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Average cost of car insurance in New Mexico for 2024
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
How much is car insurance in New Mexico?
New Mexico drivers pay an average of $574 for minimum coverage and $2,331 for full coverage car insurance per year. Several factors may impact auto insurance rates in New Mexico, including the city you live in as well as your age, gender, marital status, driving record and credit history. It may be beneficial to notify your insurance carrier and shop around anytime you have a significant life event, such as a change in your daily commute or marital status.
The average cost of car insurance in the U.S. is $678 per year for minimum coverage and $2,458 for a full coverage policy. When compared to average car insurance rates in many other states, drivers in New Mexico typically enjoy lower premiums.
Key takeaways
- The average full coverage premium in New Mexico is $2,331 per year, which is around $194 per month. For minimum coverage, the average is $574 per year, which is approximately $48 per month.
- New Mexico drivers with poor credit pay, on average, 92 percent more than drivers with good credit.
- A speeding ticket conviction increases New Mexico car insurance rates by an average of 17 percent more, while a DUI causes an average increase of around 72 percent more.
- In New Mexico, 18-year-old drivers on their own policies typically pay more than any other age group.
What would you like to do today?
New Mexico car insurance rates by city
The city you live in may also impact your New Mexico car insurance rate. Each city has its own crime statistics, repair costs, population density and weather events that may raise or lower average car insurance costs. Below you can compare average rates in some of New Mexico's largest cities against the state average.
Sorry, we don't have enough data yet on this city yet!
But these other cities in the state may give you some insight.
| City | Avg. annual full coverage premium | Avg. savings vs. state average |
|---|---|---|
| Navajo Dam | $2,030 | -14% |
| Santa Fe | $2,271 | -3% |
| Amalia | $2,373 | +2% |
| Hernandez | $2,312 | -1% |
| La Madera | $2,322 | -0% |
| Tesuque | $2,238 | -4% |
| Mills | $2,246 | -4% |
| Watrous | $2,241 | -4% |
| Winston | $2,036 | -14% |
| Berino | $2,152 | -8% |
| Mule Creek | $1,982 | -16% |
| Silver City | $1,923 | -19% |
| Broadview | $2,284 | -2% |
| Crossroads | $2,269 | -3% |
| Taiban | $2,289 | -2% |
| Lakewood | $2,358 | +1% |
| Malaga | $2,396 | +3% |
| Whites City | $2,389 | +2% |
| Mescalero | $2,133 | -9% |
| Orogrande | $2,140 | -9% |
| Ruidoso | $2,115 | -10% |
| Weed | $2,064 | -12% |
| Holman | $2,260 | -3% |
| Montezuma | $2,285 | -2% |
| Springer | $2,242 | -4% |
| Lemitar | $2,192 | -6% |
| Polvadera | $2,192 | -6% |
| Las Cruces | $2,108 | -10% |
| Lordsburg | $1,953 | -18% |
| Mimbres | $1,945 | -18% |
| Yatahey | $2,143 | -8% |
| Aztec | $2,024 | -14% |
