Driving In New Mexico

Insurance Information

Despite the economic downturn of the past few years, New Mexico has continued to grow in population. The biggest city is Albuquerque with 555,000 residents, followed by Las Cruces. Residents of those cities can expect to pay a little more for insurance than the state’s average of $1,300/year. However, the growing number of options for cheap insurance New Mexico offers statewide will help consumers find the lowest rates.

Most major nationwide insurance companies are licensed to do business in New Mexico, but there are also a number of companies who focus their business on the state. Drivers who want to save money should get comparison quotes from both.

Enter your Zip Code and get a

New Mexico's Insurance Requirements

The state requires the following coverage to be in force at all times, or drivers risk suspension of their licenses and vehicle registrations:

While New Mexico monitors your policy status by communicating with insurance companies electronically, you are still required to carry proof of insurance in your vehicle at all times.

More information on the insurance requirements can be found through the MVD website.

Other Driving and Insurance Facts

Helpful Consumer Resources

New Mexico’s OSI has a page devoted to premium comparison guides, in order to help consumers when getting multiple quotes for every type of insurance.

You can check the New Mexico license status of insurance companies and agents/brokers on the Regulation and Licensing Department’s homepage. Doing so can ensure that you are purchasing a policy from a legitimate and reputable company.

We Have Your Town Covered!

Average Annual Premiums in New Mexico = $1,274 | via Insure.com