Compare Socorro, NM Car Insurance Rates (2021)

Car insurance in Socorro, NM averages $277 a month. Socorro, New Mexico car insurance requirements are 25/50/10, but you might need full coverage insurance if your car is financed. To find cheap Socorro car insurance rates, compare quotes from the top car insurance companies in Socorro, 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

  • Average car insurance rates in Socorro, NM after a DUI are $4,236/year
  • Average car insurance rates in Socorro, NM are $3,319/year
  • The cheapest car insurance company in Socorro for teen drivers is State Farm

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

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

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

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

How do age, gender, and marital status affect Socorro, NM car insurance rates? Every Socorro, 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 Socorro, 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 $2,531 $2,550 $2,307 $2,428 $8,358 $9,669 $2,821 $3,003
Farmers $2,545 $2,540 $2,283 $2,430 $10,118 $10,399 $2,862 $2,965
GEICO $2,666 $2,742 $2,511 $2,511 $7,583 $10,447 $2,811 $2,858
Nationwide $2,197 $2,236 $1,997 $2,097 $5,254 $6,626 $2,473 $2,648
Progressive $1,691 $1,658 $1,509 $1,528 $6,470 $7,288 $2,055 $2,140
State Farm $1,251 $1,251 $1,130 $1,130 $3,285 $4,127 $1,396 $1,543
USAA $1,435 $1,435 $1,362 $1,367 $3,607 $4,084 $1,769 $1,902

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Minimum Car Insurance in Socorro, NM

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

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

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

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

Insurance Company Poor Fair Good
Allstate $4,895 $4,035 $3,695
Farmers $5,196 $4,284 $4,074
GEICO $4,787 $4,162 $3,849
Nationwide $3,907 $3,033 $2,633
Progressive $3,365 $2,970 $2,792
State Farm $2,688 $1,661 $1,318
USAA $2,659 $1,984 $1,717

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

Annual Socorro, New Mexico Car Insurance Rates by Driving Record

Group Clean Record With 1 Accident With 1 DUI With 1 Speeding Violation
Allstate $3,476 $4,561 $4,887 $3,910
Farmers $3,820 $4,909 $4,795 $4,548
GEICO $2,511 $4,034 $8,009 $2,511
Nationwide $2,389 $3,349 $4,321 $2,705
Progressive $2,643 $3,562 $2,843 $3,122
State Farm $1,779 $1,926 $1,926 $1,926
USAA $1,581 $2,186 $2,874 $1,838

Cheapest Socorro, NM Car Insurance for Teen Drivers

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

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

Insurance Company Single 17-Year-Old Female Single 17-Year-Old Male
Allstate $8,358 $9,669
Farmers $10,118 $10,399
GEICO $7,583 $10,447
Nationwide $5,254 $6,626
Progressive $6,470 $7,288
State Farm $3,285 $4,127
USAA $3,607 $4,084

Cheapest Socorro, NM Car Insurance for Seniors

Take a look at Socorro, 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 Socorro, New Mexico

Insurance Company Married 60-Year-Old Female Married 60-Year-Old Male
Allstate $2,307 $2,428
Farmers $2,283 $2,430
GEICO $2,511 $2,511
Nationwide $1,997 $2,097
Progressive $1,509 $1,528
State Farm $1,130 $1,130
USAA $1,362 $1,367

Cheapest Socorro, NM Car Insurance Rates After a DUI

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

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

Insurance Company Annual Car Insurance Rates With a DUI
Allstate $4,887
Farmers $4,795
GEICO $8,009
Nationwide $4,321
Progressive $2,843
State Farm $1,926
USAA $2,874

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Cheapest Socorro, NM Car Insurance Rates by Commute Length

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

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

Insurance Company 10 Mile Commute, 6,000 Annual Mileage 25 Mile Commute, 12,000 Annual Mileage
Allstate $4,208 $4,208
Farmers $4,518 $4,518
GEICO $4,201 $4,331
Nationwide $3,191 $3,191
Progressive $3,042 $3,042
State Farm $1,843 $1,935
USAA $2,056 $2,183

The Best Cheap Car Insurance Companies in Socorro, NM

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

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

Insurance Company Average Annual Rates
Allstate $4,208
Farmers $4,518
GEICO $4,266
Nationwide $3,191
Progressive $3,042
State Farm $1,889
USAA $2,120

Category Winners: Cheapest Car Insurance in Socorro, New Mexico

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

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

Category Insurance Company
Teenagers State Farm
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 Socorro, NM Car Insurance Rates by Coverage Level

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

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

Insurance Company Low Medium High
Allstate $4,049 $4,201 $4,374
Farmers $4,129 $4,474 $4,950
GEICO $3,990 $4,256 $4,552
Nationwide $3,150 $3,155 $3,268
Progressive $2,925 $3,041 $3,161
State Farm $1,729 $1,894 $2,044
USAA $1,978 $2,128 $2,253

What affects car insurance rates in Socorro, New Mexico?

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

Car Theft in Socorro

High levels of vehicle theft can make car insurance more expensive. Socorro, NM car theft statistics from the FBI indicate 32 vehicle thefts a year.

Compare Car Insurance Quotes in Socorro, NM

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

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