New Mexico Auto Insurance [Rates + Cheap Coverage Guide]

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New Mexico Statistics Summary 
Road Miles in State68,452
Vehicles registered1,866,108
Population2,095,428
Most Popular VehicleF150
Uninsured % / Underinsured %20%
Total Driving Related DeathsSpeeding: 141
DUI: 120
Full Coverage Average PremiumsLiability: $488.03
Collision: $276.98
Comprehensive: $172.57
Cheapest ProviderUSAA

Hola, y bienvenidos a Nuevo México! 

New Mexico, also known as “The Land of Enchantment”, has plenty of things to be enchanted by. This state is home to five national forests, 35 state parks, over 300 days of sunshine out of the 365 days a year, and harbors the fourth-longest river in the United States, the Rio Grande.

Don’t get so enchanted by the beauty of nature that you forget about one important topic: car insurance!

We have put together this guide, full of every piece of car insurance information: coverage and rates, car insurance providers, state laws, and lots, lots more.

Bake yourself some bizcochitos and settle in to find out anything and everything you’d want to know about car insurance in New Mexico.

Want to start comparing rates and saving money?

Start today with just your zip code.

Table of Contents

New Mexico Car Insurance Coverage and Rates

Are you the type who doesn’t like to eat their dessert before supper?

New Mexican cuisine is a unique blend of Native American and Spanish spices, as seen in recipes such as the carne adovada and stuffed sopapillas. 

Don’t go rushing off to make this food just yet!

First, let’s talk about the basic requirements of car insurance in New Mexico and what it will cost you.

– New Mexico Minimum Coverage

The Insurance Information Institute, or III, reports that New Mexico ranks third in the United States for the number of people not insured. While this number is lower than it was in 2006 (29.8 percent), this still equates to 20 percent of the entire state as of 2015!

Even though a law was passed on December 2, 2002, called the New Mexico Insurance Identification Database (IIDB) many still choose to drive without insurance. Full coverage in the state of New Mexico is cheap, totaling on average to about $937.59 a year. So why aren’t more people insured? Research into this question did not turn up any definite answers.

Please pay attention so you know all about insurance and why it is important to have.

At the minimum, you need liability insurance. Liability insurance covers you in the event you are in an accident and there is bodily injuries or property damage. It pays all the individuals involved.

New Mexico is what is called an at-fault state. This means that the person who was at fault in the accident is the one who has to pay for any damage or injuries sustained.

The mandatory minimum you must carry in New Mexico, according to New Mexico insurance law:

  • $25,000 for injuries to one person.
  • $50,000 for injuries to more than one person.
  • $10,000 for property damage.

This minimum liability coverage is known as 25/50/10.

Also important to know:  out-of-state coverage is acceptable in New Mexico, as long as it meets the minimum requirements of 25/50/10.

Experts recommend if at all possible to purchase more than the minimum amount for your state.

– Required Forms of Financial Responsibility in New Mexico

Financial responsibility is so important in New Mexico that they have made it mandatory, by law.

Otherwise known as the Mandatory Financial Responsibility Act (MFRA), New Mexico law states you must have the following to register your vehicle under the MFRA:

  • Application for Vehicle Title and Registration.
  • Proof of Insurance, with Vehicle ID Number.

That’s it!

Thereafter, your vehicle will be kept in an electronic database and tracked to ensure compliance with the MFRA.

If you choose to be non-compliant with the MFRA, the New Mexico Motor Vehicle Department (MVD) will give you 30 days to supply proof of insurance and financial responsibility. Once the 30 days has passed, you will have your registration suspended and have to pay a $30 reinstatement fee each time it lapses.

If you are caught driving without insurance in New Mexico, you will face a $100 fine!

Long story short:  it’s better to have insurance than to drive without it.

– Premiums as Percentage of Income in New Mexico

First off, you will want to know what the term disposable personal income means.

That is the amount you have left to spend after you have taken care of your necessary expenses and after taxes have been paid.

Over the course of three years, from 2012 to 2014, the disposable income in New Mexico has had minimal ups and downs but has stayed in the range between $31,000 to $33,000. As compared to the other states in what is known as the Four Corners (New Mexico, Colorado, Utah, and Arizona), Colorado has the highest disposable income (ranging up to $44,000), where Arizona and Utah are about the same as New Mexico.

 

Free Online Calculator

American Consumer Credit Counseling suggests saving 20 percent of every paycheck. Use the calculator above to find out how much DPI you would have each month, and then times that amount by 20 percent to know how much you would need to save each month.

– Core Car Insurance Coverage in New Mexico

Core Car Insurance Coverage in New Mexico 
Liability$488.03
Collision$276.98
Comprehensive$172.57
Full Coverage$937.59

The above table illustrates the most recent data provided by the National Association of Insurance Commissioners as of 2015. Rates in 2019 will be a bit higher.

Don’t forget:  New Mexico has minimum requirements for liability coverage, but experts suggest drivers purchase more than what the state law requires, especially when the state is an “at-fault” state like New Mexico.

– Additional Liability Coverage in New Mexico

The data from the table below is from the National Association of Insurance Commissioners and spans the course of three years (from 2012-2014).

Additional Liability Coverage in New Mexico - Loss Ratios201220132014
Medical Pay (Med Pay)72%77%73%
Uninsured/Underinsured Motorist Coverage79%71%67%

A loss ratio means that a company is paying out a certain percentage of claims. Over 100 percent and the company is losing money. Too low, and the company isn’t paying claims.

Uninsured and underinsured motorist coverage is optional in New Mexico, as is Medical Pay (Med Pay). And for the coverage being optional the loss ratio is high, meaning insurance companies in New Mexico pay a decent amount of claims.

New Mexico, remember, is third in the nation for people not being insured. About 20 percent of the state does not carry auto insurance!

Remember:  If you can afford more insurance, carrying more than the mandatory minimum requirement is recommended.

– Car Insurance Coverage in Mexico

If you wish to drive across the border, know that U.S. car insurance is not valid in Mexico. The U.S. State Department recommends that if you are traveling to Mexico, that you buy a policy that will protect you in the event you are in an accident in Mexico and are found to be at fault.

On January 1, 2019, Mexico made it law that ” all vehicles traveling on federal highways have a minimum of third party liability insurance coverage.”

– Add-ons, Endorsements, and Riders

Getting complete coverage at an affordable price is your main goal when it comes to car insurance, right?

Good news: there are lots of powerful but cheap extras you can add to your policy.

Here’s a list of useful coverage available to you in New Mexico:

– New Mexico Motor Vehicle Insurance Plan (NMMVIP)

The New Mexico Motor Vehicle Insurance Plan, or NMMVIP, helps provide insurance to drivers who cannot get it through the usual channels (especially if they are considered a high-risk driver). NMMVIP is not an insurance company, but it is a way that you can receive insurance if you are having trouble finding it on your own.

And while the NMMVIP helps you if you are having trouble finding auto insurance, what might not sound so attractive are the unfair prices in terms of car insurance.

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– Male vs. Female Annual Car Insurance Rates in New Mexico

The chart below shows the states where women and men pay more for car insurance. When it comes to the states in blue, men pay more for car insurance in those states. New Mexico is one of those states, though it depends on your marital status. For instance, a single 25-year-old male will pay more for car insurance than a married 35-year-old male.

For a more detailed breakdown, see the table below:

CompanyMarried 35-year old femaleMarried 35-year old maleMarried 60-year old femaleMarried 60-year old maleSingle 17-year old femaleSingle 17-year old maleSingle 25-year old femaleSingle 25-year old male
Allstate F&C$2,516.34$2,528.61$2,298.09$2,418.45$8,382.58$9,698.44$2,795.93$2,965.82
Farmers Ins Co Of AZ$2,404.81$2,396.01$2,152.83$2,295.21$9,750.62$10,025.51$2,703.37$2,790.84
Geico General$2,776.17$2,853.11$2,612.63$2,612.63$7,978.18$10,952.99$2,924.53$2,950.75
AMCO Insurance$2,405.85$2,446.69$2,185.49$2,293.80$5,818.94$7,338.72$2,714.96$2,908.12
Progressive Direct$1,666.84$1,613.98$1,510.13$1,515.71$6,833.07$7,700.89$2,017.17$2,087.52
State Farm Mutual Auto$1,523.13$1,523.13$1,383.93$1,383.93$4,131.10$5,189.28$1,704.41$1,881.32
USAA$1,530.57$1,520.66$1,459.73$1,455.56$3,987.84$4,506.45$1,891.06$2,025.18

