120+ more*Quotes generated for Insurify users from New Mexico within the last 10 days. Last updated on April 21, 2026. Actual quotes may vary based on the policy buyer’s unique driver profile.
*Quotes generated for Insurify users from New Mexico within the last 10 days. Last updated on April 21, 2026. Actual quotes may vary based on the policy buyer’s unique driver profile.
)
)
Co-authored the book “Future Millionaires’ Guidebook”
13 years writing personal finance content
A former chief copy editor at Bankrate and past managing editor at Macmillan, Kim specializes in writing easy-to-understand, actionable personal finance content.
Featured in
){kind=logo}
){kind=small}
){kind=small}
)
)
Sara Getman is an Associate Editor at Insurify and has been with the company since 2022. Prior to joining Insurify, Sara completed her undergraduate degree in English Literature at Simmons University in Boston. At Simmons, she was the Editor-in-Chief for Sidelines Magazine (a literary and art publication), and wrote creative non-fiction.
Outside of work, Sara is an avid reader, and loves yoga and knitting.
)
)
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 20461358
John is Insurify’s Chief Copy Editor, helping ensure the accuracy and readability of Insurify’s content. He’s a licensed agent specializing in home and car insurance topics.
Featured in
){kind=small}
Updated
At Insurify, our goal is to help customers compare insurance products and find the best policy for them. We strive to provide open, honest, and unbiased information about the insurance products and services we review. Our hard-working team of data analysts, insurance experts, insurance agents, editors and writers, has put in thousands of hours of research to create the content found on our site.
We do receive compensation when a sale or referral occurs from many of the insurance providers and marketing partners on our site. That may impact which products we display and where they appear on our site. But it does not influence our meticulously researched editorial content, what we write about, or any reviews or recommendations we may make. We do not guarantee favorable reviews or any coverage at all in exchange for compensation.
New Mexico drivers pay an average of $62 per month for minimum coverage and $131 per month for full coverage, according to Insurify data.
While auto insurance rates in the Land of Enchantment are lower than the national average, a few factors keep rates elevated. For instance, New Mexico has one of the highest uninsured motorist populations in the U.S., with 24.1% of drivers lacking car insurance. This pushes costs higher for insured drivers.
Additionally, several areas in New Mexico, such as Albuquerque, Las Cruces, and Clovis, have an above-average rate of fatal accidents.[1] Congested roadways and higher accident rates can increase car insurance rates because they raise the risk for insurers.
The table below highlights the cheapest car insurers in New Mexico by driver category, along with each company’s lowest monthly quote.
Driver Category | Cheapest Insurance Company in NM | Cheapest Monthly Quote in NM |
|---|---|---|
| Overall | The General | $56 |
| State-minimum coverage | The General | $56 |
| Full coverage | Progressive | $65 |
| Drivers with a clean record | The General | $56 |
| After a speeding ticket | Sun Coast | $69 |
| After an at-fault accident | The General | $80 |
| After a DUI | The General | $78 |
| Teen/new drivers | The General | $107 |
| Seniors | The General | $48 |
| Bad credit | The General | $69 |
New Mexico requires drivers to buy at least the state’s minimum required amount of liability car insurance to drive legally. Minimum liability requirements in New Mexico include bodily injury and property damage coverage, which financially protects you if you cause an accident by paying for the other driver’s vehicle damage and injuries.[2]
For the cheapest liability-only premiums in New Mexico, check out The General, Sun Coast, and National General.
The data below shows the cheapest liability-only rates in New Mexico.
Insurance Company | Average Monthly Quote |
|---|---|
| The General | $56 |
| Sun Coast | $58 |
| National General | $59 |
| Root | $62 |
| Bristol West | $63 |
| GAINSCO | $70 |
| State Farm | $73 |
| Safeco | $78 |
| Direct Auto | $80 |
| Dairyland | $87 |
| USAA | $89 |
| GEICO | $91 |
| Liberty Mutual | $128 |
| Allstate | $145 |
| Farmers | $174 |
| Nationwide | $177 |
)
Anuj Desai
Digital Insurance Agent, Insurify
While carrying just liability insurance is the cheapest option, it can leave you vulnerable to major expenses. For example, New Mexico has a high number of uninsured drivers. If an uninsured driver hits your car and you only have liability insurance, you’re on the hook for paying for all the repairs.
