- Cheapest car insurance in New Mexico for a bad driving record
- How much is high-risk car insurance in New Mexico?
- Cheapest car insurance in New Mexico with a DUI
- Cheapest car insurance in New Mexico with multiple tickets
- Cheapest car insurance in New Mexico with a reckless driving conviction
- Cheapest car insurance in New Mexico with bad credit
- Cheapest car insurance after an accident in New Mexico
- Cheapest car insurance in New Mexico by city
- How to reduce car insurance rates in New Mexico for a bad driving record
- New Mexico car insurance laws for high-risk drivers
Cheapest car insurance in New Mexico for a bad driving record
If you have a bad driving record in New Mexico, Progressive, State Farm, Geico offer affordable car insurance. However, Progressive has the lowest average rate of $2,112.
Traffic infractions, accidents and DUIs wind up on your driving record, meaning you’ll pay higher car insurance rates in addition to any fines assessed. While most violations only affect your insurance rates for a few years, a DUI may affect rates for a decade and never be removed from your record.
| 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 |
How much is high-risk car insurance in New Mexico?
A bad driving record or low credit score can significantly increase rates. While high-risk car insurance averages $3,057 in New Mexico, you can find rates as low as $2,112 from Progressive.
Although you may be labeled high-risk for many reasons, some factors raise rates more than others. For example, multiple speeding tickets may significantly raise car insurance rates, but so can a single ticket for excessive speed in a school zone.
Keep reading as we break down high-risk car insurance factors and rates.
Select your state and risk factor below to see the insurance company and its
average annual full coverage rates.
| 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 |
Cheapest car insurance in New Mexico with a DUI
While many insurers offer coverage after a DUI, State Farm has the lowest rate at $1,788.
Driving under the influence (DUI) is a major traffic violation that will hurt your driving record. It can increase auto insurance rates for almost a decade in addition to fines and other penalties. Multiple DUIs will increase your premiums even more, but improving your driving habits can help you get better rates over time.
The table below shows the average car insurance rates for a clean record vs. 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 |
Cheapest car insurance in New Mexico with multiple tickets
The cheapest insurer for drivers with multiple traffic tickets is State Farm, with rates averaging $1,788 or $149.
While one traffic ticket can affect car insurance rates, multiple tickets can significantly increase those rates. Failure to obey speed limits and traffic laws leads insurers to believe they will eventually have to pay claims due to 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 |
Cheapest car insurance in New Mexico with a reckless driving conviction
State Farm has the cheapest rates for drivers with reckless driving convictions at $1,788.
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 |
Cheapest car insurance in New Mexico with bad credit
The cheapest New Mexico insurer for bad credit is Geico, with rates averaging $2,117 or $176. Fortunately, drivers with bad credit can still find affordable auto insurance.
Although unrelated to your performance behind the wheel, your credit score also impacts car insurance rates and can put you in the high-risk category. To an insurance company, high-risk means more likely to file a claimAn insurance claim is a request you make to your insurance company for coverage after your car is damaged or you have an accident. You can file a claim online, by phone, or in writing., and statistically, drivers with a low credit score fit that description.
Check out the table below to see how your credit score affects New Mexico car insurance.
| 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 |
Cheapest car insurance after an accident in New Mexico
State Farm has the lowest average rates after an accident at $1,919. Progressive also offers affordable rates, averaging $2,288.
Drivers with accidents on their driving records see higher rates than drivers who avoid crashes. While car insurance increases after one accident, multiple accidents significantly increase rates.
This table compares rates for drivers with a clean driving record, one 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 |
Cheapest car insurance in New Mexico by city
Farmington has the cheapest car insurance rates in New Mexico at $2,752. But the most expensive city is Albuquerque with rates of $3,323.
Your location in New Mexico also matters. For example, if you live in an area with heavy traffic or a high vehicle theft rate, rates will reflect the increased chance of claims.
| 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 |
How to reduce car insurance rates in New Mexico for a bad driving record
Finding affordable car insurance in New Mexico is possible, even with a bad driving record. Ways to lower car insurance rates include:
- Carefully consider filing claims. Paying for minor damage out of pocket may be cheaper than filing an insurance claim and increasing rates for years.
- Avoid costly infractions. Drive carefully to avoid adding traffic infractions to your record. Tickets only affect insurance rates for a few years, which will decrease if more tickets aren’t added.
- Improve your credit score. Raising your credit score lowers car insurance rates. Make on-time payments and consider credit usage to improve your rating.
- Take a defensive driving course. Many insurance companies offer a discount for doing so, and some states remove driver's license points for successfully completing the class.
- Shop around for coverage. Every car insurance company weighs factors differently and offers different rates. Compare quotes to find the cheapest rates.
New Mexico car insurance laws for high-risk drivers
If you're a high-risk driver in New Mexico, you might need to file an SR-22. This is a form that your car insurance company sends in to show you have the required minimum insurance coverage. The court will let you know how long you need to keep the SR-22.
An SR-22 isn’t a type of insurance; it’s just a form. You don’t need special coverage, but your rates might be higher because you’re considered high-risk. Also, not all insurance companies offer coverage for high-risk drivers or handle SR-22 filings.
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