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Cheapest car insurance in Hobbs, New Mexico (Nov 2024)
Cheapest car insurance in Hobbs, New Mexico (Nov 2024)
Compare 55+ insurance companies including Progressive, Travelers, AAA, Nationwide (and more!) to find the best and cheapest car insurance in Hobbs, New Mexico.
Find Insurance Savings
No long forms
No spam or unwanted calls
Quotes from top insurance companies
Maria Cruz
Expert Insurance Writer & Editor
Reviewed by Josh Damico, Vice President Insurance Operations
Edited by Kianna Walpole, Expert Insurance Writer & Editor
What's on this page?
- How to find the cheapest car insurance in Hobbs
- Best car insurance companies in Hobbs
- Best cheap car insurance quotes in Hobbs
- Average cost of car insurance in Hobbs
- Car insurance quotes in Hobbs by rating factors
- How do different factors impact your car insurance costs in Hobbs?
- Cheap car insurance quotes in Hobbs after driving violations
- Cheap car insurance quotes in Hobbs by age
- Cheap car insurance quotes in Hobbs based on insurance history
- Cheap car insurance quotes in Hobbs for popular cars
- How to lower car insurance costs in Hobbs
- FAQ
- Methodology
- Meet our experts
Load full table of contents
How to find the cheapest car insurance in Hobbs
On average,
auto insurance
in Hobbs costs about $65 per month for minimum coverage liability insurance, and about $183 per month for full coverage insurance. Hobbs drivers pay 30% less than the New Mexico
average. Hobbs drivers looking for state minimum coverage have found the cheapest average rates with providers like
Nationwide
($45/month) and Progressive
($50/month). Those looking to upgrade to full coverage have found some of the cheapest average rates with Mercury Auto
($100/month), Nationwide
($113/month), Clearcover ($117/month), and Travelers
($118/month). One of the best ways for Hobbs drivers to reduce their auto-related expenses is to find an affordable car insurance policy.
Jerry Insurance Agency
assists drivers in Hobbs with comparing quotes and buying policies
. Jerry’s user-friendly insurance comparison app is fast and simple.| Insurance company | Premium (monthly) | Customer | Car | Insurance coverage |
|---|---|---|---|---|
| Progressive | $93 | Ivan, 68 Zip: 88240 | RAM 1500 Classic SLT | • State Minimum Liability • Comp / Collision |
Gainsco | $179 | Ola, 46 Zip: 88242 | Toyota Scion FR-S | • State Minimum Liability • Comp / Collision |
Gainsco | $66 | Adam, 38 Zip: 88240 | Dodge Durango | • State Minimum Liability |
| Bristol West | $74 | Lucas, 29 Zip: 88240 | Nissan Altima 2.5 | • State Minimum Liability |
Last Updated Nov 18, 2024Best car insurance companies in Hobbs
It's essential to understand that there is no one-size-fits-all "cheapest" insurance provider for every Hobbs driver.
Jerry conducted an extensive survey of auto insurance providers to help Hobbs drivers identify the company that offers the most competitive rates. This survey is the largest of its kind in the nation and aims to help you in making an informed decision about your insurance coverage.
Some of the most popular car insurance providers in Hobbs include:
Popularity may vary based on individual preferences, coverage needs, and specific circumstances. It is always recommended to compare quotes and policies from multiple insurance providers to find the best fit for your needs.
The table below shows how drivers in Hobbs rate different companies on a scale of 0 to 5.
| Insurance company | Overall rating | Price | Claims experience | Customer service |
|---|---|---|---|---|
| Allstate | 4.7 | 4.3 | N/A | 4.7 |
| Progressive | 4.4 | 3.9 | 4.7 | 4.4 |
| State Farm | 3 | N/A | N/A |
What are the best companies in Hobbs, New Mexico?
There’s no one insurance company that offers the best rates for every driver. Providers all use their own algorithms and calculations to determine rates—so what might be best for you might look completely different for someone else.
