Chris Tepedino is a feature writer that has written extensively about car insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, research investigative pieces…

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states…

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Reviewed byRachael Brennan
Licensed Insurance Agent for 14 Years

UPDATED: Sep 17, 2020

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Can't-Miss Facts

  • New Mexico required drivers carry a minimum of 25/50/10 liability auto insurance coverage.
  • Average auto insurance rates in New Mexico are about $114 per month.
  • Allied tends to offer the lowest auto insurance rates in Roswell, NM.
  • With excellent credit, you can find Roswell, NM, auto insurance rates under $30 a month.

Are you in need of cheap Roswell, NM, auto insurance? At AutoInsuranceEZ.com, you will discover the lowest auto insurance in Roswell, NM. To get free New Mexico car insurance quotes from the top providers today, enter your local ZIP code in the FREE comparison box above.

New Mexico Auto Insurance Coverage Requirements

All New Mexico drivers are required to have the minimum requirements for auto insurance. Here are the details you need to know to drive legally in Roswell, NM, according to the New Mexico Department of Insurance.

CoverageRequirementsMost Common
Bodily Injury Liability25,000/50,00025,000/50,000
Property Damage Liability10,00025,000
Uninsured Motorist Bodily InjuryNot required25,000/50,000
Medical PaymentsNot required5,000
CollisionNot required500 deductible
ComprehensiveNot required100 deductible

Remember that Liability insurance coverage is minimal. But it is the best value. As a driver, it is your responsibility to purchase as much coverage as you can to stay safe and protected on the road.

The state average for New Mexico drivers runs at about $114 monthly for insurance premiums. However, savvy drivers in Roswell can get rates as low as $42/mo* if they do a good job shopping for the best deal.

Roswell, NM Average Monthly Auto Insurance Rates Legend: Roswell Allied Central Mutual State Farm Cal Casualty Allstate 5 10 15 20 25 30 35 40 $30 $35 $35 $36 $43

Allied, Central Mutual, and State Farm are providing a few of the least expensive rates on automotive insurance in Roswell at this time. But would be that the most significant facet of your research?

Will they offer reduced rates and little else? They could be the least expensive. Since they’re providing the cheapest rate, it doesn’t mean those are the best companies.

You have to research every aspect of the best auto insurance companies before you decide to come to a decision.

Auto insurance carriers consider several variables when figuring out insurance quotes, such as gender, driving violations, credit score/rating, education, and business use of the vehicle.

According to the Federal Trade Commission, consumers with a good credit score are less likely to file an insurance claim.

Also, keep in mind that premiums differ from carrier to carrier. To find out if you are still receiving the most affordable price, review cheap Roswell, NM, auto insurance costs on the internet.

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Major Auto Insurance Factors in Roswell

Several various items can factor into the rate quotes you are given. While many specific things aren’t something you can do something about, some of them are things that you can change for the better. Here are a few factors which can change your automobile insurance premium:

Your ZIP Code

Your auto insurance rates may vary depending on where you call home. In general, highly populated areas feature greater car insurance rates because the extra amount of drivers on the road increases the chance of an accident! The total population of Roswell amounts to 48,611, and the typical household income is $43,538.

New Mexico Average Monthly Auto Insurance Rates by City Legend: Santa Fe Rio Rancho Las Cruces Albuquerque Roswell Allied Central Mutual State Farm Cal Casualty Allstate 5 10 15 20 25 30 35 40 45 50 $34 $35 $25 $37 $30 $37 $38 $30 $36 $35 $41 $41 $36 $49 $35 $45 $49 $39 $52 $36 $46 $51 $45 $52 $43

Automotive Accidents

Living anywhere where deadly accidents are common will leave most drivers paying higher rates. But as you can see in the chart below, serious accidents are not so common in Roswell. You may already be benefitting from this in the form of lower monthly premiums.

Fatal Accidents in Roswell, NM Legend: Roswell Fatal accident count Vehicles involved in fatal crashes Fatal crashes involving drunk persons Fatalities Persons involved in fatal crashes Pedestrians involved in fatal accidents 1 2 3 4 5 6 7 8 3 5 1 3 8

Auto Thefts in Roswell

Sometimes in modest cities or outlying towns, automobile theft can still be a problem. To help make it smaller trouble in your case, consider installing a passive anti-theft system within your current motor vehicle.

Your current car insurance provider could compensate you with cheaper costs! In Roswell, they had 75 auto thefts in 2012. To protect yourself from auto theft, you might want to double-check and make sure you have comprehensive coverage on your policy.

Roswell, NM Average Basic vs. Comprehensive Monthly Auto Insurance Rates Legend: Basic Coverage Comprehensive Coverage Allied Central Mutual State Farm Cal Casualty Allstate 15 30 45 60 75 90 105 120 135 150 $30 $69 $35 $144 $35 $85 $36 $131 $43 $152

Your Credit Score

Many people don’t understand how important their credit rating will become when identifying their car insurance rates. For those who have a bad credit score, your rate per month is often as high as exponentially increased compared to those of someone having an excellent credit rating.

Roswell, NM Average Monthly Auto Insurance Rates by Credit History Legend: Excellent Credit Poor Credit Allied Central Mutual State Farm Cal Casualty Allstate 10 20 30 40 50 60 70 80 $42 $53 $29 $80 $30 $59 $28 $62 $42 $50

Your Age

Young drivers get into frequent accidents, according to most statistics. More responsible young drivers, such as students with good grades who take driver training courses, can get lower rates. But you’re going to have to sit down and talk with your insurance agent to find the lowest possible rate if you are under the age of 25.

