Best Cheap Insurance Quotes for Ride Shares in New Mexico

The words “affordable” and “auto insurance” really shouldn’t be used in the same sentence, specifically when you are looking for the cheapest coverage . To save some money, let’s teach you some of the factors that significantly impact car insurance rates, and figure out some ideas to reduce the price of the next policy you buy.

One of the many considerations that determine car insurance rates is your zip code in New Mexico. Regions with more people or even just more weather-related claims like Albuquerque, Santa Fe, and North Valley tend to have higher auto insurance costs, whereas areas that are not as densely populated have the gratification of the best cheap insurance in New Mexico.

The illustration below lists the highest-priced areas in New Mexico to purchase car insurance in.

How much does car insurance cost in New Mexico?
Rank	City	Annual Rate
1	Albuquerque	$1,431
2	South Valley	$1,390
3	Santa Fe	$1,342
4	Artesia	$1,317
5	North Valley	$1,316
6	Los Alamos	$1,295
7	Hobbs	$1,284
8	Rio Rancho	$1,282
9	Los Lunas	$1,263
10	Espanola	$1,223
11	Roswell	$1,210
12	Las Vegas	$1,184
13	Farmington	$1,183
14	Gallup	$1,176
15	Carlsbad	$1,165
16	Lovington	$1,159
17	Deming	$1,155
18	Portales	$1,151
19	Clovis	$1,134
20	Las Cruces	$1,109
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Rates are comparative as vehicle location can decrease or increase coverage prices greatly.

Finding out which insurers offer the lowest-priced car insurance rates will require a little more work than just quoting one company’s rates. Each auto insurance company used slightly different criteria for setting rates, so let’s rank the most affordable car insurance companies in New Mexico.

It’s important to understand that New Mexico car insurance rates are based on many factors that will increase or decrease the cost of a policy. Turning one year older, increasing deductibles, or getting into an accident can trigger rate changes that can cause some rates to be more affordable than before.

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google.charts.setOnLoadCallback(drawNMT5qcibChart);function drawNMT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘USAA’, 677, ‘#33CFCA’], [‘Allied’, 958, ‘#2AACA8’], [‘Safeco’, 984, ‘#238F8C’], [‘Farm Bureau Mutual’, 1166, ‘#1D7774’], [‘Farmers’, 1276, ‘#186360’]]);var options = {title: ‘Top Five Cheap 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:1376,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 normally has some of the cheapest car insurance rates in New Mexico at around $677 per year. Allied, Safeco, Farm Bureau Mutual, and Farmers also qualify as some of the more affordable New Mexico car insurance companies.

As depicted above, if you are a customer of Farm Bureau Mutual and switched to Allied, you may see an annual savings of in the neighborhood of $208. New Mexico drivers with Farmers may save as much as $318 a year, and The Hartford insureds might see rate reductions of $354 a year.

Be aware that those premiums are averages for all types of insureds and vehicles and are not factoring in a price discount . So the company that has the cheapest rates for you may not even be featured in the list of companies above. That point stresses why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.

How violations and accidents impact rates

The best way to get the best cheap insurance in New Mexico is to drive cautiously and not have accidents or get tickets. The information below demonstrates how citations and at-fault collisions can drive up premium costs for different ages of insureds. The premium estimates are based on a married male driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and Two Accidents’],[‘Age 20’, 2733,3339,5479],[‘Age 30’, 1439,2045,4187],[‘Age 40’, 1379,1985,4129],[‘Age 50’, 1263,1869,4011],[‘Age 60’, 1241,1845,3987],[‘Age 70’, 1425,2027,4167]]);var options = {title: ‘Impact of Tickets and Claims on New Mexico Insurance Rates’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in New Mexico’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the previous example, the average cost of car insurance in New Mexico per year with no accidents and a clean driving record is $1,580. Get two speeding tickets and the average cost increases to $2,185, an increase of $605 each year. Now include two accidents along with the two speeding tickets and the 12-month cost of car insurance increases to an average of $4,327. That’s an increase of $2,747, or $229 per month, just for not maintaining a clean driving record!

Insuring your vehicle with the right car insurance company is hard considering how many choices drivers have in New Mexico. The ranking data in the next section may help you select which insurers you want to consider
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when shopping car insurance rates .

These ratings only include the largest auto insurers in America, so companies that only write business in New Mexico or surrounding areas are not taken into consideration for this list. To check prices
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Top 10 Major Auto Insurance Providers in New Mexico Ranked by Customer Service

GEICO
State Farm
The Hartford
The General
Progressive
Allstate
AAA Insurance
American Family
Nationwide
Liberty Mutual

Top 10 Major Auto Insurance Providers in New Mexico Ranked by A.M. Best Rating

USAA – A++
Travelers – A++
GEICO – A++
State Farm – A++
The Hartford – A+
Esurance – A+
Nationwide – A+
Allstate – A+
Titan Insurance – A+
Progressive – A+

Progressive, Geico, State Farm, and Allstate: Who is cheapest?

If you’re looking for the best auto insurance, the companies that insure more vehicles than anyone else are Progressive, Geico, State Farm, and Allstate. The table below ranks price, claims, and customer service ratings, as well as some optional coverages that are available for customers.

Progressive, Geico, State Farm, and Allstate Compared
	Progressive	Geico	State Farm	Allstate
Discounts Available	4th	2nd	3rd	1st
Claims Handling	4th	3rd	2nd	1st
Overall Satisfaction	3rd	1st	4th	2nd
Overall Price	3rd	1st	2nd	4th
Mechnical breakdown	Yes	Yes	No	No
New car replacement coverage	No	No	No	Yes
Usage-based insurance	Yes	No	Yes	Yes
Roadside service	Yes	Yes	Yes	Yes
Accident forgiveness	Yes	Yes	No	Yes
Rideshare coverage	Yes	Yes	Yes	Yes
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Best Cheap Insurance Quotes for Ride Shares in New Mexico

How violations and accidents impact rates

Top 10 Major Auto Insurance Providers in New Mexico Ranked by Customer Service

Top 10 Major Auto Insurance Providers in New Mexico Ranked by A.M. Best Rating

Progressive, Geico, State Farm, and Allstate: Who is cheapest?

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