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The cost of car insurance in New Mexico can vary greatly, depending on your driving history, coverage options you choose and the type of car you drive among other factors. The average cost of auto insurance in New Mexico is $1,447 annually for the profile of a 30-year-old driver.

When comparing quotes from different companies make sure you take the time to do your research so that you know which company provides excellent service at a fair price.

Cheapest car insurance companies in New Mexico

GEICO Advantage is the cheapest car insurance company in New Mexico that offers full coverage policy at about $904 per year or $75 monthly. We have gathered insurance quotes from major insurance companies and compiled a list of the cheapest auto insurers in New Mexico.

Following is the list of the cheap auto insurance companies and their average annual and monthly premium.

CompanyAverage annual premiumAverage monthly premium
GEICO Advantage$904$75
United Svcs Automobile Assn$927$77
State Farm Mutl Automobile Ins$1,137$95
Metropolitan P&C$1,254$104
Nationwide of Am$1,313$109
Progressive Direct$1,608$134
Financial Ind Co$1,814$151
Allstate F&C$1,943$162
Farmers of AZ$2,126$177

Cheapest car insurance for teens in New Mexico

State Farm is the cheapest car insurance provider for teen drivers in New Mexico. It offers insurance at about $3,110 a year. The average price of car insurance for a teenage driver can be more expensive than that for an older or mature driver. This is because they are more likely to be involved in accidents and make claims on their policies, therefore leading to higher insurance premiums.

CompanyAverage annual premium
State Farm Mut Auto$3,110
Geico Gen$3,280
Allied Prop & Cas$5,147
Progressive Direct$6,577
Allstate Fire & Cas$7,501
Farmers Of AZ$9,532

Cheapest car insurance for young drivers in New Mexico

The cheapest car insurance company for young drivers in New Mexico is Geico at about $1,753 a year, on average. As young adults gain more experience behind the wheel, their auto insurance rates become considerably lower.

CompanyAverage annual premium
Geico Gen$1,753
State Farm Mut Auto$1,885
Progressive Direct$2,233
Allied Prop & Cas$2,477
Farmers Of AZ$2,837
Allstate Fire & Cas$3,632

Cheapest car insurance for adults in New Mexico

According to Insurance.com's rate analysis, Geico offers the cheapest car insurance for adults in New Mexico. Its average rate is $1,121 annually.

Below are the companies that offer cheap insurance rates for adult drivers in New Mexico.

CompanyAverage annual premium
Geico Gen$1,121
State Farm Mut Auto$1,225
Progressive Direct$1,334
Allied Prop & Cas$1,396
Farmers Of AZ$2,034
Allstate Fire & Cas$2,283

Cheapest car insurance for seniors in New Mexico

State Farm offers the cheapest car insurance for seniors in New Mexico. The average annual premium offered is $1,154. Senior drivers experience higher insurance rates, but shopping around can help them save hundreds of dollars every year.

Below is the list of companies that offer the cheapest car insurance for seniors in New Mexico:

CompanyAverage annual premium
State Farm Mut Auto$1,154
Progressive Direct$1,211
Geico Gen$1,281
Allied Prop & Cas$1,323
Farmers Of AZ$1,907
Allstate Fire & Cas$2,239

Cheapest car insurance rates in New Mexico by driving record

The insurance rates differ based on your driving record. Having a clean driving record may help you save money on your auto insurance premium. But drivers with a history of speeding tickets, reckless driving or at-fault accident may experience higher insurance rates. This is because they pose greater risk than a driver with a clean driving history in the eyes of an insurer.

Cheapest auto insurance for drivers with poor credit: Geico

Geico has the cheapest auto insurance for drivers with poor credit at about $1,469 annually. If you have poor credit, getting cheap car insurance can be challenging. But the only way to find affordable auto insurance is by shopping around and comparing quotes from multiple insurers.

CompanyAverage annual premium
Geico$1,469
Nationwide$1,746
United$1,935
State Farm$2,269
Progressive$2,282
Financial Ind Co$2,671
Allstate$2,862
Farmers Ins$3,036
Metropolitan$4,597

Cheapest auto insurance for drivers with a speeding ticket: State Farm

If you have a speeding ticket on your record, State Farm offers the cheapest car insurance at about $1,243 a year. Since all insurance companies calculate rates differently, it is important to get multiple quotes from different companies to get the best deal for yourself.

CompanyAverage annual premium
State Farm$1,243
United$1,357
Nationwide$1,376
Geico$1,717
Progressive$1,902
Allstate$2,407
Farmers Ins$2,415
Financial Ind Co$2,565
Metropolitan$2,647

Cheapest auto insurance after an at-fault accident : State Farm

State Farm offers the cheapest car insurance after an at-fault accident. Its average cost for New Mexico drivers is $1,243 annually. If you are a safe driver with no history of traffic violations, then it is likely that your insurance rates will be lower than those who have an at-fault accident on their record.

CompanyAverage annual premium
State Farm$1,243
United$1,559
Nationwide$1,696
Geico$1,748
Progressive$2,268
Farmers Ins$2,625
Financial Ind Co$2,690
Metropolitan$2,840
Allstate$2,950

Cheapest auto insurance after a DUI : State Farm

If there exists DUI on your driving record, State Farm offers the cheapest auto insurance in New Mexico at $1,243 per year. To find the best deal, it is required to shop around and compare insurance quotes.

The table below lists the cheapest car insurance companies after DUI in New Mexico, along with their average annual premium.

CompanyAverage annual premium
State Farm$1,243
Progressive$1,716
Geico$1,960
Nationwide$2,089
United$2,138
Farmers Ins$2,526
Financial Ind Co$2,649
Allstate$2,947
Metropolitan$3,916

Average cost of car insurance in New Mexico

The average car insurance rate for full coverage in New Mexico is $1,447 per year. This rate is for the coverage level of $100,000 for bodily injury coverage per person, $30,000 for bodily injury per accident and property damage coverage of $100,000.

The state minimum average rate in New Mexico is $399 annually.