- BMW 230i car insurance costs $2,630 per year on average, or around $219 per month for full coverage.
- The cheapest BMW 230i insurance is on the base two-door coupe at $2,596 per year, or about $216 per month.
- The BMW 230i is one of the cheaper small luxury cars to insure, costing $11 less per year on average as compared to the rest of the vehicles in the 2024 model year segment.
How much does BMW 230i car insurance cost?
Car insurance for a BMW 230i costs an average of $2,630 per year for a policy with full coverage. Average monthly insurance cost for a 230i ranges from $216 to $222, depending on the trim level of the model being insured.
With the average compact luxury car costing $2,641 a year to insure, expect to pay around $11 less per year for BMW 230i insurance when compared to the segment average.
Collision insurance costs about $1,210 a year, comprehensive costs $676, and the remaining liability and medical payments insurance costs an estimated $744.
The following chart shows average BMW 230i car insurance rates using different driver ages and risk profiles.
Which BMW 230i has the cheapest insurance rates?
The cheapest model of BMW 230i to insure is the base Coupe at $2,596 per year, or about $216 per month. The most expensive model to insure is the xDrive Coupe, costing $66 more per year.
The next table shows average annual and semi-annual auto insurance rates, including a monthly budget estimate, for each 2024 BMW 230i package and trim level.
| 2024 BMW 230i Trim Level | Annual Premium | Cost Per Month |
|---|---|---|
| Coupe | $2,596 | $216 |
| xDrive Coupe | $2,662 | $222 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Updated October 24, 2025
Is BMW 230i insurance expensive?
The BMW 230i ranks 10th out of 18 total comparison vehicles in the 2024 compact luxury car class. The 230i costs an average of $2,630 per year to insure for full coverage, while the segment average cost is $2,641 annually, a difference of $11 per year.
When compared to a few other compact luxury car models, insurance for a BMW 230i costs $238 less per year than the Audi RS 3, $74 less per year than the Alfa Romeo Giulia, $118 more per year than the Genesis G70, and $496 more per year than the Acura Integra.
The chart below shows how BMW 230i car insurance cost compares to other best-selling models in the segment. An expanded table after the chart ranks average insurance rates for the entire 18 vehicle compact luxury car segment for the 2024 model year. It includes a difference column which shows how much higher or lower each model’s insurance cost is compared to the 230i.
| Rank | Make and Model | Annual Premium | Difference |
|---|---|---|---|
| 1 | Acura Integra | $2,134 | -$496 |
| 2 | BMW 330i | $2,444 | -$186 |
| 3 | Acura TLX | $2,484 | -$146 |
| 4 | Cadillac CT4 | $2,506 | -$124 |
| 5 | Genesis G70 | $2,512 | -$118 |
| 6 | Lexus IS 350 | $2,534 | -$96 |
| 7 | Lexus RC 350 | $2,604 | -$26 |
| 8 | BMW 330e | $2,606 | -$24 |
| 9 | BMW 228i | $2,608 | -$22 |
| 10 | BMW 230i | $2,630 | -- |
| 11 | Audi S3 | $2,690 | $60 |
| 12 | Alfa Romeo Giulia | $2,704 | $74 |
| 13 | Audi A4 | $2,762 | $132 |
| 14 | BMW M235i | $2,776 | $146 |
| 15 | Volvo S60 | $2,814 | $184 |
| 16 | Audi RS 3 | $2,868 | $238 |
| 17 | BMW M240i | $2,924 | $294 |
| 18 | BMW M340i | $2,932 | $302 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each vehicle from the 2024 model year. Updated October 24, 2025
How much is insurance on a used 230i?
Insuring a 2017 model year 230i instead of a new 2024 model could save around $736 per year. A 2019 model would be around $524 cheaper each year to insure.
The table below shows typical insurance rates for a BMW 230i for the 2017 to 2024 model years. In this example, insurance costs range from the least expensive rate of $1,894 for a 2017 BMW 230i to a maximum value of $2,630 for a 2024 model year.
| Model Year and Vehicle | Annual Premium | Cost Per Month |
|---|---|---|
| 2024 BMW 230i | $2,630 | $219 |
| 2023 BMW 230i | $2,556 | $213 |
| 2022 BMW 230i | $2,386 | $199 |
| 2021 BMW 230i | $2,394 | $200 |
| 2020 BMW 230i | $2,318 | $193 |
| 2019 BMW 230i | $2,106 | $176 |
| 2018 BMW 230i | $2,006 | $167 |
| 2017 BMW 230i | $1,894 | $158 |
Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all BMW 230i trim levels for each model year. Updated October 24, 2025
Additional BMW 230i insurance rates and discounts
Some additional insurance rates for different situations like high-risk drivers and after at-fault accidents are listed below. Also included are some policy discounts to watch for when buying or renewing your next policy.
- Your employer could save you money. The vast majority of car insurance companies offer discounts for specific professions like architects, engineers, farmers, lawyers, doctors, and other occupations. If you can get this discount applied to your policy, you could save between $79 and $233 on your BMW 230i insurance bill, depending on the level of coverage purchased.
- BMW 230i insurance is expensive for high-risk drivers. For a 50-year-old driver, having too many accidents or violations can potentially increase rates by $3,068 or more per year.
- BMW 230i insurance rates for teenagers are high. Average rates for full coverage 230i insurance costs $9,284 per year for a 16-year-old driver, $9,009 per year for a 17-year-old driver, and $8,099 per year for an 18-year-old driver.
- Gender and age affect the rate you pay. For a 2024 BMW 230i, a 20-year-old male receives an average rate of $5,278 per year, while a 20-year-old woman will pay $3,790, a difference of $1,488 per year in favor of the women by a long shot. But by age 50, male driver rates are $2,328 and female driver rates are $2,270, a difference of only $58.
- As age goes up, auto insurance cost goes down. The difference in insurance rates for a 2024 230i between a 60-year-old driver ($2,176 per year) and a 30-year-old driver ($2,810 per year) is $634, or a savings of 25.4%.
- Be a careful driver and pay less for insurance. Too frequent at-fault accidents can raise rates, possibly as much as $1,262 per year for a 30-year-old driver and even as much as $778 per year for a 50-year-old driver.
- Obey the law to get lower policy cost. To get the lowest-priced 230i insurance rates, it pays to follow the law. In fact, just a couple traffic violations can potentially raise insurance cost by at least $694 per year.