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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent respective years as a Farmers Insurance CSR, gaining a solid sympathize of policy products including home, life, car, and commercial and working directly with indemnity customers to understand their needs. She has since used that cognition in her more than ten years as a writer, largely in the insuranc … Full Bio → |
Written by
Leslie Kasperowicz Farmers CSR for 4 Years 
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Joel Ohman is the CEO of a private equity-backed digital media company. He is a certifiable FINANCIAL PLANNER™, writer, saint investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has besides previously served as the founder and resident CFP® of a national indemnity agency, actual Time Health Quotes. He besides has an MBA from the University of South Florid … |
Reviewed by
Joel Ohman Founder, CFP® 
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| Advertiser Disclosure: Some of the offers within the content are from companies where AutoInsureSavings.org may receive compensation. This does not influence our analysis of services or products. Our opinions are our own in good faith. |
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Compare RatesStart Now → AutoInsureSavings.org licensed agents did a comparison study of the cheapest car policy companies in New Mexico and found Safeco Insurance provides the cheapest country minimum rate at $387 annually or 35 % less expensive than New Mexico ’ mho average of $ 592 per year .
State Farm ( $1,030 per year ) provides the least expensive full coverage car policy options for New Mexico drivers or 34 % cheaper than the statewide average of $ 1,565 per year .
Affordable New Mexico Car Insurance Rates
New Mexico indemnity shoppers should compare quotes with the same coverage levels with at least three car indemnity companies to find the best rate and save more on their premiums .
| Cheapest Car Insurance in New Mexico – Quick Hits |
|---|
 The cheapest New Mexico car insurance options are:
Cheapest for minimum coverage: Safeco Insurance |
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Compare RatesStart Now → enter your Zip Code or use this practical New Mexico cheapest car indemnity guide which is the best way to find circus tent car insurance providers in your sphere careless of your driving character .
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Cheapest Car Insurance in New Mexico for Minimum Coverage
Safeco Insurance offers the lowest minimum coverage rates for New Mexico drivers with a scavenge drive criminal record, which provided us a $387 annual rate or $ 205 cheaper than the $ 592 modal quotation for our 30-year-old driver .
| Advertiser Disclosure: Some of the offers within the content are from companies where AutoInsureSavings.org may receive compensation. This does not influence our analysis of services or products. Our opinions are our own in good faith. |
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Compare RatesStart Now → Suppose you are a military member or a family member of a avail member. In that case, your best rates are with USAA, which offered our agents a $ 398 annual quotation or $ 33 per month for minimal indebtedness coverage .
| Insurer | Average annual rate | |
|---|---|---|
| Safeco | $387 | |
| USAA | $398 | |
| State Farm | $424 | |
| Progressive | $547 | |
| GEICO | $611 | |
| Allstate | $620 | |
| Farmers | $644 | |
| Allied | $702 | |
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Compare RatesStart Now → *USAA is for qualify military members, their spouses, and calculate syndicate members. Your policy rates may vary based on the driver ’ south profile .
Uninsured drivers frequently need to find the lowest rates available. Buying a minimum coverage policy is the cheapest way to meet New Mexico ’ randomness car insurance requirements to ensure you stay legal .
State minimums may not have sufficient coverage with the total of bodily injury and property damage liability you need if you are involved in an car accident .
A New Mexico state minimum car policy entirely covers up to $ 50,000 per accident in bodily wound liability and $ 10,000 per accident in property price liability .
Cheapest Full Coverage Car Insurance in New Mexico
State Farm offers the cheap car policy rates for full coverage in New Mexico. State Farm ’ randomness $1,030 rate is 34 % less expensive than the statewide average of $ 1,565 per year .
| Insurer | Annual cost | Monthly cost | ||
|---|---|---|---|---|
| State Farm | $1,030 | $85 | ||
| Safeco | $1,081 | $90 | ||
| GEICO | $1,255 | $104 | ||
| New Mexico average | $1,565 | $130 | ||
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Compare RatesStart Now → *USAA is for certified military members, their spouses, and steer family members. Your average rates may vary based on the driver ’ s profile .
