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J.J. Starr is an insurance and personal finance expert who has been writing for Compare.com since 2022. Her work has been published across the web, appearing on sites such as Insurify.
Prior to writing for Compare.com, J.J. was a registered banker and life insurance consultant, holding a Series 6, FINRA, and life insurance license. She also earned a master’s degree in writing from New York University.
J.J. has a passion for helping people save money by explaining complex topics like car insurance in a way that is simple and easy to understand.
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Licensed auto and home insurance agent
4+ years of experience in insurance and personal finance editing
NPN: 20564519
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
)
)
Licensed property and casualty insurance agent
NPN: 21630969
MacK Korris is a licensed insurance agent who reviews and fact-checks articles for Compare.com. MacK has several years of experience reviewing and editing a variety of insurance topics, and he also holds valid insurance producer licenses in property and casualty lines from the Missouri Department of Commerce and Insurance (NPN #21630969).
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At Compare.com, it’s our mission to give you the tools to find the best (and most affordable) insurance for your unique needs and budget. We strive to provide information that’s helpful, clear, and unbiased, and we believe that comparing insurance companies should never put you at risk of spam. Our editorial team — which is made up of experienced writers, editors, insurance agents, and data analysts — has spent thousands of hours researching and creating the coverage overviews, side-by-side comparisons, and detailed reviews you see across our site.
While we make money through partnerships with some of the brands we discuss in our articles, our editorial team operates 100% independently, and these partners never influence or affect the topics, reviews, ratings, or recommendations we provide. We never guarantee favorable reviews or mentions in exchange for compensation from any brands or partners, and we uphold strict editorial standards to ensure our content is always independent, truthful, and unbiased.
The average BMW i8 policy costs $272 per month, which is significantly higher than the national average of $166 for all vehicles.
USAA offers the cheapest average rates for BMW i8 drivers, with an overall average of $135 per month.
The i8’s high value, luxury car classification, and expensive performance engine help push premiums higher than those of typical vehicles.
How you set up your car insurance policy influences the cost of your premiums. State-minimum coverage or liability-only policies only cover damages you cause to others up to coverage limits. This includes bodily injury liability and property damage liability.
Full coverage includes liability insurance but adds protections for your vehicle with collision coverage for accident-related damages and comprehensive coverage for non-collision damages.[1]
The table below shows how BMW i8 rates change depending on policy type and how those rates compare to averages across all vehicles, according to Compare.com.
Vehicle  | Average Liability Premium | Average Full-Coverage Premium | Overall Average Premium |
|---|---|---|---|
| BMW i8 | $190 | $355 | $272 |
| All vehicles | $116 | $216 | $166 |
The overall average cost of car insurance for a BMW i8 is $272 per month, with liability-only policies costing $190 per month and full coverage costing $355.
Later, we’ll cover how additional factors affect car insurance costs and show you which companies offer the lowest rates.
Compare personalized quotes from dozens of insurers in minutes.
Even for the same car, insurers can offer very different prices. Each insurance company relies on its own risk models to determine costs. That’s why some companies consistently offer low rates to certain car models.
Here are the cheapest auto insurance companies for BMW i8 drivers, according to data from Compare.com.
Company | Average Monthly Premium |
|---|---|
| USAA | $135 |
| State Farm | $162 |
| Allstate | $180 |
| GEICO | $200 |
| American Family | $207 |
| Progressive | $241 |
| Nationwide | $250 |
| Travelers | $263 |
| Farmers | $316 |
| Liberty Mutual | $398 |
| User Reviews | 4.2 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.5 /5 |
Customers appreciate the prompt customer service and claims handling but are frustrated by the significant and frequent price increases.
Customers appreciate the prompt customer service and claims handling but are frustrated by the significant and frequent price increases.
With consistently excellent customer reviews and low rates, USAA makes a great choice for eligible drivers. The company also offers strong discount options, including up to 30% through SafePilot, and a perks program that provides discounts on hotels, cruises, rental cars, and more.
| User Reviews | 3.9 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.7 /5 |
Customers appreciate the helpful agents and prompt claim handling, but many are unhappy with the constant rate increases, even for safe drivers. Some also reported poor customer service.
Customers appreciate the helpful agents and prompt claim handling, but many are unhappy with the constant rate increases, even for safe drivers. Some also reported poor customer service.
One of the largest U.S. car insurance companies, State Farm has 19,000 agents to provide top-rated customer care to its customers. Though the insurer limits coverage options, most drivers can find what they need and self-manage their policies with the well-reviewed mobile app.
| User Reviews | 3.5 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.5 /5 |
Customers appreciate the insurer's efficient service and knowledgeable agents but find the consistently rising rates and lack of communication to be major drawbacks.
Customers appreciate the insurer's efficient service and knowledgeable agents but find the consistently rising rates and lack of communication to be major drawbacks.
