Popular QuestionsPopular Questions About New Mexico Car Insurance

How much does New Mexico car insurance cost? $1,237

New Mexico drivers pay a bit less for car insurance than the average national driver. Car insurance is a necessity if you own a vehicle. Why not take the time to make sure that you are not overpaying for your coverage?

The average American driver pays $1,318 each year for auto insurance. In New Mexico, the average rate is $1,237. You can be sure you are getting the best deal when you compare rates from a variety of insurance companies. Independent insurance agents make comparison shopping easy.

new mexico car insurance cost chart
What does New Mexico car insurance actually do for me?

Accidents can happen to anyone – even the best drivers. Car insurance protects your finances if you find yourself in a motor vehicle collision. Here's a look at some of the ways your insurance will help...

  • Fix Your Car - Not required. We officially call this "comprehensive & collision coverage" and though it is not required by the state, it may be required by your lender.
  • Fix Someone Else's Car – Required/Min. $10,000. We officially call this "property damage liability."
  • Pay Your Medical Bills – Not Required. We officially call this "personal injury protection" or "PIP."
  • Pay Someone Else's Med Bills – Required/Min. $25,000 per person; $50,000 per accident. We officially call this "bodily injury liability."

New Mexico requires every driver to have a certain amount of insurance that will pay for someone else's vehicle damage and medical bills. Most states have similar laws and liability minimum requirements to ensure that drivers are able to cover costs associated with accidents they cause. 

Who pays if the accident wasn't my fault?

The driver who caused the accident is responsible for covering the cost of damages.

How many New Mexico drivers are uninsured: 20.8%

The problem is this: Despite the laws, a large number of New Mexico’s drivers are operating uninsured vehicles. If one of these people is responsible for a collision with your vehicle, they are responsible for covering the costs. However, without insurance, they may not be able to do so and you will be left holding the bag.

That's why "Uninsured Motorist Coverage" is so important. If you are hit by a driver that doesn't have insurance, this policy pays to fix your car and covers your medical bills. In a state where one in five drivers is uninsured, this optional coverage can be extremely helpful.

Which are the best insurance companies in New Mexico?

An independent insurance agent compares multiple companies to find the best policy for your needs.

Travelers
stillwater insurance group
safeco Insurance
central insurnace companies

InformationFind the Best Insurance in Your City

Now, let's take a quick peak at what’s going on in your city. Insurance companies look at a lot of factors when determining car insurance costs. One of many factors is location. Crime rates and time spent in the car will factor into how much your car insurance will cost.

How does your city measure up to the national average?

  • National average car insurance cost - $1318 / year
  • National average car thefts per 1,000 - 2.94
  • National average time spent commuting - 25.4 min


CityCommute Time (min)Theft Rate per 1,000 VehiclesAnnual Cost of InsuranceMonthly Cost of Insurance
Albuquerque20.56.37$1,315$110
Las Cruces15.52.14$1,094$91
Rio Rancho29.01.98$1,315$110
Santa Fe18.32.84$1,267$106
Roswell16.92.12$1,306$109
Farmington17.32.81$1,248$104
Clovis13.74.20$1,181$98
Hobbs18.72.55$1,238$103
Alamogordo18.81.27$1,094$91
Carlsbad17.04.27$1,306$109
Gallup13.65.79$1,219$102
Taos11.51.21$1,239$103

Albuquerque, NM Car Insurance

The average monthly rate for auto insurance in Albuquerque is $110. Depending on a variety of factors such as details about your vehicle, your age and gender, and your driving record, your actual monthly cost could be higher or lower than this average amount. Comparing quotes from multiple carriers enables you to be sure you are getting your coverage at the right price.

Busy, congested roadways are a hotbed for motor vehicle collisions. The good news is that Albuquerque drivers spend less time commuting to and from than most Americans. This can help to keep auto insurance rates affordable in this city. 

Unfortunately, the auto theft rate in Albuquerque is quite high. Did you know that you cannot receive compensation for loss or damage caused by property crimes unless your auto insurance policy includes comprehensive coverage? This optional insurance can also compensate your for damages caused by other non-collision events such as fires and falling objects.

Las Cruces, NM Car Insurance

The average monthly cost for auto insurance in Las Cruces is $91. Your quoted rate might be significantly higher or lower than the average. It depends on several factors such as what kind of car you drive, your age and gender, and whether or not you have been cited for a moving violation or been in an accident in recent years.

The more time you spend on busy, congested roadways, the more likely it is that you will be involved in an accident. In Las Cruces, commute times are lower than the national average, and this reduces your odds of a motor vehicle collision while driving to or from work. Reduced commute times help to keep insurance prices affordable in this city.

While it does happen from time to time, auto theft is not a significant risk in Las Cruces. That does not mean you should skimp out on comprehensive coverage. This optional “other than collision” insurance can provide you with compensation for loss or damage caused by a variety of non-collision events ranging from property crimes to falling trees.

Rio Rancho, NM Car Insurance

The average monthly cost of auto insurance in Rio Rancho is $110. Details such as your vehicle, gender and driving record can play a role in how much your actual monthly cost will be. Each insurance company uses a different method to assess risk and assign rates, so it is to your advantage to shop around for the best coverage.

Residents of Rio Rancho spend more time commuting to and from work than most Americans. This extra time spent on busy congested roadways increases your risk of being involved in a motor vehicle collision. Insurance companies will take into account the amount of driving you do for work when they calculate your rates.

Though the auto theft rate in this city is lower than the national average, it is a risk that all vehicle owners should take into consideration. Adding comprehensive coverage to your auto insurance policy can enable you to be compensated if your vehicle is lost or damaged due to a non-collision event such as theft, vandalism, flood, fire, or falling objects.

