Best Cheap Insurance for a Ford F-150 in New Mexico
Enter your New Mexico zip code below to view companies that have cheap auto insurance rates.
UPDATED: Nov 9, 2019
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Our editors keep telling us that when writing about auto insurance, the word “cheap” should not be used as a descriptor for auto insurance rates. Please forgive the oxymoron, but cheap car insurance for a Ford F-150 can be hard, if not impossible, to find. But fear not, because we will show you how you can still get car insurance that you are able to afford.
Your chances of finding the best cheap auto insurance for a Ford F-150 in New Mexico depends on a whole bunch of rating criteria such as how experienced of a driver you are, your credit history, and your driving record. Drivers in New Mexico pay approximately $1,320 annually to insure a Ford F-150, but that price is that rates a 40-year-old single male driver who needs full comprehensive and collision coverage and $100 policy deductibles.
There’s a high likelihood you aren’t exactly 40 years old or even a male, possibly married instead of single, or maybe you prefer to not insure for full coverage. Even a slight difference in input factors can lead to a big change in the price of coverage.
Each driver’s needs are different, and that demonstrates why your best chance at finding cheap insurance prices for your Ford is to quote often and with as many companies as possible. Rate quotes are easy and you will receive rate quotes from the best companies that sell coverage in New Mexico.
Your vehicle’s trim level can impact the coverage cost, so the price to insure a F-150 XL Regular Cab 2WD model will be $414 cheaper than the price to insure the high end F-150 Lariat Crew Cab Platinum 4WD version, as shown in the prices below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|F-150 XL Regular Cab 2WD||$236||$370||$390||$24||$116||$1,136||$95|
|F-150 STX Regular Cab 2WD||$236||$474||$390||$24||$116||$1,240||$103|
|F-150 XL Super Cab 2WD||$236||$474||$390||$24||$116||$1,240||$103|
|F-150 XLT Regular Cab 2WD||$236||$474||$390||$24||$116||$1,240||$103|
|F-150 STX Super Cab 2WD||$236||$474||$390||$24||$116||$1,240||$103|
|F-150 XL Crew Cab 2WD||$272||$474||$390||$24||$116||$1,276||$106|
|F-150 XLT Super Cab 2WD||$272||$474||$390||$24||$116||$1,276||$106|
|F-150 STX Regular Cab 4WD||$272||$474||$390||$24||$116||$1,276||$106|
|F-150 XL Regular Cab 4WD||$272||$474||$390||$24||$116||$1,276||$106|
|F-150 FX2 Super Cab 2WD||$272||$474||$390||$24||$116||$1,276||$106|
|F-150 XLT Crew Cab 2WD||$272||$474||$390||$24||$116||$1,276||$106|
|F-150 XL Super Cab 4WD||$272||$474||$390||$24||$116||$1,276||$106|
|F-150 XLT Regular Cab 4WD||$272||$474||$390||$24||$116||$1,276||$106|
|F-150 XL Crew Cab 4WD||$306||$474||$390||$24||$116||$1,310||$109|
|F-150 STX Super Cab 4WD||$306||$474||$390||$24||$116||$1,310||$109|
|F-150 XLT Super Cab 4WD||$306||$474||$390||$24||$116||$1,310||$109|
|F-150 FX2 2WD||$306||$576||$390||$24||$116||$1,412||$118|
|F-150 Lariat Super Cab 2WD||$306||$576||$390||$24||$116||$1,412||$118|
|F-150 Lariat Crew Cab 2WD||$306||$576||$390||$24||$116||$1,412||$118|
|F-150 FX4 Super Cab 4WD||$306||$576||$390||$24||$116||$1,412||$118|
|F-150 XLT Crew Cab 4WD||$306||$576||$390||$24||$116||$1,412||$118|
|F-150 FX4 4WD||$306||$576||$390||$24||$116||$1,412||$118|
|F-150 Lariat Crew Cab 4WD||$306||$576||$390||$24||$116||$1,412||$118|
|F-150 SVT Raptor Super Cab 4WD||$306||$576||$390||$24||$116||$1,412||$118|
|F-150 Lariat Super Cab 4WD||$306||$576||$390||$24||$116||$1,412||$118|
|F-150 Lariat Crew Cab Platinum 2WD||$306||$678||$390||$24||$116||$1,514||$126|
|F-150 Lariat Crew Cab Harley 2WD||$306||$678||$390||$24||$116||$1,514||$126|
|F-150 Lariat King Ranch 2WD||$306||$678||$390||$24||$116||$1,514||$126|
|F-150 Lariat King Ranch 4WD||$342||$678||$390||$24||$116||$1,550||$129|
|F-150 Lariat Crew Cab Harley 4WD||$342||$678||$390||$24||$116||$1,550||$129|
|F-150 Lariat Crew Cab Platinum 4WD||$342||$678||$390||$24||$116||$1,550||$129|
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Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, homeowner, and safe-driver. Estimates do not factor in the specific area where the vehicle is garaged which can alter insurance rates considerably.
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Finding dependable, low-cost insurance is not always easy, and determining which companies offer the cheapest car insurance rates for a Ford F-150 will require a bit more work. Every car insurance company uses different criteria for setting rates, so let’s begin by taking a look at the car insurance companies that tend to be cheaper in New Mexico.
|Rank||Company||Cost Per Year|
|4||Farm Bureau Mutual||$1,214|
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USAA has some of the best car insurance rates in New Mexico at around $683 per year. Allied, Safeco, Farm Bureau Mutual, and Farmers also are some of the more affordable New Mexico auto insurance companies.
