Cheapest car insurance for high-risk drivers in New Mexico

Cheapest car insurance in New Mexico for a bad driving record

Drivers with a poor record in New Mexico will find the lowest rates from Progressive, State Farm and GEICO. Among these, Progressive provides the lowest annual premiumThe payment required for an insurance policy to remain in force. Auto insurance premiums are quoted for either 6-month or annual policy periods. at $2,112 annually.

If you have accidents, DUIs or traffic tickets on your driving record, youll likely pay higher insurance rates. Most traffic violations can impact your rates for three to five years, while a DUI can raise your rates for up to 10 years and may remain 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

Read our methodology

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

A problematic driving record or poor credit score may mean higher insurance rates, but affordable options exist. In New Mexico, high-risk car insurance costs $3,057 per year. However, you can get rates as low as $2,112 annually 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.

Read on as we explain high-risk car insurance factors and rates below.

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

Show Graph View

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

Read our methodology

Average annual rate

PEOPLE ASK:

Who is considered high-risk for insurance 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.

Cheapest car insurance in New Mexico with a DUI

Although many insurance companies provide coverage after a DUI, State Farm offers the most affordable rate at $1,788 a year.

Driving under the influence (DUI) is a serious traffic violation that damages your driving record. It can raise auto insurance premiums for nearly 10 years, on top of fines and other penalties. Multiple DUIs drive rates even higher, but consistent safe driving over time can gradually lead to lower premiums.

The table below compares average car insurance premiums in New Mexico for drivers with a clean record versus those with a DUI.

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

Read our methodology

Cheapest car insurance in New Mexico with multiple tickets

The cheapest insurer for drivers with multiple tickets is State Farm, with rates averaging $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

Read our methodology

Cheapest car insurance in New Mexico with a reckless driving conviction

State Farm offers the most affordable rates for drivers with reckless driving convictions, averaging $1,788 per year.

Engaging in driving behaviors that put others at risk can lead to a reckless driving charge. A conviction for reckless driving results in higher car insurance rates.

The table below compares car insurance premiums for drivers with a clean record and those 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

Read our methodology

Cheapest car insurance in New Mexico with bad credit

In New Mexico, GEICO provides the lowest premiums for drivers with poor credit, averaging $2,117 per year or $176 per month. Even with a low credit score, you can still find affordable auto insurance.

While your credit score doesn't reflect your driving ability, it can impact your car insurance rates and place you in a higher-risk category. Insurers view lower credit scores as an indicator of increased risk based on statistics showing that these drivers are 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

Read our methodology

Cheapest car insurance after an accident in New Mexico

State Farm has the lowest average rates after an accident at $1,919 a year. Progressive also offers affordable rates, averaging $2,288 per year.

Drivers with accidents on their record typically pay higher insurance rates than those with a clean record. While car insurance rates may increase after one accident, multiple accidents can increase rates even more.

This table shows rates for drivers with a clean 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

Read our methodology

Cheapest car insurance in New Mexico by city

Farmington has the cheapest car insurance rates in New Mexico at $2,752 per year. But the most expensive city is Albuquerque with rates of $3,323 per year.

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

Read our methodology

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:

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.

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.

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 California depends 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.

New Mexico car insurance laws for high-risk drivers

If you're considered a high-risk driver in New Mexico, you may be required to file an SR-22. This form is filled out by your car insurance company, stating that you have at least the minimum required coverage. The court will let you know how long you must file an SR-22.

Although an SR-22 is typically called insurance, it is only the form. You don't need special insurance coverage, but rates are much higher for high-risk drivers and not all carriers insure such drivers.

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: