BMW XM Insurance Rates

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:

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

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.

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.

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

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.

View Chart as Image

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