BMW XM Insurance Rates
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Michelle Robbins
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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...
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UPDATED: Mar 28, 2024
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Average insurance rates for a BMW XM are $2,176 a year for full coverage. Comprehensive insurance costs approximately $466, collision insurance costs $1,220, and liability insurance costs $354. A liability-only policy costs as little as $406 a year, and high-risk insurance costs $4,818 or more. Teenage drivers receive the highest rates at up to $7,770 a year.
Average premium for full coverage: $2,176
Rate estimates by individual coverage type:
Prices include $500 physical damage deductibles, 30/60 split liability limits, and includes uninsured motorist and medical coverage. Rates are averaged for all states and for different XM trim levels.
Price Range by Coverage and Risk
For the normal driver, prices range range from as low as $406 for the bare minimum liability coverage to a much higher rate of $4,818 for a high-risk insurance policy.
Price Range by Location
Your location has a significant impact on car insurance rates. Rural locations tend to have a lower frequency of accident claims than densely populated cities. The price range example below illustrates how geographic area affects auto insurance prices.
These examples show why anyone shopping for car insurance should compare rates using their specific location and risk profile, rather than relying on average rates.
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 Information
The chart below shows average BMW XM insurance rates for additional coverage and risk scenarios.
- The best discount rate is $1,156
- Drivers who choose higher $1,000 deductibles will pay $380 a year
- The average rate for a 40-year-old driver who chooses $500 deductibles is $2,176
- Using more expensive low deductibles for comprehensive and collision insurance will cost an extra $756 a year
- High risk drivers who are prone to accidents and violations could pay around $4,818
- The cost for full coverage for a teen driver with full coverage can cost $7,770 a year
Insurance rates for a BMW XM can also vary considerably based on your driver profile, the trim level of your XM, and physical damage deductibles and liability limits.
An older driver with a clean driving record and high deductibles could pay as little as $2,000 per year on average for full coverage. Rates are much higher for teen drivers, where even good drivers can expect to pay in the ballpark of $7,700 a year. View Rates by Age
Where you live makes a big difference in BMW XM insurance rates. A 40-year-old driver could pay as low as $1,430 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $3,100 on average in New York, Louisiana, 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% |
Using high physical damage deductibles could save up to $1,140 each year, while increasing your policy's liability limits will push rates upward. Going from a 50/100 limit to a 250/500 limit will cost as much as $318 more per year. View Rates by Deductible or Liability Limit
If you like to drive fast or tend to cause accidents, you could be paying anywhere from $2,700 to $3,500 extra per year, depending on your age. High-risk driver insurance can cost anywhere from 45% to 138% more than a normal policy. View High Risk Driver Rates
| 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 Right BMW XM Insurance
Saving money on BMW XM insurance not only requires being a safe and courteous driver, but also maintaining good credit, eliminating unneeded coverage, and possibly raising deductibles. Invest the time to compare rates at least every other year by obtaining price quotes from direct carriers like GEICO and Progressive, and also from local exclusive and independent agents.
Below is a quick rundown of the car insurance concepts presented in the illustrations above.
- High-risk drivers with reckless driving or DUI convictions may pay on average $2,640 more per year for auto insurance
- Drivers can save around $290 per year just by shopping early and online
- Increasing deductibles can save around $1,125 each year
- Drivers who purchase higher levels of liability will pay an extra $390 each year to go from a minimum limit to 250/500 limits
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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