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.
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.