Full coverage car policy policies cost more than liability-only policies but offer more asset security with comprehensive and collision indemnity included. Your motor fomite is protected no matter who or any inclement weather caused the property damage .
Cheapest Car Insurance With One Speeding Ticket in New Mexico
Progressive offers the cheapest car policy rates for New Mexico drivers with one speeding ticket on their drive record. progressive ’ second $1,417 rate is 22 % or $ 492 less expensive than the statewide average .
| Insurer | Annual cost | Monthly cost | ||
|---|---|---|---|---|
| Progressive | $1,417 | $118 | ||
| State Farm | $1,537 | $128 | ||
| GEICO | $1,621 | $135 | ||
| New Mexico average | $1,909 | $159 | ||
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Compare RatesStart Now → According to the Insurance Research Council, your car indemnity rates can increase by $ 344 per year or 22 % with one traffic trespass for speeding in New Mexico .
Most car insurers will increase car policy rates after traffic tickets, so you want to make sure to comparison denounce for cheaper policy coverage after any traffic misdemeanor on force records .
| Advertiser Disclosure: Some of the offers within the content are from companies where AutoInsureSavings.org may receive compensation. This does not influence our analysis of services or products. Our opinions are our own in good faith. |
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Cheapest Car Insurance in New Mexico With a Car Accident
According to our analysis, State Farm offers the bum insurance rates for drivers with one at-fault accident with a $1,859 annual insurance premium for our sample distribution driver .
state Farm ’ randomness pace is 25 % less expensive than New Mexico ’ s average ( $ 2,478 ) policy premium for drivers with one accident in their drive history .
| Insurer | Annual cost | Monthly cost | ||
|---|---|---|---|---|
| State Farm | $1,859 | $154 | ||
| Progressive | $2,066 | $172 | ||
| Allstate | $2,370 | $197 | ||
| New Mexico average | $2,478 | $206 | ||
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Compare RatesStart Now → Getting into an at-fault accident may cause a rate hike of 37 % or $ 913 per year, showing the importance of shopping for cheaper car insurance if you have a change on your drive commemorate .
To make indisputable you get the best rates, be indisputable to compare quotes with at least three cable car policy companies after a car accident .
Cheapest Car Insurance With a DWI in New Mexico
New Mexico drivers with DWI offenses on their driving records can find the cheapest car policy with Progressive, which provided our policy agents a quotation at $ 2,247 per class or a $187 monthly rate for full moon coverage .
The average annual rate for drivers with DWI offenses is $ 2,955, making progressive ’ sulfur rate is 24 % cheaper than New Mexico ’ mho average DWI rate .
| Insurer | Annual cost | Monthly cost | ||
|---|---|---|---|---|
| Progressive | $2,247 | $187 | ||
| Dairyland | $2,368 | $197 | ||
| State Farm | $2,841 | $236 | ||
| New Mexico average | $2,955 | $246 | ||
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Compare RatesStart Now → According to the National Highway Traffic and Safety Administration ( NHTSA ), car indemnity premiums in the state increase by 48 % on average for drivers with driving while intoxicated violations ( DWI ’ south ) .
You will not need an SR-22, but a court may order an ignition mesh device ( BAIID ) installed in your motor vehicle for at least 90 days, depending on the asperity of the DWI offense .
Dairyland offers indemnity quotes 20 % cheaper at $ 2,398 per class, while State Farm ’ sulfur rate of $ 2,841 is 4 % less expensive than the DWI umbrage average or $ 2,955 .
Cheapest Car Insurance for Drivers With Poor Credit in New Mexico
GEICO provides the cheapest indemnity for drivers with poor credit rating in New Mexico with a $1,876 rate for full coverage or 20 % less expensive than the average bad citation rate of $ 2,318 per year .
| Insurer | Annual cost | Monthly cost | ||
|---|---|---|---|---|
| GEICO | $1,876 | $156 | ||
| State Farm | $2,038 | $169 | ||
| Farm Bureau Financial | $2,166 | $180 | ||
| New Mexico average | $2,318 | $193 | ||
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Compare RatesStart Now → AutoInsureSavings.org analysis shows drivers who have a poor credit score will pay 33 % more for car policy coverage. And drivers with hapless credit are more likely to file a claim or get involved in an at-fault accident. For that reason, their car indemnity costs are higher than average. Make surely to maintain good credit scores to ensure your cable car insurance rates won ’ metric ton increase at reclamation .
