Santa Fe Insurance Rates:

Santa Fe, NM home insurance is nearly $619 to $842, about $51-$70/month. Our in depth research reveals consumers can save as much as $292 by comparing different quotes

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Santa Fe Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Farmers Insurance
Home Insurance Rate of $1070/6 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $340,000

3 Beds, 3 Baths 2290 sqft Rental Property Constructed In 1980 with Carpet Flooring, Membrane Roof, Slab Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Fire Extinguisher, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

65 Years old Single Female who is a Freelancer with household income of $25-50,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 600-649 Credit Score

  • Guests at home

Home Insurance Rate of $890/12 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $210,000

2 Beds, 2 Bath 1620 sqft Seasonal Residence Constructed In 2003 with Ceramic Tile Flooring, Asphalt Shingles Roof, Crawl Space Foundation, Stucco siding, Wood Frame. Home Features Include Fireplace, Central Air Conditioning, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

33 Years old Married Female who is a Freelancer with household income of $50-$75,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 750-799 Credit Score

Home Insurance Rate of $360/8 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $205,000

2 Beds, 2 Bath 1620 sqft Rental Property Constructed In 2012 with Stone Flooring, Composition Roof, Crawl Space Foundation, Brick siding, Brick Frame. Home Features Include Fireplace, Fire Extinguisher, Smoke Alarm, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

39 Years old Divorced Male who has a Full Time Job with household income of more than $150,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 550-599 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $240/4 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $205,000

3 Beds, 3 Baths 1700 sqft Seasonal Residence Constructed In 2001 with Carpet Flooring, Membrane Roof, Piers Foundation, Stucco siding, Metal Frame Construction. Home Features Include Fire Extinguisher, Fireplace, Copper Water Pipes, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

64 Years old Single Female who is Retired with household income of $25-50,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 600-649 Credit Score

Home Insurance Rate of $930/9 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $240,000

2 Beds, 2 Bath 1520 sqft Seasonal Residence Constructed In 2005 with Carpet over wood flooring, Composition Roof, Piers Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Fire Extinguisher, Fireplace, Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

40 Years old Divorced Female who is Unemployed and has 1 Pet and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • Up to 499 Credit Score

  • Seniors staying at home

Home Insurance Rate of $410/6 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $245,000

4 Beds, 4 Baths 1750 sqft Primary Residence Constructed In 2002 with Stone Flooring, Metal Roof, Chainwall Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Central Air Conditioning, Deadbolt Locks, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

50 Years old Divorced Female who is a Freelancer with household income of more than $150,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 700-749 Credit Score

  • Guests at home

Home Insurance Rate of $490/4 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $510,000

4 Beds, 4 Baths 3140 sqft Seasonal Residence Constructed In 2011 with Wood Flooring, Slate Shingles Roof, Crawl Space Foundation, Stucco siding, Metal Frame Construction. Home Features Include Indoor Sprinklers, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

38 Years old Married Female who is Unemployed and has 3 Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 600-649 Credit Score

  • Seniors staying at home

Home Insurance Rate of $120/3 months for $150000-$175000 Coverage
Policy Holder Home Details :

Home Value : $190,000

3 Beds, 3 Bath 1510 sqft Rental Property Constructed In 2000 with Ceramic Tile Flooring, Membrane Roof, Piers Foundation, Wood siding, Brick Frame. Home Features Include Fire Extinguisher, Deadbolt Locks, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

32 Years old Divorced Male who has a Part Time Job with household income of less than $25,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

Santa Fe, NM Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
87505 $331,100 $770

Santa Fe Rates & Quotes Analysis:

Santa Fe Area Estimated House Insurance
Cll Lema, Starview, Rufina St, S Sierra Azul, Autumn Leaf Ln, Martinez St, Dunlap St, Corte de Espuelas, Brownell-Howland Rd, S Plata Cir$756
Sandoval St, N Luna Cir, Alamo Dr, Cordova Pl, Cll Pintura, Pso de la Cuma, Cam del Este, Yucca St, Corte de Princesa, Cll Cuesta$826
Shelby St, Co Rd 67G, State Hwy 502, Tijeras Rd, Parkway Dr, Aspen Loop, Cll Cisco, Rudolfo Rd, Lopez St, Office Ct$664
Cam Cabestro, Calle Nueva Vis, Cll Cacique, Hospital Dr, Don Miguel Pl, Zafarano Dr, Cll Daniel, Cll Blanca, Maclovia St, Cam de Alba$712
Via Janna, Tony St, Pso de Florencio, Cam Atalaya, Laughlin St, Calleja Shannon, Cam Montuoso, Canada del Sur, Sentiero Della Villa, Sambra Dr$843
Pso Primero, Washington Ave, Estrellas de Tano, Pintado Cir, Madrid Rd, Santander Ln, Pso del Sol, Cam Cuervo, San Juan Ranch Rd, Jemez Rd$920
Cree Ct, Callej Tisnado St, Molino de Viento, S Richards Ave, Pueblo Jacona, San Antonio St, Cll Princesa Juana, de Fouri St, Hidden Valley Rd, Aggie Ln$706
Louraine Cir, Chapelle St, Delihah Ln, Stereophile Way, Maya Ct, Alameda Frontage Rd, Gregory Ln, Don Manuel St, Co Rd 87, E Alameda St$778
Cedarcrest, Old Las Vegas Hwy, State Hwy 300, Cll de Valdes, Madrid Rd, City Lights St, Roybal St, Montoya Pl, Grant Ave, Kachina Ridge Dr$882
W Cordova Rd, Coyote Ridge Trl, Montoya St, Lopez Ln, Cypress St, Nueva Ct, Rinconada Cir, Sierra Nevada, Ave Linda, Zepol Rd$659