– New Mexico Car Insurance Rates by Zip Code

ZipcodeAverageZipcodeAverage
87001$3,732.9987121$4,364.29
87002$3,949.5887105$4,275.84
87004$3,813.9287102$4,184.38
87005$3,358.1887108$4,166.27
87006$3,576.8387022$4,154.37
87007$3,535.1687101$4,134.80
87008$3,979.4887115$4,078.29
87009$3,593.1887123$4,048.65
87010$3,631.5787112$4,021.69
87011$3,346.8087117$4,013.99
87012$3,725.4587104$4,013.24
87013$3,520.1287059$4,002.49
87014$3,452.8487107$3,999.83
87015$3,798.7287116$3,997.82
87016$3,606.6987106$3,997.74
87017$3,752.1887110$3,991.63
87018$3,523.2187122$3,988.31
87020$3,305.5987111$3,987.13
87021$3,355.4587008$3,979.48
87022$4,154.3787109$3,972.16
87023$3,664.2187131$3,964.89
87024$3,607.6487113$3,958.74
87025$3,601.0487002$3,949.58
87026$3,502.8887120$3,927.06
87027$3,564.2887068$3,922.38
87028$3,411.1587042$3,919.14
87029$3,627.6687031$3,893.50
87031$3,893.5087047$3,888.99
87034$3,374.6087114$3,865.66
87035$3,580.8487048$3,852.73
87036$3,525.9787004$3,813.92
87037$3,287.0187144$3,799.75
87038$3,502.6687015$3,798.72
87040$3,506.5787017$3,752.18
87041$3,647.7087043$3,751.22
87042$3,919.1487551$3,750.61
87043$3,751.2287124$3,742.33
87044$3,657.7687001$3,732.99
87045$3,340.2987012$3,725.45
87046$3,548.4787510$3,724.57
87047$3,888.9987508$3,716.45
87048$3,852.7387520$3,711.69
87049$3,401.3287506$3,711.43
87051$3,410.1787530$3,710.81
87052$3,663.3487531$3,710.66
87053$3,645.4387514$3,710.61
87056$3,633.9887072$3,709.52
87059$4,002.4987582$3,706.27
87061$3,520.9087527$3,705.56
87062$3,439.6587539$3,705.41
87063$3,537.9187581$3,702.24
87064$3,693.6687575$3,702.21
87068$3,922.3887548$3,701.31
87070$3,444.1187579$3,697.76
87072$3,709.5287511$3,696.89
87083$3,573.0487522$3,696.42
87101$4,134.8087537$3,694.94
87102$4,184.3887517$3,693.92
87104$4,013.2487064$3,693.66
87105$4,275.8487515$3,693.66
87106$3,997.7487516$3,693.66
87107$3,999.8387518$3,693.66
87108$4,166.2787529$3,692.25
87109$3,972.1687557$3,691.42
87110$3,991.6387571$3,688.03
87111$3,987.1387554$3,687.74
87112$4,021.6987576$3,687.14
87113$3,958.7487577$3,687.14
87114$3,865.6687525$3,681.62
87115$4,078.2987556$3,674.41
87116$3,997.8287549$3,672.76
87117$4,013.9987543$3,672.19
87120$3,927.0687521$3,670.38
87121$4,364.2987528$3,670.23
87122$3,988.3187535$3,669.52
87123$4,048.6587566$3,667.66
87124$3,742.3387507$3,666.97
87131$3,964.8987532$3,666.58
87144$3,799.7587567$3,666.53
87301$3,299.4687023$3,664.21
87305$3,306.4987578$3,663.47
87310$3,343.1587052$3,663.34
87311$3,363.7287044$3,657.76
87312$3,308.5987553$3,657.08
87313$3,338.4487501$3,656.08
87315$3,337.9387574$3,650.42
87316$3,362.5787041$3,647.70
87317$3,357.1087053$3,645.43
87319$3,366.0687580$3,645.09
87320$3,340.7287524$3,638.73
87321$3,340.2587564$3,637.87
87322$3,366.7287056$3,633.98
87323$3,363.4487558$3,633.30
87325$3,376.3287519$3,632.43
87326$3,363.4387505$3,631.62
87327$3,297.9387010$3,631.57
87328$3,374.1987512$3,629.09
87347$3,371.3987029$3,627.66
87357$3,376.7087024$3,607.64
87364$3,335.3087016$3,606.69
87365$3,399.2287540$3,605.26
87375$3,363.9587025$3,601.04
87401$3,231.1587009$3,593.18
87402$3,274.8887035$3,580.84
87410$3,279.5888240$3,577.38
87412$3,290.2187006$3,576.83
87413$3,288.5187083$3,573.04
87415$3,245.7687027$3,564.28
87416$3,286.2088230$3,554.80
87417$3,267.8987046$3,548.47
87418$3,277.8987063$3,537.91
87419$3,309.4588232$3,536.09
87420$3,276.3688256$3,535.19
87421$3,256.3287007$3,535.16
87455$3,346.9788264$3,533.93
87461$3,342.7788220$3,532.36
87501$3,656.0887573$3,532.07
87505$3,631.6288242$3,531.05
87506$3,711.4387538$3,529.15
87507$3,666.9787036$3,525.97
87508$3,716.4588253$3,524.49
87510$3,724.5787018$3,523.21
87511$3,696.8988260$3,521.66
87512$3,629.0987061$3,520.90
87514$3,710.6187013$3,520.12
87515$3,693.6688201$3,519.88
87516$3,693.6688262$3,517.08
87517$3,693.9287715$3,515.84
87518$3,693.6688265$3,515.75
87519$3,632.4388424$3,515.52
87520$3,711.6988254$3,508.61
87521$3,670.3887713$3,507.60
87522$3,696.4288255$3,507.60
87524$3,638.7387710$3,506.61
87525$3,681.6287040$3,506.57
87527$3,705.5688203$3,506.26
87528$3,670.2388231$3,504.75
87529$3,692.2588263$3,504.43
87530$3,710.8188268$3,504.43
87531$3,710.6687026$3,502.88
87532$3,666.5887038$3,502.66
87535$3,669.5287714$3,501.22
87537$3,694.9488439$3,499.53
87538$3,529.1587732$3,497.38
87539$3,705.4188418$3,496.57
87540$3,605.2687552$3,496.36
87543$3,672.1987562$3,494.87
87544$3,352.4687569$3,494.87
87547$3,359.9187749$3,494.53
87548$3,701.3187729$3,493.43
87549$3,672.7688422$3,489.24
87551$3,750.6188213$3,486.50
87552$3,496.3687711$3,486.21
87553$3,657.0888419$3,478.48
87554$3,687.7488252$3,478.11
87556$3,674.4188267$3,475.02
87557$3,691.4288436$3,474.93
87558$3,633.3087723$3,470.06
87560$3,469.1887560$3,469.18
87562$3,494.8788415$3,469.12
87564$3,637.8787736$3,466.92
87565$3,439.4788430$3,464.99
87566$3,667.6687712$3,462.47
87567$3,666.5387728$3,462.20
87569$3,494.8787724$3,457.51
87571$3,688.0387742$3,456.82
87573$3,532.0788410$3,456.70
87574$3,650.4288433$3,455.36
87575$3,702.2187731$3,454.92
87576$3,687.1487730$3,454.78
87577$3,687.1487747$3,453.90
87578$3,663.4787014$3,452.84
87579$3,697.7688114$3,452.13
87580$3,645.0987746$3,450.19
87581$3,702.2487701$3,450.08
87582$3,706.2788134$3,448.70
87701$3,450.0887735$3,448.47
87710$3,506.6188421$3,447.45
87711$3,486.2187743$3,445.89
87712$3,462.4787733$3,445.46
87713$3,507.6087070$3,444.11
