BMW XM Insurance Rates

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UPDATED: Mar 28, 2024

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The average auto insurance rates for a BMW XM are $2,176 annually for full coverage insurance. Comprehensive costs around $466, collision costs $1,220, and liability is $354. A liability-only policy costs around $406 a year, with high-risk insurance costing around $4,818. Teens 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

Prices are based on $500 physical damage deductibles, 30/60 bodily injury liability limits, and includes uninsured motorist and medical coverage. Prices are averaged for all 50 states and for all XM models.

Price Range Variability

For the average 40-year-old driver, BMW XM insurance rates go from as cheap as $406 for the bare minimum liability coverage to the much higher price 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 can make a big difference on car insurance rates. Areas with sparse population are shown to have fewer physical damage claims than cities with more traffic congestion.

The example below illustrates the difference location can make on auto insurance rates.

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

The examples above illustrate why everyone should compare rates quotes for a specific zip code and their own personal driving habits, instead of making a decision based 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.

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Additional Rate Information

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

  • The cheapest rate after discounts is $1,156
  • Raising to $1,000 deductibles will save about $380 each year
  • The estimated rate for a good driver age 40 using $500 deductibles is $2,176
  • Selecting pricier low deductibles will cost $2,932
  • Drivers with serious driving violations could pay at least $4,818 or more
  • Policy cost with full coverage for a 16-year-old driver for full coverage can be $7,770

View Chart as Image

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

Car insurance rates for a BMW XM also range considerably based on the model year and trim level, your risk profile, and deductibles and policy limits.

A more mature driver with no driving violations and high physical damage deductibles may pay as low as $2,000 every 12 months on average, or $167 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they will be charged as much as $7,700 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you are probably paying at least $2,700 to $3,500 extra every year, depending on your age. BMW XM insurance for high-risk drivers is expensive and can cost from 45% to 138% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles can reduce rates by up to $1,140 annually, whereas buying more liability protection will increase rates. Switching from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $318 extra every 12 months. View Rates by Deductible or Liability Limit

Your home state also has a big influence on BMW XM insurance prices. A middle-age driver might find rates as low as $1,420 a year in states like Vermont, Wisconsin, and North Carolina, or have to pay at least $2,930 on average in Michigan, New York, and Florida.

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

Because rates have so much variability, the only way to figure out your exact price is to regularly compare rates from multiple companies. Every auto insurance company calculates rates differently, so rate quotes will be varied between companies.

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 Buy Affordable BMW XM Insurance

Finding cheaper rates on insurance for a BMW XM consists of being a safe and courteous driver, having a good credit score, being claim-free, and qualifying for all possible discounts. Make time to compare rates at every other renewal by getting rate quotes from direct insurance companies like Progressive, GEICO, and Esurance, and also from several local insurance agents.

Below is a brief review of the concepts that were touched on in this article.

  • Drivers considered higher risk with DUI or reckless driving convictions pay on average $2,640 more every year for auto insurance
  • Teenage drivers are the costliest to insure, possibly costing $648 each month if comprehensive and collision insurance is included
  • It is possible to save up to $290 per year simply by quoting online well ahead of the renewal date
  • Increasing comprehensive and collision deductibles could save up to $1,125 each year
  • It is possible to save up to $290 per year simply by quoting online well ahead of the renewal date

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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