New Mexico
- ~$50–$65
- ~$130–$155
- $25K/$50K/$10K
New Mexico has moderate car insurance rates influenced by a mix of urban and rural driving environments. The state follows a fault-based system with mandatory liability coverage, and rural roads and weather conditions impact accident rates.
Find a local Auto Insurance agents in your town:
New Mexico Auto Insurance Facts *
Drivers
- ~1.0–1.1 million licensed drivers as of 2023.
- ~90% household vehicle ownership.
- High use of pickups and SUVs in rural areas.
- Uninsured motorist rate near 12%.
- Limited public transportation outside Albuquerque and Santa Fe.
Accidents
| Year | Reported Crashes | Injury Crashes | Fatal Crashes |
|---|---|---|---|
| 2018 | ~18,500 | ~5,200 | 175 |
| 2019 | ~19,000 | ~5,400 | 180 |
| 2020 | ~16,800 | ~4,800 | 165 |
| 2021 | ~18,200 | ~5,000 | 170 |
| 2022 | ~18,700 | ~5,100 | 172 |
Laws & Regulations
- Fault-based liability system.
- Mandatory bodily injury and property damage coverage.
- Proof of insurance required at registration.
