GEICO provides New Mexico's most affordable car insurance, with monthly rates of $46 for minimum coverage and $95 for full coverage. Drivers save $16 monthly (19%) compared to state averages. Get quotes from Central, State Farm, Kemper and Progressive too.
Cheapest Car Insurance in New Mexico
Updated: September 12, 2025
Advertising & Editorial Disclosure
Key Takeaways
GEICO, Central and State Farm offer the cheapest car insurance rates in New Mexico, with savings up to 19% below the state average.
Car insurance costs in New Mexico start at $26 monthly for minimum coverage and $95 for full coverage policies on average.
To find affordable coverage, research top companies, look for discounts and compare multiple provider quotes.
Who Has the Cheapest Car Insurance in New Mexico?
| Geico | $46 | $95 | -19% | $-16 |
| Central Insurance | $32 | $109 | -19% | $-16 |
| State Farm | $37 | $111 | -15% | $-13 |
| Kemper | $45 | $108 | -12% | $-10 |
| Progressive | $60 | $99 | -9% | $-8 |
*These rates are for a 40-year-old with good credit, a clean driving record and a 2012 Toyota Camry across all ZIP codes in the state.
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$159
High
$106
Average
$70
Low
Rates updated:
Sep 12, 2025
| Insurance Carrier | MoneyGeek ScoreMG Score | Average Monthly Payment | |
|---|---|---|---|
| 1 | 96 /of 100 | $70 | |
| 2 |  GEICO | 83 /of 100 | $84 |
| 3 |  Nationwide | 89 /of 100 | $86 |
| 4 | 85 /of 100 | $92 | |
| 5 |  Progressive | 84 /of 100 | $109 |
| 6 | 67 /of 100 | $142 |
Although MoneyGeek partners with some of the companies we recommend, our content is written and reviewed by an independent team of writers, editors and licensed agents. Learn more about our editorial policies and expert editorial team.
Best Car Insurance Rates by Category in New Mexico
Central offers the cheapest rates in four out of our 10 driver categories, while State Farm leads in three categories with affordable rates for drivers with violations. Find your specific rates in the table:
| Young Drivers | Central Insurance | $60 |
| Adult Drivers | Central Insurance | $31 |
| Senior Drivers | State Farm | $47 |
| Drivers With An Accident | Central Insurance | $32 |
| Drivers With A DUI | State Farm | $40 |
| Drivers With A Speeding Ticket | State Farm | $40 |
| Drivers With Bad Credit | Kemper | $77 |
| Drivers With Low Income | Geico | $64 |
| Drivers With Newer Cars | Geico | $49 |
| Drivers With Old Cars | Central Insurance | $26 |
*Rates for the categories above are based on a profile of a 40-year-old with good credit, a clean driving record and a 2012 Toyota Camry across all ZIP codes in the state. Young drivers refer to 16 to 25-year-olds, adults 26 to 64-year-olds and seniors 65+ years of age.
LEARN MORE ABOUT THE BEST CHEAP CAR INSURANCE IN NEW MEXICO
We've created additional guides below to help you in your search for the best and cheapest car insurance in New Mexico:
Compare the Cheapest Car Insurance in New Mexico for You
The tables above show overall winners, but your cheapest option depends on your specific situation. For example, Central offers the lowest rates at $168 monthly for adult drivers with poor credit and an accident record who want 100/300/100 full coverage. Filter the table to match your exact situation:
Data filtered by:Results filtered by:
Select
Age Group:Adult Drivers
Select
Gender:Female
Select
Coverage Level:100/300/100 Full Cov. w/$1,000 Ded.
Select
Credit Alignment:Below Fair
Select
Driving Record:At Fault Accident ($1000-$1999 Prop Dmg)
| Central Insurance | $168 | $2,015 | -49% | $-1,933 |
| Kemper | $185 | $2,225 | -44% | $-1,723 |
| Geico | $250 | $3,001 | -24% | $-947 |
| Farm Bureau | $301 | $3,614 | -8% | $-334 |
| Nationwide | $317 | $3,800 | -4% | $-148 |
*Young drivers refer to 16 to 25-year-olds, adults 26 to 64-year-olds and seniors 65+ years of age.
