Cheapest and Best Non-Owner Car Insurance in New Mexico (2024)

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ByMark Fitzpatrick
Edited byVictoria Copans
ByMark Fitzpatrick
Edited byVictoria Copans

Updated: May 20, 2024

Advertising & Editorial Disclosure

Non-owner car insurance is a type of insurance that provides coverage for drivers who do not own a car. It covers third-party property damage or injuries that you may cause while driving someone else's car. In many states, having non-owner car insurance can help you to reinstate your driver's license after a DUI or other serious violation.

In New Mexico, MoneyGeek found that State Farm offers the cheapest rates overall, both for clean records and those with at-fault accidents. For those looking for a combination of affordability and service quality, State Farm is also the top-rated provider.

MoneyGeek Logo IconNon-OwnerCar InsuranceNew Mexico

Why Trust MoneyGeek? MoneyGeek sourced New Mexico data from Quadrant Information Services and examined customer and claim satisfaction ratings from J.D. Power, AM Best and the National Association of Insurance Commissioners (NAIC).

280Plans Analyzed
7Providers Compared

Cheapest Non-Owner Car Insurance in New Mexico

The cheapest non-owners car insurance in New Mexico is offered by the following insurers:

  • Drivers with clean records: State Farm ($27 per month)
  • Drivers with an at-fault accident: State Farm ($31 per month)

There is a $4 monthly price difference between the cheapest insurer for a driver with a violation and the cheapest insurer for someone with a clean driving history.

Cheapest Non-Owner Car Insurance With a Clean Driving Record in New Mexico

For New Mexico residents with clean driving histories, the cheapest non-owner auto insurance plans are offered by:

USAA is also a cheap option for non-owner car insurance in New Mexico, with rates averaging $29 per month. However, its policies are only available to veterans, active military personnel and their families.

The most affordable policies in New Mexico cost $27 per month on average, which is much lower than the national average of $43 per month.

State FarmCheapest Annual Premium$329Cheapest Monthly Premium$27
GEICOCheapest Annual Premium$419Cheapest Monthly Premium$35
FarmersCheapest Annual Premium$593Cheapest Monthly Premium$49
ProgressiveCheapest Annual Premium$598Cheapest Monthly Premium$50
NationwideCheapest Annual Premium$653Cheapest Monthly Premium$54
KemperCheapest Annual Premium$673Cheapest Monthly Premium$56
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The minimum coverage requirements in New Mexico also apply to non-owner car insurance and are as follows:

  • $25,000 for bodily injury liability per person
  • $50,000 for bodily injury liability per accident
  • $10,000 for property damage liability

While these limits meet the legal requirements, they may not provide sufficient coverage for everyone. It's important to estimate your auto insurance coverage needs before selecting a policy.

Cheapest Non-Owner SR-22 Car Insurance in New Mexico

Drivers with violations in New Mexico can get low-cost SR-22 coverage from:

Military personnel in New Mexico with driving offenses on their record can also get affordable SR-22 insurance from USAA, priced at around $45 per month.

If you have a driving offense such as a DUI or at-fault accident on your record, you may be required to file an SR-22, which can result in increased insurance costs. The cheapest non-owner SR-22 insurance in New Mexico costs around $31 per month, which is $28 cheaper than the national average of $59.

State FarmCheapest Annual Premium$367Cheapest Monthly Premium$31
GEICOCheapest Annual Premium$579Cheapest Monthly Premium$48
NationwideCheapest Annual Premium$750Cheapest Monthly Premium$62
ProgressiveCheapest Annual Premium$776Cheapest Monthly Premium$65
KemperCheapest Annual Premium$808Cheapest Monthly Premium$67
FarmersCheapest Annual Premium$853Cheapest Monthly Premium$71
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An SR-22 is a form that serves as proof that you have the minimum required liability insurance coverage in your state. It is not a type of insurance but a certificate of financial responsibility.

New Mexico does not require an SR-22 following severe violations, but you may need to file one if you commit a violation in a state that requires it. New Mexico drivers who are convicted of driving offenses can still expect to pay more for auto insurance as they are considered high-risk.

What Is Non-Owner Car Insurance?

Non-owner auto insurance in New Mexico provides coverage for property damage and bodily injury to others in an at-fault accident. It does not provide coverage for injuries or damages to you or the car you're driving. Non-owner car insurance can also help you avoid a gap in coverage if you're between cars. The following table highlights the differences between non-owner car insurance and a full coverage policy.