Cheapest Car Insurance for Young Drivers in New Mexico
We found young New Mexico drivers looking for the cheapest full moon coverage car insurance is with Farm Bureau Financial, which provided our agents a $3,712 annual quotation mark or 34% less expensive than our sample young driver ’ south average rates .
USAA is the best car insurance choice for younger drivers who qualify, which offered AutoInsureSavings ’ agents a $3,048 annual rate for full coverage insurance .
The cheapest for state minimum coverage is Farm Bureau, which offered us a quote at $1,631 per year or 17 % cheaper for young or adolescent drivers. The adjacent best option for younger drivers is Allstate Insurance, with a $1,670 annual rate for liability policy .
| Insurer | Full coverage | Minimum coverage | ||
|---|---|---|---|---|
| USAA | $3,048 | $1,582 | ||
| Farm Bureau Financial | $3,712 | $1,631 | ||
| GEICO | $3,895 | $2,047 | ||
| Safeco | $4,466 | $2,285 | ||
| State Farm | $4,850 | $1,842 | ||
| Allstate | $6,231 | $1,670 | ||
| Farmers | $6,532 | $2,628 | ||
| New Mexico average | $5,572 | $1,946 | ||
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Compare RatesStart Now → *USAA is for qualify military members, their spouses, and direct family members. Your insurance rates may vary based on the driver ’ mho profile .
Statistics show drivers under 25 are more prone to car accidents than older have drivers, making car indemnity costs higher. Our accredited agents recommend young or adolescent drivers to buy broad coverage policies, so their motor fomite is covered in an car accident .
| Advertiser Disclosure: Some of the offers within the content are from companies where AutoInsureSavings.org may receive compensation. This does not influence our analysis of services or products. Our opinions are our own in good faith. |
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Compare RatesStart Now → It is best to find a company that offers the bum car indemnity rates for young or adolescent drivers in the Land of Enchantment, such as Farm Bureau Financial or Allstate Insurance, to cut down on your insurance costs .
Cheapest car insurance for Young Drivers with a Speeding ticket
Young New Mexico drivers with one speeding trespass should look to Farm Bureau Financial for the cheapest insurance coverage. The average car policy cost from Farm Bureau is $4,012 annually or $ 1,980 less per class for car policy policies with collision and comprehensive examination coverage .
farm Bureau ’ s speeding slate rate is 33 % less expensive than the modal $ 498 monthly pace for younger drivers .
| Insurer | Annual cost | Monthly cost | ||
|---|---|---|---|---|
| Farm Bureau Financial | $4,012 | $334 | ||
| GEICO | $4,677 | $390 | ||
| Liberty Mutual | $5,739 | $478 | ||
| New Mexico average | $5,980 | $498 | ||
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Cheapest car insurance for Young Drivers with an At-Fault accident
Inexperienced drivers in New Mexico with one at-fault accident can find the best car indemnity with Liberty Mutual, which provided our agents a $5,739 annual rate ( $ 478 per calendar month ) for full coverage policy .
Liberty Mutual ’ s at-fault accident rate is 18 % cheaper than New Mexico ’ s adolescent driver accident rate of $ 6,994 per year .
| Insurer | Annual cost | Monthly cost | ||
|---|---|---|---|---|
| Liberty Mutual | $5,739 | $478 | ||
| State Farm | $5,861 | $488 | ||
| GEICO | $6,638 | $553 | ||
| Average in New Mexico | $6,994 | $582 | ||
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Best Auto Insurance Companies in New Mexico
AutoInsureSavings.org team of license indemnity agents rated the best car indemnity companies in New Mexico by customer service and surveys, J.D. Powers claims satisfaction score, A.M. Best, and the National Association of Insurance Commissioners ( NAIC ) complaint index .