Cheapest Car Insurance in New Mexico by City
Where you live in New Mexico affects your insurance costs based on local crime, accidents and traffic density. Central charges as little as $24 in Medanales but GEICO costs $47 in Hobbs. Here are the cheapest providers for every New Mexico city:
Data filtered by:Results filtered by:
Select
City:
| Albuquerque | Central Insurance | $34 | -32% | $-34 |
| Las Cruces | Central Insurance | $31 | -24% | $-21 |
| Rio Rancho | Central Insurance | $31 | -31% | $-29 |
| Santa Fe | Central Insurance | $30 | -24% | $-21 |
| Roswell | Geico | $41 | -25% | $-21 |
| Farmington | Kemper | $35 | -19% | $-14 |
| Clovis | Geico | $43 | -21% | $-17 |
| Hobbs | Geico | $47 | -25% | $-22 |
| Carlsbad | Kemper | $36 | -25% | $-21 |
| Alamogordo | Kemper | $29 | -28% | $-19 |
| Gallup | Geico | $41 | -19% | $-15 |
| Sunland Park | Kemper | $38 | -22% | $-19 |
| Deming | State Farm | $29 | -23% | $-17 |
| Los Alamos | Central Insurance | $25 | -32% | $-26 |
| Portales | Kemper | $37 | -19% | $-15 |
| Artesia | Geico | $41 | -25% | $-21 |
| Lovington | Geico | $43 | -23% | $-19 |
| Espanola | Central Insurance | $30 | -29% | $-26 |
| Silver City | Central Insurance | $26 | -24% | $-17 |
| Grants | Central Insurance | $28 | -25% | $-20 |
| Abiquiu | Central Insurance | $28 | -33% | $-29 |
| Alto | Kemper | $38 | -18% | $-14 |
| Amalia | Central Insurance | $30 | -24% | $-20 |
| Amistad | Geico | $40 | -24% | $-20 |
| Angel Fire | Kemper | $36 | -22% | $-18 |
| Animas | Geico | $38 | -22% | $-17 |
| Anthony | Central Insurance | $30 | -20% | $-17 |
| Anton Chico | Geico | $40 | -23% | $-19 |
| Aragon | Central Insurance | $27 | -22% | $-16 |
| Arenas Valley | Central Insurance | $27 | -22% | $-17 |
| Arrey | Central Insurance | $28 | -21% | $-16 |
| Arroyo Seco | Central Insurance | $32 | -21% | $-18 |
| Aztec | Central Insurance | $28 | -21% | $-15 |
| Bard | Geico | $40 | -23% | $-18 |
| Bayard | Central Insurance | $27 | -22% | $-16 |
| Belen | Central Insurance | $32 | -27% | $-26 |
| Bent | Kemper | $35 | -19% | $-14 |
| Berino | Kemper | $37 | -21% | $-17 |
| Bernalillo | Central Insurance | $29 | -30% | $-28 |
| Blanco | Kemper | $34 | -21% | $-15 |
| Bloomfield | Central Insurance | $28 | -19% | $-15 |
| Bluewater Village | Geico | $41 | -24% | $-19 |
| Bosque | Geico | $40 | -28% | $-24 |
| Bosque Farms | Central Insurance | $31 | -28% | $-26 |
| Brimhall | Geico | $43 | -16% | $-13 |
| Broadview | Geico | $43 | -21% | $-18 |
| Buckhorn | Central Insurance | $27 | -22% | $-16 |
| Buena Vista | Kemper | $36 | -22% | $-18 |
| Caballo | State Farm | $31 | -17% | $-13 |
| Canjilon | Kemper | $34 | -28% | $-23 |
| Canones | Kemper | $34 | -29% | $-24 |
| Capitan | Central Insurance | $28 | -23% | $-18 |
| Caprock | Geico | $41 | -24% | $-20 |
| Capulin | Geico | $40 | -24% | $-19 |
| Carrizozo | Central Insurance | $29 | -17% | $-13 |
| Carson | Central Insurance | $32 | -20% | $-18 |
| Casa Blanca | Central Insurance | $31 | -26% | $-23 |
| Causey | Geico | $41 | -24% | $-20 |
| Cebolla | Kemper | $35 | -26% | $-22 |
| Cedar Crest | Central Insurance | $29 | -34% | $-32 |
| Cedarvale | Central Insurance | $31 | -24% | $-22 |
| Cerrillos | Central Insurance | $28 | -31% | $-27 |
| Cerro | Central Insurance | $29 | -27% | $-23 |
| Chacon | Central Insurance | $30 | -21% | $-17 |
| Chama | Kemper | $36 | -24% | $-20 |
| Chamberino | Kemper | $33 | -27% | $-21 |
| Chamisal | Central Insurance | $30 | -24% | $-21 |
| Chaparral | Central Insurance | $30 | -21% | $-18 |
| Chimayo | Central Insurance | $30 | -28% | $-25 |
| Church Rock | Geico | $41 | -23% | $-19 |
| Cimarron | Kemper | $39 | -18% | $-15 |
| Claunch | State Farm | $31 | -34% | $-32 |
| Clayton | Geico | $40 | -23% | $-18 |
| Cleveland | Central Insurance | $30 | -22% | $-18 |
| Cliff | Geico | $38 | -23% | $-18 |
| Clines Corners | Central Insurance | $31 | -23% | $-19 |
| Cloudcroft | Kemper | $33 | -24% | $-19 |
