Cheapest Car Insurance Quotes in Valencia

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408,850 Policies Sold

Valencia Car Insurance

^$ 24

/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 Valencia

The car insurance rate in Valencia is $1183 for a six-month policy, which is $127 higher than the higher than the state average. Root Insurance Company offers the lowest rates in the city at $805, making it a popular choice for budget-conscious drivers. Rates in Valencia 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 Valencia

$1183

Avg. Car Insurance in New Mexico

$1056

National Average

$1278

Cheapest Car Insurance Companies in Valencia

1st place: USAA

At $805 for a six month policy, USAA offers the cheapest auto insurance rates in the city.

2nd place: Encompass

Encompass offers auto insurance rates at $858 for a six-month policy, making it one of the cheapest to insure with.

3rd place: Nationwide

Nationwide offers auto insurance rates at $958 for six months, making it the third cheapest auto insurance company in Valencia.

Valencia Car Insurance Rates by Company

Based on our research, the cheapest car insurance company in Valencia, NM is USAA, offering policies at just $805 for a six-month term. This is followed by Encompass, which has an average six-month premium of $858.

At the higher end of the spectrum, Farm Bureau is the most expensive, with rates reaching $1717 for a six-month policy. Rates can vary widely by driver, but comparing quotes from multiple companies can help Valencia drivers find the best deals.

Cheap Car Insurance Companies in Valencia, NM

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
USAA	$805	$136
Encompass	$858	$143
Nationwide	$958	$161
State Farm	$978	$165
Central Mutual	$1077	$184
Progressive	$1151	$194
Central Insurance	$1344	$228
Farmers	$1371	$231
Allstate	$1570	$264
Farm Bureau	$1717	$286

Key Takeaways

Way's key takeaways about car insurance in Valencia

The auto insurance costs in Valencia fall around $805 for six months.
The cheapest auto insurance company in Valencia is Central Mutual.
Teen drivers pay the highest rate in Valencia at $853 per month.

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Cheapest Minimum Liability Car Insurance in Valencia

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 Valencia are given below.

Central Mutual provides the cheapest minimum car insurance coverage in Valencia. Their Average 6 Month Premium is $140. Allstate is the most expensive at $572 for the same period.

Cheapest Liability Coverage in Valencia, NM

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Central Mutual	$140	$24
USAA	$179	$30
Central Insurance	$220	$37
Iowa Farm Bureau	$226	$38
Encompass	$273	$46
State Farm	$312	$53
Farm Bureau	$346	$59
Progressive	$386	$65
Kemper	$392	$67
Nationwide	$439	$73
Farmers	$446	$75
Allstate	$572	$96

Cheapest Full Coverage Car Insurance in Valencia

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 Valencia is USAA at $136 per month and $805 for six months.

Cheapest Full Coverage Car Insurance Quotes in Valencia, NM

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
USAA	$805	$136
Encompass	$858	$143
Nationwide	$958	$161
State Farm	$978	$165
Central Mutual	$1077	$184
Progressive	$1151	$194
Central Insurance	$1344	$228
Farmers	$1371	$231
Allstate	$1570	$264
Farm Bureau	$1717	$286

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Average Car Insurance in Valencia 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 Valencia, NM increasing?

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

Car Insurance Premiums by Age in Valencia

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	$655
40s	MetLife	$612
50s	MetLife	$562
60s	MetLife	$534
70s	MetLife	$694

Cheapest Car Insurance Rates for Teen Drivers in Valencia,NM

If you are planning to get a car insurance policy for your teenage dependent, Central Insurance provides the cheapest car insurance in the Valencia at $35 per month. At $5069 for a six-month premium, Farmers offers the most expensive rate for teen drivers.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Central Insurance	$206	$35
Iowa Farm Bureau	$299	$50
Kemper	$306	$52
USAA	$1151	$194
State Farm	$2055	$346
Farm Bureau	$2840	$483
Progressive	$3566	$600
Nationwide	$3912	$665
Allstate	$4723	$795
Farmers	$5069	$853

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 Valencia.

As young drivers face the highest rates in Valencia, MetLife offers the cheapest auto insurance rates at $655 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 Valencia, Kemper is the cheapest car insurance provider. At $366 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 Valencia is State Farm, offering rates of around $4603 for six months.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Kemper	$366	$63
USAA	$1025	$170
Progressive	$1497	$252
Farmers	$1923	$324
Allstate	$2050	$348
Farm Bureau	$2568	$428
State Farm	$4603	$783

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Car Insurance Rates with An Accident in Valencia

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

Cheapest Car Insurance Companies after an At-Fault Accident in Valencia

The cheapest car insurance companies after an at-fault accident in Valencia include Central Mutual and Central Insurance, offering $140 and $299, respectively. Farmers is an expensive provider with an average six-month premium of $2428.