| La Plata | $2,028 | -14% |
| Shiprock | $2,066 | -12% |
| Arroyo Seco | $2,394 | +3% |
| Chamisal | $2,332 | +0% |
| Glorieta | $2,295 | -2% |
| Llano | $2,344 | +1% |
| Medanales | $2,341 | +0% |
| Red River | $2,354 | +1% |
| Jemez Springs | $2,292 | -2% |
| Regina | $2,294 | -2% |
| San Fidel | $2,127 | -9% |
| Albuquerque | $2,605 | +11% |
| Rio Rancho | $2,382 | +2% |
| Newcomb | $2,132 | -9% |
| Alcalde | $2,327 | -0% |
| Cebolla | $2,311 | -1% |
| Chama | $2,366 | +1% |
| Espanola | $2,332 | +0% |
| Ohkay Owingeh | $2,336 | +0% |
| Truchas | $2,319 | -1% |
| Los Lunas | $2,460 | +5% |
| House | $2,240 | -4% |
| Kenna | $2,239 | -4% |
| Roswell | $2,314 | -1% |
| Caprock | $2,332 | +0% |
| Jal | $2,324 | -0% |
| Maljamar | $2,360 | +1% |
| Monument | $2,371 | +2% |
| Holloman Air Force Base | $1,942 | -18% |
| Picacho | $2,200 | -6% |
| Tucumcari | $2,245 | -4% |
| Bard | $2,235 | -4% |
| Folsom | $2,304 | -1% |
| Gladstone | $2,281 | -2% |
| Bosque | $2,334 | +0% |
| Gallina | $2,396 | +3% |
| La Loma | $2,258 | -3% |
| Rociada | $2,313 | -1% |
| Wagon Mound | $2,278 | -2% |
| San Acacia | $2,188 | -6% |
| Arrey | $2,044 | -13% |
| Caballo | $2,002 | -15% |
| Garfield | $1,976 | -16% |
| Hatch | $2,036 | -14% |
| Deming | $1,917 | -20% |
| Hanover | $1,931 | -19% |
| Hillsboro | $2,003 | -15% |
| La Mesa | $2,086 | -11% |
| Organ | $2,138 | -9% |
| Floyd | $2,247 | -4% |
| Carlsbad | $2,385 | +2% |
| Hobbs | $2,377 | +2% |
| Lincoln | $2,179 | -7% |
| Ruidoso Downs | $2,197 | -6% |
| Newkirk | $2,310 | -1% |
| Trementina | $2,333 | +0% |
| Pena Blanca | $2,273 | -3% |
| Ramah | $2,115 | -10% |
| Cubero | $2,146 | -8% |
| Counselor | $2,262 | -3% |
| Eagle Nest | $2,249 | -4% |
| Jarales | $2,392 | +3% |
| Jemez Pueblo | $2,282 | -2% |
| Laguna | $2,259 | -3% |
| Ponderosa | $2,317 | -1% |
| Santo Domingo Pueblo | $2,296 | -2% |
| San Ysidro | $2,308 | -1% |
| Cerrillos | $2,236 | -4% |
| Edgewood | $2,325 | -0% |
| Tohatchi | $2,098 | -11% |
| Flora Vista | $2,007 | -15% |
| Abiquiu | $2,339 | +0% |
| Costilla | $2,358 | +1% |
| Dixon | $2,323 | -0% |
| Ranchos De Taos | $2,357 | +1% |
| Vadito | $2,348 | +1% |
| Vallecitos | $2,351 | +1% |
| Paguate | $2,225 | -5% |
| Placitas | $2,315 | -1% |
| Tijeras | $2,449 | +5% |
| Willard | $2,340 | +0% |
| La Jara | $2,310 | -1% |
| Lindrith | $2,315 | -1% |
| Pueblo Of Acoma | $2,184 | -7% |
| Moriarty | $2,354 | +1% |
| Nageezi | $2,123 | -9% |
| Peralta | $2,460 | +5% |
| Prewitt | $2,086 | -11% |
| Clines Corners | $2,254 | -3% |
| Gallup | $2,072 | -12% |
| Algodones | $2,317 | -1% |
| Coyote | $2,350 | +1% |
| Estancia | $2,381 | +2% |
| Milan | $2,071 | -12% |
| Sandia Park | $2,444 | +5% |
| Chaparral | $2,150 | -8% |
| Lingo | $2,247 | -4% |
| Fort Stanton | $2,094 | -11% |
| Glencoe | $2,172 | -7% |
| Hondo | $2,175 | -7% |
| Pinon | $2,148 | -8% |
| San Patricio | $2,137 | -9% |
| Cleveland | $2,299 | -1% |
| Magdalena | $2,140 | -9% |
| Elephant Butte | $1,941 | -18% |
| Santa Teresa | $2,172 | -7% |
