Farmington Insurance Rates:

Farmington, NM homeowners insurance is approximately $587 to $796, about $48-$66/month. Our complete guide reveals consumers can save as much as $276 by getting many quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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Latest Home Insurance Reviews

State Farm
We had a claim due to some hail damage. they were quick on getting us the money to get it fixed. we have never had any issues, but this time when we needed them, they were fair.
Progressive
I do not like that progressive seems like they are always trying to sell me additional services. frequently i'm asked if i would like to purchase other types of insurance.
State Farm
I like that they make me feel comfortable and like i am family in a way because i have been a loyal customer for year's.

Farmington, NM Homeowners Insurance By Home Value

Farmington, NM Home Value Total Homes % of Total Average Farmington, NM 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

Top Home Insurance Agents Near Farmington, NM

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

Cost Of Homeowners Insurance By Street Near Farmington, NM

Streets in Farmington Area Homeowners Insurance Cost
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 Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Farmington$103 to $105
Kirtland$101
Upper Fruitland$98
La Plata$105

Farmington, NM Auto & Homeowners Insurance Bundling Discounts

Place 1 Car Bundle Savings On Insurance 2 Car Bundle Savings On Insurance 3 Car Bundle Savings On Insurance
Kirtland CDP, New Mexico $101 $135 $203
Upper Fruitland CDP, New Mexico $98 $131 $197
La Plata CDP, New Mexico $106 $141 $212

Farmington, NM Area Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Farmington, NM4.6%17.2%
Kirtland5.78%19.4%
Upper Fruitland6.14%25.42%
La Plata7.15%14.97%

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

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

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

Sample Home Insurance Rates for Farmington, NM from Consumer Reviews & Surveys

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
2010 250,000 Slate Shingles Roof 2,690 4 > $10,000 Deductible 430 7 Wood siding No
1994 115,000 Wood Shake Roof 1,290 3 $500- $1000 Deductible 610 12 Wood siding No
1980 265,000 Wood Shake Roof 2,790 4 $2500-$5000 Deductible 250 3 Fiber-Cement Siding yes
2012 150,000 Asphalt Shingles Roof 1,540 3 $500 Deductible 50 1 Vinyl siding No
1997 225,000 Slate Shingles Roof 1,940 3 $1000-$2500 Deductible 900 12 Stucco siding yes
1968 150,000 Shingles Roof 1,480 3 $500 Deductible 360 6 Stone Siding yes
1961 180,000 Tile Roof 2,220 3 $500 Deductible 740 10 Vinyl siding yes
1963 250,000 Shingles Roof 2,270 3 > $10,000 Deductible 80 2 Wood siding yes
1998 130,000 Tile Roof 1,600 3 $500- $1000 Deductible 240 5 Fiber-Cement Siding No
2013 260,000 Shingles Roof 2,980 4 $1000-$2500 Deductible 910 9 Wood siding yes
1987 440,000 Metal Roof 4,070 5 > $10,000 Deductible 550 6 Stucco siding yes
2002 195,000 Slate Shingles Roof 2,170 4 $5000 to $10,000 Deductible 220 5 Brick siding No
1994 235,000 Membrane Roof 2,830 4 $2500-$5000 Deductible 170 2 Stucco siding yes