+120 more*These quotes are from real Compare.com users New Mexico within the last 10 days. Updated on July 2, 2026
*These quotes are from real Compare.com users New Mexico within the last 10 days. Updated on July 2, 2026
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Senior Director, Media Relations, with Triple-I
30+ years of industry experience
Leadership positions at several trade organizations
Updated
New Mexico, like nearly every state, requires drivers to buy car insurance to legally drive. Residents pay an average of $95 per month for coverage, according to Compare.com data. Auto insurance policies in the Land of Enchantment can be more affordable than in other states, possibly due to its lower population density.[1]
But many car insurance companies in New Mexico offer rates well below the state average, including Progressive, The General, and National General. Monthly premiums for liability insurance start as low as $52.
Let’s take a closer look at the cheapest car insurance companies in New Mexico. We’ll also tell you how you can find the right insurer and save money on your auto policy.
Progressive has the lowest average car insurance rates in New Mexico, with liability policies starting at $52 per month.
New Mexico drivers pay an average of $63 per month for liability insurance and $127 per month for full coverage.
New Mexico requires drivers to have 25/50/10 of liability coverage.[2]
Regardless of New Mexico’s average car insurance premiums, you can still save on coverage. Several insurers offer lower-than-average rates if you know where to look. Comparing quotes from several auto insurance companies can help you find the cheapest price before you buy a policy.
Below, you’ll find the cheapest auto insurance companies in New Mexico, according to Compare.com data.
Company  | Average Monthly Premium |
|---|---|
| Progressive | $52 |
| The General | $57 |
| National General | $58 |
| Sun Coast | $59 |
| Bristol West | $65 |
| Root | $66 |
| GAINSCO | $69 |
| State Farm | $71 |
| Safeco | $77 |
| Direct Auto | $79 |
| USAA | $86 |
| GEICO | $88 |
| Dairyland | $90 |
| Foremost | $108 |
| Liberty Mutual | $126 |
| Allstate | $140 |
| Farmers | $168 |
Progressive offers the cheapest car insurance in New Mexico, with average rates starting at $52 per month.
Keep reading for a breakdown of how New Mexico’s car insurance rates vary by driver and coverage.
How much you pay for car insurance varies based on your driver profile and your needs. Several factors, including your age, gender, ZIP code, and driving record, affect your premiums.[3]
The chart below highlights the cheapest insurers in New Mexico for different driver backgrounds and coverage types, according to Compare.com data.
Driver/Coverage Type | Cheapest Insurer | Insurer’s Average Monthly Premium |
|---|---|---|
| State-minimum coverage | Progressive | $52 |
| Full coverage | Progressive | $89 |
| Teens | Progressive | $104 |
| Seniors | Progressive | $44 |
| Drivers with a speeding ticket | Progressive | $62 |
| Drivers with an at-fault accident | Progressive | $74 |
| Drivers with a DWI | Progressive | $76 |
| Drivers with excellent credit | Progressive | $46 |
| Drivers with poor credit | Progressive | $64 |
Comparing quotes can save you up to $867.*
In New Mexico, state-minimum coverage includes liability insurance, which covers property damage and injuries you cause others in an accident. Even though a liability policy is the cheapest option, you should think about whether you need more coverage than the state requires.[4]
Our data shows that New Mexico drivers pay an average of $63 per month for minimum-coverage car insurance.
If you decide liability insurance is enough for you, here are New Mexico’s five cheapest insurers for minimum coverage, according to Compare.com data.
Company | Average Monthly Premium |
|---|---|
| Progressive | $52 |
| The General | $57 |
| National General | $58 |
| Sun Coast | $59 |
| Bristol West | $65 |
| Root | $66 |
| GAINSCO | $69 |
| State Farm | $71 |
| Safeco | $77 |
| Direct Auto | $79 |
| USAA | $86 |
| GEICO | $88 |
| Dairyland | $90 |
| Foremost | $108 |
| Liberty Mutual | $126 |
| Allstate | $140 |
| Farmers | $168 |
Full-coverage insurance usually comes with comprehensive and collision coverages. These additional coverages can come in handy in a variety of situations, including fires, theft, and vandalism. If you want greater protection on the road, a full-coverage policy might make sense.
And if you have a loan or lease your vehicle, your lender will typically require you to buy full-coverage insurance. We found that drivers in New Mexico pay an average of $127 per month for full-coverage insurance.
Despite these higher premiums, several insurers offer full coverage for close to the average price of liability-only policies in the state.
Here’s a look at the cheapest full-coverage insurance companies in New Mexico, according to Compare.com data.
