The Cheapest Car Insurance in New Mexico for 2022 – NerdWallet

car indemnity is an authoritative leverage, but finding brassy cable car insurance in New Mexico international relations and security network ’ t always easy. That ’ second why it ’ randomness significant to compare rates from multiple insurers. The average cost of entire coverage car indemnity in New Mexico is $ 1,505 per year, or about $ 125 per month, according to NerdWallet ’ south analysis. minimum coverage in New Mexico is $ 413 per year on average, but we found you can probable get a cheaper policy. For case, Central Insurance offers the cheapest rates in New Mexico at $ 232 per year, on average, for minimum coverage cable car insurance for a 35-year-old driver with a clean drive record.

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Cheapest cable car insurance ship’s company overall in New Mexico
Geico	$ 97/month	4.5 NerdWallet rat NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account consumer complaint and customer satisfaction data.
Cheapest for minimum coverage
cardinal policy	$ 19/month	not so far rated .
Cheapest for young drivers
cardinal insurance	$ 161/month	not yet rated .
Cheapest for drivers with poor credit
Geico	$ 97/month	4.5 NerdWallet rate NerdWallet’s ratings are determined by our editorial team. The scoring formula takes into account consumer complaint and customer satisfaction data.

How we chose the cheapest companies in New Mexico

NerdWallet ’ s editorial team analyzed cable car indemnity rates from 10 car insurers in New Mexico and found the five cheapest options for drivers in several age brackets and with different histories, all driving a 2019 Toyota Camry L. For minimal coverage, we looked at rates that reflect the minimum requirements in New Mexico. For full coverage, we used the below coverage limits :

• $ 100,000 bodily injury liability per person .
• $ 300,000 bodily injury liability per accident .
• $ 50,000 property damage liability per accident .
• $ 100,000 uninsured motorist coverage per person .
• $ 300,000 uninsured motorist coverage per accident .
• Collision coverage with a $ 1,000 deductible .
• comprehensive coverage with a $ 1,000 deductible .

Cheapest for 20-year-old drivers

Drivers in their 20s may have to get a lot of quotes to find cheap car indemnity. Prices can be sky-high for younger 20-somethings, but tend to come down as drivers get more experience on the road. still, some companies routinely have better insurance rates for young drivers, so it ‘s best to shop around to find them.

Cheapest full coverage car insurance in New Mexico for 20-year-olds

Drivers in New Mexico with clean drive records may want to consider the play along companies, which had the lowest median rates :

1. cardinal policy : $ 1,931 per class, or about $ 161 per month .
2. Geico : $ 2,202 per year, or about $ 184 per month .
3. state grow : $ 2,215 per year, or about $ 185 per calendar month .
4. farm Bureau Financial Services : $ 2,627 per year, or about $ 219 per month .
5. progressive : $ 2,796 per year, or about $ 233 per month .

Cheapest minimum coverage car insurance in New Mexico for 20-year-olds

Drivers in New Mexico who want barely the state minimum coverage may want to check with these companies, which had the lowest average rates :

1. central insurance : $ 453 per year, or about $ 38 per month .
2. Geico : $ 586 per year, or about $ 49 per month .
3. department of state farm : $ 640 per year, or about $ 53 per month .
4. Allstate : $ 858 per year, or about $ 72 per month .
5. progressive : $ 909 per year, or about $ 76 per calendar month .

Cheapest auto insurance in New Mexico for 20-year-olds with poor credit

Drivers with inadequate credit in New Mexico should look at the following insurers with the lowest average rates for minimum coverage :

1. Geico : $ 702 per year, or about $ 58 per calendar month .
2. central insurance : $ 904 per class, or about $ 75 per calendar month .
3. Allstate : $ 1,037 per year, or about $ 86 per calendar month .
4. progressive : $ 1,289 per year, or about $ 107 per calendar month .
5. state farm : $ 1,399 per class, or about $ 117 per month .

Cheapest auto insurance in New Mexico for 20-year-old drivers with one at-fault crash

For drivers with a recent accident in New Mexico, hera are the companies with the lowest average rates for minimal coverage :

1. central policy : $ 739 per year, or about $ 62 per month .
2. state grow : $ 793 per year, or about $ 66 per calendar month .
3. Geico : $ 907 per class, or about $ 76 per calendar month .
4. Allstate : $ 1,110 per year, or about $ 92 per month .
5. progressive : $ 1,120 per class, or about $ 93 per month .

Cheapest auto insurance in New Mexico for 20-year-old drivers after a DUI

The cheapest car policy we found after a DUI is shown hera, alongside the insurers ‘ median rates for minimal coverage .

