Cheap Auto Insurance for Active Military in New Mexico

Cheap Auto Insurance for Active Military in New Mexico

You have most likely seen the catchy commercials from insurers like The General, State Farm, and GEICO that say if you switch you’ll get dirt cheap rates. So you should just choose the one with the best commercial, right?

It’s just not that simple, as there are a lot of unknowns like whether you are married or single, how safe your vehicle is, and the number of years you have been licensed, that all go into determining the rate you pay. We will touch on the different ways you can keep rates low and also should give you a good beginning to your search for cheaper coverage.

Finding reliable, low-cost car insurance is not easy, and figuring out which company quotes the most affordable car insurance rates for active military may require a bit more work. Coverage prices will probably be slightly lower than the average rate in New Mexico due to the decrease in risk that goes along with selling coverage for military personnel. Economical insurance should be easy to find without looking to hard.

Every car insurance company uses their own method for setting prices, so let’s begin by taking a look at the car insurance companies that tend to be cheaper in New Mexico.

Best Car Insurance Prices for Military

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New Mexico auto insurance company rankings
Rank Company Cost Per Year
1 USAA $677
2 Allied $948
3 Safeco $984
4 Farm Bureau Mutual $1,178
5 State Farm $1,297
6 Farmers $1,302
7 The Hartford $1,326
8 Central Mutual $1,328
9 Progressive $1,550
10 Travelers $1,569
11 GEICO $1,576
12 MetLife $1,594
13 California Casualty $1,639
14 Encompass $1,694
15 Allstate $2,314
16 Liberty Mutual $2,529
17 Sentry $3,176
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USAA quotes some of the cheapest car insurance rates in New Mexico at around $677 each year. Allied, Safeco, Farm Bureau Mutual, and State Farm would also make the list of some of the most economical New Mexico car insurance companies.

As shown in the table above, if you are a policyholder with Allied and switched to USAA, you might see a yearly price reduction of about $271. Customers with Safeco could save as much as $307 a year, and Farm Bureau Mutual policyholders might reduce rates by $501 a year.

Understand that those premiums are averaged for all insureds and vehicles and and are not figured with a rate decrease for active military. So the company that is best for you may not even be featured in the rate chart shown above. That points out the importance of why you need to get auto insurance quotes using your own driver data and vehicle information.

The make and model of vehicle requiring coverage is one of the largest factors in finding cheap auto insurance for active military in New Mexico. Vehicles with higher performance, poor safety features, or a history of substantial liability claims will cost substantially more to insure than safer, lower-performance models. The next lists outlines coverage premiums for the most budget-friendly automobiles to insure.

Car Insurance Rates for Popular Cars in New Mexico
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Ford Focus SES 2-Dr Coupe $1,144 $572 $95
Honda Accord EX 2-Dr Coupe $1,144 $572 $95
Honda Civic GX 4-Dr Sedan $1,140 $570 $95
Hyundai Elantra SE 4-Dr Sedan $1,078 $539 $90
Hyundai Sonata GLS 4-Dr Sedan $1,082 $541 $90
Toyota Camry Hybrid $1,166 $583 $97
Toyota Corolla LE $1,078 $539 $90
Volkswagen Jetta 2.0T 4-Dr Sedan $1,100 $550 $92
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Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and New Mexico minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Prices do not factor in specific garaging location which can raise or lower insurance rates significantly.

Car Insurance Rates for Popular SUVs and Crossovers in New Mexico
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Chevrolet Suburban LS 4WD $1,038 $519 $87
Chevrolet Traverse LT AWD $964 $482 $80
Ford Escape Limited 2WD $880 $440 $73
Ford Explorer Limited 4WD $1,038 $519 $87
GMC Acadia SL AWD $954 $477 $80
GMC Terrain SLE 2WD $942 $471 $79
Honda CR-V LX 4WD $858 $429 $72
Honda Pilot Touring 2WD $1,038 $519 $87
Hyundai Tucson Limited 4WD $1,016 $508 $85
Jeep Grand Cherokee Limited 4WD $1,100 $550 $92
Jeep Patriot Sport 4WD $932 $466 $78
Kia Sportage EX 4WD 4-Dr $1,016 $508 $85
Toyota 4Runner Limited 2WD $1,048 $524 $87
Toyota Highlander SE 4WD $1,122 $561 $94
Toyota RAV4 Limited 4WD $1,016 $508 $85
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Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, claim-free, and safe-driver. Rate information does not factor in specific location information which can impact coverage prices substantially.

