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New Mexico Car Insurance for High Risk Drivers (With Quotes)

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Courtney Levin

By: Courtney Levin

Edited by John Leach | Reviewed by licensed insurance agent, Amber Benka

Last Updated March 9, 2022

Why you can trust Insurify

Insurify partners with top insurance companies and is a licensed agent in all 50 states. However, the insurance experts writing our content operate independently of our partners. Check out reviews from over 3,000 satisfied customers, how we make money, our data methodology, and our editorial standards.

Cheapest Insurance Companies for High Risk Drivers in New Mexico (2022)

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.

CarrierAvg. Monthly Cost
Travelers$141
GAINSCO$156
Dairyland Insurance$187
American Family Insurance$191
Kemper$196
Nationwide$198
Bristol West$202
Safeco Insurance$203
Hallmark Insurance Company$209
Midvale Home & Auto$221

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

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

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 HistoryAvg. Monthly Cost
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:

No Violation - Avg. Monthly Rate
$172
Speeding ticket - Avg. Monthly Rate
$209
$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:

No Violation - Avg. Monthly Rate
$172
Speeding ticket - Avg. Monthly Rate
$210
$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:

No Violation - Avg. Monthly Rate
$172
Speeding ticket - Avg. Monthly Rate
$209
$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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Use Insurify for all of your car insurance comparison needs! Compare and connect directly with the top insurance companies to find the best rates as well as the most personalized discounts and coverage options. Insurify’s network includes over 200 insurance companies throughout the U.S. who can work with you to get you the right auto insurance policy at the cheapest price. See All Auto Insurance Companies

FAQs - New Mexico Car Insurance

  • There are many different factors that go into the how expensive your car insurance is. That said, some of the reasons why you could be paying so much for your insurance include: living in a state with high minimum insurance requirements, being a young or new driver, committing past traffic offenses like at-fault accidents or DUIs, and having a low credit score.

  • Auto insurance costs will vary between locations and insurance carriers, depending on the county New Mexico. Insurify analyzed the latest data for the five most populous cities in New Mexico to find you the cheapest quotes in each of these metropolitan areas.

  • The way to find the carrier with the best auto insurance ratings in New Mexico and save on your insurance premiums is to compare quotes from all companies in your area. Use a car insurance quotes comparison site like Insurify to compare up to 10+ real quotes for your specific driver profile and unlock savings and discounts. Rates can fluctuate greatly based on whether you're a safe driver or a high risk one, but you should never overpay. Insurify provides the cheapest car insurance quotes and companies in your area in just a few seconds.

  • During the past three years in the United States, national premium costs have risen an average of 4.5 percent annually. In states where quotes have risen, this figure has been 7.8 percent; and in those where rates have fallen, prices have decreased by approximately 6.0 percent. Individual rates by state will of course vary depending on the driver’s history and a multitude of factors.

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Methodology

The car insurance quotes displayed are based on an analysis of Insurify’s database of over 40 million quotes from 500 ZIP codes nationwide. To obtain representative rates, Insurify’s data science team performs frequent comprehensive analyses of the factors car insurance providers weigh to calculate rates including driver demographics, driving record, credit score, desired coverage level, and more.

Insurify’s analysis also incorporates the Insurify Composite Score (ICS) assigned to each insurance provider. The ICS is a proprietary rating that weighs multiple factors reflecting the quality, reliability, and health of an insurance company. Ratings used to calculate the ICS include Financial Strength Ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings; Consumer Reports customer satisfaction surveys and customer complaints; mobile app reviews; and user-generated company reviews. 

With the above insights and ranking methods, Insurify is able to offer car insurance shoppers insight into how various insurance providers compare to one another in terms of both cost and quality. Note, actual quotes will vary based on unique attributes including the policyholder’s driver history and their garaging address.

Courtney Levin
Courtney Levin

Content Writer at Insurify

A licensed insurance professional, Courtney Levin has been a personal finance writer since 2016. She graduated from Sonoma State University with a degree in communications and has been creating content for Insurify for more than two years. She specializes in auto insurance and personal finance and strives to help customers understand the ins and outs of their insurance policies.

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