Fair and affordable car insurance in New Mexico
From Santa Fe to Las Cruces and Farmington to Albuquerque, good drivers in New Mexico can get the cheap auto insurance rates they deserve. In fact, good drivers could save hundreds with Root. Download our easy-to-use app and see if your safe driving can save you money on quality coverage.
How it works
Traditional auto insurance companies heavily rely on demographics—how old you are, your credit score, marital status, ZIP code, whether you own a home, etc.—when determining your car insurance rate. While we also take demographics into account when determining the rate we offer you, how safe you are behind the wheel is the #1 factor influencing your rate.
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Visit the App Store or Google Play. Sign up in less than a minute.
Drive around
We use your smartphone to measure your driving behavior. Better driving = more savings.
Get your quote
You can customize and purchase your policy, all in the Root app.
State requirements for car insurance in New Mexico
What are the minimum auto insurance requirements in New Mexico?
To legally operate a vehicle in New Mexico, you must carry Liability insurance and Uninsured/Underinsured Motorist coverage. If you are found driving without these, you may face suspension of your vehicle registration.
Liability coverage
Liability coverage helps to pay for property damage or bodily injuries that occur from a car accident you cause. It typically does not cover harm to you or your family members (that’s what Personal Injury Protection and Medical Pay coverages are for). It also doesn’t cover your vehicle, but Collision and Comprehensive coverages do—these additional coverages can help you avoid major expenses in the event of an accident.
Minimum required Liability coverage in NM:
$25,000 Bodily Injury (per person)
$50,000 Bodily Injury (per accident – multiple people injured)
$10,000 Property Damage
Remember you can select higher limits if you’d like more coverage.
Uninsured/Underinsured Motorist Coverage (UM/UIM)
UM/UIM is another required coverage. This insurance pays for the damages, losses, and injuries you suffer if you’re in an accident caused by a driver who doesn’t have car insurance. It also covers you if you’re in an accident with a driver whose car insurance is insufficient or is considered underinsured.
Car insurance companies are required to offer this coverage as part of your policy. You can reject this coverage in writing and still be in compliance with car insurance laws.
Minimum required Uninsured/Underinsured Motorist coverage in NM:
$25,000 Bodily Injury (per person)
$50,000 Bodily Injury (per accident – multiple people injured)
Again, you can always opt for higher limits if you want more coverage.
What other coverages does Root offer?
Collision
Rental Car coverage
Personal Injury Protection
Medical Payments
(MedPay)
Comprehensive
(including glass coverage)
Roadside Assistance
What is the average cost of auto insurance in New Mexico?
The average New Mexican pays $2,049 [1] per year for their auto policy, but many drivers pay a lot more. Bad drivers drive up prices for good drivers, but Root doesn’t insure bad drivers, so Root customers could save $900 a year—all while enjoying fair and simple car insurance.
Start saving on car insurance in NM
Get an auto insurance quote based primarily on how you drive. You could save hundreds.
References
Insure.com. Annual average rates were compiled in 2023
Additional Resources
New Mexico Car Insurance – DMV.org (Not a government agency)
New Mexico Motor Vehicle Division (NM MVD)