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 for full coverage. Comprehensive costs on average $502 a year, collision costs $1,260, and liability insurance is $332. Buying just liability costs around $388 a year, with insurance for high-risk drivers costing around $4,924. 16-year-old drivers receive the highest rates at $7,878 a year or more.
Average premium for full coverage: $2,230
Rate estimates by individual coverage type:
Prices are based on $500 policy deductibles, minimum liability limits, and includes medical/PIP and uninsured motorist coverage. Rates are averaged for all states and XM trim levels.
Price Range by Coverage and Risk
Using a 40-year-old driver as an example, prices range go from the low end price of $388 for liability-only coverage to a high of $4,924 for high-risk insurance.
Price Range by Location
Choosing to live in a large city has a significant impact on car insurance rates. Rural areas tend to have lower incidents of accident claims than congested cities.
The diagram below illustrates how rural and urban location affects car insurance rates.
These examples show why it is important to compare rates quotes based on a specific location, rather than relying 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.
Additional Charts and Tables
The chart below shows estimated BMW XM insurance rates for different risk profiles and scenarios.
- The best full coverage rate is $1,184
- Raising to $1,000 deductibles will save around $1,832 a year
- The estimated price for a 40-year-old driver with $500 deductibles is $2,230
- Buying low $100 deductibles bumps up the cost to $3,020
- Higher-risk drivers with multiple tickets or accidents could pay upwards of $4,924 or more
- The cost that insures a teen driver may cost $7,878
Auto insurance rates for a BMW XM can also vary considerably based on the trim level of your XM, how you drive, and policy deductibles and limits.
If you like to drive fast or you caused an accident, you could be paying at a minimum $2,700 to $3,600 in extra premium per year, depending on your age. A high-risk auto insurance policy is expensive and can cost anywhere from 46% to 135% more than the average rate. View High Risk Driver Rates
Older drivers with a good driving record and higher comprehensive and collision deductibles could pay as little as $2,000 every 12 months on average for full coverage. Rates are highest for teen drivers, since even teens with perfect driving records will have to pay upwards of $7,800 a year. View Rates by Age
Where you live 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 Idaho, Maine, and Iowa, or at least $3,180 on average in Michigan, Louisiana, and New York.
| 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% |
Opting for high physical damage deductibles can reduce rates by up to $1,190 each year, while buying higher liability limits will cost you more. Going from a 50/100 bodily injury protection limit to a 250/500 limit will cost as much as $299 extra every year. View Rates by Deductible or Liability Limit
With so much variability in rates, the only way to know exactly what you will pay is to get quotes from as many companies as possible. Every auto insurance company utilizes a different rate formula, and quoted rates can be significantly different.
| 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 Affordable BMW XM Insurance
Saving money on BMW XM insurance consists of being a good driver, maintaining a good credit score, eliminating unneeded coverage, and taking advantage of discounts. Comparison shop every couple of years by quoting rates from direct carriers like Progressive, GEICO, and Esurance, and also from local exclusive and independent agents.
The following list is a brief review of the material that was raised in the charts and tables above.
- Drivers who require an increased level of liability coverage will pay around $370 each year to raise from a minimum limit to the 250/500 level
- Drivers age 16 to 20 are charged the highest rates, costing as high as $657 per month if the policy includes full coverage
- High-risk drivers with DUI or reckless driving convictions may pay on average $2,690 more each year than a safer driver
- Increasing deductibles can save approximately $1,200 each year
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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