State Farm, GEICO, and USAA are among the best car insurance companies in New Mexico, thanks in part to their affordable premiums and customer satisfaction ratings.
Más de 5 años de experiencia en redacción financiera
Certificado de planificación financiera por la Universidad de Boston
Erin es escritora y periodista especializada en finanzas personales. Sus artículos exploran inversiones, tarjetas de crédito, hipotecas, seguros y mucho más.
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 rock climbing, yoga, and crocheting.
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Shopping for car insurance can be difficult due to the variety of options and the different coverage needs and priorities of each driver. Insurify analyzed 50 car insurance companies to identify the best car insurance in New Mexico based on key factors like price, discounts, and availability.
Here’s what you need to know about getting the best car insurance in New Mexico.
Best car insurance companies in New Mexico
Before settling on an insurer, it’s a good idea to compare multiple companies to see which company best fits your needs. Below are the five best car insurance companies in New Mexico. While they won’t be the right fit for every driver, they can serve as a great starting point on your insurance search.
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.
$32/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.
$61/mo
4.2
Best choiceBased on 9,550 verified guest reviews and ratings
How drivers feel about State Farm
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.
AI-generated from the text of verified reviews collected by Insurify
Best For
Customer service
Competitive rates
Discounts for safe drivers
How drivers feel about State Farm
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.
AI-generated from the text of verified reviews collected by Insurify
Best For
Customer service
Competitive rates
Discounts for safe drivers
Reviews (5,258)
Cheryl
February 19, 2025
Verified Review
Average
Way too expensive.
Lisa
February 18, 2025
Verified Review
My premium increased by $20 monthly without any explanation. I have been a customer for more than 20 years and still have difficulty getting my questions answered.
My premium increased by $20 monthly without any explanation. I have been a customer for more than 20 years and still have difficulty getting my questions answered.
Mikla
February 18, 2025
Verified Review
Mikla & Sam's Quote
I really liked them. The customer service was great, and the price started off well, but it has now increased exponentially.
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
848
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.78
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++
Why we picked this company
State Farm is the largest auto insurance company in the U.S., and it has plenty of benefits that make it among the best choices for most drivers. State Farm has some of the lowest rates in New Mexico, including for high-risk drivers, drivers of all ages, and drivers wanting liability only or full coverage.
It also consistently ranks highly in customer satisfaction in J.D. Power’s annual studies. If you prefer to work with an agent, State Farm is a great choice. It has a large network of local agents, including many across New Mexico.
Pros
Low rates for New Mexico drivers
Above-average J.D. Power customer satisfaction score in the Southwest
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.
9.0 /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.
$39/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.
$75/mo
4.0
Best choiceBased on 10,691 verified guest reviews and ratings
How drivers feel about GEICO
Customers appreciate the reliability and customer service but find the rates to be high and increase frequently, even without claims or accidents. The app has improved, but some find the claims process lacking.
AI-generated from the text of verified reviews collected by Insurify
Best For
Teen drivers
Cheap rates
Accident forgiveness
How drivers feel about GEICO
Customers appreciate the reliability and customer service but find the rates to be high and increase frequently, even without claims or accidents. The app has improved, but some find the claims process lacking.
AI-generated from the text of verified reviews collected by Insurify
Best For
Teen drivers
Cheap rates
Accident forgiveness
Reviews (5,882)
Mitchell
February 19, 2025
Verified Review
Geico Review
I have been with Geico for many years and am disappointed with their prices.
Godfrey
February 19, 2025
Verified Review
Very Expensive
Very expensive.
Brandon
February 18, 2025
Verified Review
Poor Theft Coverage
What's the point of having theft coverage if you still have to pay for all the damages caused and any towing fees or impound charges?
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
827
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.74
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++
Why we picked this company
GEICO is a great option for drivers who want the best lineup of discounts to choose from. You can save up to 25% based on your vehicle equipment, driving history and habits, driver education, driver affiliations, and various policy options. And that’s on top of the fact that GEICO already has some of the lowest rates for most New Mexico drivers.
GEICO also has an impressive accident forgiveness add-on. Most drivers can purchase accident forgiveness to add to their policy, but drivers who have been accident-free for five years will get it for free.
Pros
Many available discounts
Accident forgiveness available after five years
Low rates for New Mexico drivers
Cons
Gap insurance not available
Below-average J.D. Power customer satisfaction score in the Southwest
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.
9.4 /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.
$38/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.
$73/mo
4.9
Best choiceBased on 1,692 verified guest reviews and ratings
How drivers feel about USAA
Customers appreciate the insurer’s reliable customer service and claim handling but express concerns about high rates and frequent price increases. Some also find the insurer’s security protocols and communication methods frustrating.