| Cochiti Lake | Central Insurance | $28 | -32% | $-29 |
| Cochiti Pueblo | Central Insurance | $31 | -25% | $-23 |
| Columbus | Geico | $38 | -23% | $-18 |
| Conchas Dam | Geico | $40 | -25% | $-20 |
| Continental Divide | Geico | $41 | -20% | $-15 |
| Cordova | Central Insurance | $30 | -25% | $-21 |
| Corona | Central Insurance | $29 | -23% | $-19 |
| Corrales | Central Insurance | $29 | -36% | $-36 |
| Costilla | Central Insurance | $31 | -24% | $-21 |
| Counselor | Central Insurance | $31 | -24% | $-20 |
| Coyote | Central Insurance | $28 | -32% | $-29 |
| Crossroads | Geico | $41 | -26% | $-22 |
| Crownpoint | State Farm | $32 | -17% | $-13 |
| Cuartelez | Central Insurance | $31 | -25% | $-22 |
| Cuba | Geico | $43 | -26% | $-23 |
| Cubero | Geico | $41 | -26% | $-22 |
| Cuervo | Geico | $40 | -23% | $-18 |
| Datil | State Farm | $31 | -21% | $-16 |
| Derry | Central Insurance | $28 | -21% | $-16 |
| Des Moines | Geico | $40 | -25% | $-21 |
| Dexter | Geico | $41 | -24% | $-20 |
| Dixon | Central Insurance | $29 | -30% | $-26 |
| Dona Ana | Central Insurance | $27 | -29% | $-24 |
| Dulce | Geico | $43 | -22% | $-18 |
| Eagle Nest | Kemper | $37 | -21% | $-17 |
| Edgewood | Central Insurance | $30 | -27% | $-24 |
| Elephant Butte | Central Insurance | $26 | -27% | $-20 |
| Elida | Geico | $41 | -23% | $-18 |
| El Prado | Central Insurance | $33 | -20% | $-18 |
| El Rito | Central Insurance | $28 | -30% | $-25 |
| Embudo | Central Insurance | $29 | -29% | $-25 |
| Encino | Central Insurance | $31 | -17% | $-14 |
| Estancia | Central Insurance | $33 | -22% | $-20 |
| Eunice | Geico | $43 | -23% | $-19 |
| Faywood | Geico | $38 | -23% | $-18 |
| Fence Lake | Geico | $41 | -21% | $-16 |
| Flora Vista | Central Insurance | $28 | -19% | $-14 |
| Floyd | Central Insurance | $30 | -20% | $-16 |
| Folsom | Geico | $40 | -25% | $-20 |
| Fort Bayard | Central Insurance | $27 | -23% | $-18 |
| Fort Stanton | Central Insurance | $32 | -14% | $-11 |
| Fort Sumner | Geico | $40 | -28% | $-23 |
| Fort Wingate | Geico | $41 | -23% | $-18 |
| Fruitland | Central Insurance | $29 | -19% | $-14 |
| Gallina | Central Insurance | $29 | -31% | $-27 |
| Gamerco | Geico | $41 | -20% | $-16 |
| Garfield | Kemper | $34 | -22% | $-17 |
| Garita | Geico | $40 | -24% | $-20 |
| Gila | Central Insurance | $27 | -24% | $-18 |
| Gladstone | Geico | $40 | -24% | $-19 |
| Glencoe | Central Insurance | $32 | -16% | $-13 |
| Glenwood | Central Insurance | $27 | -21% | $-16 |
| Glorieta | Central Insurance | $31 | -22% | $-19 |
| Grady | Geico | $43 | -21% | $-18 |
| Grenville | Geico | $40 | -24% | $-20 |
| Guadalupita | Kemper | $39 | -16% | $-13 |
| Hachita | Geico | $38 | -22% | $-17 |
| Hagerman | Geico | $41 | -23% | $-19 |
| Hanover | Geico | $38 | -21% | $-16 |
| Hatch | Kemper | $33 | -25% | $-19 |
| High Rolls Mountain Park | Central Insurance | $27 | -27% | $-22 |
| Hillsboro | Central Insurance | $28 | -17% | $-13 |
| Holloman AFB | Central Insurance | $27 | -20% | $-15 |
| Holman | Kemper | $36 | -22% | $-18 |
| Hondo | Kemper | $39 | -16% | $-13 |
| Hope | Kemper | $36 | -23% | $-19 |
| House | Geico | $40 | -25% | $-21 |
| Hurley | Central Insurance | $27 | -21% | $-15 |
| Ilfeld | Central Insurance | $29 | -25% | $-21 |
| Isleta | Central Insurance | $29 | -35% | $-34 |
| Jal | Kemper | $37 | -22% | $-18 |
| Jamestown | Geico | $41 | -21% | $-16 |
| Jarales | Central Insurance | $32 | -28% | $-26 |
| Jemez Pueblo | Central Insurance | $29 | -28% | $-25 |
| Jemez Springs | Central Insurance | $28 | -30% | $-27 |
| Kenna | Geico | $41 | -24% | $-19 |
| Kirtland | Central Insurance | $29 | -18% | $-14 |
| Kirtland Air Force Base | Central Insurance | $31 | -29% | $-27 |
| Laguna | Central Insurance | $32 | -25% | $-23 |
| La Jara | Central Insurance | $31 | -25% | $-22 |
| La Joya | State Farm | $31 | -26% | $-21 |
| Lake Arthur | Geico | $41 | -23% | $-19 |
| Lakewood | Geico | $41 | -26% | $-22 |
| La Loma | Geico | $40 | -23% | $-18 |
| La Luz | Central Insurance | $27 | -23% | $-18 |
