Cheapest Auto Insurance in Roswell, New Mexico (2024)

With monthly liability rates of $31, State Farm is the cheapest car insurance company in Roswell.

Jessica Martel
Written byJessica Martel
Jessica Martel
Jessica Martel

Jessica is a freelance writer, professional researcher, and mother of two rambunctious little boys. She specializes in personal finance, women and money, and financial literacy. Jessica is fascinated by the psychology of money and what drives people to make important financial decisions. She holds a Masters of Science degree in Cognitive Research Psychology.

Ashley Cox
Edited byAshley Cox
Headshot of Managing Editor Ashley Cox
Ashley CoxSenior Managing Editor
  • 7+ years in content creation and management

  • 5+ years in insurance and personal finance content

Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.

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Updated April 18, 2024

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Cheapest recent rates near Roswell, New Mexico

Drivers using Insurify have found quotes as cheap as $32/mo for liability only and $62/mo for full coverage in Roswell and other New Mexico cities.

*Quotes generated for Insurify users in and around Roswell, New Mexico within the last 10 days. Last updated on April 18, 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 April 18, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.

*Quotes generated for Insurify users in and around Roswell, New Mexico within the last 10 days. Last updated on April 18, 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 April 18, 2024. Actual quotes may vary based on the policy buyer’s unique driver profile.

The overall average monthly cost of car insurance in Roswell is $127 — slightly less than the state average of $131 and the national average of $158.

Larger and more densely populated cities, including Albuquerque and Las Cruces, may drive up the state’s average insurance rates. Thanks to an alleged UFO crash in 1947, Roswell attracts some tourism; but its remote location helps minimize traffic.

Here’s what you should know about comparing quotes and finding affordable car insurance in Roswell.

Quick Facts
  • Roswell drivers pay an average of $60 per month for liability coverage and $195 per month for full coverage.

  • State Farm, USAA, and GEICO are the cheapest car insurance companies in Roswell.

  • Full-coverage car insurance in Roswell costs an average of $2,342 per year.

3 of the cheapest car insurance companies in Roswell

The best auto insurance company for you will depend on your specific needs and budget. To find cheap car insurance, it’s a good idea to compare multiple companies before making a decision.

The table below lists the car insurance companies in Roswell with some of the lowest rates; the rates shown are for all of New Mexico.

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 Farm4.5$62$32Cheap rates
USAA4.5$75$38Military members
GEICO4.2$77$39Discounts
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 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. Criteria are weighted 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. We update ratings once a year or as more recent information becomes available.

    • Third-party financial ratings: We use 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 20,000 customer reviews across 155 car insurance companies. We also considered 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 United States, 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 identified the number of states in which insurers offer coverage and company size by market share to score availability and reach.

Best insurer for cheap rates: 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.
4.4
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.
$31/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

State Farm has been providing insurance to customers for more than 100 years. Today, it offers a range of banking, investment, and insurance products, including homeowners insurance, renters insurance, life insurance, and auto insurance. State Farm offers New Mexico drivers some of the cheapest full-coverage and liability-only insurance rates.

Pros
  • Top J.D. Power customer satisfaction rating in the Southwest region

  • A++ (Superior) financial strength rating from AM Best

Cons
  • Doesn’t offer gap insurance

  • More expensive for drivers with violations

Read our State Farm review
Hephzibah - April 16, 2024
Verified

Looking for Good Service and Prices

Not good. The quotes changed and they were difficult to deal with.

Jane - April 16, 2024
Verified

Good Deals

They are friendly and offer good pricing.

Roger - April 16, 2024
Verified

Excellent

Very good agent.

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.
4.3
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.
$37/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.
$72/mo

The United Services Automobile Association has been in operation for more than 100 years. Today, it offers a variety of financial and insurance products to military members, veterans, and their families. Roswell, New Mexico, is home to the New Mexico Military Institute and has more than 2,600 veterans who might benefit from USAA’s rates and customer service.

Pros
  • Ability to save up to 30% with the SafePilot program

  • A++ (Superior) financial strength rating from AM Best

Cons
  • Not available to non-military members

  • No gap insurance

Read our USAA review
Tom - April 16, 2024
Verified

USAA Excellence for Auto and Personal Property Insurance

Excellent.

Joseph - April 13, 2024
Verified

Excellent

It has been very good for a long time.

Candace - April 12, 2024
Verified

USAA Didn't Look Out for Me!

I was overcharged and rated incorrectly.

