Home Car insurance Average car insurance cost Car insurance rates by state Average car insurance cost in New Mexico Average car insurance cost in New Mexico In New Mexico, a full-coverage car insurance policy will cost you an average of $2,486 annually or $207 per month. View Carriers Please enter valid zip Compare top carriers in your area Written by Shivani Gite Shivani Gite Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions. | Reviewed by Nupur Gambhir Nupur Gambhir Nupur Gambhir is an insurance expert and managing editor of Insure.com. She specializes in life and health insurance content, and has experience as a marketing consultant. | Updated on: September 30, 2025 Why you can trust Insure.com At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry. 25 Years of insurance experience 78.5M Quotes reviewed 170 Insurance providers evaluated 34.5K ZIP codes analyzed If you live in New Mexico, you can expect to pay an average of around $207 per month for full coverage car insurance, or $2,486 per year. If you carry only your state’s minimum required liability coverage, your cost drops to about $40 monthly or $475 annually.Location plays a big role in what you pay for car insurance. Insurers calculate rates based on state-specific risk factors such as accident frequency, repair and medical costs, theft rates, and even weather-related risks. Urban areas with heavy traffic or higher crime rates tend to see higher premiums, while rural areas are often cheaper. Beyond location, your age, driving record, credit score, ZIP code, and the type of car you drive also affect your rate. Average annual cost $2,486 Average per month cost $207 Average cost for state minimum coverage $728 / Year Cheapest car insurance company GEICO($1,502 / Year) Average cost for young drivers $3,864 / Year Average cost for Senior drivers $2,420 / Year Average car insurance cost in New Mexico If you live in New Mexico can expect to pay an average of $207 per month for full coverage car insurance – that’s $2,486 per year. If you opt for your state’s minimum required coverage, your insurance cost drops to $40 monthly or $475 annually. Just keep in mind that opting for minimum coverage means significantly less protection if you’re in an accident.However, how much you actually pay for coverage can vary based on several factors, such as your age, driving history, credit score, ZIP code and the type of car you drive.Cheapest car insurance companies in New MexicoGEICO provides the lowest full coverage rates, for an average cost of $1,502 per year or $125 monthly for a policy with 100/300/100 liability limits and $500 collision and comprehensive deductibles.Central Insurance also offers affordable insurance coverage to New Mexico drivers at an average cost of $1,952 a year or $163 per month.Although these insurers offer some of the most affordable average rates in New Mexico, your exact insurance cost may vary. Be sure to shop around and compare quotes to get the best deal on auto coverage. Affordable car insurance providers in New Mexico Graph Table Company nameAverage per month costAverage annual costGEICO$125$1,502Central Insurance$163$1,952Progressive$170$2,046Nationwide$212$2,547State Farm$220$2,640Farmers$230$2,765Allstate$250$2,995Kemper$287$3,449Iowa Farm Bureau$312$3,743USAA*$105$1,254*USAA is only available to military community members and their families.Powered by: Updated with latest data New Mexico car insurance calculator Select Year Select Year20242023202220212020201920182017201620152014 Vehicle Make Select MakeAcuraAlfa-RomeoAudiBMWBuickCadillacChevroletChryslerDodgeFordGenesisGMCHondaHyundaiInfinitiJaguarJeepKiaLand RoverLexusLincolnMaseratiMazdaMercedes-AMGMercedes-BenzMiniMitsubishiNissanPolestarPorscheRamSubaruTeslaToyotaVolkswagenVolvo Vehicle Model Select ModelIntegraIntegra A-SpecIntegra A-Spec TechIntegra Type SMDXMDX SH-AWDMDX SH-AWD A-SpecMDX SH-AWD AdvanceMDX SH-AWD TechnologyMDX SH-AWD Type SMDX SH-AWD Type S Advance PackageMDX TechnologyRDX SH-AWDRDX SH-AWD A-SpecRDX SH-AWD A-Spec AdvanceRDX SH-AWD AdvanceRDX SH-AWD TechnologyTLX 2.0T SH-AWD A-SpecTLX 2.0T TechnologyTLX 3.0T Type S State Select StateAlaskaAlabamaArizonaArkansasCaliforniaColoradoConnecticutWashington D.C.DelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew MexicoNew YorkNew JerseyNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyomingNationwide Reset Vehicle already present. Please select a different vehicle. Matching results for your car Filter Add more cars Year Select Year202420242023202220212020201920182017201620152014 State Select State Nationwide Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Washington D.C. Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming State Minimum Coverage Select Low to High High to Low OR Liability Coverage Select Low to High High to Low OR Full Coverage Select Low to High High to Low Reset Apply Add a vehicle to Compare!!! No matches found for the selected filter options..!!! Year 2024 Cylinders 4 Make & Model Acura - Integra State New Mexico Style 2WD 4 Door Hatchback Automatic Turbo Vehicle Type Luxury Car State Minimum Coverage NA* Liability Coverage $1,023/Year OR $85/month Full Coverage $2,545/Year OR $212/month New Mexico Get Quote Get Quote Let's start saving! To save more, tell us about yourself: What is Your Zip Code? What is Your Age? 16 - 20 21 - 24 25 - 34 35 - 44 45 - 54 55 - 64 65+ SEE IF YOU QUALIFY FOR MAJOR DISCOUNTS: I am a homeowner I am currently insured I am a good driver A good driver means: Have no accidents or violations in the last 3 years. Don't have a DUI. Don't need an SR22. Number of vehicles - + *It is recommended that you should get full coverage car insurance for vehicles 2020 or newer. Methodology Insure.com commissioned Quadrant Information Services to calculate average auto insurance rates for vehicles from 2006 to 2023. Our hypothetical driver is a 40-year-old male who commutes 12 miles to work each day, with policy limits of 100/300/50 ($100,000 for injury liability for one person, $300,000 for all injuries and $50,000 for property damage in an accident) and a $500 deductible on collision and comprehensive coverage. Rates for vehicles up until 2023 includes uninsured motorist coverage (since some states require it, we do it for all) and PIP or Medical Payments, if it is required by state law. This hypothetical driver has a clean record and good credit. For liability 100/300 is rates the same hypothetical driver but with liability limits of 100/300/50, uninsured/underinsured motorist in matching amounts and PIP or MedPay, if required by state. We recommend limits this high, even if you have only liability coverage. A state-minimum policy includes only the basic state liability limits and any other state-required coverages, such as uninsured motorist or PIP. Averages were calculated using data from six large carriers, such as Allstate, Farmers, GEICO, Nationwide, Progressive and State Farm. Rates were averaged across multiple ZIP codes and insurance companies. Average rates are for comparative purposes; your rate will depend on your personal factors. Average cost of car insurance by coverage levels in New MexicoYour car insurance cost largely comes down to the coverage limits you pick.If you’re just looking to meet the state’s minimum requirements, you can expect to pay around $40 a month, or about $475 a year. It’s an affordable option, but remember that it only covers liability, so damages to your car won’t be covered.For more complete protection, you may want to go with full coverage instead. Full coverage car insurance includes liability, collision and comprehensive coverage. Collision coverage covers damage to your car from accidents, regardless of fault. Comprehensive coverage protects against non-collision damages, like theft, vandalism and weather events.On average, drivers in New Mexico pay around $207 per month, or roughly $2,486 a year for full coverage. It’s a bit more expensive, but it can be worth the extra cost, especially if your car is new or financed.Coverage limitsAverage annual costState minimum liability-only$475Liability only$728Full coverage$2,486Non-owner state minimum liability$334Powered by:Auto insurance premiums vary significantly from city to city, so drivers need to be sure they’re getting the best deal. Insure.com has done the research for you. Get more