New Mexico Car Insurance

New Mexico car insurance costs $110/mo, or $1,331/yr on average, which is 6.8 percent less than the national average. New Mexico auto insurance laws require all drivers to carry liability coverage of 25/50/10. Car insurance companies licensed in New Mexico total around 100 so drivers have a wealth of auto insurers to choose from. Start comparing New Mexico car insurance quotes below for free with our online tool below.

UPDATED: Feb 16, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right cheap car insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare cheap car insurance quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Feb 16, 2024Fact Checked

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Tonya Sisler

Content Team Lead

Tonya Sisler has been a technical insurance writer for over five years. She uses her extensive insurance and finance knowledge to write informative articles that answer readers' top questions. Her mission is to provide readers with timely, accurate information that allows them to determine their insurance needs and choose the best coverage. Tonya currently leads a team of 10 insurance copywrite...

Content Team Lead

Brad Larsen

Licensed Auto Insurance Agent

Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...

Licensed Auto Insurance Agent

UPDATED: Feb 16, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right cheap car insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare cheap car insurance quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about car insurance. Our goal is to be an objective, third-party resource for everything car insurance-related. We update our site regularly, and all content is reviewed by car insurance experts.

UPDATED: Feb 16, 2024

Advertiser Disclosure

It’s all about you. We want to help you make the right cheap car insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare cheap car insurance quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

UPDATED: Feb 16, 2024Fact Checked

New Mexico car insurance laws require all drivers to carry liability auto insurance and average car insurance premiums are in the top 25% of America so car insurance comparison is crucial to finding the best policy for your unique profile.

What is Liability Insurance?

Liability insurance is coverage to pay for damage of other peoples property and/ injuries by accidents where you declared at-fault. What many people do not realize about liability insurance is that it provides no protection for damages to the insured. While New Mexico has higher than average mandatory car insurance requirements every driver should consider purchasing expended levels of coverage along with some form of insurance for their own vehicle. Comprehensive, collision and GAP insurance are the three most popular types of auto insurance which many drivers also obtain.

New Mexico Car Insurance Laws

All vehicles registered in New Mexico are required to have liability insurance. Current laws (2010) require an automobile insurance policy with minimum levels of liability insurance as follows:

  • $25,000 bodily injury liability per accident (single victim)
  • $50,000 combined liability insurance per accident (all damaged persons)
  • $10,000 of property damage liability

Car insurance laws are administered by the New Mexico DMV (known as the Division of Insurance in New Mexico) and they routinely advertise these minimum requirements as 25/50/10 which correspond to the amounts of coverage above.

Take a look at how state minimum car insurance rates vary from state to state.

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New Mexico Car Insurance Companies

Car insurance companies licensed in New Mexico total around 100 so drivers a wealth of auto insurers to choose from however finding the best car insurance rates will take a combination of knowledge and comparison shopping. Many of the national brands such as Progressive, Geico, Allstate and State Farm offer auto insurance in New Mexico but there are also many regional providers who also offer very affordable coverage. Most New Mexico drivers opt for a car insurance comparisons search online to find the best car insurance rates. Some of the things you should always consider when comparing New Mexico car insurance companies are

  • Types of Coverage
  • Policy Limits
  • Policy Exclusions
  • Eligible Discounts
  • Company Reputation
  • Claims Handling
  • Customer Service Hours

Let’s take a look at the average monthly car insurance rates.

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Let’s take a closer look at how ZIP codes affect car insurance in New Mexico.

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Age and gender will affect your car insurance. Younger drivers are often in a high risk class. See if the gender stereotype (males pay more) holds true in NM.

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Take a look at these 6 major factors affecting auto insurance rates in New Mexico.

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Who is the cheapest car insurance company in NM? Review the average auto insurance rates by company below:

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Who are the largest auto insurance companies in NM?

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Discover Car Insurance Costs Across New Mexico by City

Explore the diverse range of car insurance rates across different cities in New Mexico. From Carlsbad to Raton and Luna, delve into the comparative costs of car insurance in these locations. Whether you’re a resident seeking the best rates or simply intrigued by regional differences, start comparing rates now to find the most suitable option for you.

Car Insurance Cost in New Mexico by City
Carlsbad, NM
Luna, NM
Raton, NM

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Many variables go into choosing a car insurance company so try not to fall for funny advertisements or promises of cheap car insurance. Many times cheap car insurance quotes often come with reduced coverage and car insurance is most important when you need to file a claim. Try to find a balance between affordable premiums and company strength.

Get Started – Compare Car Insurance in New Mexico Today!

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Tonya Sisler

Content Team Lead

Tonya Sisler has been a technical insurance writer for over five years. She uses her extensive insurance and finance knowledge to write informative articles that answer readers' top questions. Her mission is to provide readers with timely, accurate information that allows them to determine their insurance needs and choose the best coverage. Tonya currently leads a team of 10 insurance copywrite...

Content Team Lead

Brad Larsen

Licensed Auto Insurance Agent

Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...

Licensed Auto Insurance Agent

Editorial Guidelines: We are a free online resource for anyone interested in learning more about car insurance. Our goal is to be an objective, third-party resource for everything car insurance-related. We update our site regularly, and all content is reviewed by car insurance experts.

Compare Cheap Car Insurance Quotes

Compare quotes from the top car insurance companies and save

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State Minimum Car Insurance Rates Nationwide
Average Monthly Car Insurance Rates by State
Monthly New Mexico Car Insurance Rates by ZIP Code
Average Monthly Car Insurance Rates by Age & Gender in New Mexico
Factors Affecting Car Insurance Rates in New Mexico
New Mexico Car Insurance Rates by Company vs. State Average
New Mexico Car Insurers by Market Share %
State Minimum Car Insurance Rates Nationwide
Average Monthly Car Insurance Rates by State
Monthly New Mexico Car Insurance Rates by ZIP Code
Average Monthly Car Insurance Rates by Age & Gender in New Mexico
Factors Affecting Car Insurance Rates in New Mexico
New Mexico Car Insurance Rates by Company vs. State Average
New Mexico Car Insurers by Market Share %