Car insurance in Corrales for an adult with a clean driving record and good insurance score costs $1,691 a year for a full coverage policy, according to CarInsurance.com data.

But that’s just an average. Insurance companies look at drivers as individuals, factoring in their age, driving history, the make and model of their car and other factors.

Where you live is also a big factor. Car insurance rates can vary greatly from city to city and even from ZIP code to ZIP code within a city.

More traffic typically translates to more accidents and claims, so insurers look at neighborhoods and consider population density, road conditions, weather and other factors.

Some ZIP codes have much more auto theft than other areas. Insurers will thus charge higher premiums in those zip codes because the risk of loss is much higher. Other ZIP codes have a lot more car wrecks and the insurance company will charge higher premiums to cover the risk,” says James Brau, professor of finance at Brigham Young University. “Imagine a densely-crowded ZIP code where a lot of folks are driving versus a code out in a rural area where you hardly ever see another car. The odds of more wrecks and thefts are higher where there are a ton of vehicles — it becomes a statistics exercise.

Knowing where you live and what you’re likely to pay can be a big help when shopping for auto insurance.

That’s why our experts have created this comprehensive guide to help you make intelligent decisions about car insurance. The guide provides the average car insurance rates in Corrales by coverage levels, age, city and ZIP code. It also lists the cheapest car insurance carriers and rates in Corrales.

Key Highlights
  • Car insurance in Corrales is more expensive than car insurance in New Mexico for full coverage policies.
  • The average cost of a full-coverage car insurance policy in Corrales is $1,691 per year or $141 per month.
  • In Corrales, Geico offers the cheapest full coverage car insurance at $90 per month.
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Written by:
Katrina Raenell
Contributing Researcher
Katrina Raenell is a writer, editor and educator with 20 years of experience in content and communications for international organizations, nonprofits and start-ups. In her previous roles, she was a communications manager for study abroad, content project manager for higher education and finance websites, reported on arts and culture, and was a managing editor for an online health and wellness publication.
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Reviewed by:
Laura Longero
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Executive Editor
Laura Longero is an insurance expert and Executive Editor at CarInsurance.com, where she specializes in helping consumers navigate the complexities of the financial and insurance industries. She has 15 years of experience educating people about finance and car insurance. Prior to joining CarInsurance.com, she worked as a reporter and editor at the USA Today Network. Her expertise provides readers with practical guidance, helping them make informed choices about their financial and insurance needs.
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What is the average cost of car insurance in Corrales, NM?

The average auto insurance rates in Corrales, NM at various coverage levels are listed below:

  • State minimum: $464 per year
  • Liability-only coverage (50/100/50): $684 per year
  • Full coverage (100/300/100): $1,691 per year

The cost of car insurance can vary significantly depending on the coverage level you choose. The three most-talked-about coverage levels are:

State minimum car insurance, which is the minimum liability coverage your state requires; liability car insurance coverage, which pays for the medical bills of anyone you injure with your car and pays to repair or replace any cars or property you hit; and full coverage car insurance, which includes collision and comprehensive insurance that pays for damage to your car.

Average annual rates by company for different coverage levels

CompanyState MinimumLiability OnlyFull Coverage
Geico$362$479$1,081
USAA$220$418$1,102
Nationwide$400$600$1,217
State Farm$347$559$1,299
Farmers$488$754$1,597
Progressive$792$1,041$1,758
Allstate$575$629$1,991
Kemper Insurance$574$1,032$2,578
Iowa Farm Bureau$418$641$2,599

Note:

  • State Minimum: State minimum liability only
  • Liability Only: 50/100/50 liability only
  • Full Coverage: 100/300/100 liability with $500 comprehensive/collision deductible

What are the cheapest car insurance companies in Corrales, NM?

Out of all the carriers available in Corrales, Geico offers the cheapest full coverage car insurance at $90 per month.

The second-cheapest car insurance company in Corrales is USAA, offering car insurance at $92 monthly.

Cheapest CompanyFull Coverage Monthly Rates
Geico$90
USAA$92
Nationwide$101
State Farm$108
Farmers$133
Progressive$147
Allstate$166
Kemper Insurance$215
Iowa Farm Bureau$217

Note: Full Coverage: 100/300/100 liability with $500 comprehensive/collision deductible

Comparing quotes from multiple insurers can help you save money on your car insurance premiums.

Which companies offer the cheapest rates for high-risk drivers in Corrales, NM?

