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 $2,206 annually for full coverage insurance. Comprehensive insurance costs an estimated $482 a year, collision insurance costs $1,250, and liability is estimated at $338. Liability-only coverage costs approximately $394 a year, and high-risk coverage costs $4,882 or more. Teens cost the most to insure at up to $7,846 a year.

Average premium for full coverage: $2,206

Policy rates broken down by type of insurance:

Comprehensive $482
Collision $1250
Liability $338

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

Price Range Variability

Using a middle-aged driver as an example, BMW XM insurance rates range from as cheap as $394 for just the minimum liability insurance to a high of $4,882 for a driver required to buy high-risk insurance.

Liability Only $394
Full Coverage $2,206
High Risk $4,882

Urban vs. Rural Price Range

Living in a larger city can make a big difference on the price of insurance. More rural locations are shown to have fewer physical damage claims than cities with more traffic congestion. The diagram below illustrates how where you live affects insurance prices.

Rural Areas $1,655
Small Cities $2,316
Large Cities $2,978

The examples above illustrate why it is important to get quotes for a targeted area 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.

Additional Rate Analysis

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

  • The cheapest rate after discounts is $1,170
  • Choosing higher $1,000 deductibles can save approximately $1,814 each year
  • The estimated rate for a good driver age 40 who has $500 deductibles is $2,206
  • Selecting low $100 deductibles for comp and collision coverage costs an additional $778 annually
  • Higher-risk drivers with serious driving violations could pay up to $4,882
  • Policy cost with full coverage for a 16-year-old driver can cost as much as $7,846 each year

View Chart as Image

BMW XM insurance cost comparison chart
Column chart showing BMW XM insurance prices range from $1,170 to $7,846 for full coverage

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

Older drivers with no violations or accidents and high physical damage deductibles may pay as low as $2,000 annually on average, or $167 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they should be prepared to pay at least $7,800 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 $2,700 to $3,600 additional every year, depending on your age. A high-risk auto insurance policy ranges from 46% to 136% more than the average policy. View High Risk Driver Rates

Choosing higher comprehensive and collision insurance deductibles can save as much as $1,170 annually, while buying higher liability limits will increase premiums. Switching from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $304 more each year. View Rates by Deductible or Liability Limit

Your home state plays a big part in determining prices for BMW XM insurance prices. A good driver about age 40 could pay as low as $1,440 a year in states like North Carolina, Wisconsin, and Vermont, or have to pay at least $2,970 on average in Florida, New York, and Michigan.

BMW XM Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,994 -$212 -9.6%
Alaska $1,692 -$514 -23.3%
Arizona $1,830 -$376 -17.0%
Arkansas $2,206 -$0 0.0%
California $2,514 $308 14.0%
Colorado $2,106 -$100 -4.5%
Connecticut $2,266 $60 2.7%
Delaware $2,496 $290 13.1%
Florida $2,756 $550 24.9%
Georgia $2,038 -$168 -7.6%
Hawaii $1,586 -$620 -28.1%
Idaho $1,494 -$712 -32.3%
Illinois $1,644 -$562 -25.5%
Indiana $1,664 -$542 -24.6%
Iowa $1,488 -$718 -32.5%
Kansas $2,094 -$112 -5.1%
Kentucky $3,008 $802 36.4%
Louisiana $3,266 $1,060 48.1%
Maine $1,362 -$844 -38.3%
Maryland $1,822 -$384 -17.4%
Massachusetts $1,760 -$446 -20.2%
Michigan $3,830 $1,624 73.6%
Minnesota $1,848 -$358 -16.2%
Mississippi $2,642 $436 19.8%
Missouri $1,958 -$248 -11.2%
Montana $2,370 $164 7.4%
Nebraska $1,736 -$470 -21.3%
Nevada $2,644 $438 19.9%
New Hampshire $1,590 -$616 -27.9%
New Jersey $2,464 $258 11.7%
New Mexico $1,950 -$256 -11.6%
New York $2,322 $116 5.3%
North Carolina $1,272 -$934 -42.3%
North Dakota $1,806 -$400 -18.1%
Ohio $1,520 -$686 -31.1%
Oklahoma $2,262 $56 2.5%
Oregon $2,022 -$184 -8.3%
Pennsylvania $2,104 -$102 -4.6%
Rhode Island $2,940 $734 33.3%
South Carolina $1,998 -$208 -9.4%
South Dakota $1,860 -$346 -15.7%
Tennessee $1,930 -$276 -12.5%
Texas $2,658 $452 20.5%
Utah $1,630 -$576 -26.1%
Vermont $1,508 -$698 -31.6%
Virginia $1,324 -$882 -40.0%
Washington $1,702 -$504 -22.8%
West Virginia $2,022 -$184 -8.3%
Wisconsin $1,524 -$682 -30.9%
Wyoming $1,964 -$242 -11.0%

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 $502 $1,260 $332 $2,230
2023 BMW XM $482 $1,250 $338 $2,206
2022 BMW XM $466 $1,220 $354 $2,176

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 takes being a low-risk driver, having good credit, being claim-free, and possibly raising deductibles. Take the time to comparison shop at every policy renewal by requesting rates from direct insurance companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.

The items below are a brief review of the data touched on in the above illustrations.

  • Insureds who want more liability coverage will pay approximately $370 annually to raise limits from a 30/60 limit to higher 250/500 limits
  • It is possible to save approximately $290 per year just by quoting early and online
  • Increasing comprehensive and collision deductibles could save up to $1,175 each year
  • Teen drivers are expensive to insure, possibly costing $654 each month if they have full coverage

Rates by Driver Age

BMW XM Insurance Rates by Driver Age
Driver Age Premium
16 $7,846
20 $5,242
30 $2,348
40 $2,206
50 $2,012
60 $1,982

Full coverage, $500 deductibles

Rates by Deductible

BMW XM Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,984
$250 $2,616
$500 $2,206
$1,000 $1,814

Full coverage, driver age 40

Rates by Liability Limit

BMW XM Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $2,206
50/100 $2,274
100/300 $2,358
250/500 $2,578
100 CSL $2,307
300 CSL $2,493
500 CSL $2,629

Full coverage, driver age 40

Rates for High Risk Drivers

BMW XM Insurance Rates for High Risk Drivers
Age Premium
16 $11,378
20 $8,370
30 $5,044
40 $4,882
50 $4,658
60 $4,626

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 $338

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $124
Multi-vehicle $119
Homeowner $27
5-yr Accident Free $197
5-yr Claim Free $151
Paid in Full/EFT $125
Advance Quote $127
Online Quote $166
Total Discounts $1,036
Rate after discounts $1,170

Discounts are estimated and may not be available from every company or in every state.

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