BMW XM Insurance Rates

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How Much Does 2022 BMW XM Car Insurance Cost in 2025?

Trying to find the cheapest auto insurance rates for your BMW XM? Searching for the cheapest insurance for your BMW XM can be a lot of work, but you can use these tips to save time. There is a better way to shop for auto insurance so we're going to tell you the best way to price shop coverage for a BMW and find the lowest possible price from local insurance agents and online providers. Locating a...

Dani Best

Licensed Insurance Producer

Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...

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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 with full coverage. Comprehensive costs around $482, collision costs $1,250, and liability costs around $338. Buying just liability costs as low as $394 a year, with insurance for high-risk drivers costing around $4,882. Teen drivers cost the most to insure at $7,846 a year or more.

Average premium for full coverage: $2,206

Policy rates for type of insurance:

Comprehensive $482
Collision $1250
Liability $338

Price estimates include $500 physical damage insurance deductibles, liability limits of 30/60, and includes uninsured motorist and medical coverage. Prices are averaged for all U.S. states and for different XM trim levels.

Price Range Variability

For the normal driver, BMW XM insurance rates go from the low end price of $394 for the bare minimum liability coverage to a much higher rate of $4,882 for a driver that may need high-risk insurance.

Liability Only $394
Full Coverage $2,206
High Risk $4,882

Urban vs. Rural Price Range

Where you live can make a big difference on insurance rates. Areas with sparse population are shown to have lower incidents of collision claims than larger metro areas.

The price range example below illustrates how geographic area affects auto insurance rates.

Rural Areas $1,655
Small Cities $2,316
Large Cities $2,978

The examples above demonstrate why anyone shopping for car insurance should compare prices for a specific zip code, instead of making a decision based 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 details estimated BMW XM insurance rates for additional coverage choices and driver risks.

  • The lowest rate with discounts is $1,170
  • Using higher $1,000 deductibles will save about $392 annually
  • The estimated price for a good driver age 40 using $500 deductibles is $2,206
  • Choosing more expensive low deductibles for physical damage coverage bumps up the cost to $2,984
  • High-risk insureds with multiple violations and an at-fault accident could pay at least $4,882 or more
  • Policy cost that insures a 16-year-old driver with full coverage can be $7,846 or more

View Chart as Image

BMW XM insurance cost comparison chart
Column chart showing full coverage BMW XM insurance rates range from $1,170 to $7,846

Insurance rates for a BMW XM also range considerably based on the model year and trim level, your age and driving habits, and deductibles and policy limits.

If you have a few points on your driving record or you caused an accident, you may be forking out at least $2,700 to $3,600 extra every year, depending on your age. High-risk driver insurance can be from 46% to 136% more than average. View High Risk Driver Rates

An older driver with a clean driving record and higher comprehensive and collision deductibles may pay as low as $2,000 a year, or $167 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records can expect to pay as much as $7,800 a year. View Rates by Age

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

BMW XM Insurance Rates by State
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%

View Chart as Image

BMW XM insurance rates by U.S. city

Choosing high deductibles could cut rates by as much as $1,170 annually, while increasing your policy's liability limits will increase rates. Moving from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $304 more per year. View Rates by Deductible or Liability Limit

Because rates have so much variability, the best way to find out your exact price is to compare rates from multiple companies. Each insurance company uses a different rate calculation, so the rates will be varied.

BMW XM Insurance Rates by Model Year
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 Cheaper BMW XM Insurance

Finding cheaper rates on insurance for a BMW XM requires being a low-risk driver, having above-average credit, not filing small claims, and insuring your home and auto with the same company. Shop around once a year by requesting rates from direct companies, and also from your local independent and exclusive agents.

The items below are a condensed summary of the data that was presented in the illustrations above.

  • You may be able to save up to $290 per year simply by shopping early and online
  • Insureds who may need more liability coverage will pay about $370 every year to increase from a 30/60 limit to the 250/500 level
  • Teen drivers pay higher rates, as much as $654 each month if full coverage is included
  • Drivers considered higher risk with multiple at-fault accidents may pay on average $2,680 more every year to insure their XM

Rates by Driver Age

BMW XM Insurance 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

BMW XM Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,984
$250 $2,616
$500 $2,206
$1,000 $1,814

Full coverage, driver age 40

Rates by Liability Limit

BMW XM Insurance Rates with Different Liability Limits
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

BMW XM Insurance 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.

SR-22 Surcharge $338

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
Rate after discounts $1,170

Discounts are estimated and may not be available from every company or in every state.

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