Originating from Germany, this distinguished BMW i8 is renowned for its exceptional performance and reliability.
As a Premium Sports Coupe with a sleek 2-door coupe body style, it radiates an air of refinement and style. Powered by a robust 1.5HTC I3 4WD engine paired with an efficient 6A gearbox, it offers an exhilarating driving experience. With 369hp and 570 Nm of torque at your disposal, acceleration from 0-100 kph takes a swift 4.4 seconds. You can enjoy cruising at a maximum speed of 250kph, while the impressive economy of 47.6 km/L ensures an efficient and cost-effective ride.
However, even with such an excellent collection of features, the cost of repairing the car in case of damage can pose a significant financial burden for owners. Thus, having the vehicle financially secured by BMW i8 insurance becomes of paramount importance.
To learn more about BMW i8 car insurance in the UAE, including its benefits and prices, keep reading this article.
Types of BMW i8 Car Insurance Plans
When it comes to insuring your i8, there are two primary options to consider:
- Third-party insurance: Covers damages inflicted on other people’s property or injuries to other people in an accident where you’re at fault
- Comprehensive insurance: Provides extensive coverage including third-party liabilities and personal accident cover, while also protecting against theft, fire, natural disasters, and damages to your BMW i8, even if you’re the one responsible.
Considering the value and significance of your i8, selecting the right insurance plan tailored to your needs is vital.
Average BMW i8 Insurance Costs
Multiple insurance companies provide coverage for the BMW i8, and prices can vary slightly based on the chosen insurer and plan.
On average, the annual premium typically starts from AED 1100 to AED 4400.
Factors Influencing Insurance Costs
The car insurance cost in the UAE depends on several factors, such as:
- Car’s Value: The BMW i8 is a high-end luxury car, and its high market value directly impacts the insurance premium. For example, a more expensive car like the BMW i8 will have a higher premium compared to a lower-value car.
- Driver’s Age and Experience: The age and driving experience of the BMW i8 owner can significantly influence insurance costs. Younger drivers or those with less experience are considered higher risk, hence may pay more. For instance, a 25-year-old driver would typically pay more than a 40-year-old driver with a clean driving record.
- Location: The location where the BMW i8 is driven and stored affects the insurance cost. Areas with higher rates of theft or accidents may lead to higher premiums. For example, if the car is parked in a high-crime area, the insurance cost may be higher.
- Claim History: If the BMW i8 owner has a history of making frequent insurance claims, insurers may consider them a high-risk client, leading to increased premiums. For instance, an owner who has made three claims in the past two years would likely pay more than an owner with no claims.
- Usage of the Car: The more the BMW i8 is used, the higher the likelihood of an accident, leading to higher insurance costs. For example, a car driven daily for long distances will attract a higher premium than a car driven occasionally.
Tips to Reduce Your Car Insurance Premiums in the UAE
- Install a certified anti-theft device
- Opt for a high deductible plan
- Maintain a clean driving record
- Bundle insurance policies
- Take advantage of low mileage discounts
Eligibility Criteria and Documents Required
Obtaining BMW i8 insurance is straightforward due to minimal eligibility criteria. Ensure you have the required documents for verification during the application process.
Best BMW i8 Car Insurance Providers
Here are the best car insurance providers in the UAE that you can explore:
- AXA Redefining Insurance
- Union Insurance
- Oman Insurance Company
- Noor Takaful
- Dubai Insurance
How to Buy BMW i8 Car Insurance in the UAE?
Ready to purchaseBMW i8 insurance in the UAE? CarInsurance.ae provides a seamless and hassle-free process.
We provide a convenient platform to compare various insurance plans from top providers all in one place. You can insure your dream car with just a few clicks.
Just follow these simple steps:
- Visit our Get Quotes page
- Select the BMW, i8, and year of manufacturing of your car
- Select the city where you will be registering the insurance
- Enter the value of your car and specify any previous insurance claims
- Specify the duration of your UAE driving license
- Lastly, select the type of insurance coverage you prefer
And you’re done!
Upon completing these details, you will see a quote for your car. Begin the process now and protect your BMW i8 with the coverage it deserves!
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FAQs
1. Are BMW i8 cars expensive to insure?
Yes, the BMW i8 tends to be more expensive to insure due to its high market value, performance capabilities, and repair costs.
2. What to do in case of theft my BMW i8 car?
In case of theft, immediately report to the police and your insurance company. Provide them with all the necessary details and documents.
3. Why should I buy comprehensive car insurance for my BMW i8 car?
Comprehensive car insurance is recommended for a BMW i8 as it covers a wide range of potential damages including theft, fire, vandalism, and collision, not just third-party liability. It provides a higher level of protection for your valuable asset.