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As of August 01, 2026, the average salary for a Farmers Insurance Agent in New Mexico is $80,644 per year, which breaks down to an hourly rate of $39.
However, a Farmers Insurance Agent's salary can vary significantly. Here’s a look at the typical salary range:
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Farmers Insurance Agent Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $90,974 | $7,581 | $1,749 | $44 |
| Average | $80,644 | $6,720 | $1,551 | $39 |
| 25th Percentile | $70,958 | $5,913 | $1,365 | $34 |
Rodney Baca-Farmers Insurance Agency - Los Lunas, NM
HealthMarkets - Albuquerque, NM
Horace Mann - Roswell, NM
Horace Mann - Albuquerque, NM
A Farmers Insurance Agent's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Farmers Insurance Agent's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Insurance... Level Farmers Insurance Agent | $59,159 |
| Farmers I... Level Farmers Insurance Agent | $81,316 |
| Insurance... Level Farmers Insurance Agent | $143,845 |
| Insurance... Level Farmers Insurance Agent | $194,712 |
| Insurance... Level Farmers Insurance Agent | $234,363 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Farmers Insurance Agents. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Farmers Insurance Agent roles, the industry you choose can impact your earning potential by as much as 25% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Insurance, offers compensation 10% above the average. Conversely, Farmers Insurance Agent positions in Business Services typically offer lower base pay, as this sector often view Farmers Insurance Agent as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Insurance | $88,708 | $43.0 | 10% |
| Financial Services | $84,676 | $41.0 | 5% |
Understanding how a Farmers Insurance Agent's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $90,974 | $7,581 | $1,749 | $44 |
| Average | $80,644 | $6,720 | $1,551 | $39 |
| 25th Percentile | $70,958 | $5,913 | $1,365 | $34 |
Ready to take the next step in your career? Browse thousands of current Farmers Insurance Agent job openings on our job board. Use the search bar below to find your perfect match.
Horace Mann
Santa Fe, NM
Horace Mann | Santa Fe, NM
Insurance Agent - Santa Fe, NM. Join Horace Mann and unlock your financial potential. Ready to take control of your financial future. At Horace Mann, we ar... more
12 Days Ago
Liberty Information Technology Limited
Carlsbad, NM
Liberty Information Technology Limited | Carlsbad, NM
Sales Agent. We are looking for a Sales Agent to join our team in our Alburquerque office and other New Mexico areas. Success in this role will require a s... more
8 Days Ago
Liberty Information Technology Limited
Albuquerque, NM
Liberty Information Technology Limited | Albuquerque, NM
Sales Agent. We are looking for a Sales Agent to join our team in our Alburquerque office and other New Mexico areas. Success in this role will require a s... more
9 Days Ago
Comparion Insurance Agency
Farmington, NM
Comparion Insurance Agency | Farmington, NM
Sales Agent. We are looking for a Sales Agent to join our team in our Alburquerque office and other New Mexico areas. Success in this role will require a s... more
10 Days Ago
Comparion Insurance Agency
Las Cruces, NM
Comparion Insurance Agency | Las Cruces, NM
Sales Agent. We are looking for a Sales Agent to join our team in our Alburquerque office and other New Mexico areas. Success in this role will require a s... more
10 Days Ago
Comparion Insurance Agency
Santa Fe, NM
Comparion Insurance Agency | Santa Fe, NM
Sales Agent. We are looking for a Sales Agent to join our team in our Alburquerque office and other New Mexico areas. Success in this role will require a s... more
10 Days Ago
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