Cheapest Car Insurance in New Mexico for May 2025

Written by Ben Moore and 1 other
Updated Apr 30, 2025
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Cheapest Car Insurance in New Mexico for May 2025

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Key Takeaways
  • Dairyland and National General offer some of the cheapest car insurance in New Mexico.
  • The average cost of minimum coverage in New Mexico is around $100 per month.
  • Compare quotes from multiple insurers to find cheap car insurance in New Mexico.

You may get cheap car insurance in New Mexico from companies like Dairyland and National General. These insurers are among the most affordable in the state, according to real quotes for Jerry customers.

Below are more affordable companies for minimum and full coverage, plus by age, driving history and credit score.

Compare cheap car insurance quotes in New Mexico.

Cheap liability car insurance in New Mexico

These are the cheapest car insurance companies in New Mexico for minimum coverage, according to Jerry’s data.

Insurance Company
Avg Monthly Quote
Avg Annual Quote
Assurance America $51 $613
Bluefire $62 $744
Bristol West $82 $987
National General $88 $1,054
Safeco $89 $1,067
Dairyland $100 $1,203
Progressive $108 $1,300
Gainsco $110 $1,316
Root $186 $2,237
Last Updated Apr 30, 2025

Minimum car insurance requirements in New Mexico

New Mexico’s minimum car insurance requirements are:

  • $25,000 in bodily injury liability per person.
  • $50,000 in bodily injury liability per accident.
  • $10,000 in property damage liability per accident.

Cheap full coverage car insurance in New Mexico

Here are the most affordable insurers in New Mexico for full coverage policies, according to real quotes for Jerry customers.

Insurance Company
Avg Monthly Quote
Avg Annual Quote
Safeco $181 $2,172
Progressive $204 $2,450
Bristol West $236 $2,827
National General $247 $2,969
Aspen $254 $3,049
Root $270 $3,237
Bluefire $275 $3,297
Electric $277 $3,320
Dairyland $281 $3,368
Gainsco $311 $3,736
Last Updated Apr 30, 2025

If you have a loan or lease on your vehicle, the lender will require full coverage. You may also need gap insurance, which can help you pay off your loan if your car is totaled.

Average car insurance costs for young drivers in New Mexico

Below are the average costs of car insurance in New Mexico for drivers between 18 and 24.

Age Group
Avg Monthly Quote
Avg Annual Quote
18-20 $322 $3,864
21-24 $244 $2,923
Last Updated Apr 30, 2025

Cheap liability car insurance in New Mexico for a 20-year-old

Here are the most affordable insurers in New Mexico for 20-year-olds with minimum coverage policies, according to real quotes for Jerry customers.

Insurance Company
Avg Monthly Quote
Avg Annual Quote
Gainsco $145 $1,740
Dairyland $150 $1,800
Progressive $193 $2,318
Root $207 $2,484
Bristol West $286 $3,428
Last Updated Apr 30, 2025

Cheap full coverage in New Mexico for a 20-year-old

Here are the most affordable insurers in New Mexico for 20-year-olds with full coverage policies, according to real quotes for Jerry customers.

Insurance Company
Avg Monthly Quote
Avg Annual Quote
National General $299 $3,585
Dairyland $347 $4,159
Progressive $398 $4,770
Root $429 $5,151
Bristol West $611 $7,334
Last Updated Apr 30, 2025

Average auto insurance costs for mature drivers in New Mexico (25-54)

Below are the average costs of car insurance for drivers in New Mexico between the ages of 25 to 54.

Age Group
Avg Monthly Quote
Avg Annual Quote
25-34 $183 $2,190
35-44 $165 $1,986
45-54 $134 $1,609
Last Updated Apr 30, 2025

Cheapest liability car insurance in New Mexico for a 35-year-old

These are the cheapest car insurance companies in New Mexico for 35-year-olds with minimum coverage, according to Jerry’s data.

Insurance Company
Avg Monthly Quote
Avg Annual Quote
National General $58 $699
Gainsco $72 $867
Dairyland $73 $877
Bristol West $74 $886
Progressive $87 $1,049
Last Updated Apr 30, 2025

Cheapest full coverage in New Mexico for a 35-year-old

Here are the most affordable insurers in New Mexico for 35-year-olds with full coverage policies, according to real quotes for Jerry customers.

Insurance Company
Avg Monthly Quote
Avg Annual Quote
Progressive $154 $1,850
Dairyland $162 $1,939
Bristol West $189 $2,262
Root $213 $2,557
Gainsco $243 $2,911
Last Updated Apr 30, 2025

Average car insurance costs for older drivers in New Mexico (55+)

Below are the average costs of car insurance for drivers in New Mexico 55 and older.

Age Group
Avg Monthly Quote
Avg Annual Quote
55-64 $132 $1,589
65+ $114 $1,365
Last Updated Apr 30, 2025

Cheapest liability car insurance in New Mexico for a 65-year-old

These are the cheapest car insurance companies in New Mexico for 65-year-olds with minimum coverage, according to Jerry’s data.

Insurance Company
Avg Monthly Quote
Avg Annual Quote
Bristol West $54 $646
National General $54 $652
Dairyland $55 $657
Progressive $76 $913
Last Updated Apr 30, 2025

Cheapest full coverage in New Mexico for a 65-year-old

Below are the cheapest auto insurers in New Mexico for 65-year-olds with full coverage.

Insurance Company
Avg Monthly Quote
Avg Annual Quote
Progressive $115 $1,381
Bristol West $196 $2,346
National General $198 $2,381
Gainsco $228 $2,738
Last Updated Apr 30, 2025

Cheapest car insurance in New Mexico by driving history

Your driving history affects how much you pay for an auto insurance policy. If you have a clean record, you’ll likely pay less than a driver with a violation like a speeding ticket or at-fault accident.

