Car insurance in Farmington for an adult with a clean driving record and good insurance score costs $1,349 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 Farmington by coverage levels, age, city and ZIP code. It also lists the cheapest car insurance carriers and rates in Farmington.

Key Highlights
  • Car insurance in Farmington is cheaper than car insurance in New Mexico for full coverage policies.
  • The average cost of a full-coverage car insurance policy in Farmington is $1,349 per year or $112 per month.
  • In Farmington, Geico offers the cheapest full coverage car insurance at $72 per month.
author-img
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.
author
Reviewed by:
Laura Longero
reviewer icon
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.
ZIP Code
Please enter valid ZIP

What is the average cost of car insurance in Farmington, NM?

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

  • State minimum: $346 per year
  • Liability-only coverage (50/100/50): $512 per year
  • Full coverage (100/300/100): $1,349 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$265$349$868
Nationwide$318$495$1,015
USAA$168$354$1,025
State Farm$231$423$1,119
Farmers$318$520$1,179
Progressive$699$884$1,376
Kemper Insurance$346$577$1,652
Allstate$495$535$1,793
Iowa Farm Bureau$276$472$2,116

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 Farmington, NM?

Out of all the carriers available in Farmington, Geico offers the cheapest full coverage car insurance at $72 per month.

The second-cheapest car insurance company in Farmington is Nationwide, offering car insurance at $85 monthly.

Cheapest CompanyFull Coverage Monthly Rates
Geico$72
Nationwide$85
USAA$85
State Farm$93
Farmers$98
Progressive$115
Kemper Insurance$138
Allstate$149
Iowa Farm Bureau$176

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 Farmington, 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 Farmington, NM

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

Cheapest CompanyFull Coverage Monthly Rates with 2 Speeding Tickets
State Farm$100
Nationwide$111
Geico$114
USAA$125
Progressive$144
Kemper$167
Farmers$194
Allstate$212

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 Farmington, NM

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

Cheapest CompanyFull Coverage Monthly Rates with 1 DUI
State Farm$100
Progressive$119
Geico$143
Nationwide$148
Kemper$164
USAA$166
Farmers$173
Allstate$245

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

Companies with the cheapest insurance by driver profile in Farmington, 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 Farmington, NM, by age