| La Madera | Central Insurance | $28 | -28% | $-24 |
| Lamy | Central Insurance | $29 | -25% | $-21 |
| La Plata | Central Insurance | $29 | -17% | $-13 |
| Las Vegas | State Farm | $33 | -22% | $-19 |
| La Villita | Central Insurance | $28 | -31% | $-27 |
| Lemitar | State Farm | $31 | -23% | $-18 |
| Lincoln | Kemper | $39 | -16% | $-13 |
| Lindrith | Central Insurance | $28 | -28% | $-24 |
| Lingo | Geico | $41 | -24% | $-20 |
| Llano | Central Insurance | $25 | -37% | $-32 |
| Loco Hills | Geico | $41 | -26% | $-22 |
| Logan | Geico | $40 | -24% | $-19 |
| Lordsburg | Geico | $38 | -22% | $-17 |
| Los Lunas | Central Insurance | $33 | -24% | $-23 |
| Los Ojos | Kemper | $39 | -21% | $-18 |
| Loving | Geico | $41 | -25% | $-21 |
| Luna | State Farm | $31 | -22% | $-17 |
| Magdalena | Geico | $40 | -20% | $-15 |
| Malaga | Geico | $41 | -27% | $-23 |
| Maljamar | Geico | $43 | -23% | $-19 |
| Maxwell | Geico | $40 | -23% | $-19 |
| Mayhill | Kemper | $35 | -23% | $-18 |
| Mcalister | Geico | $40 | -24% | $-19 |
| Mcdonald | Geico | $43 | -29% | $-26 |
| Medanales | Central Insurance | $24 | -40% | $-34 |
| Melrose | Geico | $43 | -21% | $-18 |
| Mentmore | Geico | $41 | -24% | $-19 |
| Mescalero | State Farm | $31 | -20% | $-15 |
| Mesilla Park | Kemper | $35 | -23% | $-19 |
| Mesquite | Kemper | $34 | -26% | $-20 |
| Mexican Springs | Geico | $43 | -16% | $-13 |
| Miami | Kemper | $37 | -20% | $-16 |
| Milan | Central Insurance | $29 | -23% | $-18 |
| Mills | Geico | $40 | -24% | $-19 |
| Milnesand | Geico | $41 | -24% | $-19 |
| Mimbres | Geico | $38 | -22% | $-16 |
| Montezuma | State Farm | $33 | -19% | $-16 |
| Monticello | State Farm | $31 | -21% | $-16 |
| Monument | Geico | $43 | -25% | $-21 |
| Mora | Central Insurance | $30 | -22% | $-18 |
| Moriarty | Central Insurance | $31 | -23% | $-21 |
| Mosquero | Geico | $40 | -24% | $-19 |
| Mountainair | Central Insurance | $31 | -25% | $-22 |
| Mule Creek | Geico | $38 | -24% | $-18 |
| Nageezi | Geico | $41 | -21% | $-17 |
| Nara Visa | Geico | $40 | -24% | $-19 |
| Navajo | Geico | $43 | -19% | $-15 |
| Navajo Dam | Kemper | $36 | -18% | $-13 |
| Newcomb | Kemper | $35 | -22% | $-17 |
| Newkirk | Geico | $40 | -25% | $-20 |
| Nogal | Central Insurance | $30 | -18% | $-14 |
| Ocate | Kemper | $38 | -18% | $-15 |
| Ohkay Owingeh | Central Insurance | $28 | -31% | $-27 |
| Ojo Caliente | Central Insurance | $29 | -28% | $-24 |
| Ojo Feliz | Kemper | $37 | -20% | $-16 |
| Organ | Central Insurance | $28 | -28% | $-23 |
| Orogrande | State Farm | $31 | -25% | $-21 |
| Paguate | Geico | $41 | -29% | $-25 |
| Pecos | Central Insurance | $32 | -18% | $-15 |
| Pena Blanca | Central Insurance | $30 | -26% | $-23 |
| Penasco | Central Insurance | $29 | -26% | $-22 |
| Pep | Geico | $41 | -24% | $-20 |
| Peralta | Central Insurance | $31 | -30% | $-28 |
| Petaca | Central Insurance | $29 | -28% | $-24 |
| Picacho | Kemper | $39 | -17% | $-14 |
| Pie Town | State Farm | $31 | -19% | $-15 |
| Pinehill | Geico | $41 | -23% | $-19 |
| Pinon | Kemper | $34 | -24% | $-18 |
| Placitas | Central Insurance | $27 | -36% | $-33 |
| Playas | State Farm | $31 | -22% | $-18 |
| Polvadera | State Farm | $31 | -22% | $-17 |
| Ponderosa | Central Insurance | $28 | -32% | $-28 |
| Prewitt | Geico | $41 | -23% | $-18 |
| Quay | Geico | $40 | -23% | $-18 |
| Quemado | Geico | $40 | -19% | $-14 |
| Questa | Central Insurance | $29 | -26% | $-22 |
| Rainsville | Kemper | $36 | -22% | $-18 |
| Ramah | Geico | $41 | -20% | $-16 |
| Ranchos De Taos | Central Insurance | $32 | -20% | $-17 |
| Raton | Geico | $40 | -24% | $-19 |
| Red River | Central Insurance | $31 | -20% | $-17 |
| Redrock | Geico | $38 | -23% | $-18 |
| Regina | Central Insurance | $32 | -21% | $-18 |
| Rehoboth | Geico | $41 | -23% | $-19 |
| Reserve | Central Insurance | $27 | -21% | $-16 |
| Ribera | Central Insurance | $32 | -17% | $-14 |
| Rincon | Kemper | $35 | -23% | $-18 |
| Rociada | Kemper | $39 | -18% | $-14 |
