For a 40-year-old driver with a clean record, car insurance in Santa Fe, New Mexico, averages about $194 a month ($2,333 a year) for full coverage, based on the rates insurers had filed with state regulators as of Aug. 31, 2026. That’s 5% below the New Mexico average of $205 a month. Compare car insurance quotes in Santa Fe, NM, by insurer and ZIP code. GEICO has the lowest full-coverage average among insurers anyone can buy from in our Santa Fe table, at about $140 a month.
Santa Fe costs less to insure than New Mexico as a whole. Our benchmark driver pays about $11 a month less here than the state average and about $40 a month less than in Albuquerque, about 60 miles southwest.
Our figures cover the five ZIP codes with a Santa Fe mailing address that we price, from about $190 a month in 87505 to $198 in 87506.
Cost data comes from the auto rates insurers file with state regulators, priced across all five Santa Fe ZIP codes in our data, compiled by Quadrant Information Services and updated as new rates are filed.
Rates as of Aug. 31, 2026. Page reviewed Oct. 7, 2026.
Full coverage in Santa Fe averages $2,333 a year, or about $194 a month, for our benchmark driver. Liability-only coverage at New Mexico’s 25/50/10 minimum averages $834 a year ($70 a month), and 50/100/50 liability with comprehensive and collision averages $2,118 ($177 a month).
Looking for cheap auto insurance quotes in Santa Fe, NM? Pick the insurer before you worry about the ZIP code: the full-coverage averages of the four major insurers we compared (Allstate, Farmers, GEICO and Progressive) run from about $140 to $256 a month, while Santa Fe ZIP codes are only about $8 apart.
GEICO has the lowest full-coverage average among insurers anyone can buy from in our Santa Fe table. USAA averages even less, at $107 a month, but it sells only to military members, veterans and their families. Three of the four statewide New Mexico rate studies dated 2026 that we reviewed rank GEICO cheapest for full coverage, apart from USAA. For liability-only coverage at 25/50/10 limits, Progressive has the lowest average among these four insurers, at about $43 a month, followed by GEICO at $57.
Full-coverage averages by insurer in Santa Fe
Monthly, for the same driver and car. Insurers marked with an asterisk in the table below aren’t in the chart.
Rates insurers filed with state regulators, compiled by Quadrant Information Services, as of Aug. 31, 2026. Benchmark 40-year-old driver, 100/300/100 with $500 deductibles.
| Insurance Company: | Minimum Liability 25/50/10 (Yearly): | Minimum Liability 25/50/10 (Monthly): | Full Coverage (Yearly): | Full Coverage (Monthly): |
|---|---|---|---|---|
| GEICO | $684 | $57 | $1,681 | $140 |
| Progressive | $512 | $43 | $1,804 | $150 |
| Farmers | $1,192 | $99 | $2,775 | $231 |
| Allstate | $950 | $79 | $3,073 | $256 |
| State Farm (Nov. 2025 rates)* | $679 | $57 | $2,629 | $219 |
| USAA (military families)* | $344 | $29 | $1,285 | $107 |
| Central Insurance* | $334 | $28 | $1,952 | $163 |
| Nationwide* | $1,059 | $88 | $2,614 | $218 |
| Farm Bureau Financial Services* | $732 | $61 | $3,624 | $302 |
| Santa Fe average | $834 | $70 | $2,333 | $194 |
This table uses Santa Fe ZIP codes only. See how we calculated these rates. Your own price depends on your car, driving record and coverage, so compare auto insurance quotes before you buy.
Across the five Santa Fe ZIP codes we price, full coverage for our driver ranges from about $190 a month in 87505 to $198 in 87506, a gap of $94 a year. 87506, the northernmost, is the most expensive of the five, and 87505, just south of downtown’s 87501, the least expensive; 87501 averages about $191 a month.
Lowest-priced Santa Fe ZIP codes
Highest-priced Santa Fe ZIP codes
Search the table for your ZIP code. The last column shows how far each ZIP code is above or below Santa Fe’s average.
| ZIP Code: | Minimum Liability 25/50/10 (Yearly): | Minimum Liability 25/50/10 (Monthly): | Full Coverage (Yearly): | Full Coverage (Monthly): | Full Coverage vs. City Average: |
|---|---|---|---|---|---|
| 87501 | $819 | $68 | $2,291 | $191 | -2% |
| 87505 | $828 | $69 | $2,283 | $190 | -2% |
| 87506 | $833 | $69 | $2,377 | $198 | +2% |
| 87507 | $840 | $70 | $2,349 | $196 | +1% |
| 87508 | $853 | $71 | $2,367 | $197 | +2% |
Your ZIP code matters
Raising liability limits from 50/100/50 to 100/300/100 adds about $215 a year on average in our Santa Fe data, with the same $500 deductibles. That’s about $18 a month for double the per-person injury limit, three times the per-crash limit and double the property damage limit, and the full-coverage package also raises uninsured and underinsured motorist coverage to 100/300.
