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Ross Martin

Insurance Writer

  • 4+ years in the Insurance Industry

Ross joined The Zebra as a writer and researcher in 2019. He specializes in writing insurance content to help shoppers make informed decisions.

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Kristine Lee

Insurance Analyst

  • Licensed Insurance Agent — Property and Casualty
  • 4+ years of Experience in the Insurance Industry

Kristine is a licensed insurance agent who joined The Zebra in 2019 as an in-house content researcher and writer. Before joining The Zebra, she was a…

Auto insurance policies are affordable in New Mexico. The average auto insurance premium in New Mexico is $1,331 per year — 6.8% less than the US average.

Your car insurance premiums are affected by factors aside from geography. Car insurance rates price based on various factors, including a driver's age, credit rating, driving history, gender and marital status.

We analyzed New Mexico car insurance rates by each of the primary rating factors. Learn how much car insurance costs in your state — or enter your ZIP code to receive personalized rates from top car insurance companies.


Compare rates and find an affordable policy.

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Average New Mexico car insurance rates by:
  1. Age
  2. Gender
  3. Marital status
  4. Credit score
  5. Driving violations
  6. Coverage level

Average auto insurance costs in New Mexico by age

It's a common phenomenon: as you age, your car insurance prices change. Generally speaking, auto insurance is more costly for young drivers, as car insurance companies consider newer motorists as riskier.

In New Mexico, auto insurance runs $6,861 each year for a 16-year-old driver and only $1,188 per year for a driver in their 50s.

Age Average Yearly Rate
16 $6,860.97
17 $6,028.38
18 $5,092.75
19 $3,144.14
20s $1,726.11
30s $1,294.07
40s $1,262.35
50s $1,188.40
60s $1,222.05
70s $1,577.96

If you're shopping for car insurance for a teen driver, New Mexico is the 19th most expensive state in which to buy auto insurance for a 16-year-old.



Average auto insurance costs in New Mexico by gender

While gender doesn’t have as significant an impact on auto insurance costs as state or age, it is used as a rating factor by underwriters.

Gender Average Yearly Rate
Male $1,317.66
Female $1,313.96

If you think you might not be getting the best possible value for your money with your present auto insurance company, the best option is to compare offerings from a variety of insurance companies.



Auto insurance rates in New Mexico by marital status

One benefit of married life — aside from the wedding gifts — is the price cut you typically receive on auto insurance. In New Mexico, married drivers save $108 each year on car insurance. This is more than the U.S.-wide average savings of $76.

Marital Status Average Annual Premium
Single $1,317.66
Married $1,209.50
Divorced $1,317.66
Widowed $1,300.35

Auto insurance for divorced drivers in New Mexico is the 27th most expensive in the nation. If you're overpaying for your policy, shop around. You could find a great policy for less!



Average car insurance rates in New Mexico by credit score

Auto insurance companies use credit history as a prediction of how reliable a client will be. Historical data suggest drivers who maintain good credit are usually more reliable auto insurance clients: they less commonly file claims.

In New Mexico, a driver with excellent credit saves $1,047 each year in insurance payments, compared to a driver who has a bad credit history. Learn more about how credit can impact car insurance costs in New Mexico:

Credit Level Average Annual Rate
Very Poor (300-579) $2,196.43
Fair (580-669) $1,867.06
Good (670-739) $1,582.06
Very Good (740-799) $1,363.55
Exceptional (800-850) $1,148.93

Finding affordable car insurance if you have a low credit score can be stressful. But we're here to assist. Check out our guide to getting car insurance with bad credit and learn how to save!



Average car insurance costs for high-risk drivers in New Mexico

If you’re found at-fault in a car accident or found guilty of a vehicular offense, your car insurance costs are bound to climb. The more violations you rack up, the more expensive your car insurance policy becomes.

In New Mexico, your first minor at-fault crash will cost you $641 per year in auto insurance premiums. A DUI or DWI — considered among the most serious vehicular violations — could increase your yearly insurance rates in New Mexico by as much as $686.

Age Average Annual Premium
DUI/DWI $2,017.26
Reckless Driving $2,166.99
At-Fault Accident (<$1,000) $1,972.34
At-Fault Accident ($1,000-$2,000) $2,524.73
At-Fault Accident (>$2,000) $1,972.34
Open Container $2,088.54
Speeding (21-25 MPH > limit) $2,229.85
Speeding (16-20 MPH > limit) $2,229.85

If you are looking for a better deal on auto insurance, it's worth comparing rates to get reasonably priced coverage that suits you.



Average auto insurance prices by coverage in New Mexico

How much you are charged monthly for car insurance depends on the level of coverage you select. Liability-only coverage typically is less expensive, while low-deductible comprehensive coverage costs more. In New Mexico, the price gap between state-minimum liability-only coverage and comprehensive coverage with a $500 deductible is $689.

Coverage Level Average Annual Rate
$100K/$300K/$100K Bodily Injury/Property Damage — Liability Only $672
$100K/$300K/$100K Bodily Injury/Property Damage — $1,000 Comprehensive/Collision $1,218
$100K/$300K/$100K Bodily Injury/Property Damage — $500 Comprehensive/Collision $1,362
$50K/$100K/$50K Bodily Injury/Property Damage — Liability Only $577
$50K/$100K/$50K Bodily Injury/Property Damage — $1,000 Comprehensive/Collision $1,122
$50K/$100K/$50K Bodily Injury/Property Damage — $500 Comprehensive/Collision $1,266
State Minimum — Liability Only $488
State Minimum — $1,000 Comprehensive/Collision $1,032
State Minimum — $500 Comprehensive/Collision $1,177

If you're facing above-average car insurance costs, think about weighing rates to find affordable insurance coverage that meets your requirements.


Compare rates online today.

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About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
  • The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.