87714$3,501.2288123$3,442.86
87715$3,515.8487722$3,440.41
87718$3,429.7288210$3,440.01
87722$3,440.4187062$3,439.65
87723$3,470.0687565$3,439.47
87724$3,457.5188122$3,437.11
87728$3,462.2088431$3,436.99
87729$3,493.4388427$3,436.72
87730$3,454.7888136$3,434.49
87731$3,454.9287750$3,433.71
87732$3,497.3887753$3,433.01
87733$3,445.4688435$3,431.92
87734$3,425.9387718$3,429.72
87735$3,448.4788321$3,427.42
87736$3,466.9287745$3,426.37
87740$3,417.7787734$3,425.93
87742$3,456.8288414$3,425.42
87743$3,445.8988426$3,419.96
87745$3,426.3787752$3,419.45
87746$3,450.1987740$3,417.77
87747$3,453.9088126$3,417.29
87749$3,494.5388417$3,414.14
87750$3,433.7187028$3,411.15
87752$3,419.4588125$3,410.51
87753$3,433.0187051$3,410.17
87801$3,319.2088121$3,406.79
87820$3,213.5088434$3,404.02
87821$3,244.8888401$3,402.41
87823$3,402.3087823$3,402.30
87824$3,204.1088119$3,401.83
87825$3,298.1287049$3,401.32
87827$3,289.3788416$3,401.14
87828$3,338.4288343$3,400.16
87829$3,250.9087365$3,399.22
87830$3,219.7588411$3,395.42
87831$3,381.1388133$3,393.89
87832$3,255.2188124$3,393.52
87901$3,109.6588113$3,388.51
87930$3,173.2088135$3,385.34
87931$3,151.4288318$3,381.31
87933$3,214.8587831$3,381.13
87935$3,149.9988118$3,379.69
87936$3,080.4887357$3,376.70
87937$3,118.3387325$3,376.32
87939$3,154.5887034$3,374.60
87940$3,165.2987328$3,374.19
87941$3,064.7387347$3,371.39
87942$3,126.7987322$3,366.72
87943$3,184.6587319$3,366.06
88001$3,113.4587375$3,363.95
88002$3,142.1387311$3,363.72
88003$3,134.2787323$3,363.44
88005$3,119.8987326$3,363.43
88007$3,139.3987316$3,362.57
88008$3,199.1087547$3,359.91
88009$3,139.1987005$3,358.18
88011$3,102.0887317$3,357.10
88012$3,083.0387021$3,355.45
88020$3,091.2788120$3,354.00
88021$3,166.1687544$3,352.46
88022$3,136.1588112$3,352.14
88023$3,105.9788132$3,349.46
88024$3,225.0787455$3,346.97
88025$3,111.0087011$3,346.80
88026$3,092.4488116$3,343.47
88028$3,173.9888250$3,343.26
88029$3,137.5187310$3,343.15
88030$3,064.1487461$3,342.77
88032$3,161.7987320$3,340.72
88034$3,150.3287045$3,340.29
88036$3,167.2087321$3,340.25
88038$3,164.0187313$3,338.44
88039$3,173.6887828$3,338.42
88040$3,128.6087315$3,337.93
88041$3,107.0287364$3,335.30
88042$3,127.4688101$3,328.33
88043$3,102.0487801$3,319.20
88044$3,120.1388350$3,312.94
88045$3,080.4287419$3,309.45
88047$3,131.7287312$3,308.59
88048$3,129.5387305$3,306.49
88049$3,122.2987020$3,305.59
88051$3,164.3188130$3,305.22
88052$3,170.5888351$3,300.97
88055$3,171.0987301$3,299.46
88056$3,139.1987825$3,298.12
88061$3,096.7387327$3,297.93
88063$3,188.9888324$3,292.85
88072$3,136.8188338$3,290.95
88081$3,211.1387412$3,290.21
88101$3,328.3387827$3,289.37
88112$3,352.1487413$3,288.51
88113$3,388.5187037$3,287.01
88114$3,452.1387416$3,286.20
88116$3,343.4788346$3,284.31
88118$3,379.6988336$3,280.77
88119$3,401.8387410$3,279.58
88120$3,354.0087418$3,277.89
88121$3,406.7987420$3,276.36
88122$3,437.1187402$3,274.88
88123$3,442.8687417$3,267.89
88124$3,393.5288342$3,263.06
88125$3,410.5187421$3,256.32
88126$3,417.2987832$3,255.21
88130$3,305.2288349$3,252.14
88132$3,349.4687829$3,250.90
88133$3,393.8988325$3,250.56
88134$3,448.7088348$3,250.17
88135$3,385.3488345$3,249.71
88136$3,434.4988323$3,249.33
88201$3,519.8887415$3,245.76
88203$3,506.2687821$3,244.88
88210$3,440.0188312$3,244.31
88213$3,486.5088341$3,240.99
88220$3,532.3687401$3,231.15
88230$3,554.8088316$3,228.63
88231$3,504.7588024$3,225.07
88232$3,536.0988301$3,220.80
88240$3,577.3887830$3,219.75
88242$3,531.0587933$3,214.85
88250$3,343.2688339$3,214.75
88252$3,478.1187820$3,213.50
88253$3,524.4988081$3,211.13
88254$3,508.6188340$3,207.96
88255$3,507.6087824$3,204.10
88256$3,535.1988008$3,199.10
88260$3,521.6688063$3,188.98
88262$3,517.0887943$3,184.65
88263$3,504.4388344$3,177.56
88264$3,533.9388347$3,175.44
88265$3,515.7588028$3,173.98
88267$3,475.0288039$3,173.68
88268$3,504.4387930$3,173.20
88301$3,220.8088055$3,171.09
88310$2,948.8988052$3,170.58
88312$3,244.3188036$3,167.20
88314$3,085.7888021$3,166.16
88316$3,228.6387940$3,165.29
88317$3,153.4588051$3,164.31
88318$3,381.3188038$3,164.01
88321$3,427.4288354$3,162.74
88323$3,249.3388032$3,161.79
88324$3,292.8587939$3,154.58
88325$3,250.5688317$3,153.45
88330$2,963.7387931$3,151.42
88336$3,280.7788034$3,150.32
88337$3,082.9187935$3,149.99
88338$3,290.9588002$3,142.13
88339$3,214.7588007$3,139.39
88340$3,207.9688009$3,139.19
88341$3,240.9988056$3,139.19
88342$3,263.0688029$3,137.51
88343$3,400.1688072$3,136.81
88344$3,177.5688022$3,136.15
88345$3,249.7188003$3,134.27
88346$3,284.3188047$3,131.72
88347$3,175.4488048$3,129.53
88348$3,250.1788040$3,128.60
88349$3,252.1488042$3,127.46
88350$3,312.9487942$3,126.79
88351$3,300.9788049$3,122.29
88352$3,055.3788044$3,120.13
88354$3,162.7488005$3,119.89
88401$3,402.4187937$3,118.33
88410$3,456.7088001$3,113.45
88411$3,395.4288025$3,111.00
88414$3,425.4287901$3,109.65
88415$3,469.1288041$3,107.02
88416$3,401.1488023$3,105.97
88417$3,414.1488011$3,102.08
88418$3,496.5788043$3,102.04
88419$3,478.4888061$3,096.73
88421$3,447.4588026$3,092.44
88422$3,489.2488020$3,091.27
88424$3,515.5288314$3,085.78
88426$3,419.9688012$3,083.03
88427$3,436.7288337$3,082.91
88430$3,464.9987936$3,080.48
88431$3,436.9988045$3,080.42
88433$3,455.3687941$3,064.73
88434$3,404.0288030$3,064.14
88435$3,431.9288352$3,055.37
88436$3,474.9388330$2,963.73
88439$3,499.5388310$2,948.89

