The Average Rate of Car Insurance in Santa Fe, NM, is $1,148

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The average cost of auto insurance in Santa Fe, MA, is $1,148. Car owners here can improve save more by comparing multiple auto insurance quotes from different auto insurers. The cost of auto insurance depends on numerous factors ranging from the vehicle’s make and model to the driver’s age.

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Demographics:

The cost of auto insurance depends on the driver’s age and gender. Women are generally considered to be safe drivers, making auto insurance cheaper for them. Auto insurance is also affordable for drivers who are in their fifties and sixties. Auto insurance is expensive for teenagers since they lack driving experience. The average cost of auto insurance for teenagers in Santa Fe is $3,329.

Credit Score:

A healthy credit score will also determine the cost of one’s auto insurance. Possessing an “exceptional” or “good” credit score will reduce the cost of auto insurance for car owners, while a “poor” credit score can lead to a substantial increase in auto insurance.

Deductible:

Deductibles are among the most common factors affecting auto insurance rate in the country, and Santa Fe is no different. A high deductible leads to a decrease in auto insurance cost, while a low deductible can lead to an increase. The average price of auto insurance on a low deductible for a Ford Explorer XLT($500) is $1,140. This goes down to $1,060 when the deductible is higher ($1,000).

Driving Record:

The driving record of car owners also has a direct impact on the cost of auto insurance. Getting charged for offenses such as DUI and driving without a proper license can have a long-term effect on Santa Fe’s auto insurance cost. Post-DUI, the average cost of auto insurance increases to $2,135. 

Neighborhood:

The neighborhood one lives in Santa Fe can also have an impact on the cost of auto insurance. Zimlon offers the option of keying in one’s zip code to get accurate auto insurance quotes from multiple auto insurance companies. Depending on several factors like the vehicle’s make and model and the rate of auto thefts in the neighborhood, the price can vary.