In the above rates, if you are a customer of Allied and switched to USAA, you may see a yearly price reduction of roughly $247. Drivers with Safeco might save as much as $331 a year, and Farm Bureau Mutual insureds might cut rates by $531 a year.
It’s important to note that these premiums are averaged across all ages of drivers and types of vehicles and and are not figured with a specific rating modification for a Ford F-150. So the car insurance company that fits your situation best may not even be included in the chart above. That point stresses why you need to compare prices as often as possible using your own driver information and specific vehicle type.
Enter your zip code below to view companies that have cheap auto insurance rates.
Get discounts on New Mexico car insurance
Insurance companies that provide the best cheap insurance for a Ford F-150 in New Mexico may also give you policy discounts that could potentially reduce rates by 40% or more if you are eligible to receive them. Companies and a selection of discounts are detailed below.
|Pay in full||Yes||Yes||No||Yes|
|Own a home||Yes||No||No||No|
|Use seat belts||No||Yes||No||No|
|Get quote online||Yes||No||No||No|
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The chart below shows the comparison of insurance costs with and without some available policy discounts. The costs are based on a female driver, a clean driving record, no at-fault accidents, New Mexico state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The lower bar shows the rates with homeowner, safe-driver, accident-free, defensive driving course, marriage, and anti-theft discounts applied. When taking advantage of discounts, the average amount saved each year on car insurance for a Ford F-150 is 42% or $751.
The information below demonstrates how deductible levels can raise or lower premium costs when trying to find cheap insurance for a Ford F-150. The premiums assume a single female driver, comp and collision included, and no discounts are taken into consideration.
The chart above illustrates that a 30-year-old driver could cut expenses by $418 a year by increasing from a $100 deductible to a $500 deductible, or save $634 by using a $1,000 deductible. Young drivers, such as the 20-year-old chart data, could save as much as $930 each year by choosing a larger deductible amount. When increasing deductibles, it is necessary to have additional savings on hand to offset the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Best rates: Geico, State Farm, Progressive, or Allstate
When it comes to buying insurance for a F-150 pickup in New Mexico, probably the best companies to start with are Geico, State Farm, Progressive, and Allstate. They all offer somewhat different options that shoppers can choose from. The next table shows price, claims, and customer service ratings, as well as some optional coverages offered by each company.
|Number of Discounts||2nd||3rd||4th||1st|
|Recommend by customers||87%||88%||88%||86%|
|A.M. Best financial rating||A++||A++||A+||A+|
|Emergency roadside service||Yes||Yes||Yes||Yes|
|New car replacement insurance||No||No||No||Yes|
|Accident forgiveness coverage||Yes||No||Yes||Yes|
|Rating based on usage||No||Yes||Yes||Yes|
|Offered in New Mexico||Yes||Yes||Yes||Yes|
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How to find the best cheap insurance for a Ford F-150 in New Mexico
Below you’ll find a few thrifty ideas that can help New Mexico drivers buy low-cost coverage.
- Avoid price increases by not filing claims
- Avoid preventable accidents
- You will pay more if you get tickets or have at-fault accidents
- Safe vehicles cost less to insure
- Multi-policy discounts save money
- Shop around for cheaper rates regularly
The last item on the list is notably important, as was emphasized in this piece. Coverage prices can change considerably based on profitability, so don’t be tentative to buy a different policy if a cheaper price is available. Many consumers stick with the same company and that’s fine, but it’s not a good idea if that dedication is costing a lot of money. It takes less than five minutes to compare prices and find cheaper auto insurance for a Ford F-150.
Cheap Ford F-150 insurance quotes
There are many different ways to find lower-cost car insurance in New Mexico, but the most frequently used are through an exclusive agency such as Allstate or Auto-Owners, an independent agent, or direct either online or via phone. They all follow the same basic process, but each is different in how they price policies.
Independent insurance agents have contracts with many companies and can get rate quotes from all of them. These types of agents are not employed by only one company and can get prices from more than one company, which can help you get the best chance of saving money. If cheaper coverage is found, it’s simple to move the policy which makes it easier to save money.
Exclusive agents are able to quote prices with a single company such as Liberty Mutual and Allstate agents. These guys and gals cannot quote rates from more than one company, so you need to shop around if the rates are high.
When you buy car insurance direct, you do not use the middleman (the agent) and instead shop from a direct company like Progressive. This option can be a good choice for drivers who do not need complex risk management and understand what coverages they need.
Out of those three methods, which one works best to find the best cheap insurance for a Ford F-150 in New Mexico? The obvious answer would be shopping direct results in the best prices because there isn’t an agent involved, but that turns out to not be true. A valid argument could also be made that using an independent agent is the best way to go since they can quote with many companies, but that assumption is not true either. In a lot of cases, the exclusive agents may have prices that cannot be beaten by either independent or direct companies.
Because of the variability of car insurance rates, the one way to not overpay for car insurance is to get rate quotes and compare. It’s recommended that drivers get price quotes from all three to have enough rates to compare. For a list of car insurance companies with low rates, click here to view.
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