Cheapest Car Insurance Quotes in Silver City

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Silver City Car Insurance

^$ 18

/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 Silver City

The car insurance rate in Silver City is $898 for a six-month policy, which is $158 lower than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $611, making it a popular choice for budget-conscious drivers. Rates in Silver City 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 Silver City

$898

Avg. Car Insurance in New Mexico

$1056

National Average

$1278

Cheapest Car Insurance Companies in Silver City

1st place: USAA

At $611 for a six month policy, USAA offers the cheapest auto insurance rates in the city.

2nd place: Encompass

Encompass offers auto insurance rates at $651 for a six-month policy, making it one of the cheapest to insure with.

3rd place: Nationwide

Nationwide offers auto insurance rates at $727 for six months, making it the third cheapest auto insurance company in Silver City.

Silver City Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Silver City, NM is USAA, offering policies at just $611 for a six-month term. This is followed by Encompass, which has an average six-month premium of $651.

At the higher end of the spectrum, Farm Bureau is the most expensive, with rates reaching $1303 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Silver City drivers find the best deals.

Cheap Car Insurance Companies in Silver City, NM

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
USAA	$611	$103
Encompass	$651	$109
Nationwide	$727	$122
State Farm	$742	$125
Central Mutual	$818	$139
Progressive	$874	$147
Central Insurance	$1020	$173
Farmers	$1040	$175
Allstate	$1192	$201
Farm Bureau	$1303	$217

Key Takeaways

Way's key takeaways about car insurance in Silver City

The auto insurance costs in Silver City fall around $611 for six months.
The cheapest auto insurance company in Silver City is Central Mutual.
Teen drivers pay the highest rate in Silver City at $648 per month.

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Cheapest Minimum Liability Car Insurance in Silver City

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 Silver City are given below.

Central Mutual provides the cheapest minimum car insurance coverage in Silver City. Their Average 6 Month Premium is $106. Allstate is the most expensive at $434 for the same period.

Cheapest Liability Coverage in Silver City, NM

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Central Mutual	$106	$18
USAA	$136	$23
Central Insurance	$167	$28
Iowa Farm Bureau	$172	$29
Encompass	$207	$35
State Farm	$237	$40
Farm Bureau	$263	$45
Progressive	$293	$49
Kemper	$298	$51
Nationwide	$333	$55
Farmers	$338	$57
Allstate	$434	$73

Cheapest Full Coverage Car Insurance in Silver City

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 Silver City is USAA at $103 per month and $611 for six months.

Cheapest Full Coverage Car Insurance Quotes in Silver City, NM

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
USAA	$611	$103
Encompass	$651	$109
Nationwide	$727	$122
State Farm	$742	$125
Central Mutual	$818	$139
Progressive	$874	$147
Central Insurance	$1020	$173
Farmers	$1040	$175
Allstate	$1192	$201
Farm Bureau	$1303	$217

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Average Car Insurance in Silver City 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 Silver City, NM increasing?

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

Car Insurance Premiums by Age in Silver City

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	$497
40s	MetLife	$464
50s	MetLife	$427
60s	MetLife	$405
70s	MetLife	$527

Cheapest Car Insurance Rates for Teen Drivers in Silver City,NM

If you are planning to get a car insurance policy for your teenage dependent, Central Insurance provides the cheapest car insurance in the Silver City at $26 per month. At $3847 for a six-month premium, Farmers offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Central Insurance	$156	$26
Iowa Farm Bureau	$227	$38
Kemper	$232	$39
USAA	$874	$147
State Farm	$1560	$263
Farm Bureau	$2156	$366
Progressive	$2706	$456
Nationwide	$2969	$505
Allstate	$3584	$604
Farmers	$3847	$648

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 Silver City.

As young drivers face the highest rates in Silver City, MetLife offers the cheapest auto insurance rates at $497 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 Silver City, Kemper is the cheapest car insurance provider. At $278 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 Silver City is State Farm, offering rates of around $3494 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Kemper	$278	$48
USAA	$778	$129
Progressive	$1136	$191
Farmers	$1459	$246
Allstate	$1556	$264
Farm Bureau	$1949	$325
State Farm	$3494	$594

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Car Insurance Rates with An Accident in Silver City

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 Silver City, NM, accidents can lead to significant hikes in your premiums.