| Rodeo | Central Insurance | $26 | -27% | $-21 |
| Rogers | Geico | $41 | -24% | $-19 |
| Rowe | Central Insurance | $32 | -18% | $-16 |
| Roy | Geico | $40 | -23% | $-18 |
| Ruidoso | Central Insurance | $31 | -15% | $-12 |
| Ruidoso Downs | State Farm | $34 | -17% | $-14 |
| Sacramento | Central Insurance | $31 | -20% | $-17 |
| Salem | Kemper | $33 | -22% | $-17 |
| San Acacia | State Farm | $31 | -22% | $-18 |
| San Antonio | State Farm | $31 | -23% | $-18 |
| San Cristobal | Central Insurance | $30 | -24% | $-21 |
| Sandia Knolls | Central Insurance | $29 | -34% | $-33 |
| San Felipe Pueblo | Central Insurance | $29 | -31% | $-28 |
| San Fidel | Central Insurance | $29 | -22% | $-18 |
| San Jon | Geico | $40 | -23% | $-18 |
| San Jose | Central Insurance | $31 | -22% | $-19 |
| Sanostee | Kemper | $34 | -23% | $-18 |
| San Patricio | Kemper | $39 | -16% | $-12 |
| San Rafael | Central Insurance | $27 | -27% | $-21 |
| Santa Clara | Geico | $38 | -20% | $-15 |
| Santa Rosa | Kemper | $35 | -22% | $-17 |
| Santa Teresa | Kemper | $38 | -21% | $-17 |
| Santo Domingo Pueblo | Central Insurance | $31 | -23% | $-20 |
| Sapello | State Farm | $34 | -16% | $-13 |
| Sedan | Geico | $40 | -24% | $-20 |
| Serafina | Kemper | $36 | -22% | $-18 |
| Sheep Springs | Geico | $46 | -20% | $-18 |
| Shiprock | Kemper | $35 | -20% | $-15 |
| Skyline-Ganipa | Geico | $41 | -28% | $-24 |
| Smith Lake | Geico | $41 | -22% | $-17 |
| Socorro | Geico | $40 | -22% | $-17 |
| Solano | Geico | $40 | -24% | $-19 |
| South Valley | Central Insurance | $33 | -32% | $-34 |
| Springer | Geico | $40 | -23% | $-18 |
| Stanley | Central Insurance | $29 | -29% | $-26 |
| St. Vrain | Geico | $43 | -22% | $-18 |
| Sunspot | State Farm | $31 | -25% | $-21 |
| Taiban | Geico | $40 | -28% | $-23 |
| Taos | Central Insurance | $33 | -18% | $-16 |
| Taos Ski Valley | Central Insurance | $31 | -24% | $-21 |
| Tatum | Geico | $41 | -24% | $-19 |
| Tererro | Kemper | $40 | -17% | $-14 |
| Tesuque | Kemper | $38 | -22% | $-18 |
| Texico | Geico | $43 | -22% | $-19 |
| Thoreau | Geico | $41 | -20% | $-15 |
| Tierra Amarilla | Central Insurance | $29 | -26% | $-22 |
| Tijeras | Central Insurance | $30 | -33% | $-32 |
| Timberon | State Farm | $31 | -26% | $-21 |
| Tinnie | Kemper | $39 | -18% | $-14 |
| Tohatchi | Kemper | $37 | -19% | $-15 |
| Torreon | Central Insurance | $33 | -18% | $-16 |
| Trampas | Central Insurance | $29 | -31% | $-28 |
| Trementina | Geico | $40 | -25% | $-20 |
| Tres Piedras | Central Insurance | $29 | -28% | $-25 |
| Truth or Consequences | Central Insurance | $27 | -21% | $-16 |
| Tucumcari | Geico | $40 | -22% | $-17 |
| Tularosa | Kemper | $33 | -23% | $-17 |
| University Park | Central Insurance | $29 | -24% | $-20 |
| Ute Park | Kemper | $37 | -21% | $-17 |
| Vadito | Central Insurance | $30 | -27% | $-23 |
| Vado | Kemper | $34 | -25% | $-20 |
| Valdez | Central Insurance | $31 | -22% | $-19 |
| Vallecitos | Central Insurance | $28 | -28% | $-24 |
| Valmora | Kemper | $37 | -20% | $-16 |
| Vanderwagen | Geico | $41 | -21% | $-17 |
| Veguita | Geico | $40 | -27% | $-23 |
| Velarde | Central Insurance | $28 | -31% | $-28 |
| Wagon Mound | Geico | $40 | -23% | $-18 |
| Waterflow | Kemper | $35 | -20% | $-15 |
| Watrous | Kemper | $38 | -19% | $-15 |
| Weed | State Farm | $31 | -20% | $-16 |
| White Rock | Central Insurance | $24 | -37% | $-30 |
| White Sands | Kemper | $36 | -21% | $-17 |
| Whites City | Geico | $41 | -27% | $-23 |
| Willard | Geico | $40 | -28% | $-24 |
| Williamsburg | State Farm | $30 | -18% | $-13 |
| Winston | State Farm | $31 | -18% | $-13 |
| Yah-ta-hey | Geico | $41 | -21% | $-17 |
| Yeso | Geico | $41 | -25% | $-21 |
| Youngsville | Central Insurance | $33 | -20% | $-18 |
| Zia Pueblo | Central Insurance | $29 | -30% | $-27 |
| Zuni Pueblo | State Farm | $31 | -20% | $-15 |
*The lowest rate referenced is for a minimum coverage policy for a 40-year-old with good credit and no driving violations.
