Buy Roswell New Mexico Auto Insurance Like a Tightwad

No one looks forward to paying for auto insurance, especially knowing the price is too high.

Having so many insurance companies to choose from, it can be challenging to locate the most affordable insurer.

It’s a great practice to get comparison quotes quite often since rates are usually higher with each renewal. If you had the best price last year other companies may now be cheaper. Starting right now, block out anything you think you know about auto insurance because I’m going to teach you one of the quickest ways to find better rates and still maintain coverage.

Buying car insurance in Roswell is not that difficult. If you currently have a car insurance policy, you will most likely be able to cut costs considerably using this strategy. But New Mexico consumers must comprehend how insurance companies market insurance on the web because it can help you find the best coverage.

What impacts Roswell insurance rates?

Consumers need to have an understanding of the rating factors that come into play when calculating auto insurance rates. When you know what positively or negatively controls the rates you pay empowers consumers to make smart changes that will entitle you to better auto insurance rates.

The list below includes a few of the “ingredients” used by your company to calculate prices.

  • Drive a safer car and pay less – Vehicles with good safety scores tend to have better insurance rates. The safest vehicles reduce injuries and fewer injuries means lower claim amounts and more competitive rates for policyholders.
  • More claims means more premium – If you are a frequent claim filer, you can pretty much guarantee either a policy non-renewal or much higher rates. Insurance companies in New Mexico give better rates to people who are claim-free. Auto insurance is intended for the large, substantial claims.
  • Add-on coverages can add up – There are quite a few additional coverages that can waste your money if you aren’t careful. Things like roadside assistance, accident forgiveness and additional equipment coverage may be costing you every month. They may seem good at first, but now you might not need them so remove them from your policy.
  • Drive less and save money – The more you drive in a year’s time the more you will pay for auto insurance. Most insurance companies rate vehicles based upon how you use the vehicle. Cars not used for work or commuting receive lower rates as compared to vehicles used primarily for driving to work. Ask your agent if your auto insurance policy is showing the correct driver usage, because improper ratings can cost you money.
  • Being married can save on auto insurance – Being married helps lower the price when buying auto insurance. Marriage usually means you are more mature it has been statistically shown that drivers who are married are more cautious.
  • Allowing your policy to lapse raises rates – Letting your insurance expire will be a fast way to increase your auto insurance rates. Not only will rates go up, failure to provide proof of insurance might get you a license revocation or jail time.Then you may be required to submit proof of financial responsibility or a SR-22 with the New Mexico motor vehicle department to get your license reinstated.
  • Bump up deductibles to save – Physical damage coverage, commonly called comprehensive (or other-than-collision) and collision coverage, protects your car from damage. Some examples of claims that would be covered are collision with another vehicle, vandalism, and windstorm damage. Your deductibles are the amount of money you are required to spend in the event of a claim. The more money the insured has to pay upfront, the bigger discount you will receive.

Cut your premium with discounts

Auto insurance companies don’t always advertise all their discounts in a way that’s easy to find, so we break down both the well known and the harder-to-find ways to save on auto insurance.

  • Service Members Pay Less – Being deployed with a military unit could mean lower rates.
  • Good Students Pay Less – This discount can be rewarded with saving of up to 25%. Earning this discount can benefit you well after school through age 25.
  • Seat Belts Save – Requiring all passengers to buckle their seat belts could cut 10% or more on the medical payments or PIP coverage costs.
  • Fewer Miles Equal More Savings – Low mileage vehicles could be rewarded with better rates on cars that stay parked.
  • Sign Early and Save – Some companies give discounts for signing up before your current policy expires. It can save you around 10%.
  • Life Insurance Discount – Select insurance companies reward you with better rates if you take out auto and life insurance together.
  • Anti-lock Brake Discount – Vehicles equipped with ABS or steering control prevent accidents and therefore earn up to a 10% discount.
  • Defensive Driver – Taking a defensive driving course could save 5% or more depending on where you live.
  • Multi-policy Discount – When you have multiple policies with one insurance company you may save approximately 10% to 15%.

Keep in mind that most discounts do not apply to the entire policy premium. The majority will only reduce the price of certain insurance coverages like liability, collision or medical payments. So when it seems like you could get a free auto insurance policy, auto insurance companies aren’t that generous.

To choose companies offering auto insurance discounts in Roswell, follow this link.

What about my local Roswell agents?

