Best Cheap Auto Insurance in Folsom, NM (2021)

The average Folsom, NM auto insurance rates are $290 per month. The minimum auto insurance in Folsom is at least 25/50/10 in coverage to comply with New Mexico auto insurance laws. To find the best cheap auto insurance in Folsom, New Mexico, compare quotes from multiple companies.

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Mathew B. Sims is Editor-in-Chief and has authored, edited, and contributed to several books. He has been working in the insurance industry ensuring content is accurate for consumers who are searching for the best policies and rates. He has also been featured on sites like UpJourney.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years (BBB A+). He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. He reviews content, ensuring that ex...

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: May 17, 2021

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Things to Remember

  • The most expensive auto insurance company in Folsom for teen drivers is Farmers
  • Average auto insurance rates in Folsom, NM for senior drivers are $1,981 per year
  • The minimum auto insurance required in Folsom, New Mexico is 25/50/10

Folsom, New Mexico auto insurance requirements are 25/50/10 according to New Mexico auto insurance laws. Finding cheap auto insurance in Folsom can seem like a difficult task, but all of the information you need is right here. We’ll cover factors that affect auto insurance rates in Folsom, New Mexico, including driving record, credit, commute time, and more.

Compare auto insurance in Folsom to other New Mexico cities, including Rio Rancho auto insurance rates, Roswell auto insurance rates, and Santa Fe auto insurance rates to see how Folsom, New Mexico auto insurance rates stack up.

Before you buy Folsom, New Mexico auto insurance, make sure you have compared rates from multiple companies. Enter your ZIP code above to get free Folsom, New Mexico auto insurance quotes.

Minimum Auto Insurance in Folsom, New Mexico

Folsom, New Mexico auto insurance laws require that you have at least the New Mexico minimum auto insurance to be financially responsible in the event of an accident. Take a look at the required auto insurance in Folsom, New Mexico.

Minimum Required Auto Insurance Coverage in Folsom, 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

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Cheap Folsom, New Mexico Auto Insurance by Age, Gender, and Marital Status

Auto insurance rates in Folsom, New Mexico are affected by age, gender, and marital status. See how demographics impact the annual cost of insurance.

Annual Auto Insurance Rates by Age, Gender, and Marital Status in Folsom, 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 $2,604 $2,625 $2,371 $2,495 $8,603 $9,962 $2,905 $3,099
Farmers $2,324 $2,315 $2,081 $2,214 $9,353 $9,619 $2,621 $2,716
GEICO $2,666 $2,742 $2,511 $2,511 $7,583 $10,447 $2,811 $2,858
Nationwide $2,586 $2,638 $2,338 $2,465 $6,271 $7,955 $2,917 $3,135
Progressive $1,771 $1,721 $1,593 $1,604 $7,158 $8,071 $2,153 $2,236
State Farm $1,552 $1,552 $1,404 $1,404 $4,197 $5,284 $1,738 $1,919
USAA $1,445 $1,444 $1,372 $1,376 $3,641 $4,122 $1,781 $1,915

Cheap Folsom, New Mexico Auto Insurance for Teen Drivers

Finding cheap teen auto insurance in Folsom, New Mexico is a challenge. Take a look at the annual teen auto insurance rates in Folsom, New Mexico.

Annual Auto Insurance Rates for Teen Drivers in Folsom, New Mexico

Insurance Company Single 17-Year-Old Female Single 17-Year-Old Male
Allstate $8,603 $9,962
Farmers $9,353 $9,619
GEICO $7,583 $10,447
Nationwide $6,271 $7,955
Progressive $7,158 $8,071
State Farm $4,197 $5,284
USAA $3,641 $4,122

Cheap Folsom, New Mexico Auto Insurance for Seniors

What are senior auto insurance rates in Folsom, New Mexico? Take a look at the annual average rates for older drivers.

Annual Auto Insurance Rates for Senior Drivers in Folsom, New Mexico

Insurance Company Married 60-Year-Old Female Married 60-Year-Old Male
Allstate $2,371 $2,495
Farmers $2,081 $2,214
GEICO $2,511 $2,511
Nationwide $2,338 $2,465
Progressive $1,593 $1,604
State Farm $1,404 $1,404
USAA $1,372 $1,376

Cheap Folsom, New Mexico Auto Insurance By Driving Record

Driving record has a big impact on your auto insurance rates. See the annual auto insurance rates for a bad record in Folsom, New Mexico compared to the annual auto insurance rates with a clean record in Folsom, New Mexico.