In 2024, more than 45,000 car crashes in New Mexico resulted in property damage, according to the New Mexico Department of Transportation. A full-coverage policy can help protect your vehicle because it includes collision and comprehensive insurance in addition to liability coverage.
If you lease or finance your vehicle, your leasing company or auto lender will likely require you to buy full coverage.
Progressive, Root, and State Farm have some of the most affordable full-coverage policies in the state. Here’s a look at the cheapest full coverage rates in New Mexico.
Insurance Company | Average Monthly Quote |
|---|---|
| Progressive | $65 |
| Root | $111 |
| State Farm | $125 |
| National General | $133 |
| Safeco | $146 |
| Sun Coast | $146 |
| USAA | $151 |
| Bristol West | $152 |
| GEICO | $155 |
| Direct Auto | $165 |
| The General | $177 |
| Dairyland | $185 |
| Liberty Mutual | $198 |
| GAINSCO | $211 |
| Allstate | $247 |
| Farmers | $296 |
| Nationwide | $300 |
*Quotes generated for Insurify users from New Mexico within the last 10 days. Last updated on April 21, 2026. Actual quotes may vary based on the policy buyer’s unique driver profile.
*Quotes generated for Insurify users from New Mexico within the last 10 days. Last updated on April 21, 2026. Actual quotes may vary based on the policy buyer’s unique driver profile.
Average rates for car insurance vary across New Mexico, whether you live in a large metro area like Albuquerque or a small city like Carlsbad. Comparing the best car insurance companies in New Mexico can help you find the right coverage for you at the lowest price.
Here are our top picks for car insurance in New Mexico.
| User Reviews | 3.7 |
|---|---|
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | NR |
Drivers appreciate the quick and easy setup but are dissatisfied with the frequent and unexplained rate increases. Many find the customer service lacking and the claims process slow.
Drivers appreciate the quick and easy setup but are dissatisfied with the frequent and unexplained rate increases. Many find the customer service lacking and the claims process slow.
New Mexico’s population includes 390,000 seniors aged 65 and older. Car insurance rates start climbing around this age because the risk of being injured or killed in a car accident increases. National General has some of the lowest liability rates for drivers in their 60s and 70s, helping this population save on their premiums.
Has 24-hour claims processing
Offers $500 emergency expense allowance
Low-mileage drivers could save with DynamicDrive program
Poor J.D. Power claims satisfaction rating
Low Trustpilot score
Fewer advertised discounts compared to other insurers
| User Reviews | 4.0 |
|---|---|
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.3 /10 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $73/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $125/mo |
Customers appreciate the insurer’s excellent customer service and personal attention but dislike the high prices and frequent rate increases. They also express frustration with the claims process.
Customers appreciate the insurer’s excellent customer service and personal attention but dislike the high prices and frequent rate increases. They also express frustration with the claims process.
A driving while intoxicated (DWI) conviction on your driving record can cause your car insurance rates to increase significantly. A DWI conviction in New Mexico can stay on your record for 55 years.
Fortunately, State Farm has some of the lowest full-coverage car insurance rates for drivers with a DWI on their records in New Mexico, along with decent rates for liability-only coverage after a DWI. Low rates could be especially helpful for people in Carlsbad, Rio Rancho, Hobbs, Clovis, and Farmington, which have higher DWI rates than the state and national average.
Cheap full-coverage car insurance after a DWI
Above-average J.D. Power customer satisfaction rating
Plenty of car insurance discounts help further lower costs
Doesn’t offer accident forgiveness
Gap coverage not available
Other companies may have cheaper rates for liability-only coverage after DWI
| User Reviews | 3.4 |
|---|---|
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 7.9 /10 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $62/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $111/mo |
Drivers appreciate the easy sign-up process and initial affordability but dislike the significant rate increases over time and difficulty reaching customer service.
