Santa Fe, NM Car Insurance

Residents of Santa Fe pay, on average, about $64 per month for car insurance. For more information refer to our guide below.
What can Santa Fe residents expect to pay for their car insurance? How does Santa Fe stack up to the rest of the area, or even New Mexico as a whole? 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$64
NM$80
United States$81

Based on the above chart, auto insurance policies in Santa Fe are about $16 a month cheaper than in the rest of New Mexico.

Similarly, car insurance rates in Santa Fe are more affordable than the national average. It's about $17 cheaper than the national average to insure your vehicle in Santa Fe.

While these are the average car insurance rates for Santa Fe, you could end up paying something different. Insurance companies weigh a variety of factors when determining how much to charge you for car insurance. The final dollar amount you'll be asked to pay each month is calculated based on things like age, gender, vehicle make and model, driving record, and in some cases, credit score.

Don't sweat it however, we've broken down average rates for Santa Fe residents so that you can get a more accurate idea of what you might pay. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP below to learn more about rates in your area!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$83
25-34$65
35-44$56
45-54$60
55-64$73
65+$51

It makes sense that older drivers would have more experience behind the wheel, right? That experience can lead to some serious savings when it comes to auto insurance bills. According to the table above, you can see that 18-24-year-olds pay significantly more than drivers 65 and older.

You can expect to see your monthly premium drop every 10 years or so. As you get closer to retirement, however, you may see your rates begin to increase again in Santa Fe.

Average Car Insurance Rates by Gender

Gender Average
Male$61
Female$66

Despite the national trend of women paying less than men to insure their vehicle, in Santa Fe men actually pay $61 per month for coverage while women pay $66.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$67
Multiple Accidents$82
1 Ticket$64
Multiple Tickets$68

Rates can change drastically depending on your driving record. Those with clean records can expect to pay much less than those with infractions. Drivers in Santa Fe with one accident will pay around $67 a month. Likewise, drivers with one ticket on their record will be looking at an average rate of around $64.

Accidents, tickets, and other driving infractions can really cost you when it comes to your monthly rate. So, if cheaper car insurance is important to you, keep your record clean and drive safe.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 YearNot Enough Data
2-3 Years$67
4-5 Years$52
6-7 Years$62
8-10 Years$71
11-14 Years$73
15 Years or Older$53

In Santa Fe, the cheapest vehicles to insure are usually trucks and vans, with drivers paying around $56 per month for auto insurance.

Car owners, on the other hand, by and large pay around $67 a month, while SUV drivers can expect to pay about $63 per month for insurance coverage.

In addition to vehicle type, you can also expect to see slightly different rates depending on your vehicle's age. Generally, newer vehicles are going to cost the most to insure. However, your rates may start to decrease if your car is around 5 years old. The most expensive vehicles to insure in Santa Fe are vehicles eleven-to-fourteen years old and eight-to-ten years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$67
Married$49
Divorced$60
Widowed$56

Generally, those who are currently married will pay slightly less for car insurance coverage. This usually boils down to owners having multiple vehicles on the same policy, something many companies extend special discounts for.

The cost of auto insurance in Santa Fe reflects the national trend of married couples paying less than single drivers to insure their vehicles, to the tune of about $18 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$55
Rent$71
Live with parents$58

Another factor taken into consideration is your living situation. If you rent your home or apartment, expect to pay around $16 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 good deal more than their counterparts who rent or own.

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

Car Insurance Companies in Santa Fe, NM

Recent trends in car insurance for Santa Fe drivers

Given that average rates are often changing, it's a smart move to know the direction your area is trending when choosing your car insurance policy.

The cost of insurance in Santa Fe decreased from 2017-2018, when it reached a low of $48. This trend changed in 2019, when it began to increase, and has continued to do so through the present, where policy premiums hit a high of $79 a month.

How does Santa Fe compare to neighboring areas?

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

There are a variety of factors car insurance companies will consider when deciding how much to charge for a monthly rate. The specifics of your home address will have an impact on your personal policy. This might include things like:

  • Number of drivers in the area
  • Road Safety (how many accidents each locality has)
  • Crime rates
  • Local regulations
  • Amount of off-street parking

You can't change these factors yourself, but they're something to take into consideration when shopping for a new policy or looking to move into an area. Different towns and cities will all have different average rates, so guides like these are a great place to get started.

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

In the end, the only way to know exactly what your rate will be is to request a quote from a car insurance company.

But wait! Compare.com does all of that work for you. Just type in your ZIP Code below, answer a few questions regarding the factors mentioned above, and you'll be comparing the cheapest quotes from the many car insurance companies offering plans in Santa Fe.

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Santa Fe Insurance FAQs

What factors affect car insurance quotes in Santa Fe?

Quotes are calculated by car insurance companies who take multiple factors into consideration, including things you can't control like your age and gender, but also factors like your address, driving record, credit score, and marital status.

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

Auto insurance companies consider regional factors, such as crime rates, local laws, and parking situations into account when calculating the monthly rate for coverage. Since these can all vary from city to city the rates you may see can differ from neighboring areas.

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

There isn't one company that can guarantee the cheapest rate to everybody, since the rates they charge for coverage are calculated based off of factors that can vary from person to person, such as vehicle make and model, driving record, and number of drivers on the policy. By using sites like Compare.com to compare multiple quotes simultaneously, you can rest assured that you're getting the best price available.

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

Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.

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

Not at all, in fact you can switch companies at any point, regardless of how much time is left on your current policy. If you're thinking about moving to Santa Fe or haven't checked out the latest rates in your area for some time, it might be worth your while to take 10 minutes and see if Compare.com can save you any cash.

Find your best rate in just a few minutes