BMW XM Insurance Rates
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UPDATED: Mar 28, 2024
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Estimated insurance rates for a BMW XM are $2,176 a year with full coverage. Comprehensive costs around $466, collision costs $1,220, and liability is estimated at $354. A policy with only liability insurance costs approximately $406 a year, with a high-risk policy costing around $4,818. Teen drivers pay the most at $7,770 a year or more.
Average premium for full coverage: $2,176
Premium estimates for type of coverage:
These estimates include $500 policy deductibles, liability coverage up to 30/60, and includes both medical and uninsured motorist insurance. Rates include averaging for all U.S. states and for all XM models.
Insurance Price Range by Risk and Coverage
For a driver in their 40's, insurance rates for a BMW XM go from the low end price of $406 for minimum levels of liability insurance to the much higher price of $4,818 for a high-risk driver policy.
Insurance Price Range by Location
Living in a larger city can make a big difference on insurance rates. Areas with sparse population are statistically proven to have lower incidents of collision claims than larger metro areas.
The example below illustrates how location helps determine auto insurance rates.
These rate differences demonstrate why everyone should get quotes for a specific zip code, instead of making a decision based on 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
- Choosing higher $1,000 deductibles can save about $380 annually
- The estimated price for a 40-year-old good driver using $500 deductibles is $2,176
- Choosing pricier low deductibles for comp and collision coverage bumps up the cost to $2,932
- Higher-risk drivers with multiple violations and an at-fault accident could pay at least $4,818 or more
- An auto insurance policy that insures a 16-year-old driver for full coverage can be $7,770 each year
Car insurance prices for a BMW XM also have a wide range based on the model of your XM, your age and driving habits, and deductibles and policy limits.
If you have a few violations or you caused an accident, you may be forking out at least $2,700 to $3,500 extra annually, depending on your age. BMW XM insurance for high-risk drivers ranges from 45% to 138% more than average. View High Risk Driver Rates
A more mature driver with no driving violations and higher comprehensive and collision deductibles may pay as low as $2,000 annually on average, or $167 per month, for full coverage. Prices are highest for drivers in their teens, since even teens with perfect driving records will be charged as much as $7,700 a year. View Rates by Age
Where you choose to live plays a big part in determining prices for BMW XM insurance prices. A good driver about age 40 could pay 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 can save as much as $1,140 annually, whereas buying more liability protection will increase prices. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will cost up to $318 extra every 12 months. View Rates by Deductible or Liability Limit
With such a large range in prices, the best way to find out your exact price is to regularly compare prices from multiple companies. Each auto insurer uses a different rate calculation, so rate quotes will be substantially different.
| 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 Cheap BMW XM Insurance
Finding better rates on insurance for a BMW XM takes being a good driver, having a positive credit history, being claim-free, and qualifying for all possible discounts. Shop around every time your policy renews by getting rate quotes from direct companies, and also from your local independent and exclusive agents.
The following list is a brief summary of the information covered in the charts and tables above.
- You may be able to save up to $290 per year simply by quoting online well ahead of the renewal date
- Drivers age 16 to 20 are the costliest to insure, possibly costing $648 per month if full coverage is purchased
- Increasing policy deductibles can save approximately $1,125 each year
- Drivers considered higher risk that tend to have accidents or serious violations may pay on average $2,640 more every year than a safer driver
- Insureds who may need an increased level of liability coverage will pay about $390 every year to raise limits from 30/60 bodily injury limits to the 250/500 level
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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