BMW M8 Car Insurance Cost

Securing insurance for a BMW M8 typically costs around $629 per year through Victoria. However, the final price can fluctuate depending on factors such as your age, the model year of the car, and other relevant considerations. You can utilize the quote tables below to estimate the specific cost tailored to your circumstances.

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Updated: 26 May 2024
Written by
Bob Phillips
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If you’re considering purchasing a BMW M8, it’s important to consider the cost of insurance. Insurance is a significant aspect of car ownership, and it’s essential to understand the financial commitment before making a decision.

Selecting the right car insurance is vital to prevent unexpected and potentially costly surprises in the future. It’s crucial to have adequate coverage in the event of an accident to avoid substantial out-of-pocket expenses. Additionally, being responsible for an accident could lead to higher premiums.

Based on my experience of over ten years studying car insurance rates, I’ve noticed how much these costs can vary. Your age, driving history, and location are all key factors that can affect your insurance premiums.

How Much Does BMW M8 Car Insurance Cost?

Usually, Victoria offers the most favorable option, charging approximately $629 per year for comprehensive insurance on a 2023 BMW M8.

While Victoria’s rate is a useful starting point, it’s important to understand that car insurance costs can vary significantly due to various factors. These factors include your location, driving history, car age, and the specific coverage options you choose. Maintaining a clean driving record often results in lower premiums, but a history of accidents or traffic violations can increase your rates.

Furthermore, living in a busy urban area typically leads to higher insurance rates compared to quieter rural areas. The type of coverage you select also impacts your premium – comprehensive coverage, which includes both comprehensive and collision coverage, will be more expensive than basic liability coverage.

At Insuranceopedia, we’re here to help you shop around and compare quotes from different insurance providers to ensure you find the most favorable deal.

2023 BMW M8 Insurance Rates

Insurance Provider Average Annual Cost
Victoria $629
Capital Insurance Group $1,360
SECURA Insurance $2,744
Hastings Mutual Insurance Co $2,961
Travelers $4,145
Country $4,184
West Bend Mutual $4,239
Pekin Insurance $4,257
Penn National $4,290
California Capital $4,870

2022 BMW M8 Insurance Rates

Insurance Provider Average Annual Cost
Farm Bureau Ins of MI $1,236
Western National $1,235
Hastings Mutual Insurance Co $1,309
Penn National $1,657
Buckeye Insurance Group $1,851
SECURA Insurance $1,906
California Capital $2,727
Motorists Mutual $3,149
Western Reserve $3,244
Westfield $3,322

2021 BMW M8 Insurance Rates

Insurance Provider Average Annual Cost
Titan $853
North Carolina Farm Bureau $1,938
Tower Insurance Company of New York $2,002
California Capital $2,197
Utica National Ins Group $2,196
GMAC Insurance Group $2,483
Erie $2,548
Country $2,768
Farm Bureau Ins of MI $2,788
Penn National $2,806

2020 BMW M8 Insurance Rates

Insurance Provider Average Annual Cost
Plymouth Rock Assurance $1,750
Direct Auto $2,020
Travelers $3,115
New York Central Mutual Fire $3,155
California Capital $3,265
Mercury $4,058
State Farm $4,219
Colorado Farm Bureau Mutual $4,851
Norfolk and Dedham Group $4,896


Who has the cheapest car insurance for a BMW M8?

In 2023, Victoria provides the cheapest car insurance rates for the BMW M8.

Which company offers the best car insurance for a BMW M8?

Taking into account their blend of affordable rates, extensive coverage, and outstanding customer service ratings, we believe Victoria offers the top car insurance choice for a BMW M8.

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