Best Car Insurance Companies in New Mexico
The best car insurance providers in New Mexico include larger companies, like Travelers and Progressive, and smaller agencies, like The General and Dairyland.
Written by John Davis
Edited by Jessica Barrett
Some of the best
New Mexico car insurance
companies are smaller providers like The General and Dairyland. While some of the most well-known companies, like GEICO, USAA, and Allstate, don’t make the list, they may still offer competitive rates for you. - In New Mexico, the best insurance companies are a mix of smaller agencies, like The General and Dairyland, and large agencies, like Travelers and Progressive.
- Travelers and The General offer some of the lowest car insurance rates in New Mexico—but no single car insurance company provides the cheapest premiums for everyone.
- The best way to find the cheapest rates is to shop around and compare at least three to five companies.
- In New Mexico, the best insurance companies are a mix of smaller agencies, like The General and Dairyland, and large agencies, like Travelers and Progressive.
- Travelers and The General offer some of the lowest car insurance rates in New Mexico—but no single car insurance company provides the cheapest premiums for everyone.
- The best way to find the cheapest rates is to shop around and compare at least three to five companies.
Travelers: Best overall
Travelers: Best overall
Real 5-star customer review:
Travelers blew the competition away with excellent coverage from a legacy-level company and great rates. We've had Geico, Liberty Mutual, and Elephant before, but Travelers went above and beyond. —Vina
Overall Jerry rating in New Mexico: 5.0
J.D. Power customer satisfaction: 806
AM Best financial strength: A++
NAIC complaint index (June 2023): Less than expected
Travelers is a large company that sells insurance products in all 50 states. Travelers offers a wide range of coverage options, including
bodily injury liability
and property damage liability
insurance. Additionally, the company provides an excellent accident forgiveness program and less common forms of protection, like gap insurance
. Our survey respondents rated Travelers as one of the
best car insurance companies
in the state, giving the company top marks for overall performance, customer service, and its claims process. Furthermore, the company has fewer complaints than expected with the National Association of Insurance Commissioners (NAIC) and an A++ rating with AM Best. Read More
The General: Best for low rates
The General: Best for low rates
Real 5-star customer review:
The general is affordable and will work with you on your monthly payments. —Curtis
Overall Jerry rating in New Mexico: 4.0
J.D. Power customer satisfaction: Not ranked for the New Mexico market
AM Best financial strength: A
NAIC complaint index (June 2023): More than expected
The General is a smaller company known for its catchy commercials and affordable prices. The company offers a wide range of coverage options and
car insurance discounts
and may be ideal for drivers with bad credit scores or a history of insurance lapses.Our survey respondents rated The General especially high for its reasonable policy costs, though the company has a higher-than-expected number of complaints with the NAIC.
Dairyland: Best for customer service
Dairyland: Best for customer service
Real 5-star customer review:
I have used Dairyland a lot through my years of driving, and I've never been let down! They are always easy to deal with and have great rates!! —Jennifer
Overall Jerry rating in New Mexico: 5.0
J.D. Power customer satisfaction: Not ranked for the New Mexico market
AM Best financial strength: A+
NAIC complaint index (June 2023): More than expected
Dairyland is a less well-known insurance provider that offers services in 38 U.S. states. The company offers a range of standard full coverage policies plus a variety of non-standard coverage options, like
non-owner insurance
and special equipment coverage
. Our respondents ranked Dairyland’s customer service exceptionally well. However, its prices tend to be slightly higher than other providers and the company has more complaints than expected with the NAIC.
Read More
Kemper: Best for drivers with violations
Kemper: Best for drivers with violations
Real 5-star customer review:
I loved that I was able to customize my car insurance by choosing exactly what coverage I wanted and didn’t want. Having had 2 accident reports on my record made it difficult to find affordable insurance & Kemper offered the best deal & really worked with me. Wonderful service.Thank you, Kemper. —Shayleen
Overall Jerry rating in New Mexico: 5.0
J.D. Power customer satisfaction: Not ranked for the New Mexico market
AM Best financial strength: A-
NAIC complaint index (June 2023): More than expected
Kemper is a nationwide insurance company that specializes in cheap
car insurance for high-risk drivers
. Kemper offers a standard range of full-coverage insurance products, as well as non-standard options like SR-22 coverage
. If you’ve been classified as a high-risk driver due to poor credit or violations like DUIs
, speeding tickets
, or lapses in insurance coverage, Kemper may be a great choice for you. Our respondents rated Kemper highly overall and for its customer service. That said, the company does have more complaints than expected with the NAIC.
Read More
Progressive: Best for claims
Progressive: Best for claims
Real 5-star customer review:
So! I am a horrid driver. Worst you’ve ever known. I’ve had three at-fault major accidents that Progressive has covered, and they are almost always the cheapest insurance rate on my next car. I kind of feel bad for them, but THEY ARE GREAT. Highly recommend. —Bee
Overall Jerry rating in New Mexico: 4.4
J.D. Power customer satisfaction: 809
AM Best financial strength: A+
NAIC complaint index (June 2023): More than expected
Progressive is one of the largest insurers in the nation and one of the best insurance companies in New Mexico. The company offers a wide range of standard insurance products, including collision and comprehensive insurance, as well add-ons like
rideshare insurance
and gap coverage. Additionally, Progressive has a top-notch accident forgiveness program
, a variety of discounts, and an array of extra tools and services. Our respondents rated Progressive highly in all categories—but especially for its claims process. Progressive maintains an A+ rating with AM Best but has slightly more complaints than expected with the NAIC.
Read More
Cutting corners on New Mexico car insurance can leave you vulnerable
Choosing to purchase only the
state minimum coverage
can save you money, but it can also leave you vulnerable in a severe car accident. Instead, you should consider increasing your liability coverage limits to ensure that you have adequate protection in at-fault accidents.Additionally, you should consider purchasing a
full coverage car insurance policy
, including comprehensive coverage
and collision insurance
, to give yourself complete protection. Some other additional coverage types that can help protect you financially include:How to save on your New Mexico car insurance
No single
car insurance
company provides the best rates for everyone. The rates you pay will depend on various factors, including your age, driving record, your car’s make and model, your coverage levels, and your location. If you want to lower your premiums, here are some tips to follow:
- Ask about discounts: Many insurance providers offer a wide range of discounts. You may be able to get lower rates for installing specific safety equipment, increasing your deductible, having a clean driving record, good credit, or being a student. Good drivers may receive discounts for practicing safe driving and going for a number of years without an accident.
- Bundle your policies: If you’re a homeowner or a renter, you may be able to save some cash by purchasing your auto and homeowners/renters insurance through the same company.
- Shop around: One of the best ways to find cheap auto insurance is to shop around and compare many different providers.Jerry, the AllCar™ app, can help you do just that by comparing 55+ of the nation’s top insurers in just minutes!
FAQs
What are the cheapest car insurance companies in New Mexico?
In New Mexico, The General, and Travelers offer some of the cheapest auto insurance rates. But remember that your car insurance premiums are based on individual factors—like your driving history, your age, your credit history, and your location—and no single insurance company will provide the best rates for everyone.
Instead, you should shop around and compare many different companies to find the best car insurance quotes for you.
How much is car insurance in New Mexico?
In New Mexico, the average cost for a minimum liability policy is $1,710 per year and $143 per month. For full coverage, the average rate is $1,951 annually and $163 monthly.
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