BMW XM Insurance Rates

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UPDATED: Mar 28, 2024

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U.S. average insurance rates for a BMW XM are $2,176 a year for full coverage. Comprehensive costs around $466, collision insurance costs $1,220, and liability coverage is $354. Liability-only insurance costs around $406 a year, and high-risk driver insurance costs around $4,818. 16-year-old drivers pay the highest rates at up to $7,770 a year.

Average premium for full coverage: $2,176

Price estimates for individual coverage:

Comprehensive $466
Collision $1220
Liability $354

Prices are based on $500 physical damage insurance deductibles, 30/60 bodily injury liability limits, and includes UM/UIM and medical coverage. Estimates are averaged for all states and for different XM trim levels.

Price Range from Low to High

For a 40-year-old driver, BMW XM insurance prices range from the low end price of $406 for a discount liability-only rate to a much higher rate of $4,818 for a driver who requires high-risk insurance.

Liability Only $406
Full Coverage $2,176
High Risk $4,818

Geographic Price Range

Choosing to live in a large city has a large influence on auto insurance rates. Areas with sparse population have lower incidents of accident claims than congested cities. The price range example below illustrates how your location can change auto insurance rates.

Rural Areas $1,632
Small Cities $2,285
Large Cities $2,938

The ranges above show why anyone shopping for car insurance should compare rates quotes for a specific zip code, rather than using rate averages.

Use the form below to get customized rates for your location.

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Rates by State, City, and Model

The chart below shows average BMW XM insurance rates for additional coverage choices and driver risks.

  • The best full coverage rate is $1,156
  • Raising to $1,000 deductibles will save about $380 a year
  • The estimated price for the average middle-age driver using $500 deductibles is $2,176
  • Buying more expensive low deductibles bumps up the cost to $2,932
  • Unlucky drivers with multiple tickets or accidents could pay at least $4,818
  • The price that insures a teenage driver with full coverage can be $7,770

View Chart as Image

BMW XM insurance cost comparison chart
Column chart showing BMW XM insurance rates range from $1,156 to $7,770 for full coverage

Car insurance prices for a BMW XM are also quite variable based on the model year and trim level, how you drive, and deductibles and policy limits.

If you have some driving violations or you caused an accident, you could be paying at least $2,700 to $3,500 extra each year, depending on your age. High-risk driver insurance is expensive and can cost around 45% to 138% more than the average rate. View High Risk Driver Rates

An older driver with no driving violations and higher comprehensive and collision deductibles may only pay around $2,000 every 12 months on average for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records will be charged as much as $7,700 a year. View Rates by Age

The state you live in also has a big influence on BMW XM insurance rates. A middle-age driver might find prices as low as $1,430 a year in states like Idaho, Maine, and Iowa, or at least $3,100 on average in Michigan, Louisiana, and New York.

