- Cheapest car insurance for high-risk drivers in New Mexico
- Average rates for high-risk drivers in New Mexico by driving record
- Cheapest car insurance with a DUI
- Cheapest car insurance with multiple tickets
- Cheapest car insurance with a reckless driving conviction
- Cheapest car insurance with bad credit
- Methodology
Cheapest car insurance for high-risk drivers in New Mexico
Rates will vary depending on what’s on your driving record, but on average the cheapest car insurance company for high-risk drivers in New Mexico is State Farm, followed by Nationwide and Geico.
| Company | Avg annual premium | Avg monthly premium |
|---|---|---|
| State Farm | $1,642 | $137 |
| Nationwide | $1,744 | $145 |
| Geico | $2,059 | $172 |
| Progressive | $2,190 | $183 |
| Farmers | $2,466 | $206 |
| Allstate | $2,657 | $221 |
| Kemper Insurance | $2,883 | $240 |
| Iowa Farm Bureau | $3,768 | $314 |
| USAA | $1,609 | $134 |
Average rates for high-risk drivers in New Mexico by driving record
Average cost of car insurance in New Mexico for high-risk driver
Select your state and risk factor below to see the insurance company and its
average annual full coverage rates.
| Company name | Average annual premium |
|---|---|
| State Farm | $1,442 |
| USAA | $1,603 |
| Nationwide | $1,761 |
| Geico | $1,981 |
| Farmers | $2,482 |
| Progressive | $2,566 |
| Kemper Insurance | $2,936 |
| Allstate | $2,955 |
| Iowa Farm Bureau | $3,691 |
Cheapest car insurance with a DUI
A DUI will put you into the high-risk category quickly, and you can expect a big jump in your rates. Shopping around can make a big difference, however. The cheapest car insurance company in New Mexico for a driver with a DUI is State Farm with an average annual of $1,442 a year.
| Company | Avg annual premium | Avg monthly premium |
|---|---|---|
| State Farm | $1,442 | $120 |
| Progressive | $1,906 | $159 |
| Nationwide | $2,198 | $183 |
| Geico | $2,321 | $193 |
| Farmers | $2,385 | $199 |
| Kemper Insurance | $2,881 | $240 |
| Allstate | $2,955 | $246 |
| Iowa Farm Bureau | $4,577 | $381 |
| USAA | $2,126 | $177 |
Cheapest car insurance with multiple tickets
While a single ticket doesn’t mean you’re high-risk, multiple tickets will worry insurance companies more, resulting in higher rates. In New Mexico, the cheapest car insurance with multiple tickets is from Nationwide. It offers full coverage insurance at $1,425 per year or $119 monthly.
| Company | Avg annual premium | Avg monthly premium |
|---|---|---|
| Nationwide | $1,425 | $119 |
| State Farm | $1,442 | $120 |
| Geico | $2,017 | $168 |
| Progressive | $2,132 | $178 |
| Farmers | $2,279 | $190 |
| Allstate | $2,398 | $200 |
| Kemper Insurance | $2,781 | $232 |
| Iowa Farm Bureau | $3,169 | $264 |
| USAA | $1,342 | $112 |
Cheapest car insurance with a reckless driving conviction
Reckless driving is a serious violation and indicates you drive in a very risky manner, which means higher insurance rates. In New Mexico, State Farm offers the cheapest full coverage car insurance for drivers with a reckless driving conviction at $1,442 a year.
| Company | Avg annual premium | Avg monthly premium |
|---|---|---|
| State Farm | $1,442 | $120 |
| Nationwide | $2,198 | $183 |
| Progressive | $2,301 | $192 |
| Geico | $2,321 | $193 |
| Farmers | $2,724 | $227 |
| Allstate | $2,955 | $246 |
| Kemper Insurance | $3,238 | $270 |
| Iowa Farm Bureau | $4,577 | $381 |
| USAA | $1,461 | $122 |
Cheapest car insurance with bad credit
Although it's not directly related to driving skills, people with poor credit are statistically more likely to file a claim. As a result, bad credit can put you in the high-risk category, but you can save by shopping around. The cheapest car insurance for drivers with bad credit in New Mexico is Geico with an average annual cost of $1,658 or $138 per month.
| Company | Avg annual premium | Avg monthly premium |
|---|---|---|
| Geico | $1,658 | $138 |
| Nationwide | $1,793 | $149 |
| Progressive | $2,537 | $211 |
| State Farm | $2,640 | $220 |
| Kemper Insurance | $2,837 | $236 |
| Allstate | $2,838 | $237 |
| Farmers | $2,847 | $237 |
| Iowa Farm Bureau | $3,946 | $329 |
| USAA | $2,042 | $170 |
Methodology
Data is sourced from the Auto Problems Report 2022 for all states including Washington D.C. The rates are based on the driving profile of a 40-year-old male driver who drives a Honda Accord LX and opts for a full-coverage policy with coverage limits of 100/300/100 and a $500 comprehensive and collision deductible across most ZIP codes with 50,00,736 records from 27 companies.
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