BMW XM Insurance Rates
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UPDATED: Mar 28, 2024
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Average insurance rates for a BMW XM are $2,230 a year including full coverage. Comprehensive insurance costs an estimated $502 a year, collision costs $1,260, and liability costs around $332. A policy with just liability insurance costs as low as $388 a year, with coverage for high-risk drivers costing $4,924 or more. Teens receive the highest rates at $7,878 a year or more.
Average premium for full coverage: $2,230
Rate estimates broken down by individual coverage type:
Includes $500 physical damage insurance deductibles, 30/60 bodily injury liability limits, and includes UM/UIM and medical coverage. Rates are averaged for all 50 U.S. states and XM trim levels.
Price Range by Coverage and Risk
For an average driver, prices range go from as low as $388 for a discount liability-only rate to a high of $4,924 for a driver who requires high-risk insurance.
Price Range by Location
Where you live can have significant affects on the price of auto insurance. More rural locations tend to have a lower frequency of comprehensive and collision claims than cities with more traffic congestion.
The diagram below illustrates the effect of geographic area on insurance prices.
These examples highlight why it is important to compare prices for a targeted area and risk profile, instead of using 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.
Rates by State, City, and Model
The chart below breaks down estimated BMW XM insurance rates for other coverage scenarios.
- The cheapest rate after discounts is $1,184
- Using higher $1,000 deductibles will save approximately $1,832 every year
- The average rate for a 40-year-old driver who has $500 deductibles is $2,230
- Selecting low $100 deductibles for physical damage coverage will cost an extra $790 every year
- Drivers with serious driving violations could pay up to $4,924 or more
- The cost for full coverage for a teen driver can cost as much as $7,878 or more
Insurance rates for a BMW XM can also vary considerably based on your driver profile, the model of your XM, and liability limits and deductibles.
Older drivers with no violations or accidents and high deductibles may pay as little as $2,000 a year for full coverage. Rates are much higher for teen drivers, where even good drivers should be prepared to pay at least $7,800 a year. View Rates by Age
Where you live has a huge impact on BMW XM insurance prices. A driver around age 40 might see rates as low as $1,710 a year in states like Vermont, New Hampshire, and Missouri, or have to pay at least $3,180 on average in Louisiana, New York, and Michigan.
| State | Premium | Compared to U.S. Avg | Percent Difference |
|---|---|---|---|
| Alabama | $2,014 | -$216 | -9.7% |
| Alaska | $1,710 | -$520 | -23.3% |
| Arizona | $1,848 | -$382 | -17.1% |
| Arkansas | $2,230 | -$0 | 0.0% |
| California | $2,540 | $310 | 13.9% |
| Colorado | $2,128 | -$102 | -4.6% |
| Connecticut | $2,288 | $58 | 2.6% |
| Delaware | $2,520 | $290 | 13.0% |
| Florida | $2,784 | $554 | 24.8% |
| Georgia | $2,060 | -$170 | -7.6% |
| Hawaii | $1,600 | -$630 | -28.3% |
| Idaho | $1,510 | -$720 | -32.3% |
| Illinois | $1,658 | -$572 | -25.7% |
| Indiana | $1,680 | -$550 | -24.7% |
| Iowa | $1,504 | -$726 | -32.6% |
| Kansas | $2,116 | -$114 | -5.1% |
| Kentucky | $3,040 | $810 | 36.3% |
| Louisiana | $3,300 | $1,070 | 48.0% |
| Maine | $1,376 | -$854 | -38.3% |
| Maryland | $1,840 | -$390 | -17.5% |
| Massachusetts | $1,778 | -$452 | -20.3% |
| Michigan | $3,870 | $1,640 | 73.5% |
| Minnesota | $1,866 | -$364 | -16.3% |
| Mississippi | $2,670 | $440 | 19.7% |
| Missouri | $1,978 | -$252 | -11.3% |
| Montana | $2,394 | $164 | 7.4% |
| Nebraska | $1,756 | -$474 | -21.3% |
| Nevada | $2,672 | $442 | 19.8% |
| New Hampshire | $1,606 | -$624 | -28.0% |
| New Jersey | $2,492 | $262 | 11.7% |
| New Mexico | $1,974 | -$256 | -11.5% |