For our benchmark driver, full coverage isn’t going up. Comparing the same insurers in the same Santa Fe ZIP codes, full coverage averaged $2,347 a year nine months earlier and $2,333 in rates as of Aug. 31, 2026, a 0.6% drop. Progressive cut its Santa Fe average 8.9%, while Farmers raised its average 4.6%; Allstate’s and GEICO’s averages were unchanged. State Farm’s latest rates are from November 2025, so it’s left out of this comparison. Liability-only coverage at 25/50/10 limits rose 4.8%, led by Farmers, which raised its liability-only average 16.2%.
Santa Fe County averages $2,356 a year for full coverage in our data, in the less expensive half of the 26 New Mexico counties we price. Nearby, Los Alamos averages about $188 a month, Española $202 and Edgewood $206.
GEICO and Progressive are closer here than in any other New Mexico city we publish a guide for: GEICO averages about $140 a month and Progressive $150, about 7% apart. Prices also depend on where in New Mexico you live, not just on your car and driving record.
More New Mexico cities and towns are in the New Mexico rates by city table, and you can compare states on our car insurance rates by state page.
Albuquerque, about 60 miles southwest, averages $234 a month, and Rio Rancho, about 50 miles southwest, $213. Las Cruces averages $187. For the statewide picture, see our guide to New Mexico car insurance rates.
Santa Fe drivers need the same minimum auto insurance coverage as the rest of New Mexico. Every policy must include at least:
Insurers must also offer uninsured and underinsured motorist coverage for each vehicle and show what it costs per car, according to the Office of Superintendent of Insurance, and you can turn it down only in writing. Our New Mexico requirements guide covers the details and what happens if your car isn’t insured.
Ready to compare
Insurers must file their rates and rating rules with each state’s insurance regulator. Quadrant Information Services uses those filings to calculate what each insurer would charge a specific driver, and InsuranceQuotes analyzes those prices. This page uses rates in effect on Aug. 31, 2026.
Coverage requirements come from New Mexico law and the New Mexico Office of Superintendent of Insurance. We refresh these figures when new rate data is released.
Car insurance in Santa Fe, NM, costs about $194 a month ($2,333 a year) for full coverage and about $70 a month for liability-only coverage at New Mexico’s 25/50/10 minimum, for our benchmark driver, based on the rates insurers had filed with state regulators as of Aug. 31, 2026. Full coverage is 5% below the New Mexico average of $205 a month.
GEICO has the lowest full-coverage average among insurers anyone can buy from in our Santa Fe table, at about $140 a month, with Progressive close behind at $150. USAA, which sells only to military members, veterans and their families, has a lower average still ($107 a month). For liability-only coverage, Progressive has the lowest average among the four major insurers we compared, at about $43 a month. Rates vary by driver, so compare quotes for your own car and ZIP code.
Yes, for our benchmark driver. Santa Fe full coverage averages about $194 a month and Albuquerque about $234, a difference of about $40 a month ($475 a year) for the same driver and car.
In our data, 87505 has the lowest full-coverage average in Santa Fe, at about $190 a month, and 87506 the highest, at about $198. The ZIP code table on this page lists all five.
In our Santa Fe data, full coverage (100/300/100 with $500 deductibles) averages about $194 a month and liability-only coverage at 25/50/10 limits about $70, a difference of about $124 a month ($1,499 a year). Liability-only coverage won’t pay to repair or replace your own car after a crash, a theft or a storm. New Mexico law doesn’t require full coverage, but a lender or leasing company may.
Drivers in Santa Fe must carry New Mexico’s minimum liability coverage: $25,000 per person and $50,000 per crash for injuries and $10,000 for property damage (25/50/10), from an insurer licensed in New Mexico. Insurers must also offer uninsured and underinsured motorist coverage for each vehicle, which you can turn down only in writing.
Not for full coverage, for our benchmark driver. Comparing the same insurers and ZIP codes, Santa Fe full coverage fell 0.6% over the past nine months, from about $2,347 to $2,333 a year. Progressive cut its Santa Fe average 8.9%, while Farmers raised its average 4.6%. Liability-only coverage at 25/50/10 limits rose 4.8%.
For our benchmark driver, full coverage in Santa Fe averages about $194 a month. Nearby, Rio Rancho averages about $213, Albuquerque about $234 and Farmington about $171. Farmington is cheaper; prices depend mostly on ZIP code, so compare quotes for your own address.
