Best Car Insurance in New Mexico (2025)
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.
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Written byErin Gobler
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Over 5 years of experience in financial writing
Certified in financial planning by Boston University
Erin is a writer and journalist specializing in personal finance. With more than five years of experience, Erin has covered topics such as credit cards, mortgages, insurance, and more.
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Edited bySara Getman
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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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Reviewed byMark Friedlander
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Corporate communications director for Insurance Information Institute
20+ years in insurance and communications
As Director, Corporate Communications for Triple-I, Mark serves as the non-profit’s national spokesperson, sharing information and education on a wide array of insurance issues.
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Table of contents
Table of contents
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.
State Farm: Best overall
| User Reviews | 4.1 |
|---|---|
| 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. | $102/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. | $135/mo |
4.1
Best choiceBased on 12,122 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 (6,362)
Denise
Verified Review
Looking for Better Pricing
Reviewed in Georgia on October 2025
Too high priced but good service.
Richard
Verified Review
Excellent
Reviewed in Illinois on October 2025
Your coverage is costly.
Janice
Verified Review
Fifty Years as a Happy State Farm Customer
Reviewed in Michigan on October 2025
I have been a State Farm customer for more than fifty years. I do feel your prices are just a little more than they should be for someone who has been with you for the number of years that I have, but I have never had a problem and will continue to keep State Farm for my insurance needs.
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
646NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.84A.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 region
Large statewide network of local, exclusive agents
Cons
Payoff Protector (gap) coverage only available to customers who initiate an auto loan through State Farm Bank
Fewer discounts than some competitors
Policies must be purchased through a State Farm agent
GEICO: Best for discounts
| 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. | 9.2 /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. | $127/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. | $167/mo |
4.0
Best choiceBased on 12,789 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 (6,716)
Jennifer
Verified Purchase
Geico and Insurfy Review
Reviewed in on October 2025
The best insurance company so far.
Vincent
Verified Review
Rate Review
Reviewed in Massachusetts on October 2025
Very competitive.
Karen
Verified Review
Good
Reviewed in Florida on October 2025
We've never had a problem. Shopping for lower rates.
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
618NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.59A.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, free for some customers after five years
Average rates lower than many competitors
Cons
Gap insurance not available
Below-average J.D. Power customer satisfaction score in the Southwest region
Few local insurance agents in New Mexico
USAA: Best for military families
| User Reviews | 4.9 |
|---|---|
| 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. | 9.1 /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. | $123/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. | $162/mo |
4.9
Best choiceBased on 2,292 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 (1,270)
Edward
Verified Review
USAA
Reviewed in South Carolina on October 2025
It's too high.
Remmington
Verified Review
Sometimes No Discounts - After 34 Years with Them
Reviewed in Arizona on October 2025
Better than most, but charges too much sometimes.
Jared
Verified Review
USAA doesn't give discounts
Reviewed in Florida on October 2025
They offer big discounts but then raise your rate by the amount of the discount, so they don't really give a discount.
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
733NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
1.31A.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 carrier exclusively serving the military community, 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 its Pay As You Drive 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 region
Low rates for New Mexico drivers
Cons
Coverage restricted to active-duty military, veterans and their eligible family members
Fewer discounts than some competitors
No local offices in New Mexico
Nationwide: Best for safe and low-mileage drivers
| User Reviews | 4.3 |
|---|---|
| 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 /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. | $245/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. | $324/mo |
4.3
Best choiceBased on 885 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 (496)
Angela
Verified Review
Customer Service
Reviewed in Ohio on October 2025
They always answer the phone, and communication is why I stay.
Edward
Verified Review
Price
Reviewed in Kansas on October 2025
Need lower price.
John
Verified Review
Average
Reviewed in Pennsylvania on October 2025
Been great for a lot of years, but now prices continue to increase.
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
618NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.7A.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 statewide network of local independent agents
Cons
Below-average J.D. Power customer satisfaction score in the Southwest region
Above-average rates for state minimum liability-only coverage
Fewer discounts than some competitors
Farmers: Best for coverage options
| User Reviews | 3.8 |
|---|---|
| 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. | 8.5 /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. | $241/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. | $319/mo |
3.8
A solid optionBased on 2,341 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 (1,221)
Everett
Verified Review
Good
Reviewed in Minnesota on October 2025
Good coverage. They handle claims as soon as possible, but the prices are high.
Gregory
Verified Review
Shop and Save on Car and Home Insurance
Reviewed in California on October 2025
From my experience with Farmers for home and car insurance—run away. It's been way too expensive in the last couple of years. I found other reputable insurance companies offering the same coverage for 30-70% less. I love my agent, but saving money is more important when comparing apples to apples.
Leslie
Verified Review
Farmers: Great Rates and Customer Service
Reviewed in California on October 2025
Great rates and customer service.
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
599NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
3.28A.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).
AWhy we picked this company
Farmers offers the best combination of coverage options and discounts. It has more specialty coverages than nearly any insurer in New Mexico, including original equipment manufacturer replacement 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 coverage options and numerous discounts
Broad distribution network of exclusive and independent agents
Accident forgiveness available
Cons
Above-average rates for some drivers
Below-average J.D. Power customer satisfaction score in the Southwest region
Discounts vary by state
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 liability 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, like Trustpilot.
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.
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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Average cost of car insurance in New Mexico
Car insurance in New Mexico costs an average of $68 per month for liability-only coverage and $137 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 $103 per month, on average. A full-coverage policy costs $137 per month, and a liability-only policy costs $68 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]
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Sources
- III. "How to save money on car insurance."
- Insurance Services of New Mexico. "Unpacking the High Cost of New Mexico Car Insurance."
- Motor Vehicle Division NM. "Insurance."
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Erin Gobler
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.
Corporate communications director for Insurance Information Institute
20+ years in insurance and communications
As Director, Corporate Communications for Triple-I, Mark serves as the non-profit’s national spokesperson, sharing information and education on a wide array of insurance issues.