However, Hobbs drivers looking for state minimum insurance have found some of the cheapest rates with Nationwide and Progressive. Those in need of full coverage have found some of the most affordable rates with Mercury Auto, Nationwide, Travelers, and Clearcover.
How'd we get these scores?
Jerry's experts conducted one of the largest car insurance surveys in the United States. We surveyed 15,000 policyholders, in all 50 states, over the span of 18 months. These policyholders hold insurance policies with 87 different insurance companies. We surveyed policyholders to gauge their satisfaction with their insurance carriers in: policy cost, customer service, buying and renewal experience, as well as claim experience. These scores were all reported by real customers of the insurance companies.
How'd we get these scores?
Jerry's experts conducted one of the largest car insurance surveys in the United States. We surveyed 15,000 policyholders, in all 50 states, over the span of 18 months. These policyholders hold insurance policies with 87 different insurance companies. We surveyed policyholders to gauge their satisfaction with their insurance carriers in: policy cost, customer service, buying and renewal experience, as well as claim experience. These scores were all reported by real customers of the insurance companies.
Best cheap car insurance quotes in Hobbs
Like most states, New Mexico has minimum
liability insurance
requirements that you must meet before hitting the road. Purchasing additional coverage is advisable to ensure you’re financially protected in all situations. Cheap minimum liability insurance quotes in Hobbs
In Hobbs, the minimum car insurance requirements include:
- $50,000 for bodily injury liability per accident
Drivers take advantage of the Jerry app to secure affordable minimum liability plans
Ivan (68 years old)
$93
per month
Lucas (29 years old)
$74
per month
Gainsco
Ola (46 years old)
$179
per month
Do you need more than minimum coverage in Hobbs?
Many Hobbs drivers prefer higher coverage limits than required by
New Mexico insurance laws
to get better financial protection in case of an accident. Consult with an insurance professional to determine the appropriate coverage for your specific situation.The bottom line: Insurance experts generally recommend purchasing at least 100/300/100 liability coverage for optimal protection—or full coverage for even better protection.
Cheap full coverage car insurance quotes in Hobbs
Full coverage car insurance is highly recommended for Hobbs drivers—and it’s typically required when you’re
buying insurance for a financed vehicle
. - Collision coverage helps cover the costs of repairing or replacing your vehicle if it's damaged in an accident
- Comprehensive coverage provides protection for damages caused by events like vandalism, environmental factors, and even theft
| Insurance coverage | Insurance company | Premium (monthly) | Customer | Car |
|---|---|---|---|---|
• State Minimum Liability • Comp / Collision | Progressive | $93 | Ivan, 68 Zip: 88240 | RAM 1500 Classic SLT |
• State Minimum Liability • Comp / Collision | Nationwide | $130 | Irene, 38 Zip: 88240 | Nissan Maxima SE |
• State Minimum Liability • Comp / Collision | Bristol West | $190 | Phoebe, 58 Zip: 88240 | Ford Edge SE |
• State Minimum Liability • Comp / Collision | Gainsco | $179 | Ola, 46 Zip: 88242 | Toyota Scion FR-S |
• State Minimum Liability • Comp / Collision | Dairyland | $451 | Corey, 21 Zip: 88240 | Volkswagen Golf R |
Last Updated Nov 17, 2024The easiest and fastest way to find the cheapest car insurance for your preferred coverage option is to compare car insurance rates online.
Jerry,
a top insurance agency
, offers a free app that compares car insurance quotes and provides end-to-end service to customers with the help of 100+ licensed insurance agents.
"Jerry is the new benchmark in app usefulness. Period. It is SO EASY and the results are SO GOOD, and they specifically point out that no one is going to start calling and emailing me all the time. I gave very little info, it pulled up all my existing insurance info, and showed me how to get the same insurance for less, lesser coverage for huge savings, or better coverage for about the same I currently pay. I am personally saving around $1,400/year with my new insurance, and the entire process (including follow ups to sign the docs from the insurance companies) took less than an hour. If you make over $1,400/hour, this may not be worth your time. Otherwise, get the app and use it now!"
