Cheapest Car Insurance In Hobbs, NM 2025
State Farm offers the lowest rates in Hobbs, with an average cost of $38 per month for basic car insurance coverage.
We’ve saved shoppers an average of $600 per year on their car insurance.
Finding the most affordable car insurance in Hobbs, NM, can be challenging, as prices differ significantly.
For those needing the lowest-cost liability coverage, State Farm is the top choice. If you’re looking for full coverage, State Farm also provides the best rates. However, young drivers can get the most affordable premiums through USAA.
Cheapest Car Insurance In Hobbs, NM
Cheapest Liability-only Car Insurance In Hobbs: State Farm
State Farm offers the most affordable minimum coverage car insurance in Hobbs, with an average monthly rate of $38.
Check the table below to compare rates from various insurance providers.
| Provider | Average Monthly Cost | Average Annual Cost |
| National General | $59 | $708 |
| USAA | $42 | $504 |
| Allstate | $65 | $780 |
| State Farm | $38 | $456 |
| GEICO | $45 | $540 |
Cheapest Full Coverage Insurance Rates In Hobbs: State Farm
State Farm offers the most affordable full coverage car insurance in Hobbs, with an average monthly rate of $72.
Refer to the table below to compare quotes from other budget-friendly insurance providers in Hobbs.
| Provider | Average Monthly Cost | Average Annual Cost |
| Root | $115 | $1,380 |
| GEICO | $85 | $1,020 |
| Allstate | $133 | $1,596 |
| State Farm | $72 | $864 |
| USAA | $88 | $1,056 |
Cheapest Car Insurance Rates For Seniors: USAA
USAA offers the most affordable car insurance for seniors in Hobbs, with an average monthly rate of $73.
See the table below for a comparison of rates from other budget-friendly insurers for seniors.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $78 | $936 |
| Metropolitan | $90 | $1,080 |
| USAA | $73 | $876 |
| Allied | $110 | $1,320 |
| Farm Bureau | $93 | $1,116 |
Cheapest Rates In Hobbs For Teenagers: USAA
Teen drivers in Hobbs can get the lowest rates from USAA, with an average monthly premium of $220.
Check the table below for a comparison of the most affordable insurance rates for teenagers.
| Provider | Average Monthly Cost | Average Annual Cost |
| Central Mutual | $293 | $3.516 |
| USAA | $220 | $2,640 |
| Farm Bureau | $321 | $3,852 |
| Allstate | $338 | $4,056 |
| State Farm | $267 | $3,204 |
Cheapest Auto Insurance For Young Adults in Hobbs: USAA
USAA provides the most affordable car insurance for young adults in Hobbs, with an average monthly rate of $105.
Use the table below to compare the lowest insurance rates for young adults in Hobbs.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $127 | $1,524 |
| Farm Bureau | $156 | $1,872 |
| Allied | $180 | $2,160 |
| Central Mutual | $162 | $1,944 |
| USAA | $105 | $1,260 |
Cheapest Car Insurance In Hobbs For Good Drivers: State Farm
State Farm offers the lowest car insurance rates for good drivers in Hobbs, with an average monthly cost of $39.
If you have a clean driving record, check the table below to compare quotes from the most budget-friendly insurers.
| Provider | Average Monthly Cost | Average Annual Cost |
| Progressive | $71 | $852 |
| USAA | $45 | $540 |
| Root | $70 | $840 |
| State Farm | $39 | $468 |
| GEICO | $48 | $576 |
Find Affordable Hobbs Rates
Cheapest Car Insurance In Hobbs After A Speeding Ticket: State Farm
State Farm offers some of the lowest rates in Hobbs, with an average monthly cost of $47 for drivers with a speeding ticket.
Check the table below to compare average rates from other insurers for drivers with a speeding violation.
| Provider | Average Monthly Cost | Average Annual Cost |
| USAA | $54 | $648 |
| National General | $81 | $972 |
| State Farm | $47 | $564 |
| GEICO | $60 | $720 |
| Allstate | $95 | $1,140 |
Cheapest For Drivers With After At-Fault Accident: State Farm
State Farm provides the most affordable car insurance for drivers with an at-fault accident, with an average monthly rate of $51.