1. state farm : $ 975 per year, or about $ 81 per calendar month .
2. liberal : $ 987 per year, or about $ 82 per month .
3. cardinal insurance : $ 1,052 per year, or about $ 88 per calendar month .
4. Allstate : $ 1,143 per class, or about $ 95 per calendar month .
5. Farmers : $ 1,564 per year, or about $ 130 per month .

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Cheapest for 30-year-old drivers

By the time they reach their 30s, most drivers will enjoy cheaper car insurance rates than in their teens and 20s. inactive, factors like a person ’ second driving commemorate and car make and model can increase prices. Drivers in their 30s can get lower rates by shopping around and taking advantage of any car insurance discounts.

Cheapest full coverage car insurance in New Mexico for 30-year-olds

Drivers in New Mexico with clean driving records may get the lowest rates from these companies :

1. Geico : $ 1,195 per year, or about $ 100 per calendar month .
2. state farm : $ 1,246 per year, or about $ 104 per month .
3. MetLife : $ 1,370 per year, or about $ 114 per month .
4. cardinal indemnity : $ 1,432 per year, or about $ 119 per month .
5. farm Bureau Financial Services : $ 1,587 per year, or about $ 132 per month .

Cheapest minimum coverage car insurance in New Mexico for 30-year-olds

Drivers in New Mexico who want their state of matter ‘s minimal coverage can check with the following companies, which had the lowest average rates :

1. central insurance : $ 252 per year, or about $ 21 per month .
2. Geico : $ 261 per year, or about $ 22 per calendar month .
3. state farm : $ 282 per year, or about $ 24 per month .
4. farm Bureau Financial Services : $ 440 per year, or about $ 37 per calendar month .
5. MetLife : $ 446 per year, or about $ 37 per calendar month .

Cheapest auto insurance in New Mexico for 30-year-olds with poor credit

Drivers with poor recognition in New Mexico should consider the following companies with the lowest average rates for full coverage :

1. Geico : $ 1,461 per year, or about $ 122 per calendar month .
2. state of matter farm : $ 2,303 per year, or about $ 192 per month .
3. progressive : $ 2,375 per year, or about $ 198 per month .
4. embrace : $ 2,396 per year, or about $ 200 per month .
5. farm Bureau Financial Services : $ 2,486 per class, or about $ 207 per month .

Cheapest auto insurance in New Mexico for 30-year-old drivers with one at-fault crash

For drivers in New Mexico with a late accident, here are the lowest average rate options for full moon coverage :

1. state farm : $ 1,499 per year, or about $ 125 per calendar month .
2. cardinal indemnity : $ 1,885 per year, or about $ 157 per month .
3. Geico : $ 1,916 per year, or about $ 160 per calendar month .
4. embrace : $ 2,129 per class, or about $ 177 per calendar month .
5. grow Bureau Financial Services : $ 2,144 per year, or about $ 179 per calendar month .

Cheapest auto insurance in New Mexico for 30-year-old drivers after a DUI

For the cheapest car policy after a DUI, we found the stick to options for full coverage .

1. state farm : $ 1,703 per year, or about $ 142 per calendar month .
2. liberal : $ 1,771 per year, or about $ 148 per calendar month .
3. Farmers : $ 2,318 per year, or about $ 193 per calendar month .
4. central policy : $ 2,389 per year, or about $ 199 per month .
5. farm Bureau Financial Services : $ 2,554 per class, or about $ 213 per calendar month .

Cheapest for 40-year-old drivers

Drivers in their 40s tend to have better insurance rates than their younger counterparts on median, but still pay more than older age groups. Shopping around for brassy car indemnity quotes with multiple insurers is the best way to find lower rates. good drivers who don ’ thymine catch behind the wheel much might want to consider pay-per-mile policy, which charges drivers by how many miles they drive.

Cheapest full coverage car insurance in New Mexico for 40-year-olds

Drivers in New Mexico with clean repel records may want to think about the pursuit companies, which had the lowest modal rates :

1. Geico : $ 1,163 per year, or about $ 97 per month .
2. state farm : $ 1,224 per year, or about $ 102 per calendar month .
3. MetLife : $ 1,287 per year, or about $ 107 per calendar month .
4. central policy : $ 1,316 per year, or about $ 110 per month .
5. progressive : $ 1,444 per year, or about $ 120 per month .

Cheapest minimum coverage car insurance in New Mexico for 40-year-olds

Drivers in New Mexico who want just the minimum coverage may want to check prices from these companies, which had the lowest average rates :

1. central indemnity : $ 224 per year, or about $ 19 per month .
2. Geico : $ 256 per class, or about $ 21 per calendar month .
3. state of matter farm : $ 283 per year, or about $ 24 per calendar month .
4. farm Bureau Financial Services : $ 418 per year, or about $ 35 per calendar month .
5. MetLife : $ 430 per year, or about $ 36 per month .

