Cheap New Mexico Car Insurance

Compare the best rates from 12 car insurance companies in New Mexico.

Here's what you need to know when driving in New Mexico

Across the Land of Enchantment, there are 142,940 miles of road just waiting to be driven. We’ll get you prepped, then you take the wheel.

Cheap Car Insurance

It's cheap to get car insurance in New Mexico!

Whoa! New Mexico is one of the cheapest states for car insurance. Let's see how much you'll save!
At The Zebra we're all about helping you save money on car insurance. Our engine looks for the cheapest insurance provider to find the best fit for you and your vehicle. Since New Mexico might have cheaper premiums that makes our job a breeze! It's easy to get started—we just need some basic information to begin finding the best auto discounts for you.
What's the cheapest car insurance in New Mexico?
Rank Company Premium
1 USAA $670
2 Allied $939
3 Safeco $994
4 Farm Bureau Mutual $1,190
5 Farmers $1,289
6 State Farm $1,323
7 The Hartford $1,339
8 Central Mutual $1,341
9 Progressive $1,520
10 Travelers $1,553
11 Cal Casualty $1,607
12 GEICO $1,608
13 MetLife $1,610
14 Encompass $1,677
15 Allstate $2,361
16 Liberty Mutual $2,504
17 Sentry $3,145

Cheap Insurance for Good Drivers in New Mexico

Drivers with good driving records typically enjoy lower car insurance costs than drivers with histories of speeding tickets, at-fault accidents, or DUI citations. New Mexico drivers without a recent moving violation can save 15% on their car insurance premiums, on average — compared to the national average of 17%. In addition to earning a cheaper premium for driving incident-free, you may qualify for a safe-driving bonus through your car insurance company. The amount of these discounts may vary, but they typically run between 5 and 10%.

Rating Factor $ Savings % Savings
No Traffic Tickets $247 15.78%
No Accidents $655 33.19%
Good Credit $879 40.01%

Cheap Insurance for Young Drivers in New Mexico

Young drivers (those between the ages of 16 and 25) pay extraordinarily high auto insurance rates, with those aged 16-19 paying the most expensive premiums of all. Because of the risk presented by inexperienced drivers, teens pay more than three times the national average for car insurance. In New Mexico, the typical teen driver pays $4,996 per year, which aligns closely with the national average for all teen drivers.

Age Annual Rate with Parents Annual Rate Alone
16 $5,147 $6,861
17 $4,920 $6,028
18 $4,636 $5,093
19 $4,144 $3,144

Cheap Car Insurance for Bad Drivers in New Mexico

If you have a clean driving record — no at-fault accidents, speeding tickets, DUIs, or other recent citations — you'll probably pay less for car insurance. Conversely, a bad driving record will cause your rates to skyrocket: car insurance premiums typically increase by 34% after a DUI, 33% after an at-fault accident, and 15% after a speeding ticket in New Mexico. The post-citation penalties assessed by car insurance companies after DUI violations and at-fault accidents in New Mexico align with nationwide averages, but drivers enjoy lower-than-average rate hikes after speeding tickets. If you have a clean driving record, be sure to check for good-driving discounts from your insurer.

Rating Factor Annual Rate % Increase
At-Fault Accident $1,972 33.19%
DUI $2,017 34.68%
Speeding Violation $1,564 15.78%
Bad Credit $2,196 40.01%
Car Insurance Laws

State minimum insurance requirements in New Mexico

In New Mexico, the state minimum coverage requirement is liability with limits of:
Optional coverage in New Mexico (varies by carrier):

Liability coverage is legally required in New Mexico and pays for injury and lost wages that you cause to another driver or their passengers as well as damage to the other driver’s vehicle in the event that you are considered “at fault” in an accident. The coverage limits are determined by each individual state and normally split into three categories. In New Mexico, the minimum is listed as 25/50/10 and explained below:

$25,000 bodily injury coverage per person. This is the maximum dollar amount that pays for a single person that you injure in an auto accident.

$50,000 bodily injury coverage per accident. This is the maximum dollar amount that pays for all injuries that you cause in an accident if more than one person is hurt.

$10,000 property damage per accident. This is the maximum dollar amount that pays for damage that you cause in an accident.

These numbers reflect the minimum limits required in New Mexico but higher coverage amounts are available with most companies.

Top New Mexico Car Insurance Companies

The Zebra compares over 200 companies & 1,800 products, so you can save way more than 15% and find the cheapest car insurance in New Mexico.

Car Insurance FAQs

Are digital insurance cards accepted in New Mexico?


What does this mean for you?

While laws are rapidly changing, many states do not accept digital insurance cards including New Mexico. This means you will need a physical insurance card to provide valid proof-of-coverage when necessary.

Do I need uninsured motorist coverage in New Mexico?

Uninsured Drivers in New Mexico
New Mexico




Did you know?

Uninsured motorist coverage protects you from damage caused by other drivers without insurance and hit-and-runs.

