Compare Folsom, NM Car Insurance Rates (2021)

Car insurance in Folsom, NM averages $290 a month. Folsom, New Mexico car insurance requirements are 25/50/10, but you might need full coverage insurance if your car is financed. To find cheap Folsom car insurance rates, compare quotes from the top car insurance companies in Folsom, 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 Folsom, NM after a DUI are $4,433/year
  • The cheapest car insurance company in Folsom for teen drivers is USAA
  • Average car insurance rates in Folsom, NM are $3,478/year

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

You’ll find Folsom car insurance rates, the cheapest Folsom, NM car insurance companies, and information on New Mexico car insurance laws. You can also compare Folsom, New Mexico car insurance rates to Hobbs car insurance rates, Carlsbad car insurance rates, and Las Cruces car insurance rates.

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

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

How do age, gender, and marital status affect Folsom, NM car insurance rates? Every Folsom, 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 Folsom, 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 $2,604 $2,625 $2,371 $2,495 $8,603 $9,962 $2,905 $3,099
Farmers $2,324 $2,315 $2,081 $2,214 $9,353 $9,619 $2,621 $2,716
GEICO $2,666 $2,742 $2,511 $2,511 $7,583 $10,447 $2,811 $2,858
Nationwide $2,586 $2,638 $2,338 $2,465 $6,271 $7,955 $2,917 $3,135
Progressive $1,771 $1,721 $1,593 $1,604 $7,158 $8,071 $2,153 $2,236
State Farm $1,552 $1,552 $1,404 $1,404 $4,197 $5,284 $1,738 $1,919
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 Folsom, NM

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

Minimum Required Car Insurance Coverage in Folsom, 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 Folsom, NM Car Insurance Rates by Credit Score

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

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

Insurance Company Poor Fair Good
Allstate $5,043 $4,153 $3,803
Farmers $4,767 $3,946 $3,753
GEICO $4,787 $4,162 $3,849
Nationwide $4,644 $3,597 $3,123
Progressive $3,616 $3,214 $3,035
State Farm $3,406 $2,089 $1,648
USAA $2,680 $2,000 $1,731

Cheapest Folsom, 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 Folsom, NM to rates for a clean record with top companies.

Annual Folsom, New Mexico Car Insurance Rates by Driving Record

Group Clean Record With 1 Accident With 1 DUI With 1 Speeding Violation
Allstate $3,576 $4,691 $5,039 $4,026
Farmers $3,510 $4,518 $4,411 $4,183
GEICO $2,511 $4,034 $8,009 $2,511
Nationwide $2,805 $3,976 $5,178 $3,193
Progressive $2,845 $3,879 $3,065 $3,365
State Farm $2,237 $2,429 $2,429 $2,429
USAA $1,594 $2,204 $2,897 $1,854

Cheapest Folsom, NM Car Insurance for Teen Drivers

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

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

Insurance Company Single 17-Year-Old Female Single 17-Year-Old Male
Allstate $8,603 $9,962
Farmers $9,353 $9,619
GEICO $7,583 $10,447
Nationwide $6,271 $7,955
Progressive $7,158 $8,071
State Farm $4,197 $5,284
USAA $3,641 $4,122

Cheapest Folsom, NM Car Insurance for Seniors

Take a look at Folsom, 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 Folsom, New Mexico

Insurance Company Married 60-Year-Old Female Married 60-Year-Old Male
Allstate $2,371 $2,495
Farmers $2,081 $2,214
GEICO $2,511 $2,511
Nationwide $2,338 $2,465
Progressive $1,593 $1,604
State Farm $1,404 $1,404
USAA $1,372 $1,376

Cheapest Folsom, NM Car Insurance Rates After a DUI

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

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

Insurance Company Annual Car Insurance Rates With a DUI
Allstate $5,039
Farmers $4,411
GEICO $8,009
Nationwide $5,178
Progressive $3,065
State Farm $2,429
USAA $2,897

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Cheapest Folsom, NM Car Insurance Rates by Commute Length

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

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

Insurance Company 10 Mile Commute, 6,000 Annual Mileage 25 Mile Commute, 12,000 Annual Mileage
Allstate $4,333 $4,333
Farmers $4,155 $4,155
GEICO $4,201 $4,331
Nationwide $3,788 $3,788
Progressive $3,288 $3,288
State Farm $2,321 $2,441
USAA $2,073 $2,201

The Best Cheap Car Insurance Companies in Folsom, NM

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

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

Insurance Company Average Annual Rates
Allstate $4,333
Farmers $4,155
GEICO $4,266
Nationwide $3,788
Progressive $3,288
State Farm $2,381
USAA $2,137

Category Winners: Cheapest Car Insurance in Folsom, New Mexico

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

Best Annual Car Insurance Rates by Company in Folsom, 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 Folsom, NM Car Insurance Rates by Coverage Level

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

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

Insurance Company Low Medium High
Allstate $4,174 $4,326 $4,499
Farmers $3,813 $4,121 $4,532
GEICO $3,990 $4,256 $4,552
Nationwide $3,799 $3,746 $3,819
Progressive $3,160 $3,288 $3,417
State Farm $2,180 $2,389 $2,574
USAA $1,995 $2,146 $2,271

Compare Car Insurance Quotes in Folsom, NM

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

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