Compare Floyd, NM Car Insurance Rates (2021)

Car insurance in Floyd, NM averages $282 a month. Floyd, New Mexico car insurance requirements are 25/50/10, but you might need full coverage insurance if your car is financed. To find cheap Floyd car insurance rates, compare quotes from the top car insurance companies in Floyd, NM.

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A former insurance producer, Laura understands that education is key when it comes to buying insurance. She has happily dedicated many hours to helping her clients understand how the insurance marketplace works so they can find the best car, home, and life insurance products for their needs.

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Joel Ohman is the CEO of a private equity backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Jo...

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Reviewed by Joel Ohman
Founder & CFP®

UPDATED: Jun 23, 2021

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Here's What You Need to Know

  • Average car insurance rates in Floyd, NM after a DUI are $4,305/year
  • The cheapest car insurance company in Floyd is USAA
  • Average car insurance rates in Floyd, NM are $3,380/year

If you need to buy Floyd, New Mexico car insurance, the options can be confusing. Everything you need to know about car insurance in Floyd, NM is right here.

You’ll find Floyd car insurance rates, the cheapest Floyd, NM car insurance companies, and information on New Mexico car insurance laws. You can also compare Floyd, New Mexico car insurance rates to Las Cruces car insurance rates, Santa Fe car insurance rates, and Rio Rancho car insurance rates.

Ready to find affordable Floyd, NM car insurance today? Enter your ZIP code for fast, free Floyd car insurance quotes.

Cheapest Floyd, NM Car Insurance Rates By Age, Gender, and Marital Status

How do age, gender, and marital status affect Floyd, NM car insurance rates? Every Floyd, New Mexico car insurance company weighs these factors differently, so check out the comparison rates.

Annual Car Insurance Rates by Age, Gender, and Marital Status in Floyd, New Mexico

Insurance Company Married 35-Year-Old Female Married 35-Year-Old Male Married 60-Year-Old Female Married 60-Year-Old Male Single 17-Year-Old Female Single 17-Year-Old Male Single 25-Year-Old Female Single 25-Year-Old Male
Allstate $2,606 $2,648 $2,339 $2,472 $8,033 $9,185 $2,954 $3,149
Farmers $2,343 $2,338 $2,100 $2,231 $9,241 $9,513 $2,630 $2,724
GEICO $2,666 $2,742 $2,511 $2,511 $7,583 $10,447 $2,811 $2,858
Nationwide $2,429 $2,477 $2,200 $2,318 $5,797 $7,350 $2,731 $2,935
Progressive $1,619 $1,573 $1,457 $1,467 $6,493 $7,323 $1,964 $2,041
State Farm $1,580 $1,580 $1,427 $1,427 $4,256 $5,363 $1,769 $1,953
USAA $1,445 $1,444 $1,372 $1,376 $3,641 $4,122 $1,781 $1,915

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Minimum Car Insurance in Floyd, NM

Every driver must carry the minimum car insurance in Floyd, NM. Take a look at the New Mexico car insurance requirements.

Minimum Required Car Insurance Coverage in Floyd, New Mexico

Liability Insurance Required Minimum Coverage Limits Required
Bodily Injury Liability Coverage $25,000 per person
$50,000 per accident
Property Damage Liability Coverage $10,000 minimum

Cheapest Floyd, NM Car Insurance Rates by Credit Score

Your credit affects car insurance costs in Floyd, NM. Compare credit history car insurance rates in Floyd from top companies for good, fair, and poor credit.

Annual Car Insurance Rates by Credit Score in Floyd, New Mexico

Insurance Company Poor Fair Good
Allstate $4,865 $3,995 $3,660
Farmers $4,754 $3,929 $3,738
GEICO $4,787 $4,162 $3,849
Nationwide $4,328 $3,350 $2,912
Progressive $3,290 $2,924 $2,762
State Farm $3,462 $2,123 $1,674
USAA $2,680 $2,000 $1,731

Cheapest Floyd, NM Car Insurance Rates by Driving Record

Your driving record is one of the biggest factors affecting car insurance costs. Compare bad driving record car insurance rates in Floyd, NM to rates for a clean record with top companies.

Annual Floyd, New Mexico Car Insurance Rates by Driving Record

Group Clean Record With 1 Accident With 1 DUI With 1 Speeding Violation
Allstate $3,505 $4,532 $4,763 $3,892
Farmers $3,506 $4,498 $4,392 $4,164
GEICO $2,511 $4,034 $8,009 $2,511
Nationwide $2,620 $3,705 $4,814 $2,979
Progressive $2,591 $3,526 $2,790 $3,062
State Farm $2,274 $2,468 $2,468 $2,468
USAA $1,594 $2,204 $2,897 $1,854

Cheapest Floyd, NM Car Insurance for Teen Drivers

Teen car insurance in Floyd, NM can be expensive. Take a look at rates from the top car insurance companies in Floyd for teenagers.

