BMW XM Insurance Rates
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Michelle Robbins
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Michelle Robbins has been a licensed insurance agent for over 13 years. Her career began in the real estate industry, supporting local realtors with Title Insurance. After several years, Michelle shifted to real estate home warranty insurance, where she managed a territory of over 100 miles of real estate professionals. Later, Agent Robbins obtained more licensing and experience serving families a...
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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 costs on average $466, collision insurance costs $1,220, and liability costs $354. A policy with just liability insurance costs as little as $406 a year, and coverage for high-risk drivers costs around $4,818. 16-year-old drivers pay the highest rates at up to $7,770 a year.
Average premium for full coverage: $2,176
Price estimates by individual coverage:
Rates are based on $500 comprehensive and collision deductibles, split liability limits of 30/60, and includes uninsured motorist and medical coverage. Estimates are averaged for all 50 U.S. states and for different XM trim levels.
Price Range from Low to High
For the average driver, BMW XM insurance prices range from the cheapest price of $406 for the bare minimum liability coverage to a much higher rate of $4,818 for coverage for higher-risk drivers.
Geographic Price Range
Your location can make a big difference on car insurance rates. Rural areas have more infrequent comprehensive and collision claims than congested cities. The price range example below illustrates how location impacts car insurance rates.
The ranges above highlight why anyone shopping for car insurance should compare rates based on a specific location 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.
Enter your zip code below to view companies based on your location that have cheap auto insurance rates.
Additional Rate Information
The chart below breaks down average BMW XM insurance rates for different risk profiles and scenarios.
- The best full coverage rate is $1,156
- Drivers who choose higher $1,000 deductibles will pay around $380 every year
- The average price for the average middle-age driver with $500 deductibles is $2,176
- Buying more expensive low deductibles for comprehensive and collision insurance increases the price to $2,932
- Drivers with multiple tickets or accidents could pay upwards of $4,818
- The price to insure a 16-year-old driver with full coverage may cost $7,770 a year
Insurance prices for a BMW XM are also quite variable based on deductibles and policy limits, your driving characteristics, and the trim level of your XM.
Opting for high physical damage deductibles could save up to $1,140 annually, while increasing your policy's liability limits will cost you more. Changing from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $318 more per year. View Rates by Deductible or Liability Limit
An older driver with a clean driving record and higher deductibles may pay as low as $2,000 per year on average for full coverage. Prices are highest for teenage drivers, since even excellent drivers can expect to pay upwards of $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 at a minimum $2,700 to $3,500 extra each year, depending on your age. High-risk driver insurance can cost from 45% to 138% more than the average rate. View High Risk Driver Rates
The state you live in makes a big difference in BMW XM insurance prices. A 40-year-old driver could pay as low as $1,670 a year in states like Missouri, New Hampshire, and Vermont, or at least $3,100 on average in Michigan, New York, and Louisiana.
| 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% |
| 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 Best Cheap BMW XM Insurance
Getting lower rates on insurance for a BMW XM not only requires having a decent driving record, but also having good credit, being claim-free, and determing if full coverage is necessary. Spend time shopping around at least once a year by quoting rates from direct car insurance companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.
The following items are a quick review of the primary concepts that were touched on above.
- You may be able to save as much as $290 per year just by shopping early and online
- Drivers considered higher risk with a DUI or reckless driving violation may pay on average $2,640 more each year than a driver with a clean driving record
- Increasing physical damage deductibles could save as much as $1,125 each year
- 16 to 18-year-old drivers pay the highest prices, possibly costing $648 a month if they have full coverage
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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