In Farmington, drivers pay an average monthly rate of $121 for full coverage car insurance. This average monthly rate is a little higher than the state’s average of $118 and quite a bit lower than the national average of $140.
The state-required minimum liability car insurance in Farmington is $37 on average per month. This is higher than the state average of $32, but lower than the national average of $47.
New Mexico has one of the highest rates of uninsured drivers at 26%. Even though it is not required, drivers would be well advised to purchase uninsured motorist coverage (UIM). The protection is well worth the cheap price UIM will add to your monthly insurance bill.
Liability car insurance is the cheapest car insurance in New Mexico, but it will only provide bodily injury liability insurance and property damage liability insurance to the other parties involved in an accident you cause. If someone else causes an accident, their insurance (if they have any) will help you pay for your injuries and damages.
Checking into full coverage protection is a good idea, since it protects you for damage to your vehicle no matter who is at fault with collision car insurance and for other damages to your vehicle, such as fire, with comprehensive auto insurance.
There may be a disparity between average prices for car insurance from town to town in New Mexico. This is because insurers look at overall accident records, claim numbers and crime stats when making a decision on rates. Here are some rates for cities in New Mexico as comparison.