Cheapest Car Insurance Quotes in Los Chaves

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Los Chaves Car Insurance

^$ 24

/mo

Written by Sara Sam

Edited by Renee Martin

Why you can trust Way?

The auto insurance rates published in this guide are based on the results of research completed by Way’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with Way.

Table of Contents

How Much Is Car Insurance in Los Chaves

The car insurance rate in Los Chaves is $1125 for a six-month policy, which is $129 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $799, making it a popular choice for budget-conscious drivers. Rates in Los Chaves can vary depending on your age, driving record, and coverage level, so not every driver will pay the same amount. Choosing a higher deductible, maintaining a clean driving history, and comparing quotes from multiple insurers can help you find better deals and save money over time.

Avg. Car Insurance in Los Chaves

$1125

Avg. Car Insurance in New Mexico

$996

National Average

$1140

Cheapest Car Insurance Companies in Los Chaves

1st place: USAA

At $799 for a six month policy, USAA offers the cheapest auto insurance rates in the city.

2nd place: Encompass

Encompass offers auto insurance rates at $866 for a six-month policy, making it one of the cheapest to insure with.

3rd place: State Farm

State Farm offers auto insurance rates at $866 for six months, making it the third cheapest auto insurance company in Los Chaves.

Los Chaves Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Los Chaves, NM is USAA, offering policies at just $799 for a six-month term. This is followed by Encompass, which has an average six-month premium of $866.

At the higher end of the spectrum, Kemper is the most expensive, with rates reaching $1228 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Los Chaves drivers find the best deals.

Cheap Car Insurance Companies in Los Chaves, NM

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
USAA	$799	$134
Encompass	$866	$145
State Farm	$866	$146
Nationwide	$966	$163
Progressive	$1020	$172
Central Mutual	$1087	$181
Farmers	$1255	$211
Central Insurance	$1356	$226
Farm Bureau	$1363	$232
Allstate	$1584	$267
Kemper	$1228	$205

Key Takeaways

Way's key takeaways about car insurance in Los Chaves

The auto insurance costs in Los Chaves fall around $799 for six months.
The cheapest auto insurance company in Los Chaves is Central Mutual.
Teen drivers pay the highest rate in Los Chaves at $802 per month.

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Cheapest Minimum Liability Car Insurance in Los Chaves

Since car insurance is a critical requirement for owning a car, you must have minimum liability car insurance. The cheapest car insurance companies for minimum coverage in Los Chaves are given below.

Central Mutual provides the cheapest minimum car insurance coverage in Los Chaves. Their Average 6 Month Premium is $141. Allstate is the most expensive at $598 for the same period.

Cheapest Liability Coverage in Los Chaves, NM

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Central Mutual	$141	$24
USAA	$181	$31
Central Insurance	$221	$37
Iowa Farm Bureau	$228	$38
Farm Bureau	$269	$45
Encompass	$276	$46
Progressive	$276	$46
State Farm	$295	$50
Kemper	$395	$68
Farmers	$429	$72
Nationwide	$443	$76
Allstate	$598	$101

Cheapest Full Coverage Car Insurance in Los Chaves

One might think that minimum coverage is only required when insuring your car insurance. However, having full coverage car insurance in any city is certainly a wise choice as it offers better coverage and protection. Our best pick for the cheapest auto insurance quotes in Los Chaves is USAA at $134 per month and $799 for six months.

Cheapest Full Coverage Car Insurance Quotes in Los Chaves, NM

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
USAA	$799	$134
Encompass	$866	$145
State Farm	$866	$146
Nationwide	$966	$163
Progressive	$1020	$172
Central Mutual	$1087	$181
Farmers	$1255	$211
Central Insurance	$1356	$226
Farm Bureau	$1363	$232
Allstate	$1584	$267
Kemper	$1228	$205

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Average Car Insurance in Los Chaves by Rating Factor

The car insurance rates for two people under the same ZIP code will mostly be different. This is mostly because insurance rates are calculated based on several rating factors. These rating factors include the driver's age, gender, marital status, driving and claims history, credit score, location, type of vehicle, and coverage levels.

