BMW 230i Car Insurance Rates for 2023

We compared average insurance cost from the Coupe trim level up to the more costly xDrive Coupe model to see how insurance on the 230i compares to 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 $1,932 per year for a policy with full coverage. Average monthly insurance cost for a 230i ranges from $159 to $163, depending on the trim level of the model being insured.

With the average compact luxury car costing $1,942 a year to insure, expect to pay around $10 less per year for BMW 230i insurance when compared to the segment average.

Collision insurance costs about $878 a year, comprehensive costs $486, and the remaining liability and medical payments insurance costs an estimated $568.

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 2023 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 January 23, 2023
BMW 230i Insurance Cost Summary
BMW 230i Insurance Cost Summary
Driver Risk Profile Annual Rate Monthly Rate
High Risk Driver Age 30$4,378$365
Safe Driver Age 20$3,836$320
At-fault Accidents Age 40$2,716$226
Low Deductibles Age 40$2,534$211
Safe Driver Age 30$2,040$170
Safe Driver Age 40$1,932$161
Safe Driver Age 50$1,758$147
Safe Driver Age 60$1,726$144
High Deductibles Age 40$1,622$135
Discount Rate Age 40$1,604$134

Which BMW 230i has the cheapest insurance rates?

The cheapest model of BMW 230i to insure is the base Coupe at $1,908 per year, or about $159 per month. The most expensive model to insure is the xDrive Coupe, costing $48 more per year.

The next table shows average annual and semi-annual auto insurance rates, including a monthly budget estimate, for each 2023 BMW 230i package and trim level.

2023 BMW 230i Insurance Cost by Trim Level
BMW 230i Trim Level Annual Policy 6-month Policy Per Month
Coupe$1,908$954$159
xDrive Coupe$1,956$978$163

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Table Data Details: Average rates are for a 2023 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 January 23, 2023
BMW 230i Insurance Cost by Trim Level

Is BMW 230i insurance expensive?

The BMW 230i ranks eighth out of 19 total comparison vehicles in the 2023 compact luxury car class. The 230i costs an average of $1,932 per year to insure for full coverage, while the segment average cost is $1,942 annually, a difference of $10 per year.

When compared to the top-selling compact luxury car models, insurance for a BMW 230i costs $140 more per year than the BMW 330i, $16 less than the Mercedes-Benz C300, $38 less than the Volvo S60, and $110 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 2023 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 2023 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 January 23, 2023
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
1Acura Integra$1,584-$348
2BMW 330i$1,792-$140
3Acura TLX$1,822-$110
4Cadillac CT4$1,842-$90
5Genesis G70$1,880-$52
6BMW 330e$1,910-$22
7BMW 228i$1,920-$12
8BMW 230i$1,932--
9Mercedes-Benz C300$1,948$16
10Audi A4$1,954$22
11Lexus RC 350$1,956$24
12Audi S3$1,968$36
13Volvo S60$1,970$38
14Alfa Romeo Giulia$1,992$60
15BMW M235i$1,996$64
16Lexus IS 350$2,028$96
17Audi RS 3$2,106$174
18BMW M240i$2,146$214
19BMW M340i$2,156$224

How much is  insurance on a used 230i?

Insuring a 2017 model year 230i instead of a new 2023 model could save around $454 per year. A 2019 model would be around $316 cheaper each year to insure.

The table below shows typical insurance rates for a BMW 230i for the 2017 to 2023 model years. In this example, insurance costs range from the least expensive rate of $1,478 for a 2017 BMW 230i to a maximum value of $1,932 for a 2023 model year.

BMW 230i Insurance Cost for 2017-2023 Models
Model Year and Vehicle Annual Rate 6-month Rate Monthly Rate
2023 BMW 230i$1,932$966$161
2022 BMW 230i$1,800$900$150
2021 BMW 230i$1,800$900$150
2020 BMW 230i$1,772$886$148
2019 BMW 230i$1,616$808$135
2018 BMW 230i$1,566$783$131
2017 BMW 230i$1,478$739$123

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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 January 23, 2023
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 $58 and $178 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 $2,258 or more per year.
  • BMW 230i insurance rates for teenagers are high. Average rates for full coverage 230i insurance costs $6,848 per year for a 16-year-old driver, $6,418 per year for a 17-year-old driver, and $6,002 per year for a 18-year-old driver.
  • Gender and age affect the rate you pay. For a 2023 BMW 230i, a 20-year-old male receives an average rate of $3,836 per year, while a 20-year-old woman will pay $2,844, a difference of $992 per year in favor of the women by a long shot. But by age 50, male driver rates are $1,758 and female driver rates are $1,722, a difference of only $36.
  • As age goes up, auto insurance cost goes down. The difference in insurance rates for a 2023 230i between a 60-year-old driver ($1,726 per year) and a 30-year-old driver ($2,040 per year) is $314, or a savings of 15.4%.
  • Be a careful driver and pay less for insurance. Too frequent at-fault accidents can raise rates, possibly as much as $892 per year for a 30-year-old driver and even as much as $612 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 $506 per year.