Best Life Insurance in New Mexico (May 2024)


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ByMark Fitzpatrick
Edited byRae Osborn
ByMark Fitzpatrick
Edited byRae Osborn

Updated: June 23, 2024

Advertising & Editorial Disclosure

For women, the top life insurance provider is Nationwide, with a MoneyGeek Score of 96 and an average monthly premium of $26. For men, Nationwide also comes out on top with the same score of 96 and a slightly higher premium of $27. When searching for the right life insurance policy, consider various factors, including affordability, company stability and customer satisfaction.

Why Trust MoneyGeek? We analyzed 1,488 life insurance quotes alongside customer satisfaction, financial stability reports, product offerings and more to determine the best life insurance companies in New Mexico.

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Coverage costs and company information for life insurance providers were updated in May 2024.

1,488Quotes Analyzed
 
14Companies Compared
 
50ZIP Codes

Best Life Insurance in New Mexico: Summary

Data filtered by:Results filtered by:
Category:
Category:Best Life Insurance Overall
Gender:
Gender:M
NationwideRank1MoneyGeek Score96
GEICORank2MoneyGeek Score96
Mutual of OmahaRank3MoneyGeek Score95
ProtectiveRank4MoneyGeek Score94
AllstateRank5MoneyGeek Score94

Overall Best Life Insurance in New Mexico

How was this MoneyGeek score calculated?

Nationwide is the top-ranked company for the best life insurance in New Mexico, scoring the highest MoneyGeek score for both men and women. Nationwide boasts a MoneyGeek score of 96 for women and 96 for men, with monthly premiums at $26 for women and $27 for men.

Top companies with the highest MoneyGeek scores:

  • Nationwide: MoneyGeek score of 96 out of 100 ($27 per month for men; $26 per month for women)
  • GEICO: MoneyGeek score of 96 out of 100 ($23 per month for men; $23 per month for women)
  • Mutual of Omaha: MoneyGeek score of 95 out of 100 ($27 per month for men; $24 per month for women)

Providing comprehensive insights, MoneyGeek empowers you with clarity and control over your life insurance choices, ensuring your peace of mind in New Mexico.

Best for Men: Nationwide

COMPANY HIGHLIGHTS

Nationwide is the best life insurance provider in New Mexico for men, with an overall MoneyGeek score of 96 and a monthly premium of $27. Nationwide offers a balance of affordability, product range and satisfaction, making it an unrivaled choice.

Pros:

  • High marks in customer satisfaction
  • Affordable premium rates
  • Broad range of insurance products

Best for Women: Nationwide

COMPANY HIGHLIGHTS

Nationwide is the premier choice for the best life insurance in New Mexico for women, offering affordability and comprehensive coverage. It has an overall MoneyGeek score of 96 and an affordable monthly premium of $26.

Pros:

  • High customer satisfaction
  • Diverse product offerings
  • Smooth buying process

Cons:

  • Affordability may be a concern

Best Term Life Insurance in New Mexico

How was this MoneyGeek score calculated?

Nationwide provides the best term life insurance in New Mexico for both men and women, It has a MoneyGeek score of 98 and 97, respectively, with approximate monthly premiums of $20 for men and $19 for women.

Top providers with the highest MoneyGeek scores for life insurance:

  • Nationwide: MoneyGeek score of 98 out of 100 ($20 per month for men; $19 per month for women)
  • GEICO: MoneyGeek score of 97 out of 100 ($17 per month for men; $17 per month for women)
  • Mutual of Omaha: MoneyGeek score of 95 out of 100 ($21 per month for men; $21 per month for women)

Best Term Life: Nationwide

COMPANY HIGHLIGHTS

Nationwide is the leading choice for the best term life insurance in New Mexico, catering to both men and women. With an impressive overall MoneyGeek score of 98 and an affordable monthly premium of approximately $20, Nationwide stands out as a wise financial decision for life insurance needs.

Pros:

  • Outstanding customer satisfaction
  • Highly affordable life insurance options
  • Diverse product offerings

Best Whole Life Insurance in New Mexico

How was this MoneyGeek score calculated?

State Farm provides the best whole life insurance in New Mexico for both men and women, with a MoneyGeek score of 99.

The top 3 highest MoneyGeek scores for whole life insurance providers are:

  • State Farm: MoneyGeek score of 99 out of 100
  • Nationwide: MoneyGeek score of 98 out of 100
  • Mutual of Omaha: MoneyGeek score of 96 out of 100

State Farm has the best scores, followed closely by Nationwide and Mutual of Omaha.

Best Whole Life: State Farm

COMPANY HIGHLIGHTS

State Farm is the top choice for the best whole life insurance in New Mexico, catering to both men and women. With a MoneyGeek score of 99, the company offers comprehensive coverage and unparalleled customer satisfaction.

Pros:

  • Exceptional customer satisfaction
  • Wide range of insurance products
  • Strong financial stability

Cons:

  • Affordability might be an issue
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Best Universal Life Insurance in New Mexico

How was this MoneyGeek score calculated?

Nationwide is the top provider of the best universal life insurance in New Mexico for both men and women, with a MoneyGeek score of 99.