information on auto insurance rates by city below.Car insurance rates in New Mexico by cityRio Rancho Our agents make it hassle-free to get the right quote. Call (844) 814-8854 Ethan Available Now Jack Available Now Robbie Available Now Ellie Available Now Average car insurance cost in New Mexico by cityBecause car insurance rates vary by location, the city you live in also affects how much you pay. If you’re in cities like Albuquerque, Hobbs or Rio Rancho, you’ll likely see higher premiums because of high traffic and accident rates, and greater risk of theft or damage.On the other hand, drivers in cities like Alamogordo or Farmington pay significantly low insurance rates, on average between $2,097 and $2,177 a year. Insurers typically charge lower premiums in these cities due to fewer accidents, lower population density, vehicle theft and vandalism rates.CityAverage annual costAlamogordo$2,097Farmington$2,177Las Cruces$2,287Santa Fe$2,437Carlsbad$2,540Clovis$2,574Roswell$2,612Rio Rancho$2,621Hobbs$2,665Albuquerque$2,878Powered by:Average car insurance cost in New Mexico by ageAge plays a significant role in how insurers calculate car insurance costs. Young drivers usually pay more, as their inexperience on the road makes them a higher risk.Rates are often highest for teenagers, begin to decrease after 25, and then climb again once drivers are in their 70s.Let’s break down what you can expect to pay in New Mexico for full coverage, depending on your age and gender.Average car insurance cost in New Mexico for young driversAs a young driver, you’ll likely face higher-than-average insurance rates. Because of limited driving experience, insurers view young drivers as riskier, resulting in higher insurance rates until they gain more experience on the road.In New Mexico, 20-year-old male drivers pay an average of $5,134 per year for car insurance, while their female counterparts pay $4,543 for the same coverage.However, by age 25, average car insurance costs drop to about $2,949 per year for male drivers and $2,759 for female drivers.Age of driverAverage annual cost for Male driversAverage annual cost for Female drivers20$5,134$4,54321$4,217$3,78222$3,917$3,56623$3,570$3,30724$3,423$3,189Powered by:Average car insurance cost in New Mexico for adult driversAn adult driver aged 25-60 in New Mexico pays $2,505 per year for full coverage, or $209 each month. Female drivers of the same age pay $2,449 annually or $204 monthly.Keep in mind that rates can vary depending on personal factors, so it’s always a good idea to compare quotes to get the best deal.Age of driverAverage annual cost for Male driversAverage annual cost for Female drivers25$2,949$2,75930$2,631$2,59835$2,549$2,52740$2,492$2,48045$2,444$2,43250$2,377$2,33755$2,335$2,27160$2,271$2,193Powered by:Average car insurance cost in New Mexico for senior driversAs a senior driver, you may notice your car insurance rates increase with age. At 65, men pay $2,335 per year, and women pay $2,247.By age 70, those averages increase to $2,436 for men and $2,330 for women. At 75, premiums rise again, reaching $2,652 for male drivers and $2,516 for female drivers.Older drivers often face higher premiums because insurers view them as higher-risk due to slower reaction times and increased accident severity with age.Still, you can keep your premiums in check by driving safely and taking advantage of senior discounts.Age of driverAverage annual cost for Male driversAverage annual cost for Female drivers65$2,335$2,24770$2,436$2,33075$2,652$2,516Powered by:Minimum car insurance requirements in New MexicoWhether you’re buying your first insurance policy or just moved to New Mexico, it’s important to understand the state’s car insurance requirements.To stay on the right side of the law, drivers in New Mexico must carry at least the following minimum liability coverage:Bodily injury per person: $25,000Bodily injury per accident: $50,000Property damage liability: $10,000Cheapest cars to insure in New MexicoYour car’s make and model can significantly impact its insurance costs. Vehicles that are expensive to repair or have higher theft or accident rates typically come with higher premiums. On the other