Best insurer for discounts: 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.
4.3
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.
$38/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.
$74/mo

GEICO was founded in 1936 during the Great Depression. Today, it’s a subsidiary of Berkshire Hathaway and boasts an A++ (Superior) financial strength rating from AM Best. Roswell drivers looking to reduce the cost of car insurance coverage can take advantage of GEICO’s variety of discounts, including new-vehicle discounts, good student discounts, defensive driving discounts, military discounts, and more.

Pros
  • A++ (Superior) financial strength rating from AM Best

  • Wide variety of insurance discounts

Cons
  • Doesn’t offer gap insurance

  • No rideshare insurance coverage

Read our GEICO review
Arturo - April 17, 2024
Verified

Average

I need cheaper coverage. It's too much for two cars.

Eminny - April 17, 2024
Verified

Inconsistent Communication and Service

This is my second time with GEICO. The first time was fine, but this time around, they set my policy to be cancelled on a Monday. They claimed to have sent me a letter the previous Friday requesting documents that I never received. I called them multiple times about it, and each time I received a different reason and excuse. Despite sending them everything they needed, my policy remains cancelled. Without insurance, my car just sits there, and since it's financed, I might even end up losing it. I'm just waiting for them to review my documents and reactivate my policy. They said they would reach out to me if they needed anything else or to at least let me know the verdict, which they never did. I have to keep calling them myself, only to receive different excuses each time and no policy reactivation. They never reach out when they say they will, and other insurance options are very expensive for me as a fairly new driver.

Andy - April 15, 2024
Verified

Unexpected Rate Increase

I had an accident and they raised my rates to over $8,000 a year. I initially thought I was making normal upfront payments, but it turned out to be monthly payments.

How to get the cheapest car insurance in Roswell

Several factors determine the price of your car insurance policy, including your age, gender, ZIP code, driving record, type of car you drive, and the amount and type of coverage you want. To find the cheapest car insurance rates available in Roswell, consider the following savings tips:[1]

  • Compare multiple insurance companies. The Insurance Information Institute (Triple-I) recommends getting quotes from at least three insurance companies before you make your selection, as policies and prices can vary greatly.

  • Keep a clean driving record. Generally, the better your driving record, the lower your premium. A history of accidents and other traffic violations can cause your rates to increase.

  • Increase your deductible. Requesting a higher deductible may result in a lower premium. For instance, raising your deductible from $200 to $500 could reduce your collision and comprehensive coverage by 15% to 30%, according to Triple-I. Raising it to $1,000 can save you 40% or more.

Find Cheap Car Insurance in Roswell

Monthly liability rates start as low as $31

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Cheapest liability-only car insurance in Roswell: State Farm

Nearly every state requires drivers to carry a minimum amount of liability insurance. Liability car insurance provides property and bodily damage coverage for the other driver if you cause an accident. Liability insurance doesn’t cover your medical expenses or damages to your vehicle.

Liability-only car insurance in Roswell costs $60 per month, on average.

The following table provides average monthly quotes for the cheapest liability-only coverage options in Roswell.

The below rates are estimated rates current as of: Wednesday, April 17 at 12:00 PM PDT
Insurance CompanyAverage Monthly Quote
State Farm31
USAA37
GEICO38
Hallmark54
Midvale Home & Auto56
The General59
Allstate61
Progressive64
Safeco69
Dairyland71
Farmers72
Nationwide73
GAINSCO78
Bristol West89
Foremost95
Liberty Mutual103
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 Roswell: State Farm

If you want more than the minimum coverage required in your state, you can purchase full-coverage insurance. A full-coverage insurance policy typically includes liability, comprehensive, and collision coverage. If you’re responsible for an accident, full-coverage car insurance will cover your vehicle in addition to the other driver. It also provides coverage due to theft or damage caused by a flood, fire, or a falling tree.

Full-coverage car insurance in Roswell costs an average of $195 per month.

The table below provides average monthly quotes for the cheapest full-coverage auto insurance in Roswell.

The below rates are estimated rates current as of: Wednesday, April 17 at 12:00 PM PDT
Insurance CompanyAverage Monthly Quote
State Farm60
USAA72
GEICO74
Midvale Home & Auto115
Allstate117
Progressive126
Safeco127
Farmers140
Nationwide143
The General144
Hallmark151
Dairyland166
GAINSCO187
Liberty Mutual207
Foremost236
Bristol West250
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.

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Car insurance requirements in New Mexico

In New Mexico, all drivers are expected to have liability auto insurance. Drivers who don’t have the minimum coverage risk having their vehicle registration suspended. New Mexico is an at-fault state, which means the driver who causes the accident will cover the other driver’s medical bills and repairs.

