BMW XM Insurance Rates
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UPDATED: Mar 28, 2024
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The average insurance rates for a BMW XM are $2,176 a year with full coverage. Comprehensive insurance costs around $466 a year, collision costs $1,220, and liability costs around $354. Liability-only insurance costs as low as $406 a year, with high-risk driver insurance costing $4,818 or more. Teen drivers cost the most to insure at $7,770 a year or more.
Average premium for full coverage: $2,176
Policy rates for type of insurance:
Includes $500 policy deductibles, 30/60 bodily injury liability limits, and includes both medical and uninsured motorist insurance. Prices are averaged for all U.S. states and XM trim levels.
Price Range Variability
For the average 40-year-old driver, BMW XM insurance rates go from as low as $406 for minimum levels of liability insurance to a high of $4,818 for a driver who requires high-risk insurance.
Urban vs. Rural Price Range
Where you live can have significant affects on insurance rates. Areas with sparse population are shown to have a lower frequency of collision claims than larger metro areas.
The diagram below illustrates the difference location can make on auto insurance rates.
The examples above demonstrate why it is important to compare prices for a specific zip code 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.
Additional Rate Details
The chart below details estimated BMW XM insurance rates for additional coverage choices and driver risks.
- The lowest rate with discounts is $1,156
- Using higher $1,000 deductibles will save about $1,796 annually
- The average rate for a good driver age 40 using $500 deductibles is $2,176
- Choosing low $100 deductibles for physical damage coverage will cost an extra $756 every year
- Drivers with multiple violations and an at-fault accident could pay at least $4,818 or more
- Policy cost for full coverage for a teen driver can be $7,770 or more
Auto insurance rates for a BMW XM also range considerably based on your risk profile, the trim level and model year, and deductibles and policy limits.
Older drivers with a good driving record and high deductibles may pay as little as $2,000 a year, or $167 per month, for full coverage. Rates are highest for teenagers, where even good drivers will have to pay as much as $7,700 a year. View Rates by Age
Your home state has a huge impact on BMW XM insurance prices. A driver around age 40 might see rates as low as $1,560 a year in states like New Hampshire, Ohio, and Utah, or as much as $2,930 on average in Florida, Michigan, and New York.
| 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 rates by as much as $1,140 every year, while buying higher liability limits will increase rates. Moving from a 50/100 limit to a 250/500 limit will raise rates by up to $318 extra every year. View Rates by Deductible or Liability Limit
If you have a few points on your driving record or tend to cause accidents, you may be forking out at least $2,700 to $3,500 in extra premium every year, depending on your age. A high-risk auto insurance policy can be as much as 45% to 138% more than average. View High Risk Driver Rates
Because rates have so much variability, the best way to find out your exact price is to get quotes and see which company has the best rate. Each insurance company uses a different rate calculation, and quoted rates will be varied 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 the Cheapest BMW XM Insurance
Finding cheaper rates on car insurance requires being a good driver, having good credit, not filing small claims, and maximizing policy discounts. Make time to compare rates at every other renewal by requesting rates from direct companies like GEICO, Progressive, and Esurance, and also from local independent and exclusive agents.
The following list is a recap of the concepts that were touched on in this article.
- Higher risk drivers that have major violations or accidents pay an average of $2,640 more every year than a safer driver
- Drivers age 16 to 20 are expensive to insure, as much as $648 each month if they have full coverage
- You may be able to save up to $290 per year simply by quoting early and online
- Increasing comprehensive and collision deductibles can save around $1,125 each year
- You may be able to save up to $290 per year simply by quoting early and online
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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