New Mexico Car Insurance: Requirements & Cost

New Mexico car insurance

Whether you're zipping down a desert highway or driving slowly through mountain roads, count on Progressive for trustworthy and affordable auto insurance in New Mexico. Understanding insurance coverage in NM means learning about New Mexico auto insurance requirements and options, plus Progressive discounts for drivers in the Land of Enchantment.

What are New Mexico's auto insurance requirements?

New Mexico drivers are required to carry car insurance. Drivers 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 car insurance coverages you need, but consider increasing your auto liability insurance 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 coverage 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 show you coverage options that suit your budget. See more on our Name Your Price Tool.

What is the average cost of car insurance in New Mexico?

In 2020-2021, the average cost of a Progressive liability-only auto insurance policy (single driver/single car) in New Mexico was $72 per month.^* Rates vary based on factors such as your ZIP code, driving history, and coverage selections.

Does Progressive offer any discounts to reduce my costs?

Progressive helps you obtain 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.

Pro tip:

Save a bundle when you bundle! When bundling home and auto insurance, new customers nationwide who switch and save with Progressive save an average of over $650 per year.^**

Fast facts about driving and auto insurance in New Mexico

Many roadways in New Mexico rank in mediocre to poor condition. Collision coverage can pay for damage to your vehicle from hitting a pothole.
Over 20% of motorists in New Mexico drove uninsured in 2019, according to the Insurance Information Institute. Add uninsured motorist coverage to your policy to protect against drivers with no insurance.
In 2018, Albuquerque, New Mexico ranked #1 nationally for auto theft for the third consecutive year. Comprehensive coverage can pay to replace a stolen vehicle.