Santa Fe Car Insurance

How much does car insurance cost in Santa Fe, NM? Check out the average rates that drivers pay below.

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What Is the Average Cost of Car Insurance in Santa Fe?

Monthly Average Rates by Country, State, and City

Car insurance rates vary from driver to driver and are based on many factors that include driving history, claims history and where you live. Each city in New Mexico has different rates, and below, you can compare average rates with the national average. According to our data, drivers who live in Santa Fe typically pay around $121.80 per month compared to the national average of $167.23 per month. The best way to get a low rate is by comparison shopping. SmartFinancial can do that for you at no cost while pairing you with a reputable insurance company so you have no surprises if you have an accident.

AreaAverage Monthly Rate
National $167.23
New Mexico $127.68
Santa Fe, New Mexico $121.80

Santa Fe, NM Best Car Insurance Companies

car insurance in Santa Fe

Certain insurers will offer you better rates than others based on a myriad of factors, so you may get a better deal from one insurer over another for various reasons, and that’s why it’s important to compare. According to our data, USAA generally has the most affordable car insurance in Santa Fe coming in around $89.84 per month. Other companies to consider if you live in Santa Fe is State Farm with an average cost of $93.18 per month and Farm Bureau Mutual (IA Group) which typically runs around $107.83 per month. Check out the full list below. SmartFinancial rates the following insurers as the best insurance companies for drivers in Santa Fe.

RankCompanyAverage Monthly RateComparison State Average
1 USAA $89.84-29.63%
2 State Farm $93.18-27.02%
3 Farm Bureau Mutual (IA Group) $107.83-15.54%
4 Central Mutual Insurance Co $111.12-12.97%
5 Metropolitan $136.566.96%
6 Safeco $139.329.12%
7 Allied $144.1512.90%
8 Allstate $156.7822.79%
9 Farmers $163.5128.06%
10 Liberty Mutual $204.6460.28%

How Much is Car Insurance in Santa Fe, NM?

how much is auto insurance in Santa Fe

Rates can vary from city to city. The residents of Albuquerque typically pay $147.96 per month while people who live in Artesia will pay $124.26 per month on average. See what people pay for car insurance in other cities in New Mexico.

New Mexico CitiesMonthly Average Rate
Albuquerque $147.96
Farmington $106.95
Hobbs $130.19
Las Cruces $110.74
Los Alamos$90.91
Rio Rancho $134.66
Roswell $110.22
Santa Fe $121.80
Silver city$85.62

Cheap Car Insurance in Santa Fe by Zip Codes

find cheap auto insurance in Santa Fe

Every zip code rates differently with every insurer. Your zip code determines the crime rate in your area as well as other risks. Below, you can see how average rates range across the state of New Mexico. If you live in an area that is rated high in crime, you can make sure to garage your car in a safe place. That ought to save you some money. Covered and gated structures are best. Make sure to tell your insurance agent about the precautions you’re taking.

Santa Fe, NM ZIP CodeAverage Monthly Rate

Car Insurance Rates by Driver's Age Group in Santa Fe

Generally speaking, you pay more in car insurance the younger you are and the older you are. Teens and young adults often pay around $200.05 per month in Santa Fe. Compare that to drivers in their 30’s who typically pay around $110.79 per month drivers in their 40s at $103.19 per month. It’s always a good idea to check for discounts that apply at any age. Some discounts include away-at-school discount, safe driver discount, mature driver discount, good student discount as well as multi-policy and bundling discounts.

Age GroupAverage Monthly Rate

Cheapest Insurance for Teenage Drivers in Santa Fe

If you are teen in Santa Fe you are probably looking for a good deal on car insurance. Since teenage drivers typically pay the highest rates of any other age group, it’s important to compare multiple companies. According to our research, USAA typically charges around $151.15 per month. This is likely the most affordable option in Santa Fe. You might also want to consider State Farm and Central Mutual Insurance Co who also offer good affordable policies for teen drivers.

CompanyAverage Monthly Rate
State Farm$185.28
Central Mutual Insurance Co$199.65
Farm Bureau Mutual (IA Group)$219.13

Cheapest Insurance for 20 Year-olds in Santa Fe

20 year-olds in Santa Fe might want to consider USAA who, on average, offers car insurance rates around $101.91 per month. State Farm , Central Mutual Insurance Co , Farm Bureau Mutual (IA Group) and Allied are also in the top 5 cheapest rates available.

CompanyAverage Monthly Rate
State Farm$112.44
Central Mutual Insurance Co$130.40
Farm Bureau Mutual (IA Group)$138.77

Cheapest Insurance for 30 Year-olds in Santa Fe

If you are in your 30s in Santa Fe our research has found that USAA typically has the most affordable coverage coming in around $89.05 per month, followed by State Farm at $92.46 and Central Mutual Insurance Co at $108.97.