| Glenwood | $2,011 | -15% |
| Hachita | $1,949 | -18% |
| Clovis | $2,268 | -3% |
| Melrose | $2,309 | -1% |
| Texico | $2,294 | -2% |
| Eunice | $2,353 | +1% |
| Rainsville | $2,256 | -3% |
| Roy | $2,233 | -4% |
| Aragon | $2,026 | -14% |
| San Antonio | $2,135 | -9% |
| Williamsburg | $1,965 | -17% |
| Playas | $1,995 | -16% |
| Arenas Valley | $1,929 | -19% |
| Buckhorn | $1,932 | -19% |
| Columbus | $1,969 | -17% |
| Zuni | $2,057 | -12% |
| Blanco | $2,019 | -14% |
| Chimayo | $2,393 | +3% |
| Los Ojos | $2,395 | +3% |
| Valmora | $2,308 | -1% |
| Datil | $2,179 | -7% |
| Rincon | $2,083 | -11% |
| Sunland Park | $2,210 | -5% |
| Tres Piedras | $2,359 | +1% |
| Elida | $2,236 | -4% |
| Fort Sumner | $2,284 | -2% |
| Grady | $2,305 | -1% |
| Rogers | $2,241 | -4% |
| Lovington | $2,381 | +2% |
| Alamogordo | $1,879 | -21% |
| Cloudcroft | $2,071 | -12% |
| Encino | $2,286 | -2% |
| Capulin | $2,261 | -3% |
| Conchas Dam | $2,319 | -1% |
| Grenville | $2,297 | -1% |
| Pep | $2,255 | -3% |
| Portales | $2,205 | -6% |
| Yeso | $2,313 | -1% |
| Lake Arthur | $2,308 | -1% |
| Carrizozo | $2,089 | -11% |
| Alto | $2,149 | -8% |
| Bent | $2,002 | -15% |
| Mayhill | $2,207 | -5% |
| Nogal | $2,106 | -10% |
| Tularosa | $1,983 | -16% |
| Amistad | $2,271 | -3% |
| Bluewater | $2,110 | -10% |
| Tatum | $2,275 | -2% |
| Corona | $2,297 | -1% |
| Sunspot | $2,148 | -8% |
| Tinnie | $2,274 | -2% |
| Clayton | $2,278 | -2% |
| Garita | $2,327 | -0% |
| Mcalister | $2,256 | -3% |
| Saint Vrain | $2,294 | -2% |
| Loving | $2,392 | +3% |
| Logan | $2,272 | -3% |
| Crownpoint | $2,113 | -10% |
| Milnesand | $2,259 | -3% |
| Hope | $2,292 | -2% |
| Loco Hills | $2,332 | +0% |
| Cuervo | $2,258 | -3% |
| Mosquero | $2,289 | -2% |
| Animas | $1,945 | -18% |
| Ojo Feliz | $2,246 | -4% |
| Derry | $2,074 | -12% |
| Anthony | $2,140 | -9% |
| Bayard | $1,922 | -19% |
| Faywood | $1,958 | -17% |
| Gila | $1,978 | -16% |
| San Jon | $2,244 | -4% |
| Dona Ana | $2,118 | -10% |
| Hurley | $1,924 | -19% |
| Redrock | $1,971 | -17% |
| Sedan | $2,268 | -3% |
| Quay | $2,213 | -5% |
| La Joya | $2,213 | -5% |
| San Rafael | $2,123 | -9% |
| Torreon | $2,296 | -2% |
| Fence Lake | $2,087 | -11% |
| Gamerco | $2,116 | -10% |
| Casa Blanca | $2,230 | -4% |
| Claunch | $2,155 | -8% |
| Bernalillo | $2,356 | +1% |
| Stanley | $2,332 | +0% |
| Veguita | $2,264 | -3% |
| Cochiti Pueblo | $2,381 | +2% |
| Church Rock | $2,122 | -9% |
| Continental Divide | $2,088 | -11% |
| Mentmore | $2,149 | -8% |
| Thoreau | $2,108 | -10% |
| Jamestown | $2,135 | -9% |
| Kirtland | $2,028 | -14% |
| El Prado | $2,382 | +2% |
| Penasco | $2,321 | -0% |
| San Cristobal | $2,347 | +1% |
| Serafina | $2,249 | -4% |
| Tererro | $2,329 | -0% |
| Pinehill | $2,145 | -8% |
| Fruitland | $2,044 | -13% |
| Ilfeld | $2,320 | -0% |
| Lamy | $2,215 | -5% |
| Pecos | $2,324 | -0% |
| Santa Cruz | $2,276 | -2% |
| Valdez | $2,345 | +1% |
| Anton Chico | $2,261 | -3% |
| Sheep Springs | $2,128 | -9% |
