Average car insurance cost in New Mexico
New Mexico sits in the pricier half of the country at #30 of 51, with average premiums about 2% above the national average — roughly $48 a year more than the typical American driver pays.
The single most reliable way to cut your premium is comparing quotes — the gap between the cheapest and priciest carrier for the same coverage regularly exceeds $1,000 a year.
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New Mexico car insurance FAQ
How much is car insurance in New Mexico?
Full-coverage car insurance in New Mexico averages $212 per month ($2,544 per year). A state-minimum liability policy averages $71 per month ($852 per year). Your own rate depends on your age, record, vehicle, credit and ZIP code.
Is car insurance in New Mexico more expensive than average?
Yes. New Mexico's full-coverage average of $212/month is about 2% above the U.S. average of $208/month, ranking #30 of 51 (1 = cheapest).
Is New Mexico a no-fault state?
No. New Mexico is an at-fault (tort) state — the driver who causes an accident is responsible for the other party's injuries and property damage through their liability coverage.
How much cheaper is minimum coverage in New Mexico?
Minimum liability in New Mexico averages $71/month versus $212/month for full coverage — a gap of $141/month, or $1,692/year. Minimum coverage only pays for damage you cause to others; it will not repair or replace your own car.
The single most reliable way to cut your premium is comparing quotes — the gap between the cheapest and priciest carrier for the same coverage regularly exceeds $1,000 a year.
Compare car insurance quotesWe may earn a commission if you request quotes through this link. It costs you nothing and never affects the data we publish.