Cheapest Car Insurance Quotes in Ruidoso Downs

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Ruidoso Downs Car Insurance

^$ 21

/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 Ruidoso Downs

The car insurance rate in Ruidoso Downs is $1016 for a six-month policy, which is $20 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $721, making it a popular choice for budget-conscious drivers. Rates in Ruidoso Downs 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 Ruidoso Downs

$1016

Avg. Car Insurance in New Mexico

$996

National Average

$1140

Cheapest Car Insurance Companies in Ruidoso Downs

1st place: USAA

At $721 for a six month policy, USAA offers the cheapest auto insurance rates in the city.

2nd place: Encompass

Encompass offers auto insurance rates at $781 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 $781 for six months, making it the third cheapest auto insurance company in Ruidoso Downs.

Ruidoso Downs Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Ruidoso Downs, NM is USAA, offering policies at just $721 for a six-month term. This is followed by Encompass, which has an average six-month premium of $781.

At the higher end of the spectrum, Kemper is the most expensive, with rates reaching $1109 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Ruidoso Downs drivers find the best deals.

Cheap Car Insurance Companies in Ruidoso Downs, NM

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
USAA	$721	$121
Encompass	$781	$131
State Farm	$781	$132
Nationwide	$872	$147
Progressive	$921	$155
Central Mutual	$981	$163
Farmers	$1133	$191
Central Insurance	$1224	$204
Farm Bureau	$1230	$209
Allstate	$1430	$241
Kemper	$1109	$185

Key Takeaways

Way's key takeaways about car insurance in Ruidoso Downs

The auto insurance costs in Ruidoso Downs fall around $721 for six months.
The cheapest auto insurance company in Ruidoso Downs is Central Mutual.
Teen drivers pay the highest rate in Ruidoso Downs at $724 per month.

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Cheapest Minimum Liability Car Insurance in Ruidoso Downs

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 Ruidoso Downs are given below.

Central Mutual provides the cheapest minimum car insurance coverage in Ruidoso Downs. Their Average 6 Month Premium is $128. Allstate is the most expensive at $540 for the same period.

Cheapest Liability Coverage in Ruidoso Downs, NM

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Central Mutual	$128	$21
USAA	$163	$28
Central Insurance	$200	$34
Iowa Farm Bureau	$206	$35
Farm Bureau	$243	$41
Encompass	$249	$42
Progressive	$249	$42
State Farm	$266	$45
Kemper	$357	$61
Farmers	$388	$65
Nationwide	$400	$68
Allstate	$540	$91

Cheapest Full Coverage Car Insurance in Ruidoso Downs

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 Ruidoso Downs is USAA at $121 per month and $721 for six months.

Cheapest Full Coverage Car Insurance Quotes in Ruidoso Downs, NM

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
USAA	$721	$121
Encompass	$781	$131
State Farm	$781	$132
Nationwide	$872	$147
Progressive	$921	$155
Central Mutual	$981	$163
Farmers	$1133	$191
Central Insurance	$1224	$204
Farm Bureau	$1230	$209
Allstate	$1430	$241
Kemper	$1109	$185

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Average Car Insurance in Ruidoso Downs 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 Ruidoso Downs, NM increasing?

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

Car Insurance Premiums by Age in Ruidoso Downs

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	$597
40s	MetLife	$557
50s	MetLife	$512
60s	MetLife	$487
70s	MetLife	$632

Cheapest Car Insurance Rates for Teen Drivers in Ruidoso Downs,NM

If you are planning to get a car insurance policy for your teenage dependent, Central Insurance provides the cheapest car insurance in the Ruidoso Downs at $32 per month. At $4301 for a six-month premium, Allstate offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Central Insurance	$188	$32
Iowa Farm Bureau	$272	$46
Kemper	$278	$47
USAA	$1006	$169
State Farm	$1618	$272
Farm Bureau	$1970	$335
Progressive	$2514	$423
Nationwide	$3563	$606
Farmers	$4175	$703
Allstate	$4301	$724

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 Ruidoso Downs.