Sean S.
Average cost of car insurance in Hobbs
Hobbs drivers pay an average of $780 for minimum coverage and $2,196 for full coverage car insurance per year. That translates to just under $65 a month for a liability only policy, and about $183 a month for full coverage in Hobbs.
Although average Hobbs insurance rates can provide a general estimation of your insurance costs, premiums are influenced by several individual factors—the type of vehicle, driving record, claims history, and demographic information, for example. As a result, the actual insurance expenses for each Hobbs driver can vary significantly.
Average cost of car insurance in Hobbs by zip code
Within the city limits, Hobbs drivers face varying levels of risk. Zip code is one way that insurance companies determine the amount of risk you face. Some zip codes experience higher rates of auto theft and car accident claims—and in these areas, Hobbs drivers pay more for insurance than those who live in less “risky” zip codes.
| Zip Code | Average State Minimum Coverage Rate | Average Full Coverage Rate |
|---|---|---|
88240 | $42 | $110 |
88242 | $110 | $136 |
Compare car insurance costs in other states
Car insurance quotes in Hobbs by rating factors
- Your driving record and claims history: Your driving history, including accidents, traffic violations, and claims, can impact your insurance rates. A clean driving record generally leads to lower premiums.
- Your age: Drivers younger than 25 years old will pay higher insurance rates in Hobbs since insurance companies consider young drivers a higher risk due to limited driving experience.
- The kind of car you have: The make, model, and year of your vehicle can affect insurance rates. Expensive and high-performance cars tend to have higher premiums.
- Where you keep your car: Where you live and park your vehicle in Hobbs can affect your rates. Areas with higher crime rates or higher traffic congestion may have higher insurance premiums.
How do different factors impact your car insurance costs in Hobbs?
How do different factors impact your car insurance costs in Hobbs?
Allowed (with applicable limitations): Driving experience, marital status, zip code, gender, age, credit history, education, occupation, employment status, insurance history.
Prohibited (or effectively prohibited): New Mexico currently does not disallow any common insurance rating factors when calculating insurance premiums.
Learn more about the car insurance rating factors in Hobbs:
Cheap car insurance quotes in Hobbs after driving violations
Your
driving record
plays a vital role in determining the quotes for your car insurance. When insurance companies observe a history of violations, they perceive you as a high-risk driver
, which can result in increased insurance premiums being charged to you.Cheapest car insurance in Hobbs after speeding ticket
Hobbs laws generally classify speeding violations in various levels:
- 1-5 MPH over the limit
- 6-10 MPH over the limit
- 11-15 MPH over the limit
- 16-20 MPH over the limit,
- 21 MPH or more over the limit
Although a
speeding ticket
is likely to increase your Hobbs car insurance premiums, Jerry is a useful resource for keeping costs as affordable as possible. Last Updated Nov 21, 2024Cheapest car insurance in Hobbs after DUI
In Hobbs,
DUI violations
generally result in a significant rise in car insurance rates compared to other violations. After a DUI, it is often necessary to compare rates from multiple insurance providers to find the most affordable options. 
Cheapest car insurance in Hobbs after an at-fault accident
Your car accident and claims history will have a significant impact on your car insurance premium.