A small number of people would prefer to buy from a licensed agent and that is OK! The biggest benefit of getting online price quotes is the fact that you can find the best rates but still work with a licensed agent.Roswell New Mexico insurance quotes

For easy comparison, once you complete this form (opens in new window), your coverage information is sent to local insurance agents who will return price quotes to get your business. There is no need to drive around because quoted prices will be sent straight to your inbox. How’s that for easy! Get lower rates and work with a local agent.

Choosing an insurance company needs to be determined by more than just the premium amount. Agents should be asked these questions:

  • Will their companies depreciate repairs to your car based on the mileage?
  • Are claim adjusters local or do you have to take your car somewhere else?
  • What insurance companies do they recommend if they are an independent agent?
  • What insurance companies do they work with?
  • Do they review policy coverages at every renewal?
  • If you have an accident, are you able to get your vehicle repaired at the shop of your choice?
  • How much will you save each year by using a higher deductible?

The different types of insurance agents

When looking for a reliable agent, there are two types of agencies to choose from. Roswell agents are categorized either captive or independent (non-captive).

Agency Captives

Captive agencies can only write with one company and examples are American Family, Liberty Mutual and AAA. These agents are unable to place coverage with different providers so they have to upsell other benefits. Captive agents are trained well on the products they sell and that can be a competitive advantage.

The following is a short list of captive insurance agents in Roswell that are able to give rate quotes.

Allstate Insurance Co – 200 W 1st St # 100 – Roswell, NM 88203 – (505) 624-0608
State Farm Mutual Auto Ins Co – 2890 N Wilshire Blvd – Roswell, NM 88201 – (505) 625-1502
Farm Bureau Insurance – 120 E 2nd St – Roswell, NM 88201 – (505) 734-5415
Farmers Insurance Group – 500 N Main St # 720 – Roswell, NM 88201 – (505) 623-2006

Independent Insurance Agents

Independent insurance agents do not work for one specific company so they can insure your vehicles with any number of different companies depending on which coverage is best. If your agent finds better pricing, they simply move the coverage in-house and that require little work on your part. When shopping rates, it’s a good idea to get quotes from multiple independent agents to get the best comparison.

Shown below are Roswell independent agents that can give you rate quotes.

Titan Auto Insurance – 1307 S Main St – Roswell, NM 88203 – (505) 627-0072
Insurance Place – 226 N Main St – Roswell, NM 88201 – (505) 623-3343
Hester Agency – 3211 N Main St – Roswell, NM 88201 – (505) 622-2282
Swickard Agency Inc – 400 N Pennsylvania Ave # 600 – Roswell, NM 88201 – (505) 624-1379
Ray Hood Agency – 202 W 8th St – Roswell, NM 88201 – (505) 624-2487

For a full directory of licensed insurance agents in Roswell, simply jump to this page.

After receiving satisfactory answers and an acceptable price quote, you have narrowed it down to an insurance agent that meets your needs to properly insure your vehicles.

New Mexico car insurance

When might I need an agent?

When buying adequate coverage, there really is not a cookie cutter policy. Every situation is different so your insurance should reflect that Here are some questions about coverages that could help you determine if your insurance needs might need an agent’s assistance.

  • Does my policy pay for OEM or aftermarket parts?
  • Do I need PIP coverage since I have good health insurance?
  • What vehicles should carry emergency assistance coverage?
  • Is my vehicle covered for smoke damage?
  • Am I covered when driving a rental car?
  • Does my vehicle need full coverage?
  • Is my babysitter covered when using my vehicle?
  • What are New Mexico no-fault laws?
  • Am I covered when renting a car or should I buy coverage from the car rental agency?

If you don’t know the answers to these questions but you think they might apply to your situation, then you may want to think about talking to an agent. If you don’t have a local agent, complete this form or click here for a list of auto insurance companies in your area.

Additional detailed information can be found at the New Mexico Insurance Division website. New Mexico consumers can read consumer alerts, read industry bulletins, and get help finding coverage.

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One last thing about your coverage

Cost effective auto insurance is definitely available from both online companies and with local Roswell insurance agents, and you need to comparison shop both in order to have the best price selection to choose from. Some insurance providers do not offer online price quotes and these small insurance companies work with independent agents.

As you restructure your insurance plan, make sure you don’t reduce coverage to reduce premium. In too many instances, someone dropped collision coverage and learned later they didn’t have enough coverage. Your focus should be to buy a smart amount of coverage for the lowest price while still protecting your assets.

We’ve covered a lot of ways to reduce auto insurance prices online. The key concept to understand is the more companies you get rates for, the better chance you’ll have of finding lower rates. Consumers could even find that the most savings is with the least-expected company. Some small companies can often insure niche markets at a lower cost as compared to the big name companies such as GEICO and State Farm.