Compare Salem, NM Car Insurance Rates (2021)

Car insurance in Salem, NM averages $255 a month. Salem, New Mexico car insurance requirements are 25/50/10, but you might need full coverage insurance if your car is financed. To find cheap Salem car insurance rates, compare quotes from the top car insurance companies in Salem, NM.

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Zaneta Wood, Ed.S. has over 15 years of experience in research and technical writing bringing a keen understanding of data analysis and information synthesis to reach a wide variety of audiences. She studied adult education and instructional technology at Appalachian State University as well as technical and professional communication at East Carolina University. Zaneta has prepared technical p...

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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

  • The cheapest car insurance company in Salem for teen drivers is USAA
  • Average car insurance rates in Salem, NM after a DUI are $3,914/year
  • The cheapest car insurance company in Salem is USAA

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

You’ll find Salem car insurance rates, the cheapest Salem, NM car insurance companies, and information on New Mexico car insurance laws. You can also compare Salem, New Mexico car insurance rates to Farmington car insurance rates, Santa Fe car insurance rates, and Roswell car insurance rates.

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

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

How do age, gender, and marital status affect Salem, NM car insurance rates? Every Salem, 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 Salem, 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 $2,352 $2,368 $2,144 $2,257 $7,693 $8,879 $2,619 $2,778
Farmers $2,110 $2,103 $1,889 $2,015 $8,553 $8,794 $2,369 $2,444
GEICO $2,412 $2,478 $2,269 $2,269 $7,018 $9,580 $2,537 $2,540
Nationwide $2,091 $2,126 $1,903 $1,997 $4,957 $6,243 $2,349 $2,514
Progressive $1,409 $1,366 $1,277 $1,282 $5,671 $6,386 $1,701 $1,761
State Farm $1,381 $1,381 $1,260 $1,260 $3,792 $4,769 $1,548 $1,700
USAA $1,429 $1,416 $1,370 $1,363 $3,675 $4,144 $1,756 $1,875

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Minimum Car Insurance in Salem, NM

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

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

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

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

Insurance Company Poor Fair Good
Allstate $4,518 $3,728 $3,413
Farmers $4,344 $3,593 $3,417
GEICO $4,357 $3,795 $3,512
Nationwide $3,700 $2,873 $2,495
Progressive $2,860 $2,549 $2,411
State Farm $3,049 $1,876 $1,484
USAA $2,656 $1,996 $1,734

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

Annual Salem, New Mexico Car Insurance Rates by Driving Record

Group Clean Record With 1 Accident With 1 DUI With 1 Speeding Violation
Allstate $3,219 $4,218 $4,496 $3,612
Farmers $3,199 $4,117 $4,022 $3,801
GEICO $2,295 $3,678 $7,283 $2,295
Nationwide $2,269 $3,173 $4,082 $2,566
Progressive $2,260 $3,072 $2,431 $2,663
State Farm $2,004 $2,181 $2,181 $2,181
USAA $1,578 $2,195 $2,905 $1,837

Cheapest Salem, NM Car Insurance for Teen Drivers

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

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

Insurance Company Single 17-Year-Old Female Single 17-Year-Old Male
Allstate $7,693 $8,879
Farmers $8,553 $8,794
GEICO $7,018 $9,580
Nationwide $4,957 $6,243
Progressive $5,671 $6,386
State Farm $3,792 $4,769
USAA $3,675 $4,144

Cheapest Salem, NM Car Insurance for Seniors

Take a look at Salem, 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 Salem, New Mexico

Insurance Company Married 60-Year-Old Female Married 60-Year-Old Male
Allstate $2,144 $2,257
Farmers $1,889 $2,015
GEICO $2,269 $2,269
Nationwide $1,903 $1,997
Progressive $1,277 $1,282
State Farm $1,260 $1,260
USAA $1,370 $1,363

Cheapest Salem, NM Car Insurance Rates After a DUI

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

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

Insurance Company Annual Car Insurance Rates With a DUI
Allstate $4,496
Farmers $4,022
GEICO $7,283
Nationwide $4,082
Progressive $2,431
State Farm $2,181
USAA $2,905

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Cheapest Salem, NM Car Insurance Rates by Commute Length

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

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

Insurance Company 10 Mile Commute, 6,000 Annual Mileage 25 Mile Commute, 12,000 Annual Mileage
Allstate $3,886 $3,886
Farmers $3,785 $3,785
GEICO $3,828 $3,948
Nationwide $3,023 $3,023
Progressive $2,607 $2,607
State Farm $2,082 $2,191
USAA $2,065 $2,192

The Best Cheap Car Insurance Companies in Salem, NM

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

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

Insurance Company Average Annual Rates
Allstate $3,886
Farmers $3,785
GEICO $3,888
Nationwide $3,023
Progressive $2,607
State Farm $2,136
USAA $2,129

Category Winners: Cheapest Car Insurance in Salem, New Mexico

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

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

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

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

Insurance Company Low Medium High
Allstate $3,727 $3,879 $4,052
Farmers $3,444 $3,748 $4,162
GEICO $3,606 $3,879 $4,179
Nationwide $2,967 $2,989 $3,112
Progressive $2,494 $2,606 $2,720
State Farm $1,936 $2,144 $2,329
USAA $1,967 $2,139 $2,280

What affects car insurance rates in Salem, New Mexico?

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

Traffic in Salem

Traffic and commute times go hand in hand, with more traffic meaning more time on the road. Salem, NM traffic data from INRIX ranks Salem as the 737th-most congested in the world.

Compare Car Insurance Quotes in Salem, NM

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

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