Finding the best cheap coverage for a Jeep Wrangler in New Mexico hinges on a lot of things such as how you use your Wrangler, the likelihood of vehicle theft, and any prior driving offenses. Drivers in New Mexico pay approximately $841 annually for Wrangler insurance, but that cost is a projection calculated using a 40-year-old married male driver with full physical damage coverage and $500 deductibles.
But there is a high likelihood that you may not be 40 years old (or even male), you might be single instead of married, or maybe your Wrangler is old enough that it doesn’t require full coverage. Insurance is an individual thing, so the only way to find the cheapest insurance price for your Jeep is to do your own rate comparisons.
The trim level of your vehicle has an effect on price, so the price you will be charged to insure a Wrangler Sport 4WD 2-Dr will be $214 lower than the insurance cost for the higher-priced Wrangler Unlimited Rubicon 4WD 4-Dr version, as shown in the chart below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Wrangler Sport 4WD 2-Dr | $160 | $200 | $332 | $20 | $100 | $812 | $68 |
| Wrangler Unlimited Sport 2WD 4-Dr | $160 | $200 | $414 | $24 | $124 | $922 | $77 |
| Wrangler Sport Islander Package 4WD 2-Dr | $160 | $256 | $332 | $20 | $100 | $868 | $72 |
| Wrangler Unlimited Sport 4WD 4-Dr | $184 | $200 | $414 | $24 | $124 | $946 | $79 |
| Wrangler Sahara 4WD 2-Dr | $184 | $256 | $332 | $20 | $100 | $892 | $74 |
| Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $184 | $200 | $414 | $24 | $124 | $946 | $79 |
| Wrangler Unlimited Sahara 2WD 4-Dr | $184 | $200 | $414 | $24 | $124 | $946 | $79 |
| Wrangler Rubicon 4WD 2-Dr | $184 | $256 | $332 | $20 | $100 | $892 | $74 |
| Wrangler Unlimited Sahara 4WD 4-Dr | $184 | $256 | $414 | $24 | $124 | $1,002 | $84 |
| Wrangler Unlimited Rubicon 4WD 4-Dr | $208 | $256 | $414 | $24 | $124 | $1,026 | $86 |
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Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Prices do not factor in the specific area where the vehicle is garaged which can increase or decrease coverage rates significantly.
Selecting a high-quality insurance provider can be difficult considering how many companies there are to choose from in New Mexico. The rank data in the next section may help you analyze which car insurance companies to look at when trying to find cheaper insurance for a Jeep Wrangler. The ratings below are for the companies with a significant amount of written premium nationwide, so companies that may only write in New Mexico are not factored into the list.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
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Data Source: Insure.com Best Car Insurance Companies
Cost of full coverage
Reducing the cost of auto insurance is important to most vehicle owners, and one of the easiest ways to pay less for insurance for a Jeep Wrangler is to buy liability only. The diagram below shows the difference between premium costs when comparing full coverage to liability only. The rates are based on no violations or claims, $100 deductibles, drivers are not married, and no additional discounts are factored in.
If the expense is averaged for all age categories, comp and collision coverage costs $2,086 per year more than just buying liability only. That is a significant amount which raises the question when is the right time to remove full coverage. There is no exact formula of when to drop physical damage coverage, but there is a guideline you can consider. If the yearly cost for physical damage coverage is about 10% or more of the replacement cost minus the deductible, then it may be the right time to buy liability only.
There are some situations where dropping physical damage coverage is not financially feasible. If you haven’t paid off your loan, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.
How to get discounts on Albuquerque insurance
Auto insurance companies that offer quotes for a Jeep Wrangler may additionally offer special discounts that may potentially lower prices by as much as 35% or more if you can meet the requirements. The best auto insurance companies and their possible discounts are included below.
- Progressive may have discounts that include online signing, multi-vehicle, multi-policy, good student, and continuous coverage.
- MetLife includes discounts for accident-free, multi-policy, good student, good driver, and claim-free.
- Mercury Insurance may offer discounts for low natural disaster claims, age of vehicle, good student, location of vehicle, professional/association, and multi-car.
- Nationwide may include discounts for anti-theft, defensive driving, easy pay, business or organization, multi-policy, and accident-free.
- GEICO discounts include five-year accident-free, multi-policy, military active duty, federal employee, defensive driver, anti-lock brakes, and anti-theft.
- AAA offers discounts for pay-in-full, multi-policy, multi-car, good student, anti-theft, and good driver.
The chart below illustrates the difference between car insurance costs with and without discounts applied to the policy premium. The costs are based on a female driver, no accidents or driving violations, New Mexico state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.
The first bar for each age group shows the price with no discounts. The second shows the rates with accident-free, homeowner, multiple policy, safe-driver, vehicle safety, and anti-theft discounts applied. With discounts applied, the average amount saved each year on auto insurance for a Jeep Wrangler is 28% or $520.
The illustration below illustrates how choosing a deductible can affect insurance costs when trying to find cheap insurance for a Jeep Wrangler. The rate quotes are based on a single female driver, full coverage, and no additional discounts are factored in.
In the chart above, a 30-year-old driver could lower rates by $258 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $392 by changing to a $1,000 deductible. Younger drivers, like the Age 20 chart data, could save as much as $558 or more by choosing a larger deductible amount.
When insureds make the decision to increase the deductibles on their policy, it will be important to have enough in a savings account to enable you to pay the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.