- BMW 228i insurance costs an average of $1,504 per year, or around $125 per month for full coverage.
- With an average car insurance cost range of $54, the cheapest BMW 228i trim level to insure is the Convertible at around $1,476 per year, and the most expensive trim being the xDrive Coupe at $1,530 annually.
- Ranked fifth out of 26 other models in the 2016 small luxury car class, car insurance rates for the BMW 228i cost $75 less per year than the average cost for the segment.
How much does BMW 228i car insurance cost?
BMW 228i car insurance rates average $1,504 annually for full coverage, or $125 on a monthly basis. With the average small luxury car costing $1,579 a year to insure, the BMW 228i could save an estimated $75 or more on an annual basis.
The chart below details how average BMW 228i car insurance rates change based on a variety of driver ages and the chosen policy deductibles.
Insurance rates in the chart above vary from the cheapest average rate of $1,142 per year for a driver age 60 with $1,000 comprehensive and collision deductibles to the most expensive average rate of $3,476 per year for a driver age 20 with $250 physical damage deductibles.
The data below details average full coverage insurance rates for the BMW 228i for the 2014 to 2016 model years.
| Model Year and Vehicle | Annual Rate | 6-month Rate | Monthly Rate |
|---|---|---|---|
| 2023 BMW 228i | $1,920 | $960 | $160 |
| 2022 BMW 228i | $1,788 | $894 | $149 |
| 2016 BMW 228i | $1,504 | $752 | $125 |
| 2015 BMW 228i | $1,472 | $736 | $123 |
| 2014 BMW 228i | $1,446 | $723 | $121 |
The next table details insurance rates on a 2016 BMW 228i, including a monthly budget amount, for each available trim level.
| BMW 228i Trim Level | Annual Policy | 6-month Policy | Per Month |
|---|---|---|---|
| Convertible | $1,476 | $738 | $123 |
| Coupe | $1,490 | $745 | $124 |
| S Coupe | $1,490 | $745 | $124 |
| S xDrive Coupe | $1,530 | $765 | $128 |
| xDrive Coupe | $1,530 | $765 | $128 |
How does BMW 228i insurance cost compare?
The BMW 228i ranks fifth out of 26 total vehicles in the 2016 small luxury car class for insurance affordability. The 228i costs $75 or 4.7% less per year than the average rate for comparable models.
Full coverage insurance costs an average of $1,504 per year for this BMW model, while the average for all comparable small luxury cars is $1,579 per year.
When compared side-by-side to other small luxury cars, auto insurance rates for a BMW 228i cost $130 less per year than the Mercedes-Benz C300, $46 more than the Volvo S60, and $16 more than the Acura TLX.
The next chart shows how car insurance cost for the BMW 228i compares to the top-selling small luxury cars for 2016 like the Audi A4, Lexus IS 350, and the BMW i3. A table with more comprehensive data is also included after the chart breaking down insurance cost comparisons and rankings for the entire 26 vehicle small luxury car segment.
| Rank | Make/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | BMW 228xi | $1,322 | -$182 |
| 2 | Mercedes-Benz SLK 300 | $1,442 | -$62 |
| 3 | Volvo S60 | $1,458 | -$46 |
| 4 | Acura TLX | $1,488 | -$16 |
| 5 | BMW 228i | $1,504 | -- |
| 6 | BMW i3 | $1,510 | $6 |
| 7 | Audi S3 | $1,524 | $20 |
| 8 | BMW 340i | $1,540 | $36 |
| 9 | BMW 335xi | $1,544 | $40 |
| 10 | BMW 328i | $1,560 | $56 |
| 11 | BMW 320i | $1,564 | $60 |
| 12 | Lexus CT 200H | $1,570 | $66 |
| 13 | Audi A4 | $1,572 | $68 |
| 14 | Mercedes-Benz SLK 350 | $1,580 | $76 |
| 15 | BMW M235i | $1,582 | $78 |
| 16 | BMW 328d | $1,594 | $90 |
| 17 | Lexus RC 200T | $1,600 | $96 |
| 18 | Cadillac ATS | $1,606 | $102 |
| 19 | Mercedes-Benz B250E | $1,624 | $120 |
| 20 | Mercedes-Benz C300 | $1,634 | $130 |
| 21 | BMW 328xi | $1,652 | $148 |
| 22 | Lexus RC 350 | $1,654 | $150 |
| 23 | BMW 330e | $1,664 | $160 |
| 24 | Lexus IS 200T | $1,684 | $180 |
| 25 | Lexus GS 200T | $1,788 | $284 |
| 26 | Lexus IS 350 | $1,794 | $290 |
Additional car insurance rates and discounts
Listed below are some additional rates for different policy situations you may run into, as well as some money-saving tips and policy discounts to look for.
- Insuring teen drivers is expensive. Average rates for full coverage BMW 228i insurance costs $5,426 per year for a 16-year-old driver, $5,068 per year for a 17-year-old driver, $4,734 per year for a 18-year-old driver, and $4,280 per year for a 19-year-old driver.
- Earn a discount from your employment. Most car insurance companies offer discounts for having a job in professions like doctors, scientists, accountants, lawyers, nurses, architects, and others. Being employed in a qualifying occupation could potentially save between $45 and $144 on your yearly car insurance bill.
- Rated driver gender affects the rate you pay. For a 2016 BMW 228i, a 20-year-old man pays an estimated $2,996 per year, while a 20-year-old female driver will get a rate of $2,216, a difference of $780 per year. The females get the cheaper rate by far. But by age 50, the cost for men is $1,372 and the female rate is $1,346, a difference of only $26.
- Avoiding accidents keeps insurance rates low. Multiple at-fault accidents raise rates, potentially by an extra $2,116 per year for a 20-year-old driver and even as much as $622 per year for a 40-year-old driver.
- As you get older, rates tend to drop. The difference in insurance cost for a BMW 228i between a 60-year-old driver ($1,348 per year) and a 20-year-old driver ($2,996 per year) is $1,648, or a savings of 55%.
- Raise your credit for better rates. Having a high credit rating of over 800 could save a minimum of $236 per year over a lower credit rating of 670-739. Conversely, a below average credit score could cost as much as $274 more per year.