Use the search feature in the table to search for your zip code!

– New Mexico Car Insurance Rates by City

CityZipcodeAverageZipcodeAverage
ALBUQUERQUE87001$3,732.9987121$4,364.29
ALBUQUERQUE87002$3,949.5887105$4,275.84
ALBUQUERQUE87004$3,813.9287102$4,184.38
ALBUQUERQUE87005$3,358.1887108$4,166.27
ISLETA87006$3,576.8387022$4,154.37
ALBUQUERQUE87007$3,535.1687101$4,134.80
ALBUQUERQUE87008$3,979.4887115$4,078.29
ALBUQUERQUE87009$3,593.1887123$4,048.65
ALBUQUERQUE87010$3,631.5787112$4,021.69
KIRTLAND AFB87011$3,346.8087117$4,013.99
ALBUQUERQUE87012$3,725.4587104$4,013.24
TIJERAS87013$3,520.1287059$4,002.49
ALBUQUERQUE87014$3,452.8487107$3,999.83
ALBUQUERQUE87015$3,798.7287116$3,997.82
ALBUQUERQUE87016$3,606.6987106$3,997.74
ALBUQUERQUE87017$3,752.1887110$3,991.63
ALBUQUERQUE87018$3,523.2187122$3,988.31
ALBUQUERQUE87020$3,305.5987111$3,987.13
CEDAR CREST87021$3,355.4587008$3,979.48
ALBUQUERQUE87022$4,154.3787109$3,972.16
ALBUQUERQUE87023$3,664.2187131$3,964.89
ALBUQUERQUE87024$3,607.6487113$3,958.74
BELEN87025$3,601.0487002$3,949.58
ALBUQUERQUE87026$3,502.8887120$3,927.06
BOSQUE FARMS87027$3,564.2887068$3,922.38
PERALTA87028$3,411.1587042$3,919.14
LOS LUNAS87029$3,627.6687031$3,893.50
SANDIA PARK87031$3,893.5087047$3,888.99
ALBUQUERQUE87034$3,374.6087114$3,865.66
CORRALES87035$3,580.8487048$3,852.73
BERNALILLO87036$3,525.9787004$3,813.92
RIO RANCHO87037$3,287.0187144$3,799.75
EDGEWOOD87038$3,502.6687015$3,798.72
GALLINA87040$3,506.5787017$3,752.18
PLACITAS87041$3,647.7087043$3,751.22
LOS OJOS87042$3,919.1487551$3,750.61
RIO RANCHO87043$3,751.2287124$3,742.33
ALGODONES87044$3,657.7687001$3,732.99
COYOTE87045$3,340.2987012$3,725.45
ABIQUIU87046$3,548.4787510$3,724.57
SANTA FE87047$3,888.9987508$3,716.45
CHAMA87048$3,852.7387520$3,711.69
SANTA FE87049$3,401.3287506$3,711.43
EL RITO87051$3,410.1787530$3,710.81
EMBUDO87052$3,663.3487531$3,710.66
ARROYO SECO87053$3,645.4387514$3,710.61
COCHITI PUEBLO87056$3,633.9887072$3,709.52
VELARDE87059$4,002.4987582$3,706.27
DIXON87061$3,520.9087527$3,705.56
LA MADERA87062$3,439.6587539$3,705.41
VALLECITOS87063$3,537.9187581$3,702.24
TIERRA AMARILLA87064$3,693.6687575$3,702.21
MEDANALES87068$3,922.3887548$3,701.31
VADITO87070$3,444.1187579$3,697.76
ALCALDE87072$3,709.5287511$3,696.89
CHIMAYO87083$3,573.0487522$3,696.42
HERNANDEZ87101$4,134.8087537$3,694.94
CARSON87102$4,184.3887517$3,693.92
YOUNGSVILLE87104$4,013.2487064$3,693.66
CANJILON87105$4,275.8487515$3,693.66
CANONES87106$3,997.7487516$3,693.66
CEBOLLA87107$3,999.8387518$3,693.66
EL PRADO87108$4,166.2787529$3,692.25
RANCHOS DE TAOS87109$3,972.1687557$3,691.42
TAOS87110$3,991.6387571$3,688.03
PETACA87111$3,987.1387554$3,687.74
TRAMPAS87112$4,021.6987576$3,687.14
TRES PIEDRAS87113$3,958.7487577$3,687.14
TAOS SKI VALLEY87114$3,865.6687525$3,681.62
QUESTA87115$4,078.2987556$3,674.41
OJO CALIENTE87116$3,997.8287549$3,672.76
LLANO87117$4,013.9987543$3,672.19
CHAMISAL87120$3,927.0687521$3,670.38
DULCE87121$4,364.2987528$3,670.23
GLORIETA87122$3,988.3187535$3,669.52
OHKAY OWINGEH87123$4,048.6587566$3,667.66
SANTA FE87124$3,742.3387507$3,666.97
ESPANOLA87131$3,964.8987532$3,666.58
SANTA CRUZ87144$3,799.7587567$3,666.53
JARALES87301$3,299.4687023$3,664.21
TRUCHAS87305$3,306.4987578$3,663.47
SANTO DOMINGO PUEBLO87310$3,343.1587052$3,663.34
PONDEROSA87311$3,363.7287044$3,657.76
PENASCO87312$3,308.5987553$3,657.08
SANTA FE87313$3,338.4487501$3,656.08
TESUQUE87315$3,337.9387574$3,650.42
PENA BLANCA87316$3,362.5787041$3,647.70
SAN YSIDRO87317$3,357.1087053$3,645.43
VALDEZ87319$3,366.0687580$3,645.09
COSTILLA87320$3,340.7287524$3,638.73
SAN CRISTOBAL87321$3,340.2587564$3,637.87
STANLEY87322$3,366.7287056$3,633.98
RED RIVER87323$3,363.4487558$3,633.30
CERRO87325$3,376.3287519$3,632.43
SANTA FE87326$3,363.4387505$3,631.62
CERRILLOS87327$3,297.9387010$3,631.57
AMALIA87328$3,374.1987512$3,629.09
LINDRITH87347$3,371.3987029$3,627.66
JEMEZ PUEBLO87357$3,376.7087024$3,607.64
ESTANCIA87364$3,335.3087016$3,606.69
LAMY87365$3,399.2287540$3,605.26
JEMEZ SPRINGS87375$3,363.9587025$3,601.04
CEDARVALE87401$3,231.1587009$3,593.18
MORIARTY87402$3,274.8887035$3,580.84
HOBBS87410$3,279.5888240$3,577.38
BOSQUE87412$3,290.2187006$3,576.83
COCHITI LAKE87413$3,288.5187083$3,573.04
LA JARA87415$3,245.7687027$3,564.28
DEXTER87416$3,286.2088230$3,554.80
REGINA87417$3,267.8987046$3,548.47
WILLARD87418$3,277.8987063$3,537.91
HAGERMAN87419$3,309.4588232$3,536.09
LOVING87420$3,276.3688256$3,535.19
CASA BLANCA87421$3,256.3287007$3,535.16
MALJAMAR87455$3,346.9788264$3,533.93
CARLSBAD87461$3,342.7788220$3,532.36
TERERRO87501$3,656.0887573$3,532.07
HOBBS87505$3,631.6288242$3,531.05
ILFELD87506$3,711.4387538$3,529.15
MOUNTAINAIR87507$3,666.9787036$3,525.97
LAKE ARTHUR87508$3,716.4588253$3,524.49
COUNSELOR87510$3,724.5787018$3,523.21
LOVINGTON87511$3,696.8988260$3,521.66
TORREON87512$3,629.0987061$3,520.90
CUBA87514$3,710.6187013$3,520.12
ROSWELL87515$3,693.6688201$3,519.88
MCDONALD87516$3,693.6688262$3,517.08
CLEVELAND87517$3,693.9287715$3,515.84
MONUMENT87518$3,693.6688265$3,515.75
GRENVILLE87519$3,632.4388424$3,515.52
LAKEWOOD87520$3,711.6988254$3,508.61
CHACON87521$3,670.3887713$3,507.60
LOCO HILLS87522$3,696.4288255$3,507.60
ANGEL FIRE87524$3,638.7387710$3,506.61
PAGUATE87525$3,681.6287040$3,506.57
ROSWELL87527$3,705.5688203$3,506.26
EUNICE87528$3,670.2388231$3,504.75
MALAGA87529$3,692.2588263$3,504.43
WHITES CITY87530$3,710.8188268$3,504.43
LAGUNA87531$3,710.6687026$3,502.88
NEW LAGUNA87532$3,666.5887038$3,502.66
CIMARRON87535$3,669.5287714$3,501.22
TREMENTINA87537$3,694.9488439$3,499.53
MORA87538$3,529.1587732$3,497.38
DES MOINES87539$3,705.4188418$3,496.57
PECOS87540$3,605.2687552$3,496.36
ROWE87543$3,672.1987562$3,494.87
SERAFINA87544$3,352.4687569$3,494.87
UTE PARK87547$3,359.9187749$3,494.53
MIAMI87548$3,701.3187729$3,493.43
GLADSTONE87549$3,672.7688422$3,489.24
CAPROCK87551$3,750.6188213$3,486.50
ANTON CHICO87552$3,496.3687711$3,486.21
FOLSOM87553$3,657.0888419$3,478.48
JAL87554$3,687.7488252$3,478.11
TATUM87556$3,674.4188267$3,475.02
SEDAN87557$3,691.4288436$3,474.93
HOLMAN87558$3,633.3087723$3,470.06
RIBERA87560$3,469.1887560$3,469.18
CLAYTON87562$3,494.8788415$3,469.12
RAINSVILLE87564$3,637.8787736$3,466.92
NARA VISA87565$3,439.4788430$3,464.99
BUENA VISTA87566$3,667.6687712$3,462.47
MAXWELL87567$3,666.5387728$3,462.20
LA LOMA87569$3,494.8787724$3,457.51
ROCIADA87571$3,688.0387742$3,456.82
AMISTAD87573$3,532.0788410$3,456.70
QUAY87574$3,650.4288433$3,455.36
MONTEZUMA87575$3,702.2187731$3,454.92
MILLS87576$3,687.1487730$3,454.78
SPRINGER87577$3,687.1487747$3,453.90
CUBERO87578$3,663.4787014$3,452.84
CROSSROADS87579$3,697.7688114$3,452.13
SOLANO87580$3,645.0987746$3,450.19
LAS VEGAS87581$3,702.2487701$3,450.08
TAIBAN87582$3,706.2788134$3,448.70
OJO FELIZ87701$3,450.0887735$3,448.47
GARITA87710$3,506.6188421$3,447.45
ROY87711$3,486.2187743$3,445.89
MOSQUERO87712$3,462.4787733$3,445.46
CLINES CORNERS87713$3,507.6087070$3,444.11
LINGO87714$3,501.2288123$3,442.86
GUADALUPITA87715$3,515.8487722$3,440.41
ARTESIA87718$3,429.7288210$3,440.01
VEGUITA87722$3,440.4187062$3,439.65
SAN JOSE87723$3,470.0687565$3,439.47
KENNA87724$3,457.5188122$3,437.11
NEWKIRK87728$3,462.2088431$3,436.99
MCALISTER87729$3,493.4388427$3,436.72
YESO87730$3,454.7888136$3,434.49
VALMORA87731$3,454.9287750$3,433.71
WATROUS87732$3,497.3887753$3,433.01
SANTA ROSA87733$3,445.4688435$3,431.92
EAGLE NEST87734$3,425.9387718$3,429.72
ENCINO87735$3,448.4788321$3,427.42
SAPELLO87736$3,466.9287745$3,426.37
OCATE87740$3,417.7787734$3,425.93
CAPULIN87742$3,456.8288414$3,425.42
LOGAN87743$3,445.8988426$3,419.96
WAGON MOUND87745$3,426.3787752$3,419.45
RATON87746$3,450.1987740$3,417.77
PEP87747$3,453.9088126$3,417.29
CUERVO87749$3,494.5388417$3,414.14
LA JOYA87750$3,433.7187028$3,411.15
MILNESAND87752$3,419.4588125$3,410.51
SAN RAFAEL87753$3,433.0187051$3,410.17
HOUSE87801$3,319.2088121$3,406.79
SAN JON87820$3,213.5088434$3,404.02
TUCUMCARI87821$3,244.8888401$3,402.41
LEMITAR87823$3,402.3087823$3,402.30
FORT SUMNER87824$3,204.1088119$3,401.83
SAN FIDEL87825$3,298.1287049$3,401.32
CONCHAS DAM87827$3,289.3788416$3,401.14
PICACHO87828$3,338.4288343$3,400.16
SMITH LAKE87829$3,250.9087365$3,399.22
BARD87830$3,219.7588411$3,395.42
SAINT VRAIN87831$3,381.1388133$3,393.89
MELROSE87832$3,255.2188124$3,393.52
CAUSEY87901$3,109.6588113$3,388.51
TEXICO87930$3,173.2088135$3,385.34
CORONA87931$3,151.4288318$3,381.31
SAN ACACIA87933$3,214.8587831$3,381.13
FLOYD87935$3,149.9988118$3,379.69
PINEHILL87936$3,080.4887357$3,376.70
TOHATCHI87937$3,118.3387325$3,376.32
PUEBLO OF ACOMA87939$3,154.5887034$3,374.60
NAVAJO87940$3,165.2987328$3,374.19
JAMESTOWN87941$3,064.7387347$3,371.39
REHOBOTH87942$3,126.7987322$3,366.72
MENTMORE87943$3,184.6587319$3,366.06
YATAHEY88001$3,113.4587375$3,363.95
CHURCH ROCK88002$3,142.1387311$3,363.72
THOREAU88003$3,134.2787323$3,363.44
VANDERWAGEN88005$3,119.8987326$3,363.43
FORT WINGATE88007$3,139.3987316$3,362.57
#N/A88008$3,199.1087547$3,359.91
BLUEWATER88009$3,139.1987005$3,358.18
GAMERCO88011$3,102.0887317$3,357.10
MILAN88012$3,083.0387021$3,355.45
GRADY88020$3,091.2788120$3,354.00
LOS ALAMOS88021$3,166.1687544$3,352.46
BROADVIEW88022$3,136.1588112$3,352.14
ROGERS88023$3,105.9788132$3,349.46
NEWCOMB88024$3,225.0787455$3,346.97
CLAUNCH88025$3,111.0087011$3,346.80
ELIDA88026$3,092.4488116$3,343.47
HOPE88028$3,173.9888250$3,343.26
BRIMHALL88029$3,137.5187310$3,343.15
SANOSTEE88030$3,064.1487461$3,342.77
MEXICAN SPRINGS88032$3,161.7987320$3,340.72
PREWITT88034$3,150.3287045$3,340.29
RAMAH88036$3,167.2087321$3,340.25
CROWNPOINT88038$3,164.0187313$3,338.44
POLVADERA88039$3,173.6887828$3,338.42
FENCE LAKE88040$3,128.6087315$3,337.93
SHEEP SPRINGS88041$3,107.0287364$3,335.30
CLOVIS88042$3,127.4688101$3,328.33
SOCORRO88043$3,102.0487801$3,319.20
TIMBERON88044$3,120.1388350$3,312.94
NAVAJO DAM88045$3,080.4287419$3,309.45
CONTINENTAL DIVIDE88047$3,131.7287312$3,308.59
GALLUP88048$3,129.5387305$3,306.49
GRANTS88049$3,122.2987020$3,305.59
PORTALES88051$3,164.3188130$3,305.22
TINNIE88052$3,170.5888351$3,300.97
GALLUP88055$3,171.0987301$3,299.46
MAGDALENA88056$3,139.1987825$3,298.12
ZUNI88061$3,096.7387327$3,297.93
GLENCOE88063$3,188.9888324$3,292.85
LINCOLN88072$3,136.8188338$3,290.95
BLANCO88081$3,211.1387412$3,290.21
PIE TOWN88101$3,328.3387827$3,289.37
BLOOMFIELD88112$3,352.1487413$3,288.51
NAGEEZI88113$3,388.5187037$3,287.01
FRUITLAND88114$3,452.1387416$3,286.20
RUIDOSO DOWNS88116$3,343.4788346$3,284.31
HONDO88118$3,379.6988336$3,280.77
AZTEC88119$3,401.8387410$3,279.58
LA PLATA88120$3,354.0087418$3,277.89
SHIPROCK88121$3,406.7987420$3,276.36
FARMINGTON88122$3,437.1187402$3,274.88
KIRTLAND88123$3,442.8687417$3,267.89
OROGRANDE88124$3,393.5288342$3,263.06
WATERFLOW88125$3,410.5187421$3,256.32
SAN ANTONIO88126$3,417.2987832$3,255.21
SUNSPOT88130$3,305.2288349$3,252.14
QUEMADO88132$3,349.4687829$3,250.90
HIGH ROLLS MOUNTAIN PARK88133$3,393.8988325$3,250.56
SAN PATRICIO88134$3,448.7088348$3,250.17
RUIDOSO88135$3,385.3488345$3,249.71
FORT STANTON88136$3,434.4988323$3,249.33
FLORA VISTA88201$3,519.8887415$3,245.76
DATIL88203$3,506.2687821$3,244.88
ALTO88210$3,440.0188312$3,244.31
NOGAL88213$3,486.5088341$3,240.99
FARMINGTON88220$3,532.3687401$3,231.15
CAPITAN88230$3,554.8088316$3,228.63
BERINO88231$3,504.7588024$3,225.07
CARRIZOZO88232$3,536.0988301$3,220.80
RESERVE88240$3,577.3887830$3,219.75
DERRY88242$3,531.0587933$3,214.85
MAYHILL88250$3,343.2688339$3,214.75
ARAGON88252$3,478.1187820$3,213.50
CHAPARRAL88253$3,524.4988081$3,211.13
MESCALERO88254$3,508.6188340$3,207.96
LUNA88255$3,507.6087824$3,204.10
SANTA TERESA88256$3,535.1988008$3,199.10
SUNLAND PARK88260$3,521.6688063$3,188.98
WINSTON88262$3,517.0887943$3,184.65
PINON88263$3,504.4388344$3,177.56
SACRAMENTO88264$3,533.9388347$3,175.44
CLIFF88265$3,515.7588028$3,173.98
GLENWOOD88267$3,475.0288039$3,173.68
ARREY88268$3,504.4387930$3,173.20
REDROCK88301$3,220.8088055$3,171.09
ORGAN88310$2,948.8988052$3,170.58
FORT BAYARD88312$3,244.3188036$3,167.20
ANTHONY88314$3,085.7888021$3,166.16
RINCON88316$3,228.6387940$3,165.29
MULE CREEK88317$3,153.4588051$3,164.31
GILA88318$3,381.3188038$3,164.01
WEED88321$3,427.4288354$3,162.74
DONA ANA88323$3,249.3388032$3,161.79
MONTICELLO88324$3,292.8587939$3,154.58
CLOUDCROFT88325$3,250.5688317$3,153.45
CABALLO88330$2,963.7387931$3,151.42
FAYWOOD88336$3,280.7788034$3,150.32
ELEPHANT BUTTE88337$3,082.9187935$3,149.99
WHITE SANDS MISSILE RANGE88338$3,290.9588002$3,142.13
LAS CRUCES88339$3,214.7588007$3,139.39
PLAYAS88340$3,207.9688009$3,139.19
RODEO88341$3,240.9988056$3,139.19
COLUMBUS88342$3,263.0688029$3,137.51
VADO88343$3,400.1688072$3,136.81
ARENAS VALLEY88344$3,177.5688022$3,136.15
LAS CRUCES88345$3,249.7188003$3,134.27
MESILLA PARK88346$3,284.3188047$3,131.72
MESQUITE88347$3,175.4488048$3,129.53
HACHITA88348$3,250.1788040$3,128.60
HILLSBORO88349$3,252.1488042$3,127.46
WILLIAMSBURG88350$3,312.9487942$3,126.79
MIMBRES88351$3,300.9788049$3,122.29
LA MESA88352$3,055.3788044$3,120.13
LAS CRUCES88354$3,162.7488005$3,119.89
HATCH88401$3,402.4187937$3,118.33
LAS CRUCES88410$3,456.7088001$3,113.45
BUCKHORN88411$3,395.4288025$3,111.00
TRUTH OR CONSEQUENCES88414$3,425.4287901$3,109.65
HANOVER88415$3,469.1288041$3,107.02
BAYARD88416$3,401.1488023$3,105.97
LAS CRUCES88417$3,414.1488011$3,102.08
HURLEY88418$3,496.5788043$3,102.04
SILVER CITY88419$3,478.4888061$3,096.73
SANTA CLARA88421$3,447.4588026$3,092.44
ANIMAS88422$3,489.2488020$3,091.27
BENT88424$3,515.5288314$3,085.78
LAS CRUCES88426$3,419.9688012$3,083.03
LA LUZ88427$3,436.7288337$3,082.91
GARFIELD88430$3,464.9987936$3,080.48
LORDSBURG88431$3,436.9988045$3,080.42
SALEM88433$3,455.3687941$3,064.73
DEMING88434$3,404.0288030$3,064.14
TULAROSA88435$3,431.9288352$3,055.37
HOLLOMAN AIR FORCE BASE88436$3,474.9388330$2,963.73
ALAMOGORDO88439$3,499.5388310$2,948.89

