Cheapest Auto Insurance in Hobbs, New Mexico (2025)
The General offers the cheapest car insurance in Hobbs, with minimum-coverage policies as low as $66 per month.
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The average monthly cost of car insurance in Hobb is $116 per month, which is slightly above the state average of $103. Rates in New Mexico may be higher because 21% of New Mexico drivers are uninsured, raising the state’s total insurance costs.1
Fortunately, the average auto insurance rate in Hobbs still falls below the national average of $140. Here’s what you should know about the things affecting your auto insurance rates in Hobbs, as well as strategies you can use to reduce your insurance costs as much as possible.
Quick Facts
Full-coverage car insurance costs an average of $159 per month in Hobbs, while liability-only coverage costs $73 per month.
The General, National General, and Bristol West are the cheapest car insurance companies in Hobbs.
Hobbs drivers pay an average annual rate of $1,910 for a full-coverage policy.
3 of the cheapest car insurance companies in Hobbs
Several factors determine your auto insurance premium, including your driving history, demographics, ZIP code, and coverage limits. The best way to find cheap car insurance is to shop around and compare premiums from different insurers.
The following table outlines the three cheapest car insurance companies in Hobbs, as well as their statewide average rates for full-coverage and liability-only policies.
Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.
We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.
- Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
- Customer satisfaction: To calculate this score, Insurify analyzed more than 55,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
- Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
- Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
- Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.
Best insurer for teen drivers: State Farm
Best insurer for military members: USAA
Best insurer for discounts: GEICO
How to get the cheapest car insurance in Hobbs
Here are some steps you can take to find the cheapest rates on car insurance in Hobbs:
Raise your deductible. Your deductible is the out-of-pocket expense you’ll pay when you file an insurance claim. Raising your deductible could help lower your monthly insurance premiums.
Bundle your insurance. Most insurance companies will give you a discount for buying multiple policies from them. For example, you could save by bundling your auto and life insurance or by purchasing insurance policies for multiple vehicles.
Take advantage of low-mileage discounts. If you spend very little time on the road, you could save by taking advantage of low-mileage discounts.
Lower your coverage. If you have an older vehicle that’s paid off, you could save by eliminating any unnecessary insurance coverage. For example, choosing liability-only coverage will lower your monthly premiums.
Shop around. Apply for car insurance quotes from at least three different insurance companies. Shopping around will help you find the lowest rates and best coverage for your situation.
Cheapest liability-only car insurance in Hobbs: The General
Liability-only insurance meets the minimum amount of coverage required to drive in New Mexico. If you’re at fault in an accident, liability coverage will pay for damages to the other party’s vehicle and cover their medical costs. However, you’ll be responsible for paying for your own car repairs and medical costs.
The average rate for liability-only insurance in Hobbs is $73 per month, and here you can see how quotes compare from leading insurers.
Cheapest full-coverage car insurance in Hobbs: Root
Full-coverage auto insurance includes liability, comprehensive, and collision insurance. Unlike liability insurance, full coverage pays for your vehicle repairs.
The average rate for full-coverage car insurance in Hobbs is $159 per month, and you can see how quotes from top insurers compare here.
Car insurance requirements in New Mexico
Like most states, New Mexico requires drivers to meet minimum insurance requirements. If you don’t meet the following requirements, you risk having your vehicle registration suspended.
The minimum requirements in New Mexico are as follows:4
If liability coverage alone isn’t robust enough for you, you can enhance your insurance with any of the following coverages:
Cheapest car insurance for drivers with an incident
If you’re caught speeding or driving under the influence, or if you cause an at-fault accident, you can expect your insurance rates to go up. This is because such incidents cause your insurance company to see you as a higher risk.
Your insurer will increase your premiums to compensate for this risk. These increased rates can stay on your premium for up to three years following the claim.5
The average rate for liability-only insurance in Hobbs with a clean driving record is $73 per month. The average rates for coverage with a speeding ticket, DUI, and at-fault accident are $82, $95, and $93, respectively.
The following table outlines what drivers with a clean record can expect to pay for insurance in Hobbs compared to drivers with a history of speeding tickets, at-fault accidents, or DUIs.
Average cost of car insurance by age
Your age is one of the biggest factors influencing how much you pay for auto insurance. Car insurance rates begin to decrease around age 35 but increase again starting at age 70. Teen drivers pay the highest rates for car insurance due to their lack of experience behind the wheel. The following table outlines average car insurance quotes based on your age.
Disclaimer: Table data sourced from real-time quotes from Insurify's 500+ partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
Hobbs car insurance quotes by credit tier
New Mexico allows insurance companies to consider your credit history during the underwriting process. They do so because research has shown that drivers with good credit file fewer insurance claims. So drivers with excellent or good credit typically pay less for auto insurance than drivers with poor credit, everything else being equal.
Here’s what you can expect to pay for car insurance in Hobbs based on your credit tier.
Hobbs car insurance FAQs
Looking for more information to help you find the most affordable car insurance in Hobbs? Consult the answers to common questions below.
How much is car insurance in Hobbs?
The average rate for car insurance in Hobbs is $116 per month. More specifically, the average rate for liability-only coverage is $73, and the average rate for full coverage is $159.
Who has the cheapest car insurance in Hobbs?
The General offers the cheapest car insurance in Hobbs, at a rate of $66 per month. National General and Bristol West also offer affordable car insurance in the area, with rates of $68 and $74 per month, respectively.
What are the best car insurance companies in Hobbs?
State Farm, GEICO, and USAA are ranked as three of the top insurers in Hobbs. All offer competitive rates, and State Farm offers several benefits for teen drivers, who traditionally pay some of the highest rates. GEICO offers numerous discounts, and USAA remains a fixture for military members and their families.
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