The three highest MoneyGeek scores are:

  • Nationwide: MoneyGeek score of 99 out of 100
  • State Farm: MoneyGeek score of 98 out of 100
  • Mutual of Omaha: MoneyGeek score of 97 out of 100

Best Universal Life: Nationwide

COMPANY HIGHLIGHTS

Introducing Nationwide, your top-of-the-line choice for universal life insurance in New Mexico. With an overall MoneyGeek score of 99, Nationwide has insurance for both men and women seeking dependable coverage and excellence.

Pros:

  • Exceptional client satisfaction
  • Offers competitively priced policies
  • Wide range of insurance products

Best No-Medical-Exam Life Insurance in New Mexico

How was this MoneyGeek score calculated?

Nationwide offers the best no-medical-exam life insurance in New Mexico for both men and women, with a score of 99.

  • Nationwide: MoneyGeek score of 99 out of 100
  • State Farm: MoneyGeek score of 99 out of 100
  • Mutual of Omaha: MoneyGeek score of 97 out of 100

In New Mexico, Nationwide has the best no-medical-exam life insurance, offering premier coverage without the hassle of a medical exam.

Best No-Medical-Exam: Nationwide

COMPANY HIGHLIGHTS

Nationwide provides the best no-medical-exam life insurance in New Mexico, catering to both men and women. With an overall MoneyGeek score of 99, Nationwide offers service excellence.

Pros:

  • High customer satisfaction
  • Competitive premiums
  • Diverse product offerings

How Much Life Insurance Do You Need?

Answer three simple questions to get your recommended coverage amount.

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Best Term Life Insurance for Seniors in New Mexico

How was this MoneyGeek score calculated?

Nationwide has the best term life insurance for seniors in New Mexico. With a MoneyGeek score of 98 for men and approximately 98 for women, Nationwide provides affordable monthly premiums of $66 for men and $64 for women. This insurer's excellence is largely driven by high satisfaction, stability and diversity scores.

Data filtered by:Results filtered by:
Sex:
Sex:M
NationwideRank1Monthly Premium$66MoneyGeek Score98
Mutual of OmahaRank2Monthly Premium$80MoneyGeek Score96
GEICORank3Monthly Premium$79MoneyGeek Score96
State FarmRank4Monthly Premium$121MoneyGeek Score95
PrudentialRank5Monthly Premium$71MoneyGeek Score95

Best Term Life Insurance for Smokers in New Mexico

How was this MoneyGeek score calculated?

Nationwide offers the best term life insurance for smokers in New Mexico. For men, it has a MoneyGeek score of 97 and a monthly premium cost of $47. Prudential takes the top spot for women, with a MoneyGeek score of 95 and a monthly premium of $28. These companies stand out primarily due to their high satisfaction and affordability scores.

Data filtered by:Results filtered by:
Sex:
Sex:M
NationwideRank1Monthly Premium$47MoneyGeek Score97
GEICORank2Monthly Premium$41MoneyGeek Score96
Mutual of OmahaRank3Monthly Premium$48MoneyGeek Score96
PrudentialRank4Monthly Premium$38MoneyGeek Score95
State FarmRank5Monthly Premium$64MoneyGeek Score95

Best Term Life Insurance for Young Adults in New Mexico

How was this MoneyGeek score calculated?

Nationwide offers the best term life insurance for young adults in New Mexico with a MoneyGeek Score of 97 for men and women and average monthly premiums of $13 for men and $17 for women. The strongest contributors to Nationwide's score are high satisfaction, process and diversity scores.

Data filtered by:Results filtered by:
Sex:
Sex:M
NationwideRank1Monthly Premium$13MoneyGeek Score97
GEICORank2Monthly Premium$11MoneyGeek Score97
Mutual of OmahaRank3Monthly Premium$14MoneyGeek Score95
ProtectiveRank4Monthly Premium$11MoneyGeek Score95
AllstateRank5Monthly Premium$11MoneyGeek Score94

Best Cheap Term Life Insurance in New Mexico

How was this MoneyGeek score calculated?

Nationwide and Transamerica offer the best cheap term life insurance in New Mexico for men and women, respectively. Nationwide leads for men with a MoneyGeek score of 98 and a monthly premium of $20, while Transamerica stands out for women with a score of 97 and a monthly premium of $16.

Data filtered by:Results filtered by:
Gender:
Gender:M
NationwideMonthly Premium$20MoneyGeek Score98
GEICOMonthly Premium$17MoneyGeek Score97
TransamericaMonthly Premium$18MoneyGeek Score96
AllstateMonthly Premium$18MoneyGeek Score96
ProtectiveMonthly Premium$19MoneyGeek Score95

Average Cost of Term Life Insurance in New Mexico

The average cost of monthly premiums for life insurance in New Mexico stands at $52 for women and $64 for men. When determining these rates, insurers consider factors like age, health, lifestyle and the amount of coverage.

FAQ: Life Insurance in New Mexico

What is the best life insurance in New Mexico for men?
How much is life insurance in New Mexico for men?
What is the best life insurance in New Mexico for women?
How much is life insurance in New Mexico for women?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark 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 economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.


sources
  • New Mexico Life Insurance Guaranty Association. "FAQ." Accessed May 11, 2024.