Cheapest auto insurance in New Mexico for 2021

 Drivers in New Mexico pay an average of $385 per year for minimum coverage and $1,419 per year for full coverage, both of which are less than the national average. If you want to find the cheapest car insurance in New Mexico, you should get quotes from USAA, Geico, State Farm, Farmers, and Progressive.

Cheapest auto insurance in New Mexico for 2021

While finding low-cost car insurance in New Mexico may be a priority, you should not skimp on coverage. According to crash data from 2019, a car accident occurs every 11 minutes in New Mexico. Car insurance is required by law in New Mexico, but it is also a good idea to protect your financial health. We conduct research and may be able to assist you in locating car insurance in New Mexico that fits your budget and protects your finances from the consequences of car accidents.

Cheapest auto insurance in New Mexico

When looking for the cheapest auto insurance in New Mexico, the price of New Mexico car insurance is not the only factor to consider. We also looked at the available coverages, discounts, policy features, and third-party rankings for each company.

If you want the cheapest car insurance in New Mexico but don't want to give up quality coverage, these companies might be worth looking into:


If you are a current member of the military, a veteran, or a member of your immediate family, you should begin your search for New Mexico car insurance with USAA. Despite being ineligible for official ranking due to eligibility restrictions, the company is well known for its exceptional customer service, receiving high scores. The low average minimum coverage and full coverage rates are complemented by USAA's military-focused discounts, such as savings for storing your vehicle while deployed and parking your car on a military base.


If you do not qualify for USAA but want the cheapest policy available, Geico may be a good option. Customers can take advantage of the company's low rates as well as its extensive list of discounts, which includes savings for federal employees, good students, and safe drivers. Geico's policies do not allow for much customization, with only a few optional coverages available, but if you need basic coverage at a low cost, it may be worth getting a quote.

State Farm

State Farm, the largest personal auto insurer in the United States, has a reputation for providing high-quality coverage and service. If you prefer working with local agents in brick-and-mortar offices for your insurance needs, State Farm may be appealing. With two safe driving programmes, the company is also known for rewarding safe drivers. Drive Safe & Save is intended for adults, whereas Steer Clear is intended for drivers under the age of 25. Both programmes may save you money while also teaching you or your teen driver safer driving techniques.


Farmers' minimum coverage is slightly higher than New Mexico's average, but its full coverage is significantly less expensive. If you want a highly customizable policy with a plethora of optional coverages, you should get a Farmers quote. Consider adding car rental reimbursement, towing and roadside assistance, ridesharing coverage, guaranteed value coverage, or customised equipment coverage to your policy to round out your coverage.


Although its minimum coverage premium is the highest on our list, you should get a quote from Progressive. Progressive may offer you additional savings if you handle your insurance needs online. If you get your quote online, buy your policy online, and sign up for paperless statements, you may be eligible for a discount. Other ways to save money include being a homeowner (even if you do not insure your home with Progressive), paying in full, and enrolling in the Snapshot driver programme.

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