Use the search feature in the table to search for your city and/or specific zip code!

Best New Mexico Car Insurance Companies

So many car insurance providers out there to choose from, and so little time.

Want to save time?

Let us help you save it!

Find out who the best providers are in the state of New Mexico.

– New Mexico Companies’ Financial Ratings

A little something called the A.M. Best Financial Rating lets people know how well a company is doing financially, and what their financial strength is.

CompanyRating
State FarmA+
GeicoA++
ProgressiveA++
Farmers InsuranceA
USAAA++
AllstateA+
Liberty MutualA
Hartford Fire & CasualtyA+
Sentry InsuranceA+
Iowa Farm Bureau GroupNot Rated

Sometimes it’s more important to know what people say about these companies instead of the financial data. You’re the customer, after all, and you need to be treated well!

Read on to find out about customer reviews.

– Companies with the Best Customer Ratings

A company known as J.D. Power and Associates gave a study to car insurance customers in multiple U.S. Regions in 2018 asking them:  how would you rank auto insurance companies?

When it comes to the Southwest Region (which includes New Mexico), CSAA ranks 839 on a 1,000 point scale, which means it is “among the best”.

 

Southwest Region

– Companies with the Most Complaints in New Mexico

A business has a few bad reviews?

That’s life in the business world.

When a business has multiple bad reviews and complaints, it’s time to pay attention!

Here are the companies, according to customers in New Mexico, that customers believe are the worst:

CompanyTotal Complaints in 2017
State Farm1482
GeicoNot Listed
Progressive120
Farmers Insurance0
USAA296
Allstate163
Liberty Mutual222
Hartford Fire & Casualty9
Sentry Insurance1
Iowa Farm Bureau Group32

The Office of the Superintendent of Insurance in New Mexico will work with you to resolve any insurance complaints you might have.

– Cheapest Companies in New Mexico

CompanyAverage
Allstate F&C$4,200.53
Farmers Ins Co Of AZ$4,314.90
Geico General$4,457.62
AMCO Insurance$3,514.07
Progressive Direct$3,118.17
State Farm Mutual Auto$2,340.03
USAA$2,297.13

When it comes to getting the most money for your dollar yearly, USAA has the cheapest annual rates, with $2,297.13. Geico is the most expensive, with a rate of $4,457.62.

– Commute Rates in New Mexico

CompanyAmount of Commute and Mileage, (in miles)Annual Average
Geico25 miles commute. 12000 annual mileage.$4,525.62
Geico10 miles commute. 6000 annual mileage.$4,389.62
Farmers10 miles commute. 6000 annual mileage.$4,314.90
Farmers25 miles commute. 12000 annual mileage.$4,314.90
Allstate10 miles commute. 6000 annual mileage.$4,200.53
Allstate25 miles commute. 12000 annual mileage.$4,200.53
Nationwide10 miles commute. 6000 annual mileage.$3,514.07
Nationwide25 miles commute. 12000 annual mileage.$3,514.07
Progressive10 miles commute. 6000 annual mileage.$3,118.17
Progressive25 miles commute. 12000 annual mileage.$3,118.17
State Farm25 miles commute. 12000 annual mileage.$2,398.36
USAA25 miles commute. 12000 annual mileage.$2,365.79
State Farm10 miles commute. 6000 annual mileage.$2,281.70
USAA10 miles commute. 6000 annual mileage.$2,228.48

No matter the length of your commute, USAA is the cheapest, once again.

– Coverage Rates in New Mexico

CompanyCoverage TypeAnnual Average
GeicoHigh$4,771.00
FarmersHigh$4,732.85
GeicoMedium$4,446.29
AllstateHigh$4,390.87
FarmersMedium$4,275.73
AllstateMedium$4,192.35
GeicoLow$4,155.59
AllstateLow$4,018.38
FarmersLow$3,936.11
NationwideHigh$3,600.05
NationwideMedium$3,479.90
NationwideLow$3,462.26
ProgressiveHigh$3,261.94
ProgressiveMedium$3,117.04
ProgressiveLow$2,975.51
State FarmHigh$2,540.25
USAAHigh$2,448.12
State FarmMedium$2,347.45
USAAMedium$2,307.89
USAALow$2,135.39
State FarmLow$2,132.39

USAA seems to be coming out on top when it comes to good deals. For a high level of coverage, USAA offers the best annual average.

– Credit History Rates in New Mexico

Credit history can either help you or hurt you when it comes to insurance.

CompanyCredit HistoryAnnual Average
GeicoPoor$4,999.10
FarmersPoor$4,950.09
AllstatePoor$4,887.46
GeicoFair$4,349.78
NationwidePoor$4,300.68
FarmersFair$4,097.94
AllstateFair$4,028.34
GeicoGood$4,023.99
FarmersGood$3,896.67
AllstateGood$3,685.79
ProgressivePoor$3,420.75
NationwideFair$3,341.72
State FarmPoor$3,337.18
ProgressiveFair$3,049.36
NationwideGood$2,899.82
ProgressiveGood$2,884.38
USAAPoor$2,874.97
USAAFair$2,151.55
State FarmFair$2,056.00
USAAGood$1,864.88
State FarmGood$1,626.91

For those with poor credit, USAA offers the best annual average. If your credit is middle-of-the-road, State Farm offers the best annual rate. If your credit is good, again, State Farm offers the best annual rate.

– Driving Record Rates in New Mexico

Geico is not as forgiving if you have a DUI violation on your record. They are the most expensive in that regard. Farmers is not the most forgiving when it comes to an accident on your record. They are the most expensive when it comes to that.

CompanyDriving RecordAnnual Average
GeicoWith 1 DUI$8,351.31
AllstateWith 1 DUI$4,877.87
NationwideWith 1 DUI$4,765.82
FarmersWith 1 accident$4,694.44
FarmersWith 1 DUI$4,584.30
AllstateWith 1 accident$4,561.80
FarmersWith 1 speeding violation$4,334.25
GeicoWith 1 accident$4,217.02
AllstateWith 1 speeding violation$3,898.80
NationwideWith 1 accident$3,688.87
ProgressiveWith 1 accident$3,686.49
FarmersClean record$3,646.60
AllstateClean record$3,463.66
ProgressiveWith 1 speeding violation$3,184.99
USAAWith 1 DUI$3,122.21
NationwideWith 1 speeding violation$2,975.73
ProgressiveWith 1 DUI$2,904.96
ProgressiveClean record$2,696.21
GeicoClean record$2,631.09
GeicoWith 1 speeding violation$2,631.09
NationwideClean record$2,625.87
State FarmWith 1 DUI$2,387.59
State FarmWith 1 accident$2,387.59
State FarmWith 1 speeding violation$2,387.59
USAAWith 1 accident$2,372.97
State FarmClean record$2,197.36
USAAWith 1 speeding violation$1,987.15
USAAClean record$1,706.19

Some insurance companies are a little more forgiving. USAA has the best rates if you have minimal speeding violations or minimal accidents; State Farm offers the cheapest rates if you have a DUI violation on your record.

– Largest Car Insurance Companies in New Mexico

CompanyPremiums WrittenMarket Share
State Farm$277,87820.04%
Geico$207,10514.94%
Progressive$160,61911.58%
Farmers Insurance$155,04911.18%
USAA$127,9709.23%
Allstate$97,6107.04%
Liberty Mutual$69,0484.98%
Hartford Fire & Casualty$41,7603.01%
Sentry Insurance$32,7132.36%
Iowa Farm Bureau Group$30,2092.18%

– Number of Insurers in New Mexico:  Domestic vs. Foreign

What is the difference between a domestic insurer and a foreign insurer?

Domestic means that the insurer is in-state, or it may be an insurance company only available in the state of New Mexico.

Foreign means out of state, or a company such as State Farm that is available in multiple states.

In New Mexico, there are 15 domestic insurers and 837 foreign insurers. 

Laws in New Mexico

It helps to know the laws in your state, but there are so many of them, right?

Never fear!

We’ve compiled all the car insurance laws and laws that are important for you to know.

– New Mexico’s Car Insurance Laws

Car insurance laws vary from state to state, so it’s important to know the laws for yours.

Read up on some of the New Mexico laws here, and read further on to get the laws in more detail.

– New Mexico’s Windshield & Glass Repair Laws

A chip or a crack in a windshield can be annoying. But are insurance companies in New Mexico required to pay for it?

According to Car Windshields, “Insurers may use aftermarket parts, if the quality is comparable to the manufacturer’s parts.”

– High-Risk Insurance in New Mexico

As previously mentioned, the high-risk auto insurance program in New Mexico is the New Mexico Motor Vehicle Insurance Plan.

Click on the link above to go to that section for more information!

