2023 BMW XM Car Insurance Calculator

Learn visually how life choices influence insurance rates for a 2023 BMW XM. Customize policy discounts, trim level options, driving record, and coverage amounts to learn how each affects rates. Know immediately if the changes you make raise or lower the cost of insurance.

The average estimated car insurance premium for a 2023 BMW XM is $3,722 per year, or about $310 per month. This is based on a 40-year-old male driver with no prior driving violations or at-fault accidents. Comprehensive and collision deductibles are $500 and Uninsured and Underinsured Motorist (UM/UIM) coverage is included.

Annual Premium

$3,722

Cost Per Month

$310

The Annual Premium and Cost Per Month change instantly as you adjust calculator options.

If you change a factor that results in a higher insurance cost, the rates turn red. If you adjust a factor that saves money, the rates turn green. For a detailed explanation of each rate change, click the blue button above.

Quick Guide to Using the Insurance Rate Calculator

  1. Update Options: Adjust any settings in the form below.
  2. Observe Rate Changes: Watch how the Annual Premium at the bottom of the page changes.
  3. Get Detailed Insights: Click the blue up arrow button for an explanation of the rate change.

Key Features:

BMW XM Options

Driver Options

Insurability Factors

Policy Coverages

Calculated vs. Average Rate

Discover how your personalized car insurance rate compares to the average annual premium for a 2023 BMW XM.

As you adjust the calculator settings, the 'Your Rate' value dynamically shifts left or right on the rate range bar. This movement visually demonstrates how your rate compares to the typical insurance cost for this vehicle model.

For continuous comparison while you explore different settings, you have the option to pin this rate range bar to the bottom of your screen.

$3,722
Average Rate
Your Rate
$3,722

The 'Average Rate' is calculated based on default options for a typical driver profile: a 40-year-old married male with good credit, no prior accidents or violations, current car insurance coverage, and homeownership. The coverage includes collision and comprehensive coverage with $500 deductibles, liability limits of 100/300/100, and includes Uninsured/Underinsured Motorist and Medical Payments coverages.

The 'Average Rate' is a combined value for all 2023 BMW XM trim levels.

Insurance Rate Analysis

Your personalized insurance analysis will appear below after modifying any options in the calculator settings above.

Based on the default settings in the calculator options, the annual premium for a 2023 BMW XM is $3,722.

After making any changes in the calculator settings, this section will explain the choices that have a positive effect on either rates or coverage, as well as those that have a negative effect.

Factors That Favorably Influence Your Rates and Coverage

There are many things that have a positive effect on your rates, like being a mature driver, being married, having great credit, owning your home, and more.

Once you've fine-tuned the settings in our calculator, this section will provide an analysis of all the factors that have contributed to reducing your rates or improving your coverage options.

Factors That Could Increase Rates or Result in Coverage Gaps

Certain circumstances may lead to higher insurance rates or potential gaps in your coverage. These include life events such as being involved in at-fault accidents, incurring driving violations, experiencing lapses in coverage, or simply being a younger driver. While not all of these factors are within your control, many can be managed to mitigate their impact.

As you adjust the settings in our calculator, this section will detail and explain all the factors that have contributed to higher rates or reduced levels of coverage.

2023 BMW XM vs. the Midsize Luxury SUV Segment

The table below compares insurance rates for the 2023 BMW XM against all other models in the midsize luxury SUV segment. The BMW XM is highlighted in light orange, and the segment's average insurance rate is in light blue.

Annual Premium values in the table are based on the current selections in the rate calculator settings.

The Difference column indicates the annual premium variance between each model shown and the BMW XM, with green values denoting cheaper rates and red values indicating more expensive rates compared to the BMW XM.

After choosing a vehicle trim level in the calculator options, the rates shown will reflect your choice.

2023 BMW XM Segment Insurance Cost Comparison
Rank Make and Model Annual Premium Difference
1Lexus RX 350$2,044-$1,678
2Infiniti QX50$2,112-$1,610
3Cadillac XT5$2,166-$1,556
4Cadillac XT6$2,206-$1,516
5Acura MDX$2,272-$1,450
6Lincoln Nautilus$2,306-$1,416
7Lexus RX 350L$2,332-$1,390
8Land Rover Discovery Sport$2,334-$1,388
9Jaguar E-Pace$2,356-$1,366
10Volvo V90$2,376-$1,346
11Lexus RX 450h$2,404-$1,318
12Lexus GX 460$2,430-$1,292
13Volvo V60$2,446-$1,276
14Lexus RX 450hL$2,454-$1,268
15Mercedes-Benz AMG GLB35$2,500-$1,222
16Genesis GV80$2,504-$1,218
17Audi SQ5$2,512-$1,210
18Lincoln Aviator$2,532-$1,190
19Infiniti QX60$2,548-$1,174
20Mercedes-Benz GLE450$2,570-$1,152
21Mercedes-Benz GLE350$2,604-$1,118
22Land Rover Discovery$2,616-$1,106
2023 Midsize Luxury SUV Average$2,652-$1,070
23Mercedes-Benz AMG GLC43$2,654-$1,068
24Audi Q7$2,720-$1,002
25Audi e-tron$2,814-$908
26Tesla Model X$2,826-$896
27Mercedes-Benz AMG GLE53$2,830-$892
28BMW X5$2,886-$836
29Audi Q8$2,894-$828
30Land Rover Range Rover Sport$2,918-$804
31Audi SQ7$3,056-$666
32BMW iX$3,102-$620
33BMW X6$3,160-$562
34Porsche Cayenne$3,186-$536
35Mercedes-Benz AMG GLE63$3,340-$382
36Audi RS 6$3,394-$328
37BMW XM$3,722--

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included. Premiums are averaged for all trim levels for each model.

2023 XM Insurance Rates by Trim Level

The table below shows insurance rates for all trim levels available for the 2023 BMW XM.

Annual Premium and Cost Per Month values show in the table are based on the current selections in the rate calculator settings. After setting the trim level option in the calculator settings, it will be highlighted in the table.

2023 BMW XM Insurance Rates by Trim Level
2023 BMW XM Trim Level Annual Premium Cost Per Month
Base$3,586$299
Label Red$3,858$322

Data Methodology: Rated driver is a 40-year-old married male with no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500 and UM/UIM and medical payments coverages are included.

Insurance Rates by Driver Age

The table below shows average car insurance rates for the 2023 BMW XM for different driver ages.

2023 BMW XM Insurance Cost for Drivers Aged 16 to 80
Driver Age Annual Premium Cost Per Month
16$12,848$1,071
17$12,620$1,052
18$11,636$970
19$10,465$872
20$8,093$674
21$7,725$644
22$6,969$581
23$5,600$467
24$5,345$445
25$4,340$362
30$4,002$334
35$3,810$318
40$3,722$310
45$3,454$288
50$3,256$271
55$3,042$254
60$3,052$254
65$3,264$272
70$3,460$288
75$3,994$333
80$4,914$410

Data Methodology: Rated driver is male and has no driving violations or at-fault accidents in the prior three years. Comprehensive and collision deductibles are $500. Uninsured Motorist (UM), Underinsured Motorist (UIM) and medical payments coverages are included. Drivers under the age of 25 are considered single, while drivers 25 and over are rated as married. Annual premium is averaged for all BMW XM trim levels.