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 The average premium for car insurance in New Mexico is $2,049 per year or $171 per month. View Carriers Please enter valid zip Compare top carriers in your area Written by Prachi Singh Prachi Singh 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. Updated on: September 9, 2024 Why you can trust Insure.com Quality Verified 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. Understanding potential costs is essential when seeking auto insurance in New Mexico. On average, car insurance in New Mexico costs $2,049 annually or $171 monthly. This figure contrasts with the national average of $1,682, showcasing a variance of $154 from the state average.You’re likely aware of this if you’re a resident here. Numerous factors contribute to car insurance premiums. Among them are age, gender, driving history, credit score, and location. This guide also provides insights into the average cost of full coverage in the state, companies offering affordable monthly premiums, average car insurance rates across cities in New Mexico, and car insurance rates by age group.It’s wise to shop around and compare quotes to ensure you’re not overpaying for auto insurance. Continue reading the guide to ensure your insurance policy meets your needs without surpassing your budget.Summary of average car insurance cost in New MexicoAverage annual cost $2,049Average per month cost $171Average cost for state minimum coverage $421 / YearCheapest car insurance company Geico($1,406 / Year)Average cost for young drivers $3,115 / YearAverage cost for Senior drivers $2,044 / Year Key Takeaways Based on Insure.com’s in-depth data analysis, car insurance in New Mexico costs $2,049 per year.In New Mexico, the average premium for car insurance is $171 per month.At $1,406 a year, Geico has the cheapest car insurance rates in New Mexico. Average car insurance cost in New Mexico per monthIn New Mexico, the average monthly rate for car insurance is $171.This cost can vary among insurers, which is true of every auto insurance company. When exploring car insurance options in New Mexico, it’s advisable to obtain quotes from multiple companies.Cheapest car insurance companies in New MexicoThe table below lists the other available car insurance companies which offer car insurance in New Mexico, along with their average cost per month and average annual cost.Company nameAverage per month costAverage annual costGeico$117$1,406Central Insurance$126$1,517Progressive$130$1,557State Farm$139$1,669Nationwide$150$1,806Farmers$228$2,740Allstate$236$2,834Iowa Farm Bureau$243$2,912Kemper$272$3,268USAA$88$1,054Read our guide to cheap car insurance companies New Mexico car insurance calculator Select Year Select Year202320222021202020192018201720162015201420132012201120102009200820072006 Vehicle Make Select MakeAcuraAlfa-RomeoAudiBMWBuickCadillacChevroletChryslerDodgeFordGenesisGMCHondaHyundaiInfinitiJaguarJeepKiaLand RoverLexusLincolnMaseratiMazdaMercedesMiniMitsubishiNissanPolestarPorscheRamSubaruTeslaToyotaVolkswagenVolvo Vehicle Model Select ModelIntegraIntegra A-SpecIntegra A-Spec TechMDXMDX SHMDX SH A-SpecMDX SH AdvanceMDX SH TechMDX SH Type SMDX SH Type S Advance PackageMDX TechRDXRDX A-SpecRDX A-Spec AdvanceRDX SHRDX SH A-SpecRDX SH AdvanceRDX SH TechRDX TechTLX 2.0TTLX 2.0T A-SpecTLX 2.0T SH A-SpecTLX 2.0T SH AdvanceTLX 2.0T TechTLX 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 Year202320222021202020192018201720162015201420132012201120102009200820072006 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 2023 Cylinders 4 Make & Model Acura - Integra State New Mexico Style 2WD 4 Door Hatchback Turbo CVT Vehicle Type Luxury Car State Minimum Coverage NA* Liability Coverage NA* Full Coverage $2,220/Year OR $185/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 MexicoThe extent of coverage you opt for directly influences the cost of car insurance in New Mexico. Your premium is determined by the limits of your liability coverage, as well as your choice regarding comprehensive and collision coverage.Liability-only insurance protects against