We found that USAA, Allstate, Farmers Insurance are the best insurers based on excellent customer service, claims satisfaction, and NAIC ’ s complaint index .
ValuePenguin found like results from their recent New Mexico customer survey, except State Farm, which had high customer military service ratings, but lower ( 0.66 ) on NAIC ’ s complaint index behind Farm Bureau Financial and Farmers Insurance .
| Group | % respondents extremely satisfied with recent claim. | % respondents rated customer service as excellent. | ||
|---|---|---|---|---|
| USAA | 78% | 62% | ||
| State Farm | 73% | 46% | ||
| Allstate | 72% | 47% | ||
| Farmers | 71% | 38% | ||
| Progressive | 74% | 34% | ||
| Geico | 64% | 42% | ||
| Farm Bureau Financial | N/A | N/A | ||
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Compare RatesStart Now → Our accredited indemnity agents besides collected information on each car insurance caller in New Mexico from the NAIC, J.D. Power, and A.M. Best ’ s fiscal persuasiveness ratings .
The car indemnity party with the lowest NAIC ailment proportion ( 0.19 ) is Farmers Insurance. Farm Bureau ’ s ailment index is below the national average of 1.00 at 0.43 .
| Advertiser Disclosure: Some of the offers within the content are from companies where AutoInsureSavings.org may receive compensation. This does not influence our analysis of services or products. Our opinions are our own in good faith. |
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Compare RatesStart Now → The NAIC ’ s complaint ratio compares the total of complaints an car insurance company has based on its market share in New Mexico. Any car policy provider below 1.00 is better than the national average .
USAA has the highest J.D. Power claims gratification score of 890, and State Farm is moment with a claims gratification mark of 881 .
| Insurer | NAIC Complaint Index | J.D. Power claims satisfaction score | AM Best Financial Strength Rating | |||
|---|---|---|---|---|---|---|
| Farmers | 0.19 | 872 | A | |||
| Farm Bureau Financial | 0.43 | n/a | A | |||
| Allstate | 0.63 | 876 | A+ | |||
| State Farm | 0.66 | 881 | A++ | |||
| Progressive | 0.67 | 856 | A+ | |||
| USAA | 0.68 | 890 | A++ | |||
| Geico | 1.01 | 871 | A++ | |||
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Compare RatesStart Now → A.M. Best fiscal persuasiveness ratings are a grade describing an car insurance company ’ s fiscal health and their ability to pay out claims .
While comparison patronize for car policy companies in New Mexico, it is essential to remember that several risk factors contribute to your premium price. Your historic period, driving history, and even your credit military rank can influence your full monthly or annual cost .
It is always good for New Mexico drivers to compare car indemnity plans to find the best company that offers the lowest indemnity rate .
average car insurance Costs by City in New Mexico
We collected insurance quotes from New Mexico zip up codes from top policy companies and find modal rates can vary by $ 357. The lowest car policy is in Gallina ( $ 1,398 ), and the highest rate is in Albuquerque ( $ 1,755 ). typically, you will pay higher rates if you live in urban cities rather than the state of matter ’ s rural areas .
Your New Mexico pace is based not only on your zip up code but the type of vehicle, liability limits, marital condition, plus a variety show of other gamble factors .
Cheapest Car Insurance in Albuquerque, NM
In Albuquerque, drivers can find the cheapest policy quotes with Safeco Insurance, which provided AutoInsureSavings.org agents a pace of $ 1,162 per annum or $90 per month. Safeco ’ second quotation mark is 39 % less expensive than the average Albuquerque rate at $ 1,755 .
| Albuquerque Company | Average Premium | |
|---|---|---|
| Safeco | $1,076 | |
| State Farm | $1,151 | |
| USAA | $1,210 | |
| Albuquerque average | $1,755 | |
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Cheapest Car Insurance in Las Cruces, NM
Las Cruces drivers can look to State Farm for the cheapest coverage rates, with a quote at $1,156 per year with full coverage insurance. State Farm ’ second rate is 36 % cheaper than Las Cruces ’ $ 1,655 average rates for exchangeable driver profiles .
