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.
To find the best car insurance in New Mexico, compare car insurance quotes from multiple insurers.
Cheap liability car insurance in New Mexico
New Mexico drivers looking to meet legal insurance standards without overspending often turn to minimum liability plans. These policies are limited to paying for others’ injuries and damages if you cause an accident, and exclude your own repair needs. They’re an appealing option for cost-conscious drivers with reliable, older cars.
These are the cheapest car insurance companies in New Mexico for minimum coverage, according to Jerry’s data. Shopping around for quotes helps New Mexico residents identify the best available deal.
Insurance Company
|
Avg Monthly Quote
|
Avg Annual Quote
|
---|---|---|
Assurance America | $51 | $613 |
Bluefire | $62 | $744 |
Bristol West | $83 | $992 |
Safeco | $86 | $1,034 |
National General | $90 | $1,082 |
Dairyland | $99 | $1,193 |
Progressive | $106 | $1,272 |
Gainsco | $109 | $1,303 |
ROOT | $180 | $2,162 |
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
Searching for affordable full coverage auto insurance in New Mexico involves selecting a plan that covers a range of possible risks. Full coverage usually combines liability, collision and comprehensive coverage. This type of policy covers situations like crashes, weather damage, theft and animal collisions — giving you protection on and off the road. It’s particularly useful for higher-value cars.
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 | $178 | $2,131 |
Progressive | $197 | $2,369 |
Bristol West | $224 | $2,686 |
National General | $242 | $2,898 |
Aspen | $254 | $3,049 |
Root | $265 | $3,183 |
Bluefire | $275 | $3,297 |
Electric | $277 | $3,320 |
Dairyland | $286 | $3,428 |
Gainsco | $299 | $3,594 |
If you have a loan or lease on your vehicle, the lender will require
Average car insurance costs for young drivers in New Mexico
In New Mexico, insurance companies typically view young drivers as high risk due to inexperience and a greater chance of error. This results in premium increases, even when there’s no history of claims or tickets as age alone is a dominant factor in rate setting. Drivers can look into monitored driving apps to earn insurance discounts over time.
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 | $298 | $3,577 |
21-24 | $237 | $2,848 |
Cheap liability car insurance in New Mexico for a 20-year-old
A 20-year-old in New Mexico may find liability-only insurance to be a practical solution for affordable driving. When a vehicle has limited resale value, paying for comprehensive coverage often isn’t worth it. This minimal plan helps them stay on the road without overspending.
Here are the most affordable insurers in New Mexico for 20-year-olds with minimum coverage policies, according to real car insurance quotes for Jerry customers.
Insurance Company
|
Avg Monthly Quote
|
Avg Annual Quote
|
---|---|---|
Gainsco | $145 | $1,740 |
Dairyland | $161 | $1,937 |
Progressive | $192 | $2,302 |
Root | $208 | $2,494 |
Bristol West | $254 | $3,046 |
Cheap full coverage in New Mexico for a 20-year-old
A 20-year-old in New Mexico may consider full coverage essential if they’re driving often for daily life. Damage from weather, wildlife or traffic accidents can be costly without it as full coverage fills the gap that liability alone can’t cover.
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 | $383 | $4,592 |
Root | $429 | $5,151 |
Bristol West | $611 | $7,334 |
Average auto insurance costs for mature drivers in New Mexico (25-54)
In New Mexico, experience on the road often leads to reduced insurance costs, especially for drivers who avoid risky behavior. Time behind the wheel builds awareness that helps prevent accidents and fewer claims and a clean history are key to unlocking discounts.
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 | $179 | $2,151 |
35-44 | $162 | $1,947 |
45-54 | $134 | $1,612 |
Cheapest liability car insurance in New Mexico for a 35-year-old
A 35-year-old in New Mexico might lean toward liability-only coverage if their vehicle isn’t worth the added protection. With years of experience and careful driving, they may see no need for comprehensive plans. This option keeps insurance affordable and focused and it reflects a practical approach to both risk and cost.
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
|
---|---|---|
Safeco | $67 | $804 |
National General | $67 | $809 |
Gainsco | $70 | $843 |
Bristol West | $71 | $856 |
Dairyland | $73 | $877 |
Cheapest full coverage in New Mexico for a 35-year-old
A 35-year-old may opt for full coverage to guard against weather, theft, and traffic accidents. With longer distances between cities, reliable protection becomes even more important and comprehensive plans can ease the burden of both natural and manmade vehicle damage. It’s a valuable safeguard for those who travel far or often.
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 | $157 | $1,881 |
Dairyland | $162 | $1,939 |
Bristol West | $189 | $2,262 |
Safeco | $203 | $2,434 |
Root | $209 | $2,509 |
Average car insurance costs for older drivers in New Mexico (55+)
Older drivers in New Mexico might face higher insurance premiums as insurers account for delayed reaction time and health shifts. Expansive highways and unexpected wildlife crossings add to the challenge in the state. Despite years of experience, age itself becomes a more dominant risk factor and insurers respond with cautious but noticeable changes in coverage cost.
Below are the average costs of car insurance for senior drivers in New Mexico 55 and older.
