BMW XM Insurance Rates

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UPDATED: Mar 28, 2024

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U.S. average insurance prices for a BMW XM are $2,176 every 12 months including full coverage. Comprehensive insurance costs on average $466, collision costs $1,220, and liability insurance is $354. Liability-only insurance costs around $406 a year, with high-risk driver insurance costing $4,818 or more. Teenage drivers pay the highest rates at $7,770 a year or more.

Average premium for full coverage: $2,176

Price estimates by individual coverage:

Comprehensive $466
Collision $1220
Liability $354

Estimates include $500 deductibles, minimum liability limits, and includes UM/UIM and medical coverage. Estimates are averaged for all 50 U.S. states and for all XM models.

Price Range from Low to High

For a 40-year-old driver, BMW XM insurance prices go from the cheapest price of $406 for a discount liability-only rate to the much higher price of $4,818 for high-risk insurance.

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

Geographic Price Range

Choosing to live in a large city has a significant impact on car insurance rates. Rural areas have more infrequent comprehensive and collision claims than densely populated cities.

The example below illustrates how your location can change car insurance rates.

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

The ranges above highlight why everyone should compare rates quotes based on a specific location and their own driving history, rather than relying on average rates.

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.

Rates by State, City, and Model

The chart below breaks down estimated BMW XM insurance rates for different risk profiles and scenarios.

  • The best discount rate is $1,156
  • Raising to $1,000 deductibles will save around $380 every year
  • The average price for the average middle-age driver with $500 deductibles is $2,176
  • Using pricier low deductibles costs an extra $756 a year
  • Higher-risk drivers who are prone to accidents and violations could pay upwards of $4,818 or more
  • The price to insure a teen driver for full coverage may cost $7,770

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

Car insurance prices for a BMW XM are also quite variable based on deductibles and policy limits, your driving characteristics, and the trim level of your XM.

Using high physical damage deductibles can reduce prices by up to $1,140 each year, whereas buying more liability protection will cost you more. Changing from a 50/100 liability limit to a 250/500 limit will increase prices by as much as $318 extra every 12 months. View Rates by Deductible or Liability Limit

A more mature driver with no driving violations and higher deductibles could pay as little as $2,000 every 12 months on average for full coverage. Prices are much higher for teenage drivers, since even excellent drivers will be charged upwards of $7,700 a year. View Rates by Age

If you have some driving violations or you were responsible for an accident, you are likely paying at a minimum $2,700 to $3,500 extra each year, depending on your age. BMW XM insurance for high-risk drivers is expensive and can cost anywhere from 45% to 138% more than a normal policy. View High Risk Driver Rates

The state you live in also has a big influence on BMW XM insurance rates. A middle-age driver might find prices as low as $1,670 a year in states like Missouri, New Hampshire, and Vermont, or be forced to pay as much as $3,100 on average in Michigan, New York, and Louisiana.

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

Since prices can be so different, the best way to figure out exactly what you will pay is to regularly compare prices from as many companies as possible. Every auto insurance company uses a different method to calculate prices, so rate quotes may be quite different.

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 Shop for Low Cost BMW XM Insurance

Getting lower rates on BMW XM insurance consists of not taking risks behind the wheel, maintaining a good credit score, being claim-free, and maximizing policy discounts. Invest the time to shop around every couple of years by requesting quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from your local independent and exclusive agents.

The following is a review of the material that was illustrated above.

  • Drivers who require higher liability limits will pay an extra $390 per year to raise from a low limit to a 250/500 level
  • Teens are expensive to insure, possibly costing $648 a month if the policy includes full coverage
  • High-risk drivers who have several accidents or serious violations may pay on average $2,640 more each year for XM insurance
  • Increasing physical damage deductibles could save as much as $1,125 each year

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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