Annual Car Insurance Rates for Teen Drivers in Floyd, New Mexico

Insurance Company Single 17-Year-Old Female Single 17-Year-Old Male
Allstate $8,033 $9,185
Farmers $9,241 $9,513
GEICO $7,583 $10,447
Nationwide $5,797 $7,350
Progressive $6,493 $7,323
State Farm $4,256 $5,363
USAA $3,641 $4,122

Cheapest Floyd, NM Car Insurance for Seniors

Take a look at Floyd, NM senior car insurance rates from top companies. Shopping around can make a big difference for senior drivers.

Annual Car Insurance Rates for Senior Drivers in Floyd, New Mexico

Insurance Company Married 60-Year-Old Female Married 60-Year-Old Male
Allstate $2,339 $2,472
Farmers $2,100 $2,231
GEICO $2,511 $2,511
Nationwide $2,200 $2,318
Progressive $1,457 $1,467
State Farm $1,427 $1,427
USAA $1,372 $1,376

Cheapest Floyd, NM Car Insurance Rates After a DUI

A DUI in Floyd, NM increases car insurance rates. Compare Floyd, New Mexico DUI car insurance by company to find the cheapest option.

Annual Car Insurance Rates After a DUI in Floyd, New Mexico

Insurance Company Annual Car Insurance Rates With a DUI
Allstate $4,763
Farmers $4,392
GEICO $8,009
Nationwide $4,814
Progressive $2,790
State Farm $2,468
USAA $2,897

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Cheapest Floyd, NM Car Insurance Rates by Commute Length

How does how far you drive affect car insurance rates in Floyd, NM by commute? Take a look at a comparison of the top companies by commute length.

Annual Car Insurance Rates by Commute Length in Floyd, New Mexico

Insurance Company 10 Mile Commute, 6,000 Annual Mileage 25 Mile Commute, 12,000 Annual Mileage
Allstate $4,173 $4,173
Farmers $4,140 $4,140
GEICO $4,201 $4,331
Nationwide $3,530 $3,530
Progressive $2,992 $2,992
State Farm $2,359 $2,480
USAA $2,073 $2,201

The Best Cheap Car Insurance Companies in Floyd, NM

Take a look at a side-by-side comparison of the top car insurance companies in Floyd, NM to find the best option for your needs.

Average Annual Car Insurance Rates by Company in Floyd, New Mexico

Insurance Company Average Annual Rates
Allstate $4,173
Farmers $4,140
GEICO $4,266
Nationwide $3,530
Progressive $2,992
State Farm $2,419
USAA $2,137

Category Winners: Cheapest Car Insurance in Floyd, New Mexico

Find the cheapest car insurance companies in Floyd, NM for each category right here.

Best Annual Car Insurance Rates by Company in Floyd, New Mexico

Category Insurance Company
Teenagers USAA
Seniors USAA
Clean Record USAA
With 1 Accident USAA
With 1 DUI State Farm
With 1 Speeding Violation USAA

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Cheapest Floyd, NM Car Insurance Rates by Coverage Level

How much coverage you choose will have an impact on your Floyd car insurance rates. Find the cheapest Floyd, NM car insurance rates by coverage level.

Annual Car Insurance Rates by Coverage Level in Floyd, New Mexico

Insurance Company Low Medium High
Allstate $4,014 $4,166 $4,339
Farmers $3,798 $4,105 $4,517
GEICO $3,990 $4,256 $4,552
Nationwide $3,514 $3,491 $3,584
Progressive $2,878 $2,992 $3,107
State Farm $2,217 $2,428 $2,614
USAA $1,995 $2,146 $2,271

What affects car insurance rates in Floyd, New Mexico?

What factors can have an impact on Floyd, NM car insurance? There are several reasons why Floyd car insurance may be different from surrounding cities. Take a look at what affects car insurance rates in Floyd, New Mexico.

Commute Time in Floyd

The more time you spend in your car the higher the risk of an accident. The average commute length in Floyd, NM is 22.1 minutes according to City-Data.

Compare Car Insurance Quotes in Floyd, NM

Ready to find affordable Floyd, New Mexico car insurance today? Enter your ZIP code for fast, free Floyd, NM car insurance quotes.

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