$3,780
USAA	$4,083
Farmers	$4,868
GEICO	$4,883
Allstate	$5,777

Compare all 2014 BMW i8 insurance rates.

Average Cost to Insure Per Year

$4,225