BMW XM Insurance Rates
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Michelle Robbins
Licensed Insurance Agent
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...
Licensed Insurance Agent
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 insurance costs an estimated $466 a year, collision costs $1,220, and liability insurance is estimated at $354. Liability-only insurance costs approximately $406 a year, with high-risk driver insurance costing $4,818 or more. Teens pay the highest rates at $7,770 a year or more.
Average premium for full coverage: $2,176
Price estimates broken down by individual coverage:
Price estimates include $500 physical damage insurance deductibles, liability limits of 30/60, and includes both medical and uninsured motorist insurance. Estimates are averaged for all 50 U.S. states and XM trim levels.
Price Range from Low to High
For the normal driver, BMW XM insurance prices go from the cheapest price of $406 for minimum levels of liability insurance to a high of $4,818 for a driver that may need high-risk insurance.
Geographic Price Range
Living in a larger city has a significant impact on the price of auto insurance. More rural locations have more infrequent comprehensive and collision claims than cities with more traffic congestion.
The diagram below illustrates how geographic area affects insurance prices.
The ranges above highlight why it is important to get quotes for a targeted area and their own driving history, rather than relying on averaged prices.
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 breaks down estimated BMW XM insurance rates for other coverage scenarios.
- The cheapest rate after discounts is $1,156
- Choosing higher $1,000 deductibles can save approximately $1,796 every year
- The average price for the average middle-age driver who has $500 deductibles is $2,176
- Selecting low $100 deductibles for comp and collision coverage costs an extra $756 a year
- High-risk insureds with serious driving violations could pay up to $4,818 or more
- The price to insure a teen driver can cost as much as $7,770 each year
Car insurance prices for a BMW XM are also quite variable based on deductibles and policy limits, your driving characteristics, and the model year and trim level.
Choosing higher comprehensive and collision insurance deductibles can save as much as $1,140 each year, while buying higher liability limits will increase premiums. Changing from a 50/100 liability 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
Older drivers with no driving violations and higher deductibles could pay as little as $2,000 annually on average for full coverage. Prices are much higher for teenage drivers, since even excellent drivers will be charged at least $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 $2,700 to $3,500 extra each year, depending on your age. A high-risk auto insurance policy ranges anywhere from 45% to 138% more than the average policy. View High Risk Driver Rates
The state you live in plays a big part in determining prices for BMW XM insurance rates. A good driver about age 40 could pay as low as $1,670 a year in states like Vermont, New Hampshire, and Missouri, or have to pay at least $3,100 on average in Louisiana, New York, and Michigan.
| 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% |
Since prices can be so different, the best way to figure out which car insurance is cheapest is to get quotes from as many companies as possible. Each auto insurer calculates prices differently, so rate quotes may be quite 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 Shop for Cheaper BMW XM Insurance
Getting lower rates on BMW XM insurance takes being a low-risk driver, maintaining a good credit score, being claim-free, and not having any coverage lapses. Invest the time to compare rates once a year by obtaining price quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.
The items below are a condensed summary of the data that was presented in the illustrations above.
- You may be able to save approximately $290 per year simply by quoting early and online
- Drivers who want more liability coverage will pay approximately $390 per year to raise limits from a low limit to a 250/500 level
- Teen drivers have the highest car insurance prices, possibly costing $648 a month if the policy includes full coverage
- High-risk drivers with multiple at-fault accidents may have to pay on average $2,640 more annually to insure their XM
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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