Car insurance rates vary based on the make and model of the vehicle and trim levels. According to Insurance.com research, the average cost of insuring a Bmw I8 is $3,478 per year or $290 per month. However, these rates can vary depending on your location, driving history, age, and other factors.
The auto insurance rates also change based on the vehicle’s model year. For example, the 2020 Bmw I8 costs $3,478 per year, whereas the 2019 Bmw I8 costs $3,725 annually. Progressive offers the cheapest annual rate for 2020 Bmw I8 $2,350 per year.
Keep reading to learn more about which state offers the cheapest car insurance rates based on model year and which model year is the cheapest to insure amongst all the models surveyed by Insurance.com.
Average insurance cost of Bmw I8 by model year
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| Year of Bmw I8 Model | Average Cost to Insure |
|---|---|
| 2020 | $3,478 |
| 2019 | $3,725 |
| 2018 | $3,400 |
| 2017 | $3,719 |
| 2016 | $3,653 |
Compare BMW I8 Insurance Rates by State
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| Company | Style | Full Coverage(Avg) | Liability Coverage(Avg) | State Minimum Coverage(Avg) |
|---|---|---|---|---|
| Allstate | 2 Door Convertible Turbo Hybrid | $4,837 | $790 | $693 |
| Geico | 2 Door Convertible Turbo Hybrid | $1,399 | $458 | $323 |
| Farmers | 2 Door Convertible Turbo Hybrid | $5,267 | $741 | $635 |
| Nationwide | 2 Door Convertible Turbo Hybrid | $2,893 | $1,152 | $843 |
| Progressive | 2 Door Convertible Turbo Hybrid | $1,700 | $585 | $400 |
| State Farm | 2 Door Convertible Turbo Hybrid | $1,960 | $843 | $598 |
| Allstate | 2 Door Coupe Turbo Hybrid | $4,837 | $790 | $693 |
| Geico | 2 Door Coupe Turbo Hybrid | $3,968 | $458 | $323 |
| Farmers | 2 Door Coupe Turbo Hybrid | $5,267 | $741 | $635 |
| Nationwide | 2 Door Coupe Turbo Hybrid | $6,338 | $939 | $694 |
| Progressive | 2 Door Coupe Turbo Hybrid | $3,863 | $635 | $432 |
| State Farm | 2 Door Coupe Turbo Hybrid | $4,785 | $843 | $598 |
2020 Bmw I8 Insurance Rates
Average Cost to Insure
$3,478
Annual Cheapest Rate
$2,350
Available Trims
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| Rank | Companies | Average Premium |
|---|---|---|
| 1 | Progressive | $2,350 |
| 2 | State Farm | $2,546 |
| 3 | Nationwide | $3,017 |
| 4 | Farmers | $3,022 |
| 5 | Geico | $3,638 |
| 6 | Allstate | $6,296 |
2019 Bmw I8 Insurance Rates
Average Cost to Insure
$3,725
Annual Cheapest Rate
$2,664
Available Trims
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| Rank | Companies | Average Premium |
|---|---|---|
| 1 | Progressive | $2,664 |
| 2 | State Farm | $2,809 |
| 3 | Geico | $3,194 |
| 4 | Farmers | $3,401 |
| 5 | Nationwide | $4,151 |
| 6 | Allstate | $6,129 |
2018 Bmw I8 Insurance Rates
Average Cost to Insure
$3,400
Annual Cheapest Rate
$1,454
Available Trims
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| Rank | Companies | Average Premium |
|---|---|---|
| 1 | Geico | $1,454 |
| 2 | State Farm | $2,805 |
| 3 | Progressive | $3,349 |
| 4 | Farmers | $3,438 |
| 5 | Nationwide | $3,688 |
| 6 | Allstate | $5,663 |
2017 Bmw I8 Insurance Rates
Average Cost to Insure
$3,719
Annual Cheapest Rate
$2,744
Available Trims
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| Rank | Companies | Average Premium |
|---|---|---|
| 1 | State Farm | $2,744 |
| 2 | Geico | $3,226 |
| 3 | Progressive | $3,322 |
| 4 | Farmers | $3,629 |
| 5 | Nationwide | $3,756 |
| 6 | Allstate | $5,638 |
2016 Bmw I8 Insurance Rates
Average Cost to Insure
$3,653
Annual Cheapest Rate
$2,668
Available Trims
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| Rank | Companies | Average Premium |
|---|---|---|
| 1 | State Farm | $2,668 |
| 2 | Geico | $3,124 |
| 3 | Progressive | $3,312 |
| 4 | Farmers | $3,566 |
| 5 | Nationwide | $3,945 |
| 6 | Allstate | $5,301 |