Car insurance is more expensive for high-risk drivers. A high-risk driver in New Mexico is considered as such because they have:

  • Multiple speeding tickets or other traffic infractions in the last three- to five-year period.
  • An injury or a high-cost accident in the last three- to five-year period
  • A DUI conviction
  • A teen/inexperienced driver on their policy
  • A high-performance sports car
  • A poor credit score (a few states — California, Hawaii, Maryland, Massachusetts and Michigan — prohibit insurance companies from using credit to set rates)
  • A recent lapse in car insurance

Cheapest rates for drivers with two speeding tickets in Corrales, NM

See the average annual premium for drivers with two speeding tickets on their records in Corrales, NM in the table below.

Cheapest CompanyFull Coverage Monthly Rates with 2 Speeding Tickets
State Farm$116
USAA$134
Nationwide$136
Geico$147
Progressive$198
Allstate$223
Farmers$264
Kemper$264

Note:

  • Full Coverage: 100/300/100 liability with $500 comprehensive/collision deductible
  • Insurance rates after receiving 2 speeding tickets for speeds 11 mph or over.

Cheapest rates for drivers with a DUI conviction in Corrales, NM

See the average annual premium for a driver convicted of DUI in Corrales, NM in the table below.

Cheapest CompanyFull Coverage Monthly Rates with 1 DUI
State Farm$116
Progressive$160
USAA$180
Nationwide$183
Geico$189
Farmers$234
Allstate$258
Kemper$260

Note: Full Coverage: 100/300/100 liability with $500 comprehensive/collision deductible

Companies with the cheapest insurance by driver profile in Corrales, NM

Personal factors can affect how much you pay for car insurance in states that allow it. Insurance companies do use a driver’s age as a rating factor as more driving experience leads to lower rates – and vice versa. However, not all states allow gender and credit score to be used when setting car insurance rates.

Cheapest rates for drivers in Corrales, NM, by age

Age is a key factor when considering car insurance rates in most cities, including Corrales – it’s one of several key factors taken into account by insurers to determine premiums.

Teens (age 16 to 19) are more prone to accidents because they’re inexperienced drivers. According to the Centers for Disease Control and Prevention (CDC), teen drivers are far more likely to be involved in fatal collisions than adult drivers. The higher the chances of an accident, the higher the car insurance rates.

Drivers in their 40s, 50s and 60s pay less for their car insurance premiums when compared to teen drivers because they are more likely to follow traffic rules, according to the Insurance Information Institute.

AgeCheapest CompanyFull Coverage Monthly Rates
16Allstate$754
16Geico$385
16Farmers$942
16Iowa Farm Bureau$585
16Kemper Insurance$1,069
16Nationwide$399
16Progressive$817
16State Farm$382
16USAA$380
17Allstate$618
17Geico$300
17Farmers$682
17Iowa Farm Bureau$405
17Kemper Insurance$786
17Nationwide$387
17Progressive$655
17State Farm$338
17USAA$282
18Allstate$535
18Geico$255
18Farmers$598
18Iowa Farm Bureau$371
18Kemper Insurance$786
18Nationwide$347
18Progressive$571
18State Farm$298
18USAA$227
19Allstate$422
19Geico$214
19Farmers$325
19Iowa Farm Bureau$347
19Kemper Insurance$480
19Nationwide$299
19Progressive$322
19State Farm$264
19USAA$199
20Allstate$373
20Geico$189
20Farmers$297
20Iowa Farm Bureau$325
20Kemper Insurance$480
20Nationwide$250
20Progressive$298
20State Farm$233
20USAA$182
21Allstate$312
21Geico$151
21Farmers$272
21Iowa Farm Bureau$283
21Kemper Insurance$388
21Nationwide$179
21Progressive$244
21State Farm$200
21USAA$138
22Allstate$277
22Geico$132
22Farmers$260
22Iowa Farm Bureau$267
22Kemper Insurance$388
22Nationwide$160
22Progressive$220
22State Farm$182
22USAA$130
23Allstate$246
23Geico$125
23Farmers$240
23Iowa Farm Bureau$262
23Kemper Insurance$281
23Nationwide$151
23Progressive$219
23State Farm$162
23USAA$124
24Allstate$220
24Geico$117
24Farmers$233
24Iowa Farm Bureau$259
24Kemper Insurance$281
24Nationwide$143
24Progressive$202
24State Farm$150
24USAA$118
25Allstate$185
25Geico$113
25Farmers$151
25Iowa Farm Bureau$242
25Kemper Insurance$242
25Nationwide$122
25Progressive$173
25State Farm$134
25USAA$114
30Allstate$166
30Geico$92
30Farmers$142
30Iowa Farm Bureau$224
30Kemper Insurance$235
30Nationwide$108
30Progressive$157
30State Farm$110
30USAA$99
35Allstate$166
35Geico$91
35Farmers$136
35Iowa Farm Bureau$224
35Kemper Insurance$226
35Nationwide$105
35Progressive$151
35State Farm$108
35USAA$95
40Allstate$166
40Geico$90
40Farmers$133
40Iowa Farm Bureau$217
40Kemper Insurance$215
40Nationwide$101
40Progressive$147
40State Farm$108
40USAA$92
45Allstate$166
45Geico$90
45Farmers$127
45Iowa Farm Bureau$216
45Kemper Insurance$214
45Nationwide$99
45Progressive$146
45State Farm$108
45USAA$90
50Allstate$166
50Geico$93
50Farmers$123
50Iowa Farm Bureau$207
50Kemper Insurance$201
50Nationwide$96
50Progressive$140
50State Farm$106
50USAA$88
55Allstate$162
55Geico$92
55Farmers$118
55Iowa Farm Bureau$206
55Kemper Insurance$211
55Nationwide$93
55Progressive$140
55State Farm$103
55USAA$87
60Allstate$160
60Geico$91
60Farmers$118
60Iowa Farm Bureau$203
60Kemper Insurance$188
60Nationwide$91
60Progressive$140
60State Farm$101
60USAA$87
65Allstate$171
65Geico$91
65Farmers$133
65Iowa Farm Bureau$202
65Kemper Insurance$210
65Nationwide$94
65Progressive$145
65State Farm$100
65USAA$90
70Allstate$171
70Geico$95
70Farmers$145
70Iowa Farm Bureau$207
70Kemper Insurance$227
70Nationwide$100
70Progressive$156
70State Farm$104
70USAA$98
75Allstate$195
75Geico$102
75Farmers$160
75Iowa Farm Bureau$212
75Kemper Insurance$249
75Nationwide$111
75Progressive$190
75State Farm$112
75USAA$109