Annual Folsom, New Mexico Auto Insurance Rates by Driving Record

Group Clean Record With 1 Accident With 1 DUI With 1 Speeding Violation
Allstate $3,576 $4,691 $5,039 $4,026
Farmers $3,510 $4,518 $4,411 $4,183
GEICO $2,511 $4,034 $8,009 $2,511
Nationwide $2,805 $3,976 $5,178 $3,193
Progressive $2,845 $3,879 $3,065 $3,365
State Farm $2,237 $2,429 $2,429 $2,429
USAA $1,594 $2,204 $2,897 $1,854

Cheap Folsom, New Mexico Auto Insurance Rates After a DUI

Finding cheap auto insurance after a DUI in Folsom, New Mexico is not easy. Compare the annual rates for DUI auto insurance in Folsom, New Mexico to find the best deal.

Annual Auto Insurance Rates After a DUI in Folsom, New Mexico

Insurance Company Annual Auto Insurance Rates With a DUI
Allstate $5,039
Farmers $4,411
GEICO $8,009
Nationwide $5,178
Progressive $3,065
State Farm $2,429
USAA $2,897

Cheap Folsom, New Mexico Auto Insurance By Credit History

Credit history can have a major effect on the cost of auto insurance. See how Folsom, New Mexico annual auto insurance rates by credit history compare.

Annual Auto Insurance Rates by Credit Score in Folsom, New Mexico

Insurance Company Poor Fair Good
Allstate $5,043 $4,153 $3,803
Farmers $4,767 $3,946 $3,753
GEICO $4,787 $4,162 $3,849
Nationwide $4,644 $3,597 $3,123
Progressive $3,616 $3,214 $3,035
State Farm $3,406 $2,089 $1,648
USAA $2,680 $2,000 $1,731

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Cheap Folsom, New Mexico Auto Insurance Rates By ZIP Code

Auto insurance rates by ZIP code in Folsom, New Mexico can vary. Compare the annual cost of auto insurance by ZIP code in Folsom, New Mexico to see how car insurance rates are affected by location.

Annual Auto Insurance Rates by ZIP Code in Folsom, New Mexico

ZIP Code Average Annual Rates
88419 $3,661

Cheap Folsom, New Mexico Auto Insurance Rates By Commute

Commute length and annual mileage affect Folsom, New Mexico auto insurance. Find the cheapest annual Folsom, New Mexico auto insurance by commute length.

Annual Auto Insurance Rates by Commute Length in Folsom, New Mexico

Insurance Company 10 Mile Commute, 6000 Annual Mileage 25 Mile Commute, 12000 Annual Mileage
Allstate $4,333 $4,333
Farmers $4,155 $4,155
GEICO $4,201 $4,331
Nationwide $3,788 $3,788
Progressive $3,288 $3,288
State Farm $2,321 $2,441
USAA $2,073 $2,201

Cheap Folsom, New Mexico Auto Insurance Rates By Coverage Level

How much does the coverage level you select affect the cost of your auto insurance in Folsom, New Mexico? Check out the comparison of annual Folsom, New Mexico auto insurance rates by coverage level.

Annual Auto Insurance Rates by Coverage Level in Folsom, New Mexico

Insurance Company Low Medium High
Allstate $4,174 $4,326 $4,499
Farmers $3,813 $4,121 $4,532
GEICO $3,990 $4,256 $4,552
Nationwide $3,799 $3,746 $3,819
Progressive $3,160 $3,288 $3,417
State Farm $2,180 $2,389 $2,574
USAA $1,995 $2,146 $2,271

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Best By Category: Cheapest Auto Insurance in Folsom, New Mexico

Compare the cheapest auto insurance companies in Folsom, New Mexico in each category to find the company with the best rates for your personal needs.

Best Annual Auto Insurance Rates by Company in Folsom, New Mexico

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

The Cheapest Folsom, New Mexico Auto Insurance Companies

What auto insurance companies in Folsom, New Mexico are the cheapest? Compare the top Folsom, New Mexico auto insurance companies to find the best annual rates.

Average Annual Auto Insurance Rates by Company in Folsom, New Mexico

Insurance Company Average Annual Rates
Allstate $4,333
Farmers $4,155
GEICO $4,266
Nationwide $3,788
Progressive $3,288
State Farm $2,381
USAA $2,137

Compare Folsom, New Mexico Auto Insurance Quotes

Before you buy Folsom, New Mexico auto insurance, make sure you have compared rates from multiple companies. Enter your ZIP code below to get free Folsom, New Mexico auto insurance quotes.

Free Auto Insurance Comparison

Enter your ZIP code below to view companies that have cheap auto insurance rates.

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