Average Car, Home & Renters Insurance Cost in New Mexico (2026)
These are estimated annual averages for New Mexico, drawn from published rate studies. They describe a typical profile — not your policy, and not a price you have been offered.
New Mexico at a glance
| Coverage | Estimated annual average | Rank of 51 | Assumes |
|---|---|---|---|
| Car insurance (liability + comp & collision) | $2,280/yr | #23 of 51 | Full coverage: liability + comprehensive + collision |
| Car insurance (state-minimum liability only) | $473/yr | #11 of 51 | State-required minimum liability limits only |
| Home insurance | $2,869/yr | #31 of 51 | $300K dwelling · $300K liability · $1K deductible |
| Renters insurance | $168/yr | #39 of 51 | $30K personal property · $100K liability · $500 deductible |
Estimates derived from public rate data, NerdWallet, 2026 (powered by Quadrant Information Services). Not a quote — your rate will differ. (car insurance)
Estimates derived from public rate data, Insurance.com, 2026. Not a quote — your rate will differ. (home)
Estimates derived from public rate data, NerdWallet, 2026. Not a quote — your rate will differ. (renters)
Rank 1 is the lowest estimated average of the 50 states and the District of Columbia.
How New Mexico compares with the national average
- Full-coverage car insurance runs about 3% below the national average of $2,339.
- Home insurance runs about 13% above the national average of $2,543.
- Renters insurance runs about 11% above the national average of $151.
How New Mexico compares with neighbouring states
| State | Car (full) | Home | Renters |
|---|---|---|---|
| New Mexico | $2,280 | $2,869 | $168 |
| Arizona | $2,906 | $2,344 | $176 |
| Colorado | $3,221 | $4,963 | $142 |
| Oklahoma | $2,734 | $5,010 | $179 |
| Texas | $3,319 | $4,085 | $187 |
Notes on these figures
- Renters figures assume $30K personal property · $100K liability · $500 deductible.
See where you sit
Run the interactive version for New Mexico with your line, age band and coverage level — or scan your declarations page and we'll compare your actual premium against these averages.
Open The Going RateNearby states
See every state in the State Guides, or read how CoverageCard grades a policy. Terms used on this page are explained in the Insurance Glossary.