Cheap Portales, NM Auto Insurance Rates for 2020
The average Portales, NM auto insurance rates are $275/mo or $3,305 annually. What is the minimum auto insurance coverage in New Mexico? The state requires all drivers to purchase liability levels of 25/50/10. The best auto insurance companies offering the cheapest insurance rates in Portales are USAA, State Farm, and Progressive.
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Written by
Rachel Bodine
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Reviewed by
Leslie Kasperowicz
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UPDATED: Nov 19, 2020
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- Average auto insurance rates in Portales, New Mexico are $275 per month or $3,305 annually.
- New Mexico requires all drivers to purchase minimum liability auto insurance levels of 25/50/20 to legally drive in the state.
- Comparison shopping and applying for discounts can help you achieve cheap Portales auto insurance rates.
Portales, New Mexico is a small, bustling city with a large military population. But is auto insurance cheaper in New Mexico or more expensive?
Average Portales auto insurance rates are $275 per month or $3,305 annually. Fortunately, securing affordable auto insurance in Portales, NM is easy as long as you know where to look.
Read through our comprehensive Portales, New Mexico auto insurance guide to better understand how your premiums are calculated and to learn how to compare auto insurance quotes from the top auto insurance companies.
Can’t wait to get started? Enter your five-digit Portales ZIP code into our FREE quote comparison tool to find out who offers the cheapest auto insurance for your unique needs.
Table of Contents
Auto Insurance Rates in Portales, New Mexico
Auto insurance is required by law in 49 states. What is the minimum auto insurance coverage in New Mexico?
New Mexico auto insurance minimums are $25,000 for bodily injury to or death of one person, $50,000 for bodily injury to or death of two or more persons, and $10,000 for property damage in any one accident.
You may also see these minimums written as 25/50/10. However, liability insurance only covers incidents that you as the driver are at fault for causing.
We recommend purchasing higher coverage policies that include collision and comprehensive coverage to better protect yourself and your assets should an accident occur.
Keep reading, we’ll show you real average rates people in Portales pay for auto insurance to help you get a better idea of what companies will be best for you. We’ll also give you tips about things to do in Portales, New Mexico to lower your premiums.
Do gender and age affect my auto insurance rates in Portales?
Believe it or not, your age and gender will impact your auto insurance rates. Age matters to insurance companies more so than gender because young drivers simply have less experience, making them higher-risk to insure.
While men might feel like the increased rates are unfair, statistically men cause more accidents every year than women. According to the Insurance Institute for Highway Safety, this has been the trend since 1975.
Usually, the difference between what men and women pay is minimal. See what we mean in the table below, which compares average annual rates by gender in Portales.
| Driver Gender | Average Annual Auto Insurance Rates |
|---|---|
| Female | $3,135.27 |
| Male | $3,305.22 |
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On average, men in Portales only pay $14 more per month than women. Take a look at the table below to see the differences in annual premiums by age.
| Driver Age | Average Annual Auto Insurance Rates |
|---|---|
| 60-years-old | $1,908.48 |
| 35-years-old | $2,067.73 |
| 25-years-old | $2,393.77 |
| 17-years-old | $6,850.90 |
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As you can see from the data, auto insurance for teenagers is much higher than average. Seventeen-year-old drivers pay $371 more per month than 25-year-old drivers in Portales.
Who has the cheapest auto insurance in New Mexico? Drivers aged sixty, which mirrors the national average as well.
If you’re a younger driver living in Portales, you should consider applying for discounts in order to receive cheap auto insurance rates. Specifically, look for good student and safe driver discounts.
What ZIP codes have the cheapest auto insurance rates in Portales?
Usually, folks who live in neighborhoods in large cities with lower population densities receive cheaper auto insurance rates than their neighboring communities. However, there is only one Portales, New Mexico ZIP code.
No matter where your address in this city, your rates will not increase or decrease.
What are the best auto insurance companies in Portales?
As you’ve learned from the information above, many factors impact your auto insurance rates, including your age, gender, where you live. However, even your commute length, credit history, and driving record can cause your rates to increase or decrease.
Every insurance company uses a different algorithm for calculating insurance premiums, some may factor in age more so than commute length. Others may weigh your credit history more so than your gender.
Because of all of the variables, the best auto insurance companies for one person might be totally wrong for you. The only way to know you’re getting your cheapest insurance rates is by comparison shopping.
Keep reading to compare real rates from some of the best auto insurance companies to help you discover what companies are right for you.
Cheapest Auto Insurance Rates by Company in Portales
Remember, each company calculates rates in slightly different ways. Therefore, comparing quotes from as many companies as possible is an easy way to figure out which company is best for you.
