Average car insurance cost in Las Cruces, NM

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Based on an analysis by Insure.com, the typical car insurance expense in Las Cruces, New Mexico is $1,894 annually. Furthermore, car insurance premiums in Las Cruces are $155 less than compared to the state average in New Mexico and $1 less than the national average.

Car insurance premiums differ widely depending on the location, city demographics, population density, average resident age, accident rates, and theft and vandalism.

This article looks at the most affordable car insurance companies in Las Cruces, the average car insurance rates by age and gender, and the costs in Las Cruces based on coverage limits.

Whether you’re a new or experienced driver, this article will guide you in finding the most affordable car insurance in Las Cruces. Keep reading to learn more.

Cheap car insurance companies in Las Cruces

Geico offers the most affordable car insurance in Las Cruces for coverage limits of 100/300/100 at $1,201 per year.

The Central Insurance comes close second offering car insurance at $1,339 per year.

As mentioned previously, car insurance quotes differ amongst companies due to the factors they consider when determining rates. Hence, it’s advisable to obtain quotes from multiple insurers to find affordable car insurance rates in Las Cruces that align with your needs before finalizing your insurance carrier.

Here are the average annual and monthly costs for the various car insurance companies providing coverage in Las Cruces, New Mexico:

Read about the best car insurance companies.

Average car insurance cost in Las Cruces by coverage limits

The average car insurance rates in Las Cruces based on coverage types are as follows:

• State minimum coverage: $439 per year (limits are 25/50/25)
• Liability only coverage: $672 per year (limits are 50/100/50)
• Full coverage: $1,894 per year (limits are 100/300/100)
• Non-owners coverage: $305 per year

In many states, it’s a legal requirement for drivers to maintain the state minimum coverage, although these requirements vary by state. The state minimum coverage does not cover vehicles listed on your policy in an at-fault accident.

To avoid the risk of insufficient coverage and out-of-pocket expenses, it’s advisable to opt for full coverage or non-owner coverage, especially if you frequently borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Las Cruces

Based on an analysis by Insure.com, female drivers in Las Cruces, New Mexico pay an average annual car insurance premium of $1,902. In comparison, male drivers pay $1,885 annually, which is $17 less than what female drivers pay.

According to the Insurance Information Institute, statistics indicate that women are generally considered safer drivers than men. Also, women pay less for car insurance due to the lower rate of severe accidents.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Las Cruces

In Las Cruces, car insurance rates are the highest for teens, at $5,906 per year or $492 per month. The rates are higher for teenagers (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road, according to the Insurance Information Institute. There are driving laws for teens to help them drive better. Also, teen insurance rates can be lowered by adding teens to a parent’s auto insurance policy.

Car insurance rates are bound to decrease as teens grow older and earn a good driving record. Young adults pay $2,940 per year for their car insurance which is $2,966 less than what the teens pay for their insurance policy.

The car insurance rates in Las Cruces for adult and senior drivers are $1,891 and $1,899 per year respectively.

The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below depicts the average annual rates for drivers of different age groups:

Car insurance rate trends in Las Cruces

Examining the trends in car insurance rates in Las Cruces, New Mexico it was on an upward swing from 2022 to 2023. From 2022 to 2023 rates increase overall by 37%, or $515.

The table below shows the trend for last four years:

Conclusion

In conclusion, Las Cruces’s car insurance rates are lower than the average insurance rates in New Mexico. Drivers in Las Cruces can find affordable car insurance options by shopping around and taking advantage of available discounts. Moreover, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.