Cheapest auto insurance in New Mexico for 40-year-olds with poor credit

Drivers with poor credit in New Mexico can check out the following insurers with the lowest average rates for wide coverage :

1. Geico : $ 1,422 per year, or about $ 118 per month .
2. liberal : $ 2,158 per year, or about $ 180 per month .
3. express farm : $ 2,254 per class, or about $ 188 per month .
4. central policy : $ 2,393 per year, or about $ 199 per calendar month .
5. embrace : $ 2,396 per class, or about $ 200 per month .

Cheapest auto insurance in New Mexico for 40-year-old drivers with one at-fault crash

For drivers with a recent accident survive in New Mexico, here are the companies with the lowest average rates for full coverage :

1. submit farm : $ 1,471 per year, or about $ 123 per calendar month .
2. cardinal policy : $ 1,712 per year, or about $ 143 per calendar month .
3. Geico : $ 1,862 per class, or about $ 155 per month .
4. farm Bureau Financial Services : $ 2,062 per year, or about $ 172 per month .
5. MetLife : $ 2,093 per year, or about $ 174 per month .

Cheapest auto insurance in New Mexico for 40-year-old drivers after a DUI

The cheapest entire coverage car insurance we found for drivers with a DUI came from the following companies .

1. progressive : $ 1,613 per year, or about $ 134 per calendar month .
2. submit farm : $ 1,673 per year, or about $ 139 per calendar month .
3. cardinal insurance : $ 2,154 per year, or about $ 180 per month .
4. Farmers : $ 2,300 per year, or about $ 192 per calendar month .
5. farm Bureau Financial Services : $ 2,451 per year, or about $ 204 per month .

Cheapest for 50-year-old drivers

Drivers in their 50s have cheaper car insurance rates than most other age groups on average. Prices will continue to drop as they inch toward their 60s and gain more drive experience. Rates can still vary depending on other factors such as a driver ’ sulfur sex and location, so it ’ second chic to shop around to find the best pace. Our list of the best cheap car policy companies is a dependable place to start.

Cheapest full coverage car insurance in New Mexico for 50-year-olds

Drivers in New Mexico with clean drive records may want to get quotes from these insurers, which had the lowest average rates :

1. Geico : $ 1,104 per year, or about $ 92 per calendar month .
2. MetLife : $ 1,189 per year, or about $ 99 per month .
3. state farm : $ 1,198 per year, or about $ 100 per month .
4. central indemnity : $ 1,279 per year, or about $ 107 per month .
5. progressive : $ 1,369 per year, or about $ 114 per calendar month .

Cheapest minimum coverage car insurance in New Mexico for 50-year-olds

Drivers in New Mexico who opt for the state minimal coverage may want to consider the follow companies, with the lowest average rates :

1. central indemnity : $ 219 per year, or about $ 18 per month .
2. Geico : $ 243 per year, or about $ 20 per calendar month .
3. state farm : $ 282 per year, or about $ 24 per calendar month .
4. farm Bureau Financial Services : $ 344 per year, or about $ 29 per month .
5. MetLife : $ 395 per year, or about $ 33 per calendar month .

Cheapest auto insurance in New Mexico for 50-year-olds with poor credit

Drivers with poor credit in New Mexico can check with the following companies, which showed the lowest modal rates for full coverage :

1. Geico : $ 1,346 per year, or about $ 112 per month .
2. progressive : $ 2,049 per year, or about $ 171 per month .
3. farm Bureau Financial Services : $ 2,144 per year, or about $ 179 per calendar month .
4. state farm : $ 2,196 per year, or about $ 183 per month .
5. embrace : $ 2,251 per year, or about $ 188 per calendar month .

Cheapest auto insurance in New Mexico for 50-year-old drivers with one at-fault crash

For drivers living in New Mexico with a holocene accident, here are the insurers with the lowest average fully coverage rates :

1. department of state grow : $ 1,438 per year, or about $ 120 per month .
2. central insurance : $ 1,665 per year, or about $ 139 per month .
3. Geico : $ 1,765 per year, or about $ 147 per calendar month .
4. farm Bureau Financial Services : $ 1,839 per year, or about $ 153 per month .
5. MetLife : $ 1,926 per year, or about $ 160 per calendar month .

Cheapest auto insurance in New Mexico for 50-year-old drivers after a DUI

The cheapest car indemnity we found for drivers with a late DUI comes from the following companies, listed with rates for full coverage .

1. progressive : $ 1,544 per class, or about $ 129 per month .
2. state grow : $ 1,638 per class, or about $ 136 per calendar month .
3. central policy : $ 2,097 per year, or about $ 175 per calendar month .
4. farm Bureau Financial Services : $ 2,169 per class, or about $ 181 per calendar month .
5. Farmers : $ 2,178 per year, or about $ 182 per month .