New Mexico’s minimum coverage requirements are shown in the table below:[2]

CoverageMinimum Requirements
Bodily injury liability$25,000 per person / $50,000 per accident
Property damage liability$10,000 per accident

Drivers in New Mexico can also choose to purchase additional coverage, including:

  • illustration card https://a.storyblok.com/f/162273/x/c8ad9d5019/driving-accidents.svg

    Collision coverage

    Collision insurance provides coverage if you hit another car or run into a tree or signpost.

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

    Comprehensive coverage

    Comprehensive insurance covers you for loss or damage in most situations other than getting in an accident with another car, such as if your car is stolen or damaged in a hailstorm or fire.

  • illustration card https://a.storyblok.com/f/162273/x/5285c4cd74/uninsured-or-underinsured-motorist-coverage.svg

    Uninsured/underinsured motorist coverage

    Uninsured/underinsured motorist coverage protects you if you’re in an accident with a driver who doesn’t have auto insurance or doesn’t have enough insurance to cover all the damages.

Cheapest car insurance for drivers with an incident

When trying to find the cheapest car insurance available, your driving record matters. If you have driving incidents such as at-fault accidents, speeding tickets, driving under the influence (DUI), and other moving violations, you can expect your premiums to go up.[3] Insurers see you as a higher risk and charge accordingly.

The table below shows how different driving incidents can affect your liability insurance rates.

The below rates are estimated rates current as of: Wednesday, April 17 at 12:00 PM PDT
Insurance CompanyClean Driving RecordWith Speeding TicketWith At-Fault AccidentWith DUI
State Farm31394351
USAA37475261
GEICO38495363
The General59798597
Allstate617885101
Progressive648692106
Safeco6996104114
Dairyland7194101117
Farmers7292100119
Nationwide7395102120
GAINSCO7898107129
Bristol West89116124147
Liberty Mutual103142154170
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

Your age is another factor that insurers consider when calculating your premium. Teen drivers and young adults pay the highest car insurance rates due to inexperience and risky driving behaviors.[4]

Rates start to decrease around age 35 but increase for senior drivers around age 70 when age-related impairments can begin to affect driving ability.[5]

The table below shows average monthly insurance quotes for Roswell drivers of different ages.

AgeAverage Monthly Quote
Teens$367
20s$252
30s$176
40s$167
50s$141
60s$126
70s$148
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.

Shop for Car Insurance in Roswell, NM

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Roswell car insurance quotes by credit tier

New Mexico auto insurance companies are allowed to consider your credit history when calculating your premium. But the state prohibits insurers from using a lack of credit history to calculate insurance premiums.

Insurers use your credit history to generate a credit-based insurance score to help predict the likelihood that you’ll file a claim. Excellent credit can help you secure a lower premium, while poor credit can make it more difficult to access cheap insurance.

The chart below provides average monthly quotes for each credit tier.

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.

Roswell car insurance FAQs

If you’re shopping for car insurance in Roswell, New Mexico, this additional information may help as you research your coverage options.

  • How much is car insurance in Roswell?

    Car insurance in Roswell costs an average of $60 per month for liability coverage and $195 per month for full coverage, according to Insurify data.

  • Which company has the cheapest car insurance in Roswell?

    State Farm has the cheapest car insurance in Roswell, with a monthly liability rate of $31. USAA and GEICO also offer affordable coverage, with respective monthly liability rates of $37 and $38.

    But the cheapest insurer for you will depend on a number of factors, including your age, your ZIP code, the type of car you drive, and the coverage levels you choose.

  • What are the best car insurance companies in Roswell?

    With a high IQ Score of 4.5 out of 5, an A++ (Superior) financial strength rating from AM Best, and above-average J.D. Power customer satisfaction ratings, State Farm is the best car insurance company in Roswell. Other top insurers include USAA and GEICO.

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. Insurance Information Institute. "Nine ways to lower your auto insurance costs."
  2. New Mexico Motor Vehicle Division. "Insurance."
  3. Insurance Information Institute. "What determines the price of an auto insurance policy?."
  4. Centers for Disease Control and Prevention. "Teen Drivers and Passengers: Get the Facts."
  5. Insurance Institute for Highway Safety. "Older drivers."
Jessica Martel
Jessica Martel

Jessica is a freelance writer, professional researcher, and mother of two rambunctious little boys. She specializes in personal finance, women and money, and financial literacy. Jessica is fascinated by the psychology of money and what drives people to make important financial decisions. She holds a Masters of Science degree in Cognitive Research Psychology.

Ashley Cox
Edited byAshley CoxSenior Managing Editor
Headshot of Managing Editor Ashley Cox
Ashley CoxSenior Managing Editor
  • 7+ years in content creation and management

  • 5+ years in insurance and personal finance content

Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.

Featured in

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