Insurance providers thoroughly examine your previous at-fault accidents to evaluate the level of risk you pose as an insured driver. If you have recently been involved in an at-fault accident, there is a possibility that your car insurance rates may see a significant increase.
| Accident type | Insurance company | Premium (monthly) | Customer | Car | Insurance coverage |
|---|---|---|---|---|---|
At Fault With Injury | Safeco | $68 | Devin, 33 Zip: 88240 | Chevrolet Tahoe C1500 | • State Minimum Liability |
At Fault With No Injury | Progressive | $329 | Ethel, 21 Zip: 88240 | Volkswagen Golf R | • State Minimum Liability • Comp / Collision |
Not At Fault | Gainsco | $90 | Harriett, 26 Zip: 88240 | Honda Accord LX | • State Minimum Liability |
At Fault With No Injury | Gainsco | $179 | Maude, 45 Zip: 88242 | Toyota Scion FR-S | • State Minimum Liability • Comp / Collision |
Last Updated Nov 21, 2024Cheapest car insurance in Hobbs after other driving violations
Apart from speeding tickets and DUIs, violations such as
reckless driving
and driving with a suspended license can also result in increased car insurance costs in {city}.Jerry has helped Hobbs drivers find cheap auto insurance after varoius offenses.
| Violation | Insurance company | Premium (monthly) | Customer | Car | Insurance coverage |
|---|---|---|---|---|---|
Failure to Obey Signal | Progressive | $329 | Bobby, 21 Zip: 88240 | Volkswagen Golf R | • State Minimum Liability • Comp / Collision |
Careless Driving | Progressive | $76 | Adrian, 58 Zip: 88240 | Chevrolet Equinox LS | • State Minimum Liability • Comp / Collision |
Failure to Yield | Gainsco | $198 | Margaret, 23 Zip: 88240 | Ford Mustang | • State Minimum Liability • Comp / Collision |
Last Updated Nov 21, 2024Cheap car insurance quotes in Hobbs by age
In Hobbs, young drivers and those with permits or other types of
provisional licenses
typically encounter considerably high insurance rates due to their limited driving experience. Rates tend to fall after the age of 25 before increasing again after the age of 70.Cheapest car insurance in Hobbs for young drivers
In Hobbs, teen drivers aged 16 to 19 tend to experience the highest insurance rates compared to other age groups.
For teenage drivers in Hobbs who own newer vehicles, higher minimum coverage levels and/or full coverage insurance are recommended. This suggestion is based on the higher probability of teenagers being involved in accidents compared to other age groups. Full coverage insurance offers increased financial protection in such circumstances.
Ryan (22 years old)
$164
per month
Corey (21 years old)
$451
per month
Cheapest car insurance in Hobbs for senior drivers
Average premiums in Hobbs often tend to increase once a driver reaches their mid-70s. Older drivers have a higher vulnerability to accidents and are more prone to sustaining severe injuries in the event of a collision. Since insurance companies incur significant medical expenses and higher costs,
car insurance rates for seniors
are higher.Ivan (68 years old)
$93
per month
Cheap car insurance quotes in Hobbs based on insurance history
Your insurance history is a significant factor in determining your car insurance rates.
Typically, drivers with
a gap in insurance coverage
will face higher insurance rates. To support Hobbs customers in making timely insurance payments and preventing coverage gaps, Jerry sends payment reminders for upcoming and late payments.Jerry has helped many Hobbs customers who are currently uninsured or have experienced coverage lapses to secure new affordable policies.
Henry (21 years old)
$329
per month
Emilie (37 years old)
$130
per month
Luke (45 years old)
Currently Insured
Coverage100,000 per person
300,000 per accident bodily injury
Comp / Collision
Hobbs, NM (Zip Code: 88240)
$116
per month
Gainsco
Lenora (44 years old)
$69
per month
Over 4,000,000 customers and counting
We love saving our customers money. Turns out, they love it too! Here's what they have to say about their switch with Jerry:
Love the prices at the general, I'm only 21 so my insurance rates are still pretty high, but they're the cheapest I could find on the market in my area.
Yoshi
I signed up with Jerry, and the process was so easy! I got to compare rates quickly and decide without any hassle.
Annalise
They've been great! Quick and easy and saved me lots of money!
Cameron
I've been paying way too much for minimal coverage under a major company for many years. My rate is less than half for the exact same coverage.
Of course I switched. I'd like to keep my money, thanks!
