How much is car insurance in New Mexico?
Car insurance in New Mexico cost an average of $1,301 a year for full coverage in 2023 (NAIC), sitting 10% below the $1,439 national average and coming to about $1,540 a year in New Mexico today (about $130 a month in August 2026 dollars). In New Mexico, the law asks for at least 25/50/10 liability, while New Mexico liability-only policies—the closest NAIC figure to minimum coverage—averaged $624 in 2023 (about $740 today).
Average car insurance cost in New Mexico: 10% below the US average
Typical New Mexico full-coverage price today
about $1,540 a year in New Mexico (about $130 a month)
New Mexico's 2023 NAIC full-coverage average ($1,301) adjusted +18% to August 2026 using the US motor-vehicle insurance price index; your New Mexico rate depends on your car, driving history, and coverage limits.
That $1,301 2023 full-coverage figure makes New Mexico the 22nd most expensive of the 50 states and DC (against $1,439 nationally), with 48% going to liability ($624, 26th lowest in the US) and 52% covering physical damage to your own vehicle. NAIC also tracks New Mexico's average expenditure per insured vehicle—$1,082 in 2023 (22nd lowest in the US, or about $1,280 today)—which sits 17% ($219) below New Mexico's full-coverage average because many New Mexico drivers drop collision or comprehensive on older cars.
New Mexico costs less to insure than Arizona, Colorado, Oklahoma, and Texas
A typical full-coverage policy in New Mexico ($1,301 in 2023) costs less than in all four bordering states. Among New Mexico's neighbors, Oklahoma had the lowest 2023 average ($1,324, moving to New Mexico is about the same) and Texas had the highest ($1,727, moving to New Mexico is about $570 less a year).
| State | 2023 average | Moving to New Mexico from there |
|---|---|---|
| New Mexico | $1,301 | Current state (New Mexico) |
| Arizona | $1,505 | About $270 less a year |
| Colorado | $1,655 | About $470 less a year |
| Oklahoma | $1,324 | About the same |
| Texas | $1,727 | About $570 less a year |
| US average | $1,439 | US benchmark |
States with similar 2023 full-coverage averages: Arkansas ($1,296 in 2023, about $1,540 today), Utah ($1,285 in 2023, about $1,520 today), Missouri ($1,323 in 2023, about $1,570 today), and Pennsylvania ($1,273 in 2023, about $1,510 today).
New Mexico: 25/50/10 minimums, with uninsured-motorist coverage unless rejected in writing
- New Mexico liability (per person / per crash / property)
- $25,000 / $50,000 / $10,000
- Personal injury protection (PIP) in New Mexico
- Not required
- Medical payments in New Mexico
- Not required
- No-fault system in New Mexico
- No
- Uninsured motorist in New Mexico
- Included unless you decline in writing
- Underinsured motorist in New Mexico
- Included unless you decline in writing
Set by NM MVD Manual Ch. 11 (quoting NMSA 66-5-205(A), 66-5-208), New Mexico's 25/50/10 minimum pays up to $25,000 per person and $50,000 per crash for injuries you cause to others, plus $10,000 for others' property—the legal floor in New Mexico, not a coverage recommendation, and it excludes collision or comprehensive repairs on your own car.
Liability-only coverage in New Mexico—the closest NAIC figure to what a New Mexico minimum policy costs—averaged $624 in 2023 (about $740 in New Mexico today), the 26th lowest of the 50 states and DC. That makes liability 48% of New Mexico's full-coverage average ($1,301), while the remaining 52% goes toward collision and comprehensive coverage for your own car.
New Mexico requires at least $25,000 per person and $50,000 per crash for injuries, plus $10,000 for property damage. Uninsured-motorist coverage, which also covers underinsured drivers, is included unless you turn it down in writing.
What we couldn’t confirm: We couldn't load the official New Mexico statutes. The limits come from Motor Vehicle Division pages that quote the law, and the uninsured motorist wording comes from current-law text reprinted in a 2025 bill (which failed). We didn't read the uninsured motorist minimums in the law itself.
- Uninsured and underinsured motorist
- Uninsured motorist coverage, which by law also covers underinsured drivers, must be at least $25,000/$50,000 for injuries and $10,000 for property damage (up to $250 of property damage may be excluded). You can buy more, up to your liability limits. You can turn it down, but only in writing, and the rejection becomes part of the policy.
- History and recent checks
- No change found. 2025 bills to raise minimums (SB 319) and to remove the uninsured motorist coverage rejection right (HB 97) both died in the 2025 regular session.
- Checked
- September 22, 2026
- Sources
- NM MVD Manual Ch. 11 (quoting NMSA 66-5-205(A), 66-5-208)
$25,000 because of bodily injury to or death of one person ... $50,000 ... $10,000 because of injury to or destruction of property of others in any one accident
- NM MVD FAQ: What automobile insurance am I required to have
You must have an auto insurance liability policy with minimum coverage of: $25,000 ... $50,000 ... and $10,000 for property damage
- NMSA 66-5-301 (current text as reproduced in 2025 HB 97 committee substitute, which died)
The uninsured motorist coverage described in Subsection A of this section shall include underinsured motorist coverage ... The named insured shall have the right to reject uninsured motorist coverage
- 13.12.3.9 NMAC
The rejection of the provisions covering damage caused by an uninsured or unknown motor vehicle as required in writing by the provisions of Section 66-5-301 NMSA 1978 must be endorsed, attached
- NM Legislature, HB 97 (2025) status
Current Location Died
- NM MVD Manual Ch. 11 (quoting NMSA 66-5-205(A), 66-5-208)
Adding a 16-year-old driver in New Mexico: about $1,020 more a year
Adding a 16-year-old to a New Mexico policy
about $1,020 more a year
About $85 a month (+66% over a typical New Mexico adult policy of $1,540), bringing the combined New Mexico family policy to roughly $1,900–$3,400 a year.
