BMW XM Insurance Rates

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UPDATED: Mar 28, 2024

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U.S. average insurance prices for a BMW XM are $2,176 every 12 months including full coverage. Comprehensive insurance costs an estimated $466 each year, collision insurance costs $1,220, and liability costs around $354. Liability-only insurance costs as low as $406 a year, and high-risk driver insurance costs $4,818 or more. 16-year-old drivers pay the highest rates at up to $7,770 a year.

Average premium for full coverage: $2,176

Price estimates broken down by individual coverage:

Comprehensive $466
Collision $1220
Liability $354

Includes $500 policy deductibles, bodily injury liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all 50 U.S. states and XM models.

Price Range from Low to High

Using a middle-aged driver as an example, BMW XM insurance prices range from the cheapest price of $406 for liability-only coverage to a high rate of $4,818 for a driver who has had serious violations or accidents.

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

Geographic Price Range

Where you live can make a big difference on the price of auto insurance. More rural locations have more infrequent comprehensive and collision claims than congested cities. The graphic below illustrates how where you live affects insurance prices.

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

The ranges above highlight why all drivers should compare prices for a targeted area and their own driving history, instead of making a decision based on rate averages.

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

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Additional Charts and Tables

The chart below breaks down average BMW XM insurance rates for other coverage scenarios.

  • The best full coverage rate is $1,156
  • Using higher $1,000 deductibles will save approximately $380 every year
  • The average price for the average middle-age driver who has $500 deductibles is $2,176
  • Buying low deductibles for physical damage coverage costs an extra $756 annually
  • High-risk insureds with multiple tickets or accidents could pay up to $4,818
  • The price to insure a 16-year-old driver can cost as much as $7,770 or more

View Chart as Image

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

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

Opting for high physical damage deductibles could cut prices by as much as $1,140 annually, whereas increasing liability limits will increase premiums. Changing from a 50/100 liability 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

More mature drivers with no driving violations and higher deductibles may pay as low as $2,000 a year for full coverage. Prices are highest for teenage drivers, since even excellent drivers will be charged at least $7,700 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you are likely paying $2,700 to $3,500 extra each year, depending on your age. Insurance for high-risk drivers can be from 45% to 138% more than the average rate. View High Risk Driver Rates

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 $1,670 a year in states like Vermont, New Hampshire, and Missouri, or at least $3,100 on average in Louisiana, New York, and Michigan.

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
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 Shop for the Cheapest BMW XM Insurance

Getting lower rates on insurance for a BMW XM requires avoiding accidents and claims, maintaining a good credit score, being claim-free, and possibly higher deductibles. Take the time to comparison shop every other policy renewal by requesting quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

The points below are a recap of the ideas that were touched on in the above illustrations.

  • Drivers under the age of 20 have the highest car insurance prices, possibly costing $648 a month if the policy includes full coverage
  • Drivers considered higher risk that have major violations or accidents may have to pay on average $2,640 more annually to insure a BMW XM
  • Increasing physical damage deductibles could save as much as $1,125 each year
  • You may be able to save approximately $290 per year just by quoting online in advance

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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