BMW XM Insurance Rates

Average auto insurance rates for a BMW XM are $2,206 annually with full coverage. Comprehensive insurance costs on average $482 a year, collision insurance costs $1,250, and liability is estimated at $338. A policy with just liability insurance costs approximately $394 a year, and coverage for high-risk drivers costs $4,882 or more. Teen drivers receive the highest rates at up to $7,846 a year.

Average premium for full coverage: $2,206

Rate estimates by individual coverage type:

Rate estimates include $500 comprehensive and collision deductibles, split liability limits of 30/60, and includes both medical and UM/UIM coverage. Rates are averaged for all U.S. states and XM trim levels.

Price Range by Coverage and Risk

Price Range by Location

Living in a larger city can make a big difference on auto insurance rates. Rural areas tend to have fewer collision claims than larger metro areas. The diagram below illustrates how your location can change car insurance rates.

These examples demonstrate why it is important to get quotes based on a specific location and their own personal driving habits, instead of making a decision based on price averages.

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

Rate Comparisons

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

• The lowest rate with discounts is $1,170
• Choosing higher $1,000 deductibles can save around $1,814 annually
• The estimated rate for a 40-year-old driver with $500 deductibles is $2,206
• Choosing low $100 deductibles for comp and collision coverage costs an additional $778 annually
• Higher-risk drivers with multiple violations and an at-fault accident could pay upwards of $4,882
• The cost with full coverage for a 16-year-old driver may cost $7,846 each year

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Insurance rates for a BMW XM can also vary considerably based on the trim level of your XM, your driving record, and policy deductibles and limits.

Older drivers with no violations or accidents and high physical damage deductibles may pay as low as $2,000 annually on average for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they should be prepared to pay upwards of $7,800 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you may be forking out at a minimum $2,700 to $3,600 additional per year, depending on your age. A high-risk auto insurance policy ranges from 46% to 136% more than average. View High Risk Driver Rates

Choosing high deductibles can save as much as $1,170 annually, while buying higher liability limits will cost you more. Moving from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $304 more each year. View Rates by Deductible or Liability Limit

Where you live plays a big part in determining prices for BMW XM insurance prices. A good driver about age 40 could pay as low as $1,580 a year in states like New Hampshire, Ohio, and Utah, or as much as $2,970 on average in Florida, Michigan, and New York.

View Chart as Image

How to Buy the Best BMW XM Insurance

Saving money on insurance for a BMW XM takes avoiding accidents and violations, having good credit, eliminating unnecessary coverage, and dropping full coverage on older vehicles. Invest the time to shop around at least once a year by getting rate quotes from direct companies like Progressive and GEICO, and also from local independent and exclusive agents.

The list below is a brief recap of the primary concepts that were illustrated above.

• You may be able to save as much as $290 per year just by quoting early and online
• Drivers considered higher risk who tend to receive serious violations pay an average of $2,680 more each year for car insurance
• Increasing deductibles could save up to $1,175 each year
• Teenagers pay higher rates, with premiums as much as $654 per month if they have full coverage