What are the minimum requirements for auto insurance in New Mexico?

Drivers in New Mexico must have liability coverage limits of at least:

  • $25,000 in bodily injury per person
  • $50,000 in total bodily injury per accident
  • $10,000 in property damage per accident

These numbers represent the minimum coverages you need, but consider increasing your auto liability limits to better protect your assets.

Get added protection with comprehensive and collision coverage

If you're leasing or financing your vehicle, most lenders will require you to carry comprehensive and collision coverage. But even if your car is paid in full, physical damage coverages can help pay to repair or replace your vehicle if it’s stolen or damaged in an accident.

Progressive's Name Your Price® Tool lets you tell us how much you want to pay — then we'll give you options that suit your budget. See more on our Name Your Price Tool.

How much does auto insurance in New Mexico cost?

In 2020, the average cost of a Progressive liability-only auto policy in New Mexico was $135 per month.* Rates vary based on factors such as your ZIP code, driving history, and coverage selections.

Do you offer any discounts to reduce my costs?

Progressive helps you attain cheaper auto insurance in New Mexico with discounts like:

  • Multi-policy
  • Five-year accident-free
  • Homeowner
  • Paperless
  • Multi-car
  • Online quote
  • Paid in full
  • Distant student

See all auto insurance discounts.

Fast facts about driving and auto insurance in New Mexico

  1. Many roadways in New Mexico rank in mediocre to poor condition. Collision coverage can pay for damage to your vehicle from hitting a pothole.

  2. Over 20% of motorists in New Mexico drove uninsured in 2015, according to the Insurance Information Institute. Add uninsured motorist coverage to your policy to protect against drivers with no insurance.

  3. In 2019, Albuquerque, New Mexico ranked #1 nationally for auto theft for the third consecutive year. Comprehensive coverage can pay to replace a stolen vehicle.

How to get car insurance in New Mexico


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