Allstate offers cheap rates, useful discounts, and valuable coverage options for BMW i8 drivers. If you’re a low-mileage driver, you can also find savings from its highly rated pay-per-mile program, Milewise. The insurer also offers Drivewise, its telematics program that safe drivers can use to save on coverage.
A vehicle’s model year affects car insurance rates because cars depreciate in value as they age. Generally, the older a car is, the lower its value. The BMW i8’s higher starting point means depreciation will lower rates, but not much lower than the average new vehicle.
The tables below show how insurance rates change by model year and list the cheapest companies for each year, based on Compare.com data.
i8 Model Year | Average Monthly Premium |
|---|---|
| 2020 | $303 |
| 2019 | $296 |
| 2018 | $285 |
| 2017 | $280 |
| 2016 | $272 |
| 2015 | $267 |
| 2014 | $263 |
Company | Average Monthly Premium |
|---|---|
| USAA | $150 |
| State Farm | $180 |
| Allstate | $200 |
| GEICO | $222 |
| American Family | $230 |
Company | Average Monthly Premium |
|---|---|
| USAA | $147 |
| State Farm | $175 |
| Allstate | $195 |
| GEICO | $217 |
| American Family | $224 |
Company | Average Monthly Premium |
|---|---|
| USAA | $141 |
| State Farm | $169 |
| Allstate | $188 |
| GEICO | $209 |
| American Family | $216 |
Company | Average Monthly Premium |
|---|---|
| USAA | $139 |
| State Farm | $166 |
| Allstate | $184 |
| GEICO | $205 |
| American Family | $212 |
Company | Average Monthly Premium |
|---|---|
| USAA | $135 |
| State Farm | $162 |
| Allstate | $180 |
| GEICO | $200 |
| American Family | $207 |
Company | Average Monthly Premium |
|---|---|
| USAA | $133 |
| State Farm | $159 |
| Allstate | $176 |
| GEICO | $196 |
| American Family | $203 |
Your location significantly influences your premiums because different states and municipalities have different insurance laws, claim rates, and climate conditions that can affect risk.[4] Anything that affects risk will also affect prices.
The map below highlights the average BMW i8 insurance premiums for each state, according to quoting data from Compare.com.
State | Average Monthly Premium |
|---|---|
| Alabama | $248 |
| Alaska | $244 |
| Arizona | $302 |
| Arkansas | $309 |
| California | $388 |
| Colorado | $378 |
| Connecticut | $497 |
| Delaware | $453 |
| Florida | $393 |
| Georgia | $476 |
| Hawaii | $248 |
| Idaho | $195 |
| Illinois | $285 |
| Indiana | $246 |
| Iowa | $195 |
| Kansas | $279 |
| Kentucky | $355 |
| Louisiana | $374 |
| Maine | $279 |
| Maryland | $541 |
| Massachusetts | $275 |
| Michigan | $405 |
| Minnesota | $313 |
| Mississippi | $262 |
| Missouri | $332 |
| Montana | $271 |
| Nebraska | $265 |
| Nevada | $458 |
| New Hampshire | $162 |
| New Jersey | $478 |
| New Mexico | $264 |
| New York | $353 |
| North Carolina | $168 |
| North Dakota | $222 |
| Ohio | $227 |
| Oklahoma | $323 |
| Oregon | $269 |
| Pennsylvania | $298 |
| Rhode Island | $416 |
| South Carolina | $445 |
| South Dakota | $262 |
| Tennessee | $254 |
| Texas | $409 |
| Utah | $275 |
| Vermont | $279 |
| Virginia | $340 |
| Washington | $315 |
| Washington D.C. | $590 |
| West Virginia | $283 |
| Wisconsin | $218 |
| Wyoming | $193 |
Driver age has a big effect on car insurance costs. Teens and young drivers pay the most because their risk for at-fault accidents is higher than all other age groups.[5] Rates drop as we age, typically reaching lifetime lows in our senior years.
Here’s how this pattern applies to BMW i8 insurance premiums, according to Compare.com data.
Age Group | Average Monthly Premium |
|---|---|
| Teens | $526 |
| Adults | $259 |
| Seniors | $232 |
Teen drivers pay high rates primarily because of their inexperience on the road, lower rates of seat belt use, and higher rates of distracted driving.[5] They also speed more than other groups, which can increase the risk of car accidents.[6] Even so, younger drivers can still find a good deal by working with an affordable insurer.
Here are the cheapest car insurance companies for BMW i8 teens and young drivers, based on data from Compare.com.
Insurance companies typically offer lower rates to senior drivers because they have more experience on the road, drive less, and account for fewer car accidents than other age groups.[7] [8] Still, some insurers lower rates even for seniors.
The table below shows the cheapest options for senior BMW i8 drivers, according to our data.
Your driving record affects insurance rates because insurers use your history to predict future driving behavior. Drivers with clean records get lower rates (and good driver discounts), while drivers with tickets pay more.[4]
The table below highlights pricing for BMW i8 drivers with varying driving histories, based on Compare.com data.
