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 $2,206 a year for full coverage insurance. Comprehensive insurance costs around $482 a year, collision costs $1,250, and liability coverage is $338. Liability-only insurance costs around $394 a year, with high-risk driver insurance costing $4,882 or more. Teen drivers pay the highest rates at $7,846 a year or more.
Average premium for full coverage: $2,206
Price estimates for individual coverage:
Includes $500 deductibles, liability limits of 30/60, and includes both medical and uninsured motorist insurance. Estimates are averaged for all 50 states and XM trim levels.
Price Range from Low to High
Using a 40-year-old driver as an example, BMW XM insurance prices go from the low end price of $394 for minimum levels of liability insurance to a high of $4,882 for a driver that may need high-risk insurance.
Geographic Price Range
Choosing to live in a large city has a large influence on car insurance rates. Areas with sparse population have lower incidents of physical damage claims than larger metro areas.
The diagram below illustrates how rural and urban location affects auto insurance rates.
The ranges above illustrate why it is important to compare rates quotes for a specific zip code, rather than 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 illustrates estimated BMW XM insurance rates for additional coverage choices and driver risks.
- The lowest rate with discounts is $1,170
- Raising to $1,000 deductibles will save about $1,814 each year
- The estimated price for the average middle-age driver using $500 deductibles is $2,206
- Choosing low $100 deductibles will cost an additional $778 each year
- Unlucky drivers with multiple violations and an at-fault accident could pay at least $4,882 or more
- The price that insures a teenage driver can be $7,846
Car insurance prices for a BMW XM are also quite variable based on the trim level of your XM, your age and driving record, and deductibles and policy limits.
If you have some driving violations or you caused an accident, you are probably paying at least $2,700 to $3,600 extra each year, depending on your age. A high-risk auto insurance policy is expensive and can cost around 46% to 136% more than average. View High Risk Driver Rates
Older drivers 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 $7,800 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 $1,440 a year in states like Vermont, Wisconsin, and North Carolina, or as much as $2,970 on average in Michigan, New York, and Florida.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $1,994 | -$212 | -9.6% |
| Alaska | $1,692 | -$514 | -23.3% |
| Arizona | $1,830 | -$376 | -17.0% |
| Arkansas | $2,206 | -$0 | 0.0% |
| California | $2,514 | $308 | 14.0% |
| Colorado | $2,106 | -$100 | -4.5% |
| Connecticut | $2,266 | $60 | 2.7% |
| Delaware | $2,496 | $290 | 13.1% |
| Florida | $2,756 | $550 | 24.9% |
| Georgia | $2,038 | -$168 | -7.6% |
| Hawaii | $1,586 | -$620 | -28.1% |
| Idaho | $1,494 | -$712 | -32.3% |
| Illinois | $1,644 | -$562 | -25.5% |
| Indiana | $1,664 | -$542 | -24.6% |
| Iowa | $1,488 | -$718 | -32.5% |
| Kansas | $2,094 | -$112 | -5.1% |
| Kentucky | $3,008 | $802 | 36.4% |
| Louisiana | $3,266 | $1,060 | 48.1% |
| Maine | $1,362 | -$844 | -38.3% |
| Maryland | $1,822 | -$384 | -17.4% |
| Massachusetts | $1,760 | -$446 | -20.2% |
| Michigan | $3,830 | $1,624 | 73.6% |
| Minnesota | $1,848 | -$358 | -16.2% |
| Mississippi | $2,642 | $436 | 19.8% |
| Missouri | $1,958 | -$248 | -11.2% |
| Montana | $2,370 | $164 | 7.4% |
| Nebraska | $1,736 | -$470 | -21.3% |
| Nevada | $2,644 | $438 | 19.9% |
| New Hampshire | $1,590 | -$616 | -27.9% |
| New Jersey | $2,464 | $258 | 11.7% |
| New Mexico | $1,950 | -$256 | -11.6% |
| New York | $2,322 | $116 | 5.3% |
| North Carolina | $1,272 | -$934 | -42.3% |
| North Dakota | $1,806 | -$400 | -18.1% |
| Ohio | $1,520 | -$686 | -31.1% |
| Oklahoma | $2,262 | $56 | 2.5% |
| Oregon | $2,022 | -$184 | -8.3% |
| Pennsylvania | $2,104 | -$102 | -4.6% |
| Rhode Island | $2,940 | $734 | 33.3% |
| South Carolina | $1,998 | -$208 | -9.4% |
| South Dakota | $1,860 | -$346 | -15.7% |
| Tennessee | $1,930 | -$276 | -12.5% |
| Texas | $2,658 | $452 | 20.5% |
| Utah | $1,630 | -$576 | -26.1% |
| Vermont | $1,508 | -$698 | -31.6% |
| Virginia | $1,324 | -$882 | -40.0% |
| Washington | $1,702 | -$504 | -22.8% |
| West Virginia | $2,022 | -$184 | -8.3% |
| Wisconsin | $1,524 | -$682 | -30.9% |
| Wyoming | $1,964 | -$242 | -11.0% |
Choosing high deductibles can reduce prices by up to $1,170 a year, while buying higher liability limits will increase prices. Switching from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $304 extra every 12 months. View Rates by Deductible or Liability Limit
Since prices can be so different, the only way to figure out your exact price is to get quotes and see how they stack up. Every auto insurance company uses a different rate calculation, so rate quotes may be quite different.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 BMW XM | $502 | $1,260 | $332 | $2,230 |
| 2023 BMW XM | $482 | $1,250 | $338 | $2,206 |
| 2022 BMW XM | $466 | $1,220 | $354 | $2,176 |
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
Getting lower rates on auto insurance consists of not taking risks behind the wheel, having a positive credit history, not filing small claims, and qualifying for all possible discounts. Shop around once a year by getting quotes from direct insurance companies, and also from insurance agencies where you live.
The following is a recap of the data that was raised in the charts and tables above.
- It is possible to save up to $290 per year simply by quoting early and online
- Consumers who may need higher liability limits will pay about $370 annually to raise from a low limit to the 250/500 level
- Teens are the costliest to insure, as much as $654 a month if full coverage is purchased
- Drivers that have major violations or accidents could be forced to pay on average $2,680 more every year for XM insurance
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $7,846 |
| 20 | $5,242 |
| 30 | $2,348 |
| 40 | $2,206 |
| 50 | $2,012 |
| 60 | $1,982 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $2,984 |
| $250 | $2,616 |
| $500 | $2,206 |
| $1,000 | $1,814 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $2,206 |
| 50/100 | $2,274 |
| 100/300 | $2,358 |
| 250/500 | $2,578 |
| 100 CSL | $2,307 |
| 300 CSL | $2,493 |
| 500 CSL | $2,629 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $11,378 |
| 20 | $8,370 |
| 30 | $5,044 |
| 40 | $4,882 |
| 50 | $4,658 |
| 60 | $4,626 |
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 | $124 |
| Multi-vehicle | $119 |
| Homeowner | $27 |
| 5-yr Accident Free | $197 |
| 5-yr Claim Free | $151 |
| Paid in Full/EFT | $125 |
| Advance Quote | $127 |
| Online Quote | $166 |
| Total Discounts | $1,036 |
Discounts are estimated and may not be available from every company or in every state.
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