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Central Mutual	$140	$24
Central Insurance	$299	$50
Encompass	$333	$56
Kemper	$360	$62
Iowa Farm Bureau	$366	$60
USAA	$599	$101
State Farm	$838	$141
Progressive	$1064	$179
Nationwide	$2195	$366
Allstate	$2362	$398
Farm Bureau	$2388	$398
Farmers	$2428	$409

Valencia Car Insurance Rates by Violation

Here is a list of driving violations that can increase your car insurance rates in Valencia NM. For example, the car insurance in Valencia after a DUI increases to $1051 for a six month policy. While the rate increases by $233 for a six-month policy in the case of a speeding ticket.

Valencia auto insurance quotes by violations

Accident/Violation	Avg. 6 Mo Premium	Avg. Monthly Premium
None	$1124	$187
One Med/PIP claim	$1138	$194
Not-at-fault accident	$1170	$195
One comp claim	$1177	$200
Two Med/PIP claims	$1191	$198
Two comp claims	$1224	$208
Failure to show documents	$1238	$206
Failure to wear a seat belt	$1244	$212
Child safety restraint	$1290	$215
Driving without lights	$1290	$220
In 65 MPH zone	$1331	$222
Cell phone violation	$1337	$227
Texting while driving	$1337	$223
At-fault accident - less than $1000	$1344	$228
Driving with expired registration	$1344	$224
Speeding 11 - 15 MPH over limit	$1357	$231
Speeding 16 - 20 MPH over limit	$1357	$226
Speeding 6 - 10 MPH over limit	$1357	$231
Driving too slowly	$1364	$227
Failure to stop at a red light	$1364	$232
Failure to yield	$1364	$227
Following too closely	$1364	$232
Illegal turn	$1364	$227
Improper passing	$1364	$232
Speeding in school zone	$1364	$227
Wrong way/wrong lane	$1364	$232
Passing school bus	$1384	$231
Operating a vehicle without permission	$1403	$239
Speeding 21 - 25 MPH over limit	$1403	$234
Open container	$1564	$265
At-fault accident - $1000-$2000	$1590	$265
At-fault accident - greater than $2000	$1604	$272
Reckless driving	$2082	$347
Driving with a suspended license	$2089	$355
Refusal to submit to a chemical test	$2116	$353
DUI	$2175	$370
Racing	$2222	$371
Leaving scene of an accident/hit and run	$2236	$380

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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 Valencia 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 Valencia.

The cheapest car insurance premiums in Valencia are offered by Kemper at $360 for a six-month policy. However, it can be as expensive as $3154 with companies like Farm Bureau.

Valencia car insurance quotes with a DUI

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Kemper	$360	$60
Central Insurance	$439	$75
USAA	$951	$160
State Farm	$1018	$171
Progressive	$1032	$174
Nationwide	$1437	$244
Farmers	$1497	$252
Allstate	$1923	$324
Farm Bureau	$3154	$525

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 Valencia are offered by Iowa Farm Bureau at $273. However, it can be as expensive as $3286 with companies like Farmers for a similar six-month premium.

Cheapest Car Insurance in Valencia after Speeding ticket

Company	Avg. 6 Mo. Premium	Avg. Monthly Premium
Iowa Farm Bureau	$273	$46
State Farm	$692	$116
USAA	$692	$118
Progressive	$1310	$221
Farm Bureau	$1849	$315
Allstate	$3286	$548
Farmers	$3286	$559

Car Insurance Price Trends in Valencia, New Mexico

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

The average cost of full coverage in the Valencia remained steady at $248 in both February and January, indicating no change over the two month period.

The average cost of liability insurance in the Valencia remained steady at $56 in both February and January, indicating no change over the two month period.

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Frequently Asked Questions

How much is car insurance in Valencia?

The car insurance in Valencia is $24 per month, which is lower than the national average.

What is the cheapest car insurance in Valencia?

The cheapest car insurance in Valencia is $136 per month for full coverage.

How much is car insurance in Valencia for teenagers?

Car insurance for teenagers costs $206 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 Valencia?

The average cost of car insurance is $1056 for a six-month policy. It will cost around $198 per month to insure your car in Valencia.

Is car insurance expensive in Valencia?

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

What is the best car insurance in Valencia, NM?

The best car insurance company in Valencia NM is USAA, offering $805 for a six-month policy.