| Las Cruces Company | Average Premium | |
|---|---|---|
| State Farm | $1,146 | |
| GEICO | $1,382 | |
| Liberty Mutual | $1,525 | |
| Las Cruces average | $1,803 | |
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Cheapest Car Insurance in Rio Rancho, NM
Rio Rancho drivers can find the cheapest entire coverage policy policy with USAA, which offered us a $986 annual rate for our sample 30-year-old driver. USAA ’ second car policy rate is $ 625 less annually than Rio Rancho ’ south median of $ 1,611 per year .
| Rio Rancho Company | Average Premium | |
|---|---|---|
| USAA | $986 | |
| GEICO | $1,127 | |
| Allied | $1,384 | |
| Rio Rancho average | $1,611 | |
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Cheapest Car Insurance in Santa Fe, NM
The cheapest car indemnity rate our indemnity agents found in Santa Fe is Safeco, with a $1,048 per year rate for a fully coverage car policy. Safeco ’ randomness quotation mark is 40 % less expensive than Santa Fe ’ s median rate of $ 1,729 per year. Both State Farm and GEICO offer policy quotes in Santa Fe at least 10 % lower than the citywide average .
| Santa Fe Company | Average Premium | |
|---|---|---|
| Safeco | $1,048 | |
| State Farm | $1,260 | |
| GEICO | $1,564 | |
| Santa Fe average | $1,729 | |
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Cheapest Car Insurance in Roswell, NM
Drivers in Roswell can get brassy car indemnity with Allied Insurance, which provided our license agents a $1,126 annual rate for a full coverage policy with $ 100,000 in liability insurance. Allied ’ south quote is 32 % less expensive than the average $ 1,637 annual rate in Roswell .
| Roswell Company | Average Premium | |
|---|---|---|
| Allied | $1,126 | |
| GEICO | $1,367 | |
| Liberty Mutual | $1,585 | |
| Roswell average | $1,637 | |
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Cheapest Car Insurance in Farmington, NM
Farmington ’ s least expensive car insurance policy is with Progressive, which offered us a quote at $1,138 yearly for broad coverage with $ 500 deductibles for comprehensive and collision insurance. Progressive ’ s fully coverage quote is 33 % cheaper than Farmington ’ south median $ 1,700 pace for 30-year-old drivers .
| Farmington Company | Average Premium | |
|---|---|---|
| Progressive | $1,138 | |
| GEICO | $1,415 | |
| Safeco | $1,438 | |
| Farmington average | $1,700 | |
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Average Car Insurance Cost for All Cities in New Mexico
| City | Annual Premium Cost | City | Annual Premium Cost | |||
|---|---|---|---|---|---|---|
| Albuquerque | $1,755 | Laguna | $1,521 | |||
| Santa Fe | $1,729 | Lake Arthur | $1,482 | |||
| Las Cruces | $1,803 | Lakewood | $1,486 | |||
| Roswell | $1,637 | Las Vegas | $1,478 | |||
| Farmington | $1,700 | Lea County | $1,498 | |||
| Taos | $1,655 | Lemitar | $1,528 | |||
| Carlsbad | $1,690 | Lincoln | $1,492 | |||
| Hobbs | $1,598 | Lindrith | $1,525 | |||
| Gallup | $1,567 | Loco Hills | $1,518 | |||
| Ruidoso | $1,603 | Lordsburg | $1,482 | |||