Take a look at the table below to see average annual auto insurance rates from major companies.
| Companies | Average Annual USAA Rates | Average Annual State Farm Rates | Average Annual Progressive Rates | Average Annual Nationwide Rates | Average Annual Farmers Rates | Average Annual Allstate Rates | Average Annual Geico Rates |
|---|---|---|---|---|---|---|---|
| Married 60-year-old female | $1,348.13 | $1,419.60 | $1,244.63 | $2,200.03 | $2,100.21 | $2,339.48 | $2,510.55 |
| Married 60-year-old male | $1,350.40 | $1,419.60 | $1,254.61 | $2,318.32 | $2,231.03 | $2,471.57 | $2,510.55 |
| Married 35-year-old male | $1,416.00 | $1,568.84 | $1,345.65 | $2,477.06 | $2,338.30 | $2,647.90 | $2,741.92 |
| Married 35-year-old female | $1,418.93 | $1,568.84 | $1,381.29 | $2,428.69 | $2,343.09 | $2,605.81 | $2,665.88 |
| Single 25-year-old female | $1,745.96 | $1,757.53 | $1,670.04 | $2,731.38 | $2,629.88 | $2,954.05 | $2,811.18 |
| Single 25-year-old male | $1,873.93 | $1,940.32 | $1,732.01 | $2,934.92 | $2,724.31 | $3,149.46 | $2,857.82 |
| Single 17-year-old female | $3,587.20 | $4,252.05 | $5,419.19 | $5,797.19 | $9,240.68 | $8,032.68 | $7,583.42 |
| Single 17-year-old male | $4,056.32 | $5,354.11 | $6,095.15 | $7,350.05 | $9,512.75 | $9,184.51 | $10,447.35 |
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USAA offers affordable auto insurance no matter your gender or age, however only active or retired military personnel and their families are eligible to use this company. If you are not military, State Farm and Progressive are equally as competitive in Portales.
Are you looking for the best local auto insurance rates from places like Eastern Plains Insurance in Portales NM? If so, check out our list of auto insurance agents in the table below.
| Insurance Agent or Agency | Address | Phone Number |
|---|---|---|
| Asher Ross | 101 W 2nd St, Portales, NM 88130 | 575-356-8787 |
| David Bonner | 310 S Main Ave, Portales, NM 88130 | 575-356-8503 |
| Eastern Plains Insurance | 700 S Avenue C, Portales, NM 88130 | 575-359-1227 |
| Hunton Insurance | 122 S Ave Suite A, Portales, NM 88130 | 505-356-6676 |
| Hunton Insurance Agency | 122 S Avenue A, Portales, NM 88130 | 575-356-6676 |
| Jeff Fontanilla | 300 W 2nd St, Portales, NM 88130 | 575-356-5061 |
| Lori Bohm | 1529 S Avenue D, Portales, NM 88130 | 575-356-3660 |
| Mike Morris | 116 E 11th St, Clovis, NM 88101 | 575-769-3838 |
| Raymond E Adkins | 1021 Mitchell St, Clovis, NM 88101 | 575-763-7135 |
| Union County Insurance Agency | 500 Mitchell St, Clovis, NM 88101 | 575-763-8816 |
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To get rates for your vehicle, contact these agents directly. Remember, your specific rates will increase or decrease depending on what coverage level you buy, how long your drive to work is, and what your driving record looks like.
Best Auto Insurance for Commute Rates in Portales
Whether you work at one of the many Portales, New Mexico restaurants, or somewhere out of town, the length of your drive can impact your insurance premiums.
According to DataUSA, the average Portales resident drives just over 16 minutes to get to work. Is your commute to work longer than average for your city? Find out how your commute affects your auto insurance in the table below.
| Companies | Average Annual Rates for 10 Miles Commute 6,000 Annual Mileage | Average Annual Rates for 25 Miles Commute 12,000 Annual Mileage |
|---|---|---|
| USAA | $2,036.77 | $2,162.44 |
| State Farm | $2,349.42 | $2,470.81 |
| Progressive | $2,517.82 | $2,517.82 |
| Nationwide | $3,529.71 | $3,529.71 |
| Farmers | $4,140.03 | $4,140.03 |
| Allstate | $4,173.18 | $4,173.18 |
| Geico | $4,201.23 | $4,330.93 |
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Only USAA and State Farm increase rates for extra long drives to work. If you work locally, like at one of the nearby Portales, New Mexico hotels, then those companies are great options.
However, if your commute is extra-long consider looking into companies Progressive or Nationwide who keep the rates the same.
Best Auto Insurance for Coverage Level Rates in Portales
If you live in Portales, there are many reasons why you might consider purchasing a higher coverage insurance policy. For example, the Portales, New Mexico weather can become very severe during storm season.