Note: Full Coverage: 100/300/100 liability with $500 comprehensive/collision deductible

Cheapest rates for drivers in Corrales, NM, with poor credit

Except in states that don’t allow it – California, Hawaii, Massachusetts, Washington and Michigan – drivers who have poor credit will pay higher rates for car insurance because they’re viewed as riskier by auto insurers.

Cheapest CompanyFull Coverage Monthly Rates with Bad Credit
Geico$135
Nationwide$150
USAA$172
Progressive$211
State Farm$211
Allstate$245
Kemper Insurance$258
Farmers$279

Final thoughts: Car insurance cost in Corrales, NM

Shopping for a new auto insurance policy at renewal time is the best way to make sure you have the cheapest car insurance in Corrales, NM. Maximize your discounts, drive a vehicle with plenty of safety features and maintain a good driving record to pay less for car insurance.

Resources & Methodology

Sources:

  1. Centers for Disease Control and Prevention. “Teen drivers.” Accessed August 2023.
  2. Insurance Information Institute. “Senior driving safety and insurance tips.” Accessed August 2023.

Methodology:

CarInsurance.com, commissioned Quadrant Information Services to gather data on the average costs of car insurance for drivers residing in Corrales, New Mexico.

The rates were derived from a sample profile of a 40-year-old male driving a Honda Accord LX, with no history of violations and a good insurance score. This sample profile opted for full coverage policies with limits of up to 100/300/100 and a $500 comprehensive and collision deductible.

The data was collected across approximately 34,523 ZIP codes, resulting in a total of 56,838,240 quotes obtained from 41 companies.

Laura Longero

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Laura Longero

Executive Editor

Laura Longero is an insurance expert and Executive Editor at CarInsurance.com, where she specializes in helping consumers navigate the complexities of the financial and insurance industries. She has 15 years of experience educating people about finance and car insurance. Prior to joining CarInsurance.com, she worked as a reporter and editor at the USA Today Network. Her expertise provides readers with practical guidance, helping them make informed choices about their financial and insurance needs.

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John is the editorial director for CarInsurance.com, Insurance.com and Insure.com. Before joining QuinStreet, John was a deputy editor at The Wall Street Journal and had been an editor and reporter at a number of other media outlets where he covered insurance, personal finance, and technology.

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Leslie Kasperowicz

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Leslie Kasperowicz is an insurance educator and content creation professional with nearly two decades of experience first directly in the insurance industry at Farmers Insurance and then as a writer, researcher, and educator for insurance shoppers writing for sites like ExpertInsuranceReviews.com and InsuranceHotline.com and managing content, now at CarInsurance.com.

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Contributing Researcher

Katrina Raenell is a writer, editor and educator with 20 years of experience in content and communications for international organizations, nonprofits and start-ups. In her previous roles, she was a communications manager for study abroad, content project manager for higher education and finance websites, reported on arts and culture, and was a managing editor for an online health and wellness publication.