The best car insurance in Farmington, NM

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Laura Gunn

Laura Gunn

Freelance contributor

Laura Gunn is an insurance expert and writer. As a former English teacher, she made the transition to full-time writing and editing in 2016. Since that time she has written extensively about insurance topics, as well as topics pertaining to education and marketing.

Her work has been published in The Millennial Source, News Hunt 360, Realty Today, HNGN, and other publications.

&Rachael Brennan

Rachael Brennan

Senior Editor & Licensed Auto Insurance Expert

Rachael Brennan is a senior editor and a licensed auto insurance expert at Policygenius. Her work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, The Ladders, and AutoInsurance.com.

Updated|3 min read

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The average cost of full coverage car insurance in Farmington is $1,329 a year, more than $100 lower than the New Mexico state average of $1,480. But rates will vary from driver to driver and depend on a number of personal factors, like your age, address, credit score, and past driving history.

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Ready to start shopping? Policygenius can show you options from top car insurance companies so you can be sure you’re finding the best rates, and our team of experts can help you find the best policy for your needs.

Key takeaways

  • USAA has the lowest average rate for full coverage car insurance in Farmington at $892 a year.

  • 87401 is the ZIP code that offers the cheapest average full coverage cost insurance in Farmington at $1,318 a year.

  • New Mexico requires a minimum of $25,000 per person/$50,000 per accident in bodily injury liability coverage, as well as $10,000 in property damage liability coverage.

Cheapest car insurance companies in Farmington, NM

Car insurance companies evaluate factors like the driver's age, past driving history, ZIP code, and even credit score. How these factors are calculated, however, differs from company to company. This is why a single driver can get car insurance rates that can vary by up to hundreds of dollars, and why it’s so important to compare premiums from multiple insurers.

Company

Average cost

JD Power Rating

USAA

$892

890

State Farm

$896

881

GEICO

$948

871

Central Insurance

$1,146

--

Nationwide

$1,156

876

Cheapest car insurance rates by ZIP code in Farmington, NM

Your ZIP code is one of the biggest determining factors when looking for car insurance rates. Each ZIP code has different levels of crime, frequency of traffic accidents or incidents, and even available off-street parking. As the likelihood of getting into an accident being a victim of a crime increases, so does the cost of car insurance.

ZIP code

Average cost

87401

$1,318

87402

$1,339

Choosing the right car insurance company in Farmington, NM

The right coverage may be different from person to person, so it's important to consider the most important factors to you and compare all your options.

  • Cost: Different companies charge different rates for similar coverage, that's why it's important to compare quotes from multiple car insurance companies to find the best rate

  • Coverage: Make sure the company you choose offers the coverage you need. Remember, the higher you set your limits, the better protected you’ll be. 

  • Customer service: Do a little research on the insurance company itself. Read customer reviews and check claim satisfaction ratings to see how the companies stack up.

Ready to start shopping? Policygenius can help you decide which insurer offers the best rates for the amount of coverage you need.

Car insurance rates for drivers with driving violations in Farmington, NM

Past driving violations can have major implications on current and future car insurance rates. Any violation is costly, but the ones that are most costly are those that involve alcohol, controlled substances, or moving violations.