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– Low-Cost Insurance in New Mexico

There is no state-mandated program in New Mexico for low-cost car insurance, but ask your insurance provider if they provide discounts for such things as safe driving

– Automobile Insurance Fraud in New Mexico

Each state has its own definition of what they consider insurance fraud.

New Mexico defines insurance fraud as “intentionally providing false, incomplete, or misleading information for the purpose of obtaining insurance benefits.”

What is considered insurance fraud in New Mexico?

  • Providing false information on an insurance application.
  • Filing a false claim.
  • Making a false document for support of a claim.
  • Making a false statement for a policy in order to maintain any kind of compensation.

There are penalties if you are found guilty of insurance fraud.

  • Victim loss of $250 or less:  Six months in prison and $500 fine.
  • Victim loss of over $250:  One year in prison and $1,000 fine.
  • Victim loss between $500 – $2,500:  18 months in prison and $5,000 fine.
  • Victim loss between $2,500 – $20,000:  Three years in prison and $5,000 fine.
  • Victim loss over $20,000:  Nine years in prison and $10,000 fine.

Learn more about fraud and how to prevent it here.

– The Statute of Limitations in New Mexico

The statute of limitations is the set amount of time that either you or the other party have to file charges. It protects both you and the other party by giving each of you a set amount of time. Beyond that time limit, no charges can be filed.

In New Mexico, the statute of limitations is three years for a personal injury case and four years for a property damage case.

– New Mexico’s Vehicle Licensing Laws

To drive a car and operate a car in New Mexico, you have to have a license. Keep on reading to find out more about this and about the rules of the road.

– Penalties for Driving Without Insurance

What are the penalties for driving without insurance in New Mexico?

  • First offense:  $300 fine and/or 90 days in jail.  License/registration suspended.
  • Second offense:  No known penalties.
  • Third and subsequent offenses:  No known penalties.

If you cause an accident and do not have insurance, you could face civil penalties.

Remember that you must have the required insurance and/or forms of financial responsibility in your vehicle at all times.

– Teen Driver Laws in New Mexico

Teen drivers, listen up.

Getting a license in New Mexico is a multi-step, graduated process, meaning that you have to go through three stages to even be able to have a full-fledged license, according to the New Mexico Motor Vehicle Department.

What is the process?

For Stage One (The Instructional Permit Stage):

nmstage1

Stage One Learner’s Permit in New Mexico. From the New Mexico Motor Vehicle Department Website.

 

For Stage Two (The Provisional Stage):

nmstage 2

Stage Two Provisional Stage in New Mexico. From the New Mexico Motor Vehicle Department Website.

 

For Stage Three (The Full License):

nmstage3

Stage Three Full License in New Mexico. From the New Mexico Motor Vehicle Department Website.

How about for brand spanking new drivers?

You have some things to complete as well. The “None for the Road” course is something we will discuss later.

Requirements for new drivers. From the New Mexico Motor Vehicle Department website.

 

Important to know:  if you are an intermediate driver or you have a learner’s permit, you are banned from using a cellphone to talk or text. The texting ban is primarily enforced for all drivers, no matter your age.

– Older Driver Laws in New Mexico

The rules for older drivers in New Mexico?

Pretty straightforward, according to the Insurance Institute for Highway Safety.

  • Older Population License Renewal:  you have the choice of renewing either every four or every eight years.
  • Proof of vision required:  every renewal if 75 years or older.
  • Mail or online renewal permitted:  Yes, for every other renewal unless a new photo is required. Not permitted for 75 and older.

You can save yourself a trip to the MVD every four or eight years. Now that’s what I call convenience!

– New Residents of New Mexico

Welcome to New Mexico, new person!

You must register and title your vehicle within 60 days of moving to the state, and you can even schedule your appointment to do so online!

Fast and convenient?

Yes, please!

– License Renewal Procedures in New Mexico

If you want just a regular ol’ driver’s license, bring one proof of identity and age as well as two proofs of New Mexico residency.

But what’s all this about a REAL ID?

Read on…

– New Mexico REAL ID

Starting October 1, 2020, federal agencies will endorse what is known as the REAL ID Act, which requires you to have a REAL ID U.S. Passport or another federally approved ID to board flights or enter federal buildings.

New Mexico does not require a REAL ID to drive, but it is recommended if you fly a lot in the United States.

What a New Mexico REAL ID looks like. From the New Mexico REAL ID website.

How do you get a REAL ID?

What is required to get a REAL ID?

Watch these helpful videos below to find out!

– Rules of the Road in New Mexico

Know the rules of the road and be a safer driver. Read on to find out about the rules of the road in New Mexico…

– Fault vs. No-Fault

Remember, New Mexico is an at-fault state. This means that the person who was at fault in the accident is the one who has to pay for any damage or injuries sustained.

– Seat Belts and Car Seat Laws

Seat belt laws in New Mexico are primarily enforced. This means if a police officer sees you not wearing your seat belt or doesn’t see a child in a car seat, they will stop you.

According to the IIHS, if your child is “younger than 1 year in a rear-facing child restraint; 1-4 years or less than 40 pounds in a child restraint; 5-6 or less than 60 pounds in a booster seat”, they must be in some form of a booster or car seat. Also, children younger than one year must be in a rear seat.

A $25 fine applies if you are not wearing your seat belt or if your child is not in a car seat.

– Keep Right and Move Over Laws

In New Mexico, the laws are as follows according to AAA:

State law requires drivers approaching a stationary emergency vehicle or a recovery or repair vehicle, including tow trucks, to slow down and vacate the lane next to the stopped vehicle, if they are able. If drivers are not able to move over, they are required to slow down and be prepared to stop.

If you are in the left lane, slow driving is not allowed if you are traveling under the speed of the traffic around you.

– Speed Limits

In New Mexico, the speed limit is 75 miles per hour on rural interstates and urban interstates, 65 miles per hour on other limited access roads, and 55 miles per hour on all other roads.

– Ridesharing

Want to know the different ridesharing services available in New Mexico?

Go here to find out more.

– Automation

When it comes to automated vehicles, New Mexico is one of 11 states that have only authorized studies and funding, as well as authorized the defining of key terms when it comes to automated vehicles. This is according to the IIHS.

– Safety Laws in New Mexico

– DWI Laws

New Mexico is a state that has decided to toughen up its DWI laws, putting it a little ways behind such states as North Carolina, a state considered to have some of the toughest DWI laws in the nation.

In New Mexico, you are considered Driving While Intoxicated if you have a BAC of .08 or higher (if you are 21 or older) or .04 if you are a commercial driver. Younger than 21, a BAC of .02 is considered Driving While Intoxicated.

Alcohol is involved in about 40 percent of the traffic crashes in which someone is killed.

How many offenses you have determines the amount of jail time and/or fines:

  • First offense:  Up to 90 days in jail or one-year probation; $500 fine.
  • Second offense:  One year in jail or five years probation; $1,000 fine.
  • Third offense:  One year in jail or five years probation; $1,000 fine.
  • Fourth offense:  18 months in jail; $5,000 fine.
  • Fifth offense:  Two years in jail; $5,000 fine.
  • Sixth offense:  30 months in jail; $5,000 fine.
  • Seventh or subsequent offense:  Three years in jail; $5,000 fine.

Various other penalties can also apply.

If you are caught with a DWI and you are under 21, your license is automatically suspended for one year.

Any level of DWI also must participate in a None For The Road class.

– Marijuana-Impaired Driving Laws

There is no marijuana-specific law in the state of New Mexico, but it doesn’t mean you won’t get in trouble for driving under the influence.

– Distracted Driving Laws

DNTTXT JUST DRIVE. 

According to the Safer New Mexico website, “driver distractions have joined alcohol and speeding as leading factors in fatal and serious injury crashes.”

For a safer New Mexico, texting while driving has been outlawed as of July 2014.

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New Mexico Can’t-Miss Facts

Just the facts, ma’am. Or sir.

Let’s take a look at what the facts are in New Mexico.

– Vehicle Theft in New Mexico

When it comes to the facts, the most stolen cars (according to the National Insurance Crime Bureau and 2016 Data) are as follows:

  1. 2004 Ford Pick-Up (Full Size)
  2. 1996 Honda Accord
  3. 2003 Chevrolet Pick-Up (Full Size)
  4. 1998 Honda Civic
  5. 2001 Dodge Pick-Up (Full Size)
  6. 2003 GMC Pick-Up (Full Size)
  7. 1999 Toyota Camry
  8. 1993 Jeep Cherokee/Grand Cherokee
  9. 1994 Ford Pick-Up (Small Size)
  10. 1997 Chevrolet Pick-Up (Small Size)

Pick-Up Trucks in general take over SIX spots on this list!

– Dangers on the Road in New Mexico

The best way to stay out of danger on the roads is to drive defensively and be aware of common issues in New Mexico.

– Fatal Crashes by Weather Condition and Light Condition

Weather and the time of day can contribute to traffic fatalities.

Weather ConditionDaylightDark, but LightedDarkDawn or DuskOther / UnknownTotal
Normal1505193181313
Rain5431114
Snow/Sleet000101
Other401207
Unknown004015

Crashes tend to occur the most often in New Mexico in the daytime under normal weather conditions.