Company | Average Monthly Premium |
|---|---|
| Progressive | $89 |
| Root | $113 |
| State Farm | $120 |
| National General | $129 |
| Safeco | $144 |
| USAA | $145 |
| Bristol West | $149 |
| GEICO | $149 |
| Sun Coast | $150 |
| Direct Auto | $163 |
| The General | $175 |
| Liberty Mutual | $191 |
| Dairyland | $199 |
| GAINSCO | $206 |
| Allstate | $238 |
| Farmers | $284 |
| Foremost | $348 |
Teen drivers pay more for car insurance than any other age group. Teens are more likely to get into car accidents than older drivers, according to the Centers for Disease Control and Prevention (CDC).[5] Younger drivers lack experience and tend to be riskier drivers. All of these factors drive up rates.
Teen drivers in New Mexico pay an average of $189 per month for an auto policy, according to our research. But you can still secure a good deal if you’re a younger driver or have one on your policy.
The chart below shows the cheapest car insurance companies in New Mexico for teens, according to Compare.com.
Company | Average Monthly Premium |
|---|---|
| Progressive | $104 |
| Root | $105 |
| The General | $108 |
| Sun Coast | $118 |
| National General | $120 |
| Bristol West | $121 |
| GAINSCO | $128 |
| State Farm | $144 |
| Direct Auto | $160 |
| Safeco | $163 |
| Dairyland | $165 |
| USAA | $166 |
| GEICO | $167 |
| Liberty Mutual | $231 |
| Allstate | $288 |
| Farmers | $349 |
Seniors typically enjoy the cheapest car insurance costs of any age group. Older drivers usually have decades of driving experience and drive more responsibly. We found that New Mexico seniors pay an average of $81 per month for auto insurance.
Even with these lower average rates, you might find cheaper coverage from several insurance companies. Here are five of the cheapest car insurance companies in New Mexico for senior drivers, according to Compare.com data.
Company | Average Monthly Premium |
|---|---|
| Progressive | $44 |
| National General | $45 |
| The General | $48 |
| Sun Coast | $50 |
| Bristol West | $54 |
| State Farm | $55 |
| GAINSCO | $59 |
| Root | $60 |
| Direct Auto | $64 |
| Safeco | $67 |
| USAA | $69 |
| GEICO | $69 |
| Dairyland | $76 |
| Liberty Mutual | $104 |
| Allstate | $113 |
| Farmers | $132 |
A speeding ticket can raise your car insurance rates when your policy renews. Your insurer will likely consider you a riskier driver and increase your rates to offset that risk. In fact, our research found that the average premiums rise by 37% after just a single ticket and stay at an elevated level for at least three years.
New Mexico drivers with a ticket pay an average of $114 per month for auto coverage, according to our research. But several auto insurance companies offer cheaper coverage.
This chart outlines the five most affordable insurance companies in New Mexico for drivers with a recent ticket, according to Compare.com data.
Company | Average Monthly Premium |
|---|---|
| Progressive | $62 |
| Sun Coast | $71 |
| National General | $71 |
| The General | $75 |
| Root | $77 |
| Bristol West | $80 |
| GAINSCO | $81 |
| State Farm | $88 |
| Direct Auto | $97 |
| Safeco | $99 |
| USAA | $109 |
| Dairyland | $109 |
| GEICO | $113 |
| Liberty Mutual | $157 |
| Allstate | $178 |
| Farmers | $211 |
If you cause a car accident, your car insurance costs will likely increase even more than a ticket. Our research shows that even one at-fault accident increases average rates by 41% nationwide.
New Mexico residents with a recent accident on their record pay a monthly average of $135 for car insurance, according to Compare.com data.
Fortunately, you can typically find a more affordable policy with one of the five insurers in the chart below.
Company | Average Monthly Premium |
|---|---|
| Progressive | $74 |
| National General | $80 |
| The General | $81 |
| Sun Coast | $84 |
| Root | $86 |
| Bristol West | $89 |
| GAINSCO | $92 |
| State Farm | $98 |
| Safeco | $111 |
| Direct Auto | $112 |
| USAA | $120 |
| GEICO | $121 |
| Dairyland | $124 |
| Liberty Mutual | $174 |
| Allstate | $195 |
| Farmers | $234 |
A driving while intoxicated (DWI) conviction will significantly increase your car insurance costs. Insurers raise rates after a DWI conviction because they consider it one of the riskiest driving behaviors. In fact, our research found that a DWI increases average rates by 61% nationwide.
New Mexico drivers with a DWI pay an average monthly premium of $138. But you’re not necessarily stuck paying these sky-high prices.
Here’s a look at the cheapest car insurance companies for New Mexico drivers with a DWI, according to our data.