Ann-Marie
Cheap car insurance quotes in Hobbs for drivers with poor credit
Hobbs drivers with lower credit scores typically experience higher insurance costs compared to those with higher credit ratings—even though
credit scores
do not directly reflect driving proficiency. That’s because insurance companies have observed a correlation between bad credit and an increased frequency of filed claims by drivers.Nationwide, the average car insurance premium for individuals in the highest credit bracket (above 750) is roughly 20% higher than the average cost for individuals in the lowest credit bracket (with scores below 550).
| Credit Range | Insurance Company | Premium (monthly) | Customer | Car | Insurance Coverage |
|---|---|---|---|---|---|
660 - 750 | Progressive | $329 | Ethel, 21 Zip: 88240 | Volkswagen Golf R | • State Minimum Liability • Comp / Collision |
660 - 750 | Safeco | $73 | Brandon, 44 Zip: 88240 | Chevrolet Camaro LS | • State Minimum Liability |
550 - 659 | Travelers | $128 | Justin, 45 Zip: 88240 | Volkswagen Tiguan S | • 50,000/100,000 Liability • Comp / Collision |
< 550 | Bristol West | $67 | Luella, 25 Zip: 88240 | Nissan Rogue S | • State Minimum Liability |
Last Updated Nov 20, 2024Cheap car insurance quotes in Hobbs for popular cars
The car, SUV, or truck you drive on the streets of Hobbs plays a crucial role in determining your car insurance premiums. Various factors related to the type of car influence insurance costs, such as repair or replacement expenses, the risk of theft, and the overall safety performance of the vehicle.
Popular makes and models for Hobbs drivers looking to save money include:
| Popular Car | Insurance Company | Premium (monthly) | Customer | Insurance Coverage |
|---|---|---|---|---|
| Honda Civic EXL | Progressive | $86 | Eugenia, 26 Zip: 88240 | • State Minimum Liability • Comp / Collision |
| Toyota Corolla | Safeco | $138 | Abbie, 39 Zip: 88240 | • State Minimum Liability • Comp / Collision |
Last Updated Nov 21, 2024How to lower car insurance costs in Hobbs
1. Shop around and compare quotes
Shopping for insurance is way less fun than shopping for groceries—but at least it can be done quickly, with help from a comparison app. Every company has its own formula for calculating rates, so it’s a good idea to get quotes from multiple companies to find the best possible rate.
Jerry
is a free comparison app that pulls quotes from top insurance providers so you can compare them side-by-side. No gimmicks! Compare prices, adjust coverage until you’re happy, and then tap to sign up. 2. Hunt for car insurance discounts
Every insurance company offers
a set of discounts
, but the exact discount offered varies by company. Some common discounts for Hobbs drivers include: - Good driver discounts. If you have avoided at-fault accidents and you don’t have any (or many) points on your driver’s license, you may qualify for a small safe driver discount.
- Telematics discounts. Telematics programs track your driving behavior and report back to the company. Good driving behavior earns rewards! You can usually get a discount just for signing up, too.
- Good student discounts. Full-time students in Hobbs—that’s high school or college—can usually unlock a discount for earning at least a B average. Prepare to show proof of enrollment and proof of grade point average.
- Bundling discounts.Bundle your home and auto insurance(or auto and renters) with the same company, and you could get a discount on both policies.
3. Increase your deductible for comprehensive and collision coverage
If you’ve got full coverage car insurance in Hobbs, increasing your deductible is an easy way to keep your monthly expenses low without sacrificing coverage.
Why is car insurance in Hobbs so expensive?
- High rate of uninsured drivers: New Mexico has one of the highest rates of uninsured drivers in the United States. It’s unclear how many of them are located in Hobbs, but you do run the risk of getting into an accident with one of them. This can drive up insurance costs.
- Frequency of accidents: Hobbsexperiences a lot of traffic accidents and claims. This could be due to various factors, such as road conditions, weather conditions, and driver behavior. Insurance companies factor in the risk of accidents when determining premiums, so higher accident rates can lead to higher insurance costs.
