BMW XM Insurance Rates

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

UPDATED: Mar 28, 2024

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The average auto insurance rates for a BMW XM are $2,206 annually for full coverage. Comprehensive costs approximately $482, collision insurance costs $1,250, and liability is estimated at $338. Liability-only insurance costs approximately $394 a year, and high-risk driver insurance costs around $4,882. Teenage drivers cost the most to insure at up to $7,846 a year.

Average premium for full coverage: $2,206

Policy rates by type of insurance:

Comprehensive $482
Collision $1250
Liability $338

Includes $500 deductibles, liability limits of 30/60, and includes both medical and uninsured motorist insurance. Prices are averaged for all states and for all XM models.

Price Range Variability

For the average driver, BMW XM insurance rates range from as cheap as $394 for minimum levels of liability insurance to the much higher price of $4,882 for a driver that may need high-risk insurance.

Liability Only $394
Full Coverage $2,206
High Risk $4,882

Urban vs. Rural Price Range

Living in a larger city can have significant affects on car insurance rates. Rural locations are shown to have fewer accident claims than densely populated cities. The example below illustrates how location impacts auto insurance prices.

Rural Areas $1,655
Small Cities $2,316
Large Cities $2,978

The examples above show why everyone should get quotes using their specific location and their own personal driving habits, instead of using 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 Details

The chart below shows average BMW XM insurance rates for additional coverage and risk scenarios.

  • The best discount rate is $1,170
  • Choosing higher $1,000 deductibles can save $392 a year
  • The estimated rate for a good driver age 40 who chooses $500 deductibles is $2,206
  • Using pricier low deductibles for comp and collision coverage will cost $2,984
  • Unlucky drivers who are prone to accidents and violations could pay around $4,882
  • Policy cost with full coverage for a teen driver for full coverage can cost $7,846 each year

View Chart as Image

BMW XM insurance cost comparison chart
Column chart showing BMW XM insurance rates range from $1,170 to $7,846 for full coverage

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

A more mature driver with a good driving record and high physical damage deductibles may pay as little as $2,000 annually on average, or $167 per month, for full coverage. Rates are much higher for teenagers, where even without any violations or accidents they will have to pay in the ballpark of $7,800 a year. View Rates by Age

If you have a few points on your driving record or you caused a few accidents, you could be paying anywhere from $2,700 to $3,600 in extra premium every year, depending on your age. BMW XM insurance for high-risk drivers ranges as much as 46% to 136% more than a normal policy. View High Risk Driver Rates

Using high physical damage deductibles can save as much as $1,170 every year, whereas buying more liability protection will push rates upward. Going from a 50/100 bodily injury limit to a 250/500 limit will raise rates by up to $304 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 $1,450 a year in states like Iowa, Maine, and Idaho, or be forced to pay as much as $3,140 on average in New York, Louisiana, and Michigan.

BMW XM Insurance Rates by State
State Premium Compared to U.S. Avg Percent Difference
Alabama $1,994 -$212 -9.6%
Alaska $1,692 -$514 -23.3%
Arizona $1,830 -$376 -17.0%
Arkansas $2,206 -$0 0.0%
California $2,514 $308 14.0%
Colorado $2,106 -$100 -4.5%
Connecticut $2,266 $60 2.7%
Delaware $2,496 $290 13.1%
Florida $2,756 $550 24.9%
Georgia $2,038 -$168 -7.6%
Hawaii $1,586 -$620 -28.1%
Idaho $1,494 -$712 -32.3%
Illinois $1,644 -$562 -25.5%
Indiana $1,664 -$542 -24.6%
Iowa $1,488 -$718 -32.5%
Kansas $2,094 -$112 -5.1%
Kentucky $3,008 $802 36.4%
Louisiana $3,266 $1,060 48.1%
Maine $1,362 -$844 -38.3%
Maryland $1,822 -$384 -17.4%
Massachusetts $1,760 -$446 -20.2%
Michigan $3,830 $1,624 73.6%
Minnesota $1,848 -$358 -16.2%
Mississippi $2,642 $436 19.8%
Missouri $1,958 -$248 -11.2%
Montana $2,370 $164 7.4%
Nebraska $1,736 -$470 -21.3%
Nevada $2,644 $438 19.9%
New Hampshire $1,590 -$616 -27.9%
New Jersey $2,464 $258 11.7%
New Mexico $1,950 -$256 -11.6%
New York $2,322 $116 5.3%
North Carolina $1,272 -$934 -42.3%
North Dakota $1,806 -$400 -18.1%
Ohio $1,520 -$686 -31.1%
Oklahoma $2,262 $56 2.5%
Oregon $2,022 -$184 -8.3%
Pennsylvania $2,104 -$102 -4.6%
Rhode Island $2,940 $734 33.3%
South Carolina $1,998 -$208 -9.4%
South Dakota $1,860 -$346 -15.7%
Tennessee $1,930 -$276 -12.5%
Texas $2,658 $452 20.5%
Utah $1,630 -$576 -26.1%
Vermont $1,508 -$698 -31.6%
Virginia $1,324 -$882 -40.0%
Washington $1,702 -$504 -22.8%
West Virginia $2,022 -$184 -8.3%
Wisconsin $1,524 -$682 -30.9%
Wyoming $1,964 -$242 -11.0%

View Chart as Image

BMW XM insurance rates by U.S. city
BMW XM Insurance Rates by Model Year
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 Buy the Cheapest BMW XM Insurance

Finding cheaper rates on car insurance takes not taking risks behind the wheel, having above-average credit, avoid buying unnecessary coverage, and possibly higher deductibles. Spend time shopping around once a year by getting rate quotes from direct carriers like Progressive, GEICO, and Esurance, and also from several local insurance agents.

The following is a recap of the data that was touched on above.

  • Drivers can save around $290 per year just by quoting online well ahead of the renewal date
  • Policyholders who purchase higher liability limits will pay an extra $370 each year to raise limits from a 30/60 limit to higher 250/500 limits
  • Teens have the highest car insurance rates, costing up to $654 each month if full coverage is included
  • Higher risk drivers that have major violations or accidents pay on average $2,680 more per year for XM insurance

Rates by Driver Age

BMW XM Insurance Rates by Driver Age
Driver Age Premium
16 $7,846
20 $5,242
30 $2,348
40 $2,206
50 $2,012
60 $1,982

Full coverage, $500 deductibles

Rates by Deductible

BMW XM Insurance Rates with Different Deductibles
Deductible Premium
$100 $2,984
$250 $2,616
$500 $2,206
$1,000 $1,814

Full coverage, driver age 40

Rates by Liability Limit

BMW XM Insurance Rates with Different Liability Limits
Liability Limit Premium
30/60 $2,206
50/100 $2,274
100/300 $2,358
250/500 $2,578
100 CSL $2,307
300 CSL $2,493
500 CSL $2,629

Full coverage, driver age 40

Rates for High Risk Drivers

BMW XM Insurance Rates for High Risk Drivers
Age Premium
16 $11,378
20 $8,370
30 $5,044
40 $4,882
50 $4,658
60 $4,626

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 $338

Potential Rate Discounts

If you qualify for discounts, you may save the amounts shown below.

Discount Savings
Multi-policy $124
Multi-vehicle $119
Homeowner $27
5-yr Accident Free $197
5-yr Claim Free $151
Paid in Full/EFT $125
Advance Quote $127
Online Quote $166
Total Discounts $1,036
Rate after discounts $1,170

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

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