Policy Coverage
Full Coverage

Liability insurance

Medical payments

Personal injury protection

Uninsured/underinsured motorist

Rental car liability

Average Cost of Non-Owner Car Insurance in New Mexico

The average monthly cost of non-owner car insurance in New Mexico is $43, which is the same as the national average. Keep in mind that factors such as your age, make and model of your car and driving history have a greater impact on car insurance premiums than your location.

Non-Owner Car Insurance Cost Comparison: National vs. State

National Average Cost

Monthly Premium

New Mexico Average Cost

Monthly Premium

On average, non-owner car insurance in New Mexico is: the same

This is 0% more expensive.

Best Non-Owner Car Insurance in New Mexico

Based on MoneyGeek's analysis, the top companies in New Mexico for non-owner car insurance are:

  • State Farm: MoneyGeek score 77 out of 100 ($27 per month)
  • GEICO: MoneyGeek score 65 out of 100 ($35 per month)
  • Farmers: MoneyGeek score 49 out of 100 ($49 per month)

MoneyGeek evaluates car insurance providers based on various factors, including J.D. Power customer satisfaction ratings, AM Best financial stability ratings and affordability. Our summaries of these top companies can help you choose the best fit for your needs.

MoneyGeek Top Pick
State Farm

State Farm is our top-rated provider of non-owner car insurance in New Mexico, with a high customer satisfaction score and an excellent financial stability rating. The company offers most common coverages including roadside assistance and rental car and travel reimbursement.

State Farm also offers plenty of opportunities to save, including discounts for bundling your insurance policies, insuring multiple vehicles, safe driving, anti-theft systems and defensive driving courses. Rates are generally affordable for teens and those with traffic violations.

Read the full State Farm car insurance review.


Our runner-up pick, GEICO, received high ratings for affordability, financial stability and customer satisfaction. GEICO offers several useful add-on coverages, including mechanical breakdown insurance, which provides better coverage at a lower cost than standard dealer-extended warranties.

Additionally, GEICO offers unique discounts for seatbelt usage, anti-lock brake installation and daytime running lights. Military members, federal employees and students can also benefit from GEICO’s discounts.

Read the full GEICO car insurance review.

Third Place

Farmers is a stable insurance company with good financial standing and minimal customer complaints. While it's not the most affordable option in New Mexico, it provides several coverage options such as roadside assistance, rental car reimbursement, accident forgiveness and new car replacement.

Discounts are also available for policy bundling, insuring multiple cars, installing anti-theft systems and airbags, going paperless, paying premiums upfront and for students with good grades. Farmers also offers a special discount for families who share a car.

Read the full Farmers car insurance review.

Should You Get Non-Owner Car Insurance in New Mexico?

If you frequently drive cars that you don't own or need to reinstate your driver's license in New Mexico, you may consider getting non-owner car insurance. If you fit any of the following profiles, a non-owner car insurance policy may be the right choice for you.

Who Should Consider Non-Owner Car Insurance?

    carColored icon

    Car borrowers

    If you frequently borrow cars from friends, family members or coworkers, getting a non-owner car insurance policy can provide you with valuable coverage. This type of policy ensures that you are financially protected in case of an accident or damage while driving a borrowed vehicle.

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    Occasional renters

    For individuals who frequently rent cars for short periods, a non-owner car insurance policy is highly beneficial. Rental car companies often offer additional insurance, but it can be costly. With a non-owner policy, you can save money by having your own coverage.

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    Drivers between cars

    If you find yourself in a transition period between selling one car and purchasing another, a non-owner car insurance policy can be a smart choice. It ensures continuous coverage during this period, allowing you to avoid potential rate increases when you get regular coverage again.

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    License reinstatement seekers

    Non-owner car insurance may be required by the state DMV in order to reinstate a suspended driver's license. This type of policy can help you fulfill the legal requirements for license reinstatement, enabling you to regain your driving privileges

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Be cautious of providers offering "one-day insurance" in New Mexico as this is not a legitimate insurance product and may be a scam. If you need temporary coverage, such as for a move, it's safer to buy short-term coverage in New Mexico directly from the car rental company to ensure you're adequately protected.

Frequently Asked Questions About Non-Owner Car Insurance in New Mexico

Below, you'll find answers to commonly asked questions regarding New Mexico non-owner car insurance to help you find the best coverage for your needs.

Which company offers the cheapest non-owner car insurance in New Mexico?
Which companies offer non-owner car insurance with the best mix of quality and affordability in New Mexico?
How much does non-owner car insurance cost in New Mexico?

About Mark Fitzpatrick

Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.