New Mexico Car Insurance

A Farmers Flex® Personal Auto policy lets you take affordable insurance coverage along for the ride, whether you’re commuting across Albuquerque, taking a day trip to Taos or exploring the Sangre de Cristos. You can choose the coverage you want, and discounts can help you save even more.

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Is car insurance required in New Mexico?

Yes, New Mexico requires a car insurance policy with a minimum amount of liability coverage, as do most states. But minimum coverage may not be the full extent of coverage you may want.

As of October 2022, 25/50/10 liability coverage limits are the minimum required in New Mexico.



Bodily injury liability

$25,000 per person; $50,000 per accident

Property damage liability

$10,000 per accident


Bodily injury liability


$25,000 per person; $50,000 per accident


Property damage liability


$10,000 per accident

What does car insurance in New Mexico cost, on average?

In New Mexico, the average annual premium for full coverage (liability, collision and comprehensive) was $1,123 in 2019, according to the most recent data available from the National Association of Insurance Commissioners (NAIC). However, premiums have changed in most states since then. Also, your cost will also depend on how much coverage you choose as well as your own driving history and the cars you drive.

What does car insurance typically cover in New Mexico?

An auto insurance policy in New Mexico typically includes coverage for bodily injury and property damage liability as well as optional collision and comprehensive coverage, in case of covered damage or theft.

Farmers® also offers Rental or Rental Alternative coverage (for when your car is in the shop), Vehicle Replacement Plus (if your newer car is totaled) and Enhanced Roadside and Ride Assistance. Read more about coverage options in New Mexico with a Farmers Flex Personal Auto policy.

New Mexico car insurance discounts
Farmers offers a variety of discounts for car insurance customers in New Mexico. For example:

  • Welcome Discount
  • Loyalty Discount 
  • Five-Year Accident-Free Discount 
  • Multi-Policy Discount 
  • Signal®, which can reward you with an initial discount when you use our Signal app

Learn more about additional discounts that may be available in New Mexico.

Santa Fe

New Mexico’s state capital is the highest capital city in the U.S. at 7,199 feet above sea level. — World Atlas

More coverage options in New Mexico

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New Mexico home insurance

Learn more about what home insurance in New Mexico covers, available discounts and more.

View home insurance details and discounts for New Mexico

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New Mexico renters insurance

Renters insurance can help cover what your landlord’s insurance policy doesn’t, such as furniture, electronics and other personal belongings.

View renters insurance details and discounts for New Mexico

Learn From Experience

Learn more about car maintenance, safe driving and car insurance from professional drivers, car owners, and other experts.

Is My RV Covered in Mexico or Canada?

Whether you travel in your RV or everyday car, you’re covered in Canada just as you are in the U.S. It’s the one foreign country where your Farmers policy remains in force without restriction.

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Does The Distance of My Commute Affect My Auto Insurance?

My office is about thirty miles from my home. I drive to work every day, and sometimes even on Saturday. Will I pay more for car insurance because of my long commute?