Vehicles > BMW > i8

BMW I8 Insurance Rates

Shopping for auto insurance on the web saves time, is easy to do and there is a good chance you might just save a little. The key to finding lower rates is to get as many rate quotes as possible in order to have every option.

Comparing auto insurance rates direct online can be a challenge if you are a beginner to online quoting. But don't let that discourage you because comparing prices is actually very simple. Finding a lower price on i8 insurance isn't really that difficult. You just have to take a little time to get quotes online from several insurance companies. This is very easy and can be done by comparing rates here.

Auto insurance rates for a BMW i8 can fluctuate considerably and are calculated by many factors. Some of these factors include:

  • Tickets increase premiums
  • Credit rating impacts rates
  • Where you reside can make a big difference
  • How many miles you drive
  • Men typically pay more than women
  • Deductible amount directly impacts your rate
  • Safety rating of your i8
  • Claims drive up premiums
  • No coverage lapses saves money
  • Whether you own your home

A final factor that will help determine i8 insurance rates is the model year. Newer models have a higher replacement value in comparison to later models so the costs to repair may result in higher rates. Conversely, more recent BMW vehicles may have a trim level with safety features such as adaptive cruise control, sideview assist mirrors, and tire pressure monitors which may lower rates.

To get a better idea how rates are influenced for your specific model year, select the year of your vehicle below.

Liability car insurance

This will cover damage that occurs to other people or property by causing an accident. Liability can pay for things like legal defense fees, bail bonds, and repair bills for other people's vehicles. It is cheap coverage so consider buying as high a limit as you can afford.

Collision coverage

Collision coverage will pay to fix damage to your BMW caused by collision with another car or object. A deductible applies then the remaining damage will be paid by your insurance company. i8 collision insurance is rather expensive coverage, so analyze the benefit of dropping coverage from vehicles that are older. You can also bump up the deductible to bring the cost down.

Comprehensive auto insurance

Comprehensive insurance pays for damage OTHER than collision with another vehicle or object. You first must pay your deductible and the remainder of the damage will be paid by your BMW i8 comprehensive insurance. The most you'll receive from a claim is the cash value of the vehicle, so if it's not worth much more than your deductible it's not worth carrying full coverage.

Uninsured Motorist or Underinsured Motorist insurance

Your UM/UIM coverage protects you and your vehicle's occupants from other drivers when they are uninsured or don't have enough coverage. Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. So UM/UIM coverage is important protection for you and your family.

Coverage for medical expenses

Personal Injury Protection (PIP) and medical payments coverage kick in for short-term medical expenses (i.e. nursing services, prosthetic devices, and dental work). They are often used to fill the gap from your health insurance program or if you do not have health coverage. PIP coverage is only offered in select states and gives slightly broader coverage than med pay.

How Much are BMW i8 Insurance Rates?