I have a clean driving record. Why is my car insurance rate here in Los Chaves, NM increasing?

Despite maintaining a clean driving record, your car insurance rates in Los Chaves, New Mexico, may be increasing due to several external factors. New Mexico has experienced significant rate hikes recently, with average premiums rising by 25.5% in 2023, largely attributed to higher claims volumes and inflation.

Additionally, Los Chaves's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Los Chaves

It is quite evident why teen drivers pay the highest car insurance rates in any city. Their lack of experience and increased accident rates make them a highly risky category. However, as you grow older, your car insurance rates will decrease. So, it is better to not have separate policies for teens; instead, add them to their parents' policies.

Cheapest Car Insurance Companies Based on Age Group

Age Group	Cheapest Companies	Avg. 6 Mo. Premium
30s	MetLife	$661
40s	MetLife	$617
50s	MetLife	$567
60s	MetLife	$539
70s	MetLife	$701

Cheapest Car Insurance Rates for Teen Drivers in Los Chaves,NM

If you are planning to get a car insurance policy for your teenage dependent, Central Insurance provides the cheapest car insurance in the Los Chaves at $35 per month. At $4765 for a six-month premium, Allstate offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Central Insurance	$208	$35
Iowa Farm Bureau	$302	$51
Kemper	$308	$52
USAA	$1114	$188
State Farm	$1792	$302
Farm Bureau	$2182	$371
Progressive	$2785	$469
Nationwide	$3947	$671
Farmers	$4625	$779
Allstate	$4765	$802

Teen Car Insurance Rates in NM by Age

Way Tip

If you are in your twenties MetLife is the best choice for car insurance in Los Chaves.

As young drivers face the highest rates in Los Chaves, MetLife offers the cheapest auto insurance rates at $661 for six months.

Car Insurance Rates by Credit Score & Driving History

Similar to your driving history, your financial history also plays a key role in determining your auto insurance rates. A low credit score would mean a lapse in payment and increased chances of filing claims, which results in higher auto insurance rates. Therefore, the higher the credit score, the lower the car insurance rates will be.

Cheapest Car Insurance Companies for Bad Credit

For those with poor credit scores in Los Chaves, Kemper is the cheapest car insurance provider. At $370 for a six-month premium, they offer the best rates in the city. The most expensive auto insurance rate for drivers with bad credit in Los Chaves is State Farm, offering rates of around $3162 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Kemper	$370	$63
USAA	$933	$156
Progressive	$953	$160
Farmers	$1631	$275
Farm Bureau	$1987	$338
Allstate	$2068	$345
State Farm	$3162	$538

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Car Insurance Rates with An Accident in Los Chaves

Both accidents and the resulting increase in insurance rates are often beyond our control. When you’re involved in an accident, you become riskier to insure, consequently increasing the rates. In Los Chaves, NM, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Los Chaves

The cheapest car insurance companies after an at-fault accident in Los Chaves include Central Mutual and Central Insurance, offering $141 and $302, respectively. Allstate is an expensive provider with an average six-month premium of $2383.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Central Mutual	$141	$24
Central Insurance	$302	$51
Encompass	$336	$56
Kemper	$363	$62
Iowa Farm Bureau	$370	$61
USAA	$584	$98
State Farm	$779	$131
Progressive	$852	$144
Farm Bureau	$1859	$310
Farmers	$2182	$367
Nationwide	$2215	$370
Allstate	$2383	$401

Los Chaves Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Los Chaves NM. For example, the car insurance in Los Chaves after a DUI increases to $1059 for a six month policy. While the rate increases by $235 for a six-month policy in the case of a speeding ticket.

