BMW XM Insurance Rates

U.S. average insurance rates for a BMW XM are $2,206 a year with full coverage. Comprehensive insurance costs approximately $482 a year, collision insurance costs $1,250, and liability costs around $338. Liability-only insurance costs as low as $394 a year, and high-risk driver insurance costs $4,882 or more. Teenage drivers pay the highest rates at up to $7,846 a year.

Average premium for full coverage: $2,206

Price estimates by individual coverage:

Rate estimates include $500 comprehensive and collision deductibles, liability limits of 30/60, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all U.S. states and XM trim levels.

Price Range from Low to High

Geographic Price Range

Where you live can have significant affects on the price of insurance. Rural locations have a lower frequency of collision claims than densely populated cities. The diagram below illustrates the difference between rural and urban areas on auto insurance prices.

The ranges above demonstrate why it is important to compare prices using their specific location and risk profile, instead of using average rates.

Use the form below to get customized rates for your location.

Additional Charts and Tables

The chart below details average BMW XM insurance rates for additional coverage and risk scenarios.

• The best discount rate is $1,170
• Using higher $1,000 deductibles will save $1,814 annually
• The average rate for the average middle-age driver who chooses $500 deductibles is $2,206
• Using low $100 deductibles for physical damage coverage will cost an extra $778 every year
• Drivers who are prone to accidents and violations could pay around $4,882
• The price for full coverage for a teen driver can cost $7,846 or more

View Chart as Image

Car insurance prices for a BMW XM are also quite variable based on your driving record, the trim level and model year, and physical damage deductibles and liability limits.

Older drivers with no driving violations and high deductibles may pay as little as $2,000 a year for full coverage. Prices are much higher for teenage drivers, where even good drivers will be charged in the ballpark of $7,800 a year. View Rates by Age

The state you live in has a huge impact on BMW XM insurance prices. A driver around age 40 might see prices as low as $1,580 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $2,970 on average in New York, Michigan, and Florida.

View Chart as Image

Using high physical damage deductibles could cut prices by as much as $1,170 every year, while buying higher liability limits will push prices upward. Moving from a 50/100 limit to a 250/500 limit will increase prices by as much as $304 extra every 12 months. View Rates by Deductible or Liability Limit

If you have some driving violations or tend to cause accidents, you may be forking out anywhere from $2,700 to $3,600 extra each year, depending on your age. A high-risk auto insurance policy can be as much as 46% to 136% more than a normal policy. View High Risk Driver Rates

How to Find the Best BMW XM Insurance

Getting lower rates on car insurance requires avoiding accidents and violations, having above-average credit, avoid buying unnecessary coverage, and attention to physical damage deductibles. Set aside time to compare rates once a year by requesting quotes from direct companies like Progressive and GEICO, and also from several local insurance agents.

The list below is a brief recap of the data that was covered above.

• You may be able to save around $290 per year just by quoting early and online
• Policyholders who purchase higher liability limits will pay an extra $370 every year to increase from a low limit to 250/500 limits
• Teenagers pay the highest auto insurance prices, costing up to $654 a month if full coverage is included
• Higher risk drivers who tend to receive serious violations pay on average $2,680 more per year for car insurance