BMW XM Insurance Rates

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UPDATED: Mar 28, 2024

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Estimated auto insurance rates for a BMW XM are $2,176 annually for full coverage. Comprehensive costs an estimated $466 a year, collision insurance costs $1,220, and liability insurance costs $354. Liability-only insurance costs as little as $406 a year, and high-risk driver insurance costs around $4,818. Teenage drivers pay the most at up to $7,770 a year.

Average premium for full coverage: $2,176

Premium estimates broken down by type of coverage:

Comprehensive $466
Collision $1220
Liability $354

Prices include $500 physical damage insurance deductibles, liability coverage up to 30/60, and includes both medical and UM/UIM coverage. Rates include averaging for all states and XM trim levels.

Insurance Price Range by Risk and Coverage

For a driver in their 40's, insurance rates for a BMW XM range from as cheap as $406 for basic liability insurance to a high of $4,818 for a high-risk driver policy.

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

Insurance Price Range by Location

Your location has a significant impact on insurance rates. More rural locations are statistically proven to have fewer accident claims than densely populated cities. The diagram below illustrates how location helps determine insurance prices.

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

These rate differences show why it is important to compare rates for a targeted area and their own personal driving habits, 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.

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Rate Comparisons

The chart below shows average BMW XM insurance rates for other coverage scenarios.

  • The best discount rate is $1,156
  • Drivers who choose higher $1,000 deductibles will pay approximately $1,796 a year
  • The estimated rate for a 40-year-old good driver who has $500 deductibles is $2,176
  • Using low $100 deductibles for comprehensive and collision insurance will cost $2,932
  • High risk drivers who are prone to accidents and violations could pay up to $4,818
  • An auto insurance policy with full coverage for a teen driver can cost as much as $7,770 a year

View Chart as Image

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

Insurance prices for a BMW XM also have a wide range based on the model of your XM, your driver profile, and liability limits and deductibles.

Older drivers with no violations or accidents and high physical damage deductibles could pay as little as $2,000 per year on average, or $167 per month, for full coverage. Prices are much higher for drivers in their teens, where even without any violations or accidents they should be prepared to pay at least $7,700 a year. View Rates by Age

If you have a few violations or you caused a few accidents, you could be paying $2,700 to $3,500 additional annually, depending on your age. A high-risk auto insurance policy can cost anywhere from 45% to 138% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles could save up to $1,140 each year, while buying higher liability limits will increase premiums. Going from a 50/100 bodily injury limit to a 250/500 limit will cost up to $318 more each year. View Rates by Deductible or Liability Limit

Where you choose to 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.

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
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 the Right BMW XM Insurance

Finding better rates on BMW XM insurance not only requires being a low-risk driver, but also having good credit, not filing small claims, and possibly raising deductibles. Invest time comparing rates every time your policy renews by requesting rates from direct carriers, and also from local exclusive and independent agents.

The items below are a quick rundown of the information covered in the charts and tables above.

  • Drivers can save approximately $290 per year just by quoting early and online
  • Teen drivers are expensive to insure, as much as $648 per month if they have full coverage
  • Increasing policy deductibles could save up to $1,125 each year
  • High-risk drivers with reckless driving or DUI convictions may pay on average $2,640 more annually to insure their XM
  • Drivers who want more liability coverage will pay an extra $390 each year to go from 30/60 bodily injury limits to higher 250/500 limits

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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