Cheapest Auto Insurance in Farmington, New Mexico (2024)
State Farm offers the cheapest car insurance in Farmington, with minimum-coverage policies as low as $24 per month.
Excellent
)
Written byTheresa Stevens
)
AFCPE Accredited Financial Counselor
6 years experience in the personal financial industry
Theresa is a writer and former financial advisor with experience helping clients solve money challenges. She uses her expertise to clarify complex personal finance concepts.
Featured in
){kind=small}
){kind=small}
)
Edited byChris Schafer
)
15+ years in content creation
7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
Featured in
){kind=small}
){kind=small}
){kind=small}
){kind=small}
Updated November 20, 2024
Why you can trust Insurify: Comparing accurate insurance quotes should never put you at risk of spam. We earn an agent commission only if you buy a policy based on our quotes. Our editorial team follows a rigorous set of editorial standards and operates independently from our insurance partners. Learn more.
Advertiser Disclosure
At Insurify, our goal is to help customers compare insurance products and find the best policy for them. We strive to provide open, honest, and unbiased information about the insurance products and services we review. Our hard-working team of data analysts, insurance experts, insurance agents, editors and writers, has put in thousands of hours of research to create the content found on our site.
We do receive compensation when a sale or referral occurs from many of the insurance providers and marketing partners on our site. That may impact which products we display and where they appear on our site. But it does not influence our meticulously researched editorial content, what we write about, or any reviews or recommendations we may make. We do not guarantee favorable reviews or any coverage at all in exchange for compensation.
Table of contents
Located in northwestern New Mexico, in San Juan County and the Four Corners region, Farmington is known as a commercial hub for its area. The average monthly rate for car insurance in Farmington is $55 for liability only and $123 for full coverage.
Those rates are lower than the New Mexico state averages of $69 for liability and $170 for full coverage. The cheaper car insurance rates in Farmington could be due to its lower population density compared to other cities.
As you look for your own car insurance policy in Farmington, here’s what you need to know to find the lowest rates.
Quick Facts
The lowest rates for liability and full coverage in Farmington are $24 and $47, respectively.
Farmington drivers pay an average of $1,479 per year for a full-coverage car insurance policy.
Car insurance rates in Farmington are lower than both the state and national averages.
3 of the cheapest car insurance companies in Farmington
Since Farmington has many car insurance companies, it’s a good idea to shop around for the best deal. The right insurer for you will depend on your individual situation and coverage requirements. State Farm, USAA, and GEICO offer some of the best rates in Farmington, according to Insurify data.
Here’s a breakdown of each of these insurers and their statewide rates.
Insurance Company ▲▼ | IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. ▲▼ | Full Coverage ▲▼ | Liability Only ▲▼ | Best for ▲▼ |
|---|---|---|---|---|
| State Farm | 9.3 | $63 | $32 | Discounts |
| USAA | 9.4 | $76 | $38 | Military members |
| GEICO | 9.0 | $78 | $39 | Low rates |
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.
We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.
- Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
- Customer satisfaction: To calculate this score, Insurify analyzed more than 28,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
- Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
- Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
- Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.
Best insurer for discounts: State Farm
| User Reviews | 4.2 |
|---|---|
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.3 /10 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $24/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $47/mo |
4.2
Best choiceBased on 9036 verified guest reviews and ratings
How drivers feel about State Farm
Drivers appreciate the helpful local agents and initial service but dislike the high prices and frequent rate increases.
AI-generated from the text of verified reviews collected by Insurify
Best For
Customer service
Competitive rates
Discounts for safe drivers
How drivers feel about State Farm
Drivers appreciate the helpful local agents and initial service but dislike the high prices and frequent rate increases.
AI-generated from the text of verified reviews collected by Insurify
Best For
Customer service
Competitive rates
Discounts for safe drivers
Reviews (4,969)
Ronald
November 19, 2024
Verified Review
State Farm Experience: 35 Years+
They are forcing me to replace my house roof or they will cancel my policy.
David
November 19, 2024
Verified Review
Too expensive
It's too expensive. They raise rates every six months, even though I've never filed a claim.
Ronald
November 18, 2024
Verified Review
Very Expensive Auto and Home
Extremely harsh local service.
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
842NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.78A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++Why we picked this company
State Farm is a worthy option for New Mexico drivers looking to save money on auto insurance. State Farm offers many ways to save, including its Steer Clear program for drivers younger than 25 and its Drive Safe & Save discounts, which can help you save up to 30% on your car insurance.
