BMW XM Insurance Rates
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Michelle Robbins
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UPDATED: Mar 28, 2024
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Estimated auto insurance rates for a BMW XM are $2,176 annually for full coverage. Comprehensive insurance costs an estimated $466, collision insurance costs $1,220, and liability insurance costs around $354. A policy with only liability insurance costs as low as $406 a year, and a high-risk policy costs $4,818 or more. Teen drivers pay the most at up to $7,770 a year.
Average premium for full coverage: $2,176
Premium estimates broken down by type of coverage:
Includes $500 deductibles, split liability limits of 30/60, and includes uninsured motorist and medical coverage. Rates include averaging for all states and for different XM trim levels.
Insurance Price Range by Risk and Coverage
For a driver in their 40's, insurance rates for a BMW XM range from as cheap as $406 for the bare minimum liability coverage to a much higher rate of $4,818 for coverage for higher-risk drivers.
Insurance Price Range by Location
Where you live has a significant impact on insurance rates. More rural locations are statistically proven to have fewer accident claims than larger metro areas. The price range example below illustrates how location helps determine insurance prices.
These rate differences show why anyone shopping for car insurance should compare prices for a targeted area and their own personal driving habits, rather than relying on price 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.
Additional Rate Information
The chart below shows average BMW XM insurance rates for other coverage scenarios.
- The lowest rate with discounts is $1,156
- Using higher $1,000 deductibles will save approximately $380 a year
- The estimated rate for a 40-year-old good driver who has $500 deductibles is $2,176
- Choosing more expensive low deductibles for physical damage coverage costs an additional $756 a year
- Drivers with multiple violations and an at-fault accident could pay up to $4,818
- An auto insurance policy with full coverage for a teen driver with full coverage can cost as much as $7,770 or more
Car insurance prices for a BMW XM also have a wide range based on the model of your XM, your driver profile, and liability limits and deductibles.
An older driver with no driving violations and high physical damage deductibles could pay as little as $2,000 a year, or $167 per month, for full coverage. Prices are highest for drivers in their teens, where even without any violations or accidents they will be charged at least $7,700 a year. View Rates by Age
If you have a few violations or you caused a few accidents, you could be paying $2,700 to $3,500 extra annually, depending on your age. High-risk driver insurance can be anywhere from 45% to 138% more than average. View High Risk Driver Rates
Choosing high deductibles could cut prices by as much as $1,140 each year, while increasing your policy's liability limits will increase premiums. Going from a 50/100 bodily injury limit to a 250/500 limit will cost up to $318 extra every 12 months. View Rates by Deductible or Liability Limit
Where you choose to live has a huge impact on BMW XM insurance rates. A driver around age 40 might see prices as low as $1,430 a year in states like Iowa, Maine, and Idaho, or as much as $3,100 on average in New York, Louisiana, and Michigan.
| 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% |
| 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 the Cheapest BMW XM Insurance
Finding better rates on BMW XM insurance requires not taking risks behind the wheel, having a good credit score, not filing small claims, and possibly higher deductibles. Invest time comparing rates at least once a year by getting rate quotes from direct carriers, and also from local exclusive and independent agents.
The following is a recap of the primary concepts that were covered in the charts and tables above.
- Drivers can save approximately $290 per year just by shopping early and online
- High-risk drivers that have major violations or accidents may pay on average $2,640 more annually for XM insurance
- Increasing policy deductibles could save up to $1,125 each year
- Teens have the highest car insurance prices, as much as $648 per month if comprehensive and collision insurance is included
Rate Tables and Charts
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
| Deductible | Premium |
|---|---|
| $100 | $2,932 |
| $250 | $2,574 |
| $500 | $2,176 |
| $1,000 | $1,796 |
Full coverage, driver age 40
Rates by Liability Limit
| 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
| 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.
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 |
Discounts are estimated and may not be available from every company or in every state.
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