Cheapest Car Insurance Quotes in Ojo Caliente

Finding the cheapest car insurance quotes in Ojo Caliente shouldn't be a guessing game. That's why our licensed insurance experts do the heavy lifting for you, analyzing rates from dozens of top companies to find you the best deal.
We believe in making things clear and simple. Our experts compare coverage options and find every possible discount, so you can see your best options side-by-side. It’s fast, free, and designed to save you a ton.

Enter your zip code to get personalized rates.

Featured in

399,755 Policies Sold

Ojo Caliente Car Insurance

^$ 22

/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 Ojo Caliente

The car insurance rate in Ojo Caliente is $1036 for a six-month policy, which is $40 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $735, making it a popular choice for budget-conscious drivers. Rates in Ojo Caliente 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 Ojo Caliente

$1036

Avg. Car Insurance in New Mexico

$996

National Average

$1140

Cheapest Car Insurance Companies in Ojo Caliente

1st place: USAA

At $735 for a six month policy, USAA offers the cheapest auto insurance rates in the city.

2nd place: Encompass

Encompass offers auto insurance rates at $797 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 $797 for six months, making it the third cheapest auto insurance company in Ojo Caliente.

Ojo Caliente Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Ojo Caliente, NM is USAA, offering policies at just $735 for a six-month term. This is followed by Encompass, which has an average six-month premium of $797.

At the higher end of the spectrum, Kemper is the most expensive, with rates reaching $1130 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Ojo Caliente drivers find the best deals.

Cheap Car Insurance Companies in Ojo Caliente, NM

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
USAA	$735	$124
Encompass	$797	$133
State Farm	$797	$134
Nationwide	$889	$150
Progressive	$939	$158
Central Mutual	$1000	$166
Farmers	$1155	$194
Central Insurance	$1248	$208
Farm Bureau	$1254	$213
Allstate	$1458	$245
Kemper	$1130	$188

Key Takeaways

Way's key takeaways about car insurance in Ojo Caliente

The auto insurance costs in Ojo Caliente fall around $735 for six months.
The cheapest auto insurance company in Ojo Caliente is Central Mutual.
Teen drivers pay the highest rate in Ojo Caliente at $738 per month.

High Rates Shouldn’t Drive You Out of Pocket.

Save up to $971/yr with our auto insurance quotes

Cheapest Minimum Liability Car Insurance in Ojo Caliente

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 Ojo Caliente are given below.

Central Mutual provides the cheapest minimum car insurance coverage in Ojo Caliente. Their Average 6 Month Premium is $130. Allstate is the most expensive at $550 for the same period.

Cheapest Liability Coverage in Ojo Caliente, NM

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Central Mutual	$130	$22
USAA	$166	$28
Central Insurance	$204	$34
Iowa Farm Bureau	$210	$35
Farm Bureau	$248	$42
Encompass	$254	$43
Progressive	$254	$43
State Farm	$271	$46
Kemper	$364	$62
Farmers	$395	$67
Nationwide	$408	$70
Allstate	$550	$93

Cheapest Full Coverage Car Insurance in Ojo Caliente

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 Ojo Caliente is USAA at $124 per month and $735 for six months.

Cheapest Full Coverage Car Insurance Quotes in Ojo Caliente, NM

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
USAA	$735	$124
Encompass	$797	$133
State Farm	$797	$134
Nationwide	$889	$150
Progressive	$939	$158
Central Mutual	$1000	$166
Farmers	$1155	$194
Central Insurance	$1248	$208
Farm Bureau	$1254	$213
Allstate	$1458	$245
Kemper	$1130	$188

Don't Let Hidden Costs Drive You Crazy

Get Your Car Insurance Quote in Ojo Caliente Instantly!

Average Car Insurance in Ojo Caliente 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 Ojo Caliente, NM increasing?

Despite maintaining a clean driving record, your car insurance rates in Ojo Caliente, 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, Ojo Caliente's high urban population density, raised auto theft rates, and frequent natural disasters contribute to increased insurance costs.

Car Insurance Premiums by Age in Ojo Caliente

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	$608
40s	MetLife	$568
50s	MetLife	$522
60s	MetLife	$496
70s	MetLife	$645

Cheapest Car Insurance Rates for Teen Drivers in Ojo Caliente,NM

If you are planning to get a car insurance policy for your teenage dependent, Central Insurance provides the cheapest car insurance in the Ojo Caliente at $32 per month. At $4386 for a six-month premium, Allstate offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Central Insurance	$191	$32
Iowa Farm Bureau	$278	$47
Kemper	$284	$48
USAA	$1025	$173
State Farm	$1649	$278
Farm Bureau	$2008	$341
Progressive	$2564	$432
Nationwide	$3633	$618
Farmers	$4257	$717
Allstate	$4386	$738

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 Ojo Caliente.

As young drivers face the highest rates in Ojo Caliente, MetLife offers the cheapest auto insurance rates at $608 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 Ojo Caliente, Kemper is the cheapest car insurance provider. At $340 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 Ojo Caliente is State Farm, offering rates of around $2910 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Kemper	$340	$58
USAA	$859	$144
Progressive	$877	$148
Farmers	$1501	$253
Farm Bureau	$1828	$311
Allstate	$1903	$317
State Farm	$2910	$495

Escape the Trap of Rising Insurance Costs.

