Hobbs Insurance Rates:

Hobbs, NM homeowners insurance is nearly $565 to $767, about $47-$63/month. Our comprehensive guide reveals consumers can save as much as $266 by comparing different quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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Latest Home Insurance Reviews

Blue Cross Blue Shield
The company office locations are many and nearby, which helps me to access conveniently when required
State Farm
I would generally recommend this company for home insurance to those who wish to also get, say auto insurance and property insurance for possessions as well.
Farmer's Insurance
I would recommend them. So far so good, and I have had horrible experiences with other insurance companies, so I'm a little biased against OTHER companies.
Farm Bureau
I would recommend this company for home insurance because they focus on customers, not advertising. They are quick to respond and friendly to their customers.
Progressive
I think they offer insurance for home and auto like most insurance companies. The main thing that makes them different is their prices beat most competitors.
Farmer's Insurance
Yes, for the insurance company to issue the homeowners insurance policy, the home has to be named under the person living in the home, particularly, the one who is named as the owner of the house
Allstate
I recommend this company for home insurance. They are speedy, dependable, trustworthy, low-maintenance, and always there for me when I need them. I appreciate their online chat options and am grateful to have them.
Geico
My home insurance company is bundled with my car insurance company which saves me money overall.
State Farm
They are very good support people to talk with and have very good plans to choose from and easy to help do a claim on anything that you need for insurance.
State Farm
I like the easy interface to this site. I am able to get the information I need quickly and can communicate effortlessly with my agent.
Farmer's Insurance
Everything was taken care of in a matter of minutes. We have our cars and home bundled together.
State Farm
One thing we like is that our agent is just about one mile from us, so we just pay our premium in the office. Also, our agent is a very friendly guy who we got to know very well. We enjoy going in when he is there so we can talk with him.
Farm Bureau
The worst thing about the company is the customer service. The employees do not communicate with each other about what needs to be done. I had to speak to 3 different people about an issue and they all assured me it was taken care of, when it wasn't
State Farm
It has a good reputation and is one of the largest and most used homeowners insurance companies in U.S. I like it.
Allstate
I'd recommend my insurance company because their agents have been honest with me and take time to explain different aspects of the policy.

Hobbs, NM Homeowners Insurance By Home Value

Hobbs, NM Home Value Total Homes % of Total Average Hobbs, NM Homeowners Insurance
Less than $50,000 1,798 18.0% $166
$50,000 to $59,999 385 4.0% $346
$60,000 to $69,999 561 5.0% $432
$70,000 to $79,999 568 6.0% $499
$80,000 to $89,999 847 8.0% $566
$90,000 to $99,999 755 7.0% $632
$100,000 to $124,999 1,011 10.0% $732
$125,000 to $149,999 534 5.0% $919
$150,000 to $174,999 886 9.0% $1085
$175,000 to $199,999 562 5.0% $1252
$200,000 to $249,999 619 6.0% $1505
$250,000 to $299,999 480 5.0% $1838
$300,000 to $399,999 459 4.0% $2337

Top Home Insurance Agents Near Hobbs, NM

Home Insurance Company Near Hobbs, NM Homeowners Insurance Agency Near Hobbs, NM Address
NA Leavell Insurance, Inc. 117 E. Broadway, Hobbs, NM, 88240
State Farm Guy Chaney 400 S Main St, Seminole, TX, 79360-5058
Farmers James Wright 12 W Central Ave, Lovington, NM, 88260
Travelers Leavell Insurance & Real Estate Inc 902 MAIN ST, EUNICE, NM, 88231
Farmers Mark Whittington 107 N Main Ave, Lovington, NM, 88260

Hobbs, NM Home Insurance Agents for Top Companies


Cost Of Homeowners Insurance By Street Near Hobbs, NM

Streets in Hobbs Area Homeowners Insurance Cost
W Gold Ave, Jennifer Ln, N Morris St, W Scott Pl, E Siler Rd, S Ave B, E Clinton St, N Wittman Dr, S Edwards St, N Isaacs St$693
Pearl St, S Dal Paso St, E Llano Dr, Geronimo Rd, N Monarch St, N Llewlyn St, N Warpath St, N Johnson Rd, W Pawnee Rd, W Park St$659
E de Soto St, W Alston St, W Arizona St, W Marland St, N Northwest Dr, W Taos St, W Cain St, Bradley Ct, W Clearfork Dr, N Lobo Ct$645
W Guadalupe St, E Stanolind Rd, Rojo Dr, Noyes Ln, W Canterbury Dr, E Green Acres Dr, S Houston St, W Yeso Dr, E Cottonwood Ln, E Rushin Rd$732
E Snyder St, W Lawrence Rd, Monument Hwy, S Hallam St, Fiesta Dr, W Comanche Dr, Stone Rd, W Navajo Dr, N Cochran St, W Georgia Ave$656

Hobbs, NM Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Hobbs$99 to $102
Monument$98
Lea County$99
North Hobbs$103

Hobbs, 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
Monument CDP, New Mexico $98 $131 $197
Lea County, New Mexico $99 $132 $198
Nadine CDP, New Mexico $98 $131 $197

Hobbs, 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
Hobbs, NM5.2%18.5%
Lea County5.28%18.32%
Nadine5.73%24.81%
North Hobbs4.25%18.93%

Hobbs Renters Insurance as a Percentage of Rent

Hobbs Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 141 3.0% $361
$200 to $299 149 3.0% $811
$300 to $499 498 12.0% $1261
$500 to $749 1,258 30.0% $1936
$750 to $999 1,040 25.0% $2686
$1,000 to $1,499 837 20.0% $3811
$1,500 or more 181 4.0% $5461

