Cheapest Auto Insurance Quotes for Government Employees in New Mexico

The vehicle model requiring coverage is a large consideration when shopping around for the cheapest auto insurance for government employees in New Mexico. Vehicles with lower acceleration and performance, an excellent safety record, or a low likelihood of having liability claims will cost significantly less to insure than fast, unsafe models.

The data below showcases car insurance rates for some of the most affordable automobiles to buy insurance for.

Above prices assume 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-vehicle, safe-driver, multi-policy, and claim-free. Rates do not factor in specific garaging location which can alter premium rates considerably.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Premium costs do not factor in garaging location in New Mexico which can lower or raise premium rates considerably.

Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and New Mexico minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Prices do not factor in specific New Mexico garaging location which can alter auto insurance rates considerably.

Determining which companies quote the cheapest auto insurance rates for government employees involves more time than just picking a company at random. Each auto insurance company has their own process to set premium rates, so let’s take a look at the auto insurance companies with the overall best prices in New Mexico.

It’s important to know that New Mexico auto insurance rates are impacted by many things that may substantially change the cost of your policy. Simply getting older, having a teen driver, or getting a ticket for careless driving may generate price changes resulting in some companies being more affordable than others.

Best Cheap Insurance Rates in New Mexico

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USAA quotes some of the cheapest car insurance rates in New Mexico at around $663 annually. Allied, Safeco, Farm Bureau Mutual, and Farmers would also be considered some of the cheaper New Mexico auto insurance companies.

As the rates illustrate above, if you currently have coverage with Farm Bureau Mutual and switched to USAA, you could earn yearly savings of in the neighborhood of $515. New Mexico drivers with Farmers might save as much as $652 a year, and Central Mutual customers might lower prices by $665 a year.

It’s important to note that these premiums are averages for all types of drivers and the different vehicles they drive and do not factor in a price decrease for government employees. So the company that has the lowest price for you may not even be in the chart above. That emphasizes why you need to get rate quotes using your own personal information and vehicle type.

The diagram below demonstrates how deductible levels can raise or lower insurance costs when searching for cheap insurance for government employees. The data assumes a single male driver, full physical damage coverage, and no discounts are taken into consideration.

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The chart above illustrates that a 50-year-old driver could lower their policy premium by $316 a year by increasing from a $100 deductible to a $500 deductible, or save $476 by using a $1,000 deductible. Even younger drivers, such as the 20-year-old example, can cut as much as $1,044 annually by choosing a higher deductible. When choosing a higher deductible, it is essential to have plenty of discretionary funds to cover the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

Types of discounts on New Mexico insurance rates

<img class="shadow floatright" src="http://www.quoteclickinsure.com/blog/wp-content/uploads/best-car-insurance-government-employees-nm.jpg" alt="Cheaper New Mexico auto insurance for state and federal workers” />Insurance providers that provide the cheapest auto insurance for government employees in New Mexico may have price discounts that may potentially lower prices by 25% or more if you meet certain criteria. A few of the larger companies and a summarized list of policyholder discounts can be found below.

The information below illustrates the comparison of insurance costs with and without discounts applied. The costs are based on a male driver, no claims or driving violations, New Mexico state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, anti-theft, passive restraint, accident-free, vehicle safety, and claim-free discounts applied. When taking advantage of discounts, the average savings per year on auto insurance for government employees is % or $.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 3893,2797],[‘Age 30’, 1999,1449],[‘Age 40’, 1983,1435],[‘Age 50’, 1807,1309],[‘Age 60’, 1749,1263],[‘Age 70’, 2141,1541]]);var options = {title: ‘Comparison of Insurance Rates for Government Employees’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9’, ‘#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

Is Geico, Allstate, State Farm, or Progressive cheaper?

If you want the best auto insurance for state and federal workers in New Mexico, the companies that insure more vehicles than anyone else are Geico, Allstate, State Farm, and Progressive. Combined they insure over 45% of all car insurance policies written. All four can cover your vehicle for liability and physical damage, but each one has different features and discounts that you can choose from. The data below points out price, claims, and customer service ratings, as well as some optional coverages that are available.