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Thursday, 22 January 2015 00:00

Car Insurance Rates in New Mexico Cities Vary by Over $200

The same car and driver’s auto insurance payments can vary by up to $220 depending on what New Mexico city the owner lives in, according to a state-wide analysis by ValuePenguin.com.

The lowest average rate in the state is Alamogordo at $871 a month while the highest premium is Rio Rancho at $1,101, reported Bruce Krasnow, santefenewmexican.com.  

The site compared rates for two male drives — one age 30 and the other age 65 — who both drive a 2010 Toyota Camry 12,000 miles a year. The estimates are also available to drivers who have not received a traffic violation or gotten into an accident in the past five years, according to the site.

The average premium for the state is $995.

The largest city, Albuquerque, is at $1,070.

Alamogordo, Deming, Silver City, Las Cruces and Truth or Consequences, all cities located in the Southern New Mexico, have the least expensive annual premiums for the sample scenarios.

The highest premiums are in the metro areas, Rio Rancho, Belen, Bernalillo, Taos and Santa Fe, reported Krasnow. The analysis can be viewed by following this link: http://www.valuepenguin.com/best-cheap-car-insurance-new-mexico

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