Save up to $971/yr on car insurance rates in Ojo Caliente.

Car Insurance Rates with An Accident in Ojo Caliente

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 Ojo Caliente, NM, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Ojo Caliente

The cheapest car insurance companies after an at-fault accident in Ojo Caliente include Central Mutual and Central Insurance, offering $130 and $278, respectively. Allstate is an expensive provider with an average six-month premium of $2193.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Central Mutual	$130	$22
Central Insurance	$278	$47
Encompass	$309	$52
Kemper	$334	$57
Iowa Farm Bureau	$340	$56
USAA	$538	$90
State Farm	$717	$121
Progressive	$784	$132
Farm Bureau	$1711	$285
Farmers	$2008	$338
Nationwide	$2038	$340
Allstate	$2193	$369

Ojo Caliente Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Ojo Caliente NM. For example, the car insurance in Ojo Caliente after a DUI increases to $976 for a six month policy. While the rate increases by $216 for a six-month policy in the case of a speeding ticket.

Ojo Caliente auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$1044	$174
One Med/PIP claim	$1057	$180
Not-at-fault accident	$1087	$181
One comp claim	$1093	$186
Two Med/PIP claims	$1106	$184
Two comp claims	$1137	$193
Failure to show documents	$1149	$191
Failure to wear a seat belt	$1155	$197
Child safety restraint	$1198	$200
Driving without lights	$1198	$204
In 65 MPH zone	$1236	$206
Cell phone violation	$1242	$211
Texting while driving	$1242	$207
At-fault accident - less than $1000	$1248	$212
Driving with expired registration	$1248	$208
Speeding 11 - 15 MPH over limit	$1260	$214
Speeding 16 - 20 MPH over limit	$1260	$210
Speeding 6 - 10 MPH over limit	$1260	$214
Driving too slowly	$1267	$211
Failure to stop at a red light	$1267	$215
Failure to yield	$1267	$211
Following too closely	$1267	$215
Illegal turn	$1267	$211
Improper passing	$1267	$215
Speeding in school zone	$1267	$211
Wrong way/wrong lane	$1267	$215
Passing school bus	$1285	$214
Operating a vehicle without permission	$1303	$222
Speeding 21 - 25 MPH over limit	$1303	$217
Open container	$1452	$246
At-fault accident - $1000-$2000	$1477	$246
At-fault accident - greater than $2000	$1489	$253
Reckless driving	$1933	$322
Driving with a suspended license	$1940	$330
Refusal to submit to a chemical test	$1965	$328
DUI	$2020	$343
Racing	$2063	$344
Leaving scene of an accident/hit and run	$2076	$353

Your Wallet Deserves Better. Seriously.

Get smarter car insurance rates in minutes today!

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 Ojo Caliente 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 Ojo Caliente.

The cheapest car insurance premiums in Ojo Caliente are offered by Kemper at $334 for a six-month policy. However, it can be as expensive as $2224 with companies like Farm Bureau.

Ojo Caliente car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Kemper	$334	$56
Central Insurance	$408	$70
Progressive	$729	$123
State Farm	$754	$127
USAA	$847	$142
Farmers	$1236	$208
Nationwide	$1334	$223
Allstate	$1786	$301
Farm Bureau	$2224	$370

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 Ojo Caliente are offered by Iowa Farm Bureau at $254. However, it can be as expensive as $3343 with companies like Allstate for a similar six-month premium.

Cheapest Car Insurance in Ojo Caliente after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Iowa Farm Bureau	$254	$43
USAA	$500	$83
State Farm	$580	$98
Progressive	$643	$108
Farm Bureau	$1316	$224
Farmers	$2700	$450
Allstate	$3343	$568

Car Insurance Price Trends in Ojo Caliente, New Mexico

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

The average cost of full coverage in the Ojo Caliente rose by $201 in December compared to $197 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 Ojo Caliente rose to $48 in December, compared to $45 in November. This represents an increase of $3 when comparing December and November.

Our Insurance Agent Experts

Wilson Mathew Nechikat

Principal

View Profile

Anthony Luu

Senior Director of Insurance Operations

View Profile

Ezra Peterson

Senior Director of Insurance

View Profile

Danny Herrera

Head of Commercial Insurance

View Profile

Frequently Asked Questions

How much is car insurance in Ojo Caliente?

The car insurance in Ojo Caliente is $22 per month, which is lower than the national average.

What is the cheapest car insurance in Ojo Caliente?

The cheapest car insurance in Ojo Caliente is $124 per month for full coverage.

How much is car insurance in Ojo Caliente for teenagers?

Car insurance for teenagers costs $191 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 Ojo Caliente?

The average cost of car insurance is $996 for a six-month policy. It will cost around $174 per month to insure your car in Ojo Caliente.

Is car insurance expensive in Ojo Caliente?

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

What is the best car insurance in Ojo Caliente, NM?

The best car insurance company in Ojo Caliente NM is USAA, offering $735 for a six-month policy.