BMW XM Car Insurance Rates for 2023

How much does car insurance cost for a BMW XM?

We looked at insurance prices from the base trim level up to the more expensive Label Red model to find out how insurance for the XM ranks when compared to similar midsize luxury SUVs.

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  • 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.

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Chart Data Details: Chart shows average insurance cost for a 2023 BMW XM with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all BMW XM trim levels.Data last updated on August 12, 2023
BMW XM Car Insurance Rates
2023 BMW XM Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$4,798$400
$500$5,898$492
$250$7,058$588
30$1,000$2,552$213
$500$3,158$263
$250$3,792$316
40$1,000$2,394$200
$500$2,948$246
$250$3,528$294
50$1,000$2,176$181
$500$2,676$223
$250$3,200$267
60$1,000$2,142$179
$500$2,632$219
$250$3,150$263

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.

2023 BMW XM Insurance Cost by Trim Level
BMW XM Trim Level Annual Policy Six-Month Policy Per Month
Base$2,842$1,421$237
Label Red$3,054$1,527$255

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Table Data Details: Average rates are for a 2023 BMW XM, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on August 12, 2023
BMW XM Insurance Cost by Trim Level

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.

Insurance Cost Comparison: BMW XM vs Midsize Luxury SUVs
Rank Make/Model Insurance Cost Difference
1Lexus RX 350$1,620-$1,328
2Infiniti QX50$1,676-$1,272
3Cadillac XT5$1,720-$1,228
4Cadillac XT6$1,762-$1,186
5Acura MDX$1,800-$1,148
6Lincoln Nautilus$1,834-$1,114
7Lexus RX 350L$1,850-$1,098
8Land Rover Discovery Sport$1,854-$1,094
9Jaguar E-Pace$1,856-$1,092
10Volvo V90$1,886-$1,062
11Lexus RX 450h$1,908-$1,040
12Lexus GX 460$1,928-$1,020
13Lexus RX 450hL$1,938-$1,010
14Volvo V60$1,946-$1,002
15Genesis GV80$1,986-$962
16Mercedes-Benz AMG GLB35$1,988-$960
17Audi SQ5$1,990-$958
18Lincoln Aviator$2,008-$940
19Infiniti QX60$2,026-$922
20Mercedes-Benz GLE450$2,042-$906
21Mercedes-Benz GLE350$2,066-$882
22Land Rover Discovery$2,074-$874
23Mercedes-Benz AMG GLC43$2,110-$838
24Audi Q7$2,158-$790
25Audi e-tron$2,232-$716
26Tesla Model X$2,242-$706
27Mercedes-Benz AMG GLE53$2,248-$700
28BMW X5$2,288-$660
29Audi Q8$2,298-$650
30Land Rover Range Rover Sport$2,312-$636
31Audi SQ7$2,426-$522
32BMW iX$2,458-$490
33BMW X6$2,508-$440
34Porsche Cayenne$2,528-$420
35Mercedes-Benz AMG GLE63$2,650-$298
36Audi RS 6$2,694-$254
37BMW XM$2,948--

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are based on the 2023 model year, with the rated driver being a 40-year-old married male with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to rates, which are averaged for all vehicle trim levels. Full-coverage physical damage deductibles are $500 and rates are also averaged for all U.S. states.Data last updated on August 11, 2023
Insurance Cost Comparison: BMW XM vs Midsize Luxury SUVs