Cheapest Insurance Quotes for a Ford F-150 in New Mexico

When discussing auto insurance, the word affordable shouldn’t be used anywhere in the article to describe car insurance prices. Regardless, cheap car insurance for a Ford F-150 is almost non-existent. Don’t get your dauber down, because we will tell you how you can find and buy auto insurance that fits into your budget.

The chances that you’ll find the cheapest auto insurance for a Ford F-150 in New Mexico hinges on things such as whether or not you own a home, whether or not you have prior claims, and driving violations and tickets. Drivers pay on average $940 annually to insure their F-150, but that policy rate is an estimation that rates a 30-year-old married male driver who purchased full coverage and $500 policy deductibles.

It’s more than likely you are not 30 and maybe not even a male, single instead of married, or maybe you prefer to not insure for full coverage. Auto insurance is unique to every driver, so your best chance at finding the cheapest rates for your Ford is to do the rate comparisons yourself.

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Vehicle trim level tends to have a direct impact on the annual cost of coverage, so the price to insure a F-150 XL Regular Cab 2WD will be $258 less than the price to insure the higher-priced F-150 Lariat Crew Cab Platinum 4WD trim level, as demonstrated by the prices below.

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and New Mexico minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Premium costs do not factor in specific garaging location which can increase or decrease auto insurance rates considerably.

Buying budget auto insurance is confusing at best, and deciding which companies have the cheapest insurance rates for a Ford F-150 requires even more rate comparisons.

Each auto insurance company has their own formula for determining prices, so first we will examine the most budget-friendly insurance companies in New Mexico. It’s important to understand that New Mexico insurance rates are impacted by many things that can increase the cost of having a policy. This price fluctuation is why New Mexico drivers need to compare as many rates as possible when trying to get the lowest car insurance rates for a Ford F-150. Prices are influenced by many things and can decrease or increase without notice, so the best price six months ago may now be an over-priced policy.

Best Insurance Companies for your F-150

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google.charts.setOnLoadCallback(drawNMT5qcibChart);function drawNMT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘USAA’, 663, ‘#F08550’], [‘Allied’, 930, ‘#C86E42’], [‘Safeco’, 984, ‘#A65B37’], [‘Farm Bureau Mutual’, 1166, ‘#8A4B2D’], [‘Farmers’, 1315, ‘#733E25’]]);var options = {title: ‘Cheapest Auto Insurance Companies in New Mexico’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:1415,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibt5cic’));chart.draw(view, options);}

USAA may offer some of the most affordable car insurance rates in New Mexico at around $663 per year. Allied, Safeco, Farm Bureau Mutual, and Farmers are also some of the cheaper New Mexico insurance companies.

As shown in the table above, if you are currently insured with Allied and switched to USAA, you may see a yearly savings of roughly $267. Insureds with Safeco could save as much as $321 a year, and Farm Bureau Mutual insureds might realize rate reductions of up to $503 a year.

To see how much you can save, click here to get quotes or visit several of the following companies.

It’s important to note that these premiums are averages for all types of insureds and vehicles and do not take into consideration a specific rating modification for a Ford F-150. So the auto insurance company that fits your situation best may not even be in the list of companies shown earlier. That point stresses why you need to compare as many prices as possible using your own driver data and vehicle information.

Violations and accidents raise rates

The best way to score the most affordable insurance prices for a F-150 pickup is to be a careful driver and avoid accidents and violations. The example below shows how speeding tickets and at-fault collisions raise auto insurance costs for different categories of driver ages. The prices are based on a married female driver, full physical damage coverage, $250 deductibles, and no discounts are applied.

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The data above shows the average cost of a car insurance policy per year with no violations or accidents is $1,721. Get one speeding ticket and the average cost hikes up to $1,999, an increase of $278 each year. Then include two accidents along with the one speeding ticket and the yearly cost of insurance for a Ford F-150 goes up to an average of $4,322. That’s an increase of $2,601, or $217 per month, just for being a little careless behind the wheel!

The chart below shows how different deductible levels can influence premium costs when getting quotes for cheap insurance for a Ford F-150. The information is based on a married female driver, comp and collision included, and no policy discounts are applied.

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The chart above illustrates that a 30-year-old driver could save $366 a year by changing from a $100 deductible to a $500 deductible, or save $554 by selecting a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could roll back prices $786 or more by choosing a higher deductible.

If you make the decision to raise deductibles, it will be necessary to have plenty of savings on hand to cover the extra out-of-pocket expense associated with higher deductibles.

Which auto insurance company is best?

When comparing rates for insurance for a F-150 pickup in New Mexico, four companies to consider are State Farm, Allstate, Progressive, and Geico. All offer your standard physical damage and liability coverages, but each one has a distict selection of optional coverages and features that may influence your buying decision. The next table shows price and claims rank as well as some different options shoppers can expect to find with each one.