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Best Car Insurance in New Mexico (2025)

State Farm, GEICO, and USAA are among the best car insurance companies in New Mexico, thanks in part to their affordable premiums and customer satisfaction ratings.

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Shopping for car insurance can be difficult due to the variety of options and the different coverage needs and priorities of each driver. Insurify analyzed 50 car insurance companies to identify the best car insurance in New Mexico based on key factors like price, discounts, and availability.

Here’s what you need to know about getting the best car insurance in New Mexico.

Best car insurance companies in New Mexico

Before settling on an insurer, it’s a good idea to compare multiple companies to see which company best fits your needs. Below are the five best car insurance companies in New Mexico. While they won’t be the right fit for every driver, they can serve as a great starting point on your insurance search.

State Farm: Best overall

GEICO: Best for discounts

USAA: Best for military families

Nationwide: Best for safe and low-mileage drivers

Farmers: Best for coverage options

  • Our editorial team analyzed regional and national auto insurance companies that sell policies in New Mexico to assess which offer the best rates, coverage options, customer service, and savings to drivers. We prioritized competitive rates, 24/7 customer service, low-mileage discounts or programs, safe driving discounts, homeownership discounts or bundling options, and specialty or supplemental coverages.

How to get the best car insurance in New Mexico

If you’re in the market for car insurance, you have ways to get the best coverage and discounts. Here are five tips to help you choose the best car insurance for your needs.1

Average cost of car insurance in New Mexico

Car insurance in New Mexico costs an average of $68 per month for liability-only coverage and $137 per month for full coverage. Even though rates in New Mexico have risen in recent years, they still remain lower than the national average.

The state has seen an increase in car thefts, which has contributed to the rising premiums.2 But you still have plenty of ways to save on your premiums, and many insurers offer rates well below the national average.

Best car insurance in New Mexico FAQs

Before shopping for car insurance in New Mexico, be sure to read the answers to these frequently asked questions about shopping for a policy.

  • How much is car insurance in New Mexico?

    Car insurance in New Mexico costs $103 per month, on average. A full-coverage policy costs $137 per month, and a liability-only policy costs $68 per month.

  • What are the best car insurance companies in New Mexico?

    Some of the best insurance companies in New Mexico include State Farm, GEICO, USAA, Nationwide, and Farmers. But the best insurance company for you depends on your personal characteristics, driving history, coverage needs, and other factors.

  • What is the required auto insurance coverage amount in New Mexico?

    New Mexico requires drivers to have at least $25,000 per person and $50,000 per accident of bodily injury liability coverage and at least $10,000 of property damage liability insurance. If you don’t carry the minimum coverage, you may not be able to register your vehicle with the New Mexico Motor Vehicle Division, or you may have your registration suspended.3

Erin Gobler
Erin Gobler

Erin Gobler is a personal finance writer and journalist based in Madison, Wisconsin. With more than five years of experience, Erin has covered topics such as investing, credit cards, mortgages, insurance, and more. Her work has been featured in major publications like Business Insider, Fox Business, and Time. Erin received her bachelor’s degree from the University of Wisconsin-Oshkosh in 2013, studying journalism and political science. She also received a certificate of financial planning from Boston University in 2022.

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