Drivers appreciate the easy sign-up process and initial affordability but dislike the significant rate increases over time and difficulty reaching customer service.
Consumers in New Mexico have some of the lowest credit scores compared to other states and U.S. territories, with an average score of 695. Having spotty credit can increase your car insurance costs because insurers consider you a higher risk.
But Root Insurance offers affordable full-coverage and liability-only car insurance rates for drivers with poor and fair credit. It bases premiums mostly on driving habits. You’ll need to take a test-drive with a telematics device to get a quote, instead of pinning costs on driver demographics.
Cheap car insurance for drivers with poor credit
Rates based on driving habits
Drivers can bundle renters or homeowners insurance
Higher-than-average number of complaints with the National Association of Insurance Commissioners (NAIC)
Not rated by AM Best for financial strength
May not qualify if test-drive reveals unsafe habits
Average car insurance rates in New Mexico fell by 16% in 2025 compared to the prior year, according to a recent Insurify report. As of December 2025, full coverage costs New Mexico drivers an average of $1,604 per year.
Insurify data analysts project rates will drop another 0.5% in New Mexico by the end of 2026.
The table below highlights car insurance rates in New Mexico over the last five years.
Check quotes from 120+ top insurance companies
New Mexico state law requires you to have an active car insurance policy to drive legally. To meet New Mexico’s minimum car insurance requirements, you must have at least the following liability coverage for bodily injury and property damage:
$25,000 bodily injury liability (per person)
$50,000 bodily injury liability (per accident)
$10,000 property damage liability
You’ll need to show proof of insurance when registering your vehicle and when law enforcement asks for it. Proof can come in the form of a current auto insurance card, a copy of your current auto insurance policy, or a letter from your auto insurance company.
If you don’t have proof of coverage or you don’t carry minimum coverage at all, then the New Mexico Motor Vehicle Division (MVD) may suspend your vehicle registration. You’ll need to surrender your registration and license plate to the MVD within 10 days of receiving the Notice of Suspension of Registration letter.
While New Mexico law doesn’t require you to carry additional coverages, you may benefit from adding collision insurance and comprehensive insurance to your policy. Among your other coverage options, buying uninsured motorist coverage is also a good idea in the Land of Enchantment, where one in five drivers lacks car insurance.
Car insurance rates in New Mexico can vary widely depending on where you live. Prices are typically higher in large metro areas like Albuquerque and Las Cruces, while areas with lower population density and less traffic have more affordable coverage.
You can compare average monthly car insurance quotes for select New Mexico cities below.
City | Average Monthly Quote |
|---|---|
| Albuquerque | $119 |
| Farmington | $73 |
| Hobbs | $105 |
| Las Cruces | $94 |
| Rio Rancho | $111 |
| Roswell | $90 |
| Santa Fe | $101 |
In New Mexico, having a clean record means you don’t have any points on your license.[3] The General offers the most affordable New Mexico auto insurance for people with good credit and a clean driving record, according to Insurify data.
Here are the lowest liability-only quotes in New Mexico if you have a safe driving history:
Insurance Company | Average Monthly Quote |
|---|---|
| The General | $54 |
| Sun Coast | $60 |
| National General | $61 |
| Bristol West | $62 |
| Root | $62 |
| GAINSCO | $67 |
| State Farm | $71 |
| Direct Auto | $77 |
| Dairyland | $83 |
| Safeco | $83 |
| USAA | $86 |
| GEICO | $89 |
| Liberty Mutual | $134 |
| Allstate | $145 |
| Farmers | $167 |
| Nationwide | $169 |
Exceeding the posted speed limit in New Mexico can result in a fine ranging from $25 to $200. In New Mexico, Insurify data shows that 4.4% of drivers have a ticket on their record, which often means higher premiums.
