Top 10 New Mexico Car Insurance Companies
If you want to buy car insurance in New Mexico, then you first need to do a little research and check the minimum coverage requirements. You can try our FREE ZIP code search tool to find quotes from multiple car insurance companies!
New Mexico is a tort state, which means that those who are found to be at fault for causing a car accident are held responsible for the damages sustained. All drivers are required to have at least $25,000 bodily injury liability coverage per person per accident and $10,000 in property damage.
The average cost of New Mexico car insurance coverage in 2011 was $678.00. Drivers who live in Albuquerque–one of the major cities in New Mexico–pay approximately $1,815.89 on car insurance. Premiums may also differ from one insurance company to the next.
However, you should not base your decision solely on price. Consider the amount of coverage provided, as well the insurer’s reputation and financial background. Here are the best rated auto insurance companies in New Mexico:
1. Fred Loya Insurance
Established in 1974, Fred Loya Insurance is one of the largest Hispanic top 500 owned and operated companies in the US. This insurance provider has regional offices in California, Colorado, New Mexico, and Texas. The company currently has over half a million customers with more than 360,000 policies.
The company specializes in liability coverage, medical payments coverage, personal injury protection coverage, and uninsured/underinsured motorist coverage. If you want to get free auto insurance quotes from Fred Loya, visit the company’s website and enter the information required.
2. Garber Atlas Fries & Associates, Inc. (GAF)
With over 30 years of experience, Garber Atlas Fries & Associates is an independent insurance provider with a strong financial background. The company offers premium insurance products to protect all of your hard earned assets.
Customers can purchase business insurance, health insurance, life insurance, auto insurance, and identity theft coverage.
If you buy car insurance from GAF, you will be able to make online check and credit card payments through the company’s website. You can also read articles and tips on how to become a better driver and qualify for car insurance discounts.
With GAF, you can insure personal vehicles, SUVs, and trucks.
3. Farm Bureau Financial Services
Farm Bureau has been selling insurance and investment products for over 70 years. With over 4,000 field associates and 1,600 employees, Farm Bureau is one of the most trusted car insurers in New Mexico. The company has an A (Excellent) rating from A.M. Best and an A- (Strong) raying from Standard & Poor’s.
Customers can choose from different types of personal vehicle insurance, including bodily injury liability, property damage liability, collision coverage, comprehensive car insurance coverage, no-fault coverage, replacement cost coverage, and auto death indemnity coverage.
All policies include trailers, toppers, and slide-in campers as extensions of the insured vehicle. Farm Bureau provides good student discounts, multiple policy discounts, and low mileage discounts.
4. Route 66 Insurance
Customers can purchase commercial and personal insurance, including car insurance, homeowners insurance, renters insurance, and health coverage.
The company provides free auto insurance quotes through its website.
This top insurance provider sells liability coverage, property coverage, and medical expenses coverage. Drivers can also buy coverage for recreational vehicles.
5. Western States Insurance Group
Western States is one of the main insurance providers in New Mexico. The company specializes in personal and commercial insurance, offering custom-tailored policies to protect your family, car, home, company vehicles, and other possessions.
Drivers can choose from different types of car insurance such as comprehensive coverage, collision coverage, liability insurance, towing and labor insurance, and uninsured/underinsured motorist protection coverage.
This insurance provider offers discounts to those who join certain groups or associations. Car owners who buy coverage for multiple vehicles get lower rates. If you insure both your home and your car with Western States, you will receive a special discount.
6. Associated Insurance Professionals
From auto insurance to life insurance, homeowners insurance, and workers compensation insurance, Associated Insurance Professionals offers different types of policies at competitive rates. With over 35 years of experience, the company operates in California, Colorado, Arizona, New Mexico, Nevada, and Los Angeles.
Associated Insurance Professionals represents over 40 different car insurance companies. Customers can get free auto insurance quotes online or by phone. The company sells commercial car insurance as well.
Policy holders can opt for liability coverage, personal injury protection coverage, comprehensive coverage, and “borrowed car” coverage.
7. George Gandy Insurance
George Gandy is an independent insurance company that operates in New Mexico. Established in 1990, George Gandy sells insurance policies from trusted companies like Victoria and Safeco. The company offers personal insurance for your car, home, boat, motorcycle, and recreational vehicles. Customers can purchase business car insurance policies too.
This auto insurance provider specializes in comprehensive coverage, liability coverage, medical coverage, and uninsured/underinsured motorist protection coverage.
8. Liberty Mutual
Liberty Mutual, one of the largest insurance providers in the United States, has been offering competitively-priced insurance products since 1912. The company has received an A (Excellent) rating from A.M. Best. New Mexico drivers who insure their cars with Liberty Mutual can opt for liability coverage, medical payment coverage, comprehensive coverage, and personal injury protection coverage.
The company’s website features quote comparison tools and practical tips on choosing the best car insurance plan. Customers can pay their bills and make policy changes online. Liberty Mutual has special programs for young drivers and seniors.
9. State Farm
Founded in 1922, State Farm has over 18,000 insurance agents and 68,000 employees. This industry leading company sells auto, home, and life insurance. The auto insurance policies offered by State Farm are designed to help financially cover any damages or injuries that may occur in the event of a car accident.
If you register online, you will be able to view policy information, update coverage, and pay your bills online. Customers can also file and track claims through the company’s website.
With over 90 million customers, MetLife is one of the most diversified international insurers in the world. The company has been selling car, home, life, dental, and disability insurance products for over 140 years. MetLife has earned an A+ rating from A.M. Best and an Aa3 rating from Moody’s.
This affordable auto insurance company provides customers with safe driver discounts, credits, and special offers.
Policy holders who buy car insurance and life insurance or annuity products from MetLife can save up to five percent on coverage.
As a customer, you will receive numerous benefits such as transportation coverage, towing and roadside assistance coverage, and enhanced rental car damage coverage
Choosing a reliable insurance provider with a good reputation should be your main priority. If you live in New Mexico, you know that rates may vary by hundreds of dollars from one insurer to another. Find out if you can save today with a FREE quote comparison!
Do your homework, research the best car insurance companies and compare multiple quotes online. Apply for the discounts that are being offered and choose a policy that fits your specific needs. Find exactly the coverage you’re looking for with our FREE ZIP code search tool!