As young drivers face the highest rates in Ruidoso Downs, MetLife offers the cheapest auto insurance rates at $597 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 Ruidoso Downs, Kemper is the cheapest car insurance provider. At $334 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 Ruidoso Downs is State Farm, offering rates of around $2854 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Kemper	$334	$57
USAA	$843	$141
Progressive	$860	$145
Farmers	$1472	$248
Farm Bureau	$1793	$305
Allstate	$1867	$311
State Farm	$2854	$486

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Car Insurance Rates with An Accident in Ruidoso Downs

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 Ruidoso Downs, NM, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Ruidoso Downs

The cheapest car insurance companies after an at-fault accident in Ruidoso Downs include Central Mutual and Central Insurance, offering $128 and $272, respectively. Allstate is an expensive provider with an average six-month premium of $2151.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Central Mutual	$128	$21
Central Insurance	$272	$46
Encompass	$303	$51
Kemper	$327	$56
Iowa Farm Bureau	$334	$55
USAA	$527	$89
State Farm	$703	$118
Progressive	$769	$130
Farm Bureau	$1678	$279
Farmers	$1970	$332
Nationwide	$1999	$334
Allstate	$2151	$362

Ruidoso Downs Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Ruidoso Downs NM. For example, the car insurance in Ruidoso Downs after a DUI increases to $957 for a six month policy. While the rate increases by $212 for a six-month policy in the case of a speeding ticket.

Ruidoso Downs auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$1024	$170
One Med/PIP claim	$1036	$176
Not-at-fault accident	$1066	$177
One comp claim	$1072	$183
Two Med/PIP claims	$1084	$181
Two comp claims	$1115	$190
Failure to show documents	$1127	$188
Failure to wear a seat belt	$1133	$193
Child safety restraint	$1175	$196
Driving without lights	$1175	$200
In 65 MPH zone	$1212	$202
Cell phone violation	$1218	$207
Texting while driving	$1218	$203
At-fault accident - less than $1000	$1224	$208
Driving with expired registration	$1224	$204
Speeding 11 - 15 MPH over limit	$1236	$210
Speeding 16 - 20 MPH over limit	$1236	$206
Speeding 6 - 10 MPH over limit	$1236	$210
Driving too slowly	$1242	$207
Failure to stop at a red light	$1242	$211
Failure to yield	$1242	$207
Following too closely	$1242	$211
Illegal turn	$1242	$207
Improper passing	$1242	$211
Speeding in school zone	$1242	$207
Wrong way/wrong lane	$1242	$211
Passing school bus	$1261	$210
Operating a vehicle without permission	$1278	$217
Speeding 21 - 25 MPH over limit	$1278	$213
Open container	$1424	$242
At-fault accident - $1000-$2000	$1448	$242
At-fault accident - greater than $2000	$1461	$248
Reckless driving	$1896	$316
Driving with a suspended license	$1902	$323
Refusal to submit to a chemical test	$1927	$321
DUI	$1981	$337
Racing	$2024	$338
Leaving scene of an accident/hit and run	$2036	$346

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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 Ruidoso Downs 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 Ruidoso Downs.

The cheapest car insurance premiums in Ruidoso Downs are offered by Kemper at $327 for a six-month policy. However, it can be as expensive as $2181 with companies like Farm Bureau.

Ruidoso Downs car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Kemper	$327	$55
Central Insurance	$400	$68
Progressive	$715	$120
State Farm	$740	$124
USAA	$830	$140
Farmers	$1212	$204
Nationwide	$1309	$218
Allstate	$1751	$295
Farm Bureau	$2181	$363

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 Ruidoso Downs are offered by Iowa Farm Bureau at $249. However, it can be as expensive as $3278 with companies like Allstate for a similar six-month premium.

Cheapest Car Insurance in Ruidoso Downs after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Iowa Farm Bureau	$249	$42
USAA	$491	$82
State Farm	$569	$96
Progressive	$630	$106
Farm Bureau	$1290	$219
Farmers	$2648	$442
Allstate	$3278	$557

Car Insurance Price Trends in Ruidoso Downs, New Mexico

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

The average cost of full coverage in the Ruidoso Downs rose by $197 in December compared to $193 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 Ruidoso Downs rose to $47 in December, compared to $44 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 Ruidoso Downs?

The car insurance in Ruidoso Downs is $21 per month, which is lower than the national average.

What is the cheapest car insurance in Ruidoso Downs?

The cheapest car insurance in Ruidoso Downs is $121 per month for full coverage.

How much is car insurance in Ruidoso Downs for teenagers?

Car insurance for teenagers costs $188 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 Ruidoso Downs?

The average cost of car insurance is $996 for a six-month policy. It will cost around $170 per month to insure your car in Ruidoso Downs.

Is car insurance expensive in Ruidoso Downs?

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

What is the best car insurance in Ruidoso Downs, NM?

The best car insurance company in Ruidoso Downs NM is USAA, offering $721 for a six-month policy.