Cheapest Car Insurance in New Mexico by Driver Age Group
We analyzed car insurance rates across New Mexico for three age groups: young drivers (16 to 25), adult drivers (26 to 64) and seniors (65+). Here are the providers that offer the best deals:
- Young drivers can get the lowest rates from Central Insurance, starting at $60 per month
- Adult drivers find the best deals with Central Insurance, with rates from $31 per month
- Senior drivers see the most affordable coverage through Central Insurance, beginning at $46 per month
Cheapest Car Insurance For Young Drivers in New Mexico
Central Insurance offers the lowest price at $60 per month ($718 per year), about 53% below the state average ($816 in yearly savings). GEICO ($82/mo) and State Farm ($85/mo) are the next cheapest options.
Data filtered by:Results filtered by:
Select
Coverage Level:State Minimum Liability Only
Select
Gender:Male
Select
Credit Alignment:Good
Select
Driving Record:Clean
| Central Insurance | $60 | $718 | -53% | $-816 |
| Geico | $82 | $983 | -36% | $-551 |
| State Farm | $85 | $1,024 | -33% | $-510 |
| Kemper | $109 | $1,310 | -15% | $-224 |
| Farm Bureau | $132 | $1,578 | 3% | $44 |
*The rates shown reflect individual policies. Younger drivers may qualify for lower premiums when added to a family policy instead of purchasing coverage on their own.
Cheapest Car Insurance For Adult Drivers in New Mexico
Central Insurance is cheapest at $31 per month ($368 per year), roughly 40% below the state average ($250 saved annually). Runners-up are State Farm ($37/mo) and Kemper ($43/mo).
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Coverage Level:State Minimum Liability Only
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Gender:Male
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Credit Alignment:Good
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Driving Record:Clean
| Central Insurance | $31 | $368 | -40% | $-250 |
| State Farm | $37 | $443 | -28% | $-176 |
| Kemper | $43 | $511 | -17% | $-108 |
| Geico | $46 | $558 | -10% | $-61 |
| Farm Bureau | $48 | $578 | -7% | $-40 |
Cheapest Car Insurance For Senior Drivers in New Mexico
For seniors, Central Insurance leads at $46 per month ($554 per year), about 33% under the state average ($276 saved yearly). State Farm ($47/mo) is close behind; GEICO and Kemper land around $57–$58/mo.
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Coverage Level:State Minimum Liability Only
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Gender:Male
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Credit Alignment:Good
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Driving Record:Clean
| Central Insurance | $46 | $554 | -33% | $-276 |
| State Farm | $47 | $563 | -32% | $-266 |
| Geico | $57 | $690 | -17% | $-140 |
| Kemper | $58 | $701 | -16% | $-129 |
| Farm Bureau | $62 | $739 | -11% | $-91 |
Cheapest Car Insurance For High-Risk Drivers in New Mexico
Your driving record is one of the biggest factors affecting car insurance rates in New Mexico. Drivers with a clean history pay the lowest premiums, while violations such as texting while driving, speeding tickets, accidents, or DUIs can raise costs significantly. The table below highlights the cheapest providers in New Mexico based on different driving records.
- Cheapest for Bad Credit: Kemper (From $73/mo)
- Cheapest With a DUI: State Farm (From $40/mo)
- Cheapest With an Accident: Central Insurance (From $31/mo)
- Cheapest With a Speeding Ticket: Central Insurance (From $38/mo)
- Cheapest With a Texting While Driving Violation: Central Insurance (From $36/mo)
Cheapest Car Insurance For Bad Credit in New Mexico
With poor credit, Kemper is the best value at $73 per month ($879 per year), about 47% cheaper than average ($790 saved annually). Next are Central Insurance ($91/mo) and GEICO ($97/mo).
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Age Group:Adult Drivers
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Coverage Level:State Minimum Liability Only
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Gender:Male
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Driving Record:Clean
| Kemper | $73 | $879 | -47% | $-790 |
| Central Insurance | $91 | $1,096 | -34% | $-573 |
| Geico | $97 | $1,166 | -30% | $-503 |
| Farm Bureau | $102 | $1,219 | -27% | $-449 |
| Nationwide | $129 | $1,551 | -7% | $-118 |
Cheapest Car Insurance With a DUI in New Mexico
After a DUI, State Farm has the lowest rate at $40 per month ($478 per year), around 48% below the state average ($436 saved). Kemper ($49/mo) and Central Insurance ($53/mo) follow.