| Canones | $2,325 | -0% |
| Carson | $2,371 | +2% |
| Cerro | $2,359 | +1% |
| Embudo | $2,346 | +1% |
| Ojo Caliente | $2,333 | +0% |
| Velarde | $2,358 | +1% |
| Youngsville | $2,374 | +2% |
| Fort Wingate | $2,105 | -10% |
| Mexican Springs | $2,075 | -12% |
| Isleta | $2,541 | +9% |
| Cochiti Lake | $2,275 | -2% |
| Rehoboth | $2,128 | -9% |
| Belen | $2,520 | +8% |
| Cuba | $2,229 | -4% |
| Cimarron | $2,315 | -1% |
| Miami | $2,284 | -2% |
| Mora | $2,335 | +0% |
| Raton | $2,252 | -3% |
| Sapello | $2,294 | -2% |
| Quemado | $2,112 | -10% |
| Monticello | $1,983 | -16% |
| Rodeo | $1,969 | -17% |
| Maxwell | $2,253 | -3% |
| Socorro | $2,215 | -5% |
| Pie Town | $2,137 | -9% |
| White Sands Missile Range | $2,129 | -9% |
| Cliff | $1,981 | -16% |
| Mesquite | $2,096 | -11% |
| Smith Lake | $2,142 | -8% |
| Farmington | $2,004 | -15% |
| Cedarvale | $2,359 | +1% |
| Grants | $2,049 | -13% |
| New Laguna | $2,279 | -2% |
| Kirtland Afb | $2,462 | +5% |
| Brimhall | $2,069 | -12% |
| Vado | $2,089 | -11% |
| Causey | $2,253 | -3% |
| Dexter | $2,333 | +0% |
| Hagerman | $2,323 | -0% |
| High Rolls Mountain Park | $2,121 | -9% |
| La Luz | $2,002 | -15% |
| Sacramento | $2,057 | -12% |
| Timberon | $2,165 | -7% |
| Guadalupita | $2,287 | -2% |
| Ocate | $2,300 | -1% |
| Solano | $2,258 | -3% |
| Ute Park | $2,260 | -3% |
| Luna | $2,011 | -15% |
| Reserve | $2,018 | -14% |
| Truth Or Consequences | $2,006 | -15% |
| Salem | $2,005 | -15% |
| Santa Clara | $1,915 | -20% |
| Fort Bayard | $1,949 | -18% |
| Mesilla Park | $2,105 | -10% |
| Cedar Crest | $2,450 | +5% |
| Bloomfield | $2,048 | -13% |
| Mountainair | $2,375 | +2% |
| Corrales | $2,443 | +5% |
| Bosque Farms | $2,398 | +3% |
| Santa Rosa | $2,223 | -5% |
| Nara Visa | $2,271 | -3% |
| Sanostee | $2,128 | -9% |
| Canjilon | $2,337 | +0% |
| Taos Ski Valley | $2,384 | +2% |
| El Rito | $2,342 | +0% |
| Los Alamos | $2,049 | -13% |
| Questa | $2,375 | +2% |
| Ribera | $2,318 | -1% |
| Rowe | $2,353 | +1% |
| San Jose | $2,320 | -0% |
| Buena Vista | $2,246 | -4% |
| Artesia | $2,276 | -2% |
| Mcdonald | $2,374 | +2% |
| Capitan | $2,159 | -8% |
| Des Moines | $2,301 | -1% |
| Vanderwagen | $2,131 | -9% |
| Navajo | $2,117 | -10% |
| Dulce | $2,378 | +2% |
| Taos | $2,354 | +1% |
| Trampas | $2,363 | +1% |
| Chacon | $2,311 | -1% |
| Waterflow | $2,035 | -14% |
| Petaca | $2,333 | +0% |
| Tierra Amarilla | $2,325 | -0% |
| Las Vegas | $2,298 | -1% |
| Angel Fire | $2,260 | -3% |
Average car insurance costs by age and gender in New Mexico
The average cost of car insurance in NM varies based on your age and gender. Although not all states allow the use of age and gender as insurance rating factors, New Mexico does. Those under the age of 25 typically pay more for car insurance and are viewed as high-risk drivers, while average rates tend to decline as you age (until your 70s). Men also pay more, on average, than women because they are more likely to engage in risky driving behaviors like speeding.