| Rio Rancho | $1,611 | Los Alamos | $1,486 | |||
| Alamogordo | $1,478 | Los Ojos | $1,518 | |||
| Abiquiu | $1,498 | Lovington | $1,546 | |||
| Acoma | $1,482 | Los Lunas | $1,557 | |||
| Alcalde | $1,516 | Malaga | $1,478 | |||
| Alto | $1,492 | Mayhill | $1,501 | |||
| Amalia | $1,550 | Medanales | $1,533 | |||
| Anthony | $1,518 | Mescalero | $1,567 | |||
| Arroyo Hondo | $1,482 | Mesilla Park | $1,498 | |||
| Arroyo Seco | $1,486 | Mesilla | $1,482 | |||
| Artesia | $1,573 | Mesquite | $1,492 | |||
| Aztec | $1,501 | Milan | $1,549 | |||
| Bayard | $1,510 | Mimbres | $1,518 | |||
| Bent | $1,492 | Montezuma | $1,510 | |||
| Bernalillo | $1,498 | Mora | $1,478 | |||
| Blanco | $1,544 | Moriarty | $1,486 | |||
| Bloomfield | $1,527 | Mountainair | $1,563 | |||
| Bluewater | $1,518 | Mule Creek | $1,478 | |||
| Bosque | $1,549 | Nageezi | $1,492 | |||
| Buckhorn | $1,492 | Navajo Dam | $1,498 | |||
| Buena Vista | $1,555 | New Laguna | $1,501 | |||
| Canjilon | $1,559 | Nogal | $1,546 | |||
| Capitan | $1,529 | Ohkay Owingeh | $1,518 | |||
| Carrizozo | $1,486 | Ojo Caliente | $1,492 | |||
| Carson | $1,501 | Ojo Feliz | $1,442 | |||
| Casa Blanca | $1,478 | Organ | $1,482 | |||
| Catron County | $1,492 | Orogrande | $1,559 | |||
| Cebolla | $1,498 | Paguate | $1,527 | |||
| Cedar Crest | $1,546 | Pecos | $1,478 | |||
| Cerrillos | $1,444 | Pena Blanca | $1,486 | |||
| Cerro | $1,518 | Penablanca | $1,498 | |||
| Chacon | $1,510 | Penasco | $1,492 | |||
| Chama | $1,482 | Picacho | $1,501 | |||
| Chamberino | $1,492 | Pinehill | $1,482 | |||
| Chamisal | $1,501 | Pinon | $1,546 | |||
| Chaparral | $1,478 | Placitas | $1,518 | |||
| Chimayo | $1,498 | Polvadera | $1,521 | |||
| Church Rock | $1,486 | Ponderosa | $1,546 | |||
| Claunch | $1,510 | Prewitt | $1,440 | |||
| Cleveland | $1,484 | Pueblo Of Acoma | $1,478 | |||
| Cliff | $1,527 | Quay County | $1,498 | |||
| Cloudcroft | $1,482 | Questa | $1,486 | |||
| Clovis | $1,548 | Radium Springs | $1,456 | |||
| Cochiti Pueblo | $1,518 | Rainsville | $1,492 | |||
| Colfax County | $1,559 | Ramah | $1,482 | |||
| Conchas Dam | $1,492 | Ranchos De Taos | $1,501 | |||
| Continental Divide | $1,446 | Red River | $1,510 | |||
| Cordova | $1,478 | Regina | $1,546 | |||
| Corona | $1,498 | Rehoboth | $1,518 | |||
| Corrales | $1,482 | Ribera | $1,492 | |||
| Costilla | $1,455 | Rincon | $1,542 | |||
| Counselor | $1,478 | Rociada | $1,498 | |||
| Coyote | $1,486 | Roosevelt County | $1,479 | |||
| Crown Point | $1,482 | Rowe | $1,478 | |||
| Crownpoint | $1,510 | Ruidoso Downs | $1,532 | |||
| Cuba | $1,492 | Sacramento | $1,486 | |||
| Cubero | $1,546 | Salem | $1,527 | |||
| Curry County | $1,501 | San Acacia | $1,482 | |||
| De Baca County | $1,441 | San Antonio | $1,546 | |||
| Dexter | $1,482 | San Cristobal | $1,510 | |||
| Dixon | $1,486 | San Fidel | $1,443 | |||
| Dona Ana | $1,498 | San Jose | $1,427 | |||
| Dulce | San Miguel | $1,482 | ||||
| Edgewood | $1,478 | San Patricio | $1,492 | |||
