Cheapest car insurance for high-risk drivers in New Mexico

Which company has the cheapest car insurance in New Mexico for a bad driving record?

Progressive offers the cheapest average rate in New Mexico for drivers with a poor driving record at $2,112 per year. State Farm and GEICO also rank among the more affordable insurers for high-risk drivers.

Having accidents, DUIs or traffic tickets on your driving record will make you pay more for insurance. Most tickets will affect your rates for three to five years. A DUI can affect your rates for up to 10 years and can stay on your record for life.

Company	Average annual premium for clean record	Annual premium for high-risk driver
Progressive	$1,557	$2,112
State Farm	$1,669	$2,579
GEICO	$1,406	$2,650
Nationwide	$1,806	$3,094
Allstate	$2,834	$3,580
Iowa Farm Bureau	$2,912	$3,869
Kemper	$3,268	$4,000
Farmers	$2,740	$4,700
USAA	$1,054	$1,583

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How much is high-risk car insurance in New Mexico?

The average cost of high-risk car insurance in New Mexico is $3,057 annually. However, some insurers offer rates far below the state average, with premiums starting around $2,112 per year.

Not every high-risk factor affects premiums equally. A single speeding ticket may cause only a moderate increase, while multiple violations, at-fault accidents or poor credit can raise rates substantially.

Average annual car insurance rate for At-fault bodily injury accident in New Mexico, NM is $2,970

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Company	Annual premium for clean record	Annual premium after violation
USAA	$1,054	$1,601
State Farm	$1,669	$1,919
Progressive	$1,557	$2,288
GEICO	$1,406	$2,551
Nationwide	$1,806	$3,005
Iowa Farm Bureau	$2,912	$3,774
Kemper	$3,268	$4,050
Farmers	$2,740	$4,292
Allstate	$2,834	$4,375

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Average annual rate

People ask

Who is considered a high-risk driver in New Mexico?

Each insurance company has its own rules for deciding who is a high-risk driver. But usually, things like a DUI, several tickets or accidents, or serious violations like reckless driving will put you in the high-risk category.

What company offers the cheapest car insurance in New Mexico after a DUI?

State Farm offers the cheapest average rate for drivers with multiple tickets at $1,788 annually or $149 monthly.

A DUI is one of the most serious traffic violations to have on your record. Not only do you have to pay fines, but you'll also see vastly higher car insurance rates for up to 10 years. Multiple DUIs will cause your premiums to skyrocket.

The table below compares average car insurance rates with a clean driving record and rates after a DUI in New Mexico.

Company	Average annual premium for clean record	Annual premium for a DUI
State Farm	$1,669	$1,788
Progressive	$1,557	$1,844
GEICO	$1,406	$2,996
Allstate	$2,834	$3,924
Nationwide	$1,806	$4,027
Kemper	$3,268	$4,029
Iowa Farm Bureau	$2,912	$4,746
Farmers	$2,740	$5,021
USAA	$1,054	$2,093

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What is the cheapest car insurance in New Mexico with multiple tickets?

State Farm offers the lowest average rates for drivers with multiple traffic tickets at $1,788 annually or $149 monthly.

One ticket will affect car insurance rates, but multiple tickets will increase rates by a lot more. Repeated failure to obey speed limits and traffic laws means insurers are more likely to pay claims because of your risky driving.

This table shows New Mexico drivers how much multiple tickets increase premiums.

Company	Average annual premium for clean record	Annual premium with a speeding ticket
State Farm	$1,669	$1,788
Progressive	$1,557	$2,047
Nationwide	$1,806	$2,522
GEICO	$1,406	$2,596
Allstate	$2,834	$3,170
Iowa Farm Bureau	$2,912	$3,204
Kemper	$3,268	$3,854
Farmers	$2,740	$3,993
USAA	$1,054	$1,321

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Expert's Insight Two minor tickets can sometimes cost you more on insurance in the end than one major violation.

Which company offers the cheapest insurance for reckless driving in New Mexico?

State Farm provides the cheapest average reckless driving insurance rates in New Mexico at $1,788 per year.

If you engage in hazardous driving behaviors that endanger others, you may be charged with reckless driving. A reckless driving conviction will increase your car insurance rates.

The table below shows car insurance rates for drivers with a clean record vs. drivers with a reckless driving conviction.

Company	Average annual premium for clean record	Annual premium for reckless driving
State Farm	$1,669	$1,788
Progressive	$1,557	$2,194
GEICO	$1,406	$2,996
Allstate	$2,834	$3,924
Nationwide	$1,806	$4,027
Kemper	$3,268	$4,461
Iowa Farm Bureau	$2,912	$4,746
Farmers	$2,740	$5,311
USAA	$1,054	$1,435

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Expert's Insight A reckless driving conviction can limit your car insurance options and significantly raise rates, so shopping around is critical.

Which company has the cheapest car insurance for drivers with bad credit in New Mexico?

GEICO has the cheapest average rates for drivers with poor credit in New Mexico at $2,117 annually or $176 monthly.

Your credit score may affect your insurance rates, even though it is unrelated to your driving skills. Insurers often charge higher premiums to drivers with lower credit scores because they are statistically more likely to file claims.

Check the table below to see how credit scores impact car insurance costs in New Mexico.

