BMW 230i Car Insurance Cost 2025
Getting insurance for a BMW 230i costs an average of $2,000 per year. However, the exact cost can vary based on factors such as your age, the year of the car model, your location, driving history, and the specific coverage options you choose. To get a more accurate estimate of your insurance costs, you can use quote tables to compare rates from different providers based on your unique profile.
We’ve saved shoppers an average of $600 per year on their car insurance.
Insuring a 2025 BMW 230i typically costs more than insuring a non-luxury vehicle, but it remains one of the more affordable models in the BMW lineup. On average, drivers can expect to pay between $2,000 and $3,500 per year for full coverage, depending on factors like driving history, location, age, and selected insurance provider.
The 230i’s luxury status, performance features, and advanced technology contribute to its higher premiums, as repairs and parts tend to be more expensive. However, comparison shopping and taking advantage of available discounts can help BMW 230i owners find more competitive insurance rates.
How Much Does BMW 230i Car Insurance Cost?
Typically, BMW 230i drivers can find car insurance at an average rate of $2,000 per year.
While USAA’s rate provides a helpful starting point, it’s important to understand that car insurance costs can vary significantly due to several factors. These factors include your location, driving history, car age, and the specific coverage options you choose. Maintaining a clean driving record often results in lower premiums, while a history of accidents or traffic violations can increase rates.
Additionally, living in a busy urban area typically leads to higher insurance rates compared to quieter rural areas. The type of coverage you select also impacts your premium – comprehensive coverage, which includes both comprehensive and collision coverage, will be more expensive than basic liability coverage.
At Insuranceopedia, we’re here to help you compare quotes from different insurance providers to ensure you find the most favorable deal.
Average Insurance Cost Of BMW 230i By Model Year
| Model Year | Average Premium |
| 2024 BMW 230i | $3,275 |
| 2024 BMW 230i | $3,370 |
| 2023 BMW 230i | $1,964 |
| 2022 BMW 230i | $1,052 |
| 2021 BMW 230i | $1,666 |
| 2020 BMW 230i | $1,429 |
| 2019 BMW 230i | $1,556 |
| 2018 BMW 230i | $1,214 |
| 2017 BMW 230i | $1,019 |
2025 BMW 230i Insurance Rates
The average annual insurance cost for a 2025 BMW 230i is $3,275. However, National General RAD offers the cheapest rates, averaging $2,050 per year.
| Insurance Provider | Average Annual Cost |
| Nationwide | $3,908 |
| USAA | $2,310 |
| Grange | $3,140 |
| State Farm | $3,365 |
| Farmers | $3,437 |
| 21st Century | $3,452 |
| California Capital | $3,468 |
| Hartford | $3,674 |
| Metropolitan | $3,969 |
| National General RAD | $2,025 |
2024 BMW 230i Insurance Rates
The average annual insurance cost for a 2024 BMW 230i is $3,370. However, USAA offers the cheapest rates, averaging $2,279 per year.
| Insurance Provider | Average Annual Cost |
| USAA | $2,279 |
| 21st Century | $3,452 |
| Metropolitan | $3,987 |
| Grange | $3,100 |
| Hartford | $3,624 |
| Farmers | $3,423 |
| Nationwide | $3,911 |
| California Capital | $3,481 |
| Unitrin | $3,132 |
| State Farm | $3,376 |
2023 BMW 230i Insurance Rates
The average annual insurance cost for a 2023 BMW 230i is $1,964. However, Mercury offers the cheapest rates, averaging $1,561 per year.
| Insurance Provider | Average Annual Cost |
| Mercury | $1,561 |
| State Farm | $2,316 |
| Farmers | $2,256 |
| California Capital | $1,414 |
| Travelers | $2,184 |
| USAA | $2,043 |
| Grange | $2,147 |
| Metropolitan | $1,646 |
| 21st Century | $1,761 |
| Hartford | $2,309 |
2022 BMW 230i Insurance Rates
The average annual insurance cost for a 2022 BMW 230i is $1,052. However, Kemper Auto | Infinity offers the cheapest rates, averaging $589 per year.
| Insurance Provider | Average Annual Cost |
| Hastings Mutual Insurance Co | $643 |
| Western Reserve | $1,311 |
| National General | $813 |
| Buckeye Insurance Group | $780 |
| GMAC Insurance Group | $1,631 |
| Safeco | $880 |
| Grange Mutual | $1,325 |
| Kemper Auto | Infinity | $589 |
| Texas Farm Bureau Group | $1,245 |
| North Carolina Farm Bureau | $1,298 |
2021 BMW 230i Insurance Rates
The average annual insurance cost for a 2021 BMW 230i is $1,666. However, North Carolina Farm Bureau offers the cheapest rates, averaging $1,324 per year.
| Insurance Provider | Average Annual Cost |
| Allied | $2,159 |
| North Carolina Farm Bureau | $1,324 |
| MO Farm Bureau Services | $2,011 |
| GMAC Insurance Group | $1,427 |
| New Jersey Manufacturers | $1,491 |
| Donegal Mutual Insurance Co | $1,521 |
| Pekin Insurance | $1,667 |
| Texas Farm Bureau Group | $1,543 |
| American Independent Ins Co | $1,786 |
| Atlantic States Insurance | $1,732 |
2020 BMW 230i Insurance Rates
The average annual insurance cost for a 2020 BMW 230i is $1,429. However, Pekin Insurance offers the cheapest rates, averaging $982 per year.