Pros
Discounts for driving a safe vehicle, purchasing multiple policies, and remaining accident-free
Rideshare insurance available
Cons
Coverage options vary by state
Doesn’t offer gap insurance
Best insurer for military members: USAA
| User Reviews | 4.9 |
|---|---|
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.4 /10 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $29/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $57/mo |
4.9
Best choiceBased on 1602 verified guest reviews and ratings
How drivers feel about USAA
Drivers appreciate the ease of working with the carrier, competitive rates, and responsive service but dislike the price increases and lack of rideshare add-ons in some areas.
AI-generated from the text of verified reviews collected by Insurify
Best For
Members of the military community
Outstanding customer service
Competitive rates
How drivers feel about USAA
Drivers appreciate the ease of working with the carrier, competitive rates, and responsive service but dislike the price increases and lack of rideshare add-ons in some areas.
AI-generated from the text of verified reviews collected by Insurify
Best For
Members of the military community
Outstanding customer service
Competitive rates
Reviews (914)
Gloria
November 15, 2024
Verified Review
Not Good for Claims
I have storm damage and the claim process is not satisfactory.
Martin
November 11, 2024
Verified Review
Price Shopping
I have been with USAA for over 60 years. Obviously, I've been very happy. Since I don't drive very far, I have been seeing advertisements for lower prices. However, I have no plans of leaving USAA.
Rena Sabine
November 8, 2024
Verified Review
Disappointing and inflexible service
My experience with this company has been disappointing, especially this second time around. I would suggest considering other options. From my recent interactions, they have been dismissive and argumentative. I have already started finalizing my next premium with another company. I'm perplexed as to how they receive praise when they treat clients in this manner.
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
880NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
1.35A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++Why we picked this company
USAA offers quality car insurance policies at an affordable price. That’s good news for the roughly 2,600 veterans who call Farmington home.[1] USAA offers various discounts and perks for military members as well, including up to 60% off for garaging your vehicle during deployment or for any other reason.
Pros
High J.D. Power customer satisfaction rating
Discount for garaging your car on a military base
Cons
24/7 customer service not available
Only active-duty military members, veterans, and their families are eligible for membership
Best insurer for low rates: GEICO
| User Reviews | 4.0 |
|---|---|
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.0 /10 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $30/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $58/mo |
4.0
Best choiceBased on 10271 verified guest reviews and ratings
How drivers feel about GEICO
Drivers appreciate the excellent customer service and initial low prices but dislike the frequent price increases.
AI-generated from the text of verified reviews collected by Insurify
Best For
Teen drivers
Cheap rates
Accident forgiveness
How drivers feel about GEICO
Drivers appreciate the excellent customer service and initial low prices but dislike the frequent price increases.
AI-generated from the text of verified reviews collected by Insurify
Best For
Teen drivers
Cheap rates
Accident forgiveness
Reviews (5,647)
James
November 19, 2024
Verified Review
Unsatisfactory Experience with Geico
Steer clear. They increase your rate at every renewal.
Edward
November 18, 2024
Verified Review
Experience with Geico
Reliable.
Chris
November 18, 2024
Verified Review
Poor
The customer service is below average and terrible.
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
835NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.74A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++Why we picked this company
GEICO offers some of the cheapest rates for Farmington drivers. The company also offers numerous discounts, including discounts based on safe driving habits and customer loyalty.
Pros
Simple application process
Various discounts
Cons
Might be more expensive for drivers with incidents
Gap insurance not available
How to get the cheapest car insurance in Farmington
The rate you pay for car insurance depends on several factors, including your age, ZIP code, driving record, the year, make, and model of your car, and more.
Though not every factor is in your control, here are a few ways you can reduce your insurance expense in Farmington:
Compare quotes. Quotes can vary between companies since every insurer calculates rates slightly differently. Comparing quotes from different companies can help you find the best deal for you.
Raise your deductible. One of the easiest ways to lower your car insurance premium is to raise your deductible. For example, if your deductible is $500, raising it to $1,000 might lower your bill. Keep in mind this may lead to higher out-of-pocket costs if you need to file a claim, so you should never set your deductible to a figure you can’t afford.
Pay in advance. Many insurance companies offer a premium discount for paying your insurance in advance. If you can afford the up-front payment, it may be worth considering.