CompanyAverage Monthly Rate
State Farm$92.46
Central Mutual Insurance Co$108.97
Farm Bureau Mutual (IA Group)$117.30

Cheapest Insurance for 40 Year-olds in Santa Fe

On average, USAA offers car insurance for 40 year-olds in Santa Fe for around $80.38 per month. If you are looking for affordable coverage, you may also want to consider State Farm or Central Mutual Insurance Co. The full list of top companies is below.

CompanyAverage Monthly Rate
State Farm$90.51
Central Mutual Insurance Co$94.74
Farm Bureau Mutual (IA Group)$106.65

Cheapest Insurance for 50 Year-olds in Santa Fe

Oftentimes 50 year-olds enjoy some of the lowest rates of any other age group. In Santa Fe we found that USAA generally offers the most affordable coverage at $66.80 per month.

CompanyAverage Monthly Rate
State Farm$70.52
Farm Bureau Mutual (IA Group)$78.16
Central Mutual Insurance Co$78.89

Cheapest Insurance for 60 Year-olds in Santa Fe

If you live in Santa Fe and you’re in your 60s, our data indicates that USAA usually has the best rates at $78.71 per month. The top 5 list of car insurance companies is below.

CompanyAverage Monthly Rate
State Farm$84.28
Farm Bureau Mutual (IA Group)$85.06
Central Mutual Insurance Co$100.44

Driver's Coverage Auto Insurance Rates in Santa Fe, NM

driver's coverage

Typically, drivers who currently have car insurance coverage will receive a cheaper monthly quote than drivers who do not. Since car insurance is a requirement in all 50 states, companies may question why you don't currently have coverage. Because of this, they may see you as a higher risk driver. In Santa Fe, the average monthly rate for a driver who is currently insured is $121.93 while drivers who are not currently covered will pay around $121.53.

CoverageAverage Monthly Rate
Not Currently Insured $121.53
Currently Insured $121.93

Compare Recent Car Insurance Quotes in Santa Fe

auto insurance quotes in Santa Fe city

Your vehicle plays a big part in how you rate for car insurance. The more your car is worth, the higher your car insurance rate. To lower your monthly premiums, you can set a higher deductible, but you’ll need to pay that deductible if you have an accident. Generally speaking, the newer a car is, the more it’s worth, and you may pay more in premiums, but the latest safety features will earn you a discount. The overall safety ratings of a car are also considered when determining your rate. In Santa Fe a driver of a 2021 Honda Cr-V can expect to pay around $191.67 per month while someone that owns a 2024 Toyota Camry may pay around $237.08 per month. Check out the list of recent quotes in Santa Fe below.

VehicleAverage Monthly Rate
2021 Honda Cr-V$191.67
2024 Toyota Camry$237.08
2010 Honda Accord Crosstour$160.95
2023 Nissan Kicks$422.21

FAQ's for Drivers in Santa Fe, NM

driver’s frequently asked question in Santa Fe

What Is the Minimum Liability Coverage Requirement in Santa Fe, NM?

Every state requires drivers to have a minimum amount of liability coverage. New Mexico drivers are required to carry liability insurance to pay for damages and injuries inflicted on someone else in an auto accident.

  • $25,000; Bodily injury coverage per person; Maximum payment for serious or permanent injury or death to a single person
  • $50,000; Bodily injury coverage per accident; Maximum payment for serious injury or death to more than one person
  • $10,000; Property damage per accident; Maximum payment for all damaged property in an accident caused by you

As per New Mexico car insurance laws, all drivers in the state must carry a minimum amount of liability coverage. This includes $25,000 bodily injury per person, $50,000 bodily injury per accident, and $10,000 property damage per accident. Alternatively, they may demonstrate financial responsibility with a $60,000 surety bond or cash deposit with the New Mexico State Treasurer.

What Is the Blood Alcohol Concentration (BAC) limit in Santa Fe, NM?

It’s against the law to operate a motor vehicle in New Mexico at the following BAC percentages:

  • .08%+ at 21 years old or older
  • .04%+ for commercial vehicle drivers
  • .02%+ at under 21 years old

In New Mexico, you can be convicted of driving while intoxicated (DWI) even if your blood-alcohol content level is below these levels. All it takes is for your ability to drive to be even slightly impaired by drugs or alcohol.

What are the consequences of being convicted of a DUI?

A variety of considerations affect DWI penalties, the biggest being how many prior offenses are on your record. In New Mexico, DWI convictions remain on your record for 55 years. Having a particularly high BAC, causing an accident, causing injuries or death, having an open alcohol container or drugs in your vehicle, and driving with a minor are some examples of aggravating factors that may increase penalties.

A first-time DWI offender’s driver’s license is revoked for up to 1 year (this increases by one year for each subsequent offense, until the fourth, at which point driving privileges are lost permanently). They also face significant fines and fees, compulsory completion of a drug and alcohol treatment course, mandatory installation of an ignition interlock device at their own expense, and possible jail time.

Check Out Other Rates in Santa Fe, NM Nearby Cities:

Albuquerque, NM

Rio Rancho, NM


Commute Time in Santa Fe, NM

19.1 Miles

Commute Time in United States

26.4 Miles

Number of Nearest Insurance Agents in Santa Fe, NM


The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.

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