Auto Insurance in New Mexico — Average Cost 2026
Average auto insurance in New Mexico: $1,760/year ($147/month). New Mexico ranks #29 out of 51 states — below the national average.
Average annual
$1,760
Average monthly
$147
National rank
#29
of 51 states
vs national avg
-1.1%
New Mexico vs national average
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State averages are the starting point. Your actual rate depends on your individual profile. Use our calculator for a detailed estimate.
Auto insurance in New Mexico
New Mexico sits 1% below the national average for auto insurance, reflecting the state's lower population density, fewer severe weather events, and lower-than-average litigation rates. Drivers in New Mexico tend to benefit from competitive rates across major insurers.
As with any state, your individual rate depends on your driving record, vehicle, coverage level, and the specific insurer you choose. Comparing multiple quotes can still save New Mexico drivers hundreds of dollars annually.