Find Cheap Car Insurance in Farmington, NM
Liability rates start at $24 per month
Secure. Free. Easy-to-use.
Based on 3,806+ reviews
4.8/5
Cheapest liability-only car insurance in Farmington: State Farm
If you cause a car accident, liability-only car insurance can help cover the other driver’s costs. Liability insurance covers bodily injury and property damage-related claims, such as medical bills and vehicle repairs. Liability insurance doesn’t cover injuries or damage to you or your property.
The average monthly rate for liability car insurance in Farmington is $55, and here are some average rates offered by area insurers.
The below rates are estimated rates current as of: Friday, November 1 at 12:00 PM PDT.
Insurance Company ▲▼ | Average Monthly Quote ▲▼ |
|---|---|
| State Farm | $24 |
| USAA | $29 |
| GEICO | $30 |
| National General | $40 |
| The General | $43 |
| Allstate | $47 |
| Root | $48 |
| Progressive | $51 |
| Farmers | $57 |
| Dairyland | $58 |
| Nationwide | $58 |
| Bristol West | $61 |
| Safeco | $61 |
| GAINSCO | $67 |
| Foremost | $77 |
| Liberty Mutual | $103 |
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
Cheapest full-coverage car insurance in Farmington: State Farm
For stronger protection, many drivers opt for full-coverage auto insurance. Full coverage typically includes comprehensive and collision coverage, which extends protection to you and your property in case of an accident.
Whether to purchase liability insurance or full coverage depends on your specific needs and budget. If you own a newer vehicle that would be expensive to repair or replace, full coverage might make sense.
The average rate for full-coverage car insurance in Farmington is $123, and here are some average rates offered by area insurers.
The below rates are estimated rates current as of: Friday, November 1 at 12:00 PM PDT.
Insurance Company ▲▼ | Average Monthly Quote ▲▼ |
|---|---|
| State Farm | $47 |
| USAA | $57 |
| GEICO | $58 |
| Root | $81 |
| Allstate | $93 |
| Progressive | $100 |
| National General | $108 |
| Farmers | $111 |
| Nationwide | $113 |
| Safeco | $114 |
| The General | $114 |
| Dairyland | $144 |
| GAINSCO | $173 |
| Bristol West | $180 |
| Liberty Mutual | $180 |
| Foremost | $230 |
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
Cheapest recent rates near Farmington, New Mexico
Recent Farmington, New Mexico car insurance prices for Hyundai, Jeep, Nissan , and more.
*Quotes generated for Insurify users in and around Farmington, New Mexico within the last 10 days. Last updated on November 20, 2024
Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from November 20, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.
*Quotes generated for Insurify users in and around Farmington, New Mexico within the last 10 days. Last updated on November 20, 2024
Rates shown are real-time Insurify user quotes from 100+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from November 20, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.
Car insurance requirements in New Mexico
New Mexico follows a traditional fault-based system when it comes to car accidents.[2] This means the person determined to be at fault for an accident is financially responsible for the resulting losses.
Like most states, New Mexico requires drivers to have car insurance and sets specific minimum-coverage requirements. The minimum car insurance coverage requirements in New Mexico are listed below:[3]
Coverage ▲▼ | Minimum Requirements ▲▼ |
|---|---|
| Bodily injury liability | $25,000 per person / $50,000 per accident |
| Property damage liability | $10,000 per accident |
While the figures above meet minimum state requirements, you may want to improve your protection with these additional optional coverages:
Gap coverage
If you total your car, gap insurance can help cover the difference between what your car’s currently worth and the amount left on your car loan.
Comprehensive coverage
Comprehensive insurance helps cover repair costs if your car is damaged due to a non-collision event, such as theft or vandalism.
Rideshare coverage
You may need rideshare insurance to protect yourself while driving for Uber, Lyft, or other rideshare companies.
Cheapest car insurance for drivers with an incident
At-fault accidents, speeding tickets, driving under the influence, and other incidents that occur on the road can cause your car insurance to go up. Since insurance premiums are based on risk, being involved in an incident may cause insurers to view you as a higher risk and adjust rates accordingly. The amount your premium will go up after an incident depends on your specific insurance company and state laws.
In the table below, you can see how different incidents affect your rates in Farmington.
The below rates are estimated rates current as of: Friday, November 1 at 12:00 PM PDT.
