BMW XM Insurance Rates

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UPDATED: Mar 28, 2024

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The average auto insurance rates for a BMW XM are $2,176 annually including full coverage. Comprehensive costs approximately $466, collision costs $1,220, and liability is estimated at $354. Liability-only insurance costs approximately $406 a year, with high-risk driver insurance costing around $4,818. 16-year-old drivers cost the most to insure at $7,770 a year or more.

Average premium for full coverage: $2,176

Policy rates by type of insurance:

Comprehensive $466
Collision $1220
Liability $354

Price estimates include $500 comprehensive and collision deductibles, split liability limits of 30/60, and includes medical and uninsured motorist coverage. Prices are averaged for all 50 U.S. states and for all XM models.

Price Range Variability

For the average 40-year-old driver, BMW XM insurance rates go from as cheap as $406 for just liability coverage to the much higher price of $4,818 for coverage for higher-risk drivers.

Liability Only $406
Full Coverage $2,176
High Risk $4,818

Urban vs. Rural Price Range

Living in a larger city can make a big difference on car insurance prices. Rural locations are shown to have fewer comprehensive and collision claims than congested cities.

The example below illustrates the difference location can make on auto insurance prices.

Rural Areas $1,632
Small Cities $2,285
Large Cities $2,938

The examples above highlight why everyone should get quotes using their specific location and their own personal driving habits, instead of making a decision based on rate 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.

Detailed Rate Analysis

The chart below breaks down estimated BMW XM insurance rates for additional coverage and risk scenarios.

  • The best full coverage rate is $1,156
  • Choosing higher $1,000 deductibles can save $380 every year
  • The estimated rate for a good driver age 40 who chooses $500 deductibles is $2,176
  • Buying pricier low deductibles for comp and collision coverage will cost $2,932
  • Higher-risk drivers with multiple tickets or accidents could pay around $4,818 or more
  • Policy cost with full coverage for a 16-year-old driver for full coverage can cost $7,770 each year

View Chart as Image

BMW XM insurance cost comparison chart
Column chart showing full coverage BMW XM insurance rates range from $1,156 to $7,770

Auto insurance rates for a BMW XM also range considerably based on the model year and trim level, your driving characteristics, and physical damage deductibles and liability limits.

A more mature driver with a good driving record and high physical damage deductibles may pay as low as $2,000 annually on average, or $167 per month, for full coverage. Rates are highest for teenagers, where even without any violations or accidents they will have to pay in the ballpark of $7,700 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you are likely paying anywhere from $2,700 to $3,500 in extra premium every year, depending on your age. BMW XM insurance for high-risk drivers ranges from 45% to 138% more than the average rate. View High Risk Driver Rates

Opting for high physical damage deductibles can save as much as $1,140 annually, whereas buying more liability protection will push rates upward. Changing from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $318 extra every year. View Rates by Deductible or Liability Limit

Your home state plays a big part in determining prices for BMW XM insurance prices. A good driver about age 40 could pay as low as $1,670 a year in states like Vermont, New Hampshire, and Missouri, or at least $3,100 on average in Louisiana, New York, and Michigan.

BMW XM Insurance Rates by State
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%

View Chart as Image

BMW XM insurance rates by U.S. city

Because rates have so much variability, the best way to figure out who has the best auto insurance rates is to regularly compare rates from multiple companies. Each auto insurer utilizes a different rate formula, and quoted rates will be varied between companies.

BMW XM Insurance Rates by Model Year
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 Cheaper BMW XM Insurance

Finding cheaper rates on insurance for a BMW XM takes having a decent driving record, having above-average credit, paying for small claims out-of-pocket, and not having any coverage lapses. Make time to compare rates at least once a year by getting rate quotes from direct car insurance companies like Progressive, GEICO, and Esurance, and also from local insurance agencies.

The following items are a condensed summary of the primary concepts that were touched on in this article.

  • You may be able to save around $290 per year simply by quoting online well ahead of the renewal date
  • Drivers considered higher risk with multiple at-fault accidents may have to pay on average $2,640 more per year than a driver with a clean driving record
  • Increasing comprehensive and collision deductibles could save up to $1,125 each year
  • 16 to 18-year-old drivers have the highest car insurance rates, with premiums being up to $648 each month if full coverage is included

Rates by Driver Age

BMW XM Insurance 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

BMW XM Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,932
$250 $2,574
$500 $2,176
$1,000 $1,796

Full coverage, driver age 40

Rates by Liability Limit

BMW XM Insurance Rates with Different Liability Limits
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

BMW XM Insurance 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.

SR-22 Surcharge $334

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
Rate after discounts $1,156

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

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