Compare Lake Arthur, NM Car Insurance Rates (2021)

Car insurance in Lake Arthur, NM averages $294 a month. Lake Arthur, New Mexico car insurance requirements are 25/50/10, but you might need full coverage insurance if your car is financed. To find cheap Lake Arthur car insurance rates, compare quotes from the top car insurance companies in Lake Arthur, 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 Lake Arthur, NM after a DUI are $4,493/year
  • Average car insurance rates in Lake Arthur, NM are $3,524/year
  • The cheapest car insurance company in Lake Arthur is State Farm

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

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

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

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

How do age, gender, and marital status affect Lake Arthur, NM car insurance rates? Every Lake Arthur, 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 Lake Arthur, 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 $2,629 $2,670 $2,362 $2,495 $8,143 $9,314 $2,978 $3,173
Farmers $2,551 $2,543 $2,289 $2,422 $9,860 $10,149 $2,873 $2,992
GEICO $2,824 $2,906 $2,668 $2,668 $7,777 $10,704 $2,963 $3,046
Nationwide $2,556 $2,602 $2,315 $2,436 $6,186 $7,837 $2,885 $3,098
Progressive $1,696 $1,645 $1,528 $1,536 $6,898 $7,786 $2,060 $2,139
State Farm $1,513 $1,513 $1,368 $1,368 $4,090 $5,143 $1,694 $1,877
USAA $1,548 $1,536 $1,480 $1,475 $4,040 $4,563 $1,914 $2,048

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Minimum Car Insurance in Lake Arthur, NM

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

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

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

Annual Car Insurance Rates by Credit Score in Lake Arthur, New Mexico

Insurance Company Poor Fair Good
Allstate $4,919 $4,042 $3,701
Farmers $5,123 $4,231 $4,026
GEICO $4,997 $4,333 $4,004
Nationwide $4,575 $3,553 $3,090
Progressive $3,473 $3,090 $2,920
State Farm $3,318 $2,037 $1,608
USAA $2,906 $2,179 $1,891

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

Annual Lake Arthur, New Mexico Car Insurance Rates by Driving Record

Group Clean Record With 1 Accident With 1 DUI With 1 Speeding Violation
Allstate $3,542 $4,585 $4,820 $3,935
Farmers $3,775 $4,840 $4,724 $4,500
GEICO $2,626 $4,205 $8,321 $2,626
Nationwide $2,773 $3,925 $5,105 $3,154
Progressive $2,734 $3,732 $2,945 $3,233
State Farm $2,181 $2,367 $2,367 $2,367
USAA $1,725 $2,401 $3,166 $2,009

Cheapest Lake Arthur, NM Car Insurance for Teen Drivers

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

Annual Car Insurance Rates for Teen Drivers in Lake Arthur, New Mexico

Insurance Company Single 17-Year-Old Female Single 17-Year-Old Male
Allstate $8,143 $9,314
Farmers $9,860 $10,149
GEICO $7,777 $10,704
Nationwide $6,186 $7,837
Progressive $6,898 $7,786
State Farm $4,090 $5,143
USAA $4,040 $4,563

Cheapest Lake Arthur, NM Car Insurance for Seniors

Take a look at Lake Arthur, 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 Lake Arthur, New Mexico

Insurance Company Married 60-Year-Old Female Married 60-Year-Old Male
Allstate $2,362 $2,495
Farmers $2,289 $2,422
GEICO $2,668 $2,668
Nationwide $2,315 $2,436
Progressive $1,528 $1,536
State Farm $1,368 $1,368
USAA $1,480 $1,475

Cheapest Lake Arthur, NM Car Insurance Rates After a DUI

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

Annual Car Insurance Rates After a DUI in Lake Arthur, New Mexico

Insurance Company Annual Car Insurance Rates With a DUI
Allstate $4,820
Farmers $4,724
GEICO $8,321
Nationwide $5,105
Progressive $2,945
State Farm $2,367
USAA $3,166

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Cheapest Lake Arthur, NM Car Insurance Rates by Commute Length

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

Annual Car Insurance Rates by Commute Length in Lake Arthur, New Mexico

Insurance Company 10 Mile Commute, 6,000 Annual Mileage 25 Mile Commute, 12,000 Annual Mileage
Allstate $4,221 $4,221
Farmers $4,460 $4,460
GEICO $4,378 $4,511
Nationwide $3,739 $3,739
Progressive $3,161 $3,161
State Farm $2,263 $2,378
USAA $2,256 $2,395

The Best Cheap Car Insurance Companies in Lake Arthur, NM

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

Average Annual Car Insurance Rates by Company in Lake Arthur, New Mexico

Insurance Company Average Annual Rates
Allstate $4,221
Farmers $4,460
GEICO $4,444
Nationwide $3,739
Progressive $3,161
State Farm $2,321
USAA $2,325

Category Winners: Cheapest Car Insurance in Lake Arthur, New Mexico

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

Best Annual Car Insurance Rates by Company in Lake Arthur, New Mexico

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

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Cheapest Lake Arthur, NM Car Insurance Rates by Coverage Level

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

Annual Car Insurance Rates by Coverage Level in Lake Arthur, New Mexico

Insurance Company Low Medium High
Allstate $4,062 $4,214 $4,387
Farmers $4,134 $4,431 $4,816
GEICO $4,154 $4,433 $4,747
Nationwide $3,704 $3,712 $3,802
Progressive $3,036 $3,161 $3,286
State Farm $2,130 $2,328 $2,505
USAA $2,154 $2,337 $2,485

What affects car insurance rates in Lake Arthur, New Mexico?

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

Commute Time in Lake Arthur

The more time you spend in your car the higher the risk of an accident. The average commute length in Lake Arthur, NM is 23.7 minutes according to City-Data.

Compare Car Insurance Quotes in Lake Arthur, NM

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

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