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 prices for a BMW XM are $2,206 every 12 months including full coverage. Comprehensive costs around $482 each year, collision costs $1,250, and liability is estimated at $338. Liability-only coverage costs approximately $394 a year, with high-risk coverage costing around $4,882. Teens receive the highest rates at $7,846 a year or more.
Average premium for full coverage: $2,206
Rate estimates for individual coverage type:
Full coverage includes $500 deductible amounts, liability limits of 30/60, and includes medical and uninsured motorist coverage. Rates are averaged for all 50 U.S. states and XM models.
Price Range by Coverage and Risk
For an average driver, prices range go from the cheapest price of $394 for just liability coverage to a high rate of $4,882 for a driver that may need high-risk insurance.
Price Range by Location
Living in a larger city can have significant affects on the price of insurance. Areas with sparse population tend to have more infrequent comprehensive and collision claims than cities with more traffic congestion.
The graphic below illustrates the effect of geographic area on auto insurance rates.
These examples highlight why all drivers should get quotes for a specific zip code and their own driving history, instead of using 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.
Detailed Rate Analysis
The chart below breaks down estimated BMW XM insurance rates for additional coverage choices and driver risks.
- The cheapest rate after discounts is $1,170
- Choosing higher $1,000 deductibles can save about $392 every year
- The average price for a 40-year-old driver using $500 deductibles is $2,206
- Selecting low deductibles for comp and collision coverage increases the price to $2,984
- Unlucky drivers with serious driving violations could pay at least $4,882 or more
- The cost to insure a teen driver can be $7,846 each year
Car insurance rates for a BMW XM can also vary considerably based on policy deductibles and limits, your driving characteristics, and the trim level and model year.
Choosing higher comprehensive and collision insurance deductibles can save as much as $1,170 every year, whereas increasing liability limits will increase rates. Changing from a 50/100 liability limit to a 250/500 limit will cost as much as $304 extra every 12 months. View Rates by Deductible or Liability Limit
More mature drivers with no driving violations and higher deductibles may pay as little as $2,000 annually on average for full coverage. Rates are much higher for teen drivers, since even excellent drivers will be charged as much as $7,800 a year. View Rates by Age
If you like to drive fast or you were responsible for an accident, you are likely paying at least $2,700 to $3,600 extra per year, depending on your age. Insurance for high-risk drivers ranges as much as 46% to 136% more than the average policy. View High Risk Driver Rates
Where you live plays a big part in determining prices for BMW XM insurance prices. A good driver about age 40 could pay as low as $1,690 a year in states like Missouri, New Hampshire, and Vermont, or have to pay at least $3,140 on average in Michigan, New York, and Louisiana.
| 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% |
With so much variability in rates, the best way to figure out your exact price is to do a rate comparison and see which company has the best rate. Each auto insurer calculates rates differently, so rate quotes can be significantly different.
| 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 Shop for More Affordable BMW XM Insurance
Saving money on car insurance takes having a good driving record, maintaining a good credit score, not filing small claims, and qualifying for all possible discounts. Take the time to compare rates once a year by obtaining price quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from insurance agencies where you live.
The next list is a summary of the data that was covered in the above illustrations.
- You may be able to save up to $290 per year simply by quoting online in advance
- Policyholders who may need increased levels of liability coverage will pay approximately $370 per year to raise limits from a minimum limit to a 250/500 level
- Drivers age 20 and younger are the costliest to insure, as much as $654 per month if the policy includes full coverage
- Higher risk drivers who have multiple accidents or major violations could be forced to pay on average $2,680 more every year to buy BMW XM insurance
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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