BMW XM Insurance Rates

U.S. average insurance rates for a BMW XM are $2,230 a year including full coverage. Comprehensive costs approximately $502 a year, collision insurance costs $1,260, and liability is $332. A policy with just liability insurance costs around $388 a year, and coverage for high-risk drivers costs around $4,924. Teens pay the highest rates at up to $7,878 a year.

Average premium for full coverage: $2,230

Price estimates by individual coverage:

Full coverage includes $500 comprehensive and collision deductibles, 30/60 liability coverage, and includes medical/PIP and uninsured motorist coverage. Estimates are averaged for all 50 U.S. states and XM trim levels.

Price Range from Low to High

Geographic Price Range

Choosing to live in a large city can have significant affects on car insurance prices. Rural locations have lower incidents of comprehensive and collision claims than cities with more traffic congestion. The diagram below illustrates how where you live affects auto insurance prices.

The ranges above highlight why it is important to compare rates quotes using their specific location, instead of using averaged prices.

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

Additional Charts and Tables

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

• The cheapest rate after discounts is $1,184
• Raising to $1,000 deductibles will save $1,832 every year
• The estimated price for the average middle-age driver who chooses $500 deductibles is $2,230
• Selecting low $100 deductibles bumps up the cost to $3,020
• At-risk drivers with serious driving violations could pay around $4,924
• The price that insures a teen driver can cost $7,878

View Chart as Image

Insurance prices for a BMW XM are also quite variable based on the trim level of your XM, your driving record and age, and physical damage deductibles and liability limits.

If you have some driving violations or you caused an accident, you are likely paying anywhere from $2,700 to $3,600 extra each year, depending on your age. A high-risk auto insurance policy is expensive and can cost as much as 46% to 135% more than the average policy. View High Risk Driver Rates

Older drivers with a clean driving record and higher comprehensive and collision deductibles may pay as little as $2,000 every 12 months on average for full coverage. Prices are much higher for teenage drivers, since even teens with perfect driving records can expect to pay in the ballpark of $7,800 a year. View Rates by Age

The state you live in also has a big influence on BMW XM insurance prices. A middle-age driver might find prices as low as $1,710 a year in states like Vermont, New Hampshire, and Missouri, or have to pay at least $3,180 on average in Louisiana, New York, and Michigan.

View Chart as Image

Choosing higher comprehensive and collision insurance deductibles can reduce prices by up to $1,190 every year, while buying higher liability limits will push prices upward. Changing from a 50/100 bodily injury protection limit to a 250/500 limit will increase prices by as much as $299 more per year. View Rates by Deductible or Liability Limit

How to Find More Affordable BMW XM Insurance

Getting lower rates on car insurance consists of having a decent driving record, having above-average credit, being claim-free, and possibly raising deductibles. Compare rates every year by requesting rates from direct car insurance companies, and also from local auto insurance providers.

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

• You may be able to save around $300 per year just by quoting early and online
• Increasing physical damage deductibles can save approximately $1,200 each year
• 16 to 18-year-old drivers are expensive to insure, possibly costing $657 a month if full coverage is included
• Higher risk drivers who have multiple accidents or major violations will likely pay on average $2,690 more per year than a driver with a clean driving record