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Finding the cheapest car insurance quotes in Smith Lake 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.
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 Smith Lake
The car insurance rate in Smith Lake is $946 for a six-month policy, which is $50 lower than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $672, making it a popular choice for budget-conscious drivers. Rates in Smith Lake 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.
At $672 for a six
month policy, USAA offers
the cheapest
auto
insurance rates in the city.
2nd place: Encompass
Encompass offers auto
insurance rates at $728 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 $728
for six months, making it
the third cheapest auto insurance company in Smith Lake.
Smith Lake Car Insurance Rates by Company
Based on our research, the cheapest car insurance company in Smith Lake, NM is USAA, offering policies at just $672 for a six-month term. This is followed by Encompass, which has an average six-month premium of $728.
At the higher end of the spectrum, Kemper is the most expensive, with rates reaching $1033 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Smith Lake drivers find the best deals.
Way's key takeaways about car insurance in Smith Lake
The auto insurance costs in Smith Lake fall around $672 for six
months.
The cheapest auto insurance company in Smith Lake is Central Mutual.
Teen drivers pay the highest rate in Smith Lake at $675 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 Smith Lake
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 Smith Lake are given below.
Central Mutual provides
the cheapest minimum car insurance
coverage in Smith Lake. Their Average 6 Month Premium is $119.
Allstate is the most
expensive at $503 for the same
period.
Cheapest Full Coverage Car Insurance in Smith Lake
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 Smith Lake is USAA
at $113 per month and $672
for six months.
Cheapest Full Coverage Car Insurance Quotes in Smith Lake,
NM
Get Your Car Insurance Quote in Smith Lake
Instantly!
Average Car Insurance in Smith Lake 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 Smith Lake, NM increasing?
Despite maintaining a clean driving record, your car insurance rates
in Smith Lake, 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, Smith Lake's high urban population density, raised
auto
theft rates, and frequent natural disasters contribute to increased insurance costs.
Car Insurance Premiums by Age in Smith Lake
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
$556
40s
MetLife
$519
50s
MetLife
$477
60s
MetLife
$453
70s
MetLife
$589
Cheapest Car Insurance Rates for Teen Drivers in
Smith Lake,NM
If you are planning to get a car insurance policy for your teenage
dependent, Central Insurance provides the cheapest car
insurance in the Smith Lake at $29
per
month. At $4006 for a six-month premium,
Allstate offers the most expensive rate for
teen drivers.
If you are in your twenties MetLife is
the best choice for car
insurance in Smith Lake.
As young drivers face the highest rates in Smith Lake, MetLife
offers the cheapest auto insurance rates at $556 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 Smith Lake,
Kemper is
the cheapest car insurance provider. At $311 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
Smith Lake is State Farm, offering
rates of around $2658 for six
months.
Save up to $971/yr on car insurance rates in Smith Lake.
Car Insurance Rates with An Accident in Smith Lake
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 Smith Lake, NM,
accidents can lead to
significant hikes in your premiums.
Cheapest Car Insurance Companies after an At-Fault Accident
in Smith Lake
The cheapest car insurance companies after an at-fault accident in
Smith Lake include Central Mutual
and Central Insurance, offering $119
and $254,
respectively. Allstate is an expensive provider
with an average six-month premium of
$2004.
Here is a list of driving violations that can increase your car
insurance rates in Smith Lake NM. For example, the car
insurance in Smith Lake
after a DUI increases to $891 for a six
month policy. While the rate increases by $197 for a six-month policy in the case of
a speeding ticket.
Smith Lake auto insurance quotes by violations
Accident/Violation
Avg. 6 Mo Premium
Avg. Monthly Premium
None
$954
$159
One Med/PIP claim
$965
$164
Not-at-fault accident
$993
$165
One comp claim
$998
$170
Two Med/PIP claims
$1010
$168
Two comp claims
$1038
$177
Failure to show documents
$1050
$175
Failure to wear a seat belt
$1055
$180
Child safety restraint
$1094
$182
Driving without lights
$1094
$186
In 65 MPH zone
$1129
$188
Cell phone violation
$1134
$193
Texting while driving
$1134
$189
At-fault accident - less than $1000
$1140
$194
Driving with expired registration
$1140
$190
Speeding 11 - 15 MPH over limit
$1151
$196
Speeding 16 - 20 MPH over limit
$1151
$192
Speeding 6 - 10 MPH over limit
$1151
$196
Driving too slowly
$1157
$193
Failure to stop at a red light
$1157
$197
Failure to yield
$1157
$193
Following too closely
$1157
$197
Illegal turn
$1157
$193
Improper passing
$1157
$197
Speeding in school zone
$1157
$193
Wrong way/wrong lane
$1157
$197
Passing school bus
$1174
$196
Operating a vehicle without permission
$1190
$202
Speeding 21 - 25 MPH over limit
$1190
$199
Open container
$1326
$225
At-fault accident - $1000-$2000
$1349
$225
At-fault accident - greater than $2000
$1360
$231
Reckless driving
$1766
$295
Driving with a suspended license
$1772
$301
Refusal to submit to a chemical test
$1795
$299
DUI
$1845
$314
Racing
$1885
$314
Leaving scene of an accident/hit and run
$1896
$322
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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 Smith Lake 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 Smith Lake.
The cheapest car insurance premiums in
Smith Lake are
offered by Kemper at $305 for a six-month policy.
However, it can be as
expensive as $2031 with companies
like Farm Bureau.
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 Smith Lake are offered by Iowa Farm Bureau
at $232. However,
it can be as expensive as $3053
with companies like Allstate for a similar
six-month premium.
Cheapest Car Insurance in Smith Lake after Speeding ticket
Car Insurance Price Trends in Smith Lake,
New Mexico
Car insurance rates in Smith Lake have fluctuated due to factors
such as state regulations, inflation, and changing driving habits.
The average cost of full coverage in the Smith Lake rose by
$183 in December
compared to $180 of November. In other words, there has been an increase by $3 when you
compare December and November.
The average cost of liability insurance in the Smith Lake rose to $44 in December,
compared to $41 in November.
This represents an increase of $3
when comparing December and November.
Average Car Insurance Cost in Smith Lake 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
Smith Lake. At $N/A for a
six-month policy, insuring
your car at N/A is the cheapest
in the city.
Zip Code
Average 6 Mo. Premium
Avg. Monthly Premium
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Frequently Asked Questions
How much is car insurance in Smith Lake?
The car insurance in Smith Lake is $20 per month, which is lower than the national average.
What is the cheapest car insurance in Smith Lake?
The cheapest car insurance in Smith Lake
is $113 per month
for full coverage.
How much is car insurance in Smith Lake for teenagers?
Car insurance for teenagers costs $175 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
Smith Lake?
The average cost of car insurance is $996 for a six-month
policy. It will cost around $159 per month to insure your
car in Smith Lake.
Is car insurance expensive in Smith Lake?
Car insurance can be expensive in Smith Lake if your
rating
factors are not favorable. However, with a clean driving record and good
credit
score, car insurance rates in Smith Lake can be
affordable.
What is the best car insurance in Smith Lake,
NM?
The best car insurance company in Smith Lake
NM is
USAA, offering $672 for a
six-month policy.
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Find Car Insurance Rates in Cities Near Smith Lake, NM
Car Insurance Rates by State in the USA (2025 Update)
Smith Lake Car Insurance
