Best Cheap Car Insurance Quotes for Felons in New Mexico

Finding out which companies offer the lowest-priced auto insurance rates for felons involves a tad more effort in order to find the lowest price quote.

Every auto insurer uses their own method to set premium rates, so let’s examine the most competitive auto insurance companies in New Mexico. Keep in mind that New Mexico auto insurance rates are impacted by many factors which can significantly increase or decrease the cost of your policy. Turning one year older, moving across town, or getting a driving violation may cause policy rate changes resulting in some companies being much cheaper than others.

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USAA may offer some of the best car insurance rates in New Mexico at around $683 per year. Allied, Safeco, Farm Bureau Mutual, and Farmers would also make the list of some of the cheaper New Mexico insurance companies.

In the above example, if you currently have a policy with Allied and switched to USAA, you could earn annual savings of around $265. Insureds with Safeco may save as much as $331 a year, and Farm Bureau Mutual insureds might reduce rates by $483 a year.

These rates are averaged for all types of insureds and vehicles and do not take into consideration a rate discount for felons. So the car insurance company that fits your situation best may not even be included in the chart above. That helps illustrate why you need to compare as many prices as possible using your own specific driver and vehicle information.

When shopping for car insurance for felons, one of the many factors that establish the annual cost of car insurance is where you keep your car. Densely populated urban areas like South Valley, North Valley, and Hobbs tend to have higher auto insurance costs, whereas areas with less traffic congestion and claims have the luxury of lower rates.

The following table ranks the most expensive cities in New Mexico for felons to purchase car insurance in.

Price information shown is approximated as specific New Mexico garaging address can raise or lower premiums noticeably.

Irresponsible driving raises your rates

In a perfect world, the best way to find the best cheap auto insurance for felons in New Mexico is to be an attentive driver and avoid at-fault accidents and violations. The illustration below highlights how traffic violations and accidents impact insurance costs for each different age category. The data assumes a single female driver, full coverage, $250 deductibles, and no discounts are applied.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and One Accident’],[‘Age 20’, 2369,2585,3183],[‘Age 30’, 1641,1855,2451],[‘Age 40’, 1525,1739,2337],[‘Age 50’, 1335,1547,2147],[‘Age 60’, 1289,1503,2103],[‘Age 70’, 1501,1717,2315]]);var options = {title: ‘Accidents, Violations, and New Mexico Insurance Cost’,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 example above, the average cost of auto insurance in New Mexico per year with no accidents or violations is $1,610. Add in one speeding ticket and the average cost swells to $1,824, an increase of $214 each year. Then include one accident along with the one speeding ticket and the annual cost of auto insurance for felons increases to an average of $2,423. That’s an increase of $813, or $68 per month, just for not driving safely!

How to get discounts on New Mexico insurance rates

Insurance providers that sell the best cheap auto insurance for felons in New Mexico may also provide price discounts that could reduce prices by 40% or more if you are eligible for them. A list of companies and a partial list of their discounts are outlined below.

The information below visualizes the comparison of insurance rates with and without discounts being applied to the rates. The premiums are based on a male driver, no claims or driving violations, New Mexico state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.

The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with vehicle safety, defensive driving course, claim-free, multiple vehicle, passive restraint, and homeowner discounts applied. With discounts applied, the the amount saved on auto insurance for felons is 15% or $341.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Male Driver No Discounts’, ‘Male Driver with Discounts’],[‘Age 20’, 3475,2495],[‘Age 30’, 1797,1299],[‘Age 40’, 1771,1279],[‘Age 50’, 1617,1169],[‘Age 60’, 1569,1131],[‘Age 70’, 1935,1393]]);var options = {title: ‘Effect of Discounts on Insurance Rates for Felons’,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);}

Best rates: State Farm, Progressive, Allstate, or Geico

If you’re looking for the best auto insurance for felons, probably the best companies to start with are State Farm, Progressive, Allstate, and Geico. They all have the same basic coverages, but each one has a slightly different mix of options and features that may affect your buying decision. The table below illustrates price, claims, and customer service ratings, as well as some optional coverages offered by each one.

Cheap insurance quotes for felons

You have a lot of ways to compare auto insurance quotes in New Mexico, but the three most common are either through a captive (or exclusive) agency such as Allstate or Auto-Owners, an independent agent, or direct online or over the phone from a company like Progressive or Geico.

Each way has the same basic process, but each is different in how they provide price quotes.

Independent insurance agencies write for multiple companies and can quote your policy with each one. Agents of this type have the freedom to provide multiple price quotes, which may provide you with a better overall rate comparison. If a cheaper price is found, they simply move the coverage in-house which prevents you from having to find a new agency.

Exclusive agents are ‘exlusive’ to a single insurance company, two examples being Allstate or Farmers Insurance agents. They generally cannot provide rate quotes from other companies, so drivers will want to get other quotes as well.

If you buy direct, you do not use the middleman (the agent) and instead shop direct online or over the phone from a company like Geico or Progressive. This option can be a good choice for people who do not have complex finances and know more than average about what limits they need.

So comparing independent agents, exclusive agents, and direct, which one works best for finding the best cheap auto insurance for felons in New Mexico? It would be obvious to point out shopping direct saves the most money since that prevents the need to pay agent commissions, but that generally is not the case. It could also be said buying auto insurance from an independent agent results in the best rates because they can shop around, but that assumption is also not accurate. And occasionally, exclusive agents may have very competitive prices that are impossible to beat.

Since auto insurance rates vary so much, really the only way to ensure you are not overpaying for auto insurance is to compare rate quotes from as many companies as possible. We recommend you get prices from all three in order to find the best price. For a list of companies offering online discounts in New Mexico, click here to view.