- The average BMW XM insurance cost is $2,948 per year, or $246 per month for full coverage.
- The XM base trim level is the cheapest to insure at around $2,842 per year. The most expensive trim is the Label Red at $3,054 per year.
- When compared to other midsize luxury SUVs, the 2023 BMW XM is one of the more expensive midsize luxury SUVs to insure, costing $844 more per year on average.
How much does BMW XM insurance cost?
BMW XM insurance rates average $2,948 a year, or $246 monthly. Drivers can plan on paying approximately $844 more each year to insure a BMW XM as compared to the average rate for midsize luxury SUVs, and $1,220 more per year than the $1,728 national average.
The rate chart below details how XM car insurance cost can differ with changes in the rated driver age and the deductibles for comprehensive and collision coverage. The annual policy cost estimates range from the cheapest policy rate of $2,142 per year for a 60-year-old driver with a deductible of $1,000 to a high policy cost of $7,058 per year for a 20-year-old driver with a $250 policy deductible.
Depending on the trim of your XM model, the insurance cost can vary. The table below shows average rates for the trim levels available for the 2023 model year.
| BMW XM Trim Level | Annual Policy | Six-Month Policy | Per Month |
|---|---|---|---|
| Base | $2,842 | $1,421 | $237 |
| Label Red | $3,054 | $1,527 | $255 |
BMW XM insurance cost vs. other midsize luxury SUVs
When compared to other midsize luxury SUVs, insurance prices for a BMW XM cost $1,328 more per year than the Lexus RX 350, $660 more than the BMW X5, and $882 more than the Mercedes-Benz GLE350.
The BMW XM ranks 37th out of 37 total comparison vehicles in the midsize luxury SUV category for most affordable insurance cost. The XM costs an average of $2,948 per year for full coverage insurance, while the segment average cost is $2,104 annually, a difference of $844 per year.
The table below shows how average BMW XM car insurance rates compare to the entire 2023 class of midsize luxury SUVs.
| Rank | Make/Model | Insurance Cost | Difference |
|---|---|---|---|
| 1 | Lexus RX 350 | $1,620 | -$1,328 |
| 2 | Infiniti QX50 | $1,676 | -$1,272 |
| 3 | Cadillac XT5 | $1,720 | -$1,228 |
| 4 | Cadillac XT6 | $1,762 | -$1,186 |
| 5 | Acura MDX | $1,800 | -$1,148 |
| 6 | Lincoln Nautilus | $1,834 | -$1,114 |
| 7 | Lexus RX 350L | $1,850 | -$1,098 |
| 8 | Land Rover Discovery Sport | $1,854 | -$1,094 |
| 9 | Jaguar E-Pace | $1,856 | -$1,092 |
| 10 | Volvo V90 | $1,886 | -$1,062 |
| 11 | Lexus RX 450h | $1,908 | -$1,040 |
| 12 | Lexus GX 460 | $1,928 | -$1,020 |
| 13 | Lexus RX 450hL | $1,938 | -$1,010 |
| 14 | Volvo V60 | $1,946 | -$1,002 |
| 15 | Genesis GV80 | $1,986 | -$962 |
| 16 | Mercedes-Benz AMG GLB35 | $1,988 | -$960 |
| 17 | Audi SQ5 | $1,990 | -$958 |
| 18 | Lincoln Aviator | $2,008 | -$940 |
| 19 | Infiniti QX60 | $2,026 | -$922 |
| 20 | Mercedes-Benz GLE450 | $2,042 | -$906 |
| 21 | Mercedes-Benz GLE350 | $2,066 | -$882 |
| 22 | Land Rover Discovery | $2,074 | -$874 |
| 23 | Mercedes-Benz AMG GLC43 | $2,110 | -$838 |
| 24 | Audi Q7 | $2,158 | -$790 |
| 25 | Audi e-tron | $2,232 | -$716 |
| 26 | Tesla Model X | $2,242 | -$706 |
| 27 | Mercedes-Benz AMG GLE53 | $2,248 | -$700 |
| 28 | BMW X5 | $2,288 | -$660 |
| 29 | Audi Q8 | $2,298 | -$650 |
| 30 | Land Rover Range Rover Sport | $2,312 | -$636 |
| 31 | Audi SQ7 | $2,426 | -$522 |
| 32 | BMW iX | $2,458 | -$490 |
| 33 | BMW X6 | $2,508 | -$440 |
| 34 | Porsche Cayenne | $2,528 | -$420 |
| 35 | Mercedes-Benz AMG GLE63 | $2,650 | -$298 |
| 36 | Audi RS 6 | $2,694 | -$254 |
| 37 | BMW XM | $2,948 | -- |
