Non-owner car insurance in New Mexico: Best and cheapest companies

Cheapest non-owner car insurance companies in New Mexico

Central Insurance is the cheapest non-owner car insurance in New Mexico, with rates averaging $119. The second most affordable option in New Mexico is State Farm, with an average rate of $149.

The table below shows the most affordable non-owner car insurance companies in New Mexico.

Company	Average annual premium	Average monthly premium
Central Insurance	$119	$10
State Farm	$149	$12
Iowa Farm Bureau	$175	$15
Kemper	$266	$22
Farmers	$397	$33
Progressive	$410	$34
GEICO	$448	$37
Nationwide	$486	$41
USAA	$188	$16

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Best non-owner car insurance in New Mexico

While State Farm is the top choice, GEICO and Progressive are also great options for non-owner coverage.

To find the best non-owner car insurance companies in New Mexico, we looked at several factors, including how many complaints each company receives, financial stability and average rates. We used rate data from Quadrant Information Services as well as third-party ratings from J.D. Power, AM Best and the National Association of Insurance Commissioners (NAIC).

The table below shows a comparison of the best non-owner car insurance companies in New Mexico.

Company	Average annual premium	J.D. Power	NAIC	AM Best	Overall score
State Farm	$149	783	0.70	A++	4.03
GEICO	$448	801	0.91	A++	3.24
Progressive	$410	828	0.65	A+	3.23
Farmers	$397	835	0.80	A	3.14
Nationwide	$486	808	0.64	A+	3.04
Kemper Insurance	$266	736	2.16	A-	2.07

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Insurance.com's top choices for non-owner car insurance

Take a closer look at our top picks for non-owner car insurance in New Mexico

State Farm

Our number one pick for non-owner car insurance in New Mexico is State Farm. The average rate for liability coverage is $149. State Farm has an AM Best score of A++ and an NAIC complaint ratio of 0.7.

GEICO

GEICO is another great option for non-owner car insurance in New Mexico, with average rates of $448 per year. It has an AM Best rating of A++ and a low NAIC complaint ratio of 0.91.

Progressive

Our third choice is Progressive, with an average rate of $410. It has an NAIC complaint ratio of 0.65 and an AM Best rating of A+.

PEOPLE ASK:

Do I need New Mexico non-owner car insurance to drive a friend's car?

Probably not, unless you drive it frequently. Occasional use of a friend's car is covered by their insurance as permissive use, usually as long as it's less than 12 times a year. Still, it's always best to check with your friend's insurance company.

Average cost of non-owner car insurance in New Mexico

The average cost of non-owner car insurance in New Mexico is $293, but rates may vary based on factors such as your driving record, age, and coverage level.

Non-owner car insurance in New Mexico by age and gender

Your age and gender can impact your rates, whether you're shopping for non-owner or standard car insurance in New Mexico.

Age plays an important role in calculating car insurance rates. Younger drivers have less experience and are more likely to have accidents, so insurance companies charge higher rates to cover the risk.

Gender is another factor that affects car insurance rates in most states. Men are often considered higher-risk drivers and tend to have more accidents, resulting in higher premiums.

Here are the average New Mexico non-owner car insurance rates by age and gender.

Age group	Female	Male
Teens (16-19)	$882	$843
Young Adults (20-24)	$444	$436
Adults (25-60)	$291	$296
Seniors (65-75)	$323	$315

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Non-owner vs. traditional car insurance

Non-owner car insurance is typically cheaper than standard car insurance since coverage is minimal. Non-owner car insurance only includes liability coverage, while owner car insurance can include a lot more coverage.

For example, non-owner car insurance in New Mexico doesn't pay for damages to the car you're driving or any injuries you sustain. Owner car insurance can include collision and comprehensive coverage to pay for vehicle damages.

Insurance companies assume that people without a car drive less often, and because non-owner car insurance works as a backup to the owner's policy, the risk of 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. is much lower.

The table below shows a comparison of average yearly rates for non-owner and standard car insurance.

Non-owners state minimum policy	$293
Traditional state minimum policy	$421
State minimum car insurance limits	25/50/10

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What does New Mexico non-owner car insurance cover?

A New Mexico non-owner car insurance policy only provides the legally required coverage to be on the road. It includes all New Mexico minimum car insurance requirements. It doesn't cover any damage to the vehicle itself.

Non-owner car insurance is secondary, which means it will only apply after the car owner's policy limits are exceeded.

The bottom line: Non-owner car insurance in New Mexico

New Mexico drivers may need non-owner car insurance for various reasons, such as renting or borrowing a car. However, this type of coverage typically only offers liability coverage to pay for property damage or bodily injuries you cause to others. Coverage does not extend to you or the vehicle you're driving.

Non-owner car insurance in New Mexico costs an average of $293, with Central Insurance offering the lowest rates. Our analysis found that State Farm is the best overall choice. Keep in mind that your age, gender and driving record play a significant role in determining your insurance rates.

Shop around to find the best New Mexico non-owner car insurance available. Use the tool above to compare non-owner insurers in your area.

Methodology

Insurance.com analyzed non-owner car insurance companies in 2023 to find the cheapest and the best overall based on rates and third-party ratings.

Non-owner car insurance rates were fielded by Quadrant Data Services for a sample policy based on a 40-year-old driver with a clean record and good credit for a state minimum liability policy. These rates were one of the factors used to rank the best companies.

For additional data points in the ranking, customer complaints ratios were pulled from the National Association of Insurance Commissioners (NAIC) complaints database, where a score of 1.00 is considered the baseline and anything below is a low complaint volume while anything above is considered a high volume. Overall customer satisfaction ratings were drawn from J.D. Power's U.S. Auto Insurance Study, where companies are scored out of 1,000. Finally, AM Best financial ratings were used to indicate financial stability, where the best possible score is A++.