BMW XM Insurance Rates

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UPDATED: Mar 28, 2024

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U.S. average insurance rates for a BMW XM are $2,176 a year including full coverage. Comprehensive insurance costs on average $466, collision insurance costs $1,220, and liability is estimated at $354. Liability-only insurance costs approximately $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 by individual coverage:

Comprehensive $466
Collision $1220
Liability $354

These estimates include $500 physical damage insurance deductibles, 30/60 liability limits, and includes UM/UIM and medical coverage. Estimates are averaged for all 50 U.S. states and for all XM models.

Price Range from Low to High

For the normal driver, BMW XM insurance prices range from the low end price of $406 for a discount liability-only rate to the much higher price of $4,818 for a driver required to buy high-risk insurance.

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

Geographic Price Range

Living in a larger city can make a big difference on car insurance rates. Rural areas have lower incidents of comprehensive and collision claims than congested cities. The example below illustrates how geographic area affects car insurance rates.

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

The ranges above highlight why everyone should get quotes based on a specific location, instead of making a decision based on rate averages.

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

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Rates by State, City, and Model

The chart below breaks down average BMW XM insurance rates for different risk profiles and scenarios.

  • The best full coverage rate is $1,156
  • Choosing higher $1,000 deductibles can save around $380 every year
  • The estimated price for the average middle-age driver with $500 deductibles is $2,176
  • Buying pricier low deductibles for comp and collision coverage will cost an additional $756 annually
  • Higher-risk drivers with multiple tickets or accidents could pay upwards of $4,818
  • The price that insures a 16-year-old driver for full coverage may cost $7,770 each year

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 the model of your XM, your driving record and age, and policy deductibles and limits.

If you have some driving violations or you caused an accident, you are likely paying at a minimum $2,700 to $3,500 extra each year, depending on your age. BMW XM insurance for high-risk drivers ranges from 45% to 138% more than the average rate. 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 for full coverage. Prices are highest for teenage drivers, since even teens with perfect driving records will be charged upwards of $7,700 a year. View Rates by Age

The state you live in plays a big part in determining prices for BMW XM insurance prices. A good driver about age 40 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.

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

Opting for high physical damage deductibles can save as much as $1,140 annually, whereas buying more liability protection will cost you more. Changing from a 50/100 bodily injury protection 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

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 Find Cheap BMW XM Insurance

Getting lower rates on insurance for a BMW XM takes being a low-risk driver, having a positive credit history, being claim-free, and possibly raising deductibles. Comparison shop at every policy renewal by requesting quotes from direct car insurance companies, and also from insurance agencies where you live.

The items below are a brief summary of the data presented in the illustrations above.

  • Insureds who require more liability coverage will pay around $390 per year to raise limits from a low limit to the 250/500 level
  • You may be able to save as much as $290 per year just by quoting online well ahead of the renewal date
  • Increasing physical damage deductibles can save approximately $1,125 each year
  • Teen drivers are expensive to insure, possibly costing $648 a month if full coverage is purchased

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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