Cheap car insurance for drivers with clean records in New Mexico

Below are the cheapest auto insurers in New Mexico for drivers with clean driving records.

Insurance Company
Avg Monthly Quote
Avg Annual Quote
Assurance America $51 $613
Bristol West $134 $1,609
Progressive $139 $1,673
Gainsco $140 $1,683
Dairyland $151 $1,812
Last Updated Apr 30, 2025

Cheapest car insurance with a speeding ticket in New Mexico

Here are the most affordable insurers in New Mexico for those with a speeding ticket, according to real quotes for Jerry customers.

Insurance Company
Avg Monthly Quote
Avg Annual Quote
Aspire Advantage $110 $1,318
Anchor General $113 $1,358
National General $156 $1,874
Safeco $183 $2,193
Bristol West $185 $2,225
Last Updated Apr 30, 2025

Cheapest car insurance after an at-fault accident with no injury in New Mexico

Below are the cheapest auto insurers in New Mexico for people with an at-fault accident with no injury on their driving record.

Insurance Company
Avg Monthly Quote
Avg Annual Quote
Aspire Advantage $76 $913
Safeco $150 $1,800
National General $185 $2,226
Progressive $189 $2,263
Aspen $195 $2,340
Last Updated Apr 30, 2025

Cheapest auto insurance after an at-fault accident with injury in New Mexico

These are the cheapest car insurance companies in New Mexico for drivers with an at-fault accident with injury, according to Jerry’s data.

Insurance Company
Avg Monthly Quote
Avg Annual Quote
Bristol West $159 $1,902
Dairyland $160 $1,916
Progressive $264 $3,162
Root $328 $3,941
Last Updated Apr 30, 2025

Cheapest car insurance with a DUI in New Mexico

These are the cheapest car insurance companies in New Mexico for drivers with a DUI, according to Jerry’s data.

Insurance Company
Avg Monthly Quote
Avg Annual Quote
National General $90 $1,074
Gainsco $197 $2,359
Progressive $197 $2,369
Root $199 $2,390
Dairyland $227 $2,724
Last Updated Apr 30, 2025

Average auto insurance costs for New Mexico drivers with other violations

Below are average car insurance costs in New Mexico for other driving violations.

Violation Summary
Avg Monthly Quote
Avg Annual Quote
Careless Driving $220 $2,638
Defective Equipment $87 $1,040
Driving on Sus. License $67 $801
Failure to Obey Traffic Sign $165 $1,985
Illegal Turn $101 $1,214
Last Updated Apr 30, 2025

Cheapest auto insurance for low credit scores in New Mexico

New Mexico drivers with low credit scores will likely have more expensive insurance costs than those with higher scores. Below are the most affordable insurers in New Mexico for drivers with a credit score below 550.

Insurance Company
Avg Monthly Quote
Avg Annual Quote
Bristol West $132 $1,588
National General $144 $1,733
Dairyland $152 $1,822
Progressive $155 $1,865
Gainsco $189 $2,268
Last Updated Apr 30, 2025

Learn more: How a credit-based insurance score works

How to find cheap car insurance in New Mexico

Compare quotes from multiple insurers to find the cheapest car insurance policy. Your current insurer may have been the most affordable when you bought your policy, but you can’t be certain unless you compare rates at least once a year.

You can also try these tips to lower your auto insurance costs:

  • Ask your insurer about discounts you qualify for.
  • Install a telematics app on your phone. 
  • Improve your credit score.
  • Pay your policy in full.
  • Bundle your home and car insurance policies with the same company.
Find affordable car insurance in minutes.

More: Best car insurance companies

Factors that affect car insurance costs in New Mexico

How much you pay for coverage depends on a variety of factors, including your:

  • ZIP code.
  • Driving history.
  • Vehicle’s year, make, and model.
  • Claims history.
  • Car usage and miles driven.
  • Deductible amount.

More: How car insurance rates are calculated

Methodology

Data included in this analysis comes from policies that Jerry has quoted within the last 18 months. Jerry services 48 states and offers a range of insurance companies to choose from.

MEET OUR EXPERTS
meet-experts-thumbnail
Ben Moore

Ben Moore is a writer and editor at Jerry and an auto insurance expert. He previously worked as a writer, editor and content strategist on NerdWallet’s auto insurance team for five years. His work has been published in The Associated Press, Washington Post, Chicago Sun-Times, MarketWatch, Nasdaq and Yahoo News. He also served as a NerdWallet spokesperson, with appearances on local broadcast television and quotes in Martha Stewart and Real Simple magazine.

Ben has an extensive background in digital marketing, working on affiliate and programmatic advertising campaigns for brands like Cabela’s, H&R Block and Sears. He holds a bachelors degree in marketing from Olivet Nazarene University.

meet-experts-thumbnail
Annie Millerbernd

Annie is a writer and editor at Jerry and has more than a decade of experience writing and editing digital content. Before joining Jerry, she was an assistant assigning editor at NerdWallet, where she covered loans. Previously, she worked at USAA and newspapers in Minnesota, North Dakota, California, and Texas. She holds a bachelor’s degree in journalism from the University of Minnesota.

Over the past 12 months, 25% of drivers who switched with Jerry paid $85 or less per month. Not all customers find savings. Savings depend on state, policy features, coverage, driving history and other factors.

Editorial Note: This article was written by a paid member of Jerry’s editorial team. Statements in this article do not constitute advice or recommendations. You should consult with an insurance professional about your specific circumstances and needs before making any insurance decisions.