BMW XM Insurance Rates

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UPDATED: Mar 28, 2024

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Average auto insurance rates for a BMW XM are $2,176 annually for full coverage. Comprehensive insurance costs approximately $466, collision costs $1,220, and liability costs around $354. A policy with just liability insurance costs as low as $406 a year, with coverage for high-risk drivers costing $4,818 or more. 16-year-old drivers receive the highest rates at $7,770 a year or more.

Average premium for full coverage: $2,176

Rate estimates by individual coverage type:

Comprehensive $466
Collision $1220
Liability $354

Price estimates include $500 deductibles, split liability limits of 30/60, and includes medical and UM/UIM coverage. Rates are averaged for all states and for all XM models.

Price Range by Coverage and Risk

For the average driver, prices range go from as cheap as $406 for just liability insurance to the much higher price of $4,818 for coverage for higher-risk drivers.

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

Price Range by Location

Where you live can make a big difference on car insurance rates. Rural locations tend to have fewer accident claims than congested cities.

The example below illustrates how location impacts auto insurance prices.

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

These examples show why everyone should compare prices using their specific location and their own personal driving habits, instead of making a decision based on rate 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.

More Rate Details

The chart below shows estimated BMW XM insurance rates for additional coverage and risk scenarios.

  • The best full coverage rate is $1,156
  • Using higher $1,000 deductibles will save $380 a year
  • The estimated rate for a 40-year-old driver who chooses $500 deductibles is $2,176
  • Buying pricier low deductibles for physical damage coverage costs an additional $756 annually
  • High-risk insureds with multiple tickets or accidents could pay around $4,818 or more
  • The cost with full coverage for a 16-year-old driver for full coverage can cost $7,770 or more

View Chart as Image

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

Insurance rates for a BMW XM can also vary considerably based on the trim level of your XM, your driver profile, and physical damage deductibles and liability limits.

A more mature driver with no violations or accidents and high physical damage deductibles may pay as low as $2,000 a year for full coverage. Rates are highest for teen drivers, where even without any violations or accidents they should be prepared to pay in the ballpark of $7,700 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you could be paying anywhere from $2,700 to $3,500 additional per year, depending on your age. BMW XM insurance for high-risk drivers can be from 45% to 138% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles could cut rates by as much as $1,140 annually, whereas buying more liability protection will push rates upward. Going from a 50/100 bodily injury limit to a 250/500 limit will cost as much as $318 more each year. View Rates by Deductible or Liability Limit

Where you live has a huge impact on BMW XM insurance prices. A driver around age 40 might see rates as low as $1,430 a year in states like Iowa, Maine, and Idaho, or at least $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

With so much variability in rates, the only way to know who has the cheapest car insurance rates is to regularly compare rates from multiple companies. Each insurance company utilizes a different rate formula, and rates can be significantly different 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 Cheaper BMW XM Insurance

Saving money on insurance for a BMW XM requires not taking risks behind the wheel, having good credit, eliminating unneeded coverage, and qualifying for all possible discounts. Spend time shopping around at least once a year by getting rate quotes from direct carriers like Progressive and GEICO, and also from several local insurance agents.

The following is a condensed summary of the primary concepts that were touched on above.

  • Drivers can save around $290 per year simply by quoting online well ahead of the renewal date
  • Drivers considered higher risk with multiple at-fault accidents pay on average $2,640 more per year for XM insurance
  • Increasing deductibles could save up to $1,125 each year
  • Teens are the costliest to insure, costing as high as $648 per month if they have full coverage

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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