The average premiums below are based on drivers with their own policy, with the exception of 16-year-old drivers, who are listed on their parents' policy.
|
|
|
|
|---|---|---|
|
Age 16*
|
Average annual full coverage premium in NM
$4,667
|
Average minimum coverage premium in NM
$1,447
|
|
Age 18
|
Average annual full coverage premium in NM
$7,018
|
Average minimum coverage premium in NM
$2,077
|
|
Age 20
|
Average annual full coverage premium in NM
$4,870
|
Average minimum coverage premium in NM
$1,336
|
|
Age 25
|
Average annual full coverage premium in NM
$2,923
|
Average minimum coverage premium in NM
$719
|
|
Age 30
|
Average annual full coverage premium in NM
$2,452
|
Average minimum coverage premium in NM
$579
|
|
Age 40
|
Average annual full coverage premium in NM
$2,321
|
Average minimum coverage premium in NM
$552
|
|
Age 50
|
Average annual full coverage premium in NM
$2,120
|
Average minimum coverage premium in NM
$508
|
|
Age 60
|
Average annual full coverage premium in NM
$2,065
|
Average minimum coverage premium in NM
$506
|
|
Age 70
|
Average annual full coverage premium in NM
$2,232
|
Average minimum coverage premium in NM
$595
|
|
|
|
|
|---|---|---|
|
Age 16*
|
Average annual full coverage premium in NM
$4,413
|
Average minimum coverage premium in NM
$1,385
|
|
Age 18
|
Average annual full coverage premium in NM
$6,500
|
Average minimum coverage premium in NM
$1,952
|
|
Age 20
|
Average annual full coverage premium in NM
$4,319
|
Average minimum coverage premium in NM
$1,260
|
|
Age 25
|
Average annual full coverage premium in NM
$2,727
|
Average minimum coverage premium in NM
$689
|
|
Age 30
|
Average annual full coverage premium in NM
$2,413
|
Average minimum coverage premium in NM
$603
|
|
Age 40
|
Average annual full coverage premium in NM
$2,308
|
Average minimum coverage premium in NM
$582
|
|
Age 50
|
Average annual full coverage premium in NM
$2,043
|
Average minimum coverage premium in NM
$516
|
|
Age 60
|
Average annual full coverage premium in NM
$2,051
|
Average minimum coverage premium in NM
$518
|
|
Age 70
|
Average annual full coverage premium in NM
$2,198
|
Average minimum coverage premium in NM
$596
|
Bankrate’s take: While younger drivers pay more for car insurance due to inexperience, historically, men tend to pay the most. Statistically, men are more prone than women to road rage and aggressive behaviors that trigger it, such as speeding, gesturing and preventing other cars from merging. As drivers get older, the average cost of car insurance starts to even out, though.
Cost considerations for young drivers in New Mexico
Young drivers may be able to offset some of their age-related premium hikes by remaining insured on their parents' policies. For instance, an 18-year-old on their own policy would pay, on average, 77 percent more for coverage than they would on their parents’ policy. Unfortunately, drivers who own their own vehicle or no longer live with their parents may be required to carry their own policy.
|
|
|
|---|---|
|
Age 16*
|
Avg. annual premium for drivers in NM
$4,540
|
|
Age 17
|
Avg. annual premium for drivers in NM
$4,174
|
|
Age 18
|
Avg. annual premium for drivers in NM
$3,827
|
|
Age 19
|
Avg. annual premium for drivers in NM
$3,478
|
|
Age 20
|
Avg. annual premium for drivers in NM
$3,265
|
|
|
|
|---|---|
|
Age 18
|
Avg. annual premium for drivers in NM
$6,937
|
|
Age 19
|
Avg. annual premium for drivers in NM
$5,280
|
|
Age 20
|
Avg. annual premium for drivers in NM
$4,735
|
| Age | Avg. annual premium difference for drivers on their own policy |
|---|---|
| Age 18 | 78 percent more |
| Age 19 | 49 percent more |
| Age 20 | 42 percent more |
*18- and 20-year-old are renters on their own policies with no discounts applied
How does driving record impact the cost of car insurance in New Mexico?
Drivers with tickets, accidents or DUI convictions on their records typically see higher rates than drivers with a clean record. More serious offenses, like a DUI or multiple at-fault accidents, tend to impact premiums more than a single speeding ticket conviction. Note that not all carriers will extend coverage to drivers with a DUI on their record. For more information, you could reach out to carriers directly.
