BMW XM Insurance Rates

Average auto insurance rates for a BMW XM are $2,230 annually including full coverage. Comprehensive insurance costs approximately $502 a year, collision insurance costs $1,260, and liability costs $332. A liability-only policy costs as little as $388 a year, and high-risk insurance costs $4,924 or more. Teens receive the highest rates at up to $7,878 a year.

Average premium for full coverage: $2,230

Rate estimates by individual coverage type:

Includes $500 physical damage deductibles, 30/60 liability limits, and includes medical/PIP and uninsured motorist coverage. Rates are averaged for all 50 U.S. states and XM trim levels.

Price Range by Coverage and Risk

Price Range by Location

Your location can make a big difference on car insurance prices. Rural locations tend to have fewer comprehensive and collision claims than cities with more traffic congestion. The diagram below illustrates how location impacts auto insurance prices.

These examples highlight why it is important to compare rates using their specific location and their own personal driving habits, instead of making a decision based on 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
• Drivers who choose higher $1,000 deductibles will pay $1,832 every year
• The estimated rate for a 40-year-old driver who chooses $500 deductibles is $2,230
• Selecting low $100 deductibles for comprehensive and collision insurance costs an additional $790 annually
• Drivers with serious driving violations could pay around $4,924
• The cost with full coverage for a 16-year-old driver can cost $7,878 a year

View Chart as Image

Insurance rates for a BMW XM can also vary considerably based on the trim level of your XM, your driving characteristics, and physical damage deductibles and liability limits.

Older drivers with a clean driving record and high physical damage deductibles may pay as low as $2,000 per year on average for full coverage. Rates are much higher for teen drivers, where even without any violations or accidents they can expect to pay in the ballpark of $7,800 a year. View Rates by Age

If you like to drive fast or you caused a few accidents, you are likely paying anywhere from $2,700 to $3,600 extra per year, depending on your age. A high-risk auto insurance policy can cost from 46% to 135% more than the average policy. View High Risk Driver Rates

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

Where you live makes a big difference in BMW XM insurance prices. A 40-year-old driver could pay 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

How to Buy the Cheapest BMW XM Insurance

Saving money on insurance for a BMW XM not only requires being a safe and courteous driver, but also having a good credit history, not filing small claims, and possibly raising deductibles. Spend time shopping around at every policy renewal by requesting rates from direct car insurance companies like Progressive and GEICO, and also from local insurance agencies.

Below is a recap of the data touched on above.

• Insureds who purchase higher levels of liability will pay approximately $370 per year to go from a minimum limit to higher 250/500 limits
• You may be able to save around $300 per year just by quoting early and online
• Increasing deductibles could save up to $1,200 each year
• Teenage drivers are expensive to insure, as much as $657 per month including comprehensive and collision insurance