Average Car Insurance Cost in New Mexico
Numbers refreshed
NAIC averages for New Mexico, broken down by coverage, along with its national rank.
- $1,422.That's the yearly average for full coverage.
- 25/50/10.The minimum liability limits.
- 24th of 51.Rank on the list of most expensive states (1st = highest).
Average cost by coverage in New Mexico
In New Mexico, full coverage averages $1,422 a year. The US average is $1,613 a year, so that figure is 12% less.
Average spending per insured car rose from $1,082 in 2023 to $1,180 in 2024, an increase of 9.1%.
| Coverage in New Mexico | Per year | Per month |
|---|---|---|
| Liability | $669 | $56 |
| Collision | $459 | $38 |
| Comprehensive | $294 | $25 |
| Full coverage (all three) | $1,422 | $118 |
Source: NAIC 2024 Auto Insurance Database Average Premium Supplement (PDF).
New Mexico compared with similar states
| State | Rank | Full coverage a year | A month |
|---|---|---|---|
| Arkansas | 21st | $1,465 | $122 |
| Missouri | 22nd | $1,462 | $122 |
| Oklahoma | 23rd | $1,454 | $121 |
| New Mexico | 24th | $1,422 | $118 |
| Utah | 25th | $1,403 | $117 |
| Alaska | 26th | $1,399 | $117 |
| Pennsylvania | 27th | $1,396 | $116 |
Source: NAIC 2024 Auto Insurance Database Average Premium Supplement (PDF).
The number for you
Averages blend every age and record together. The New Mexico calculator adjusts for your own.
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