Where can I find cheaper car insurance as a 20-year-old male in New Mexico?

I live with my parents in New Mexico while I go to college full-time. My parents gave me their Toyota Camry as a gift, but looking at the insurance rates, companies want to charge me nearly $2,000 for six months for liability. Where can I find cheaper rates?

Answer
“Regardless of where you look for car insurance rates, you’re probably going to find that they’re on the pricier side. Car insurance companies view younger male drivers as one of the riskiest demographics to insure, hence the high premiums you’ve been quoted.
However, you can still find ways to trim your rate. Car insurance for college students can be lowered if you can find a good student discount and stay on your parents’ insurance plan.
To find cheaper rates, you have to keep shopping around. Try getting quotes from smaller regional carriers that operate in New Mexico.
If you’d rather leave the hard work of gathering quotes to someone else, use Jerry. This free app can collect quotes from up to 45 top insurance companies in seconds, and hopefully you can find something better than $2,000 for six months.”
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Eric Schad
Answered on Apr 23, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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