BMW XM Insurance Rates

The average insurance rates for a BMW XM are $2,230 a year for full coverage. Comprehensive costs an estimated $502, collision insurance costs $1,260, and liability insurance is $332. Liability-only coverage costs around $388 a year, and high-risk coverage costs around $4,924. Teen drivers cost the most to insure at up to $7,878 a year.

Average premium for full coverage: $2,230

Policy rates broken down by type of insurance:

Price estimates include $500 comprehensive and collision deductibles, 30/60 liability limits, and includes medical and UM/UIM coverage. Prices are averaged for all states and for all XM models.

Price Range Variability

Urban vs. Rural Price Range

Choosing to live in a large city has a significant impact on insurance rates. More rural locations are shown to have lower incidents of accident claims than larger metro areas. The example below illustrates how where you live affects insurance prices.

The examples above show why everyone should compare rates quotes for a targeted area, rather than relying on price averages.

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

More Rate Details

The chart below shows average BMW XM insurance rates for other coverage scenarios.

• The lowest rate with discounts is $1,184
• Raising to $1,000 deductibles will save approximately $398 a year
• The estimated price for a good driver age 40 who has $500 deductibles is $2,230
• Choosing pricier low deductibles bumps up the cost to $3,020
• Higher-risk drivers with multiple violations and an at-fault accident could pay up to $4,924
• Policy cost that insures a teen driver for full coverage can cost as much as $7,878

View Chart as Image

Insurance rates for a BMW XM also range considerably based on the model of your XM, how you drive, and liability limits and deductibles.

If you have a few points on your driving record or you caused an accident, you could be paying $2,700 to $3,600 additional every year, depending on your age. BMW XM insurance for high-risk drivers is expensive and can cost anywhere from 46% to 135% more than average. View High Risk Driver Rates

A more mature driver with no violations or accidents and higher comprehensive and collision deductibles could pay as little as $2,000 every 12 months on average, or $167 per month, for full coverage. Rates are highest for teenagers, since even teens with perfect driving records should be prepared to pay at least $7,800 a year. View Rates by Age

Your home state also has a big influence on BMW XM insurance rates. A middle-age driver might find rates as low as $1,470 a year in states like Iowa, Maine, and Idaho, or as much as $3,180 on average in New York, Louisiana, and Michigan.

View Chart as Image

Choosing high deductibles can reduce rates by up to $1,190 each year, whereas buying more liability protection will increase premiums. Going from a 50/100 bodily injury protection limit to a 250/500 limit will raise rates by up to $299 more each year. View Rates by Deductible or Liability Limit

How to Find Cheaper BMW XM Insurance

Finding cheaper rates on BMW XM insurance consists of having a decent driving record, having a good credit score, avoid buying unnecessary coverage, and possibly raising deductibles. Shop around at every policy renewal by requesting quotes from direct carriers, and also from your local independent and exclusive agents.

The following items are a condensed summary of the data touched on in the above illustrations.

• Drivers who want additional liability coverage will pay about $370 each year to raise from a 30/60 limit to the 250/500 level
• Drivers can save approximately $300 per year just by quoting online well ahead of the renewal date
• Increasing comprehensive and collision deductibles can save approximately $1,200 each year
• 16 to 18-year-old drivers are expensive to insure, costing up to $657 each month if comprehensive and collision insurance is included