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Farmington, NM Home Values & Insurance Rates

Farmington, NM Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 1,753 13.0% $96
$50,000 to $59,999 271 2.0% $207
$60,000 to $69,999 157 1.0% $256
$70,000 to $79,999 474 3.0% $297
$80,000 to $89,999 424 3.0% $339
$90,000 to $99,999 175 1.0% $380
$100,000 to $124,999 802 6.0% $442
$125,000 to $149,999 906 7.0% $553
$150,000 to $174,999 1,999 15.0% $650
$175,000 to $199,999 1,038 8.0% $754
$200,000 to $249,999 2,185 17.0% $906
$250,000 to $299,999 1,151 9.0% $1107
$300,000 to $399,999 1,242 9.0% $1404

Farmington Renters Insurance as a Percentage of Rent

Farmington Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$200 to $299 130 2.0% $796
$300 to $499 433 8.0% $1246
$500 to $749 1,892 36.0% $1921
$750 to $999 1,170 22.0% $2671
$1,000 to $1,499 1,034 19.0% $3796
$1,500 or more 499 9.0% $5446

Example Farmington Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company AllstateFarmers InsuranceLiberty Mutual
Monthly Premium 3091130
Year Built 196019842010
Home Details 3 Beds, 1 Baths4 Beds, 3 Baths5 Beds, 4 Baths
Coverage Amount $100000-$125000$300000-$350000$500000-$600000
Deductible $1000-$2500 Deductible$2500-$5000 Deductible$5000 to $10,000 Deductible

Top Home Insurance Agents Near Farmington, NM

Home Insurance Company Near Farmington, NM Homeowners Insurance Agency Near Farmington, NM Address Distance from Farmington, NM (miles)
Armstrong, Inc. Dba Armstrong Coury Insurance 424 E. Main, Farmington, NM, 87401 8.7
Farmers Justin Kautter 2223 Main Ave Ste 101, Durango, CO, 81301 39.0
Allstate Kysar Insurance Agency P.O. Box 295, Farmington, NM, 87499 8.5
Liberty Mutual Independent Leavitt Group Four Corners Ins Agency 72 SUTTLE ST UNIT L, DURANGO, CO, 81303 36.8
Travelers Western Group Inc-Denver 23 S MARKET ST, CORTEZ, CO, 81321 39.2


Estimated Home Insurance By Street Area Near Farmington, NM

Farmington Area Estimated House Insurance
Echo Ln, E Amsden Dr, N Carlton Pl, Rd 1740, Rd 6257, Rd 3103, Rd 6261, Sycamore St, N Mesa Verde Ave, Dodd St$703
Rd 6191, Rd 6323, Rd 3779, 24th St, Casa Bonita Dr, Rd 6674, Co Rd 6339, Rd 6479, Masonic Dr, Rd 6487$679
E 30th St, Rd 6557, Brenna Pl, Rd 3182, W Piedras St, W Boyd Dr, Boyd Dr, Dodd St, Rd 3025, Rd 6219$674
Ocio St, Calla Lilly Ln, Rd 6339, Morningstar Dr, Emerald St, Browning Rd, N Gibson Ave, Piedra Vista Dr, S Drake St, Rd 6668$686
Rd 1006, Rd 3322, 1633 Rd, N Behrend Ave, Summit Dr, Country Club Dr, S Randolph Ave, Brentwood Cir, Gulledge Rd, Co Rd 3188$676
Abby Rd, Tierra Ct, 35th St, Rd 1636, Westwood Ave, Burnham Rd, N Hood Mesa Trl, 6th St, Figueroh Ave, Rd 6071$725
Rd 3778, Drinen Ln, la Plata Hwy, W Glade Rd, Rd 6695, 31st St, Buena Vista Ave, Rd 6401, N Orchard Ave, Rd 6825$700
Co Rd 3937, Malta Ave, Rd 6050, Rancho de Animas Dr, Kirtland, Mediterranean Pl, 33190 Rd, Oriole Ave, E Navajo St, Brookside Cir$690
Rd 6653, Rd 6477, Glade Rd, Chilton Ct, Canyon View Cir, Rd 6115, Rd 3114, Rd 6887, Rd 6437, 2nd St$672
E 17th St, E Comanche St, Poquita St, N Cottonwood Ave, Camina Oro, Cooper St, Brown Ave, Santiago Ave, E Gladden Dr, Rd 3635$689

Farmington, NM Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$1,900$3,900
Yearly Farmington Homeowner Insurance Premium Example $1,300$900
Out of Pocket Expense During Claim$1,900$3,900
Total Home Insurance Premium for 7 years + Out of Pocket Expense for Claim $11,000$10,200
Net Savings to Farmington Home Owner from High Deductible Plan $800

Farmington, NM Home Insurance Costs With Home Replacement Value Scenarios

Scenario Farmington, NM Home Replacement Value MORE than Home Value Farmington, NM Home Replacement Value LESS than Home Value
Replacement Value $201,500 $115,500
Insurance Premium based on Replacement Value $1,025 $600
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $47,000 Risk Exposure from Under Insuring Coverage is $39,000
Premium Impact Insurance cheaper by $200/year Insurance costlier by $225/year