Santa Fe, NM Car Insurance

Drivers in Santa Fe pay around $58 a month for their car insurance. Check out our guide below to find out how much you'll pay.
Are rates in Santa Fe higher or lower than those in neighboring areas? How do they compare to the rest of New Mexico? What should residents of Santa Fe expect to pay for their car insurance? Find the average cost breakdowns and determining factors in the charts and writeups below:  

How much is car insurance in Santa Fe?

Area Average Monthly Car Insurance Premium
Santa Fe$58
NM$74
United States$80

Car insurance coverage in Santa Fe is about $16 cheaper than it is in the rest of New Mexico.

Drivers relocating from out of state may enjoy some cost savings in Santa Fe. The average monthly payment for the U.S. as a whole is about $22 more expensive than in Santa Fe.

Although these are the average rates for auto insurance in Santa Fe, that doesn't mean it's exactly what you'll pay. The amount that insurance companies end up charging you is determined by a number of factors. Things like age, gender, vehicle make and model, driving record and, in some areas, credit score can all get factored into calculating the amount you'll be asked to pay each month.

Don't sweat it however, we've broken down the average rate for Santa Fe residents based on several different factors so that you can get a more accurate idea of what you might pay. To find out if you're overpaying for your area, just enter your ZIP below and find out in minutes!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$82
25-34$61
35-44$53
45-54$58
55-64$48
65+$48

Generally, the older you are, the more experienced you are on the roads, right? That experience can turn into some real savings when it comes to car insurance premiums. As you can see, 18-24-year-olds pay a lot more than drivers of retirement age.

You can expect to see your monthly premium drop about once a decade or so. That said, once you hit retirement, your rates may climb back up in Santa Fe.

Average Car Insurance Rates by Gender

Gender Average
Male$60
Female$56

In general, car insurance rates for women are usually cheaper than they are for men. In Santa Fe, the difference comes out to about $4 a month. Based on the chart above, you can see that female drivers pay around $56 on average, while male drivers typically pay $60 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$62
Multiple Accidents$81
1 Ticket$65
Multiple TicketsNot Enough Data

Your driving record can have a tremendous impact on your car insurance rates. Those with fewer accidents and tickets will pay less than those with multiple infractions. In Santa Fe, a driving record with one accident will usually get you a rate around $62 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $65.

Wherever you live, accidents, tickets, and other driving infractions can cost you some serious cash. So, if you want the cheapest rates, drive carefully and try to maintain a clean driving record.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 YearNot Enough Data
2-3 Years$51
4-5 Years$52
6-7 Years$62
8-10 Years$70
11-14 Years$58
15 Years or Older$51

If you look at the first table above, you'll see that trucks and vans are by and large the cheapest vehicles to insure in Santa Fe, with drivers paying around $54 per month to insure their vehicle.

Car owners will see a monthly premium of about $59, while SUV owners typically pay around $58 per month.

In addition to vehicle type, you can also expect to see slightly different rates depending on how old your vehicle is. Generally, the most expensive vehicles to insure are going to be newer ones. However, once your car is a few years old, you may start to see your monthly premium decrease. In Santa Fe, the most expensive vehicles to insure are vehicles eight-to-ten years old and six-to-seven years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$60
Married$45
Divorced$60
Widowed$56

On average, people who are married will pay slightly less for insurance coverage. This can usually be attributed to their policies having multiple vehicles, a factor many companies award special discounts for.

In Santa Fe, the difference in rates based on relationship status can be as much as $15 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$54
Rent$63
Live with parents$58

Another factor taken into consideration is your living situation. If you rent your home or apartment, expect to pay around $9 a month more than if you own your own home in Santa Fe. Those who live with their parents, however, can expect to pay a lot more.

Bundling your home or rental insurance and auto insurance policies can oftentimes reduce your average premiums, depending on your insurance company.

Car Insurance Companies in Santa Fe, NM

Recent trends in car insurance for Santa Fe drivers

Average rates are constantly changing, so it's a good idea to know the direction your area is trending when choosing when and where to shop.

The cost of car insurance in Santa Fe rose from 2016-2017, before leveling out in 2018. They went up again, reaching a high of $68 in 2020, and finished down at $61 in 2021.

How does Santa Fe compare to neighboring areas?

Why are car insurance rates in Santa Fe different from other areas?

Car insurance companies will consider several factors when trying to decide how much to charge for a policy. While we've discussed the ones that affect your personal policy, others are based around where you live and drive. These include things like:

  • Number of car accidents
  • Number of drivers in the community
  • Regional regulations
  • Crime rates
  • Access to off-street parking

You'll be hard pressed to change any of these factors yourself, but they're worth considering when thinking about the purchase of a new policy or a move. Different cities and towns will each have different rates, so guides like these are a handy way to get started.

How can I find the cheapest car insurance in Santa Fe?

While knowing what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.

Good news! Compare.com has you covered. Just punch in your ZIP Code below, answer a few questions, and you'll be comparing the cheapest quotes from loads of the car insurance companies offering policies in Santa Fe in no time.

Compare the cheapest quotes from dozens of insurance companies

Santa Fe Insurance FAQs

What factors affect car insurance quotes in Santa Fe?

Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your age and gender, as well as your driving record, credit score, address, and marital status.

Why is the cost of car insurance in Santa Fe different from other neighboring cities?

Things like parking situations, local laws, and crime rates, which are dependent on your address and area you live in, can significantly affect the cost of insurance relative to other cities.

Which car insurance company will offer me the cheapest rate in Santa Fe?

Since the factors that go into calculating your monthly payment vary from person to person, there isn't one company that will always offer the cheapest rate to everybody. You can be confident that you're receiving the best price possible however, by using sites like Compare.com to compare multiple quotes at once.

Do I need to change my insurance if I move to Santa Fe?

Any major life event, whether it be moving to a new area, finding a new job, getting married, or any other notable event always presents a good opportunity to re-evaluate your current insurance policy. Regardless of your previous rate, there may be cheaper options in your new location, so it's a good idea to use services like Compare.com to compare quotes from dozens of companies side-by-side.

Do I need to wait for my policy to expire to switch to a different car insurance company?

No. Regardless of how much time is left on your current policy, you can switch companies at any time. So, whether you're considering moving to Santa Fe or just curious if you're getting the best rates, why not take 10 minutes and see if Compare.com can save you some extra cash?

Find your best rate in just a few minutes