Company | Average Monthly Premium |
|---|---|
| Progressive | $76 |
| The General | $80 |
| National General | $84 |
| Sun Coast | $86 |
| Bristol West | $94 |
| Root | $95 |
| GAINSCO | $100 |
| State Farm | $102 |
| Direct Auto | $114 |
| Safeco | $119 |
| USAA | $124 |
| GEICO | $127 |
| Dairyland | $130 |
| Liberty Mutual | $182 |
| Allstate | $202 |
| Farmers | $242 |
Currently, car insurance companies can use a credit-based insurance score when calculating premiums in New Mexico.
Studies have shown that drivers with poor credit are more likely to file a claim.[6] As a result, these drivers often pay more for car insurance. In fact, drivers with poor credit pay 20% more than people with excellent credit, according to our data.
New Mexico drivers with poor credit pay an average of $117 per month for car insurance, according to Compare.com data.
That said, not all insurance companies look at credit, and some offer affordable coverage regardless of your credit history. In the table below, we share the five cheapest companies for drivers with poor credit in New Mexico.
Company | Average Monthly Premium |
|---|---|
| Progressive | $64 |
| The General | $70 |
| National General | $71 |
| Sun Coast | $73 |
| Bristol West | $80 |
| Root | $81 |
| GAINSCO | $85 |
| Safeco | $95 |
| Direct Auto | $97 |
| State Farm | $102 |
| USAA | $105 |
| GEICO | $108 |
| Dairyland | $111 |
| Liberty Mutual | $150 |
| Allstate | $172 |
| Farmers | $206 |
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No single car insurance company is the best option for every type of driver. Factors like your ZIP code, age, credit history, and driving record affect car insurance costs.
To help you with your search, we did the research and found the best car insurance companies in New Mexico for different driver profiles. We chose these insurers based on their average rates, coverage levels, customer reviews, financial strength ratings, and more.
| User Reviews | 4.0 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.6 /5 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $88/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $149/mo |
GEICO's score | Industry average | |
|---|---|---|
| Coverage options | 4.4 | 3.2 |
| Customer service | 4.0 | 3.6 |
| Discounts | 4.0 | 2.9 |
| Policy transparency | 4.2 | 3.1 |
| Value | 3.5 | 2.9 |
Drivers appreciate the easy communication and good customer service, but many are unhappy with the regular and significant price increases.
GEICO makes it easy for New Mexico drivers to save on car insurance. The insurer offers a long list of discounts, including education and affiliation discounts. Plus, you can combine your auto policy with GEICO home insurance and score a bundling discount.
GEICO offers the DriveEasy telematics program, which can save you even more if you’re a safe driver. You can also add coverage like emergency roadside assistance, rental reimbursement, and mechanical breakdown.
Online quotes available
Highly rated mobile app
Above-average J.D. Power customer satisfaction ratings in the Southwest Region[7]
Few local agents in New Mexico
Doesn‘t offer gap insurance
DriveEasy telematics program can raise your rates if it detects poor driving habits
| User Reviews | 4.1 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.7 /5 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $71/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $120/mo |
State Farm's score | Industry average | |
|---|---|---|
| Coverage options | 4.1 | 3.2 |
| Customer service | 3.6 | 3.6 |
| Discounts | 3.0 | 2.9 |
| Policy transparency | 4.2 | 3.1 |
| Value | 3.0 | 2.9 |
Customers appreciate the helpful agents and prompt claim handling, but many are unhappy with the constant rate increases, even for safe drivers. Some also reported poor customer service.
State Farm has been in the car insurance industry for more than 100 years and serves New Mexico residents with affordable options. You can choose from emergency road service coverage, rental reimbursement, and rideshare insurance. Plus, you could save money with the Drive Safe & Save telematics program.
State Farm has local agents throughout the state to help you with your auto policy. You can also easily get a quote from State Farm’s website.
Steer Clear telematics program available for drivers under age 25
A++ (Superior) financial strength rating from AM Best
Bundling discount available
Doesn't offer accident forgiveness coverage
Gap insurance only available to customers with an auto loan through State Farm Bank
Policies must be purchased in-person through a State Farm agent
| User Reviews | 4.9 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.5 /5 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $140/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $238/mo |
Allstate's score | Industry average | |
|---|---|---|
| Coverage options | 0.0 | 3.2 |
| Customer service | 0.0 | 3.6 |
| Discounts | 0.0 | 2.9 |
| Policy transparency | 0.0 | 3.1 |
| Value | 0.0 | 2.9 |
Customers appreciate the insurer's efficient service and knowledgeable agents but find the consistently rising rates and lack of communication to be major drawbacks.
Allstate offers many options to help New Mexico residents save on coverage. If you don’t drive often, you can enroll in the pay-per-mile insurance program Milewise and pay only for the miles you drive. Allstate also offers the Drivewise telematics program that can save you money for driving safely.
