Cheapest car insurance companies in Farmington
Geico and Progressive offer the cheapest car insurance rates in Farmington for 2023, according to a study by Insurance.com.
Geico is the cheapest option for most Farmington drivers, with an average annual rate of $1,275 .
In Farmington, what you pay for car insurance depends on factors such as your location, driving history, coverage level, and the insurance carrier. Take time to compare price quotes from at least three insurers to get the best coverage at an affordable rate. The table below shows the car insurance companies with cheap insurance rates.
| Companies | Average annual rates |
|---|---|
| USAA | $1,004 |
| Geico | $1,275 |
| Progressive | $1,285 |
| Central Insurance | $1,341 |
| State Farm | $1,555 |
| Nationwide | $1,588 |
| Farmers | $2,388 |
| Iowa Farm Bureau | $2,582 |
| Allstate | $2,606 |
| Kemper Insurance | $2,672 |
Cheapest car insurance cost in Farmington by Age Group
Central Insurance stands out as Farmington's cheapest auto insurance company for teen drivers at an average annual of $2,796. Insurance providers classify teenagers as high-risk drivers, and that's why they typically face increased insurance costs compared to other age groups.
Teenagers can lower their insurance costs by strategically utilizing the good student discount or remaining listed as a driver on their parent's policy.
USAA provides the cheapest car insurance coverage for young drivers in Farmington, with an annual premium of $1,432 on average.
An analysis of car insurance rates for Farmington drivers reveal a significant decrease in premiums for individuals in their 30s compared to those in their 20s. USAA offers the cheapest full-coverage car insurance rates at $1,014 per year.
USAA tops the list in terms of affordability for senior drivers in Farmington. With an average annual premium of $1,061, USAA offers senior drivers the cheapest car insurance rates, allowing them to enjoy peace of mind.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Central Insurance | $2,796 | $1,960 | $1,384 | $1,526 |
| USAA | $2,806 | $1,432 | $1,014 | $1,061 |
| Geico | $3,776 | $1,940 | $1,318 | $1,299 |
| State Farm | $4,168 | $2,486 | $1,563 | $1,496 |
| Iowa Farm Bureau | $4,518 | $3,125 | $2,559 | $2,396 |
| Progressive | $4,950 | $2,005 | $1,308 | $1,332 |
| Nationwide | $5,174 | $2,524 | $1,597 | $1,524 |
| Allstate | $8,835 | $4,088 | $2,585 | $2,730 |
| Kemper Insurance | $9,605 | $4,516 | $2,700 | $2,672 |
| Farmers | $10,390 | $4,172 | $2,269 | $2,475 |
Cheapest car insurance companies in Farmington by driver profile
Your driving profile plays an important role in determining your car insurance rates in Farmington. Those with past accidents, speeding tickets, or other traffic citations on their record can expect increased insurance rates compared to drivers with clean driving records.
Comparison shopping is the key to getting the cheapest car insurance rates in Farmington. By comparing rates from multiple providers, you ensure you're getting the coverage you need at an affordable price.
Based on data analysis by Insurance.com's experts, these are the cheapest car insurance companies for Farmington drivers based on driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: State Farm
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Geico
The cheapest car insurance company for a driver with poor credit is Geico. It offers auto insurance for Farmington drivers at about $1,333 per year.
Here are car insurance carriers that offer affordable rates for drivers with poor credit scores in Farmington.
| Company | Average annual rates |
|---|---|
| Geico | $1,333 |
| Nationwide | $1,492 |
| Progressive | $1,892 |
| USAA | $1,909 |
| State Farm | $2,146 |
| Farmers | $2,611 |
| Allstate | $2,798 |
Cheapest for drivers with a speeding ticket: State Farm
State Farm offers the cheapest auto insurance rates for drivers with a speeding ticket in Farmington. It offers full coverage car insurance for drivers aged 30 at about $1,196 per year.
Remember that the cheapest car insurance company for you may not be the cheapest company for someone else. Ensure you compare car insurance quotes from various carriers to secure the most favorable deal. This way, you can find the insurance company that offers the best rates and coverage for your specific needs.
| Company | Average annual premium |
|---|---|
| State Farm | $1,196 |
| Nationwide | $1,214 |
| USAA | $1,308 |
| Geico | $1,559 |
| Progressive | $1,621 |
| Farmers | $2,128 |
| Allstate | $2,421 |
Cheapest auto insurance after an at-fault accident: State Farm
According to Insurance.com's analysis, State Farm tops the list of cheap car insurance providers in Farmington for drivers involved in at-fault accidents, with an average annual cost of $1,215. After being in an at-fault accident, finding cheap car insurance rates might seem challenging, but by comparing quotes, you can find a policy that aligns with your budget.
| Company | Average annual rates |
|---|---|
| State Farm | $1,215 |
| Nationwide | $1,539 |
| USAA | $1,664 |
| Geico | $1,766 |
| Progressive | $2,048 |
| Farmers | $2,456 |
| Allstate | $3,132 |
Cheapest auto insurance after a DUI: State Farm
Among the carriers analyzed, State Farm offers the cheapest auto insurance premiums for drivers with a DUI in Farmington. On average, its annual full coverage rate is $1,196, making it a significantly cheaper option than other insurance providers.
A DUI conviction can significantly affect your auto insurance rates. However, to keep your coverage rates low, it is important to compare quotes from various insurers before renewing or purchasing a new policy. Doing so ensures you get the most competitive rate for your situation.
| Company | Average annual rates |
|---|---|
| State Farm | $1,196 |
| Progressive | $1,748 |
| Geico | $2,047 |
| Nationwide | $2,169 |
| USAA | $2,205 |
| Farmers | $2,549 |
| Allstate | $3,571 |
Average car insurance cost in Farmington
The average car insurance rate in Farmington for full coverage is $1,829 per year or $152 a month. These rates are for coverage levels of 100/300/100. Whereas the average rate for state minimum coverage in Farmington is $392 per year.
Choosing full coverage insurance may mean a higher policy cost compared to the state minimum, but it offers better protection. It provides liability coverage as well as
| Average annual Rates | State minimum average |
|---|---|
| $1,829 | $392 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
