BMW XM Insurance Rates
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Michelle Robbins
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UPDATED: Mar 28, 2024
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The average insurance prices for a BMW XM are $2,206 every 12 months with full coverage. Comprehensive costs approximately $482, collision costs $1,250, and liability insurance costs around $338. Liability-only coverage costs as low as $394 a year, with high-risk coverage costing around $4,882. Teens cost the most to insure at $7,846 a year or more.
Average premium for full coverage: $2,206
Policy rates by type of insurance:
Prices are based on $500 physical damage insurance deductibles, liability coverage up to 30/60, and includes additional medical/uninsured motorist coverage. Prices are averaged for all U.S. states and for different XM trim levels.
Price Range Variability
Using a 40-year-old driver as an example, BMW XM insurance rates go from the cheapest price of $394 for just the minimum liability insurance to a much higher rate of $4,882 for a high-risk driver policy.
Urban vs. Rural Price Range
Where you live has a significant impact on the price of insurance. Rural locations are shown to have more infrequent collision claims than cities with more traffic congestion.
The price range example below illustrates how rural and urban location affects auto insurance prices.
The examples above demonstrate why anyone shopping for car insurance should compare prices using their specific location and their own driving history, rather than relying 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 details estimated BMW XM insurance rates for additional coverage and risk scenarios.
- The cheapest rate after discounts is $1,170
- Using higher $1,000 deductibles will save $392 annually
- The average price for a good driver age 40 who chooses $500 deductibles is $2,206
- Selecting more expensive low deductibles for physical damage coverage increases the price to $2,984
- Drivers with serious driving violations could pay around $4,882 or more
- Policy cost to insure a teen driver with full coverage can cost $7,846 or more
Insurance rates for a BMW XM also range considerably based on liability limits and deductibles, your driving record, and the model of your XM.
Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $1,170 each year, while increasing your policy's liability limits will push rates upward. Moving from a 50/100 liability limit to a 250/500 limit will raise rates by up to $304 more each year. View Rates by Deductible or Liability Limit
An older driver with no violations or accidents and higher deductibles could pay as little as $2,000 a year, or $167 per month, for full coverage. Rates are much higher for teenagers, since even excellent drivers should be prepared to pay in the ballpark of $7,800 a year. View Rates by Age
If you have a few points on your driving record or you were responsible for an accident, you may be forking out anywhere from $2,700 to $3,600 additional every year, depending on your age. High-risk driver insurance can be anywhere from 46% to 136% more than the average policy. View High Risk Driver Rates
Your home state has a huge impact on BMW XM insurance rates. A driver around age 40 might see rates as low as $1,580 a year in states like Utah, Ohio, and New Hampshire, or have to pay at least $2,970 on average in New York, Michigan, and Florida.
| 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% |
Because rates have so much variability, the best way to find out who has the cheapest auto insurance rates is to compare rates from as many companies as possible. Each insurance company calculates rates differently, and 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 Shop for Affordable BMW XM Insurance
Finding cheaper rates on BMW XM insurance requires being a low-risk driver, having above-average credit, not filing small claims, and qualifying for all possible discounts. Set aside time to shop around every time your policy renews by requesting quotes from direct companies, and also from insurance agencies where you live.
The items below are a brief review of the information raised in the charts and tables above.
- You may be able to save around $290 per year simply by shopping early and online
- Teen drivers are the costliest to insure, as much as $654 each month if full coverage is included
- Increasing comprehensive and collision deductibles could save as much as $1,175 each year
- High-risk drivers with DUI or reckless driving convictions could be forced to pay on average $2,680 more per year to insure their XM
- Drivers who purchase more liability coverage will pay approximately $370 every year to increase from a 30/60 limit to a 250/500 level
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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