Average homeowners insurance cost in Las Cruces, NM

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In Las Cruces, homeowners pay an average annual rate of $1,894 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $688 less than the national average of $2,582.

Homeowners insurance rates change from one home to another. The home insurance premium in Las Cruces depends on various factors, such as:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Las Cruces, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Las Cruces.

Key takeaways

In Las Cruces, homeowners insurance costs $1,894 annually.
State Farm offers the most affordable homeowners insurance in Las Cruces with an average annual premium of $1,318.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $586 higher.

Average homeowners insurance cost in Las Cruces per month

Residents of Las Cruces pay an average of $158 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $62 less than the state average of $220 and $57 less than the national average for home insurance across the United States.

The cost of your homeowners insurance policy in Las Cruces may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Las Cruces

In Las Cruces, NM, homeowners pay an average of $1,308 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area.

Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. It is important to understand that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, it is advisable to purchase flood insurance.

Average homeowners insurance cost for a $300,000 house in Las Cruces

Based on a rate analysis conducted by Insure.com, Las Cruces residents pay an average of $1,894 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $586 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

Average homeowners insurance cost in Las Cruces by company

After evaluating several carriers, State Farm is the least expensive homeowners insurance provider in Las Cruces. It’s average annual rate for homeowners in Las Cruces is $1,318. Farmers holds the second position.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Las Cruces and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Las Cruces and their average annual premiums.

Home Insurance Company	Annual rate
State Farm	$1,318
Farmers	$2,182

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Las Cruces for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.