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BMW M8 Car Insurance Cost 2025

Getting insurance for a BMW M8 costs $3,800 per year, on average. However, the exact cost can vary depending on factors such as your age, the year of the car model, and other personal details. To get a more accurate estimate of your specific insurance costs, you can use quote tables or compare quotes from multiple providers.

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Updated: 23 April 2025

Written by Bob Phillips

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Insuring a 2025 BMW M8 comes with a premium price tag, much like the car itself. As a high-end luxury sports coupe with exceptional performance and advanced features, the M8 typically costs more to insure than the average vehicle.

On average, annual insurance premiums for the BMW M8 range between $3,800 and $4,600, depending on the driver’s profile, location, and selected coverage.

The vehicle’s high repair costs, powerful engine, and greater likelihood of being involved in high-speed incidents all contribute to elevated insurance rates. However, comparing quotes from multiple providers can help owners find more competitive pricing.

How Much Does BMW M8 Car Insurance Cost?

Typically, BMW M8 drivers can find car insurance at an average rate of $3,800 per year.

It’s important to recognize that car insurance costs can vary significantly due to several factors. These include your location, driving history, the model year of your car, and the specific coverage options you choose. A clean driving record can lower your premiums, while a history of accidents or traffic violations may result in higher costs.

Living in an urban area with heavy traffic can lead to higher rates compared to rural areas with less traffic. Additionally, the type of coverage you select plays a major role in your premium. For instance, comprehensive insurance, which covers both comprehensive and collision, typically costs more than basic liability coverage.

As shown, the cost of insurance for a BMW M8 is relatively lower compared to the average cost of all BMW models. However, it is still higher than the average cost for all cars. Insuranceopedia is here to help you compare quotes from different providers to find the best deal for your needs.

Vehicle	Average Monthly Premium
BMW M8	$299
All BMWs	$197
All Cars	$175

Average Insurance Cost Of BMW M8 By Model Year

Model Year	Average Premium
2025 BMW M8	$3,712
2023 BMW M8	$3,543
2022 BMW M8	$2,809
2021 BMW M8	$2,933
2020 BMW M8	$4,616

2025 BMW M8 Insurance Rates

The average annual insurance cost for a 2025 BMW M8 is $3,712. However, Capital Insurance Group offers the cheapest rates, averaging $1,410 per year.

Insurance Provider	Average Annual Cost
Capital Insurance Group	$1,410
Hastings Mutual Insurance Co	$3,110
21st Century	$3,850
Penn National	$3,870
Travelers	$4,200
Country Financial	$4,400
West Bend Mutual	$4,430
Pekin Insurance	$4,460
New Jersey Manufacturers	$4,580
SECURA Insurance	$2,810

2023 BMW M8 Insurance Rates

The average annual insurance cost for a 2023 BMW M8 is $3,543. However, Capital Insurance Group offers the cheapest rates, averaging $1,330 per year.

Insurance Provider	Average Annual Cost
Capital Insurance Group	$1,330
Hastings Mutual Insurance Co	$2,997
SECURA Insurance	$2,757
Country	$4,175
New Jersey Manufacturers	$4,320
West Bend Mutual	$4,255
Penn National	$3,682
21st Century	$3,633
Pekin Insurance	$4,268
Travelers	$4,014

2022 BMW M8 Insurance Rates

The average annual insurance cost for a 2022 BMW M8 is $2,809. However, Hastings Mutual Insurance Co offers the cheapest rates, averaging $531 per year.

Insurance Provider	Average Annual Cost
Mississippi Farm Bureau	$4,186
Penn National	$1,644
Hastings Mutual Insurance Co	$531
Western National	$1,202
Travelers	$5,420
Farmers	$2,799
Nationwide	$4,222
California Capital	$3,680
American Family	$1,197
Direct General Insurance	$3,206

Find Affordable BMW M8 Insurance Rates

2021 BMW M8 Insurance Rates

The average annual insurance cost for a 2021 BMW M8 is $2,933. However, SECURA Insurance offers the cheapest rates, averaging $1,631 per year.