Hobbs, NM Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$1,100$3,100
Yearly Hobbs Homeowner Insurance Premium Example $1,100$700
Out of Pocket Expense During Claim$1,100$3,100
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim $9,900$8,700
Net Savings to Hobbs Home Owner from High Deductible Plan $1,200

Hobbs, NM Home Insurance Costs With Home Replacement Value Scenarios

Scenario Hobbs, NM Home Replacement Value MORE than Home Value Hobbs, NM Home Replacement Value LESS than Home Value
Replacement Value $93,500 $68,500
Insurance Premium based on Replacement Value $425 $325
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $7,500 Risk Exposure from Under Insuring Coverage is $17,500
Premium Impact Insurance cheaper by $75/year Insurance costlier by $25/year

Example Hobbs Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company GEICO InsuranceAmica Mutual Insurance CompanyFarmers Insurance
Monthly Premium 373569
Year Built 197819681990
Home Details 3 Beds, 1 Baths4 Beds, 1 Baths5 Beds, 4 Baths
Coverage Amount $125000-$150000$75000-$100000$250000-$300000
Deductible $1000-$2500 Deductible$500 Deductible$5000 to $10,000 Deductible

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

Year Built Home Value Roof Type Sqft Number of Bedrooms Deductible Premium Premium Months Siding Type Smoker/Non Smoker
1962 120,000 Tile Roof 2,010 3 $2500-$5000 Deductible 360 9 Fiber-Cement Siding No
1971 140,000 Asphalt Shingles Roof 2,370 4 $1000-$2500 Deductible 340 7 Vinyl siding yes
1973 115,000 Slate Shingles Roof 1,400 3 $1000-$2500 Deductible 370 9 Stucco siding yes
1993 205,000 Shingles Roof 2,710 5 > $10,000 Deductible 140 3 Wood siding yes
1989 100,000 Asphalt Shingles Roof 1,630 4 $2500-$5000 Deductible 140 6 Brick siding yes
1994 220,000 Shingles Roof 3,150 5 > $10,000 Deductible 420 9 Stone Siding yes
1981 215,000 Composition Roof 2,910 5 $500 Deductible 250 3 Stone Siding yes
1964 95,000 Composition Roof 1,660 5 $500- $1000 Deductible 300 8 Vinyl siding yes
1964 145,000 Membrane Roof 2,470 5 $1000-$2500 Deductible 380 8 Vinyl siding No
1967 125,000 Tile Roof 2,170 3 $2500-$5000 Deductible 70 2 Brick siding No
1965 115,000 Membrane Roof 1,780 5 $500 Deductible 360 7 Wood siding yes
1983 160,000 Slate Shingles Roof 2,370 3 $2500-$5000 Deductible 300 5 Stone Siding yes
1971 295,000 Membrane Roof 4,880 5 $2500-$5000 Deductible 360 4 Brick siding yes
1976 175,000 Composition Roof 2,510 5 $2500-$5000 Deductible 1010 12 Vinyl siding yes
1990 165,000 Membrane Roof 2,740 4 $500- $1000 Deductible 440 10 Wood siding yes
1976 70,000 Slate Shingles Roof 1,210 3 $500 Deductible 230 8 Brick siding No
1995 400,000 Composition Roof 4,860 5 $1000-$2500 Deductible 1250 7 Brick siding No
1963 100,000 Wood Shake Roof 1,420 3 $500- $1000 Deductible 80 3 Vinyl siding No
1982 175,000 Asphalt Shingles Roof 2,390 5 $5000 to $10,000 Deductible 310 5 Stone Siding No
1990 120,000 Metal Roof 1,650 3 $500 Deductible 50 1 Brick siding No
1999 135,000 Asphalt Shingles Roof 2,070 4 $2500-$5000 Deductible 230 7 Brick siding No
1988 185,000 Asphalt Shingles Roof 2,400 3 $500 Deductible 660 12 Vinyl siding No
1969 175,000 Metal Roof 2,350 3 $5000 to $10,000 Deductible 210 3 Brick siding yes
1977 145,000 Slate Shingles Roof 2,090 3 $2500-$5000 Deductible 280 10 Wood siding No
1971 180,000 Asphalt Shingles Roof 3,010 4 $5000 to $10,000 Deductible 180 3 Brick siding No
1967 140,000 Shingles Roof 1,700 4 $1000-$2500 Deductible 400 10 Stone Siding No
1989 95,000 Composition Roof 1,290 3 $500- $1000 Deductible 340 9 Vinyl siding yes
1994 220,000 Asphalt Shingles Roof 2,600 4 $500- $1000 Deductible 790 9 Wood siding yes
1977 125,000 Wood Shake Roof 1,660 5 $500 Deductible 160 3 Vinyl siding yes
1974 80,000 Slate Shingles Roof 1,240 3 $1000-$2500 Deductible 460 12 Stone Siding No
1981 190,000 Tile Roof 2,780 4 $2500-$5000 Deductible 450 9 Brick siding No
1992 190,000 Composition Roof 2,340 3 $5000 to $10,000 Deductible 420 6 Fiber-Cement Siding No
1963 195,000 Metal Roof 2,540 4 $500- $1000 Deductible 360 5 Vinyl siding No
1981 335,000 Composition Roof 4,450 5 $5000 to $10,000 Deductible 540 6 Brick siding yes

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