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6+ years writing about insurance, travel, and personal finances
Contributor to brands like Credible
In addition to insurance, Nick specializes in writing about business, entrepreneurship, personal finance, and travel. He’s been featured in myriad web publications, including Fox Business.
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Licensed auto and home insurance agent
3+ years experience in insurance and personal finance editing
NPN: 20564519
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
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New Mexico drivers pay a monthly average of $69 for minimum coverage and $158 for full coverage. This is lower than the national average of $105 for minimum coverage and $197 for full coverage.
The average cost of full coverage in New Mexico increased by 13% between 2023 and 2024, potentially due to a surge in the state’s accident frequency and severity and the escalating costs of vehicle repairs.
Here’s what you should know about finding cheap car insurance in New Mexico.
New Mexico drivers pay an average of $1,891 per year for full-coverage insurance.
DWI convictions in New Mexico stay on your record for 55 years.[1]
New Mexico has the fourth-highest percentage of uninsured drivers, at 21.8%, according to the Insurance Research Council.
3 of the cheapest car insurance companies in New Mexico
The best car insurance company for you will depend on your specific needs as a driver, your driving record, and more. Progressive, Allstate, and Midvale Home & Auto are three of the cheapest car insurance companies in New Mexico. Learn more about their coverage offerings below.
Progressive
JD Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale. | 800 |
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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. | 8.4 |