Insurance rates are influenced by a number of factors including:

  • Year Built: 6,558 Homes (14% of total homes ) built between 1970 to 1979 in Santa Fe are paying home insurance between $1,185-$1,196. Places close to Santa Fe, NM such as Tesuque, Chupadero, Eldorado at Santa Fe are more expensive by $218, $307, $61 respectively while Agua Fria and Peak Place are cheaper by $59 and $155 respectively for similar homes.
  • Bedrooms: 13,877 2 bedrooms homes (32% of total homes ) in Santa Fe are paying about $432. Areas near to Santa Fe such as Tesuque, Chupadero, Eldorado at Santa Fe are costlier by $79, $111, $22 respectively whereas Agua Fria and Peak Place are more economical by $21, $37 respectively for similar homes.
  • Auto Insurance Bundling: 5,370 Households (23% of all households) in Santa Fe have 3 or more vehicles available and when it is bundled with home insurance you can save $182 compared to Agua Fria ($173), Tesuque ($216), Peak Place ($159).
  • Senior Discounts: 13,428 seniors (more than 55 years) occupied housing units (58% of total) in Santa Fe get discounts between $109 to $111 and differs from Agua Fria ($104), Tesuque ($129), Peak Place ($95).
  • New Homes discounts: New homes such as the 19,998 homes built between 2000 to 2009 in Santa Fe can save $146 compared to Agua Fria ($139), Tesuque ($173), Peak Place ($127).

Santa Fe Homeowners insurance Facts

  • Santa Fe, NM has 23,003 owner occupied houses which is 61.4% of all units whereas Agua Fria, Tesuque and Peak Place have 63.45%, 80.26% and 73.91% respectively.
  • Santa Fe, NM homeowners yearly insurance price at $731 is 0.26% of the typical house value of $281,800 which is in contrast with 0.38% in Agua Fria, 0.13% at Tesuque & 3.83% in Peak Place.
  • Homeowners in Santa Fe, NM pay 5.85% of their income ($10,000 to $14,999) in insurance whereas homeowners in Agua Fria, Tesuque and Peak Place pay 5.56%, 6.92% and 5.09% respectively.
  • Santa Fe, NM’s insurance is 3.8% of monthly housing costs of $1,600/month, for owners with a mortgage compared to 4.49% in Agua Fria, 2.76% at Tesuque & 7.27% in Peak Place. But, for households without a mortgage, insurance is 15.4% of costs ($395 in Santa Fe, NM) in contrast with 17.19% in Agua Fria, 13.52% at Tesuque & 12.33% in Peak Place.

Santa Fe, NM Home Values & Insurance rates

For example, insurance for 2,995 Homes (18.0% of total homes ) valued between $250,000 to $299,999 in Santa Fe, NM is about $709. Rates in nearby areas in such as Tesuque, Eldorado at Santa Fe, Santa Fe County are cheaper by $355, $171, $13 respectively while Agua Fria and La Cienega are costlier by $333 and $138 respectively for similar homes.

Santa Fe, NM Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 2,657 16.0% $58
$50,000 to $59,999 261 1.0% $131
$60,000 to $69,999 170 1.0% $168
$100,000 to $124,999 490 3.0% $285
$125,000 to $149,999 426 2.0% $350
$150,000 to $174,999 932 5.0% $416
$175,000 to $199,999 1,382 8.0% $482
$200,000 to $249,999 2,936 18.0% $584
$250,000 to $299,999 2,995 18.0% $709
$300,000 to $399,999 3,685 22.0% $906

Renters Insurance in Santa Fe

  • Average Renters Insurance in Santa Fe :  $93($7/month)

  • Median Gross Rent in Santa Fe :  $909

  • Santa Fe Renters Insurance to Median Rent Ratio:  0.77%

  • Renter occupied housing units in Santa Fe :  14,457

Santa Fe Renters Insurance as a Percentage of Rent

Santa Fe Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 431 3.0% $323
$200 to $299 470 3.0% $773
$300 to $499 633 4.0% $1223
$500 to $749 2,621 19.0% $1898
$750 to $999 4,153 30.0% $2648
$1,000 to $1,499 3,997 29.0% $3773
$1,500 or more 1,433 10.0% $5423

Rent Affordability in Santa Fe:

Approximately 50.0% (7,278) of households are spending more than 35% of their income on gross rent in Santa Fe

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 1,836 12.0%
15.0 to 19.9 percent 1,561 10.0%
20.0 to 24.9 percent 1,416 9.0%
25.0 to 29.9 percent 1,148 7.0%
30.0 to 34.9 percent 1,218 8.0%
35.0 percent or more 7,278 50.0%

Santa Fe Renters Insurance Discounts:

Santa Fe Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Santa Fe, NM Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 7,579 52.0% $9.3
2 vehicles available 4,010 27.0% $13.95
3 or more vehicles available 1,312 9.0% $18.6

Protective device discount in Santa Fe Up to :  $13

Claims-free discount in Santa Fe Up to :  $18