Age is a key factor when considering car insurance rates in most cities, including Farmington – 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$649
16Geico$291
16Farmers$682
16Iowa Farm Bureau$436
16Kemper Insurance$698
16Nationwide$316
16Progressive$606
16State Farm$310
16USAA$346
17Allstate$532
17Geico$228
17Farmers$493
17Iowa Farm Bureau$307
17Kemper Insurance$514
17Nationwide$306
17Progressive$482
17State Farm$276
17USAA$256
18Allstate$468
18Geico$194
18Farmers$435
18Iowa Farm Bureau$282
18Kemper Insurance$514
18Nationwide$275
18Progressive$423
18State Farm$245
18USAA$207
19Allstate$374
19Geico$166
19Farmers$237
19Iowa Farm Bureau$265
19Kemper Insurance$312
19Nationwide$238
19Progressive$239
19State Farm$218
19USAA$181
20Allstate$332
20Geico$145
20Farmers$218
20Iowa Farm Bureau$250
20Kemper Insurance$312
20Nationwide$200
20Progressive$222
20State Farm$194
20USAA$167
21Allstate$279
21Geico$119
21Farmers$197
21Iowa Farm Bureau$223
21Kemper Insurance$251
21Nationwide$144
21Progressive$184
21State Farm$167
21USAA$127
22Allstate$248
22Geico$104
22Farmers$188
22Iowa Farm Bureau$211
22Kemper Insurance$251
22Nationwide$130
22Progressive$167
22State Farm$153
22USAA$120
23Allstate$221
23Geico$99
23Farmers$174
23Iowa Farm Bureau$208
23Kemper Insurance$181
23Nationwide$123
23Progressive$166
23State Farm$137
23USAA$114
24Allstate$198
24Geico$93
24Farmers$169
24Iowa Farm Bureau$206
24Kemper Insurance$181
24Nationwide$117
24Progressive$154
24State Farm$128
24USAA$109
25Allstate$168
25Geico$90
25Farmers$111
25Iowa Farm Bureau$194
25Kemper Insurance$156
25Nationwide$101
25Progressive$133
25State Farm$114
25USAA$105
30Allstate$149
30Geico$75
30Farmers$104
30Iowa Farm Bureau$182
30Kemper Insurance$152
30Nationwide$90
30Progressive$122
30State Farm$95
30USAA$92
35Allstate$149
35Geico$73
35Farmers$100
35Iowa Farm Bureau$182
35Kemper Insurance$145
35Nationwide$88
35Progressive$118
35State Farm$94
35USAA$88
40Allstate$149
40Geico$72
40Farmers$98
40Iowa Farm Bureau$176
40Kemper Insurance$138
40Nationwide$85
40Progressive$115
40State Farm$93
40USAA$85
45Allstate$149
45Geico$72
45Farmers$94
45Iowa Farm Bureau$176
45Kemper Insurance$137
45Nationwide$83
45Progressive$115
45State Farm$92
45USAA$83
50Allstate$149
50Geico$74
50Farmers$90
50Iowa Farm Bureau$169
50Kemper Insurance$129
50Nationwide$80
50Progressive$110
50State Farm$91
50USAA$81
55Allstate$145
55Geico$73
55Farmers$87
55Iowa Farm Bureau$168
55Kemper Insurance$135
55Nationwide$78
55Progressive$110
55State Farm$88
55USAA$80
60Allstate$143
60Geico$72
60Farmers$87
60Iowa Farm Bureau$166
60Kemper Insurance$120
60Nationwide$77
60Progressive$110
60State Farm$86
60USAA$81
65Allstate$152
65Geico$71
65Farmers$98
65Iowa Farm Bureau$165
65Kemper Insurance$133
65Nationwide$78
65Progressive$113
65State Farm$86
65USAA$83
70Allstate$152
70Geico$74
70Farmers$106
70Iowa Farm Bureau$167
70Kemper Insurance$144
70Nationwide$84
70Progressive$121
70State Farm$89
70USAA$89
75Allstate$172
75Geico$78
75Farmers$118
75Iowa Farm Bureau$171
75Kemper Insurance$158
75Nationwide$92
75Progressive$145
75State Farm$95
75USAA$99

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

Cheapest rates for drivers in Farmington, 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$107
Nationwide$125
Progressive$157
Kemper Insurance$162
USAA$162
State Farm$179
Farmers$207
Allstate$233

Final thoughts: Car insurance cost in Farmington, 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 Farmington, 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 Farmington, 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

Ask the Insurance Expert

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.

John McCormick

Ask the Insurance Expert

John McCormick

Editorial Director

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.

Leslie Kasperowicz

Ask the Insurance Expert

Leslie Kasperowicz

Executive Editor

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.

Nupur Gambhir

Ask the Insurance Expert

Nupur Gambhir

Managing Editor

Nupur Gambhir is a content editor and licensed life, health, and disability insurance expert. She has extensive experience bringing brands to life and has built award-nominated campaigns for travel and tech. Her insurance expertise has been featured in Bloomberg News, Forbes Advisor, CNET, Fortune, Slate, Real Simple, Lifehacker, The Financial Gym, and the end-of-life planning service.

Please Enter Valid Question. Min 50 to max 250 characters are allowed. Only (& ? , .) charcters are allowed.
Please Enter Valid Email.
Error: Security check failed
Thank You, Your message has been received. Our team of auto insurance experts typically answers questions within five working days. Note that due to the volume of questions we receive, not all may be answered. Due to technical error, please try again later.
author image
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.