Insurance Provider	Average Annual Cost
Hartford	$3,293
Allied	$2,230
California Capital	$2,161
Farm Bureau Ins of MI	$2,729
Travelers	$3,709
SECURA Insurance	$1,631
USAA	$3,150
Hastings Mutual Insurance Co	$3,729
Mercury	$2,923
Alliance United	$3,776

2020 BMW M8 Insurance Rates

The average annual insurance cost for a 2020 BMW M8 is $4,616. However, New York Central Mutual Fire offers the cheapest rates, averaging $3,183 per year.

Insurance Provider	Average Annual Cost
Travelers	$3,508
Hartford	$5,634
New York Central Mutual Fire	$3,183
Erie	$6,070
21st Century	$6,569
State Farm	$4,742
Mercury	$3,294
Direct General Insurance	$5,073
California Capital	$3,237
Colorado Farm Bureau Mutual	$4,853

Are BMW M8s Expensive To Insure?

Insuring a BMW M8 is generally more expensive than covering standard vehicles. As a high-performance luxury sports car, the M8 features a powerful engine and advanced technology, leading to higher repair and replacement costs. Insurers often view such vehicles as higher risk, which contributes to elevated premium rates. While actual insurance costs can vary based on factors like driving history, location, and coverage options, owners should anticipate higher-than-average premiums. To mitigate costs, it’s advisable to compare quotes from multiple insurers and explore available discounts, such as those for safe driving or bundling policies.

Find Affordable BMW M8 Insurance Rates

Cheapest Car Insurance Companies For A BMW M8

The table above presents estimated insurance premiums for the 2025 BMW M8 from various providers. Premiums vary due to factors such as the insurer’s assessment of risk, coverage options, and individual driver profiles. For instance, Capital Insurance Group offers one of the more affordable annual premiums, estimated at $1,410. On the higher end, providers like Penn National have estimated premiums around $3,870. These variations underscore the importance of comparing quotes from multiple insurers to find the best rate tailored to your specific needs and circumstances.

Company	Average Monthly Rate
Capital Insurance Group	$118
Hastings Mutual Insurance Co	$235
21st Century	$259
Penn National	$321
SECURA Insurance	$323

Common BMW M8 Insurance Discounts

Discounts are an excellent way to reduce your car insurance premiums. While each insurer may offer different discounts, here are a few common ones you might qualify for:

Multi-policy: Bundling your home and auto insurance with the same provider often results in a lower rate.
Pay annually: Paying your premium in a lump sum instead of monthly installments may make you eligible for a discount.
Defensive driving: Completing a defensive driving course from an accredited institution could qualify you for reduced rates.

There may be additional discounts available to you, so it’s a good idea to speak with your insurance agent. They can help identify which discounts you qualify for.

Ways To Save On BMW M8 Insurance Costs

Maintaining a clean driving record is one of the most effective ways to keep your BMW M8 insurance premiums low. Traffic violations, such as speeding tickets, or being involved in accidents, can increase your rates.

For example, BMW M8 drivers with a speeding ticket typically pay around $94 per month, while those with multiple accidents may face premiums of approximately $197 per month. Avoiding such incidents can help keep your costs down.

In addition, drivers who log fewer miles annually often pay less for insurance. Since lower mileage means fewer opportunities for accidents, these drivers are considered lower-risk.

BMW M8 owners driving between 2,501 and 5,000 miles annually can expect to pay about $47 per month, while those driving over 10,000 miles per year typically pay around $37 per month.

Compare BMW M8 To Other BMW Models

Looking for other BMW model insurance costs?

Our Methodology

To calculate average car insurance costs, Insuranceopedia gathered data from thousands of quotes provided by top auto insurers. The sample profile used was for a 40-year-old male driver purchasing full-coverage insurance with the following coverage limits: $100,000 for property damage liability, $100,000 for bodily injury liability, and a $1,000 deductible. However, the rates provided in this guide may vary from your own personal quotes.

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Quotes Analyzed

Brands Reviewed

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Research Hours

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Years Of Experience

FAQs

Do You Need Insurance Before You Can Purchase A BMW M8?

Yes, you will need to provide proof of insurance before driving your BMW M8 off the dealership lot. It’s advisable to purchase an insurance policy in advance and then inform your insurance company about the upcoming car purchase, rather than relying on insurance through the dealership.

How Can You Get The Cheapest Insurance For Your BMW M8?

The most effective way to find the lowest rates for your BMW M8 is to shop around and compare quotes from various auto insurance companies. Luckily, Insuranceopedia makes it easy to compare quotes from multiple providers directly on our website.