How much does car insurance cost in New Mexico cities?

Car insurance companies calculate your rate based on many factors, location of the vehicle being an important one. The cheapest car insurance is found in Alamogordo, New Mexico, and the most expensive in Albuquerque, New Mexico.

Rank City Avg. Annual Premium
1 Albuquerque $1,403
2 South Valley $1,363
3 Santa Fe $1,329
4 Artesia $1,304
5 North Valley $1,303
6 Los Alamos $1,282
7 Los Lunas $1,276
8 Hobbs $1,271
9 Rio Rancho $1,269
10 Espanola $1,248
11 Gallup $1,200
12 Roswell $1,198
13 Carlsbad $1,189
14 Lovington $1,183
15 Las Vegas $1,172
16 Portales $1,163
17 Farmington $1,160
18 Clovis $1,157
19 Deming $1,132
20 Las Cruces $1,120
21 Chaparral $1,092
22 Anthony $1,087
23 Sunland Park $1,076
24 Silver City $1,074
25 Alamogordo $1,052

Recent New Mexico Car Insurance Questions and Answers

What companies offer vacation/ short term rental policies

Jun 02, 2018

Aside from CBIZ and Proper Insurance? Also, I am looking for a company that won’t turn me down if knob ...

If I started a claim with my insurance company but later decided to settle out of pocket with the other driver, will my rate still be impacted?

Aug 11, 2017

My son was involved in an accident and cited for failing to yield while making a left hand turn; the ...

Will my rate go up for filing a claim even if I have accident forgiveness?

Jul 24, 2017

I hit a barrier in a parking garage and damaged my car. My deductible is $500 and the damage will ...

If a friend’s car was keyed while at my house for a party, will he be able to file a claim?

May 06, 2017

A friend of mine had their car keyed while they were at my birthday party last week. I’m willing to ...

Driving Laws

New Mexico Texting and Driving Laws

  1. Ban on hand-held cell phones in State vehicles
  2. Ban on all cell phones for drivers with Permit or Provisional Licenses
  3. Ban on text messaging for all drivers
Alcohol Related Fatalities


Per Year in New Mexico
Annual DUI Arrests
New Mexico
US Average
DUI Legal Limit


Blood Alcohol Content
Average DUI Cost


Nationally, For First Offenders
What does this mean for you?

Driving with a blood alcohol content higher than the number above will put you at risk of being arrested for driving under the influence. If arrested you’ll face harsh consequences and may face varying degrees of jail time, fines, driver’s license suspensions, and reinstatement requirements.

If convicted of a DUI, you can expect the financial obligations to extend beyond the DUI ticket to court costs, attorney fees, higher insurance rates, and potentially the installation of a Ignition Interlock Device to serve as a breathalyzer test each time you start your vehicle.

New Mexico Tour Guide Scholarship

At The Zebra, we know better than most just what a pain buying car insurance can be. We also know that students suffer from higher-than-average policy rates. Talk about a double-whammy. That’s why, this year, we’ve decided to continue The Zebra’s annual scholarship with the goal of helping to alleviate the financial pressures of college-bound students in the New Mexico area, while also getting an insider view of the Land of Enchantment.


So, New Mexico students, we want to see your favorite road trip destination(s) in your state— from your unique perspective. If it makes sense to hit the open road and be our virtual tour guide, that’s great! But there are no limits to what we’re looking for: a narrated animation, a slideshow of memorabilia, an illustrated map of the best roadside attractions on the way. This is a chance for you to showcase any place you love in as an original way as possible.

Please Note:

  • The length of the road trip to your feature destination is inconsequential. So if you have an awesome spot in mind that’s just two miles from home, we want to see it.

Applicants must be currently enrolled at or planning to attend a four-year university, graduate program, community college, or trade school located in the continental United States. Upon notification, winner(s) must supply a current proof of enrollment or letter of acceptance.

How to Apply:
  • Entrants should create an original video not exceeding 2 minutes. Each video submission must be hosted on YouTube or Vimeo, and should be submitted by email to
  • With your submission, please include your name, address, and phone number.
  • Selected winner(s) will be awarded a check for $1,000.
  • Applications must be received no later than 11:59 p.m. CST on December 31st, 2017.
  • Winner(s) will be selected and notified by e-mail by January 31st, 2018.
  • Submissions will be judged by The Zebra and the winner will be selected based on creativity in the content and presentation.
  • Upon notification, winner(s) must also supply a current proof of enrollment at a four-year university, graduate program, community college, or trade school located in the continental United States.

Fine Print

  • By participating, entrants represent that the video submitted is their sole and original work and does not infringe the intellectual property rights of any other party. In other words, no copyrighted music or images may be used.
  • Employees of The Zebra and their immediate family members are not eligible to participate in the contest.
  • Written credits for any technical or talent positions (e.g., editor, director, actors) should be included with your submission, along with any sources used to create the video.