Cheapest Auto Insurance in Farmington, New Mexico (2024)

State Farm offers the cheapest car insurance in Farmington, with minimum-coverage policies as low as $25 per month.

Theresa Stevens
Theresa Stevens
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  • 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.


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Chris Schafer
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Chris Schafer
Chris SchaferSenior Editor
  • 15+ years in content creation

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Updated June 20, 2024

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Cheapest recent rates near Farmington, New Mexico

Drivers using Insurify have found quotes as cheap as $36/mo for liability only and $63/mo for full coverage in Farmington and other New Mexico cities.

*Quotes generated for Insurify users in and around Farmington, New Mexico within the last 10 days. Last updated on June 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 June 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 June 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 June 20, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.

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 $54 for liability only and $151 for full coverage.

Those rates are lower than the New Mexico state averages of $69 for liability and $191 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 $25 and $49, respectively.

  • Farmington drivers pay an average of $1,810 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 CompanyIQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
Full CoverageLiability OnlyBest for
State Farm9.3$63$32Discounts
USAA9.4$76$38Military members
GEICO9.0$78$39Low 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-5 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

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.6
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
842
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.
$25/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.
$49/mo

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

Read our State Farm review
Ronald - June 20, 2024
Verified

Excellent Outcome

They were professional, helpful, supportive, and knowledgeable.

Henry Crognale - June 20, 2024
Verified

Good

Excellent customer service.

Carole - June 20, 2024
Verified

Fair

It's too expensive for seniors.

Best insurer for military members: USAA

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.7
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
880
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.
$59/mo

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

Read our USAA review
Claude - June 20, 2024
Verified

Excellent

Outstanding all the time.

Christie - June 18, 2024
Verified

Ok

I have had USAA banking and auto insurance for 20 years. I just changed my bank account and am now looking for new insurance. They used to be awesome and nobody could even make me think of switching, but it seems people these days don't care about good customers.

John - June 18, 2024
Verified

USAA is tough to beat

I have yet to receive a quote that beats USAA!

Best insurer for low rates: GEICO

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.4
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
835
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.
$60/mo

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

Read our GEICO review
Solomon - June 20, 2024
Verified

Educated Consumer

It's a good company; however, search other companies for a cheaper cost.

Gloria - June 20, 2024
Verified

Expensive

It's a good insurance, just expensive for me at this time.

George - June 20, 2024
Verified

Been with them for 22 years and no one has yet beaten their price for me

Check with other companies first. One of the best things they offer is a monthly policy term.

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 $25 per month

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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 $54, and here are some average rates offered by area insurers.

The below rates are estimated rates current as of: Tuesday, June 18 at 12:00 PM PDT
Insurance CompanyAverage Monthly Quote
State Farm$25
USAA$29
GEICO$30
Midvale Home & Auto$45
Hallmark$46
The General$46
Allstate$49
Progressive$52
Safeco$56
Dairyland$58
Farmers$58
Nationwide$59
GAINSCO$64
Bristol West$68
Foremost$80
Liberty Mutual$87
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 $151, and here are some average rates offered by area insurers.

The below rates are estimated rates current as of: Tuesday, June 18 at 12:00 PM PDT
Insurance CompanyAverage Monthly Quote
State Farm$49
USAA$59
GEICO$60
Midvale Home & Auto$93
Allstate$96
Safeco$102
Progressive$103
Farmers$114
The General$114
Nationwide$117
Hallmark$122
Dairyland$141
GAINSCO$155
Liberty Mutual$179
Bristol West$194
Foremost$199
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

Drivers using Insurify have found quotes as cheap as $32/mo for liability only and $69/mo for full coverage in Farmington and other New Mexico cities.

*Quotes generated for Insurify users in and around Farmington, New Mexico within the last 10 days. Last updated on June 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 June 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 June 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 June 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]

CoverageMinimum 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:

  • illustration card https://a.storyblok.com/f/162273/x/abffe6238f/financial-protection.svg

    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.

  • illustration card https://a.storyblok.com/f/162273/x/665da91bf7/comprehensive-coverage.svg

    Comprehensive coverage

    Comprehensive insurance helps cover repair costs if your car is damaged due to a non-collision event, such as theft or vandalism.

  • illustration card https://a.storyblok.com/f/162273/100x100/26eb27a188/rideshare-coverage.svg

    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: Tuesday, June 18 at 12:00 PM PDT
Insurance CompanyClean Driving RecordWith Speeding TicketWith At-Fault AccidentWith DUI
State Farm$25$33$35$44
USAA$29$38$41$51
GEICO$30$40$43$52
Midvale Home & Auto$45$62$68$79
Hallmark$46$61$63$80
The General$46$62$67$80
Allstate$49$65$70$86
Progressive$52$69$75$91
Safeco$56$75$78$98
Dairyland$58$77$82$101
Farmers$58$76$82$101
Nationwide$59$79$85$103
GAINSCO$64$93$88$112
Bristol West$68$90$96$119
Foremost$80$116$124$140
Liberty Mutual$87$126$135$152
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.

AgeAverage Monthly Quote
Teens$282
20s$349
30s$326
40s$276
50s$207
60s$145
70s$108

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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 $102 per month. The average rate for liability insurance is $54, and the average rate for full coverage is $151.

  • Which company has the cheapest car insurance in Farmington?

    State Farm offers the cheapest car insurance in Farmington, with rates of $25 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
Full-coverage premium averages correspond to the same bodily injury and property damage limits in addition to:
  • 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.

Sources

  1. United States Census Bureau. "Farmington, New Mexico."
  2. NOLO. "New Mexico Car Insurance Requirements."
  3. New Mexico MVD. "Insurance."
  4. NHTSA. "Traffic Safety Facts."
Theresa Stevens
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.

Chris Schafer
Edited byChris SchaferSenior Editor
Chris Schafer
Chris SchaferSenior Editor
  • 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

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