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.
| Home Insurance Company Near Farmington, NM | Homeowners Insurance Agency Near Farmington, NM | Address |
|---|---|---|
| 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 |
| 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 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Farmington, NM | 4.6% | 17.2% |
| Kirtland | 5.78% | 19.4% |
| Upper Fruitland | 6.14% | 25.42% |
| La Plata | 7.15% | 14.97% |
| 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 |
| 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 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Farmington | $103 to $105 |
| Kirtland | $101 |
| Upper Fruitland | $98 |
| La Plata | $105 |
| Low Deductible | High 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 | |
| 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 |
| Insurance Company | Allstate | Farmers Insurance | Liberty Mutual |
| Monthly Premium | 30 | 91 | 130 |
| Year Built | 1960 | 1984 | 2010 |
| Home Details | 3 Beds, 1 Baths | 4 Beds, 3 Baths | 5 Beds, 4 Baths |
| Coverage Amount | $100000-$125000 | $300000-$350000 | $500000-$600000 |
| Deductible | $1000-$2500 Deductible | $2500-$5000 Deductible | $5000 to $10,000 Deductible |