Cheapest Auto Insurance in Farmington, New Mexico (2025)

Located in northwestern New Mexico, in San Juan County and the Four Corners region, Farmington is known as a commercial hub for its area. The average monthly rate for car insurance in Farmington is $53 for liability only and $114 for full coverage.

Those rates are lower than the New Mexico state averages of $68 for liability and $144 for full coverage. The cheaper car insurance rates in Farmington could be due to its lower population density compared to other cities.

As you look for your own car insurance policy in Farmington, here’s what you need to know to find the lowest rates.

3 of the cheapest car insurance companies in Farmington

Since Farmington has many car insurance companies, it’s a good idea to shop around for the best deal. The right insurer for you will depend on your individual situation and coverage requirements. State Farm, USAA, and GEICO offer some of the best rates in Farmington, according to Insurify data.

Here’s a breakdown of each of these insurers and their statewide rates.

Best insurer for discounts: State Farm

Best insurer for military members: USAA

Best insurer for low rates: GEICO

How to get the cheapest car insurance in Farmington

The rate you pay for car insurance depends on several factors, including your age, ZIP code, driving record, the year, make, and model of your car, and more.

Though not every factor is in your control, here are a few ways you can reduce your insurance expense in Farmington:

• Compare quotes. Quotes can vary between companies since every insurer calculates rates slightly differently. Comparing quotes from different companies can help you find the best deal for you.

• Raise your deductible. One of the easiest ways to lower your car insurance premium is to raise your deductible. For example, if your deductible is $500, raising it to $1,000 might lower your bill. Keep in mind this may lead to higher out-of-pocket costs if you need to file a claim, so you should never set your deductible to a figure you can’t afford.

• Pay in advance. Many insurance companies offer a premium discount for paying your insurance in advance. If you can afford the up-front payment, it may be worth considering.

Cheapest liability-only car insurance in Farmington: National General

If you cause a car accident, liability-only car insurance can help cover the other driver’s costs. Liability insurance covers bodily injury and property damage-related claims, such as medical bills and vehicle repairs. Liability insurance doesn’t cover injuries or damage to you or your property.

The average monthly rate for liability car insurance in Farmington is $53, and here are some average rates offered by area insurers.

Cheapest full-coverage car insurance in Farmington: Progressive

For stronger protection, many drivers opt for full-coverage auto insurance. Full coverage typically includes comprehensive and collision coverage, which extends protection to you and your property in case of an accident.

Whether to purchase liability insurance or full coverage depends on your specific needs and budget. If you own a newer vehicle that would be expensive to repair or replace, full coverage might make sense.

The average rate for full-coverage car insurance in Farmington is $114, and here are some average rates offered by area insurers.

Car insurance requirements in New Mexico

New Mexico follows a traditional fault-based system when it comes to car accidents.3 This means the person determined to be at fault for an accident is financially responsible for the resulting losses.

Like most states, New Mexico requires drivers to have car insurance and sets specific minimum-coverage requirements. The minimum car insurance coverage requirements in New Mexico are listed below:4

While the figures above meet minimum state requirements, you may want to improve your protection with these additional optional coverages:

Cheapest car insurance for drivers with an incident

At-fault accidents, speeding tickets, driving under the influence, and other incidents that occur on the road can cause your car insurance to go up. Since insurance premiums are based on risk, being involved in an incident may cause insurers to view you as a higher risk and adjust rates accordingly. The amount your premium will go up after an incident depends on your specific insurance company and state laws.

In the table below, you can see how different incidents affect your rates in Farmington.

Average cost of car insurance by age

Age can have a significant effect on the price you pay for car insurance. Rates tend to decrease around age 35 and increase again around age 70. The higher costs for older drivers could be due to reduced faculties and the higher likelihood of increased medical bills in the event of a crash.

Teens pay the most for car insurance because statistics show they have higher crash rates than other age groups.5 Some companies, such as State Farm and Travelers, offer good student discounts and other ways to help manage car insurance costs for young adults.

Here are average monthly car insurance quotes for different age groups in Farmington.

Farmington car insurance quotes by credit tier

The state of New Mexico allows car insurance companies to consider a driver’s credit history when setting rates.

Since drivers with excellent or good credit scores are perceived as less risky to insure, they typically receive lower rates. On the other hand, insurers often view someone with a poor credit score as more of an insurance risk and offer them higher rates.

Here are the average monthly quotes for each credit tier in Farmington.