On a separate New Mexico policy of their own with the same car, a 16-year-old in New Mexico would pay about $4,420 a year (roughly $3,350–$6,300), so sharing a parent's New Mexico policy saves about $3,410 a year.
Our teen-driver multipliers come from California's published age-rating filings scaled to New Mexico's baseline. How adding a teen driver works.
Cheapest cars to add a teen with in New Mexico
In New Mexico, the 2022 Subaru Forester, Outback, and Crosstrek come out the same, the least of the 33 cars on the site's popular lists to add a teen with: about $910 more a year on a New Mexico policy, versus about $1,530 more a year for the 2022 Tesla Model 3 at the top of New Mexico's list.
| 2022 model | Added to a New Mexico policy | Own New Mexico policy |
|---|---|---|
| 2022 Subaru Forester | +$910 in New Mexico | $3,950 in New Mexico |
| 2022 Subaru Outback | +$910 in New Mexico | $3,960 in New Mexico |
| 2022 Subaru Crosstrek | +$910 in New Mexico | $3,970 in New Mexico |
| 2022 Honda CR-V | +$980 in New Mexico | $4,250 in New Mexico |
| 2022 Toyota RAV4 | +$990 in New Mexico | $4,320 in New Mexico |
The order is the same in every state, because our car data is national. What changes from state to state is the price level. See all 33 teen cars and how we rank them.
What popular cars cost to insure in New Mexico
In New Mexico, a 45-year-old with full coverage pays from about $1,470 a year for a 2024 Subaru Crosstrek to about $2,050 for a 2024 Kia Forte on these New Mexico sample models.
| Car | 45-year-old in New Mexico | Adding a teen in New Mexico |
|---|---|---|
| 2024 Hyundai Elantra | about $2,020 a year | +$1,330 a year |
| 2024 Kia Forte | about $2,050 a year | +$1,350 a year |
| 2024 Toyota Prius | about $1,720 a year | +$1,140 a year |
| 2024 Nissan Sentra | about $2,040 a year | +$1,350 a year |
| 2024 Volkswagen Jetta | about $1,870 a year | +$1,230 a year |
| 2024 Kia Soul | about $1,840 a year | +$1,210 a year |
| 2024 Subaru Crosstrek | about $1,470 a year | +$970 a year |
| 2024 Honda HR-V | about $1,700 a year | +$1,120 a year |
See all 121 popular cars, SUVs, pickups, and EVs.
Common questions about car insurance in New Mexico
- How much is car insurance in New Mexico?
- In New Mexico, full-coverage car insurance averaged $1,301 a year in 2023 (the 22nd most expensive of the 50 states and DC per NAIC), or about $1,540 a year ($130 a month) in New Mexico as of August 2026. New Mexico liability-only coverage averaged $624 in 2023 (48% of New Mexico's full-coverage figure, or about $740 today), and New Mexico drivers spent $1,082 per insured car across all policies.
- What are the minimum car insurance limits in New Mexico?
- Under NM MVD Manual Ch. 11 (quoting NMSA 66-5-205(A), 66-5-208), New Mexico requires 25/50/10 liability: $25,000 per person and $50,000 per crash for bodily injury, plus $10,000 for property damage. No change found. 2025 bills to raise minimums (SB 319) and to remove the uninsured motorist coverage rejection right (HB 97) both died in the 2025 regular session.
- How much does adding a 16-year-old teen driver cost in New Mexico?
- Adding a 16-year-old to a parent's full-coverage policy in New Mexico adds about $1,020 more a year ($85 a month), bringing the New Mexico household policy to roughly $1,900–$3,400 a year versus about $4,420 a year (roughly $3,350–$6,300) on a standalone New Mexico teen policy.
- Is New Mexico a no-fault car insurance state?
- No—New Mexico is a fault-based (tort) state where the at-fault driver's insurer pays for crash damages, and New Mexico does not require personal injury protection (PIP). For uninsured/underinsured motorist coverage in New Mexico: Uninsured motorist coverage, which by law also covers underinsured drivers, must be at least $25,000/$50,000 for injuries and $10,000 for property damage (up to $250 of property damage may be excluded). You can buy more, up to your liability limits. You can turn it down, but only in writing, and the rejection becomes part of the policy.
- How does New Mexico's car insurance cost compare with Arizona?
- New Mexico averaged $1,301 for full coverage in 2023 (NAIC) against $1,505 in Arizona (14% less than Arizona), and moving a sample policy from Arizona to New Mexico today is about $270 less a year. Other bordering states averaged $1,655 in Colorado, $1,324 in Oklahoma, and $1,727 in Texas in 2023.
Sources for New Mexico
- New Mexico average premiums ($1,301 full coverage, $624 liability-only, $1,082 average expenditure): National Association of Insurance Commissioners (NAIC), 2022/2023 Auto Insurance Database Report (2023 data, trended to today with the BLS CPI motor-vehicle insurance series).
- New Mexico minimum coverage statutes (NM MVD Manual Ch. 11 (quoting NMSA 66-5-205(A), 66-5-208); NM MVD FAQ: What automobile insurance am I required to have; NMSA 66-5-301 (current text as reproduced in 2025 HB 97 committee substitute, which died); 13.12.3.9 NMAC; NM Legislature, HB 97 (2025) status), checked September 22, 2026. Page updated for New Mexico. See methodology and all sources.
This is an estimate to help you plan, not a quote. We don't sell insurance, and nothing you type is sent to us. Only an insurer can give you a real price.