AI-generated from the text of verified reviews collected by Insurify
Best For
Members of the military community
Outstanding customer service
Competitive rates
How drivers feel about USAA
Customers appreciate the insurer’s reliable customer service and claim handling but express concerns about high rates and frequent price increases. Some also find the insurer’s security protocols and communication methods frustrating.
AI-generated from the text of verified reviews collected by Insurify
Best For
Members of the military community
Outstanding customer service
Competitive rates
Reviews (972)
Charles
February 19, 2025
Verified Review
Best Insurance Company: USAA
Wonderful.
Wendy
February 18, 2025
Verified Review
Expensive
I love the fact that they cater to the military, but they are expensive.
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
856
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
1.35
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++
Why we picked this company
USAA offers a wide variety of financial services to military families, from insurance to banking and more. As a company for military families, it has some perks catered to those customers, including a discount for garaging your car on a military installation. USAA has excellent customer satisfaction rankings from J.D. Power and consistently low rates for New Mexico drivers.
USAA also offers several ways to save on your premiums using its telematics programs. For example, safe drivers can get up to 30% off their premiums through the USAA SafePilot program, while low-mileage drivers can join the usage-based program to pay only for the miles they actually drive.
Pros
Multiple savings programs
Above-average J.D. Power customer satisfaction score in the Southwest
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.
8.7 /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.
$76/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.
$146/mo
4.4
Best choiceBased on 811 verified guest reviews and ratings
How drivers feel about Nationwide
Drivers appreciate the helpful and knowledgeable customer service but dislike the frequent and significant rate increases. Some also found the claims process to be slow and frustrating.
AI-generated from the text of verified reviews collected by Insurify
Best For
Usage-based savings
Accident forgiveness
Recreational vehicle coverage
How drivers feel about Nationwide
Drivers appreciate the helpful and knowledgeable customer service but dislike the frequent and significant rate increases. Some also found the claims process to be slow and frustrating.
AI-generated from the text of verified reviews collected by Insurify
Best For
Usage-based savings
Accident forgiveness
Recreational vehicle coverage
Reviews (457)
James
February 17, 2025
Verified Review
Considering Changing Companies
I like Nationwide, but the auto premiums are too high for me to afford. We have four cars and our home insured with Nationwide, and the cost continues to increase. Other than that, I would highly recommend Nationwide to a friend.
Keith
February 16, 2025
Verified Review
Not Happy with Nationwide Prices!
It's a good company with good coverage, but the prices are incredibly high. I have no claims, a perfect record, and I'm 58 years old. There are no excuses for such high premiums.
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
NR
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.64
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A+
Why we picked this company
If you want car insurance savings tailored to you, Nationwide may be the right option. Its SmartRide program allows you to save up to 40% for your safe driving habits. You’ll get 15% off just for signing up. And its SmartMiles program is a pay-per-mile policy ideal for low-mileage drivers.
Nationwide has other perks that can help you save, including accident forgiveness. Plus, the company has a large network of local independent agents, meaning you can get personalized service combined with the perks of a large company.
Pros
Multiple savings programs
Accident forgiveness available
Large network of local independent agents
Cons
Below-average J.D. Power customer satisfaction score in the Southwest
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.
8.3 /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.
$75/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.
$144/mo
4.0
Best choiceBased on 1,928 verified guest reviews and ratings
How drivers feel about Farmers
Customers appreciate the helpful agents and good initial quotes but dislike the consistent rate increases and lack of senior discounts. Some also reported issues with claim handling and communication.
AI-generated from the text of verified reviews collected by Insurify
Best For
Bundling discounts
Minimum coverage
Safe drivers
How drivers feel about Farmers
Customers appreciate the helpful agents and good initial quotes but dislike the consistent rate increases and lack of senior discounts. Some also reported issues with claim handling and communication.
AI-generated from the text of verified reviews collected by Insurify
Best For
Bundling discounts
Minimum coverage
Safe drivers
Reviews (1,039)
James
February 19, 2025
Verified Review
Everything is Good
Their rates are great.
Deanna
February 17, 2025
Verified Review
Average
I just compared rates and found some that are one-fifth of what I'm currently paying.
Juan
February 10, 2025
Verified Review
Very Good Insurance
I found that their representatives are very knowledgeable and friendly.
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
819
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
1.13
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A
Why we picked this company
Farmers offers the best combination of coverage options and discounts. It has more specialty coverages than nearly any company, including original equipment manufacturer parts, rideshare coverage, new car replacement, gap insurance, and more.
