BMW 230i Car Insurance Rates for 2022

How much does BMW 230i insurance cost? We analyzed rates from the two-door coupe up to the xDrive Track Handling convertible to see how cost compares to the rest of the small luxury car segment.

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How much does BMW 230i car insurance cost?

Car insurance for a BMW 230i costs an average of $1,650 per year for a policy with full coverage. Average monthly insurance cost for a 230i ranges from $136 to $139, depending on the trim level of the model being insured.

With the average compact luxury car costing $1,717 a year to insure, expect to pay around $67 less per year for BMW 230i insurance when compared to the segment average.

Collision insurance costs about $784 a year, comprehensive costs $434, and the remaining liability and medical payments insurance costs an estimated $432.

The following chart shows average BMW 230i car insurance rates using different driver ages and risk profiles.

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Chart Data Details: Average rates are for a 2022 model year BMW 230i with safe driver and claim-free discounts applied to qualifying risk profiles. Discount Rate includes all possible rate discounts including multi-vehicle, multi-policy, homeowner, and others. Physical damage deductibles are $500 except for low and high deductible estimates which are $100 and $1,000, respectively. Rates are averaged across all U.S. states and all BMW 230i trim levels.Data last updated on April 20, 2022
BMW 230i Insurance Cost Summary
BMW 230i Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$3,728$311
Safe Driver Age 20$3,270$273
At-fault Accidents Age 40$2,310$193
Low Deductibles Age 40$2,186$182
Safe Driver Age 30$1,750$146
Safe Driver Age 40$1,650$138
Safe Driver Age 50$1,502$125
Safe Driver Age 60$1,474$123
High Deductibles Age 40$1,374$115
Discount Rate Age 40$1,372$114

Which BMW 230i has the cheapest insurance rates?

The cheapest model of BMW 230i to insure is the base Coupe at $1,630 per year, or about $136 per month. The most expensive model to insure is the xDrive Coupe, costing $40 more per year.

The next table shows average annual and semi-annual auto insurance rates, including a monthly budget estimate, for each 2022 BMW 230i package and trim level.

2022 BMW 230i Insurance Cost by Trim Level
BMW 230i Trim Level Annual Policy 6-month Policy Per Month
Coupe$1,630$815$136
xDrive Coupe$1,670$835$139

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Table Data Details: Average rates are for a 2022 BMW 230i, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on February 20, 2022
BMW 230i Insurance Cost by Trim Level

Is BMW 230i insurance expensive?

The BMW 230i ranks #7 out of 19 total comparison vehicles in the 2022 compact luxury car class. The 230i costs an average of $1,650 per year to insure for full coverage, while the segment average cost is $1,717 annually, a difference of $67 per year.

When compared to the top-selling compact luxury car models, insurance for a BMW 230i costs $52 more per year than the BMW 330i, $152 less than the Mercedes-Benz C300, $26 more than the Volvo S60, and $42 more than the Acura TLX.

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 19 vehicle compact luxury car segment for the 2022 model year. It includes a difference column which shows how much higher or lower each model’s insurance cost is compared to the 230i.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2022 model year BMW 230i, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all BMW 230i trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on February 25, 2022
BMW 230i vs Top 10 Small Luxury Cars Insurance Cost Comparison
BMW 230i Insurance Cost Compared to All Small Luxury Cars
Rank Make/Model Insurance Cost Difference
1Mercedes-Benz A220$1,486-$164
2BMW 330i$1,598-$52
3Acura TLX$1,608-$42
4Volvo S60$1,624-$26
5BMW 330e$1,630-$20
6BMW 228i$1,640-$10
7BMW 230i$1,650--
8Alfa Romeo Giulia$1,678$28
9Cadillac CT4$1,682$32
10Lexus RC 350$1,686$36
11Genesis G70$1,708$58
12Audi A4$1,752$102
13Audi S3$1,756$106
14Mercedes-Benz C300$1,802$152
15BMW M235i$1,838$188
16Audi RS 3$1,844$194
17BMW M240i$1,872$222
18Lexus IS 350$1,884$234
19BMW M340i$1,890$240

How much is  insurance on a used 230i?

Insuring a 2017 model year 230i instead of a new 2022 model could save around $270 per year. A 2019 model would be around $166 cheaper each year to insure.

The table below shows typical insurance rates for a BMW 230i for the 2017 to 2022 model years. In this example, insurance costs range from the least expensive rate of $1,380 for a 2017 BMW 230i to a maximum value of $1,650 for a 2022 model year.

BMW 230i Insurance Cost for 2017-2022 Models
Model Year and Vehicle Annual Rate 6-month Rate Monthly Rate
2022 BMW 230i$1,650$825$138
2021 BMW 230i$1,640$820$137
2020 BMW 230i$1,608$804$134
2019 BMW 230i$1,484$742$124
2018 BMW 230i$1,444$722$120
2017 BMW 230i$1,380$690$115

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates assume clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on February 20, 2022
BMW 230i Insurance Cost by Model Year

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 $50 and $158 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 $1,910 or more per year.
  • BMW 230i insurance rates for teenagers are high. Average rates for full coverage 230i insurance costs $5,752 per year for a 16-year-old driver, $5,412 per year for a 17-year-old driver, and $5,070 per year for a 18-year-old driver.
  • Gender and age affect the rate you pay. For a 2022 BMW 230i, a 20-year-old male receives an average rate of $3,270 per year, while a 20-year-old woman will pay $2,420, a difference of $850 per year in favor of the women by a long shot. But by age 50, male driver rates are $1,502 and female driver rates are $1,470, a difference of only $32.
  • As age goes up, auto insurance cost goes down. The difference in insurance rates for a 2022 230i between a 60-year-old driver ($1,474 per year) and a 30-year-old driver ($1,750 per year) is $276, or a savings of 15.8%.
  • Be a careful driver and pay less for insurance. Too frequent at-fault accidents can raise rates, possibly as much as $754 per year for a 30-year-old driver and even as much as $510 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 $426 per year.