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 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.
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 |
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 |
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