Age Group
|
Avg Monthly Quote
|
Avg Annual Quote
|
---|---|---|
55-64 | $132 | $1,581 |
65+ | $110 | $1,318 |
Cheapest liability car insurance in New Mexico for a 65-year-old
In New Mexico, seniors may reduce their insurance to liability-only when they limit their driving time. A well-maintained car that is driven minimally may not benefit much from a comprehensive policy so choosing minimal coverage can match the limited driving needs. It’s a wise choice for those who prefer simplicity and savings.
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
|
---|---|---|
Dairyland | $55 | $657 |
Bristol West | $59 | $708 |
National General | $66 | $797 |
Progressive | $76 | $913 |
Cheapest full coverage in New Mexico for a 65-year-old
A 65-year-old in New Mexico might opt for full coverage insurance to guard against harsh weather and traffic hazards if they still drive with regularity. Maintaining financial stability by avoiding unexpected repair costs can be a priority during retirement. Many seniors rely on their vehicles for errands and social visits, valuing the peace of mind that comprehensive coverage provides.
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 | $128 | $1,541 |
National General | $148 | $1,776 |
Gainsco | $160 | $1,920 |
Cheapest car insurance in New Mexico by driving history
In New Mexico, insurers use your driving history to understand how you handle responsibility on the road. A pattern of at-fault accidents or traffic violations can point to a higher risk of future claims. This history influences your rate and coverage options as insurers base much of their risk assessment on your past performance.
Cheap car insurance for drivers with clean records in New Mexico
Drivers in New Mexico with clean records typically have more insurance flexibility. It reflects a reliable, safety-conscious driving style and insurers are more likely to offer competitive rates and favorable terms.
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 | $125 | $1,501 |
Progressive | $136 | $1,633 |
Gainsco | $139 | $1,672 |
Dairyland | $149 | $1,790 |
Cheapest car insurance with a speeding ticket in New Mexico
A speeding ticket in New Mexico may impact how insurers view your risk level. Even without a collision, it shows a disregard for speed limits and this can lead to increased premiums or reduced policy options.
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 |
Bluefire | $135 | $1,625 |
National General | $155 | $1,860 |
Bristol West | $168 | $2,018 |
Safeco | $183 | $2,193 |
Cheapest car insurance after an at-fault accident with no injury in New Mexico
At-fault accidents in New Mexico without injuries can still influence your insurance. Damage to property carries financial weight for insurers and they may reevaluate your rates or impose changes.
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 | $151 | $1,817 |
Progressive | $173 | $2,078 |
National General | $180 | $2,161 |
Bristol West | $191 | $2,295 |
Cheapest auto insurance after an at-fault accident with injury in New Mexico
Causing injuries in an accident places you in a higher-risk category with insurers. Medical costs and liability concerns make these events serious and your premiums and terms may be adjusted as a result. These incidents are long-lasting factors in insurance evaluations.
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 | $180 | $2,156 |
Progressive | $264 | $3,162 |
National General | $279 | $3,344 |
ROOT | $328 | $3,941 |
Cheapest car insurance with a DUI in New Mexico
A DUI conviction in New Mexico marks a serious breach of driving safety and insurers respond with caution, often limiting coverage and increasing costs. This violation stays on your record and can affect your standing for years.
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 |
Progressive | $209 | $2,509 |
Gainsco | $226 | $2,707 |
Bristol West | $230 | $2,763 |
Dairyland | $255 | $3,059 |
Average auto insurance costs for New Mexico drivers with other violations
New Mexico drivers with violations like reckless behavior or ignoring traffic signs may be seen as less dependable. These offenses contribute to your risk profile as insurers look for consistency and reliability. Frequent minor violations can build into a major issue.
Below are average car insurance costs in New Mexico for citations and other driving violations.
Violation Summary
|
Avg Monthly Quote
|
Avg Annual Quote
|
---|---|---|
Careless Driving | $175 | $2,095 |
Cell Phone | $135 | $1,617 |
Defective Equipment | $87 | $1,040 |
Driving on Sus. License | $76 | $915 |
Failure to Obey Traffic Sign | $151 | $1,815 |
Cheapest auto insurance for low credit scores in New Mexico
In New Mexico, drivers with lower credit scores might be offered higher premiums. Insurers sometimes interpret this as a sign of greater risk exposure and it can impact what coverage you qualify for.
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 | $135 | $1,616 |
National General | $141 | $1,686 |
Progressive | $152 | $1,827 |
Dairyland | $164 | $1,965 |
Gainsco | $180 | $2,156 |
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.
- Pay your policy in full.
- Install a telematics app on your phone.
- Improve your credit score.
- Bundle your home and car insurance policies with the same company.
Learn 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.
Learn 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.

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.

Annie is a writer and editor at Jerry with more than a decade of experience writing and editing digital content. Before joining Jerry, she was an assistant assigning editor at NerdWallet. Her past work has appeared in the Associated Press, USA Today and The Washington Post. Her work has been cited by NorthWestern University and Harvard Kennedy School. Annie served as a spokesperson for NerdWallet during her time at NerdWallet and has been featured in New York Magazine, MarketWatch and on local television and radio stations.
Previously, she worked at USAA and newspapers in Minnesota, North Dakota, California and Texas. She has a bachelor’s degree in journalism from the University of Minnesota.