- BMW 430i insurance costs an average of $2,206 per year, or around $184 per month for full coverage.
- Car insurance rates for a BMW 430i range from $2,170 to $2,248 annually for an average driver, depending on trim level.
- The BMW 430i ranks 19th out of 38 vehicles in the midsize luxury car class for insurance affordability.
How much does BMW 430i insurance cost?
BMW 430i insurance costs an average of $2,206 per year for full coverage. Comprehensive (or other-than-collision) coverage costs an estimated $576 a year, liability and medical coverage will cost about $510, and the remaining collision coverage is around $1,120.
The following chart shows how average BMW 430i insurance rates vary based on the age of the rated driver and $250, $500, and $1,000 deductibles.
|Driver Age||Deductible||Annual Cost||Monthly Cost|
Which BMW 430i trim level costs least to insure?
With BMW 430i insurance cost ranging from $2,170 to $2,248 annually, the most budget-friendly trim level to insure is the Gran Coupe. The second cheapest trim level to insure is the Convertible at $2,196 per year. Anticipate paying a minimum of $181 per month to insure a 430i for full coverage.
The costliest models of BMW 430i to insure are the xDrive Coupe at $2,248 and the xDrive Convertible at $2,228 per year. Those trim levels will cost an extra $78 and $58 per year, respectively, over the lowest cost Gran Coupe model.
The table below shows average auto insurance rates, including a monthly budget estimate, for each 2023 BMW 430i trim level.
|BMW 430i Trim Level||Annual Policy||Six-Month Policy||Per Month|
|xDrive Gran Coupe||$2,216||$1,108||$185|
How do BMW 430i insurance rates rank?
The BMW 430i ranks 19th out of 38 total vehicles in the 2023 midsize luxury car class for insurance affordability. The 430i costs $36 or 1.6% less per year than the average rate for comparable models.
The BMW 430i costs an average of $2,206 per year to insure for full coverage and the average for all comparable midsize luxury cars is $2,242 per year.
When BMW 430i car insurance rates are compared to the top-selling other midsize luxury cars, the BMW 430i costs $304 more per year than the Lexus ES 350, $84 more than the BMW 530i, $252 less than the Infiniti Q50, and $228 more than the Mercedes-Benz CLA250.
The chart below shows how 430i car insurance rates compare to other top-selling midsize luxury cars. You can also view an expanded table after the chart displaying typical insurance rates for every vehicle in the midsize luxury car segment, along with a difference column showing how each model compares to the 430i.
|2||Lexus ES 350||$1,902||-$304|
|3||Lexus ES 250||$1,914||-$292|
|4||Lexus RC 300||$1,920||-$286|
|5||Mercedes-Benz AMG CLA35||$1,924||-$282|
|7||Mercedes-Benz AMG CLA45||$1,968||-$238|
|9||Lexus IS 300||$1,986||-$220|
|14||Lexus ES 300h||$2,082||-$124|
|20||Lexus IS 500||$2,212||$6|
|24||Mercedes-Benz EQE 350||$2,312||$106|
|25||Audi RS 5||$2,318||$112|
|28||Mercedes-Benz AMG C43||$2,358||$152|
|30||Mercedes-Benz EQE 500||$2,364||$158|
|33||Lexus LC 500h||$2,640||$434|
|35||Tesla Model S||$2,704||$498|
The table above ranks models strictly based on average insurance cost. A different approach is to discover how the cost of insurance for a BMW 430i compares to midsize luxury sedan models with similar purchase price.
Comparing insurance rates for similarly priced models is useful for those who are shopping within a budget, but want to have the lowest insurance rates.
For the 2023 model year, the average purchase price for a BMW 430i is $50,600, before destination charges and dealer fees.
The vehicles closest in cost to the BMW 430i are the Mercedes-Benz AMG CLA35, Infiniti Q50, Jaguar XF, and Cadillac CT5.
The next list shows how they compare to a BMW 430i for price and average cost to insure.
- Compared to the Mercedes-Benz AMG CLA35 – The cost of the Mercedes-Benz AMG CLA35 averages $10 more than the MSRP for the BMW 430i ($50,610 compared to $50,600). Insuring the Mercedes-Benz AMG CLA35 costs an average of $282 less annually than the BMW 430i.
- Compared to the Infiniti Q50 – The Infiniti Q50 has an average retail price of $50,346, ranging from $47,900 to $58,500, which is $254 cheaper than the average MSRP for the BMW 430i. Anticipate paying an average of $252 more every 12 months for full-coverage insurance on the Infiniti Q50 compared to a 430i.
- Compared to the Jaguar XF – Having an average sticker price of $49,667 ($47,000 to $52,700), the Jaguar XF costs $933 less than the average cost of the BMW 430i. Car insurance on the Jaguar XF costs an average of $218 less annually than the BMW 430i.
- Compared to the Cadillac CT5 – The Cadillac CT5 has an average sticker price of $51,809 ($39,590 to $95,565), which is $1,209 more expensive than the BMW 430i. Drivers can expect to pay around $308 less every 12 months to insure the Cadillac CT5 compared to a 430i.
Additional BMW 430i insurance rates and insights
Some additional rate scenarios for the BMW 430i can be found below, along with some tips for finding possible policy discounts.
- BMW 430i insurance for teenagers can be very expensive. Average rates for full coverage 430i insurance costs $7,666 per year for a 16-year-old driver, $7,242 per year for a 17-year-old driver, and $6,792 per year for an 18-year-old driver.
- Careful drivers have lower rates. Having a few at-fault accidents can really raise rates, possibly as much as $1,028 per year for a 30-year-old driver and even as much as $686 per year for a 50-year-old driver.
- Young male drivers pay the highest rates. For a 2023 BMW 430i, a 20-year-old male driver will pay an estimated rate of $4,400 per year, while a 20-year-old female will pay an average of $3,246, a difference of $1,154 per year. Women get significantly cheaper rates. But by age 50, the cost for a male driver is $2,008 and rates for female drivers are $1,970, a difference of only $38.
- Increasing deductibles lowers insurance cost. Raising your physical damage coverage deductibles from $500 to $1,000 could save around $384 per year for a 40-year-old driver and $758 per year for a 20-year-old driver.
- Low physical damage deductibles may be wasting money. Decreasing your deductibles from $500 to $250 could cost an additional $404 per year for a 40-year-old driver and $796 per year for a 20-year-old driver.
- Obey driving laws to save money. To get the cheapest 430i insurance rates, it’s necessary to follow the law. Just one or two minor moving violations could increase 430i insurance rates by at least $576 per year.
- Expect to pay a lot for high risk insurance. For a 40-year-old driver, having too many driving record violations or accidents can increase the cost by $2,636 or more per year.