Speeding tickets can raise your car insurance premiums for several years, and in New Mexico, they can add up to eight points to your record. New Mexico drivers with a recent speeding ticket pay an average of $74 per month for liability car insurance.
The table below highlights the cheapest rates for drivers with a speeding ticket in New Mexico.
Insurance Company | Average Monthly Quote |
|---|---|
| Sun Coast | $69 |
| National General | $70 |
| The General | $73 |
| Bristol West | $77 |
| GAINSCO | $81 |
| Root | $81 |
| State Farm | $90 |
| Direct Auto | $98 |
| Safeco | $100 |
| Dairyland | $105 |
| USAA | $112 |
| GEICO | $116 |
| Liberty Mutual | $159 |
| Allstate | $184 |
| Farmers | $217 |
| Nationwide | $224 |
New Mexico is an at-fault or traditional tort state, which means the driver who causes a car crash is responsible for resulting injuries and property damage. At-fault accidents can cause your rates to increase because car insurance companies see you as a higher risk.
New Mexico drivers pay an average of $89 per month for liability insurance after an at-fault accident, but it’s still possible to find affordable coverage. Here are the cheapest rates for drivers with an at-fault accident in New Mexico.
Insurance Company | Average Monthly Quote |
|---|---|
| The General | $80 |
| Sun Coast | $83 |
| National General | $84 |
| Bristol West | $87 |
| Root | $87 |
| GAINSCO | $94 |
| State Farm | $101 |
| Safeco | $113 |
| Direct Auto | $113 |
| Dairyland | $120 |
| USAA | $124 |
| GEICO | $124 |
| Liberty Mutual | $177 |
| Allstate | $203 |
| Farmers | $242 |
| Nationwide | $248 |
After a DWI conviction in New Mexico, you’ll need to install an ignition interlock device in your vehicle. This is required even for first-time offenders. You may also lose your driving privileges for a period of six months to three years or more, depending on the number of offenses on your record.
Insurers typically raise rates after a DWI, with New Mexico drivers paying an average of $90 per month for a liability policy.
Below are the cheapest rates for drivers with a DWI in New Mexico.
Insurance Company | Average Monthly Quote |
|---|---|
| The General | $78 |
| Sun Coast | $85 |
| National General | $86 |
| Bristol West | $91 |
| Root | $91 |
| GAINSCO | $101 |
| State Farm | $106 |
| Direct Auto | $116 |
| Safeco | $120 |
| Dairyland | $126 |
| USAA | $129 |
| GEICO | $131 |
| Liberty Mutual | $185 |
| Allstate | $210 |
| Farmers | $252 |
| Nationwide | $256 |
Monthly rates start at $71 for drivers with an incident
Teens in New Mexico can get a learner’s permit at age 15 after completing a state-approved driver’s education program. They’ll need to have the permit for at least six months and must complete supervised driving hours and follow restrictions on nighttime driving and passenger safety.
After completing the requirements, teens can apply for a provisional license, which is required for 12 months before getting a full unrestricted license.[4]
Teens have a higher crash rate than any other age group, so car insurance for teens is often more expensive. In New Mexico, teen drivers pay an average of $266 per month for full coverage and $126 for liability insurance.
Here are the cheapest rates for teen drivers in New Mexico.
Insurance Company | Average Monthly Quote |
|---|---|
| The General | $107 |
| Root | $115 |
| Sun Coast | $118 |
| Bristol West | $119 |
| National General | $120 |
| GAINSCO | $133 |
| State Farm | $150 |
| Dairyland | $161 |
| Direct Auto | $164 |
| Safeco | $167 |
| USAA | $174 |
| GEICO | $175 |
| Liberty Mutual | $238 |
| Allstate | $303 |
| Nationwide | $365 |
| Farmers | $367 |
By 2030, New Mexico is expected to have the fourth-largest senior population in the country, according to New Mexico Aging Services.
Seniors statistically get into fewer accidents than other age groups, so insurers generally charge them lower premiums. But older drivers are more vulnerable to injuries and death in these accidents. In 2024, 8,447 seniors were involved in car crashes in New Mexico.
