BMW XM Insurance Rates
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UPDATED: Mar 28, 2024
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Estimated insurance rates for a BMW XM are $2,230 a year with full coverage. Comprehensive insurance costs an estimated $502 a year, collision costs $1,260, and liability insurance costs around $332. Liability-only insurance costs as low as $388 a year, with high-risk driver insurance costing $4,924 or more. Teenage drivers pay the most at $7,878 a year or more.
Average premium for full coverage: $2,230
Premium estimates broken down by type of coverage:
Estimates include $500 policy deductibles, 30/60 bodily injury liability limits, and includes uninsured motorist and medical coverage. Rates include averaging for all U.S. states and XM trim levels.
Insurance Price Range by Risk and Coverage
For an average driver, insurance rates for a BMW XM go from as low as $388 for the bare minimum liability coverage to a high of $4,924 for a driver who requires high-risk insurance.
Insurance Price Range by Location
Where you live has a significant impact on car insurance rates. More rural locations are statistically proven to have a lower frequency of collision claims than densely populated cities.
The diagram below illustrates the effect of geographic area on insurance prices.
These rate differences demonstrate why it is important to compare prices for a targeted area and risk profile, rather than relying on average rates.
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 other coverage scenarios.
- The best discount rate is $1,184
- Using higher $1,000 deductibles will save approximately $1,832 annually
- The average rate for a 40-year-old good driver who has $500 deductibles is $2,230
- Using low $100 deductibles for physical damage coverage will cost an extra $790 a year
- Drivers who are prone to accidents and violations could pay up to $4,924 or more
- An auto insurance policy for full coverage for a teen driver can cost as much as $7,878 or more
Insurance prices for a BMW XM also have a wide range based on your driving characteristics, the trim level and model year, and liability limits and deductibles.
Older drivers with no violations or accidents and high deductibles could pay as little as $2,000 a year, or $167 per month, for full coverage. Prices are much higher for drivers in their teens, where even good drivers should be prepared to pay at least $7,800 a year. View Rates by Age
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 $1,600 a year in states like Utah, Ohio, and New Hampshire, or be forced to pay as much as $3,000 on average in New York, Michigan, and Florida.
| 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% |
Using high physical damage deductibles could cut prices by as much as $1,190 each year, while buying higher liability limits will increase premiums. Moving from a 50/100 limit to a 250/500 limit will cost up to $299 more each year. View Rates by Deductible or Liability Limit
If you have a few violations or tend to cause accidents, you may be forking out $2,700 to $3,600 additional annually, depending on your age. A high-risk auto insurance policy can be anywhere from 46% to 135% more than a normal policy. View High Risk Driver Rates
With such a large range in prices, the best way to find out which insurance company is cheapest is to get quotes from as many companies as possible. Each insurance company uses a different method to calculate prices, and prices will be substantially 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 Low Cost BMW XM Insurance
Finding better rates on BMW XM insurance requires being a good driver, having a good credit history, being claim-free, and maximizing policy discounts. Take the time to compare rates at every other renewal by requesting rates from direct companies like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.
The following list is a review of the concepts that were covered in the above illustrations.
- High-risk drivers who have several accidents or serious violations may pay on average $2,690 more annually than a safer driver
- Drivers age 16 to 20 are expensive to insure, possibly costing $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 policy 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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