It also has an impressive lineup of discounts, including quite a few tailored to young drivers. Farmers also offers accident forgiveness, which can forgive one at-fault accident every three years.
Pros
Best variety of available coverages
Many available discounts
Accident forgiveness available
Cons
Above-average rates for some drivers
Below-average J.D. Power customer satisfaction score in the Southwest
Discounts not available in all U.S. states
Our editorial team analyzed regional and national auto insurance companies that sell policies in New Mexico to assess which offer the best rates, coverage options, customer service, and savings to drivers. We prioritized competitive rates, 24/7 customer service, low-mileage discounts or programs, safe driving discounts, homeownership discounts or bundling options, and specialty or supplemental coverages.
How to get the best car insurance in New Mexico
If you’re in the market for car insurance, you have ways to get the best coverage and discounts. Here are five tips to help you choose the best car insurance for your needs.[1]
Choose the right coverage
It’s helpful to understand your coverage needs before you shop for a policy. This helps you narrow down your options and get an idea of how much you’ll pay.
Every company offers the state-minimum insurance, and most offer other optional coverages, including comprehensive and collision coverage, uninsured motorist coverage, and medical payments. The difference comes in the additional coverage options, which could include things like gap insurance, new car replacement, and rideshare coverage.
When considering your options, it’s also helpful to determine how much of each coverage you want. The lower your coverage limits, the lower your premiums. But you’ll want to make sure you have plenty of coverage in case of an accident.
Read customer and third-party reviews
Before choosing a company, read reviews and ratings from its customers as well as third-party organizations. You can read customer reviews on Trustpilot and the Better Business Bureau.
You can learn what third parties think about each company on sites like J.D. Power, AM Best, the National Association of Insurance Commissioners, and more. These sites provide rankings and ratings for customer satisfaction, financial strength, and customer complaints.
Consider discounts and savings opportunities
Nearly every car insurance company offers discounts that can help lower your premiums. The number and variety of available discounts can differ significantly from company to company. It’s worth exploring what discounts each company offers.
In addition to discounts, see what other savings opportunities exist. For example, some companies offer telematics programs to help you save based on your safe driving habits or low mileage.
Decide what type of service you want
When choosing a car insurance company, consider whether you prefer the benefits of a small local company or a large national company. With a smaller local or regional company, you’ll likely get more personalized service and the attention of an agent, but you may also pay more and have fewer discounts and conveniences.
On the other hand, working with a large national insurer means you’ll have access to more user-friendly websites and mobile apps, lower rates, and more discounts. But you’ll get less personalized service and may not have an agent to help you.
Shop around for coverage
You can typically find the best rates by shopping around for coverage and getting quotes from multiple companies to compare. Shopping with multiple companies can help you ensure you’re getting the best rate for your situation.
You can shop around for insurance by visiting each company’s website and getting an insurance quote. An alternative is to use an insurance-comparison site that allows you to complete one form and see rates from several companies at once.
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4.8/5
Average cost of car insurance in New Mexico
Car insurance in New Mexico costs an average of $69 per month for liability-only coverage and $162 per month for full coverage. Even though rates in New Mexico have risen in recent years, they still remain lower than the national average.
The state has seen an increase in car thefts, which has contributed to the rising premiums.[2] But you still have plenty of ways to save on your premiums, and many insurers offer rates well below the national average.
Best car insurance in New Mexico FAQs
Before shopping for car insurance in New Mexico, be sure to read the answers to these frequently asked questions about shopping for a policy.
How much is car insurance in New Mexico?
Car insurance in New Mexico costs $116 per month, on average. A full-coverage policy costs $162 per month, and a liability-only policy costs $69 per month.
What are the best car insurance companies in New Mexico?
Some of the best insurance companies in New Mexico include State Farm, GEICO, USAA, Nationwide, and Farmers. But the best insurance company for you depends on your personal characteristics, driving history, coverage needs, and other factors.
What is the required auto insurance coverage amount in New Mexico?
New Mexico requires drivers to have at least $25,000 per person and $50,000 per accident of bodily injury liability coverage and at least $10,000 of property damage liability insurance. If you don’t carry the minimum coverage, you may not be able to register your vehicle with the New Mexico Motor Vehicle Division, or you may have your registration suspended.[3]
Erin Gobler is a personal finance writer and journalist based in Madison, Wisconsin. With more than five years of experience, Erin has covered topics such as investing, credit cards, mortgages, insurance, and more. Her work has been featured in major publications like Business Insider, Fox Business, and Time. Erin received her bachelor’s degree from the University of Wisconsin-Oshkosh in 2013, studying journalism and political science. She also received a certificate of financial planning from Boston University in 2022.
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 rock climbing, yoga, and crocheting.
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