Violation

USAA

State Farm

GEICO

Central Insurance

Nationwide

At-fault accident

$1,344

$975

$1,595

$1,628

$1,793

DUI

$1,842

$975

$1,936

$2,099

$2,242

Suspended license

$1,751

$975

$1,740

$2,099

$2,242

Open container

$1,272

$975

$1,936

$1,449

$2,242

Expired registration

$1,172

$975

$1,201

$1,390

$1,428

Driving without lights

$1,172

$975

$1,201

$1,390

$1,428

Not showing documents

$1,172

$975

$1,201

$1,390

$1,428

Running a red light

$1,172

$975

$1,201

$1,449

$1,428

Failure to yield

$1,172

$975

$1,201

$1,449

$1,428

Following too closely

$1,172

$975

$1,201

$1,449

$1,428

Hit and run

$1,931

$975

$1,758

$1,922

$2,080

Illegal turn

$1,172

$975

$1,201

$1,449

$1,428

Improper passing

$1,172

$975

$1,201

$1,449

$1,428

Not-at-fault accident

$943

$910

$965

$1,209

$1,213

Passing a school bus

$1,272

$975

$1,201

$1,449

$1,428

Racing

$1,842

$975

$1,936

$2,099

$2,242

Reckless driving

$1,272

$975

$1,936

$2,099

$2,242

Speeding

$1,172

$975

$1,936

$1,449

$1,428

Cheapest car insurance for drivers with bad credit in Farmington, NM

If you have bad credit, you can also see higher car insurance rates. However, you might be able to lower your rates next time you reshop your policy if you increase your credit score.

Company

Rates for drivers with bad credit

GEICO

$1,332

USAA

$1,660

Nationwide

$1,738

State Farm

$1,793

Progressive

$1,826

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Buying car insurance in Farmington, NM

You need car insurance in Farmington because New Mexico requires drivers to carry car insurance. Car insurance not only protects the driver who is insured, but it also protects other drivers and vehicles on the road. How much and what type of insurance a driver must carry is determined at the state level.

  • Bodily injury liability coverage per person: $25,000

  • Bodily injury liability coverage per accident: $50,000

  • Property damage liability coverage: $10,000

How to get cheap car insurance in Farmington, NM

Car insurance may seem expensive, but it doesn't have to be. Consider some of these tips to make sure you’re getting the most affordable coverage possible:

  • Find discounts for certain types of people, like students and members of the military, and bundling options if you buy multiple types of insurance from the same insurer

  • Carry minimum coverage on older cars

  • Drive safely and avoid moving violations

  • Improve your credit score with on time-payments

  • Review your car insurance every year to make sure you’re still getting the best rates

Frequently asked questions

Is auto insurance expensive in New Mexico?

Drivers in New Mexico pay an average of $1,480 per year for car insurance, which is less than the national average, but they can still save money on car insurance by comparing quotes from multiple companies.

Does New Mexico require uninsured/underinsured motorist coverage?

Drivers in New Mexico aren't required to carry uninsured/underinsured motorist coverage. These are optional, additional coverages that could save you money in an accident with an uninsured or underinsured driver.

What kind of driving violations have the biggest impact on car insurance rates in NM?

Violations that involve alcohol or other substances often have the biggest impact on insurance rates. Reports that include DUI/DWI and driving with an open container are some of the most costly driving violations to have on your motor vehicle record.

How much is car insurance per month in New Mexico?

Drivers in New Mexico pay an average of $1,480 per year for car insurance, which breaks down to $123.33 per month.

Methodology

Policygenius has analyzed car insurance rates provided by Quadrant Information Services for every ZIP code in all 50 states plus Washington, D.C. For full coverage policies, the following coverage limits were used:

  • Bodily injury liability: 50/100

  • Property damage liability: $50,000

  • Uninsured/underinsured motorist: 50/100

  • Comprehensive: $500 deductible

  • Collision: $500 deductible

In some cases, additional coverages were added where required by state or insurer.

Rates for overall average rate, rates by ZIP code, and cheapest companies determined using averages for single drivers ages 30, 35, and 45. Our sample vehicle was a 2017 Toyota Camry LE driven 10,000 miles/year.

Rates for driving violations and “Poor” credit determined using average rates for a single male 30-year-old driver with a credit score under 578.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

Authors

Freelance contributor

Laura Gunn

Freelance contributor

Laura Gunn is an insurance expert and writer. As a former English teacher, she made the transition to full-time writing and editing in 2016. Since that time she has written extensively about insurance topics, as well as topics pertaining to education and marketing.

Her work has been published in The Millennial Source, News Hunt 360, Realty Today, HNGN, and other publications.

Senior Editor & Licensed Auto Insurance Expert

Rachael Brennan

Senior Editor & Licensed Auto Insurance Expert

gray linkedin icon link

Rachael Brennan is a senior editor and a licensed auto insurance expert at Policygenius. Her work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, The Ladders, and AutoInsurance.com.

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