BMW XM Insurance Rates

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UPDATED: Mar 28, 2024

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The average insurance rates for a BMW XM are $2,176 a year including full coverage. Comprehensive insurance costs around $466 a year, collision costs $1,220, and liability coverage is $354. Buying just liability costs around $406 a year, with insurance for high-risk drivers costing $4,818 or more. 16-year-old drivers cost the most to insure at $7,770 a year or more.

Average premium for full coverage: $2,176

Policy rates for type of insurance:

Comprehensive $466
Collision $1220
Liability $354

Rates are based on $500 deductible amounts, 30/60 bodily injury liability limits, and includes uninsured/under-insured motorist coverage. Prices are averaged for all 50 U.S. states and XM trim levels.

Price Range Variability

Using a middle-aged driver as an example, BMW XM insurance rates go from as low as $406 for your basic liability-only policy to a high of $4,818 for a driver who requires high-risk insurance.

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

Urban vs. Rural Price Range

Choosing to live in a large city has a large influence on the price of insurance. Areas with sparse population are shown to have a lower frequency of comprehensive and collision claims than congested cities.

The diagram below illustrates how where you live affects auto insurance rates.

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

The examples above highlight why it is important to compare rates quotes for a specific zip code and risk profile, rather than using rate averages.

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

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More Rate Information

The chart below breaks down estimated BMW XM insurance rates for additional coverage choices and driver risks.

  • The best full coverage rate is $1,156
  • Raising to $1,000 deductibles will save about $1,796 every year
  • The average rate for a good driver age 40 using $500 deductibles is $2,176
  • Buying low $100 deductibles will cost an extra $756 each year
  • Unlucky drivers with multiple tickets or accidents could pay at least $4,818 or more
  • Policy cost for full coverage for a teenage driver can be $7,770

View Chart as Image

BMW XM insurance cost comparison chart
Column chart showing full coverage BMW XM insurance prices range from $1,156 to $7,770

Insurance rates for a BMW XM also range considerably based on your risk profile, the model of your XM, and deductibles and policy limits.

Older drivers with a clean driving record and high deductibles may only pay around $2,000 every 12 months on average, or $167 per month, for full coverage. Rates are highest for teenagers, where even good drivers can expect to pay as much as $7,700 a year. View Rates by Age

Your home state also has a big influence on BMW XM insurance rates. A middle-age driver might find rates 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 reduce rates by up to $1,140 a year, while buying higher liability limits will increase rates. Changing from a 50/100 limit to a 250/500 limit will raise rates by up to $318 more per year. View Rates by Deductible or Liability Limit

If you have a few points on your driving record or tend to cause accidents, you are likely paying at least $2,700 to $3,500 extra every year, depending on your age. A high-risk auto insurance policy is expensive and can cost around 45% to 138% more than the average rate. View High Risk Driver Rates

Because rates have so much variability, the best way to figure out your exact price is to get quotes and see how they stack up. Every auto insurance company utilizes a different rate formula, so the rates will be varied from one company to the next.

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 the Best Cheap BMW XM Insurance

Finding cheaper rates on auto insurance consists of having a good driving record, maintaining good credit, paying for small claims out-of-pocket, and insuring your home and auto with the same company. Take the time to comparison shop at every other renewal by getting rate quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from several local insurance agents.

The next list is a quick review of the concepts that were touched on in the above illustrations.

  • Drivers with a DUI or reckless driving violation pay on average $2,640 more every year to buy BMW XM insurance
  • Drivers age 20 and younger pay higher rates, with premiums being up to $648 each month for full coverage
  • You may be able to save up to $290 per year simply by quoting early and online
  • Increasing comprehensive and collision deductibles can save around $1,125 each year
  • You may be able to save up to $290 per year simply by quoting early and online

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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