Farmington Insurance Agencies – How to Find the Right One

When searching for a licensed insurance agent in Farmington, it’s recommended you do an initial search by comparing rates online to save time. Most likely that not only do you want a great agent that can assess your needs, but also affordable coverage.

With companies like State Farm, Allstate, Farmers and independent agents all competing for your business, it’s difficult to determine which one will provide the lowest rates and best service. To begin, consumers can get online price quotes to get a list of agents and price estimates.

Neighborhood insurance agents

Licensed agents can help determine the best coverages and give you someone to call. The best thing about comparing rates online is you may find lower rates and still choose a local agent. Supporting local businesses is important especially in Farmington.

After filling out this form (opens in new window), your information is sent to local insurance agents who will return price quotes for your business. You don’t have to leave your computer as quotes are delivered to the email address you provide. How cool is that?!

The type of insurance agent you choose is important

When finding a reputable insurance agent or broker, there are two types of agencies from which to choose. Agencies in Farmington are classified as either captive or independent. Both do a good job, but it’s worth learning the differences since it may influence your selection of an agent.

Independent Agencies or Brokers

Independent agents are not employed by any specific company so they have the ability to put coverage with many different companies and potentially find a lower price. To move your coverage to a new company, your agent can switch companies without you having to go to a different agency.

When comparing rates, you should always contact at least one independent agent to ensure the widest selection of prices.Most can insure with smaller regional carriers which can save you money.

Listed below is a short list of independent insurance agents in Farmington willing to provide rate quotes.

  • Walker Agency – 4601 English Rd – Farmington, NM 87402 – (505) 326-4952
  • American National Insurance Co – 2014 San Juan Blvd # E – Farmington, NM 87401 – (505) 325-6191
  • Cal Mayfield Agency – 2901 E 20th St – Farmington, NM 87402 – (505) 327-4841
  • Woods Insurance Svc Inc – 4801 N Butler Ave # 12-101 – Farmington, NM 87401 – (505) 326-1111
  • Gordon Agency – 900 Sullivan Ave – Farmington, NM 87401 – (505) 327-4888
Captive Agents

These agents have only one company to place business with such as Farmers Insurance or State Farm. They generally cannot give you multiple price quotes so they have no alternatives for high prices. Captives receive extensive training on the products they sell which helps them sell insurance even at higher premiums. Consumers frequently buy insurance from these agents primarily because of the prominence of the brand and solid financial strength.

The following are Farmington captive insurance agents that are able to give comparison quotes.

  • Allstate Insurance – 2400 E 20th St – Farmington, NM 87401 – (505) 327-9667
  • Farm Bureau Insurance – 2603 E Main St – Farmington, NM 87401 – (505) 326-0043
  • Farmers Insurance Group – 4250 E Main St – Farmington, NM 87402 – (505) 327-9636
  • State Farm Insurance – 3838 E Main St – Farmington, NM 87402 – (505) 325-0214

To view a full list of captive insurance agencies in Farmington, view this link.

Selecting a car insurance agent should depend on more than just the premium amount. Here are some questions to ask:

  • Do they have advanced training designations such as CPCU, AAI, AIC, or CIC?
  • How long has their agency been open in Farmington?
  • Are they full-time agents?
  • Do they regularly work with personal auto policies?
  • Are claim adjusters local or do you have to take your car somewhere else?

After getting satisfactory answers to your questions as well as a affordable price, it’s possible that you found an insurance agent that is a good match to service your policy.

Are online companies like Geico cheaper?

Licensed agents are important to many people, but you also have the option of buying from companies direct over the internet. Some companies that are more known for using agents, also allow you to quote and buy online, so this should also be taken into consideration if you prefer to buy online.

If you’re anxious about not having an insurance agent’s advice when buying direct, don’t let it bother you. All companies that allow you to purchase coverage have toll-free phone numbers and other options to answer your questions.

If the lowest price is important, the best way to know if car insurance prices are lower online or from agents is to get rates from both and compare them. Lots of times people will get different prices from the SAME company depending on if you quote online or with their agents.

Are car insurance rates lower online? That question is hard to answer because of the fact that insurance companies use many factors that can increase policy rates. Common logic is that buying online cuts out the middleman. In many cases, it’s expensive to advertise so rates may not be all that different from traditional agents.

Much more information about car insurance in New Mexico is available on the New Mexico Insurance Division website located here. Consumers can discover disciplinary actions, report car insurance fraud, learn about insurance regulations, and read enforcement actions against agents and companies.

These articles may also be worth reading.

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Buy online or local, you save

When trying to cut insurance costs, never reduce coverage to reduce premium. Too many times, an insured cut comprehensive coverage or liability limits only to find out that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to purchase plenty of coverage at a price you can afford while not skimping on critical coverages.

People switch companies for a number of reasons such as policy non-renewal, an unsatisfactory settlement offer, unfair underwriting practices and poor customer service. Regardless of your reason, finding a new car insurance company can be easy and end up saving you some money.