Insurance Company ▲▼ | Clean Driving Record ▲▼ | With Speeding Ticket ▲▼ | With At-Fault Accident ▲▼ | With DUI ▲▼ |
|---|---|---|---|---|
| State Farm | $24 | $32 | $33 | $40 |
| USAA | $29 | $39 | $41 | $49 |
| GEICO | $30 | $40 | $42 | $51 |
| National General | $40 | $54 | $56 | $67 |
| The General | $43 | $58 | $61 | $73 |
| Allstate | $47 | $63 | $66 | $79 |
| Root | $48 | $69 | $72 | $73 |
| Progressive | $51 | $68 | $72 | $86 |
| Farmers | $57 | $76 | $80 | $96 |
| Dairyland | $58 | $77 | $80 | $98 |
| Nationwide | $58 | $78 | $82 | $98 |
| Bristol West | $61 | $82 | $85 | $103 |
| Safeco | $61 | $82 | $85 | $96 |
| GAINSCO | $67 | $96 | $90 | $113 |
| Foremost | $77 | $110 | $115 | $130 |
| Liberty Mutual | $103 | $147 | $153 | $174 |
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
Average cost of car insurance by age
Age can have a significant effect on the price you pay for car insurance. Rates tend to decrease around age 35 and increase again around age 70. The higher costs for older drivers could be due to reduced faculties and the higher likelihood of increased medical bills in the event of a crash.
Teens pay the most for car insurance because statistics show they have higher crash rates than other age groups.[4] Some companies, such as State Farm and Travelers, offer good student discounts and other ways to help manage car insurance costs for young adults.
Here are average monthly car insurance quotes for different age groups in Farmington.
Age ▲▼ | Average Monthly Quote ▲▼ |
|---|---|
| Teens | $282 |
| 20s | $349 |
| 30s | $326 |
| 40s | $276 |
| 50s | $207 |
| 60s | $145 |
| 70s | $108 |
Shop for Car Insurance in Farmington, New Mexico
Check quotes from 100+ top insurance companies
Secure. Free. Easy-to-use.
Based on 3,806+ reviews
4.8/5
Farmington car insurance quotes by credit tier
The state of New Mexico allows car insurance companies to consider a driver’s credit history when setting rates.
Since drivers with excellent or good credit scores are perceived as less risky to insure, they typically receive lower rates. On the other hand, insurers often view someone with a poor credit score as more of an insurance risk and offer them higher rates.
Here are the average monthly quotes for each credit tier in Farmington.
Rates by Credit Tier
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
Farmington car insurance FAQs
Looking for more information to help you find the most affordable car insurance rates in Farmington? Consult the answers below.
How much is car insurance in Farmington?
The average rate for car insurance in Farmington is $89 per month. The average rate for liability insurance is $55, and the average rate for full coverage is $123.
Which company has the cheapest car insurance in Farmington?
State Farm offers the cheapest car insurance in Farmington, with rates of $24 per month. USAA and GEICO also offer low rates in the area, with monthly rates of $29 and $30, respectively.
What are the best car insurance companies in Farmington?
State Farm, GEICO, and USAA are three of the leading insurers in Farmington. These national insurers offer low rates and have been recognized for their wide offerings, customer service, and financial stability. Keep in mind, however, that the best insurer for you may differ. That’s why it’s important to compare quotes from several insurers through the use of a price comparison platform before making your final selection.
Methodology
Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 50+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.
Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).
Liability-only premium averages correspond to policies with the following coverage limits:
- Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
- Property damage limits between $10,000 and $50,000
- No additional coverage
- Comprehensive coverage with a $1,000 deductible
- Collision coverage with a $1,000 deductible
Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.
Related articles
More cities in New Mexico
Sources
- United States Census Bureau. "Farmington, New Mexico."
- NOLO. "New Mexico Car Insurance Requirements."
- New Mexico MVD. "Insurance."
- NHTSA. "Traffic Safety Facts."
)
Theresa Stevens
Theresa Stevens is a personal finance writer based in Boston, Massachusetts. Her work has been featured in Forbes Advisor, Bankrate, and more. As a former financial advisor, she has first-hand experience helping people solve their money challenges. When she's not writing, you'll find her trying out new karaoke spots or planning her next trip abroad.
15+ years in content creation
7+ years in business and financial services content
Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.
Featured in
)
)
)
)
)