third-party property damage and personal injuries in case of an accident. However, in the event of a collision, having solely liability coverage on your auto insurance wouldn’t cover your injuries or personal property damage if you’re responsible for the accident. If your coverage limit is 50/100/50 for liability only, the average annual cost in New Mexico would be $658.As you enhance your policy with additional coverage, your insurance premium inevitably rises, as the insurance provider will be liable to compensate you in the event of an accident or any other form of damage. Consequently, the average annual cost of full coverage car insurance in New Mexico amounts to $2,049.For individuals who don’t own a car but frequently rent one, non-owner state minimum liability coverage is the most suitable option. Similar to liability-only coverage, it provides protection for property damage and bodily injury caused to another driver. In New Mexico, the average annual cost for non-owner state minimum liability coverage stands at $293.For individuals seeking to lower their car insurance premiums, choosing the state minimum liability coverage alone, allows them to legally operate a vehicle within the state. This state minimum liability-only coverage option is priced at $421 annually in New Mexico.Coverage limitsAverage annual costState Minimum BI/PD$421Liability Only – 50/100/50 BI/PD$658Full Coverage – 100/300/100 BI/PD – 500 Comp/Coll$2,049Non-Owners$293Auto 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 cityAlbuquerqueLas CrucesRio RanchoRoswellSanta FeAverage car insurance cost in New Mexico by cityYour car insurance premium is impacted by numerous factors, including your state, city, and even ZIP code. The incidents of accidents and the probability of vehicle theft or vandalism can significantly sway the overall cost within a city or ZIP code.The table below depicts the top popular cities in New Mexico:CityAverage annual costAlamogordo$1,742Albuquerque$2,231Carlsbad$2,244Clovis$2,153Farmington$1,829Hobbs$2,194Las Cruces$1,894Rio Rancho$2,146Roswell$2,146Santa Fe$2,069Average car insurance cost in New Mexico by age of the driverAge is a significant factor affecting auto insurance premiums. Teenagers have a higher likelihood of being involved in car accidents compared to any other age group. For instance, in New Mexico, the average annual rate for young drivers is $3,115, whereas for seniors, it’s $2,044. Notably, the rate for young drivers surpasses that of senior drivers by $1,071.Statistics indicate that young drivers face a greater risk of car accidents than seasoned drivers. Consequently, they are classified as high-risk individuals. They are more expensive to insure due to tendencies such as speeding and limited road experience. However, premiums rise again around age 70 as certain age-related factors may affect driving capabilities.Average car insurance cost in New Mexico for young driversIn New Mexico, female young drivers typically pay an average annual car insurance cost of $2,958 and $246 per month.Conversely, male young drivers pay an average annual rate of $3,271, or $273 per month.The average annual rates for young male and female drivers are listed in the table below:Age of driverAverage annual cost for Male driversAverage annual cost for Female drivers20$4,133$3,59521$3,403$3,03922$3,073$2,82223$2,950$2,74824$2,800$2,601Average car insurance cost in New Mexico for senior driversIn New Mexico, senior female drivers pay an annual car insurance cost of $2,012, equating to $168 per month. Similarly, male senior drivers face an average yearly expense of $2,077, or $173 per month.Age of driverAverage annual cost for Male driversAverage annual cost for Female drivers65$1,961$1,92370$2,048$1,98675$2,223$2,127Read more about senior car insurance.Minimum car insurance requirements in New MexicoEvery state establishes guidelines regarding the minimum car insurance coverage drivers must possess to be able to drive vehicles legally. As per details provided by the New Mexico Department of Insurance, the required coverages and minimum coverage