Best car insurance in Farmington, NM (2024)

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Laura GunnFreelance contributorLaura 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 BrennanSenior Editor & Licensed Auto Insurance ExpertRachael 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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Anna SwartzAnna SwartzSenior Managing EditorAnna Swartz is a senior managing editor who specializes in home, auto, renters, and disability insurance at Policygenius. Previously, she was a senior staff writer at Mic and a writer at The Dodo. Her work has also appeared in Salon, HuffPost, MSN, AOL, and Heeb.
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Maria FilindrasMaria FilindrasFinancial AdvisorMaria Filindras is a financial advisor, a licensed Life & Health insurance agent in California, and a member of the Financial Review Council at Policygenius.

Updated|2 min read

Expert reviewedExpert reviewedThis article has been reviewed by a member of ourFinancial Review Council to ensure all sources, statistics, and claims meet the highest standard for accurate and unbiased advice.Learn more about oureditorial review process.

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The average cost of full coverage car insurance in Farmington is $1,301 a year. That's cheaper than the average annual cost New Mexico, which is $1,460. 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.

Ready to shop car insurance?

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 $817 a year.

  • 87401 is the ZIP code that offers the cheapest average full coverage cost insurance in Farmington at $1,291 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.

Methodology & why you can trust our rates

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.

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

$817

890

State Farm

$881

882

GEICO

$948

874

Central Insurance

$1,075

--

Nationwide

$1,155

868

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

$1,291

87402

$1,311

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

$1,238

$958

$1,595

$1,522

$1,790

DUI

$1,685

$958

$1,936

$1,960

$2,238

Suspended license

$1,600

$958

$1,740

$1,960

$2,238

Open container

$1,161

$958

$1,936

$1,356

$2,238

Expired registration

$1,068

$958

$1,201

$1,301

$1,426

Driving without lights

$1,068

$958

$1,201

$1,301

$1,426

Running a red light

$1,068

$958

$1,201

$1,356

$1,426

Following too closely

$1,068

$958

$1,201

$1,356

$1,426

Hit and run

$1,767

$958

$1,936

$1,960

$2,238

Not-at-fault accident

$861

$894

$965

$1,133

$1,211

Passing a school bus

$1,161

$958

$1,201

$1,356

$1,426

Reckless driving

$1,161

$958

$1,936

$1,960

$2,238

Speeding

$1,068

$958

$1,936

$1,356

$1,426

Collapse table

Cheapest car insurance for drivers with a DUI in Farmington, NM

Company

Rates for drivers with DUIs

State Farm

$958

USAA

$1,685

GEICO

$1,936

Central Insurance

$1,960

Nationwide

$2,238

Cheapest car insurance for drivers with a speeding ticket in Farmington, NM

Company

Rates for drivers with speeding tickets

State Farm

$958

USAA

$1,068

Central Insurance

$1,356

Nationwide

$1,426

GEICO

$1,936

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

$1,500

Nationwide

$1,736

State Farm

$1,754

Progressive

$1,945

Ready to shop car insurance?

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 $1,460 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?

The average monthly cost of car insurance in New Mexico is $122, or $1,460 per year.

Authors

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 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.

Editor

Anna Swartz is a senior managing editor who specializes in home, auto, renters, and disability insurance at Policygenius. Previously, she was a senior staff writer at Mic and a writer at The Dodo. Her work has also appeared in Salon, HuffPost, MSN, AOL, and Heeb.

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