Full-coverage average sourced from
Insurify (2026-06). Minimum-coverage figure and the estimator adjustments are estimates — see
methodology.
The one thing that sets New Mexico apart
At-fault; ~21% uninsured, among the highest, inflating UM premiums.
Minimum vs. full coverage in New Mexico
What each coverage level costs on the New Mexico average — so you can see what "going minimum" really saves, and risks.
| Coverage level | Est. / year | Est. / month |
|---|
| Minimum | $550 | $46 |
| Liability Only | $900 | $75 |
| Full | $1,630 | $136 |
| Full Low Deductible | $1,990 | $166 |
Minimum coverage saves about $1,082/yr vs full — but caps protection at 25/50/10. One at-fault crash above those limits and the gap is yours.
New Mexico car insurance FAQ
- What's the minimum car insurance required in New Mexico?
- New Mexico's state minimum is 25/50/10 — $25k bodily injury per person, $50k per accident, $10k property damage. Minimum-only runs about $550/yr but leaves you exposed above those caps.
- How much is full coverage in New Mexico?
- Representative full coverage averages $1,632/yr (about $136/mo), ranking New Mexico #14 of 51 states for cost.
- Why is New Mexico car insurance priced the way it is?
- At-fault; ~21% uninsured, among the highest, inflating UM premiums.