Cheapest Car Insurance Companies after an At-Fault Accident in Silver City

The cheapest car insurance companies after an at-fault accident in Silver City include Central Mutual and Central Insurance, offering $106 and $227, respectively. Farmers is an expensive provider with an average six-month premium of $1843.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Central Mutual	$106	$18
Central Insurance	$227	$38
Encompass	$252	$43
Kemper	$273	$47
Iowa Farm Bureau	$278	$46
USAA	$455	$77
State Farm	$636	$107
Progressive	$808	$136
Nationwide	$1666	$278
Allstate	$1793	$302
Farm Bureau	$1812	$302
Farmers	$1843	$310

Silver City Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Silver City NM. For example, the car insurance in Silver City after a DUI increases to $798 for a six month policy. While the rate increases by $177 for a six-month policy in the case of a speeding ticket.

Silver City auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$853	$142
One Med/PIP claim	$864	$147
Not-at-fault accident	$888	$148
One comp claim	$893	$152
Two Med/PIP claims	$904	$150
Two comp claims	$929	$158
Failure to show documents	$939	$156
Failure to wear a seat belt	$944	$161
Child safety restraint	$979	$163
Driving without lights	$979	$167
In 65 MPH zone	$1010	$168
Cell phone violation	$1015	$173
Texting while driving	$1015	$169
At-fault accident - less than $1000	$1020	$173
Driving with expired registration	$1020	$170
Speeding 11 - 15 MPH over limit	$1030	$175
Speeding 16 - 20 MPH over limit	$1030	$172
Speeding 6 - 10 MPH over limit	$1030	$175
Driving too slowly	$1035	$173
Failure to stop at a red light	$1035	$176
Failure to yield	$1035	$173
Following too closely	$1035	$176
Illegal turn	$1035	$173
Improper passing	$1035	$176
Speeding in school zone	$1035	$173
Wrong way/wrong lane	$1035	$176
Passing school bus	$1051	$175
Operating a vehicle without permission	$1065	$181
Speeding 21 - 25 MPH over limit	$1065	$178
Open container	$1187	$201
At-fault accident - $1000-$2000	$1207	$201
At-fault accident - greater than $2000	$1217	$207
Reckless driving	$1580	$264
Driving with a suspended license	$1585	$269
Refusal to submit to a chemical test	$1606	$268
DUI	$1651	$281
Racing	$1686	$281
Leaving scene of an accident/hit and run	$1697	$288

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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 Silver City 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 Silver City.

The cheapest car insurance premiums in Silver City are offered by Kemper at $273 for a six-month policy. However, it can be as expensive as $2394 with companies like Farm Bureau.

Silver City car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Kemper	$273	$46
Central Insurance	$333	$57
USAA	$722	$122
State Farm	$773	$130
Progressive	$783	$132
Nationwide	$1091	$185
Farmers	$1136	$191
Allstate	$1459	$246
Farm Bureau	$2394	$399

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 Silver City are offered by Iowa Farm Bureau at $207. However, it can be as expensive as $2494 with companies like Farmers for a similar six-month premium.

Cheapest Car Insurance in Silver City after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Iowa Farm Bureau	$207	$35
State Farm	$525	$88
USAA	$525	$89
Progressive	$995	$167
Farm Bureau	$1403	$239
Allstate	$2494	$416
Farmers	$2494	$424

Car Insurance Price Trends in Silver City, New Mexico

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

The average cost of full coverage in the Silver City remained steady at $188 in both March and February, indicating no change over the two month period.

The average cost of liability insurance in the Silver City remained steady at $43 in both March and February, indicating no change over the two month period.

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Frequently Asked Questions

How much is car insurance in Silver City?

The car insurance in Silver City is $18 per month, which is lower than the national average.

What is the cheapest car insurance in Silver City?

The cheapest car insurance in Silver City is $103 per month for full coverage.

How much is car insurance in Silver City for teenagers?

Car insurance for teenagers costs $156 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 Silver City?

The average cost of car insurance is $1056 for a six-month policy. It will cost around $150 per month to insure your car in Silver City.

Is car insurance expensive in Silver City?

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

What is the best car insurance in Silver City, NM?

The best car insurance company in Silver City NM is USAA, offering $611 for a six-month policy.