| El Prado | $1,482 | San Rafael | $1,498 | |||
| El Rito | $1,527 | San Ysidro | $1,486 | |||
| Elida | $1,518 | Sandia Park | $1,546 | |||
| Espanola | $1,492 | Santa Clara | $1,482 | |||
| Fairacres | $1,510 | Santa Cruz | $1,501 | |||
| Faywood | $1,482 | Santa Teresa | $1,554 | |||
| Fence Lake | $1,548 | Santo Domingo Pueblo | $1,478 | |||
| Flora Vista | $1,486 | Sapello | $1,527 | |||
| Fort Wingate | $1,559 | Serafina | $1,403 | |||
| Fruitland | $1,501 | Sheep Springs | $1,482 | |||
| Gallina | $1,398 | Shiprock | $1,486 | |||
| Gamerco | $1,498 | Sierra County | $1,518 | |||
| Garfield | $1,446 | Silver City | $1,549 | |||
| Garita | $1,474 | Socorro | $1,492 | |||
| Gila | $1,482 | Sunland Park | $1,510 | |||
| Glencoe | $1,486 | Sunspot | $1,501 | |||
| Glorieta | $1,549 | Taos | $1,399 | |||
| Grants | $1,527 | Tererro | $1,555 | |||
| Guadalupe County | $1,518 | Tesuque | $1,486 | |||
| Guadalupita | $1,478 | Thoreau | $1,446 | |||
| Hachita | $1,510 | Tierra Amarilla | $1,498 | |||
| Hagerman | $1,501 | Tijeras | $1,482 | |||
| Hanover | $1,492 | Tinnie | $1,416 | |||
| Harding County | $1,522 | Tohatchi | $1,518 | |||
| Hatch | $1,482 | Tome | $1,501 | |||
| Hi Rls Mtn Pk | $1,547 | Torrance County | $1,492 | |||
| Hidalgo County | $1,429 | Trementina | $1,478 | |||
| High Rolls Mountain Park | $1,559 | Tres Piedras | $1,510 | |||
| Holloman Afb | $1,541 | Truchas | $1,522 | |||
| Holloman Air Force Base | $1,522 | Tularosa | $1,482 | |||
| Holman | $1,486 | Tyrone | $1,550 | |||
| Hondo | $1,498 | Union County | $1,592 | |||
| Hope | $1,482 | Vadito | $1,486 | |||
| Hurley | $1,501 | Valencia County | $1,498 | |||
| Ilfeld | $1,492 | Vallecitos | $1,500 | |||
| Isleta | $1,542 | Vanderwagen | $1,535 | |||
| Jamestown | $1,518 | Veguita | $1,501 | |||
| Jemez Pueblo | $1,522 | Velarde | $1,482 | |||
| Jemez Springs | $1,510 | Villanueva | $1,419 | |||
| Kenna | $1,486 | Wagon Mound | $1,492 | |||
| Kewa | $1,564 | Waterflow | $1,539 | |||
| Kirtland | $1,498 | Watrous | $1,478 | |||
| La Jara | $1,478 | Weed | $1,522 | |||
| La Joya | $1,501 | White Rock | $1,486 | |||
| La Luz | $1,492 | White Sands | $1,528 | |||
| La Madera | $1,522 | Whites City | $1,510 | |||
| La Mesa | $1,482 | Youngsville | $1,478 | |||
| La Plata | $1,514 | Zuni | $1,498 | |||
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Minimum Auto Insurance Coverage Requirements in New Mexico
The Motor Vehicle Department ( MVD ) requires all New Mexico drivers to have the minimum liability limits :
| Liability | Minimum coverage | |
|---|---|---|
| Bodily injury liability | $25,000 per person / $50,000 per accident | |
| Property damage liability | $10,000 per accident | |
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Compare RatesStart Now → New Mexico doesn ’ thymine command drivers to carry uninsured motorist coverage. however, we recommend drivers to buy uninsured motorist coverage since New Mexico ’ sulfur uninsured motorist rate is 20.8 %, according to the Insurance Information Institute ( III.org ) .