hand, vehicles with high safety ratings and affordable repairs are more affordable to insure.Honda CR-V tops the list for cheapest car to insure in New Mexico at an average cost of $1,994 a year, followed closely by Hyundai Venue at $2,029 per year.The table below outlines the vehicles with the lowest insurance costs.Make ModelAverage annual premiumHonda CR-V$1,994Hyundai Venue$2,029Honda HR-V$2,065Chevrolet Express$2,068Volkswagen Tiguan$2,070Mini Cooper Electric$2,074GMC Savana$2,099Mazda CX-5$2,103Chevrolet TrailBlazer$2,106Subaru Outback$2,111Powered by:Most expensive cars to insure in New MexicoMaserati Quattroporte tops the list as the most expensive car to insure in New Mexico, at an average annual cost of $7,972. Below is a list of the most expensive vehicles to insure in New Mexico and their average annual premiums.Make ModelAverage annual premiumMaserati Quattroporte$7,972Maserati Ghibli$7,350BMW M8 Gran Coupe$6,253Audi RS7$6,132Audi S8$5,874Nissan GT-R$5,866Audi RS6$5,776BMW M8$5,692Audi RS Q8$5,649BMW X6 M$5,607Powered by:Car insurance costs can vary significantly depending on where you live and your personal profile. The smartest way to get the right coverage at a good price is to shop around and compare quotes from multiple insurers. Taking the time to do a little research can end up saving you a lot on your premiums.MethodologyInsure.com commissioned Quadrant Information Service to get 2023 car insurance data. Our team of data analysts and expert editors has analyzed 56,838,240 insurance quotes from 136 insurance companies across 34,523 ZIP codes to determine the average premiums. The insurance rates are based on a sample profile of a 40-year-old male driver with a clean driving record and a good insurance score. Quotes premiums are for different coverage limits, includingFull coverage policy limits of $100,000 per person for bodily injury, $300,000 total for all bodily injuries per accident and $100,000 for property damage per accident.State minimum limitsLiability-only policy with limits of $50,000 per person for bodily injury, $100,000 in bodily injury per accident and $100,000 for property damage per accident.We also collected average car insurance rates for drivers of different age groups:Young drivers aged 20-24Adult drivers aged 25-26Senior drivers aged 65-75The quoted insurance rates are for comparison purposes, and your rates may vary.78.5MQuotes reviewed170No. of carriers analyzed34.5KZIP codes analyzedHow much is car insurance in other statesAlaska$2,215/YearAlabama$2,107/YearArkansas$2,723/YearArizona$2,333/YearCalifornia$3,010/YearColorado$3,222/YearConnecticut$2,726/YearDelaware$3,097/YearFlorida$3,852/YearGeorgia$2,739/YearHawaii$1,721/YearIowa$2,228/YearIdaho$1,791/YearIllinois$1,901/YearIndiana$1,856/YearKansas$2,410/YearKentucky$2,976/YearLouisiana$4,180/YearMassachusetts$2,430/YearMaryland$2,273/YearMaine$1,701/YearMichigan$3,146/YearMinnesota$2,561/YearMissouri$2,410/YearMississippi$2,455/YearMontana$2,541/YearNorth Carolina$2,587/YearNorth Dakota$2,079/YearNebraska$2,387/YearNew Hampshire$1,650/YearNew Jersey$2,736/YearNevada$3,284/YearNew York$2,898/YearOhio$1,739/YearOklahoma$2,705/YearOregon$1,927/YearPennsylvania$2,428/YearRhode Island$2,706/YearSouth Carolina$2,367/YearSouth Dakota$2,635/YearTennessee$2,214/YearTexas$2,631/YearUtah$2,250/YearVirginia$1,837/YearVermont$1,504/YearWashington$2,175/YearWisconsin$2,026/YearWest Virginia$2,557/YearWyoming$1,984/YearShow more Shivani GiteContributing Writer | . .Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. 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How much used car insurance costs: Most and least expensive models to insure Average car insurance rates by age and gender 1/1 On this page Average car insurance cost in New MexicoCheapest car insurance companies in New MexicoAverage cost of car insurance by coverage levels in New MexicoAverage car insurance cost in New Mexico by cityAverage car insurance cost in New Mexico by ageMinimum car insurance requirements in New MexicoCheapest cars to insure in New MexicoMost expensive cars to insure in New MexicoMethodology ZIP Code Please enter valid ZIP See rates (844) 645-3330