Roswell, NM Average Monthly Auto Insurance Rates by Age Legend: 34 Year Old 17 Year Old Allied Central Mutual State Farm Cal Casualty Allstate 20 40 60 80 100 120 140 $30 $103 $35 $103 $35 $114 $36 $148 $43 $109

Your Driving Record

If you’re able to have a clean driving history, you can secure the cheapest possible rate in your automotive insurance plan. Regrettably, the greater violations you put on your record, the greater cost your insurance will end up being. You may also lose your coverage completely based on your provider and the seriousness of the violations.

Roswell, NM Average Monthly Auto Insurance Rates by Driving History Legend: Perfect Record Minor Speeding Ticket DUI/Reckless Driving Major At-Fault Accident Allied Central Mutual State Farm Cal Casualty Allstate 5 10 15 20 25 30 35 40 45 50 55 $30 $35 $56 $42 $35 $39 $39 $42 $35 $38 $38 $38 $36 $40 $58 $45 $43 $46 $52 $52

Your Vehicle

Costly luxury automobiles are not just more expensive to insure because they are more expensive to exchange. The chances are that you are likely to wish to safeguard a costly vehicle with a lot more insurance policy. And also, the more coverage you purchase, the greater you’ll have to pay in rates.

Roswell, NM Average Monthly Auto Insurance Rates by Vehicle Make and Model Legend: 2015 Honda Accord 2012 Porsche Boxster Spyder Allied Central Mutual State Farm Cal Casualty Allstate 20 40 60 80 100 120 140 160 180 200 220 $30 $77 $35 $166 $35 $106 $36 $146 $43 $225

Minor Auto Insurance Factors in Roswell

Among the factors below, you may be able to find something which you can largely control and also utilize for discounts.

People often search “auto insurance near me” to find insurance in their local area. We provide a short cut to free car insurance quotes with our FREE comparison tool. Enter your ZIP code to get started.

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Your Marital Status

For individual motorists, the marital status might have a one to two percent difference, whether it makes a person have a cheaper policy. But married people can help to save money by bundling their products along with the same company. Insurance providers frequently give discount rates in exchange for bundling multiple policies together.

Your Gender

Gender has a very little substantial effect on your rate per month. A lot of companies don’t charge different rates according to gender whatsoever. And individuals for individuals that also do, the speed rarely changes beyond a three percent cost difference.

Your Driving Distance to Work

Commute times in Roswell usually don’t take too long, merely 11-19 minutes on average. Seventy-seven percent of residents depend on their vehicle to get to work each day, while a smaller percentage (between five to 16 percent) prefer to carpool with their co-workers.

The table below will give you an idea of how commute length can affect your auto insurance rates in New Mexico.

New Mexico Average Annual Auto Insurance Rates by Commute
CompaniesAverage Annual Rates for
10 Miles Commute
6,000 Annual Mileage
Average Annual Rates for
25 Miles Commute
12,000 Annual Mileage
USAA$2,228.48$2,365.79
State Farm$2,281.70$2,398.36
Progressive$3,118.17$3,118.17
Nationwide$3,514.07$3,514.07
Allstate$4,200.53$4,200.53
Farmers$4,314.90$4,314.90
GEICO$4,389.62$4,525.62
Get Your Rates Quote Now

Some companies pay lip plans to your purpose for driving, along with the miles you drive every year. However, whenever you evaluate the information, many of these factors barely create a dent inside your monthly premium.

For instance, there might be a maximum of a four percent distinction between driving fewer miles for work and hundreds of 1000’s of miles for pleasure every year. However, business automobiles generally have about 10 to 15 percent greater rates than regular cars.

Your Coverage and Deductibles

Somebody that only buys the condition minimum mandatory coverage pays less monthly than the usual driver with a lot more coverage with their policy.

If you think you’ll need greater than the required minimum coverage, but don’t wish to pay costly rates every month, try raising your auto insurance deductible. This is particularly economical for safe motorists that do not anticipate a necessity to file for multiple claims.

Education in Roswell, NM

Out of the entire population of Roswell, more than 26 percent have completed all requirements for a high school diploma, while one-quarter of residents have yet to complete all four years of high school.

But did you know that drivers who have advanced their education enjoy lower rates on car insurance than other motorists? It’s an even better way to save than relying upon job- or salary-related discounts.

There are a few local choices when it comes to pursuing higher education in Roswell. The New Mexico Military Institute, for starters, offers its students a variety of associate’s degrees to choose from, as does Eastern New Mexico University – Roswell. ENMU also offers students a chance to study bachelor’s and master’s degree programs through the ITV system (“Instructional Television”).

Discovering affordable car insurance may end up being a problem. There’s lots of information you need to think about, and understanding how top car insurance companies examine your potential risk may be complicated. But try not to allow the wrong insurance agency to talk you into purchasing the wrong policy.

How We Conducted Our Auto Insurance Analysis

We calculated our average rate based on the following metrics: a married, 34-year-old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home.

Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

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Frequently Asked Questions: Roswell, NM Auto Insurance

Let’s up the guide by answering a few frequently asked questions that relate to Roswell, NM, auto insurance. If you’re ready to compare rates today and save lots on your next insurance charges, enter your ZIP code below.

#1 – Who has the cheapest auto insurance in New Mexico?

Geico, State Farm, and Progressive are the cheapest companies in New Mexico.

#2 – What is the cheapest auto insurance in New York?

Geico, New York Central Mutual, and Allstate are the cheapest companies in New York.

#3 – Who offers the cheapest auto insurance?

Geico, USAA, and State Farm offer the cheapest insurance on average.

#4 – Who has the cheapest auto insurance in AZ?

Safeco, Geico, and CSAA are the cheapest companies in Arizona.

#5 – What are the worst insurance companies?

According to Consumer Reports, Esurance, Liberty Mutual, and Nationwide are the worst-rated auto insurance companies.