Finding a homeowners insurance policy doesn’t need to be confusing. Compare rates from New Mexico by city and carrier below.
Homeowners insurance isn't required, but it is important. A home insurance policy keeps your personal items protected. A homeowners policy covers your dwelling, personal property, and other buildings against a number of circumstances, including wind damage, fire, theft, vandalism, and others.
Gulfs exist in home insurance costs from state to state. Home insurance costs in states diverge depending on the total number and value of home insurance claims filed in that state, and depend on the value of the dwelling and belongings being insured.
The easiest way to get a cheap home insurance policy in New Mexico is to view prices from as many companies as possible. Find out home insurance rates in New Mexico via the below data. Remember: your rates may differ, depending on your coverage limits.
Homeowners insurance rates in New Mexico differ based on the insurance company you choose. Liberty provides the cheapest homeowners policies in New Mexico — just $984 yearly. This is less than New Mexico's average cost of $1,661, offering a $677 price break on the state's average rate.
Start your search for a home insurance policy by reviewing the most affordable New Mexico companies, listed below.
|Carrier||Average Annual Rate in New Mexico|
Home insurance rates in New Mexico vary depending on the city. Policies are often priced on locally specific variables such as the number of homeowners claims filed nearby, lending your ZIP code plenty of weight in deciding how much you pay.
The best home insurance rates in New Mexico are in Las Cruces. An average home insurance policy in Las Cruces costs $1,111 per year — $550 less than the average New Mexico rate. Reference the below table to see the cheapest cities in New Mexico for home insurance.
|City||Average 12-Month Home Insurance Rate|
If you're trying to save, consider buying your home and auto policies from the same insurance company. Bundling home and auto insurance in New Mexico can lead to substantial savings on auto insurance. Bundling home and auto policies in New Mexico may earn you a yearly discount of $153.
|Avg. 12-Month Auto Insurance Rate (No Bundle)||Avg. Annual Auto Insurance Rate (Bundle)||Annual Bundle Savings||Bundle Savings %|
You can save money on insurance by bundling your home and auto policies. Start shopping today!