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Cheapest for 60-year-old drivers

Although 60-year-olds have cheaper car policy rates than many early old age groups on average, prices will start increasing as they get older. To find bum car insurance for seniors, drivers in their 60s should make certain to shop around to find the best rate. Drivers in this age group should besides take advantage of any available discounts for senior citizens.

Cheapest full coverage car insurance in New Mexico for 60-year-olds

Drivers in New Mexico with clean drive records may want to think about getting quotes from these companies, which had the lowest average rates :

1. MetLife : $ 1,081 per year, or about $ 90 per calendar month .
2. Geico : $ 1,117 per year, or about $ 93 per month .
3. state farm : $ 1,144 per year, or about $ 95 per calendar month .
4. central indemnity : $ 1,316 per year, or about $ 110 per calendar month .
5. progressive : $ 1,321 per year, or about $ 110 per month .

Cheapest minimum coverage car insurance in New Mexico for 60-year-olds

Drivers in New Mexico who want precisely the state minimal coverage may want to check with these insurers, which had the lowest average rates :

1. central insurance : $ 236 per class, or about $ 20 per calendar month .
2. Geico : $ 250 per class, or about $ 21 per calendar month .
3. state farm : $ 266 per class, or about $ 22 per month .
4. farm Bureau Financial Services : $ 344 per class, or about $ 29 per month .
5. MetLife : $ 367 per class, or about $ 31 per month .

Cheapest auto insurance in New Mexico for 60-year-olds with poor credit

Drivers with poor citation in New Mexico can look at the following companies with the lowest median rates for full coverage :

1. Geico : $ 1,362 per class, or about $ 114 per month .
2. progressive : $ 1,974 per year, or about $ 164 per month .
3. state of matter farm : $ 2,078 per year, or about $ 173 per month .
4. embrace : $ 2,087 per year, or about $ 174 per calendar month .
5. farm Bureau Financial Services : $ 2,099 per class, or about $ 175 per month .

Cheapest auto insurance in New Mexico for 60-year-old drivers with one at-fault crash

For drivers with a late accident living in New Mexico, here are the companies with the lowest average rates for full moon coverage :

1. state farm : $ 1,375 per year, or about $ 115 per calendar month .
2. cardinal insurance : $ 1,737 per year, or about $ 145 per calendar month .
3. MetLife : $ 1,758 per year, or about $ 146 per calendar month .
4. Geico : $ 1,790 per year, or about $ 149 per calendar month .
5. farm Bureau Financial Services : $ 1,800 per year, or about $ 150 per month .

Cheapest auto insurance in New Mexico for 60-year-old drivers after a DUI

The cheapest car policy we found after a DUI came from the following companies, shown with their average rates for full coverage .

1. progressive : $ 1,494 per class, or about $ 124 per month .
2. state of matter farm : $ 1,563 per year, or about $ 130 per calendar month .
3. Farmers : $ 2,084 per year, or about $ 174 per calendar month .
4. farm Bureau Financial Services : $ 2,121 per class, or about $ 177 per calendar month .
5. central indemnity : $ 2,207 per class, or about $ 184 per calendar month .

Cheapest car insurance for military families

If you ‘re an active extremity of the military or a veteran — or have an contiguous class penis who is — chances are you ‘ll get a relatively cheap rate with USAA, a party that is n’t available to the general public. Because of that restriction, USAA is n’t ranked with the others, but it was among the cheapest three car policy options for 47 of the 48 driver profiles we examined.

Minimum required auto insurance in New Mexico

New Mexico requires drivers to carry liability insurance, which covers others ’ injury treatment and property damage if you ’ re at fault in a crash. You must select at least the stick to minimal indebtedness limits :

• $ 25,000 bodily injury liability per person .
• $ 50,000 bodily injury liability per clang .
• $ 10,000 place damage liability per crash .

Most drivers can benefit from choosing more than the bare minimal because a crash could well result in damage that surpasses the amounts above. besides consider early coverages that can strengthen your policy. For case, indebtedness coverage won ’ triiodothyronine pay to replace your cable car if it ’ sulfur stolen ; you ’ five hundred need comprehensive coverage for that. take NerdWallet ’ s guide to minimum cable car indemnity requirements by submit for more details about coverages you may want for your New Mexico car policy.

Alternative car insurance for high-risk drivers

If you ‘ve been denied car indemnity on the receptive market — because of DUIs, crashes or other circumstances — you can apply for coverage through the New Mexico Motor Vehicle Insurance Plan. For more assistant denounce for cheap cable car policy in New Mexico, try NerdWallet ‘s car insurance comparison tool .

source : https://insurecar.info
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