BMW XM Insurance Rates
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Michelle Robbins
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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 insurance. Comprehensive costs on average $466, collision costs $1,220, and liability costs around $354. Liability-only coverage costs as low as $406 a year, with high-risk coverage costing around $4,818. Teen drivers pay the highest rates at $7,770 a year or more.
Average premium for full coverage: $2,176
Price estimates by individual coverage:
Estimates include $500 deductibles, liability limits of 30/60, and includes UM/UIM and medical coverage. Estimates are averaged for all 50 states and for different XM trim levels.
Price Range from Low to High
Using a middle-aged driver as an example, BMW XM insurance prices go from as low as $406 for a discount liability-only rate to a much higher rate of $4,818 for a driver that may need high-risk insurance.
Geographic Price Range
Where you live can have significant affects on insurance rates. Rural areas have a lower frequency of physical damage claims than larger metro areas.
The price range example below illustrates how where you live affects car insurance rates.
The ranges above illustrate why anyone shopping for car insurance should compare prices based on a specific location and risk profile, instead of using price averages.
Use the form below to get customized rates for your location.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Rates by State, City, and Model
The chart below illustrates estimated BMW XM insurance rates for different risk profiles and scenarios.
- The lowest rate with discounts is $1,156
- Using higher $1,000 deductibles will save around $380 each year
- The average rate for the average middle-age driver with $500 deductibles is $2,176
- Choosing more expensive low deductibles for physical damage coverage will increase the cost to $2,932
- Drivers with multiple violations and an at-fault accident could pay upwards of $4,818 or more
- The price for full coverage for a teen driver with full coverage may cost $7,770 or more
Auto insurance prices for a BMW XM are also quite variable based on your driving record, the model year and trim level, and policy deductibles and limits.
An older driver with a good driving record and high deductibles may pay as little as $2,000 a year for full coverage. Prices are highest for teenage drivers, where even good drivers will have to pay upwards of $7,700 a year. View Rates by Age
The state you live in has a huge impact on BMW XM insurance prices. A driver around age 40 might see prices as low as $1,420 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $2,930 on average in Michigan, New York, and Florida.
| 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% |
Choosing high deductibles could cut prices by as much as $1,140 every year, while increasing your policy's liability limits will cost you more. Switching from a 50/100 limit to a 250/500 limit will increase prices by as much as $318 extra every year. View Rates by Deductible or Liability Limit
If you have some driving violations or tend to cause accidents, you are probably paying at a minimum $2,700 to $3,500 in extra premium each year, depending on your age. High-risk driver insurance can be as much as 45% to 138% more than average. View High Risk Driver Rates
Since prices can be so different, the only way to figure out exactly what you will pay is to compare prices and see which company has the best price. Each insurance company uses a different rate calculation, and quoted prices may be quite different from one company to the next.
| 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 Low Cost BMW XM Insurance
Getting lower rates on car insurance requires not taking risks behind the wheel, having good credit, not filing small claims, and taking advantage of discounts. Take the time to comparison shop once a year by getting quotes from direct insurance companies like Progressive and GEICO, and also from local independent and exclusive agents.
The following is a review of the data that was touched on in the above illustrations.
- It is possible to save as much as $290 per year simply by shopping early and online
- Policyholders who require higher liability limits will pay about $390 annually to increase from a low limit to 250/500 limits
- Teens are charged the highest prices, as much as $648 a month if they have full coverage
- Higher risk drivers who have several accidents or serious violations pay an average of $2,640 more each year for XM insurance
Rate Tables and Charts
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
| Deductible | Premium |
|---|---|
| $100 | $2,932 |
| $250 | $2,574 |
| $500 | $2,176 |
| $1,000 | $1,796 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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