BMW XM Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,964 -$212 -9.7%
Alaska $1,668 -$508 -23.3%
Arizona $1,804 -$372 -17.1%
Arkansas $2,176 -$0 0.0%
California $2,478 $302 13.9%
Colorado $2,074 -$102 -4.7%
Connecticut $2,232 $56 2.6%
Delaware $2,458 $282 13.0%
Florida $2,716 $540 24.8%
Georgia $2,008 -$168 -7.7%
Hawaii $1,562 -$614 -28.2%
Idaho $1,474 -$702 -32.3%
Illinois $1,620 -$556 -25.6%
Indiana $1,640 -$536 -24.6%
Iowa $1,466 -$710 -32.6%
Kansas $2,064 -$112 -5.1%
Kentucky $2,966 $790 36.3%
Louisiana $3,220 $1,044 48.0%
Maine $1,342 -$834 -38.3%
Maryland $1,794 -$382 -17.6%
Massachusetts $1,734 -$442 -20.3%
Michigan $3,774 $1,598 73.4%
Minnesota $1,820 -$356 -16.4%
Mississippi $2,604 $428 19.7%
Missouri $1,930 -$246 -11.3%
Montana $2,334 $158 7.3%
Nebraska $1,710 -$466 -21.4%
Nevada $2,606 $430 19.8%
New Hampshire $1,566 -$610 -28.0%
New Jersey $2,430 $254 11.7%
New Mexico $1,924 -$252 -11.6%
New York $2,288 $112 5.1%
North Carolina $1,252 -$924 -42.5%
North Dakota $1,782 -$394 -18.1%
Ohio $1,500 -$676 -31.1%
Oklahoma $2,230 $54 2.5%
Oregon $1,992 -$184 -8.5%
Pennsylvania $2,072 -$104 -4.8%
Rhode Island $2,900 $724 33.3%
South Carolina $1,970 -$206 -9.5%
South Dakota $1,832 -$344 -15.8%
Tennessee $1,902 -$274 -12.6%
Texas $2,618 $442 20.3%
Utah $1,608 -$568 -26.1%
Vermont $1,486 -$690 -31.7%
Virginia $1,302 -$874 -40.2%
Washington $1,680 -$496 -22.8%
West Virginia $1,994 -$182 -8.4%
Wisconsin $1,502 -$674 -31.0%
Wyoming $1,934 -$242 -11.1%

View Chart as Image

BMW XM insurance rates by U.S. city

Opting for high physical damage deductibles can reduce prices by up to $1,140 a year, while increasing your policy's liability limits will increase prices. Going from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $318 extra every 12 months. View Rates by Deductible or Liability Limit

BMW XM Insurance Rates by Model Year
Model Year Comprehensive Collision Liability Total Premium
2024 BMW XM $482 $1,250 $338 $2,206
2023 BMW XM $466 $1,220 $354 $2,176
2022 BMW XM $450 $1,168 $364 $2,118

Rates are averaged for all BMW XM models and trim levels. Rates assume a 40-year-old male driver, full coverage with $500 deductibles, and a clean driving record.

How to Find Affordable BMW XM Insurance

Getting lower rates on auto insurance consists of being a low-risk driver, having a positive credit history, eliminating unnecessary coverage, and consideration of higher deductibles. Comparison shop at every other renewal by requesting quotes from direct carriers, and also from several local insurance agents.

The items below are a brief review of the concepts that were illustrated above.

  • Drivers with DUI or reckless driving convictions pay on average $2,640 more every year to insure their XM
  • Teen drivers are the costliest to insure, with premiums as much as $648 a month if full coverage is purchased
  • Drivers can save up to $290 per year just by shopping early and online
  • Increasing physical damage deductibles can save approximately $1,125 each year
  • Drivers can save up to $290 per year just by shopping early and online

Rates by Driver Age

BMW XM Insurance Rates by Driver Age
Driver Age Premium
16 $7,770
20 $5,170
30 $2,314
40 $2,176
50 $1,984
60 $1,952

Full coverage, $500 deductibles

Rates by Deductible

BMW XM Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,932
$250 $2,574
$500 $2,176
$1,000 $1,796

Full coverage, driver age 40

Rates by Liability Limit

BMW XM Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $2,176
50/100 $2,247
100/300 $2,335
250/500 $2,565
100 CSL $2,282
300 CSL $2,477
500 CSL $2,619

Full coverage, driver age 40

Rates for High Risk Drivers

BMW XM Insurance Rates for High Risk Drivers
Age Premium
16 $11,266
20 $8,260
30 $4,974
40 $4,818
50 $4,596
60 $4,564

Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident

If a financial responsibility filing is required, the additional charge below may also apply.

SR-22 Surcharge $334

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $122
Multi-vehicle $118
Homeowner $27
5-yr Accident Free $194
5-yr Claim Free $149
Paid in Full/EFT $122
Advance Quote $125
Online Quote $163
Total Discounts $1,020
Rate after discounts $1,156

Discounts are estimated and may not be available from every company or in every state.

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