Cheapest Car Insurance Quotes in Santa Fe

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Santa Fe 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 Santa Fe

The car insurance rate in Santa Fe is $1026 for a six-month policy, which is $30 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $728, making it a popular choice for budget-conscious drivers. Rates in Santa Fe 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 Santa Fe

$1026

Avg. Car Insurance in New Mexico

$996

National Average

$1140

Cheapest Car Insurance Companies in Santa Fe

1st place: USAA

At $728 for a six month policy, USAA offers the cheapest auto insurance rates in the city.

2nd place: Encompass

Encompass offers auto insurance rates at $789 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 $789 for six months, making it the third cheapest auto insurance company in Santa Fe.

Santa Fe Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Santa Fe, NM is USAA, offering policies at just $728 for a six-month term. This is followed by Encompass, which has an average six-month premium of $789.

At the higher end of the spectrum, Kemper is the most expensive, with rates reaching $1120 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Santa Fe drivers find the best deals.

Cheap Car Insurance Companies in Santa Fe, NM

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
USAA	$728	$123
Encompass	$789	$132
State Farm	$789	$133
Nationwide	$881	$148
Progressive	$930	$157
Central Mutual	$991	$165
Farmers	$1144	$193
Central Insurance	$1236	$206
Farm Bureau	$1242	$211
Allstate	$1444	$243
Kemper	$1120	$186

Key Takeaways

Way's key takeaways about car insurance in Santa Fe

The auto insurance costs in Santa Fe fall around $728 for six months.
The cheapest auto insurance company in Santa Fe is Central Mutual.
Teen drivers pay the highest rate in Santa Fe at $731 per month.

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Cheapest Minimum Liability Car Insurance in Santa Fe

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 Santa Fe are given below.

Central Mutual provides the cheapest minimum car insurance coverage in Santa Fe. Their Average 6 Month Premium is $129. Allstate is the most expensive at $545 for the same period.

Cheapest Liability Coverage in Santa Fe, NM

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Central Mutual	$129	$22
USAA	$165	$28
Central Insurance	$202	$34
Iowa Farm Bureau	$208	$35
Farm Bureau	$245	$41
Encompass	$251	$42
Progressive	$251	$42
State Farm	$269	$45
Kemper	$361	$62
Farmers	$391	$66
Nationwide	$404	$69
Allstate	$545	$92

Cheapest Full Coverage Car Insurance in Santa Fe

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 Santa Fe is USAA at $123 per month and $728 for six months.

Cheapest Full Coverage Car Insurance Quotes in Santa Fe, NM

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
USAA	$728	$123
Encompass	$789	$132
State Farm	$789	$133
Nationwide	$881	$148
Progressive	$930	$157
Central Mutual	$991	$165
Farmers	$1144	$193
Central Insurance	$1236	$206
Farm Bureau	$1242	$211
Allstate	$1444	$243
Kemper	$1120	$186

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Average Car Insurance in Santa Fe 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 Santa Fe, NM increasing?

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

Car Insurance Premiums by Age in Santa Fe

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	$603
40s	MetLife	$562
50s	MetLife	$517
60s	MetLife	$491
70s	MetLife	$639

Cheapest Car Insurance Rates for Teen Drivers in Santa Fe,NM

If you are planning to get a car insurance policy for your teenage dependent, Central Insurance provides the cheapest car insurance in the Santa Fe at $32 per month. At $4344 for a six-month premium, Allstate offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Central Insurance	$190	$32
Iowa Farm Bureau	$275	$46
Kemper	$281	$47
USAA	$1016	$171
State Farm	$1634	$275
Farm Bureau	$1989	$338
Progressive	$2539	$427
Nationwide	$3598	$612
Farmers	$4216	$710
Allstate	$4344	$731

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 Santa Fe.

As young drivers face the highest rates in Santa Fe, MetLife offers the cheapest auto insurance rates at $603 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 Santa Fe, Kemper is the cheapest car insurance provider. At $337 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 Santa Fe is State Farm, offering rates of around $2882 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Kemper	$337	$58
USAA	$851	$142
Progressive	$868	$146
Farmers	$1486	$250
Farm Bureau	$1811	$308
Allstate	$1885	$314
State Farm	$2882	$490

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Car Insurance Rates with An Accident in Santa Fe

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 Santa Fe, NM, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Santa Fe

The cheapest car insurance companies after an at-fault accident in Santa Fe include Central Mutual and Central Insurance, offering $129 and $275, respectively. Allstate is an expensive provider with an average six-month premium of $2172.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Central Mutual	$129	$22
Central Insurance	$275	$46
Encompass	$306	$52
Kemper	$331	$57
Iowa Farm Bureau	$337	$56
USAA	$533	$90
State Farm	$710	$119
Progressive	$777	$131
Farm Bureau	$1694	$282
Farmers	$1989	$335
Nationwide	$2019	$337
Allstate	$2172	$366

Santa Fe Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Santa Fe NM. For example, the car insurance in Santa Fe after a DUI increases to $966 for a six month policy. While the rate increases by $214 for a six-month policy in the case of a speeding ticket.

