BMW XM Insurance Rates
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Dani Best
Licensed Insurance Producer
Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...
Licensed Insurance Producer
UPDATED: Mar 28, 2024
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The average insurance rates for a BMW XM are $2,206 a year with full coverage. Comprehensive costs around $482, collision costs $1,250, and liability costs around $338. Buying just liability costs as low as $394 a year, with insurance for high-risk drivers costing around $4,882. Teen drivers cost the most to insure at $7,846 a year or more.
Average premium for full coverage: $2,206
Policy rates for type of insurance:
Price estimates include $500 physical damage insurance deductibles, liability limits of 30/60, and includes uninsured motorist and medical coverage. Prices are averaged for all U.S. states and for different XM trim levels.
Price Range Variability
For the normal driver, BMW XM insurance rates go from the low end price of $394 for the bare minimum liability coverage to a much higher rate of $4,882 for a driver that may need high-risk insurance.
Urban vs. Rural Price Range
Where you live can make a big difference on insurance rates. Areas with sparse population are shown to have lower incidents of collision claims than larger metro areas.
The price range example below illustrates how geographic area affects auto insurance rates.
The examples above demonstrate why anyone shopping for car insurance should compare prices for a specific zip code, instead of making a decision based on price averages.
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 details estimated BMW XM insurance rates for additional coverage choices and driver risks.
- The lowest rate with discounts is $1,170
- Using higher $1,000 deductibles will save about $392 annually
- The estimated price for a good driver age 40 using $500 deductibles is $2,206
- Choosing more expensive low deductibles for physical damage coverage bumps up the cost to $2,984
- High-risk insureds with multiple violations and an at-fault accident could pay at least $4,882 or more
- Policy cost that insures a 16-year-old driver with full coverage can be $7,846 or more
Insurance rates for a BMW XM also range considerably based on the model year and trim level, your age and driving habits, and deductibles and policy limits.
If you have a few points on your driving record or you caused an accident, you may be forking out at least $2,700 to $3,600 extra every year, depending on your age. High-risk driver insurance can be from 46% to 136% more than average. View High Risk Driver Rates
An older driver with a clean driving record and higher comprehensive and collision deductibles may pay as low as $2,000 a year, or $167 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records can expect to pay as much as $7,800 a year. View Rates by Age
Your home state has a huge impact on BMW XM insurance prices. A driver around age 40 might see rates as low as $1,580 a year in states like New Hampshire, Ohio, and Utah, or as much as $2,970 on average in Florida, Michigan, and New York.
| 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% |

Choosing high deductibles could cut rates by as much as $1,170 annually, while increasing your policy's liability limits will increase rates. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $304 more per year. View Rates by Deductible or Liability Limit
Because rates have so much variability, the best way to find out your exact price is to compare rates from multiple companies. Each insurance company uses a different rate calculation, so the rates will be varied.
| 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 Find Cheaper BMW XM Insurance
Finding cheaper rates on insurance for a BMW XM requires being a low-risk driver, having above-average credit, not filing small claims, and insuring your home and auto with the same company. Shop around once a year by requesting rates from direct companies, and also from your local independent and exclusive agents.
The items below are a condensed summary of the data that was presented in the illustrations above.
- You may be able to save up to $290 per year simply by shopping early and online
- Insureds who may need more liability coverage will pay about $370 every year to increase from a 30/60 limit to the 250/500 level
- Teen drivers pay higher rates, as much as $654 each month if full coverage is included
- Drivers considered higher risk with multiple at-fault accidents may pay on average $2,680 more every year to insure their XM
Rate Tables and Charts
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
| Deductible | Premium |
|---|---|
| $100 | $2,984 |
| $250 | $2,616 |
| $500 | $2,206 |
| $1,000 | $1,814 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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