Cheap Car Insurance for High-Risk Drivers in New Mexico:
Costs and Quotes (2021)

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Cheapest Insurance Companies for High Risk Drivers in New Mexico (2021)

For drivers that are high-risk in New Mexico, it's important that you evaluate all of your potential insurance options to ensure you are finding the best rate. Comparing the right insurance companies after this incident will allow you to get the best possible insurance rate for drivers that are high-risk.

To simplify comparing companies, Insurify has analyzed rates from top insurance providers in New Mexico. The following are the best insurance rates from carriers that offer car insurance for high-risk drivers in New Mexico.

What Makes a Driver High-Risk in New Mexico?

Safe driving should be at the top of everyone's priority list in New Mexico, but sadly, that's not always the case. Motorists who engage in frequent lane changes, drive well over the speed limit, or fail to stop at a red light are putting their lives and everyone else's in danger. And their car insurance company will most certainly make them pay for it.

Drivers who have a number of violations on their record may still have options for their car insurance but should expect to pay higher rates. It's best to price shop before enrolling in a policy to make sure you find the best balance between coverage options and affordability.

New Mexico Car Insurance Rates for High-Risk Drivers
Average Monthly Cost
$172
$209
$210
$212
$209
No ViolationSpeeding TicketAt-Fault AccidentReckless DrivingFailure to Stop
Driving History

Insurify's comparison tool will help you make sure you're getting the best possible quote even after high risk driving violation. You can have peace of mind you're not paying any more than need to, and customers save $48 per month on average.

How Much Does High-Risk Driving Affect Car Insurance Rates in New Mexico?

High-risk driving is certainly dangerous, and while your rates will go up in New Mexico, they won't be unaffordable. Depending on the circumstances of your infraction, you could find that speeding, reckless driving, or causing an accident will only add $30 or so to your monthly premium.

At first, that might not sound like much, but remember that car insurance is a bill you have for years and years. These increased monthly costs add up very quickly over time, and if you receive multiple violations, your rates could be exceptionally high. Average monthly costs after engaging in high-risk driving behavior often look like these:

Driving History
No Violation$172
Speeding Ticket$209
At-Fault Accident$210
Reckless Driving$212
Failure to Stop$209

How Much Does a Speeding Ticket Impact Car Insurance Rates in New Mexico?

No matter how late you are for an appointment, it's never a good idea to speed. The reality is that you don't really save that much time getting to your destination and you're putting people's lives at risk. Car insurance companies in New Mexico are quick to raise rates by about $37 per month for those with speeding tickets:

$172
$209
No Violation - Avg. Monthly RateSpeeding ticket - Avg. Monthly Rate
$37 ▴Avg. Monthly Rate Increase

How Does an at-Fault Accident Impact Insurance Rates in New Mexico?

Getting into an auto collision isn't on anyone's to-do list, but even careful drivers can sometimes cause an accident. If this occurs, you can expect your car insurance to raise your rates to around $210 in most cases. Average prices in New Mexico typically look like this:

$172
$210
No Violation - Avg. Monthly RateSpeeding ticket - Avg. Monthly Rate
$38 ▴Avg. Monthly Rate Increase

How Much Does Failure to Stop for a Red Light or Stop Sign Impact Car Insurance Rates in New Mexico?

Driving through a stop sign or red light could happen because you're in a rush or you didn't notice you had to stop until it was too late, but New Mexico drivers won't find much forgiveness from their auto insurance carrier. It's likely that your rates will go up an additional $400 annually, with average prices shown below:

$172
$209
No Violation - Avg. Monthly RateSpeeding ticket - Avg. Monthly Rate
$37 ▴Avg. Monthly Rate Increase

Does Driving With a Suspended License Impact Car Insurance Rates in New Mexico?

Safe driving should be at the top of everyone's priority list in New Mexico, but sadly, that's not always the case. Motorists who engage in frequent lane changes, drive well over the speed limit, or fail to stop at a red light are putting their lives and everyone else's in danger. And their car insurance company will most certainly make them pay for it.

Drivers who have a number of violations on their record may still have options for their car insurance but should expect to pay higher rates. It's best to price shop before enrolling in a policy to make sure you find the best balance between coverage options and affordability.

Tips for Researching High-Risk New Mexico Car Insurance Rates

Insurance prices and policies can vary significantly between companies, and a large and growing state like New Mexico draws a wide variety of choices when factoring high-risk driving insurance rates.

Insurify''s rate comparison tool will help you make sure you''re getting the best possible quote based on your needs and location. You can have peace of mind you''re not paying any more than you need to, and customers save $585 per year on average.

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Insurify Rate Comparison Methodology

The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced.