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What is the cheapest insurance in New Mexico?

I just moved to Santa Fe and am thinking about canceling my insurance to find a cheaper policy. What are the most inexpensive rates I can expect to find in New Mexico?

avatar
Gracie Hanson · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Moving can be a big hassle—but so can canceling your old insurance policy. It’s worth it if you can find better rates!
Drivers in
New Mexico
 can expect to pay below the national average for car insurance, but rates will fluctuate depending on your age, driving history, and insurance provider.
Typically, liability insurance costs around $385 per year in New Mexico. Keep in mind, this is the minimum insurance in New Mexico, and it won’t cover you or your vehicle in an at-fault accident. You’ll probably want to consider full coverage insurance, which costs most drivers $1,419 per year in New Mexico.
These rates are lower than the national average, but you can still save money by shopping around.
Jerry
 can help save you money on car insurance by comparing rates from up to 50 quotes from top providers in under a minute. Jerry will even cancel your old policy, so you don’t have to deal with any phone calls or paperwork.
The average Jerry user saves $879 per year on car insurance in New Mexico!
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