AutoInsureSavings.org agents besides recommend higher liability limits with collision and comprehensive indemnity. You may pay more for indemnity coverage, but a full coverage insurance policy ultimately will save money if you get into a dearly-won car accident .
Frequently Asked Questions
Who has the Cheapest Car Insurance in New Mexico?
Safeco Insurance offers the state minimum ’ south cheapest car insurance rate at $ 387 per year. The average annual premium for minimal coverage in New Mexico is $ 592, and Safeco ’ south agio costs 35 % less per year. early good options for low-cost cable car policy are USAA at $ 398, State Farm at $ 424, and Progressive at $ 547 per year .
How Much is New Mexico Car Insurance per Month?
The average car indemnity costs $ 1,565 in New Mexico for full coverage policy and $ 592 per year for department of state minimum coverage for a 30-year-old driver with a blank drive record .
How Much Is Full Coverage New Mexico Car Insurance?
The average cost of wax coverage car insurance in New Mexico is $ 1,565 annually or $ 130 per calendar month with $ 100,000 per accident in liability coverage. State Farm ’ sulfur median rate for full coverage is $ 1,030 a year or $ 85 per month or 34 % less per year, while Safeco ’ south pace of $ 1,081 is 31 % below New Mexico ’ south average .
How Much Will My Car Insurance Increase With a Speeding Ticket in New Mexico?
You can expect your cable car insurance rates to increase 22 % after a travel rapidly misdemeanor in New Mexico. Most drivers pay around $ 1,909 annually for full coverage once they have a ticket on their drive record. progressive ’ south rate is only $ 1,417 per annum after one ticket for 30-year-olds .
How do I Save on Car Insurance in New Mexico?
The best direction to save on your indemnity premium is to find out from your car insurance provider if you are eligible for a money-saving driver discount offered by the company. many indemnity providers in New Mexico will lower your overall car policy rates if you have more than one policy with them, such as liveliness or home indemnity policies .
Another way to save on your car insurance bounty is to exercise safe driving habits and maintain clean drive records. many car insurers offer good drive discounts for drivers in New Mexico that have blank drive records for three years or more. One exemplar is Allstate Insurance which offers good drivers a safe drive bonus. not lone will you keep and your passengers with safe drive, but it will besides help you keep off cable car accidents or traffic violations that could cause your premium to rise .
To learn more about New Mexico ’ s most low-cost car insurance options, enter your travel rapidly code or contact the car insurance experts at AutoInsureSavings.org .
Our accredited policy professionals will be felicitous to answer any questions you have .
Methodology
AutoInsureSavings.org comparison denounce survey used a full-coverage car policy for a 30-year-old driving a 2018 Honda Accord with the succeed coverage limits :
| Coverage type | Study limits | |
|---|---|---|
| Bodily injury liability | $50,000 per person / $100,000 per accident | |
| Property damage liability | $25,000 per accident | |
| Personal injury protection | $10,000 | |
| Uninsured / underinsured motorist bodily injury | $50,000 per person / $100,000 per accident | |
| Comprehensive and collision coverage | $500 deductible | |
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Compare RatesStart Now → We used indemnity rates for drivers with accident histories, credit scores, and marital condition for other New Mexico pace analyses. We used car indemnity rate data from Quadrant Information Services, which are publicly available for comparative purposes merely. Your indemnity rates may vary when you get quotes.
Sources
– Motor Vehicle Department of New Mexico. “ Car Insurance. ”
– Rocky Mountain Insurance Information Association. “ New Mexico Graduated Driver Licensing. ”
– Rocky Mountain Insurance Information Association. “ Uninsured Motorists, Driving Without Car Insurance. ”
– National Association of Insurance Commissioners. “ Market Share Reports for Property/Casualty Groups and Insurance Companies. ”
– Insurance Information Institute. “ What is covered by a basic car policy policy ?. ”
– National Highway Traffic and Safety Administration. “ DWI Insurance Report. ”
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