Driving Record | Average Monthly Premium |
|---|---|
| Clean record | $272 |
| Speeding ticket | $365 |
| At-fault accident | $390 |
| DUI | $439 |
BMW i8 drivers with a clean record get the lowest rates, which rise sharply for serious offenses, such as driving under the influence (DUI). Below, we take a closer look at how each violation affects premiums.
Speeding tickets raise car insurance rates because speeding greatly increases the risk of a car accident. In fact, speeding accounted for 12,000, or 29%, of all car accident fatalities in 2023.[6] But some insurers offer lower rates to this group than others.
Here are the cheapest insurers for i8 drivers with a speeding ticket, according to our data.
If you have an at-fault accident on your record, your insurer will typically increase your premium to adjust for the level of risk you pose, according to the Insurance Information Institute.[9] Though insurers always charge more for higher-risk drivers, some insurance companies still offer a good deal.
This table shows the most affordable insurers for i8 drivers with an at-fault accident, based on data from Compare.com.
Drivers with a DUI tend to receive some of the highest car insurance rates because alcohol-related car accidents account for about one-third of all traffic fatalities.[10] Insurers may also view you as more likely to have another DUI if you’ve already had one. That said, some insurance companies can offer lower-than-average premiums to this group.
The table below lists the cheapest insurers for i8 drivers with a DUI, according to data from the Compare.com team.
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Your vehicle’s specs and features affect rates. Here are the most significant BMW i8 features likely influencing your costs.
Value: The average resale price of the 2020 BMW i8 is around $75,000.[11] Compared to the average new vehicle price of about $50,000, the i8 retains a higher value, which can cause higher insurance rates.[12]
Horsepower: The i8 has a powerful engine, which increases the risk of speeding and can raise car insurance costs.
Safety features: With a collision warning system, surround-view camera, and pedestrian detection system, the i8’s safety features may help you earn vehicle safety discounts.
Classification: Insurers view sports cars as a higher risk and charge more expensive premiums for this vehicle class.[13]
Trim level: The i8 coupe costs less than the roadster, which translates into lower and higher rates, respectively.
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Below, we’ve listed the best ways for BMW i8 drivers to earn lower car insurance rates.
Enroll in a telematics program. You can save dramatically by signing up for a telematics program and practicing safe driving habits.
Bundle policies. Earn a valuable multi-policy discount for bundling home insurance with your auto policy.
Increase deductibles. The higher your car insurance deductibles, the lower the corresponding premiums.
Garage your car. Storing your vehicle in a locked garage reduces the chance of theft, weather damage, and vandalism, lowering comprehensive insurance premiums.
Compare policies. Gathering and comparing car insurance quotes regularly ensures you never miss a chance to save.
Comparing car insurance quotes can save you up to $867
Here are answers to a few common questions about BMW i8 insurance costs, coverage, and affordability.
Yes. The BMW i8 is a luxury plug-in hybrid sports car, and insurers generally charge higher-than-average rates due to its pricing, performance engine, and sports car classification.
USAA offers the lowest average rates for i8 drivers, followed by State Farm and Allstate, according to Compare.com data. Availability and pricing vary by driver profile and location.
A 2025 BMW i8 doesn’t exist because production ended in 2020. The average monthly cost of car insurance for an existing BMW i8 is $272, depending on the coverage level, driving record, and location.
BMW models like the 2 Series and 3 Series typically cost less to insure than the i8 because they have lower purchase prices — even for 2026 model vehicles.
Data scientists at Compare.com analyzed more than 50 million real-time auto insurance quotes from more than 75 partner insurers in order to compile the rates and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.
All the rates listed in this article have been collected from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide readers with insights into how auto insurance companies determine their premiums.
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Compare.com's #1 goal is to save you money. We publish resources that are based on hard-hitting data and years of industry experience to help you make more informed decisions with your wallet.
Learn more about us, our team, and what makes us tick.
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J.J. Starr is an insurance and personal finance expert who has been writing for Compare.com since 2022. Her work has been published across the web, appearing on sites such as Insurify.
Prior to writing for Compare.com, J.J. was a registered banker and life insurance consultant, holding a Series 6, FINRA, and life insurance license. She also earned a master’s degree in writing from New York University.
J.J. has a passion for helping people save money by explaining complex topics like car insurance in a way that is simple and easy to understand.
Licensed auto and home insurance agent
4+ years of experience in insurance and personal finance editing
NPN: 20564519
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
Licensed property and casualty insurance agent
NPN: 21630969
MacK Korris is a licensed insurance agent who reviews and fact-checks articles for Compare.com. MacK has several years of experience reviewing and editing a variety of insurance topics, and he also holds valid insurance producer licenses in property and casualty lines from the Missouri Department of Commerce and Insurance (NPN #21630969).
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