Prachi Singh Written by Prachi Singh
Contributing Researcher

Prachi is an insurance writer with a master's degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.


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Car insurance rates vary based on the make and model of the vehicle and trim levels. According to Insurance.com research, the average cost of insuring a Bmw 230i is $2,484 per year or $207 per month. However, these rates can vary depending on your location, driving history, age, and other factors.

The auto insurance rates also change based on the vehicle’s model year. For example, the 2023 Bmw 230i costs $2,484 per year, whereas the 2021 Bmw 230i costs $1,964 annually. State Farm offers the cheapest annual rate for 2023 Bmw 230i $1,729 per year.

Keep reading to learn more about which state offers the cheapest car insurance rates based on model year and which model year is the cheapest to insure amongst all the models surveyed by Insurance.com.

Average insurance cost of Bmw 230i by model year

Year of Bmw 230i ModelAverage Cost to Insure
2023$2,484
2021$1,964
2020$2,008
2019$2,091
2018$2,041
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Compare Bmw 230i insurance rates by state

L O A D I N G
CompanyStyleAverage annual premium
Allstate2WD 2 Door Coupe Automatic DOHC Turbo$4,586
Geico2WD 2 Door Coupe Automatic DOHC Turbo$2,759
Nationwide2WD 2 Door Coupe Automatic DOHC Turbo$2,722
Progressive2WD 2 Door Coupe Automatic DOHC Turbo$3,377
State Farm2WD 2 Door Coupe Automatic DOHC Turbo$1,827

Bmw 230i insurance rates per year

2023

2023 Bmw 230i insurance rates

Average cost to insure $2,484
Annual cheapest rate $1,729
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,729
2Nationwide$2,181
3Geico$2,212
4Progressive$2,591
5Farmers$3,067
6Allstate$3,126
2021

2021 Bmw 230i insurance rates

Average cost to insure $1,964
Annual cheapest rate $1,328
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,328
2Progressive$1,524
3Geico$1,685
4Nationwide$1,867
5Farmers$2,383
6Allstate$2,994
2020

2020 Bmw 230i insurance rates

Average cost to insure $2,008
Annual cheapest rate $1,464
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,464
2Geico$1,578
3Progressive$1,931
4Nationwide$1,986
5Farmers$2,178
6Allstate$2,908
2019

2019 Bmw 230i insurance rates

Average cost to insure $2,091
Annual cheapest rate $1,524
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,524
2Geico$1,631
3Nationwide$1,805
4Progressive$2,209
5Farmers$2,654
6Allstate$2,724
2018

2018 Bmw 230i insurance rates

Average cost to insure $2,041
Annual cheapest rate $1,484
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,484
2Geico$1,620
3Nationwide$1,844
4Progressive$2,121
5Farmers$2,576
6Allstate$2,598
2017

2017 Bmw 230i insurance rates

Average cost to insure $2,025
Annual cheapest rate $1,426
Available trims XDrive
RankCompanyAverage annual premium
1State Farm$1,426
2Geico$1,691
3Nationwide$1,869
4Progressive$2,089
5Farmers$2,508
6Allstate$2,567
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