Below is a list of insurance companies offering the lowest rates for drivers with an at-fault incident on their record.
| Provider | Average Monthly Cost | Average Annual Cost |
| Allstate | $92 | $1,104 |
| USAA | $59 | $708 |
| Root | $105 | $1,260 |
| State Farm | $51 | $612 |
| GEICO | $64 | $768 |
Cheapest Rates In Hobbs For Drivers After A DUI: State Farm
State Farm offers the lowest rates for drivers in Hobbs with a DUI, with an average monthly premium of $62.
Drivers in Hobbs with a DUI can compare the most affordable insurance rates in the table below.
| Provider | Average Monthly Cost | Average Annual Cost |
| Root | $101 | $1,212 |
| USAA | $68 | $816 |
| Progressive | $124 | $1,488 |
| State Farm | $62 | $744 |
| GEICO | $75 | $900 |
Best Car Insurance Companies In Hobbs
State Farm offers the most affordable car insurance in Hobbs, with an average monthly rate of $102. You might also want to consider USAA at $113 a month, or GEICO at $121 per month.
Below are the top 10 car insurance companies in Hobbs, NM, ranked by their average monthly rates.
| Company | Monthly Premium |
| State Farm | $102 |
| USAA | $113 |
| GEICO | $121 |
| Farm Bureau | $125 |
| Root | $132 |
| Safeco | $139 |
| Central Mutual | $143 |
| Allstate | $158 |
| National General | $165 |
| Progressive | $190 |
Average Auto Insurance Rates In Hobbs- By Age
Age plays a significant role in determining car insurance rates. Younger drivers generally face higher rates because of their limited experience and higher risk of accidents or violations. Teenagers, for example, can expect to pay around $3,240 annually for car insurance.
Once drivers reach the age of 25, their rates typically begin to drop, provided they have a clean driving record.
Drivers in their 50s and early 60s often enjoy the lowest insurance rates, as insurers consider age a reliable indicator of driving experience and reduced risk.
| Age | Average Yearly Rate |
| Teenagers | $3,240 |
| 20s | $1,908 |
| 30s | $1,596 |
| 40s | $1,092 |
| 50s | $1,020 |
| 60s | $1,380 |
| 70s | $1,692 |
Average Rates In Hobbs- By Vehicle
The type of car you drive is a major factor in determining your car insurance premiums. Insurers consider the make, model, year, and body style of your vehicle. Generally, newer cars, especially luxury models with advanced features and higher repair or replacement costs, come with higher insurance rates.
Check the table below to compare average insurance rates in Hobbs for different vehicles.
| Vehicle | Average Monthly Rate |
| Ford F250 | $70 |
| Honda Cr-V | $128 |
| Buick Encore | $81 |
| Cadillac Deville | $85 |
| GMC Sierra | $274 |
How Much Is Car Insurance In Other Cities in New Mexico?
Where you live can have a significant impact on your car insurance rates. Insurance companies assess factors like the likelihood of accidents, theft, and vandalism in your area, which tend to be higher in urban environments. As a result, premiums are typically more expensive in cities.
For instance, drivers in Roswell may pay around $112 per month for car insurance, while those in Albuquerque can expect an average rate of $145 per month.
| City | Average Monthly Rate |
| Roswell | $112 |
| Albuquerque | $145 |
| Gallup | $137 |
| Santa Fe | $126 |
| Farmington | $105 |
| Las Cruces | $113 |
| Artesia | $125 |
| Roswell | $120 |
| Los Alamos | $96 |
| Rio Rancho | $136 |
Average Cost Of Auto Insurance In Hobbs- By Zip Code
Insurers use zip codes to assess crime rates and other location-based factors, which can influence car insurance premiums. As a result, rates can vary depending on your zip code.
Refer to the table below to compare average insurance rates across different zip codes in Hobbs.
| Zip Code | Average Monthly Rate |
| 88240 | $130 |
| 88241 | $155 |
| 88242 | $143 |
| 88244 | $139 |
Find Affordable Hobbs Rates
Our Methodology
Drawing upon a comprehensive analysis that encompasses multiple facets such as customer service ratings, product options, pricing, and a thorough evaluation of various online review sites and user experience, I've crafted an in-depth view of the landscape of car insurance providers in Hobbs, NM.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
FAQs
Who has the lowest car insurance rates in Hobbs?
State Farm provides the most affordable car insurance rates in Hobbs, both for the minimum coverage required by the State of New Mexico and for full coverage, which includes comprehensive and collision protection.
What is the average cost of car insurance in Hobbs?
The average monthly cost of car insurance in Hobbs is around $138. However, rates can differ depending on factors such as your zip code, car make and model, driving history, and more.
