New Mexico Auto Insurance Rates
Median premium: $688/6mo across 9 carriers and 427 ZIP codes.
Premiums range from $688 to $1,054 — a 1.5x spread. Based on SERFF regulatory rate filings — updated March 2026.
Overall Median
$688
per 6 months
ZIP Codes
427
with rate data
Carriers
9
rated in NM
Price Spread
1.5x
cheapest to most expensive
Carrier Rankings
All carriers sorted by median 6-month premium. Bar shows relative premium level.
| # | Carrier | Median 6-Mo | Relative Cost | #1 Cheapest In | % of ZIPs |
|---|---|---|---|---|---|
| 1 | State Farm | $633 | 427 ZIPs | 100% | |
| 2 | Farmers | $642 | 0 ZIPs | 0% | |
| 3 | Progressive | $674 | 0 ZIPs | 0% | |
| 4 | USAA | $688 | 0 ZIPs | 0% | |
| 5 | GEICO | $688 | 0 ZIPs | 0% | |
| 6 | Nationwide | $757 | 0 ZIPs | 0% | |
| 7 | Travelers | $771 | 0 ZIPs | 0% | |
| 8 | Liberty Mutual | $792 | 0 ZIPs | 0% | |
| 9 | Allstate | $895 | 0 ZIPs | 0% |
Geographic Insights
Cheapest Cities in New Mexico
| City | Avg Median | ZIPs |
|---|---|---|
| Algodones | $688 | 1 |
| Belen | $688 | 1 |
| Bernalillo | $688 | 1 |
| Bluewater | $688 | 1 |
| Bosque | $688 | 1 |
Most Expensive Cities in New Mexico
| City | Avg Median | ZIPs |
|---|---|---|
| Corrales | $811 | 1 |
| Kirtland Afb | $810 | 1 |
| Rio Rancho | $770 | 3 |
| Albuquerque | $717 | 42 |
| Trementina | $688 | 1 |
ZIP Code Extremes
Most Expensive ZIP
$811/6mo
87144 (Rio Rancho)
Cheapest ZIP
$688/6mo
87001 (Algodones)
1.5x
Price Spread
The most expensive ZIP in New Mexico costs 1.5x more than the cheapest. Your ZIP code matters more than you think.
New Mexico Auto Insurance FAQ
ZIP Code Lookup
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All carriers in New Mexico
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Access ZIP-level rate data across all 9 carriers, 427 ZIP codes, multiple vehicles, and 3 coverage tiers. Updated within days of each new filing.
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