Cheapest Car Insurance Quotes for Drivers with Accidents in New Mexico

For drivers with at-fault accidents, one of the big factors that affect the cost of insurance is where your home is located in New Mexico. Cities with larger populations or higher claims like Albuquerque, Artesia, and North Valley will most likely pay more, whereas areas with less crime or weather claims tend to receive cheaper rates.

The table below sorts the most costly cities in New Mexico for drivers with accidents to buy auto insurance in.

Rates are estimated as the garaging address in New Mexico can alter rates substantially.

Establishing which companies quote the best car insurance rates for drivers with accidents requires a bit more effort than just comparing a company or two. Each insurer uses their own calculation for determining rates, so let’s look at the rankings for the most affordable car insurance companies in New Mexico.

It’s important to understand that New Mexico car insurance rates are impacted by many factors which can substantially decrease or increase your annual premium. Simply turning a year older, moving to a new city, or getting a speeding ticket can trigger rate changes resulting in some rates now being more affordable than others.

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USAA may have some of the most affordable car insurance rates in New Mexico at around $657 each year. Allied, Safeco, Farm Bureau Mutual, and Farmers would also be considered some of the cheapest New Mexico car insurance companies.

As shown above, if you currently have a policy with Farm Bureau Mutual and switched to USAA, you could realize a yearly price reduction of roughly $509. New Mexico drivers with Farmers might save as much as $645 a year, and State Farm customers might see rate reductions of $653 a year.

To see if your current coverage is too expensive, click here to get quotes or click through to the companies below.

Remember that these premiums are averaged across all types of drivers and the different vehicles they drive and are not factoring in a price increase for drivers with accidents. So the company that can offer you the best rate 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 specific driver and vehicle information.

The vehicle model driven is a large factor that determines whether or not you find the cheapest auto insurance for drivers with accidents in New Mexico. Vehicles with more horsepower, a lack of modern safety features, or high incidents of liability claims will cost significantly more to insure than more modest models. The table below features auto insurance premiums for some of the most budget-friendly automobiles to insure.

Prices based on married female driver age 30, no speeding tickets, two at-fault accidents, $1,000 deductibles, and New Mexico minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Estimates do not factor in specific zip code location which can alter insurance rates substantially.

Based upon the rates shown, we can infer that cars like the Ford Escape, Honda CR-V, and Ford Edge are the cheaper vehicles to insure for drivers with at-fault accidents. Rates will tend to be more expensive just because there is more risk for drivers with accidents, but in general those particular vehicles will have the least expensive rates compared to other vehicles.

Does Allstate, Geico, Progressive, or State Farm have the cheapest car insurance?

When shopping around for car insurance for drivers with at-fault accidents, the four most popular companies are Allstate, Geico, Progressive, and State Farm. If you add them together, they insure almost 50% of all auto insurance written. The table below points out ratings for price, service, and claims, in additional to some of the optional coverages you can buy with each company.