BMW i8 Car Insurance Cost
To insure a BMW i8, the annual cost is approximately $1,054 through Hanover. However, this expense can vary based on factors such as age, the car’s model year, and other considerations. You can utilize the quote tables provided below to determine a more accurate estimate of your insurance premiums.
We’ve saved shoppers an average of $600 per year on their car insurance.
If you’re thinking about buying a BMW i8, one crucial consideration is the insurance cost. Insurance is a significant aspect of owning a car, and it’s essential to understand the financial implications before making a purchase.
Selecting the right car insurance policy is vital to avoid unexpected and potentially high expenses in the future. Having inadequate coverage during an accident can lead to significant out-of-pocket costs. Additionally, there’s a risk of increased premiums if you’re deemed at fault.
Having analyzed car insurance rates for over a decade, I’ve observed considerable variation in costs. Factors like your age, driving history, and even your location can significantly impact insurance premiums.
How Much Does BMW i8 Car Insurance Cost?
Typically, Hanover provides the most competitive price, averaging $1,054 annually for full coverage insurance on a 2020 BMW i8.
While Hanover’s pricing sets a solid standard, it’s crucial to recognize that car insurance costs can vary significantly based on several factors. These factors include your location, driving record, the model year of your car, and the specific coverage options you select. Maintaining a clean driving history can result in lower premiums, whereas a record of accidents or traffic violations can drive up your expenses.
Moreover, residing in an urban area with heavy traffic may lead to higher rates compared to rural regions with less traffic. Additionally, the type of coverage you opt for will influence your premium – full coverage insurance, which encompasses comprehensive and collision coverage, typically costs more than minimum liability coverage.
Insuranceopedia is available to assist you in comparing quotes from various insurance companies to ensure you secure the most suitable and affordable coverage.
2020 BMW i8 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Hanover | $1,054 |
| Titan | $1,107 |
| Electric | $1,220 |
| American National P&C | $1,818 |
| Utica National Ins Group | $2,085 |
| North Carolina Farm Bureau | $2,357 |
| GMAC Insurance Group | $2,725 |
| California Capital | $3,152 |
| Penn National | $3,315 |
| Hastings Mutual Insurance Co | $3,348 |
2019 BMW i8 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Penn National | $2,079 |
| SECURA Insurance | $2,120 |
| Chubb | $2,416 |
| Country | $2,588 |
| California Capital | $2,611 |
| Direct Auto | $2,859 |
| Hastings Mutual Insurance Co | $3,037 |
| Erie | $3,488 |
| Rural Mutual Insurance | $3,530 |
| Auto-Owners Insurance Co | $3,565 |
2018 BMW i8 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Direct Auto | $1,967 |
| SECURA Insurance | $2,086 |
| West Bend Mutual | $2,325 |
| Pekin Insurance | $2,394 |
| Esurance | $2,438 |
| California Capital | $2,732 |
| American Family | $2,789 |
| Hastings Mutual Insurance Co | $3,061 |
| Country | $3,071 |
| Western National | $3,092 |
2017 BMW i8 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Direct Auto | $1,232 |
| Cameron Mutual Group | $1,561 |
| Texas Farm Bureau Group | $1,906 |
| ACCC Insurance Company | $2,011 |
| Hastings Mutual Insurance Co | $2,184 |
| IMT Insurance Company | $2,544 |
| American Family | $2,792 |
| Pekin Insurance | $2,863 |
| Farm Bureau Mutual (IA Group) | $3,465 |
| Auto-Owners Insurance Co | $3,524 |
2016 BMW i8 Insurance Rates
| Insurance Provider | Average Annual Cost |
| American National P | $600 |
| Virginia Farm Bureau | $1,072 |
| Penn National | $1,893 |
| Texas Farm Bureau Group | $2,005 |
| Oregon Mutual | $2,047 |
| California Capital | $2,439 |
| Georgia Farm Bureau | $2,841 |
| Grange Mutual | $2,938 |
| Mutual Of Enumclaw | $3,090 |