| Insurance Provider | Average Annual Cost |
| Tennessee Farmers | $1,240 |
| MO Farm Bureau Services | $1,667 |
| Westfield | $1,700 |
| New York Central Mutual Fire | $1,082 |
| Direct Auto | $1,437 |
| Pekin Insurance | $982 |
| Hastings Mutual Insurance Co | $1,498 |
| Grange Mutual | $1,712 |
| SECURA Insurance | $1,475 |
| NatGen Value | $1,495 |
2019 BMW 230i Insurance Rates
The average annual insurance cost for a 2019 BMW 230i is $1,556. However, Safety Group offers the cheapest rates, averaging $1,188 per year.
| Insurance Provider | Average Annual Cost |
| National Grange Mutual | $1,758 |
| Direct Auto | $1,307 |
| Farm Bureau Mutual (IA Group) | $1,568 |
| Mississippi Farm Bureau | $1,720 |
| Norfolk and Dedham Group | $1,279 |
| Plymouth Rock Assurance | $1,695 |
| Safety Group | $1,188 |
| ACE American Pool | $1,724 |
| Arbella Insurance Group | $1,829 |
| Pekin Insurance | $1,493 |
2018 BMW 230i Insurance Rates
The average annual insurance cost for a 2018 BMW 230i is $1,214. However, American National P offers the cheapest rates, averaging $321 per year.
| Insurance Provider | Average Annual Cost |
| American National P | $321 |
| Safeco | $445 |
| Cincinnati Insurance | $1,872 |
| Direct Auto | $1,326 |
| New Jersey Manufacturers | $1,487 |
| Mississippi Farm Bureau | $1,676 |
| Penn National | $1,382 |
| Virginia Farm Bureau | $1,006 |
| Texas Farm Bureau Group | $1,457 |
| Southern Farm Bureau | $1,165 |
2017 BMW 230i Insurance Rates
The average annual insurance cost for a 2017 BMW 230i is $1,019. However, American National P offers the cheapest rates, averaging $390 per year.
| Insurance Provider | Average Annual Cost |
| Norfolk and Dedham Group | $1,330 |
| Hastings Mutual Insurance Co | $1,133 |
| Grange Mutual | $1,034 |
| Texas Farm Bureau Group | $1,126 |
| Buckeye Insurance Group | $615 |
| Mutual Of Enumclaw | $1,126 |
| Western Reserve | $1,214 |
| American National P | $390 |
| Auto-Owners Insurance Co | $941 |
| Safety Group | $1,277 |
Find Affordable BMW 230i Insurance Rates
Are BMW 230is Expensive To Insure?
Yes, BMW 230i models are generally more expensive to insure compared to standard vehicles. As part of BMW’s luxury lineup, the 230i comes equipped with advanced technology, performance capabilities, and premium parts—all of which increase repair and replacement costs. Insurers factor in these expenses when setting premiums. While it’s one of the more affordable BMW models, the 230i still carries higher-than-average insurance rates. Costs also vary depending on the driver’s age, location, driving history, and coverage levels. To save, it’s a good idea to compare quotes from multiple providers and consider bundling policies or raising deductibles.
Cheapest Car Insurance Companies For A BMW 230i
These insurance providers offer some of the most competitive rates for the BMW 230i in 2025. Nationwide stands out with the lowest estimated annual premium, making it an attractive option for cost-conscious drivers. USAA and Grange also provide affordable rates, closely following Nationwide. State Farm and Farmers complete the list, offering reasonable premiums that balance cost with coverage. It’s important to note that actual insurance costs can vary based on factors such as driving history, location, and selected coverage options. Therefore, it’s advisable to obtain personalized quotes from these providers to determine the best fit for your specific needs.
| Insurance Company | Annual Premium |
| Nationwide | $163 |
| USAA | $193 |
| Grange | $262 |
| State Farm | $280 |
| Farmers | $286 |
Common A BMW 230i Insurance Discounts
Discounts are an effective way to reduce your car insurance expenses. While each auto insurance provider offers its unique set of discounts, there are several common ones you can explore:
- Multi-policy: Bundling your home and auto insurance with the same provider can often result in a reduced rate.
- Pay annually: Paying your premium in a single lump sum instead of monthly installments can lead to savings.
- Defensive driving: Completing a certified defensive driving course can make you eligible for discounts.
Additionally, there may be other discounts tailored to your profile. Contact your insurance agent for personalized advice on discounts you qualify for, ensuring you maximize potential savings.
Compare BMW 230i To Other BMW Models
Looking for other BMW model insurance costs?
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Our Methodology
To calculate average car insurance costs, Insuranceopedia analyzed thousands of quotes from top auto insurance companies. The sample profile used for this calculation represents a 40-year-old male purchasing full-coverage car insurance with $100,000 in property damage liability, $100,000 in bodily injury liability, and a $1,000 deductible. Keep in mind that the figures in this guide are averages and may vary based on your personal details, such as age, location, driving history, and specific coverage choices.
Quotes Analyzed
Brands Reviewed
Research Hours
Years Of Experience
FAQs
Do You Need Insurance Before You Can Purchase A BMW 230i?
Yes, proof of insurance is required before you can drive your BMW 230i off the dealership lot. It’s recommended to purchase a policy in advance and notify your insurance company about your upcoming car purchase, rather than obtaining insurance through the dealership.
How Can You Get The Cheapest Insurance For Your BMW 230i?
The most effective way to secure the lowest insurance rates for your BMW 230i is by shopping around and comparing quotes from various auto insurance providers. Insuranceopedia simplifies this process by enabling you to compare quotes from multiple companies directly on their website.
