How Much Does Car Insurance Cost for State Employees in New Mexico?

One of the many criteria that is used by car insurance companies to calculate insurance cost is your zip code in New Mexico. Areas with increased crime or more people like Albuquerque, Artesia, and Santa Fe tend to pay more, whereas cities that are not as densely populated benefit from lower coverage costs.

The information below ranks the highest-priced areas in New Mexico for state employees in which to buy car insurance.

Rate quotes are approximated as specific New Mexico garaging address can influence coverage prices greatly.

Comparing quotes for low-cost auto insurance is confusing at best, and determining which company offers the most affordable car insurance rates for state employees will require even more shopping around.

Each company uses a different method to determine rates, so let’s take a look at the most competitive car insurance companies in New Mexico.

Cheap Insurance Rates in New Mexico

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USAA offers some of the most affordable car insurance rates in New Mexico at around $677 each year. Allied, Safeco, Farm Bureau Mutual, and Farmers also are some of the lowest-priced New Mexico auto insurance companies.

As the example above demonstrates, if you are a policyholder with Allied and switched to USAA, you may see yearly savings of upwards of $271. Customers with Safeco might save as much as $327 a year, and Farm Bureau Mutual policyholders might lower prices by up to $525 a year.

Bear in mind that those premiums are averages for all insureds and vehicles and and are not figured with a rate discount for state employees. So the insurer that fits you best may not even be featured in the above rate chart. That is why you need to quote rates from as many companies as possible using your own driver data and vehicle information.

We all have different tastes in cars, and the vehicle you are insuring is one of the largest considerations in finding the most economical auto insurance for state employees. Vehicles with reasonable performance levels, excellent safety ratings, or a positive history of liability claims will cost significantly less to insure than higher performance models.

The information below outlines car insurance costs for a handful of the cheaper automobiles to buy insurance for.

Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Rate information does not factor in zip code location which can impact insurance rates substantially.

Price data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Mexico minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, multi-policy, and safe-driver. Rates do not factor in specific location which can revise prices substantially.

Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Mexico minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Estimates do not factor in vehicle location which can alter coverage prices significantly.

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

If you’re looking for the cheapest auto insurance for state workers, four of the best places to start are Geico, Allstate, Progressive, and State Farm. Between them, they make up 48.5% of the entire U.S. car insurance market. Each one has different optional coverages and features that buyers can select from. The following table shows pricing and service ratings, as well as optional policy coverages you can expect with each one.