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 $2,872 per year, or $239 per month for full coverage.
  • The XM base trim level is the cheapest to insure at around $2,768 per year. The most expensive trim is the Label Red at $2,978 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 $822 more per year on average.

How much does BMW XM insurance cost?

BMW XM insurance rates average $2,872 a year, or $239 monthly. Drivers can plan on paying approximately $822 more each year to insure a BMW XM as compared to the average rate for midsize luxury SUVs, and $1,187 more per year than the $1,685 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 $2,088 per year for a 60-year-old driver with a deductible of $1,000 to a high policy cost of $6,876 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 December 30, 2022
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$4,674$390
$500$5,744$479
$250$6,876$573
30$1,000$2,486$207
$500$3,076$256
$250$3,692$308
40$1,000$2,332$194
$500$2,872$239
$250$3,438$287
50$1,000$2,122$177
$500$2,610$218
$250$3,122$260
60$1,000$2,088$174
$500$2,566$214
$250$3,070$256

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$2,768$1,384$231
Label Red$2,978$1,489$248

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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 February 5, 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 $1,294 more per year than the Lexus RX 350, $642 more than the BMW X5, and $858 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 $2,872 per year for full coverage insurance, while the segment average cost is $2,050 annually, a difference of $822 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$1,578-$1,294
2Infiniti QX50$1,632-$1,240
3Cadillac XT5$1,676-$1,196
4Cadillac XT6$1,716-$1,156
5Acura MDX$1,756-$1,116
6Lincoln Nautilus$1,786-$1,086
7Lexus RX 350L$1,804-$1,068
8Land Rover Discovery Sport$1,806-$1,066
9Jaguar E-Pace$1,808-$1,064
10Volvo V90$1,838-$1,034
11Lexus RX 450h$1,858-$1,014
12Lexus GX 460$1,880-$992
13Lexus RX 450hL$1,890-$982
14Volvo V60$1,896-$976
15Mercedes-Benz AMG GLB35$1,934-$938
16Genesis GV80$1,936-$936
17Audi SQ5$1,940-$932
18Lincoln Aviator$1,958-$914
19Infiniti QX60$1,974-$898
20Mercedes-Benz GLE450$1,990-$882
21Mercedes-Benz GLE350$2,014-$858
22Land Rover Discovery$2,022-$850
23Mercedes-Benz AMG GLC43$2,056-$816
24Audi Q7$2,104-$768
25Audi e-tron$2,174-$698
26Tesla Model X$2,184-$688
27Mercedes-Benz AMG GLE53$2,190-$682
28BMW X5$2,230-$642
29Audi Q8$2,238-$634
30Land Rover Range Rover Sport$2,254-$618
31Audi SQ7$2,362-$510
32BMW iX$2,396-$476
33BMW X6$2,442-$430
34Porsche Cayenne$2,462-$410
35Mercedes-Benz AMG GLE63$2,582-$290
36Audi RS 6$2,624-$248
37BMW XM$2,872--

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 December 30, 2022
Insurance Cost Comparison: BMW XM vs Midsize Luxury SUVs