Car Insurance Rates for Popular Pickup Trucks in New Mexico
Make, Model, and Trim Level Annual Cost Semi-Annual Cost Monthly Cost
Chevrolet Silverado 3500HD LTZ Crew Cab 2WD $1,146 $573 $96
Chevrolet Silverado Crew Cab Hybrid 4WD $1,184 $592 $99
Dodge Ram Crew Cab Laramie 2WD $1,188 $594 $99
Ford F-150 XLT Crew Cab 4WD $1,038 $519 $87
Ford F-350 XL Super Cab Turbo Diesel 2WD $1,146 $573 $96
GMC Canyon SLT Ext Cab 4WD $1,038 $519 $87
GMC Sierra 3500HD SLT Extended Cab 2WD $1,122 $561 $94
GMC Sierra SLT Extended Cab 4WD $1,100 $550 $92
Toyota Tacoma Double Cab TRD Sport Package 4WD $1,038 $519 $87
Toyota Tundra SR/5 Crew Max 4WD $1,188 $594 $99
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Data based on single male driver age 50, 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. Premium costs do not factor in New Mexico location which can alter coverage rates noticeably.

When shopping for the cheapest insurance for military personnel, one of the many components that is used to calculate rate quotes is where you live in New Mexico. Cities that have higher claim levels or more people like Albuquerque, South Valley, and Hobbs tend to have higher auto insurance costs, whereas areas with less congestion get the luxury of paying less.

The information below shows the more expensive cities in New Mexico for active military to purchase a policy in.

Most expensive New Mexico cities for auto insurance
Rank City Average Per Year
1 Albuquerque $1,375
2 Santa Fe $1,356
3 South Valley $1,336
4 Artesia $1,330
5 Hobbs $1,296
6 Los Alamos $1,295
7 North Valley $1,290
8 Rio Rancho $1,256
9 Los Lunas $1,250
10 Espanola $1,236
11 Lovington $1,207
12 Carlsbad $1,201
13 Las Vegas $1,184
14 Farmington $1,183
15 Gallup $1,176
16 Portales $1,175
17 Roswell $1,174
18 Clovis $1,145
19 Deming $1,143
20 Las Cruces $1,142
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Information shown are comparative as the specific New Mexico residence address can alter rates considerably.

Discounts on cheap auto insurance for active military in New Mexico

Car insurance for military personnel in New MexicoCar insurance companies that offer coverage for active military may also offer policy discounts that could potentially reduce rates by 30% or more if you qualify. The best car insurance companies and some of the discounts are detailed below.

Car Insurance Discounts for Popular Insurance Companies
Discount Progressive State Farm Allstate Geico Farmers Liberty Mutual
Bundle discount Yes Yes Yes Yes Yes Yes
Multi-vehicle Yes Yes No Yes Yes Yes
Anti-theft Yes Yes Yes Yes Yes Yes
Anti-lock brakes No Yes Yes Yes No Yes
Air bags No Yes Yes Yes Yes Yes
Running lights No Yes No Yes Yes No
Newer vehicle No Yes Yes No Yes No
Hybrid vehicle No No Yes No Yes Yes
Accident-free Yes Yes Yes Yes Yes No
Defensive driver training Yes Yes Yes Yes Yes No
Military Yes Yes No Yes Yes No
Professional affiliation No No No Yes Yes Yes
Paid in full Yes No Yes Yes Yes Yes
Email statements Yes No Yes Yes Yes Yes
Loyalty Yes Yes No No Yes No
Good grades Yes Yes Yes Yes Yes Yes
Student away from home Yes Yes Yes No Yes Yes
Homeowner Yes No No No Yes No
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The diagram below shows the difference between premium costs with and without some available policy discounts. The price estimates are based on a female driver, a clean driving record, no claims, New Mexico state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with passive restraint, marriage, multiple policy, accident-free, homeowner, and multiple vehicle discounts applied. When these discounts are applied, the the average yearly reduction on car insurance for active military is 33% or $553.

Selecting the right auto insurance company can be rather challenging considering how many companies are available to choose from in New Mexico. The rank data in the next section may help you select which car insurance providers you want to consider comparing rates with.

The rankings below are for companies that insure vehicles nationwide, so companies that focus mainly on New Mexico business are not included in this list. If you would like to check rates from the insurers below and more, click here.

Top 10 Large Auto Insurance Companies in New Mexico Ranked by Customer Satisfaction

  1. Titan Insurance – 95%
  2. USAA – 94%
  3. AAA Insurance – 91%
  4. Nationwide – 90%
  5. State Farm – 90%
  6. The Hartford – 89%
  7. GEICO – 89%
  8. The General – 88%
  9. Liberty Mutual – 88%
  10. Allstate – 88%

Top 10 Large Auto Insurance Companies in New Mexico Ranked by Claims Service

  1. State Farm
  2. Esurance
  3. AAA Insurance
  4. Progressive
  5. GEICO
  6. Liberty Mutual
  7. Allstate
  8. Titan Insurance
  9. The Hartford
  10. The General