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Age Group:Adult Drivers
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Coverage Level:State Minimum Liability Only
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Gender:Male
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Credit Alignment:Good
| State Farm | $40 | $478 | -48% | $-436 |
| Kemper | $49 | $589 | -36% | $-326 |
| Central Insurance | $53 | $631 | -31% | $-284 |
| Geico | $66 | $791 | -14% | $-124 |
| Progressive | $69 | $822 | -10% | $-93 |
Cheapest Car Insurance With an Accident in New Mexico
Post-accident, Central Insurance is lowest at $31 per month ($368 per year), about 56% under the state average ($469 saved). State Farm ($43/mo) and Kemper ($51/mo) are the next best options.
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Age Group:Adult Drivers
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Coverage Level:State Minimum Liability Only
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Gender:Male
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Credit Alignment:Good
| Central Insurance | $31 | $368 | -56% | $-469 |
| State Farm | $43 | $517 | -38% | $-320 |
| Kemper | $51 | $616 | -26% | $-222 |
| Geico | $56 | $671 | -20% | $-166 |
| Farm Bureau | $77 | $925 | 10% | $88 |
Cheapest Car Insurance With a Speeding Ticket
With a speeding ticket, Central Insurance again leads at $38 per month ($457 per year), roughly 38% cheaper than average ($284 saved). State Farm ($40/mo) is next, then Kemper ($48/mo).
Data filtered by:Results filtered by:
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Age Group:Adult Drivers
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Coverage Level:State Minimum Liability Only
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Gender:Male
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Credit Alignment:Good
| Central Insurance | $38 | $457 | -38% | $-284 |
| State Farm | $40 | $478 | -35% | $-262 |
| Kemper | $48 | $580 | -22% | $-161 |
| Geico | $54 | $653 | -12% | $-88 |
| Farm Bureau | $58 | $695 | -6% | $-45 |
Cheapest Car Insurance With a Texting While Driving Violation
For a texting citation, Central Insurance is cheapest at $36 per month ($435 per year), about 43% below the state average ($325 saved). State Farm ($40/mo) and Kemper ($48/mo) round out the top picks.
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Age Group:Adult Drivers
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Coverage Level:State Minimum Liability Only
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Gender:Male
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Credit Alignment:Good
| Central Insurance | $36 | $435 | -43% | $-325 |
| State Farm | $40 | $478 | -37% | $-281 |
| Kemper | $48 | $580 | -24% | $-180 |
| Geico | $55 | $654 | -14% | $-106 |
| Farm Bureau | $58 | $695 | -8% | $-65 |
How to Get the Cheapest Car Insurance in New Mexico
Finding affordable insurance companies is just one part of getting the best car insurance rates in New Mexico. Here are proven ways to save the most on auto insurance.
- 1
Compare insurers in both urban and rural areas
Car insurance rates in New Mexico vary widely between larger cities like Albuquerque and Santa Fe and the state’s rural counties. Urban drivers often pay more because of higher theft and accident risks. Rural drivers may pay less but still benefit from comparing multiple quotes. Checking both national carriers and regional companies helps identify the cheapest option for your ZIP code.
- 2
Meet New Mexico’s minimum requirements
The state requires drivers to carry 25/50/10 liability coverage. Insurers are also required to offer uninsured and underinsured motorist protection, though drivers can decline this in writing. Because liability limits are low, many drivers choose higher limits to avoid paying out of pocket after a serious accident.
- 3
Protect against uninsured drivers
Roughly 20% of New Mexico drivers are uninsured, one of the highest rates in the country. Adding UM/UIM coverage is a low-cost way to avoid major expenses if you are hit by someone without insurance.
- 4
Take advantage of discounts offered in New Mexico
Insurers in the state provide common savings opportunities like bundling auto with homeowners or renters, multi-car policies, and good student discounts. Safe-driver programs, paperless billing, and paying in full can also reduce premiums. Some companies also give rural drivers low-mileage discounts, which are useful in areas with fewer daily commutes.
- 5
Match coverage to local risks
Albuquerque has one of the highest vehicle theft rates in the U.S., making comprehensive coverage a smart option. Rural drivers face long commutes, wildlife collisions, and storm damage from hail or flash floods. Comprehensive and collision coverage provide broader protection in both scenarios.
- 6
Maintain a clean driver profile
New Mexico insurers rely heavily on driving history and credit scores when setting premiums. Avoiding violations and maintaining good credit are two of the most effective long-term strategies to keep rates low.
- 7
Use NMAIP if you cannot get coverage
Drivers who cannot obtain a policy in the voluntary market can apply through the New Mexico Automobile Insurance Plan. This program guarantees liability coverage but at higher-than-average rates, so it should only be used as a last resort.
Risks of Getting the Cheapest Car Insurance in New Mexico
New Mexico requires drivers to carry liability insurance with minimum coverage of 25/50/10. This means you need $25,000 for injuries to one person, $50,000 total for injuries in one accident and $10,000 for property damage coverage. But minimum coverage leaves you exposed to major financial risks:
Vehicle damage if you're at fault won't be covered
Without collision coverage, you'll pay all repair costs if you cause an accident. In New Mexico, average property damage claims hit $4,800 in 2023, according to the Insurance Information Institute. That money comes straight from your pocket with minimum coverage. Add collision coverage to protect against expensive repairs.