Santa Fe auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$1034	$172
One Med/PIP claim	$1046	$178
Not-at-fault accident	$1076	$179
One comp claim	$1083	$184
Two Med/PIP claims	$1095	$182
Two comp claims	$1126	$192
Failure to show documents	$1138	$190
Failure to wear a seat belt	$1144	$195
Child safety restraint	$1187	$198
Driving without lights	$1187	$202
In 65 MPH zone	$1224	$204
Cell phone violation	$1230	$209
Texting while driving	$1230	$205
At-fault accident - less than $1000	$1236	$210
Driving with expired registration	$1236	$206
Speeding 11 - 15 MPH over limit	$1248	$212
Speeding 16 - 20 MPH over limit	$1248	$208
Speeding 6 - 10 MPH over limit	$1248	$212
Driving too slowly	$1255	$209
Failure to stop at a red light	$1255	$213
Failure to yield	$1255	$209
Following too closely	$1255	$213
Illegal turn	$1255	$209
Improper passing	$1255	$213
Speeding in school zone	$1255	$209
Wrong way/wrong lane	$1255	$213
Passing school bus	$1273	$212
Operating a vehicle without permission	$1291	$219
Speeding 21 - 25 MPH over limit	$1291	$215
Open container	$1438	$244
At-fault accident - $1000-$2000	$1463	$244
At-fault accident - greater than $2000	$1475	$250
Reckless driving	$1915	$319
Driving with a suspended license	$1921	$327
Refusal to submit to a chemical test	$1946	$324
DUI	$2000	$340
Racing	$2044	$341
Leaving scene of an accident/hit and run	$2056	$349

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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 Santa Fe 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 Santa Fe.

The cheapest car insurance premiums in Santa Fe are offered by Kemper at $331 for a six-month policy. However, it can be as expensive as $2202 with companies like Farm Bureau.

Santa Fe car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Kemper	$331	$56
Central Insurance	$404	$69
Progressive	$722	$122
State Farm	$747	$126
USAA	$838	$141
Farmers	$1224	$206
Nationwide	$1321	$220
Allstate	$1769	$298
Farm Bureau	$2202	$367

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 Santa Fe are offered by Iowa Farm Bureau at $251. However, it can be as expensive as $3310 with companies like Allstate for a similar six-month premium.

Cheapest Car Insurance in Santa Fe after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Iowa Farm Bureau	$251	$42
USAA	$495	$82
State Farm	$575	$97
Progressive	$637	$107
Farm Bureau	$1303	$221
Farmers	$2674	$446
Allstate	$3310	$562

Car Insurance Price Trends in Santa Fe, New Mexico

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

The average cost of full coverage in the Santa Fe rose by $199 in December compared to $195 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 Santa Fe 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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Average Car Insurance Cost in Santa Fe by ZIP Code

The crime rate, the number of accidents, and the probability of natural calamities all determine the car insurance rates in different neighborhoods in the Santa Fe. At $1179 for a six-month policy, insuring your car at 87508 is the cheapest in the city.

Zip Code	Average 6 Mo. Premium	Avg. Monthly Premium
87508	$1179	$197
87506	$1128	$189
87507	$1415	$237
87505	$1261	$211
87501	$1138	$190

Frequently Asked Questions

How much is car insurance in Santa Fe?

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

What is the cheapest car insurance in Santa Fe?

The cheapest car insurance in Santa Fe is $123 per month for full coverage.

How much is car insurance in Santa Fe for teenagers?

Car insurance for teenagers costs $190 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 Santa Fe?

The average cost of car insurance is $996 for a six-month policy. It will cost around $172 per month to insure your car in Santa Fe.

Is car insurance expensive in Santa Fe?

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

What is the best car insurance in Santa Fe, NM?

The best car insurance company in Santa Fe NM is USAA, offering $728 for a six-month policy.