| New York | $2,344 | $114 | 5.1% |
| North Carolina | $1,284 | -$946 | -42.4% |
| North Dakota | $1,828 | -$402 | -18.0% |
| Ohio | $1,536 | -$694 | -31.1% |
| Oklahoma | $2,286 | $56 | 2.5% |
| Oregon | $2,042 | -$188 | -8.4% |
| Pennsylvania | $2,126 | -$104 | -4.7% |
| Rhode Island | $2,972 | $742 | 33.3% |
| South Carolina | $2,020 | -$210 | -9.4% |
| South Dakota | $1,882 | -$348 | -15.6% |
| Tennessee | $1,950 | -$280 | -12.6% |
| Texas | $2,688 | $458 | 20.5% |
| Utah | $1,650 | -$580 | -26.0% |
| Vermont | $1,522 | -$708 | -31.7% |
| Virginia | $1,336 | -$894 | -40.1% |
| Washington | $1,720 | -$510 | -22.9% |
| West Virginia | $2,044 | -$186 | -8.3% |
| Wisconsin | $1,542 | -$688 | -30.9% |
| Wyoming | $1,986 | -$244 | -10.9% |
Choosing higher comprehensive and collision insurance deductibles could cut rates by as much as $1,190 every year, while buying higher liability limits will increase premiums. Changing from a 50/100 limit to a 250/500 limit will cost as much as $299 more each year. View Rates by Deductible or Liability Limit
If you like to drive fast or tend to cause accidents, you are likely paying $2,700 to $3,600 additional per year, depending on your age. A high-risk auto insurance policy can be as much as 46% to 135% more than the average policy. View High Risk Driver Rates
With so much variability in rates, the best way to figure out which company is cheapest is to get quotes and see which company has the best rate. Each insurance company calculates rates differently, and rates can be significantly different from one company to the next.
| Model Year | Comprehensive | Collision | Liability | Total Premium |
|---|---|---|---|---|
| 2024 BMW XM | $528 | $1,310 | $316 | $2,290 |
| 2023 BMW XM | $502 | $1,260 | $332 | $2,230 |
| 2022 BMW XM | $482 | $1,250 | $338 | $2,206 |
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 the Cheapest BMW XM Insurance
Saving money on car insurance requires being a low-risk driver, having a good credit history, not filing small claims, and maximizing policy discounts. Take the time to compare rates at every other renewal by requesting rates from direct car insurance companies like GEICO and Progressive, and also from your local independent and exclusive agents.
The items below are a recap of the concepts that were covered in the above illustrations.
- Higher risk drivers that have major violations or accidents may pay on average $2,690 more annually to insure their XM
- Teen drivers are expensive to insure, as much as $657 per month including comprehensive and collision insurance
- You may be able to save approximately $300 per year simply by quoting early and online
- Increasing deductibles can save around $1,200 each year
- You may be able to save approximately $300 per year simply by quoting early and online
Rate Tables and Charts
Rates by Driver Age
| Driver Age | Premium |
|---|---|
| 16 | $7,878 |
| 20 | $5,280 |
| 30 | $2,376 |
| 40 | $2,230 |
| 50 | $2,030 |
| 60 | $2,000 |
Full coverage, $500 deductibles
Rates by Deductible
| Deductible | Premium |
|---|---|
| $100 | $3,020 |
| $250 | $2,648 |
| $500 | $2,230 |
| $1,000 | $1,832 |
Full coverage, driver age 40
Rates by Liability Limit
| Liability Limit | Premium |
|---|---|
| 30/60 | $2,230 |
| 50/100 | $2,296 |
| 100/300 | $2,379 |
| 250/500 | $2,595 |
| 100 CSL | $2,330 |
| 300 CSL | $2,512 |
| 500 CSL | $2,645 |
Full coverage, driver age 40
Rates for High Risk Drivers
| Age | Premium |
|---|---|
| 16 | $11,430 |
| 20 | $8,428 |
| 30 | $5,090 |
| 40 | $4,924 |
| 50 | $4,696 |
| 60 | $4,662 |
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 | $126 |
| Multi-vehicle | $120 |
| Homeowner | $28 |
| 5-yr Accident Free | $199 |
| 5-yr Claim Free | $152 |
| Paid in Full/EFT | $126 |
| Advance Quote | $127 |
| Online Quote | $168 |
| Total Discounts | $1,046 |
Discounts are estimated and may not be available from every company or in every state.
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