FAQ
How much is car insurance in Hobbs?
People living in Hobbs pay on average $65 per month – or $780 per year – on state-minimum liability coverage. Full coverage in Hobbs costs on average $183 per month or $2,196 per year.
With car insurance though, there’s no such thing as average. It is important to know that car insurance varies greatly based on a driver’s individual situation. Shopping around for car insurance quotes is the best way to get an accurate idea of how much you can expect to pay on insurance. Luckily, Jerry is here to take the hassle out of insurance shopping! At the click of a button, Jerry will help you compare personalized quotes from top insurance providers. Best of all, it’s 100% free.
What is the cheapest car insurance in Hobbs?
Based on thousands of Hobbs drivers Jerry has worked with, car insurance in Hobbs costs an average of $65 per month for state-minimum coverage and $183 per month for full coverage.
No single insurance company has the cheapest insurance for everyone, but by shopping for insurance quotes, you can find the cheapest insurance company for you. Jerry takes the hard work and the waiting out of insurance shopping – generating you quotes with the best coverage and best prices in seconds, 100% free. Try Jerry Today!
What is the best car insurance in Hobbs?
Learn more about how fellow car owners rate various insurance companies, and get free quotes in seconds with Jerry.
What is the minimum car insurance in Hobbs, New Mexico?
In New Mexico, the minimum car insurance requirements include:
- $50,000 for bodily injury liability per accident
Methodology
The Insurance Research Team analyzes insurance products and services to drive insights and help consumers make informed purchase decisions.
Insurance research: We analyzed over 25 million car insurance quotes; conducted the largest insurance shopping survey (over 15,000 customers surveyed and 85 carriers reviewed in the past 18 months).
We surveyed insurance policyholders for their experience with their insurers in the following areas: (1) insurance cost (2) customer service (3) insurance buying experience (4) insurance renewal experience (5) claim experience. In addition, we asked people what they like about their insurers and what areas in which their insurers could improve. The driver characteristics used in calculating average rates for auto insurance include: single driver, single car, currently insured, clean driving record.
For the quotes and sold policies included in this article, please note that personal information has been hidden. Not all customers find savings.
Team: The team consists of licensed insurance agents, insurance industry veterans, and data scientists.
Meet our experts
Maria Cruz
Expert Insurance Writer & Editor
Maria is an insurance writer with over 10 years of experience as a professional writer. Prior to joining Jerry’s editorial team in 2023, she worked at various online publications like Nimble Media, Factinate.com, and served as editor-in-chief at The Medium. She holds a double major in English and Professional Writing and Communications.
Kianna Walpole
Expert Insurance Writer & Editor
Kianna Walpole is an insurance writer and editor with a comprehensive background in consumer behavior and online publishing. With experience in car insurance, maintenance, and repair, she is dedicated to building informative content that helps customers reduce costs while achieving the best service. Prior to joining the Jerry editorial team, Kianna worked as a junior editor in the content marketing industry, using consumer data and key insights to create and edit content for an array of large-scale clients in the real estate, cybersecurity, and healthcare industries.
Josh Damico
Head Of Insurance Operations
18+ Years Experience in Insurance
Josh Damico is Jerry’s vice president of insurance operations and a licensed insurance professional with nearly two decades of experience in the industry. Previously, Josh held executive roles at Geico, where he had vast regional oversight and leadership opportunities. He holds a bachelor’s degree in business administration and management from Medaille College, and has appeared on news channels including FOX and CBS to offer insurance expertise and tips to drivers across the country. His work has appeared in Business Insider, Kelley Blue Book, and Digital Insurance and been quoted in The Balance, GOBankingRates, and Inspiring Workplaces.
*Illustration only. For all the pricing information presented in this article (including various tables), please note that not all customers find savings and the information is for illustrative purposes only. Savings depend on type of car, location, policy features, driving history and other factors. Drivers who switch through Jerry save over $70/month on average.