Here is a look at how your driving record can impact your car insurance premium.
|
|
|
|
|---|---|---|
|
Clean driving record
|
Avg. annual premium* in NM
$2,331
|
Percentage increase from NM avg. annual premium*
0%
|
|
Avg. annual premium* in NM
$2,723
|
Percentage increase from NM avg. annual premium*
17%
|
|
|
Avg. annual premium* in NM
$3,181
|
Percentage increase from NM avg. annual premium*
36%
|
|
|
Avg. annual premium* in NM
$4,017
|
Percentage increase from NM avg. annual premium*
72%
|
Car insurance rates in New Mexico by credit score
Although credit is not a factor in states where the law prohibits it, carriers can consider your credit history when determining rates in New Mexico. Drivers with poor credit-based insurance scores pay average rates 92 percent more than those with good credit, so improving your credit standing might be an effective strategy to reduce insurance costs.
Here is how car insurance premiums vary between credit tiers.
|
|
|
|
|---|---|---|
|
Avg. annual premium* in NM
$4,512
|
Percentage change from NM average annual premium*
94%
|
|
|
Average
|
Avg. annual premium* in NM
$2,531
|
Percentage change from NM average annual premium*
9%
|
|
Avg. annual premium* in NM
$2,331
|
Percentage change from NM average annual premium*
0%
|
|
|
Excellent
|
Avg. annual premium* in NM
$1,953
|
Percentage change from NM average annual premium*
-16%
|
New Mexico car insurance rates by vehicle type
Another factor New Mexico car insurance companies use to determine rates is your vehicle's make and model. If you're looking to save on your premium, considering the vehicle you drive may help. As demonstrated below, luxury vehicles and those with high repair costs or low safety ratings tend to cost more to insure.
See how vehicle type can impact your car insurance rate below:
|
|
|
|---|---|
|
Avg. annual premium* in NM
$2,314
|
|
|
Avg. annual premium* in NM
$2,291
|
|
|
Avg. annual premium* in NM
$2,119
|
|
|
BMW 330i
|
Avg. annual premium* in NM
$2,767
|
|
Toyota Prius
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Avg. annual premium* in NM
$2,394
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Estimate your car insurance cost in New Mexico
Having a good idea of what a realistic price for car insurance is can help you when creating an insurance budget. At Bankrate, we want to alleviate some of the stress you may feel from these financial decisions, so we made the handy tool below. Once you enter some basic information, you’ll receive a rough insurance premium estimate. While this isn't an exact quote, it can help you get a general feel of what you might pay for budgeting purposes.
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
How to save on car insurance in New Mexico
On average, car insurance in New Mexico is cheaper than the national average, but drivers may be able to lower their rates further. If your average premium is out of reach, look for ways to cut costs instead of driving without insurance. With a bit of effort, there are several things you can do to potentially lower your premiums:
- Shop around: Considering several companies and comparing free quotes from many can help you find which will offer you the best rates for the coverage you want.
- Raise your deductible: Your deductible is what you must pay before your insurance will pay out toward your costs. The higher your deductible, the more you must pay out of pocket before a claim can help, but the lower your rates may be. Experts recommend using caution when considering an increase in your deductible.
- Look for discounts: Almost all carriers offer discounts. Some of the most common include safe driver, bundling and good student discounts. Reviewing potential discounts with an agent may help ensure you're taking advantage of all the savings opportunities you're eligible for.
- Take a defensive driving course: If you take a defensive driving course, not only do you learn valuable driving skills that could make you a better driver, but you might earn an additional discount. Many carriers give you a break on your premiums if you take one, as long as it is an approved course.
Frequently asked questions
Methodology
Bankrate utilizes Quadrant Information Services to analyze November 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates for our base profile are based on the following characteristics and coverage levels:
Bodily injury liability
$100,000 per person$300,000 per accident
Property damage liability
$50,000 per accidentPersonal injury protection
$100,000 per accidentUninsured motorist bodily injury
$100,000 per person$300,000 per accident
Collision deductible
$500Comprehensive deductible
$500Other profiles
These are sample rates and should only be used for comparative purposes.
