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Car insurance rates in New Mexico

Written by:
March 31, 2025
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This story was produced by Way and reviewed and distributed by Stacker Media.

Car insurance rates in New Mexico

The auto insurance rates published in this guide are based on the results of research completed by Way.com's data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes. These rates were publicly sourced from insurer filings and should be used for comparative purposes only.

- USAA provides the cheapest liability coverage at $23 per month in New Mexico.
- USAA offers the cheapest rates for full coverage insurance in New Mexico at $92 per month.
- At $136 per month, Las Cruces is the cheapest city for car insurance in New Mexico.

Read on to learn more about car insurance price trends in New Mexico. More car insurance rate data is available in the original article at Way.com.

Cheapest liability insurance in New Mexico

For drivers looking to meet New Mexico minimum car insurance requirements, liability-only insurance is the most budget-friendly choice.

Cheapest liabiility insurance in New Mexico
#1. USAA: $23
#2. Iowa Farm Bureau: $34
#3. Farm Bureau: $40
#3. State Farm: $40
#5. Progressive: $41

Cheap full coverage in New Mexico

Full coverage combines liability, comprehensive, and collision insurance, offering broader protection than liability coverage, which only covers damages or injuries you cause to others.

Cheapest full coverage insurance in New Mexico
#1. USAA: $92
#2. Progressive: $129
#3. State Farm: $132
#4. Nationwide: $144
#5. Farmers: $187

Impact of traffic violations on New Mexico auto insurance rates

In New Mexico, your car insurance premiums can rise significantly due to traffic violations. The extent of the increase depends on factors such as the violation type, local regulations, and the insurer's policies. Minor offenses like speeding might cause a small increase, while more serious violations, such as DUIs, can lead to much higher rates. Additionally, the effect on premiums in New Mexico may differ from the national average due to regional risks and rules.

Here's a breakdown of average auto insurance rates in New Mexico after common driving violations.

- No violation: $169
- Not-at-fault accident: $176
- Failure to wear a seat belt: $187
- Speeding 6 - 10 MPH over limit: $204
- Speeding 21 - 25 MPH over limit: $211
- DUI: $327
- Reckless driving: $313
- Driving with a suspended license: $314
- Leaving scene of an accident/hit and run: $336

Car insurance rates across New Mexico's top cities

Your location impacts your car insurance rate. Busy cities mean higher costs due to traffic, while quieter towns often have lower premiums.

Cities with the cheapest average monthly premium in New Mexico
#1. Las Cruces: $136
#2. Deming: $141
#3. Buckhorn: $142
#3. Hurley: $142
#5. Bayard: $143

Cities with the most expensive average monthly premium in New Mexico
#1. South Valley: $210
#2. Kirtland Air Force Base: $200
#2. Carnuel: $200
#4. North Valley: $199
#4. Los Ranchos de Albuquerque: $199

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