limits in New Mexico are as follows:Bodily injury per person: $25,000Bodily injury per accident: $50,000Personal property coverage per person: $10,000Cheapest cars to insure in New MexicoThe Honda HR-V has the lowest average annual insurance premium, at $1,827, with the Mazda CX-30 closely following at $1,841. Annually, the insurance cost difference between these two models amounts to $14.MakeModelAverage annual premiumHondaHR-V$1,827MazdaCX-30$1,841KiaSeltos$1,846VolkswagenTiguan$1,848HondaCR-V$1,852HyundaiVenue$1,865MazdaCX-5$1,870JeepWrangler$1,875FordMaverick$1,880SubaruForester$1,882Most expensive cars to insure in New MexicoThe Maserati Quattroporte, at an average annual premium of $7,132, tops the list as the most expensive car to insure. However, the difference between the cheapest and most expensive cars to insure is $5,305 annually.MakeModelAverage annual premiumMaseratiQuattroporte$7,132MaseratiQuattroporte Trofeo$7,037AudiR8 Performance$6,934MaseratiGhibli Trofeo$6,867MaseratiGhibli$6,231BMWM8$5,613AudiR8$5,357AudiS8$5,258MaseratiLevante Trofeo$5,241Porsche911 Carrera GT3 RS$5,213MethodologyThe Insure.com team worked with Quadrant Information Service to obtain car insurance data. To determine the average premiums, our team of data analysts and expert editors analyzed 56,838,240 insurance quotes from 136 insurance companies across 34,523 ZIP codes.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 a full coverage policy with limits:The quoted insurance rates are for comparison purposes, and your individual rates may vary.How much is car insurance in other statesAlaska$1,676/YearAlabama$1,860/YearArkansas$1,957/YearArizona$1,812/YearCalifornia$2,416/YearColorado$2,337/YearConnecticut$1,725/YearDelaware$2,063/YearFlorida$2,694/YearGeorgia$1,970/YearHawaii$1,517/YearIowa$1,630/YearIdaho$1,428/YearIllinois$1,532/YearIndiana$1,515/YearKansas$1,900/YearKentucky$2,228/YearLouisiana$2,883/YearMassachusetts$1,726/YearMaryland$1,746/YearMaine$1,175/YearMichigan$2,352/YearMinnesota$1,911/YearMissouri$1,982/YearMississippi$2,008/YearMontana$2,193/YearNorth Carolina$1,741/YearNorth Dakota$1,665/YearNebraska$1,902/YearNew Hampshire$1,265/YearNew Jersey$1,902/YearNevada$2,060/YearNew York$1,870/YearOhio$1,417/YearOklahoma$2,138/YearOregon$1,678/YearPennsylvania$1,872/YearRhode Island$2,061/YearSouth Carolina$2,009/YearSouth Dakota$2,280/YearTennessee$1,677/YearTexas$2,043/YearUtah$1,825/YearVirginia$1,469/YearVermont$1,319/YearWashington$1,608/YearWisconsin$1,664/YearWest Virginia$2,005/YearWyoming$1,758/YearShow more Explore other insurance options in New-Mexico Non-owner car insurance in New Mexico Average renters insurance cost in New Mexico Average homeowners insurance cost in New Mexico Prachi SinghContributing Researcher . .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. In case you missed it Best Car Insurance Companies of 2024 Car insurance rates by state in 2024 What is full coverage car insurance? How much does car insurance cost for seniors in 2024? A complete guide to adding a teenager to your car insurance policy in 2024 What to do after a car accident that’s not your fault Total warfare: What to do when your auto insurer totals your car Car insurance claims: Who gets the claims check? Used car insurance costs: Most and least expensive models to insure The Best Car Insurance for Bad Credit of 2021 The best car insurance companies for speeding tickets Car insurance after a DUI Guide to car insurance discounts Proper insurance coverage for college-bound children How to read your auto insurance policy A complete list of car insurance companies New driver insurance grace period: What you need to know How much do insurance agents make? Autonomous cars: 5 delightful and 5 distressing things Busted! Part 1: How insurance companies spot bogus claims Insurance options for rideshare drivers 10 things that are illegal but shouldn’t be 1/1 On this page Average car insurance cost in New Mexico per monthCheapest 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 age of the driverMinimum 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