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Auto insurance rates, minimum coverage requirements, and driver statistics for New Mexico (NM).
Avg Annual Premium
$1,690
$36 below national avg
Cost Rank
#27
of 51 (most expensive first)
Fault System
At-Fault (Tort)
Tort-based
Uninsured Rate
19.8%
of drivers
Min Liability
$550/yr
Legal minimum
Average Premium
$1,690/yr
State average
Full Coverage
$1,690/yr
Comprehensive + Collision
New Mexico requires:
25/50 / 10 liability
| Age Group | Average | Male | Female |
|---|---|---|---|
| 16-19 | $4,563 | $5,154 | $3,972 |
| 20-25 | $3,042 | $3,380 | $2,704 |
| 26-35 | $1,859 | $1,943 | $1,774 |
| 36-45 | $1,690 | $1,724 | $1,656 |
| 46-55 | $1,606 | $1,639 | $1,572 |
| 56-65 | $1,555 | $1,589 | $1,521 |
| 65+ | $1,774 | $1,825 | $1,724 |
Rates shown are annual averages for each age group in New Mexico. Individual rates vary based on driving record, credit, and vehicle.
| Metric | New Mexico | National Avg |
|---|---|---|
| Average Annual Premium | $1,690 | $1,726 |
| Uninsured Rate | 19.8% | 11.1% |
| Registered Vehicles | 1,736,760 | 5,330,804 |
| Accidents per Year | 26,051 | 79,962 |
Population
2,118,000
Registered Vehicles
1,736,760
Accidents per Year
26,051
Vehicles per Capita
0.82
The CarInsurancePeek editorial team aggregates and verifies car insurance rate data from NAIC & State DOI. Every statistic is cross-referenced against official state DOI filings before publication, with quarterly re-verification cycles.
Read our full methodology or contact us with corrections.