Santa Fe, NM Car Insurance

The average monthly cost of auto insurance in Santa Fe is $106. Insurance rates are unique to each policy holder. That's because insurance companies take several factors into account when calculating your monthly rate. These include details about the vehicle, or vehicles, you are insuring as well as the people in your household who will be operating them. It should therefore come as no surprise that your actual rate may be considerable higher or lower than this average. 

Think about how much time you spend on the road, whether commuting to work or driving to the grocery store. It may surprise you when you start to add it all up. Now consider how you are unable to control any other driver around you. That's why you need insurance that fully protects you against the unexpected.

The auto theft rate in Santa Fe exceeds the national average. You can take steps to protect your property by keeping doors locked, using a car-alarm or other anti-theft device, and parking in well-lit areas. In the event that your vehicle is stolen, you can only receive compensation for your loss if your policy includes comprehensive (“other than collision”) coverage. Talk to your independent agent to learn more.

Roswell, NM Car Insurance

The average monthly cost of auto insurance in Roswell is $109. Your actual quoted rate will be based on details such as your vehicle’s age make and model, and information regarding the ages and driving histories of the people who will be operating it. Because each insurance company has its own proprietary method for calculating rates, it is advantageous to obtain and compare quotes from multiple carriers before making a purchase.

Rush hour accidents are all to common. While most are just simple fender-benders, the resultant costs can still be expensive. Fortunately, Roswell commuters don't spend nearly as much time traveling to and from work as drivers nationwide, and this can have a positive effect on overall car insurance rates in this city.

You may want to consider including the optional comprehensive coverage to your auto insurance policy. This “other than collision” coverage can provide you with compensation for damages to your vehicle caused by a number of non-collision event such as vandalism, theft, falling object, fires, and floods. Talk to your local independent insurance agent to learn more.

Farmington, NM Car Insurance

The average monthly cost of auto insurance in Farmington is $104. Your monthly cost could be higher or lower than this, depending on several factors including, but not limited to, the age, make and model of your vehicle and the age, gender and driving record of each driver in your household. Compare quotes to find the best rate.

Farmington commuters have it easy when it comes to the average amount of time spent going to and from work. But every time you jump behind the wheel, you're putting yourself at risk for getting into an accident, particularly during rush hour. 

Farmington has a higher-than average auto theft rate, and this should be a concern of all vehicle owners in the city. If your vehicle is stolen, you cannot be compensated for your losses unless your policy includes “other than collision,” or comprehensive, coverage. This optional insurance also covers against such things as vandalism, falling objects, fires, and floods.

Clovis, NM Car Insurance

The average monthly cost of auto insurance in Clovis is $98. Your actual rate will be calculated according to details such as your vehicle’s age make and model, and information regarding the people who will be operating it. Because each insurance company has its own proprietary method for determining rates, it is advantageous to request and compare quotes from multiple carriers before making a purchase.

Several accidents happen during rush hour as people are fighting traffic in a hurry to get to work or back home. Fortunately for residents of Clovis, average commute times in this city are much shorter than the national average, reducing your risk of being in a collision. This can have a positive effect on insurance rates in the area.

At nearly doubt the national average, the auto theft rate in Clovis is very high. Be sure to protect your vehicle with an anti-theft device and talk to your independent agent about comprehensive coverage. This optional insurance is necessary for you to receive compensation if your vehicle is stolen, targeted by vandals, or damaged by other non-collision events.

Hobbs, NM Car Insurance

The average monthly cost of auto insurance in Hobbs is $103. Your car's make, model and age, as well as your driving record and claims history, can influence how much you are required to pay for auto insurance. Insurance companies use a wide range of details to assess risks and determine rates. Therefore, insurance costs can vary greatly from one driver to the next.

The longer you're behind the wheel, the greater is your chance to be in an accident, and your risk is particularly high during rush hour. Hobbs commuters spend less time traveling to and from work than the average American, and this can have a positive effect on overall insurance rates in this city.

The theft rate in Hobbs is pretty much on par with the national average. It's important to know that without comprehensive coverage included as part of your auto policy, you cannot be compensated for losses resulting from a stolen vehicle, vandalism, falling objects, flood or non-collision-related fire. Talk to your independent insurance agent to learn more about this optional coverage.

Alamogordo, NM Car Insurance

The average monthly cost of auto insurance in Alamogordo is $91. Since your actual auto insurance rate is determined by a variety of considerations, your monthly payment could fluctuate from this rate. Some factors used by insurance companies to calculate rates include details about the vehicle(s) you are insuring and the licensed drivers in your household.

Busy, congested roadways increase your risk of being in a collision. Since Alamogordo drivers don't spend as much time commuting as the average national driver, insurance rates can be slightly lower for many residents of this city. 

The auto theft rate in Alamogordo is lower than the national average, and this may help decrease insurance rates in this city. Talk to your independent insurance agent to learn about how adding comprehensive coverage to your auto insurance policy can enable you to receive compensation for losses resulting from non-collision events like property crimes, falling object, and floods.

Carlsbad, NM Car Insurance

The average monthly cost of auto insurance in Carlsbad is $109. Depending on a variety of details recording your vehicle and the drivers who will be operating it, your monthly cost could be higher or lower than this. Because each insurance company has a different method for calculating rates, it pays to compare quotes from a few carriers before making a selection.

Simply put, the more time you spend on busy roads, the more likely it is that you'll be in an accident. Carlsbad drivers spend less time commuting to and from work than the average national driver, and this helps keep insurance rates affordable for many local residents.

The auto theft rate in Carlsbad is very high and this can increase insurance costs. It is important that vehicle owners in this city are aware that they cannot receive compensation for a stolen vehicle unless their policy includes comprehensive coverage. This optional “other than collision” insurance can also cover against other hazards such as vandalism, floods, falling objects, and fires.