Los Chaves auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$1135	$189
One Med/PIP claim	$1148	$195
Not-at-fault accident	$1181	$197
One comp claim	$1188	$202
Two Med/PIP claims	$1201	$200
Two comp claims	$1235	$210
Failure to show documents	$1249	$208
Failure to wear a seat belt	$1255	$214
Child safety restraint	$1302	$217
Driving without lights	$1302	$221
In 65 MPH zone	$1342	$224
Cell phone violation	$1349	$229
Texting while driving	$1349	$225
At-fault accident - less than $1000	$1356	$231
Driving with expired registration	$1356	$226
Speeding 11 - 15 MPH over limit	$1370	$233
Speeding 16 - 20 MPH over limit	$1370	$228
Speeding 6 - 10 MPH over limit	$1370	$233
Driving too slowly	$1376	$229
Failure to stop at a red light	$1376	$234
Failure to yield	$1376	$229
Following too closely	$1376	$234
Illegal turn	$1376	$229
Improper passing	$1376	$234
Speeding in school zone	$1376	$229
Wrong way/wrong lane	$1376	$234
Passing school bus	$1397	$233
Operating a vehicle without permission	$1416	$241
Speeding 21 - 25 MPH over limit	$1416	$236
Open container	$1577	$268
At-fault accident - $1000-$2000	$1605	$268
At-fault accident - greater than $2000	$1618	$275
Reckless driving	$2101	$350
Driving with a suspended license	$2107	$358
Refusal to submit to a chemical test	$2135	$356
DUI	$2194	$373
Racing	$2242	$374
Leaving scene of an accident/hit and run	$2255	$383

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Way Tip

Avoid Having A DUI On Your Driving Record.

A DUI can increase your car insurance rates—by $5,000 to $10,000 over five years. Speeding, reckless driving, and at-fault accidents also raise rates, staying on your record for 3–5 years, while DUIs/DWIs can impact you longer.

Car Insurance Rates in Los Chaves after a DUI

There may have been times when you drank but chose not to drive—a smart and responsible decision, as most states treat DUIs as a serious offense. Your car insurance rates can double after a DUI charge, making it harder to find affordable coverage in Los Chaves.

The cheapest car insurance premiums in Los Chaves are offered by Kemper at $363 for a six-month policy. However, it can be as expensive as $2416 with companies like Farm Bureau.

Los Chaves car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Kemper	$363	$61
Central Insurance	$443	$76
Progressive	$792	$133
State Farm	$819	$138
USAA	$920	$155
Farmers	$1342	$226
Nationwide	$1450	$242
Allstate	$1940	$327
Farm Bureau	$2416	$402

Cheapest car insurance after a speeding ticket

One of the easiest ways to save money on car insurance is to stay within the speed limit. After a speeding violation, the cheapest car insurance premiums in Los Chaves are offered by Iowa Farm Bureau at $276. However, it can be as expensive as $3632 with companies like Allstate for a similar six-month premium.

Cheapest Car Insurance in Los Chaves after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Iowa Farm Bureau	$276	$46
USAA	$544	$90
State Farm	$631	$106
Progressive	$698	$118
Farm Bureau	$1429	$243
Farmers	$2933	$489
Allstate	$3632	$617

Car Insurance Price Trends in Los Chaves, New Mexico

Car insurance rates in Los Chaves have fluctuated due to factors such as state regulations, inflation, and changing driving habits.

The average cost of full coverage in the Los Chaves rose by $218 in December compared to $214 of November. In other words, there has been an increase by $4 when you compare December and November.

The average cost of liability insurance in the Los Chaves rose to $52 in December, compared to $49 in November. This represents an increase of $3 when comparing December and November.

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Frequently Asked Questions

How much is car insurance in Los Chaves?

The car insurance in Los Chaves is $24 per month, which is lower than the national average.

What is the cheapest car insurance in Los Chaves?

The cheapest car insurance in Los Chaves is $134 per month for full coverage.

How much is car insurance in Los Chaves for teenagers?

Car insurance for teenagers costs $208 per 6 months. The rates for teen drivers are higher due to their lack of experience as drivers.

What's the average cost of car insurance in Los Chaves?

The average cost of car insurance is $996 for a six-month policy. It will cost around $189 per month to insure your car in Los Chaves.

Is car insurance expensive in Los Chaves?

Car insurance can be expensive in Los Chaves if your rating factors are not favorable. However, with a clean driving record and good credit score, car insurance rates in Los Chaves can be affordable.

What is the best car insurance in Los Chaves, NM?

The best car insurance company in Los Chaves NM is USAA, offering $799 for a six-month policy.