Always remember to keep your eye on the road!

– Fatalities (All Crashes) by County

County20132014201520162017
Bernalillo52696410091
Catron61001
Chaves9712146
Cibola147111713
Colfax67454
Curry44274
Debaca20350
Dona Ana1419182429
Eddy151610717
Grant522310
Guadalupe678129
Harding12020
Hidalgo194312
Lea1231131316
Lincoln55276
Los Alamos02000
Luna616122
Mckinley2648232230
Mora34242
Otero8131036
Quay6111142
Rio Arriba13812118
Roosevelt42556
San Juan2739313234
San Miguel73473
Sandoval181451616
Santa Fe919142316
Sierra42337
Socorro884162
Taos610289
Torrance1158125
Union11011
Valencia2105712

This shows the fatalities over the course of five years.

– Traffic Fatalities: Rural vs. Urban

Weather ConditionDaylightDark, but LightedDarkDawn or DuskOther / UnknownTotal
Normal1505193181313
Rain5431114
Snow/Sleet000101
Other401207
Unknown004015

This shows the fatalities over the course of 10 years.

Interestingly, rural areas have a lot more traffic fatalities than in urban areas.

– Fatalities by Person Type

Person20132014201520162017
Passenger Car811067911693
Light Truck - Pickup5565507362
Light Truck - Utility4638457259
Light Truck - Van520569
Light Truck - Other22321
Large Truck161712617
Bus20000
Total Motorcyclists4146384753
Pedestrian4975547474
Bicyclist and Other Cyclist45742

This shows the fatalities over the course of five years.

Passenger cars and light pick-ups have a high rate of fatalities in this five-year timespan.

– Fatalities by Crash Type

Crash Type20132014201520162017
Single Vehicle193246194248205
Involving a Large Truck5472464070
Involving Speeding122132130146141
Involving a Rollover128129115169118
Involving a Roadway Departure137182150207176
Involving an Intersection (or Intersection Related)6354667594

This shows the fatalities over the course of five years.

– Five-Year Trend for the Top 10 Counties in New Mexico

County20132014201520162017
Bernalillo52696410091
San Juan2739313234
Mckinley2648232230
Dona Ana1419182429
Eddy151610717
Lea1231131316
Sandoval181451616
Santa Fe919142316
Cibola147111713
Hidalgo194312

– Fatalities Involving Speeding by County

County20132014201520162017
Bernalillo1623344031
Catron10000
Chaves55643
Cibola43857
Colfax21041
Curry12133
Debaca10120
Dona Ana591257
Eddy933110
Grant21015
Guadalupe11051
Harding01000
Hidalgo00002
Lea35586
Lincoln22014
Los Alamos02000
Luna10331
Mckinley111511514
Mora12010
Otero26612
Quay21221
Rio Arriba731042
Roosevelt32211
San Juan91381421
San Miguel12120
Sandoval1182510
Santa Fe45143
Sierra32132
Socorro61270
Taos13243
Torrance52562
Union11011
Valencia28447

– Fatalities Involving Alcohol-Impaired Driving by County

County20132014201520162017
Bernalillo1417303429
Catron21000
Chaves34432
Cibola31644
Colfax13100
Curry11222
Debaca00010
Dona Ana67668
Eddy23015
Grant00114
Guadalupe01102
Harding00000
Hidalgo02002
Lea57255
Lincoln53212
Los Alamos00000
Luna20221
Mckinley91410415
Mora02110
Otero37413
Quay12120
Rio41564
Roosevelt11111
San Juan131391411
San Miguel22031
Sandoval54182
Santa Fe36196
Sierra21112
Socorro22240
Taos34235
Torrance52040
Union01010
Valencia05304

– Teen Drinking and Driving

Remember, the DWI Laws in New Mexico are behind states like North Carolina when it comes to strictness.

Here are the facts when it comes to teens and drunk driving:

  • 2.1 deaths per 100,000 residents, which is far above the national average of 1.2.
  • 62 DWI arrests in the under 21 group, which makes New Mexico 15th in the nation when it comes to these types of arrests.

– EMS Response Time:  Rural vs. Urban

 Time of Crash to EMS
Notification
EMS Notification to
EMS Arrival
EMS Arrival at Scene
to Hospital Arrival
Time of Crash to Hospital
Arrival
Rural6 minutes16 minutes47 minutes55 minutes
Urban4 minutes6 minutes24 minutes33 minutes

The response times in both rural and urban areas seem pretty decent!

Both areas take under an hour from the time of the crash to hospital arrival.

– Transportation

If you live in New Mexico, most likely you live in an overwhelmingly two-car household, drive alone to work, and spend very little time commuting!

The information that follows is from Data USA.

– Car Ownership

Most people in New Mexico live in a two-car household.

– Commute Time

With an average commute time of 20.8 minutes, New Mexico is well below the national average of 25.2. minutes.

1.75 percent of New Mexico residents report a super-commute, which is spending 90 minutes or more of your time commuting.

– Commuter Transportation

80 percent of the workforce report driving in to work alone. 9.4 percent carpool, and 5.1 percent work at home.

– Top Cities for Traffic Congestion

“Hmm. I knew I should’ve taken that left turn at Albuquerque.”

Taking a left turn at Albuquerque might result in finding yourself in some pretty bad traffic congestion, as it is the city that tends to top most traffic congestion lists.

Want to see further stats?

According to the TomTom Traffic Index, Alburquerque drivers see an increase of 16 percent extra travel time. This amounts to 16 extra minutes per day and 62 extra hours per year. When it’s morning traffic, drivers see an increase of 21 percent extra travel time, and in the evenings, drivers see an increase of 32 percent extra travel time.

Highways seem a bit easier to travel on, as they see a 4 percent increase as opposed to non-highways, which see a 24 percent increase.

Get an idea of what driving on the highways in Albuquerque is like:

 

And here is an idea of what rush hour traffic looks like in New Mexico:

Gracias, y adios! 

We hope this guide about car insurance and the rules/laws in New Mexico has helped you!

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References:
  1. https://www.newmexico.org/things-to-do/nature/
  2. https://www.iii.org
  3. https://www.insurancejournal.com/news/national/2018/03/15/483414.htm
  4. http://www.mvd.newmexico.gov/vehicle-insurance.aspx
  5. https://www.nolo.com/legal-encyclopedia/north-carolina-car-insurance-requirements.html
  6. http://www.mvd.newmexico.gov/vehicle-insurance.aspx#/Will%20my%20out-of-state%20insurance%20be%20acceptable%20in%20New%20Mexico
  7. http://www.mvd.newmexico.gov/vehicle-procedures-manual.aspx?1f7fcb5548ee4e17a47ff4e27e571a01blogPostId=8bff624970514274a8356c0d6d5bf774#/11b
  8. http://www.rmiia.org/auto/steering_through_your_auto_policy/Uninsured_New_Mexico.asp
  9. http://www.calculatorpro.com/calculator/insurance-cost-calculator/
  10. https://www.quicken.com/taking-inventory-your-personal-finances-how-much-your-paycheck-should-you-budget-bills-s
  11. https://www.naic.org/
  12. https://www.mexpro.com/mexico/beforeyougo.html
  13. https://travel.state.gov/content/travel/en/international-travel/International-Travel-Country-Information-Pages/Mexico.html
  14. https://www.mexpro.com/blog/auto-insurance-mandatory-mexican-highways
  15. https://www.tomorrowmakers.com/motor-insurance/understanding-benefits-7-major-car-insurance-riders-listicle
  16. https://www.aipso.com/Plan-Sites/New-Mexico
  17. https://www3.ambest.com/ambv/ratingmethodology/OpenPDF.aspx?rc=238151
  18. https://www.jdpower.com/business
  19. https://www.osi.state.nm.us/ConsumerAssistance/consumercomplaint.aspx?AspxAutoDetectCookieSupport=1
  20. https://www.iihs.org/iihs/topics/laws/statelaws?stateabbr=NM
  21. http://www.carwindshields.info
  22. https://statelaws.findlaw.com/new-mexico-law/new-mexico-insurance-fraud-laws.html
  23. http://www.mvd.newmexico.gov/fraud.aspx
  24. https://statelaws.findlaw.com/accident-and-injury-laws/details-on-state-civil-statute-of-limitations.html
  25. http://www.mvd.newmexico.gov/apply-for-a-learner-s-permit.aspx
  26. http://www.iihs.org
  27. https://www.mvdexpress.com/new-resident-registration/
  28. https://realid.mvd.newmexico.gov/
  29. https://drivinglaws.aaa.com/tag/move-over-law/
  30. http://www.aaa.com
  31. https://ride.guru/cities/albuquerque-new-mexico-united-states-of-america
  32. https://newmexicodwilaw.com/
  33. https://nonefortheroad.org/
  34. https://www.safernm.org/distracted-driving.aspx
  35. https://metro.nmcourts.gov/
  36. http://www.nicb.org/
  37. http://www.tomtom.com

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