Plus, if you bundle your auto and homeowners insurance, you may save up to 25% with a bundling discount. A local agent can help you decide on your coverage options and make sure you get all of the discounts available to you.
Online quotes available
Offers roadside coverage and rental reimbursement
24/7 customer service
Below-average customer satisfaction rating from J.D. Power in the Southwest Region
Average rates may run higher than some competitors
Higher-than-average number of complaints filed with National Association of Insurance Commissioners (NAIC)
Local rates start as low as $52 per month.
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New Mexico requires all drivers to have car insurance. To legally drive in the Land of Enchantment, you must have the following minimum coverage:
$25,000 per person and $50,000 per accident of bodily injury liability coverage for injuries you cause to others in an accident
$10,000 per accident of property damage liability coverage for damages you cause to the other driver’s vehicle in an accident
You can use the New Mexico Insurance Identification Database (IIDB) to verify your insurance and make sure you have sufficient coverage.[8]
Most car insurance experts recommend buying coverage that exceeds the state’s minimum requirements. Insurance professionals typically suggest drivers carry 100/300/100 liability limits for a greater level of financial protection from at-fault accidents. This could be particularly important in New Mexico, since the minimum requirement for property damage liability is only $10,000 per accident — much lower than in other states.
For example, let’s say you hit another car and cause $30,000 worth of damage. Because the minimum required coverage is only $10,000, you’d have to pay the remaining $20,000 out of pocket.
Below, you’ll find the answers to some common questions about car insurance coverage in New Mexico.
New Mexico drivers pay an average of $95 per month for car insurance, according to Compare.com data. On average, liability insurance costs $63 per month and full coverage costs $127 per month.
Progressive offers the cheapest auto insurance in New Mexico, with rates starting at $52 per month, according to Compare.com data.
It depends. Several factors affect your car insurance premiums, including your ZIP code, age, credit, and driving record. New Mexico drivers pay an average of $95 per month for car insurance, compared to the national average of $140 per month.
Yes. It’s illegal to drive a car without car insurance in New Mexico. The state requires drivers to buy $25,000 per person and $50,000 per accident of bodily injury liability coverage and $10,000 per accident of property damage liability coverage.
To get car insurance in New Mexico, you’ll need information about your vehicle (like the make, model, and VIN), information about how and how much you drive, your driver’s license number, and your driving and insurance histories. Comparing quotes from multiple insurers can help you find the best coverage and rates for your budget.
Yes. New Mexico allows self-insurance if you meet strict financial requirements. You must deposit at least $200,000 (or 25% of projected losses) or post a qualifying bond of at least $100,000. You’ll also need at least $1 million in excess coverage, and the New Mexico superintendent of insurance must approve and issue you a certificate of self-insurance.[9]
Yes. You need proof of insurance to register your car in New Mexico. You must provide either a current auto insurance card, a copy of your current auto insurance policy, or a letter from your auto insurance company (on company letterhead) verifying your coverage.
Paying your policy in full every six months is usually cheaper than paying it monthly. Many insurers offer discounts for paying in full at the start of a policy term, and some charge fees for monthly installment plans.
The average cost of full-coverage car insurance in New Mexico is $95 per month, according to Compare.com data. Keep in mind that actual rates will vary based on factors like your age, driving record, credit history, and insurance company.
Data scientists at Compare.com analyzed more than 50 million real-time auto insurance quotes from more than 75 partner insurers in order to compile the rates and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.
All the rates listed in this article have been collected from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide readers with insights into how auto insurance companies determine their premiums.
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Compare.com's #1 goal is to save you money. We publish resources that are based on hard-hitting data and years of industry experience to help you make more informed decisions with your wallet.
Learn more about us, our team, and what makes us tick.
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Senior Director, Media Relations, with Triple-I
30+ years of industry experience
Leadership positions at several trade organizations
At Compare.com, it’s our mission to give you the tools to find the best (and most affordable) insurance for your unique needs and budget. We strive to provide information that’s helpful, clear, and unbiased, and we believe that comparing insurance companies should never put you at risk of spam. Our editorial team — which is made up of experienced writers, editors, insurance agents, and data analysts — has spent thousands of hours researching and creating the coverage overviews, side-by-side comparisons, and detailed reviews you see across our site.
While we make money through partnerships with some of the brands we discuss in our articles, our editorial team operates 100% independently, and these partners never influence or affect the topics, reviews, ratings, or recommendations we provide. We never guarantee favorable reviews or mentions in exchange for compensation from any brands or partners, and we uphold strict editorial standards to ensure our content is always independent, truthful, and unbiased.