Homeowner Insurance Costs in Socorro County, NM

How much does homeowner insurance cost in Socorro County? Here's what to expect.

Est. Annual Premium

$730

Monthly Cost

$61

Median Home Value

$132,700

% of Income

1.8%

Typical Coverage Breakdown

Coverage Amounts

Dwelling (Coverage A)$132,700
Personal Property (C)$66,350
Liability (E)$300,000
Deductible$1,327

Cost Context

Homeownership Rate74.9%
Median Income$40,699
Property Tax Rate0.5%
Population16,453

About Insurance in Socorro County

Homeowner insurance in Socorro County, New Mexico costs an estimated $730 per year for a median-value home of $132,700. This represents approximately 1.8% of the median household income of $40,699.

Actual premiums depend on your home's age, construction type, claims history, credit score, proximity to fire stations, and specific peril exposures. Use our calculator for a personalized total cost of risk analysis with peril-by-peril breakdown.

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Other Counties in New Mexico

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: Insurance Information Institute, state insurance departments. Estimates are county-level approximations. This is not insurance advice.