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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The average insurance rates for a BMW XM are $2,206 a year including full coverage. Comprehensive insurance costs an estimated $482, collision insurance costs $1,250, and liability insurance costs $338. Liability-only coverage costs as little as $394 a year, and high-risk coverage costs $4,882 or more. Teens cost the most to insure at up to $7,846 a year.
Average premium for full coverage: $2,206
Policy rates broken down by type of insurance:
Full coverage includes $500 comprehensive and collision deductibles, 30/60 liability limits, and includes additional medical/uninsured motorist coverage. Prices are averaged for all 50 U.S. states and for different XM trim levels.
Price Range Variability
For the normal driver, BMW XM insurance rates range from as low as $394 for just the minimum liability insurance to a much higher rate of $4,882 for a driver required to buy high-risk insurance.
Urban vs. Rural Price Range
Your location has a significant impact on the price of auto insurance. More rural locations are shown to have a lower frequency of comprehensive and collision claims than cities with more traffic congestion. The price range example below illustrates how geographic area affects insurance prices.
The examples above highlight why anyone shopping for car insurance should compare rates for a targeted area and risk profile, 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 breaks down average BMW XM insurance rates for other coverage scenarios.
- The cheapest rate after discounts is $1,170
- Drivers who choose higher $1,000 deductibles will pay approximately $392 every year
- The average rate for a good driver age 40 who has $500 deductibles is $2,206
- Selecting more expensive low deductibles for comprehensive and collision insurance will cost an extra $778 a year
- High risk drivers with serious driving violations could pay up to $4,882
- Policy cost for full coverage for a teen driver with full coverage can cost as much as $7,846 a year
Insurance rates for a BMW XM also range considerably based on your risk profile, the model of your XM, and liability limits and deductibles.
An older driver with no violations or accidents and high deductibles could pay as little as $2,000 per year on average, or $167 per month, for full coverage. Rates are much higher for teenagers, where even good drivers should be prepared to pay at least $7,800 a year. View Rates by Age
Your home state makes a big difference in BMW XM insurance rates. A 40-year-old driver could pay as low as $1,690 a year in states like Vermont, New Hampshire, and Missouri, or have to pay at least $3,140 on average in Louisiana, New York, and Michigan.
| 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 higher comprehensive and collision insurance deductibles could save up to $1,170 each year, while increasing your policy's liability limits will increase premiums. Changing from a 50/100 limit to a 250/500 limit will raise rates by up to $304 more each year. View Rates by Deductible or Liability Limit
If you have a few points on your driving record or tend to cause accidents, you are likely paying $2,700 to $3,600 additional every year, depending on your age. High-risk driver insurance can cost anywhere from 46% to 136% more than the average policy. View High Risk Driver Rates
| 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 More Affordable BMW XM Insurance
Finding cheaper rates on BMW XM insurance not only requires having a decent driving record, but also having a good credit history, paying for small claims out-of-pocket, and possibly raising deductibles. Invest the time to compare rates at every policy renewal by obtaining price quotes from direct car insurance companies like GEICO, Progressive, and Esurance, and also from your local independent and exclusive agents.
The following items are a summary of the data presented in the illustrations above.
- Drivers who want additional liability coverage will pay approximately $370 per year to go from a 30/60 limit to 250/500 limits
- You may be able to save approximately $290 per year just by shopping early and online
- Increasing comprehensive and collision deductibles can save around $1,175 each year
- 16 to 18-year-old drivers are expensive to insure, with premiums being up to $654 each month including comprehensive and collision 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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