country farm : $ 403 per year

Geico : $ 474 per year

countrywide : $ 494 per class

progressive : $ 531 per year


cardinal Mutual : $ 580 per class

Although mature drivers pay less for car insurance than teens, older drivers start to see their rates go up as they enter their senior years. Comparing car insurance rates can save older drivers hundreds of dollars a year.

Best Cities for Cheap Car Insurance in New Mexico

 

City Premium Percent Increase
Alamogordo $771 0.0%
Silver City $777 0.7%
Deming $777 0.8%
Portales $794 2.9%
Artesia $818 6.1%
Clovis $823 6.7%
Aztec $831 7.7%
Shiprock $833 8.1%
Bloomfield $834 8.1%
Lovington $840 8.9%
Anthony $841 9.1%
Sunland Park $842 9.2%
Roswell $844 9.4%
Farmington $844 9.4%
Las Vegas $848 10.0%
Carlsbad $852 10.5%
Hobbs $854 10.7%
Las Cruces $854 10.8%
Chaparral $859 11.4%
Gallup $875 13.5%
Grants $882 14.4%
Los Alamos $918 19.0%
Taos $950 23.2%
Edgewood $991 28.5%
Belen $993 28.7%
Espanola $995 29.0%
Los Lunas $1,018 32.0%
Santa Fe $1,024 32.8%
Rio Rancho $1,066 38.2%
Albuquerque $1,119 45.1%

 

Factors That Affect Car Insurance Premiums in New Mexico

Although mature drivers pay less for car insurance than teens, older drivers start to see their rates go up as they enter their senior years. Comparing car indemnity rates can save older drivers hundreds of dollars a year.

Cheapest Car Insurance in New Mexico

6 Tips for How to Get Cheap Car Insurance in New Mexico

 

1. Compare quotes from both national and regional insurers

Don’t forget to include local insurance companies in your search for cheap car insurance. In New Mexico, regional insurers like The Hartford and Safeco might have lower rates than national companies like State Farm, Allstate, and American Family.
 

2. Know the factors affecting insurance in New Mexico

Everyone knows that your driving habits and
 

3. Maintain coverage

You’ll see higher rates if you let your insurance lapse, even
 

4. Choose the coverage that is right for you

You need
 

5. Search for discounts

Top car insurance companies in New Mexico have a variety of discounts, so almost anyone can find ways to save. You may be able to get a
 

6. Watch your credit score

Drivers with no credit pay an average of more per year than drivers with excellent scores in New Mexico. To get the cheapest possible rates, New Mexico residents should establish credit and maintain a healthy score. If you’re not sure what your is, you can find out for free on WalletHub. You can get personalized credit-improvement advice, too.
 

Methodology

 

In the table below, you can see all of the profile characteristics that were used in WalletHub’s analysis, in addition to the specific subset of characteristics that make up our Good Driver profile.
 

Category All Profile Characteristics Good Driver Profile
Gender Male, Female Male
Age 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 35, 45, 55, 65 45
Marital Status Single, Married Single
Teenage Driver Included on Policy No, Yes No
Driving Record Clean, One Speeding Ticket, One At-Fault Accident, One DUI, Suspended License, Open Container, Red Light Infraction, Reckless Driving, One Not At-Fault Accident Clean
Miles Driven Per Year 7,500 Miles, 15,000 Miles, 20,000 Miles 15,000 Miles
Coverage Level Minimum, Standard, Full Minimum
Discounts None, Multi-Policy, Homeowner, Student None
Credit Level Poor, Good Good
Filings None, SR22, FR44 None
Car Sedan, Minivan, SUV, Coupe, Truck Sedan

Below are additional details regarding the terminology and specific characteristics of the variables in the above table:

  • Minimum Coverage: Coverage requirements of $25,000 in bodily injury liability per person, $50,000 in bodily injury liability per accident, and $10,000 in property damage liability, as required by New Mexico’s minimum coverage requirements.
  • Standard Coverage: Coverage levels of 50k/100k/25k of liability coverage and 50k/100k/25k of uninsured motorist coverage.
  • Full Coverage: Coverage levels of 100k/300k/50k of liability coverage, 100k/300k/50k of uninsured motorist coverage, and collision and comprehensive coverage with a $500 deductible.
  • Sedan: 2018 Toyota Camry.
  • Minivan: 2018 Dodge Grand Caravan.
  • SUV: 2018 Toyota RAV4.
  • Coupe: 2018 Ford Mustang.
  • Truck: 2018 Ford F-150.

Where driver profiles are not specified, WalletHub averaged New Mexico insurance quotes across 40 different driver profiles, using the above variables. Quote information is from Quadrant Information Services and is representative only. Individual rates will be different.

WalletHub ’ s analysis of cheap car policy companies in New Mexico is based on data from the New Mexico DMV and Quadrant Information Services. together with that data, WalletHub used the characteristics listed below to create 40 unlike driver profiles designed to identify the cheapest car indemnity companies for New Mexico drivers in a collection of identify categories. For each profile, WalletHub compared quotes among top New Mexico car indemnity companies by averaging premiums from 31 travel rapidly codes that represent at least 20 % of New Mexico ‘s population. Military-specific companies like USAA were lone considered for the military-specific class, due to their eligibility restrictions. In some cases, they may still be the best option overall for eligible drivers.In the board below, you can see all of the profile characteristics that were used in WalletHub ’ s analysis, in addition to the specific subset of characteristics that make up our good Driver profile.Below are extra details regarding the terminology and specific characteristics of the variables in the above board : Where driver profiles are not specified, WalletHub averaged New Mexico policy quotes across 40 different driver profiles, using the above variables. Quote information is from Quadrant Information Services and is spokesperson entirely. individual rates will be different. Don ’ thymine forget to include local policy companies in your search for cheap car indemnity. In New Mexico, regional insurers like The Hartford and Safeco might have lower rates than national companies like State Farm, Allstate, and American Family.Everyone knows that your driving habits and claims history affect how much you pay for car indemnity. But in New Mexico, companies can besides consider your age, sex, credit history, marital status, and more when setting premiums. The cable car you drive, your annual mileage, and even some factors beyond your manipulate all impact the price of insurance.You ’ ll see higher rates if you let your indemnity oversight, even if you don ’ deoxythymidine monophosphate own a car. New Mexico drivers who don ’ triiodothyronine maintain continuous coverage pay an average of 6 % more than those with five or more years of continuous indemnity coverage.You need liability insurance to pay for the other driver ’ sulfur damages if you ’ re at mistake in an accident in New Mexico. Collision and comprehensive coverage, on the other hand, are optional and may be unnecessary if you own an older cable car. Usage-based policy might be a better match than a standard policy for low-mileage drivers, and going with a higher deductible or lower coverage limits costs less, excessively. Don ’ triiodothyronine scrimp on the coverage you need, but do make inform choices. That way, you won ’ t end up paying for more cable car policy than you need.Top car indemnity companies in New Mexico have a variety of discounts, then about anyone can find ways to save. You may be able to get a rebate if you ’ re a student, veteran, good driver, homeowner, bequeath to go paperless, and more.Drivers with no credit pay an average ofmore per year than drivers with excellent scores in New Mexico. To get the cheapest possible rates, New Mexico residents should establish credit and maintain a goodly score. If you ’ rhenium not sure what youris, you can find out for barren on WalletHub. You can get personalized credit-improvement advice, excessively .

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