Hail is a common nuisance that can break windshields and dent vehicles. The only way to be protected from this type of weather damage is by purchasing comprehensive coverage.
How much will extra coverage cost you in Portales annually? Find out in the table below.
| Companies | Average Annual Rates with Low Coverage | Average Annual Rates with Medium Coverage | Average Annual Rates with High Coverage |
|---|---|---|---|
| USAA | $1,957.46 | $2,108.17 | $2,233.19 |
| State Farm | $2,206.07 | $2,418.29 | $2,605.97 |
| Progressive | $2,419.65 | $2,518.01 | $2,615.81 |
| Nationwide | $3,514.17 | $3,491.43 | $3,583.52 |
| Farmers | $3,797.69 | $4,105.48 | $4,516.92 |
| Geico | $3,990.38 | $4,255.82 | $4,552.06 |
| Allstate | $4,014.18 | $4,166.11 | $4,339.26 |
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For approximately $400 or less annually, which is only $33 per month, you can purchase extra coverage for more protection. If it fits your budget, investing upfront might help you save thousands in the long run.
Best Auto Insurance for Credit History Rates in Portales
Insurance companies believe your credit history is an indicator of how responsible you are. If you appear to be responsible financially, the assumption is that you are also a more responsible driver, and therefore people with good credit usually receive lower auto insurance rates.
Take a look at the table below to see how your credit score will impact your annual insurance rates in Portales.
| Companies | Average Annual Rates with Good Credit | Average Annual Rates with Fair Credit | Average Annual Rates with Poor Credit |
|---|---|---|---|
| State Farm | $1,667.66 | $2,114.43 | $3,448.25 |
| USAA | $1,702.32 | $1,965.48 | $2,631.02 |
| Progressive | $2,322.63 | $2,460.78 | $2,770.05 |
| Nationwide | $2,911.72 | $3,349.69 | $4,327.72 |
| Allstate | $3,659.60 | $3,995.15 | $4,864.80 |
| Farmers | $3,737.88 | $3,928.59 | $4,753.63 |
| Geico | $3,849.44 | $4,162.28 | $4,786.53 |
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If you have poor credit, you may end up paying $900 more annually for auto insurance through USAA or State Farm. Definitely look into Progressive, as the rates between good and poor credit only go up by $400 total.
Remember, bad credit does not have to last forever. In fact, making your monthly auto insurance payments on time will help improve your overall credit score.
Best Auto Insurance for Driving Record Rates in Portales
One of the major factors that impact your overall auto insurance rates is your driving record. Drivers with a clean record will always receive cheaper rates than people with rocky driving histories.
Take a look at the table below to see how just one traffic violation can impact your Portales insurance rates.
| Companies | Average Annual Rates with a Clean Record | Average Annual Rates with One Accident | Average Annual Rates with One DUI | Average Annual Rates with One Speeding Violation |
|---|---|---|---|---|
| USAA | $1,564.04 | $2,165.99 | $2,849.32 | $1,819.08 |
| Progressive | $2,188.09 | $2,955.37 | $2,351.37 | $2,576.45 |
| State Farm | $2,264.06 | $2,458.79 | $2,458.79 | $2,458.79 |
| Geico | $2,510.53 | $4,034.43 | $8,008.85 | $2,510.53 |
| Nationwide | $2,620.34 | $3,705.37 | $4,813.93 | $2,979.19 |
| Allstate | $3,504.98 | $4,532.15 | $4,763.37 | $3,892.23 |
| Farmers | $3,505.54 | $4,498.22 | $4,392.22 | $4,164.15 |
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Just one speeding ticket can increase your rates by over $200 annually. A more serious offense can lead to an increase of over $1000. If you commit too many violations, some insurance companies may refuse to insure you altogether.
Safe driving always pays off. Not only will it help save lives and keep you and your family safe, but it can also lead to great insurance discounts as well.
Road Conditions Impact on Auto Insurance in Portales, New Mexico
If you look at a Portales, NM map, you’ll see the city located in the eastern part of the state where roads are known to be flat and long. Unfortunately, Portales is the exception.
The city has some dangerous roads that increase drivers’ chances of getting into accidents. You guessed it, those dangerous roads can lead to higher average insurance rates.
Unfortunately, the dangerous roller coaster road has still not been filled in. Temporary lights and signs may act as a warning for drivers, but as long as the road conditions remain poor, insurance rates will not decrease.
You are now an expert on securing the cheapest auto insurance premiums in Portales, New Mexico. Ready to compare auto insurance rates in Portales online? Just enter your Portales ZIP code into our FREE quote tool below to get the cheapest auto insurance near you.