| Auto Club Group | $3,082 |
2015 BMW i8 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Direct Auto | $1,334 |
| Titan | $1,609 |
| Texas Farm Bureau Group | $1,637 |
| SAFECO | $1,660 |
| North Carolina Farm Bureau | $2,142 |
| Utica National Ins Group | $2,117 |
| Mississippi Farm Bureau | $2,239 |
| ACCC Insurance Company | $2,322 |
| Penn National | $2,388 |
| Farm Bureau Mutual (IA Group) | $2,395 |
2014 BMW i8 Insurance Rates
| Insurance Provider | Average Annual Cost |
| Direct Auto | $1,658 |
| California Capital | $2,715 |
| Texas Farm Bureau Group | $2,828 |
| United Automobile Ins Group | $3,693 |
| Titan | $3,785 |
| North Carolina Farm Bureau | $4,308 |
| New Jersey Manufacturers | $4,416 |
| Allied | $4,498 |
| Travelers | $4,697 |
| Penn National | $4,950 |
Cost of BMW i8 Car Insurance By Age
| Age | Good Driver | Recent Accident | Poor Credit |
| 17 | $16,517 | $24,237 | $28,366 |
| 18 | $15,381 | $22,604 | $26,412 |
| 19 | $13,601 | $19,982 | $23,362 |
| 20 | $11,867 | $17,414 | $20,343 |
| 21 | $9,952 | $14,606 | $17,094 |
| 22 | $9,699 | $14,221 | $16,636 |
| 23 | $8,472 | $12,434 | $14,569 |
| 24 | $8,043 | $11,815 | $13,837 |
| 25 | $6,930 | $10,186 | $11,917 |
| 30 | $5,401 | $7,961 | $9,296 |
| 35 | $5,064 | $7,435 | $8,710 |
| 40 | $4,858 | $7,142 | $8,375 |
| 45 | $4,747 | $6,963 | $8,135 |
| 55 | $4,347 | $6,404 | $7,486 |
| 65 | $4,547 | $6,651 | $7,814 |
| 75 | $5,722 | $8,399 | $9,855 |
BMW i8 Car Insurance Rates By State
| State | Good Driver | Recent Accident | Poor Credit |
| Alabama | $5,175 | $7,487 | $9,532 |
| Alaska | $4,259 | $5,931 | $5,734 |
| Arizona | $4,849 | $6,970 | $10,296 |
| Arkansas | $5,277 | $8,321 | $9,140 |
| California | $5,877 | $10,414 | $5,896 |
| Colorado | $5,493 | $7,692 | $9,751 |
| Connecticut | $7,041 | $10,887 | $13,842 |
| Delaware | $5,807 | $7,764 | $9,972 |
| Florida | $6,910 | $9,570 | $12,488 |
| Hawaii | $2,243 | $3,080 | $2,242 |
| Idaho | $3,940 | $5,212 | $6,313 |
| Illinois | $4,102 | $6,206 | $7,050 |
| Indiana | $4,224 | $6,443 | $7,231 |
| Iowa | $3,336 | $4,593 | $5,378 |
| Kansas | $4,461 | $6,465 | $7,548 |
| Kentucky | $6,409 | $9,433 | $11,130 |
| Louisiana | $8,235 | $12,463 | $13,504 |
| Maine | $3,101 | $4,296 | $6,364 |
| Maryland | $5,051 | $7,321 | $8,139 |
| Massachusetts | $4,033 | $7,035 | $4,059 |
| Michigan | $9,760 | $14,865 | $23,455 |
| Minnesota | $4,009 | $5,354 | $7,535 |
| Mississippi | $4,867 | $6,922 | $6,975 |
| Missouri | $4,562 | $6,521 | $8,578 |
| Montana | $4,654 | $6,495 | $7,565 |
| Nebraska | $3,917 | $5,824 | $6,311 |
| Nevada | $6,480 | $9,602 | $10,157 |
| New Hampshire | $4,488 | $7,115 | $9,020 |
| New Jersey | $4,972 | $7,785 | $10,179 |
| New Mexico | $5,076 | $7,561 | $7,844 |
| New York | $4,685 | $5,893 | $9,866 |
| North Carolina | $2,894 | $4,987 | $3,554 |
| North Dakota | $3,972 | $6,043 | $7,143 |
| Ohio | $3,540 | $5,475 | $5,632 |
| Oklahoma | $5,655 | $8,131 | $9,141 |
| Oregon | $5,153 | $6,945 | $8,293 |
| Pennsylvania | $4,351 | $6,404 | $7,461 |
| Rhode Island | $7,263 | $10,640 | $11,971 |
| South Carolina | $4,918 | $6,835 | $9,433 |
| South Dakota | $4,425 | $6,358 | $7,340 |
| Tennessee | $5,193 | $7,640 | $10,177 |
| Texas | $5,252 | $7,588 | $9,413 |
| Utah | $4,442 | $6,226 | $8,583 |
| Vermont | $3,447 | $5,291 | $5,571 |
| Virginia | $3,226 | $4,965 | $4,849 |
| Washington | $4,264 | $5,790 | $6,925 |
| West Virginia | $4,315 | $6,179 | $7,728 |
| Wisconsin | $4,305 | $6,698 | $7,633 |
| Wyoming | $4,027 | $5,603 | $5,980 |
| Georgia | $5,661 | $8,451 | $8,528 |
Compare BMW i8 To Other BMW Models
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FAQs
Who has the cheapest car insurance for a BMW i8?
Hanover offers the most affordable car insurance for the 2020 BMW i8.
Which company offers the best car insurance for a BMW i8?
We consider Hanover to provide the best car insurance for a BMW i8, considering their combination of competitive rates, comprehensive coverage, and top-rated customer service.
