Full Coverage Car Insurance in New Mexico
Numbers refreshed
Liability, collision and comprehensive together, priced from the New Mexico averages.
- $118.What full coverage costs each month on average.
- 25/50/10.The lowest liability limits.
- 24th of 51.states. Ranked by price, 1st is highest.
How much full coverage costs in New Mexico
Full coverage adds collision and comprehensive to liability. The $669 liability average in New Mexico grows by $753 a year once you add those two parts.
| 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).
The point where full coverage stops being worth the cost
Lenders and lease companies require it as long as you owe money on the car.
When the car is paid off, check its value against the $753 a year for extra cover. If one bad year of premiums would cover most of the car's value, you're usually better off carrying liability only.
In New Mexico, full coverage for each car
These estimates are for an adult with a clean record, based on IIHS-HLDI loss results. Of the 40 models we price, these are the cheapest and the dearest:
| Car | Per year | Per month |
|---|---|---|
| Honda Pilot | $919 | $77 |
| Honda CR-V | $922 | $77 |
| Subaru Outback | $991 | $83 |
| Toyota RAV4 | $1,068 | $89 |
| Mercedes-Benz C-Class | $1,939 | $162 |
| Chevrolet Camaro | $2,282 | $190 |
| Dodge Charger | $2,519 | $210 |
| Dodge Challenger | $2,655 | $221 |
Source: NAIC 2024 Auto Insurance Database Average Premium Supplement (PDF); IIHS-HLDI, Insurance losses by make and model, 2022-24 models (page table; values via the page's own API).
First written