New Mexico seniors pay an average of $83 per month for auto insurance coverage.
Here’s an overview of the most affordable rates for senior drivers in New Mexico.
Insurance Company | Average Monthly Quote |
|---|---|
| The General | $48 |
| Sun Coast | $50 |
| National General | $51 |
| Bristol West | $52 |
| Root | $52 |
| State Farm | $57 |
| GAINSCO | $60 |
| Direct Auto | $65 |
| Safeco | $68 |
| USAA | $72 |
| GEICO | $72 |
| Dairyland | $74 |
| Liberty Mutual | $106 |
| Allstate | $117 |
| Nationwide | $135 |
| Farmers | $137 |
In New Mexico, car insurance companies may use a credit-based insurance score when underwriting your policy and assessing risk. But credit can’t be the sole factor that determines rates and eligibility.
Drivers with poor credit in New Mexico pay an average monthly rate of $78 for minimum coverage and $164 for full coverage. The following table shows the cheapest rates for drivers with bad credit in New Mexico.
Insurance Company | Average Monthly Quote |
|---|---|
| The General | $69 |
| Sun Coast | $73 |
| National General | $74 |
| Root | $76 |
| Bristol West | $78 |
| GAINSCO | $86 |
| Safeco | $96 |
| Direct Auto | $99 |
| State Farm | $105 |
| Dairyland | $107 |
| USAA | $109 |
| GEICO | $112 |
| Liberty Mutual | $153 |
| Allstate | $179 |
| Farmers | $215 |
| Nationwide | $218 |
If you’re on the hunt for cheaper car insurance in New Mexico, check out our answers to common questions below.
New Mexico state law requires all drivers to maintain at least 25/50/10 coverage. That means you’ll need a minimum of $25,000 of bodily injury liability per person, $50,000 of the same coverage per accident, and an additional $10,000 in property damage coverage.
While these limits comply with state law, it’s worth increasing your limits if you can afford to. Many insurance experts recommend liability limits of at least 100/300/100.
On average, drivers in New Mexico pay $131 per month for full-coverage car insurance and $62 per month for liability-only coverage.
The General offers the cheapest car insurance in New Mexico, with an average liability rate of $56 per month.
Yes. Drivers are only required to purchase liability insurance with minimum coverage limits, but they may buy other optional coverages as well. New Mexico law requires car insurance companies to offer the following optional coverages: uninsured/underinsured motorist coverage, medical payments coverage, and collision and comprehensive coverage.
One of the best ways to lower your car insurance premium in New Mexico is to shop around regularly and compare quotes. You may qualify for discounts by doing things like being a homeowner, bundling policies, and maintaining good credit. You can also lower your premium by raising your deductibles or reducing your coverage if you have an older car.
Insurify data scientists analyzed more than 190 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 500+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.
Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).
Liability-only premium averages correspond to policies with the following coverage limits:
Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.
)
)
)
)
)
)
)
)
)
)
)
)
)
)
Co-authored the book “Future Millionaires’ Guidebook”
13 years writing personal finance content
A former chief copy editor at Bankrate and past managing editor at Macmillan, Kim specializes in writing easy-to-understand, actionable personal finance content.
Featured in
A former chief copy editor at Bankrate and past managing editor at Macmillan, Kim specializes in writing easy-to-understand, actionable personal finance content.
Sara Getman is an Associate Editor at Insurify and has been with the company since 2022. Prior to joining Insurify, Sara completed her undergraduate degree in English Literature at Simmons University in Boston. At Simmons, she was the Editor-in-Chief for Sidelines Magazine (a literary and art publication), and wrote creative non-fiction.
Outside of work, Sara is an avid reader, and loves yoga and knitting.
Licensed property and casualty insurance agent
10+ years editing experience
NPN: 20461358
John is Insurify’s Chief Copy Editor, helping ensure the accuracy and readability of Insurify’s content. He’s a licensed agent specializing in home and car insurance topics.
Featured in