Company	Annual premium for good credit	Annual premium for bad credit
GEICO	$1,406	$2,117
Progressive	$1,557	$2,488
Nationwide	$1,806	$2,944
Kemper	$3,268	$3,951
Iowa Farm Bureau	$2,912	$4,111
Allstate	$2,834	$4,127
Farmers	$2,740	$5,890
State Farm	$1,669	$6,537
USAA	$1,054	$2,005

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What company has the cheapest car insurance in New Mexico after an accident?

State Farm has the cheapest average rates after an accident at $1,919 per year. Progressive also offers lower-than-average rates at $2,288 annually.

Drivers with accidents on their record usually pay higher insurance premiums than drivers with a clean record. A single accident can raise your rates, and multiple accidents can push them even higher.

This table shows car insurance rates for drivers with a clean record, a single at fault accident, and multiple accidents.

Company	Average annual premium for clean record	Annual premium for one at-fault accident	Annual premium for multiple accident
State Farm	$1,669	$1,919	$1,919
Progressive	$1,557	$2,288	$3,126
GEICO	$1,406	$2,551	$3,800
Nationwide	$1,806	$3,005	$4,178
Iowa Farm Bureau	$2,912	$3,774	$4,422
Kemper	$3,268	$4,050	$4,969
Farmers	$2,740	$4,173	$5,617
Allstate	$2,834	$4,375	$5,578
USAA	$1,054	$1,601	$2,375

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Expert's Insight Accident forgiveness programs can prevent rate increases, but eligibility varies by insurer, and often only minor accidents qualify.

Which city has the cheapest car insurance for high-risk drivers in New Mexico?

Farmington has the cheapest average high-risk car insurance rates in New Mexico at $2,752 per year. In comparison, drivers in Albuquerque pay the highest average rates at $3,323 annually.

Where you live in New Mexico also affects car insurance rates. For example, if you live in a high-traffic or high-theft area, rates will increase because your vehicle is more likely to be damaged or stolen.

City	Average annual premium for clean record	Annual premium for high-risk driver
Farmington	$1,829	$2,752
Fort Bayard	$1,860	$2,793
Las Cruces	$1,894	$2,848
Gallup	$1,914	$2,869
Cuba	$1,939	$2,913
Ruidoso	$2,069	$3,078
Corrales	$2,096	$3,132
Roy	$2,133	$3,194
Jal	$2,192	$3,259
Bernalillo	$2,210	$3,308
Albuquerque	$2,231	$3,323

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How can high-risk drivers lower their car insurance rates in New Mexico?

Even if you're considered a high-risk driver, there are still several ways to lower your insurance premiums in New Mexico, including shopping around, taking a defensive driving course and avoiding further infractions.

You may be able to save money by:

Carefully consider filing claims. Covering minor damage out of pocket can be less expensive than filing an insurance claim, which might raise your premiums for years.
Avoid costly infractions. Practice safe driving to prevent additional traffic violations on your record. Tickets typically impact your insurance rates for only a few years, and your premiums may decrease if no new violations occur during that time.
Improve your credit score. Improving your credit score can lower your car insurance premiums. Paying bills on time and managing your credit utilization responsibly will help raise your score.
Take a defensive driving course. Many insurers offer discounts for completing the course, and certain states will even remove points from your driver's license once you complete it.
Shop around for coverage. Each car insurance company evaluates factors differently and sets its own rates. Comparing quotes can help you find the lowest price.

People ask

How long are you considered a high-risk driver in New Mexico?

Three years is common, but how long you are considered a high-risk driver in New Mexicodepends on the insurance company's guidelines. The state determines how long a violation stays on your record, but the insurance company determines how long you're charged for that violation.

What are New Mexico's insurance requirements for high-risk drivers?

If you're a high-risk driver in New Mexico, you may need to file an SR-22. Your insurer submits this form to confirm you carry the state's minimum required coverage. The court will specify how long you must maintain the SR-22.

An SR-22 is not a type of insurance; it's simply a form. You don't need special coverage, but your premiums may be higher since you're classified as high risk. Additionally, not all insurance companies offer policies for high-risk drivers or handle SR-22 filings.

Methodology

170+

insurance companies analyzed

34,000+

ZIP codes examined

$53M

insurance quotes analyzed

National and state average rates are based on three coverage levels: state minimum, 50/100/50 liability-only, and full coverage with 100/300/100 liability and $500 deductibles.

All base rate averages are based on our full coverage data set. This data set is based on:

Bodily injury liability of $100,000 per person and $300,000 per incident
Property damage liability of $100,000 per incident
Comprehensive and collision deductibles of $500
40-year-old driver
Honda Accord LX
Good credit
A clean driving record
12-mile commute, 10,000 annual mileage

Our data is then adjusted to reflect the rate increase from this base rate for the following infractions and issue:

DUI
Reckless driving
Multiple speeding tickets
Bad credit
One at-fault accident over $2,000

FAQ: High-risk car insurance in New Mexico

Can high-risk drivers get full coverage car insurance in New Mexico?

Yes, you can get full coverage insurance as a high-risk driver. However, you can expect it to cost a lot more than liability-only coverage.

Does an SR-22 automatically make your insurance more expensive in New Mexico?

An SR-22 doesn't increase your rates, but the violation that resulted in the requirement will; as a result, having an SR-22 means higher rates. An SR-22 is the form the insurance company has to file with the state, and by itself, it doesn't increase your rates.