Weather risks make damage to your car more likely and aren't covered
New Mexico gets hit with severe weather that damages cars regularly. Weather-related property damage averaged $3,200 per incident in 2023, with hail and flash floods being common threats. Basic coverage won't pay for weather damage. Add comprehensive coverage to protect against severe weather that frequently hits New Mexico.
Bodily injury damage is more likely to be higher than the minimum limits
New Mexico's minimum bodily injury coverage of $25,000 per person often isn't enough for serious accidents. Average bodily injury claims in New Mexico reached $22,800 in 2023. With rising medical costs, consider increasing coverage to 50/100/50 for better financial protection against lawsuits.
Not having uninsured motorist coverage opens you up to unexpected costs
New Mexico has a serious uninsured driver problem, with 24.1% of drivers lacking insurance according to the Insurance Information Institute. If an uninsured driver hits you, you'll face steep out-of-pocket costs without uninsured motorist coverage. Legal action against uninsured drivers rarely recovers damages. Add uninsured motorist coverage to protect yourself financially in these situations.
Vehicle theft damage is more likely and uncovered
Car theft is a real problem in New Mexico, according to the National Insurance Crime Bureau. Without comprehensive coverage, you get nothing if your car's stolen or damaged during a theft. The average stolen car claim tops $9,000, so adding comprehensive coverage is worth it in high-risk areas.
Minimum Coverage Requirements in New Mexico
New Mexico law requires all drivers to carry liability insurance before driving a vehicle. The state follows an at-fault system, meaning the driver responsible for an accident must pay for the resulting damages. To comply with state law, policies must include bodily injury and property damage liability. While these limits satisfy minimum requirements, many drivers purchase higher coverage to better protect against costly claims.
Coverage Type | Minimum Required Limit |
|---|---|
Bodily Injury Liability (Per Person) | $25,000 per person |
Bodily Injury Liability (Per Accident) | $50,000 per accident |
Property Damage Liability | $10,000 per accident |
Cheap Car Insurance in New Mexico: Bottom Line
GEICO offers the lowest car insurance rates in New Mexico for most drivers and coverage types, according to our analysis. While the cheapest option is tempting, don't make price your only factor. Get as much coverage as you can afford to protect your finances when accidents happen.
Cheap Car Insurance in New Mexico: FAQ
Below we answer common questions about car insurance to help you find the right coverage at affordable rates.
What are the cheapest car insurance companies in New Mexico?
GEICO provides the most affordable car insurance in New Mexico, with average annual rates of $552 for minimum coverage and $1,140 for full coverage. Central, State Farm, Kemper and Progressive also offer competitive rates.
Who has the cheapest car insurance rates for young drivers in New Mexico?
Central provides the most affordable rates for young drivers in New Mexico, with monthly premiums starting at $60 for minimum coverage.
Who offers the cheapest car insurance rates for seniors in New Mexico?
Senior drivers in New Mexico can find the most competitive rates with State Farm, which offers monthly premiums starting at $47 for drivers 65 and older.
Who has the cheapest car insurance in New Mexico for bad credit?
Kemper provides the most affordable rates for bad-credit drivers in New Mexico, with monthly premiums averaging $77 for minimum coverage and $170 for full coverage.
Who has the cheapest car insurance in New Mexico with an accident?
Central offers the most affordable car insurance rates for New Mexico drivers with an accident history, starting at $32 per month for minimum coverage.
Who has the cheapest car insurance in New Mexico with a DUI?
State Farm provides the cheapest car insurance after a DUI in New Mexico, with rates of $40 monthly for minimum coverage and $117 monthly for full coverage.
Who has the cheapest car insurance in New Mexico for those with a speeding ticket?
New Mexico drivers with a speeding ticket can find the lowest insurance rates with State Farm, charging $40 monthly for minimum coverage and $117 for full coverage.
Should you buy the cheapest car insurance in New Mexico?
Buying the cheapest insurance saves money upfront, but you need enough coverage to protect against major losses. GEICO balances low prices with solid coverage options in New Mexico.
How We Found the Most Affordable Car Insurance in New Mexico
MoneyGeek collected auto insurance data from the New Mexico Department of Insurance and Quadrant Information Services. We analyzed quotes from 12 major insurers and reviewed more than 200 million rate comparisons across every residential ZIP code in New Mexico.
New Mexico Driver Profile
Our analysis started with a standard driver profile to find the cheapest rates:
- 40-year-old male
- 2012 Toyota Camry LE
- Clean driving record
- 12,000 miles driven annually
- Good credit
- Valid license
- Currently insured
- No claims history
We adjusted this sample profile, as specified, to find the cheapest option for various driver backgrounds.
Standard Coverage Levels in New Mexico
We compared car insurance companies in New Mexico that offer minimum and full coverage policies. We set the limits of the minimum coverage car insurance policy to the minimum amount required by law in New Mexico.
The minimum coverage liability limits in New Mexico are:
- $30,000 per person for bodily injury
- $60,000 per accident for bodily injury
- $25,000 per accident for property damage
For full coverage policy rates, we used the following liability limits:
- $100,000 for bodily injury liability per person
- $300,000 for bodily injury liability per accident
- $100,000 for property damage liability
- Comprehensive and collision coverage with a $1,000 deductible
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.