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Below are recommendations for insurance coverage based on your area’s accident and insurance data. All DecisionData.org recommendations are based on New Mexico data and estimates. The best insurance options for you may vary based on your personal driving record and finances.

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Accidents per Person

New Mexico

~29 per 1,000 people

USA

~17 per 1,000 people

Should I get cheap car insurance in New Mexico?

Maybe not. New Mexico ranks #4 out of 51 for most accidents per person. This estimate suggests that cheap car insurance may not be a good idea based on the far above average rate of accidents. We recommend you avoid low-deductible plans and providers known for low premiums. See providers below for more help.

Accidents per Mile

New Mexico

~2.4 per million miles

USA

~1.8 per million miles

How much liability coverage should I get?

Probably more than the minimum. New Mexicans drive an average of 12,154 per person in the state, which is above the national average of about 9,490. Whether due to long commutes, weather conditions, or bad roads, New Mexicans on average get in more accidents per mile driven. Consider your commute, and think about higher liability coverage.

Uninsured drivers

New Mexico

21.6% uninsured

USA

12.6% uninsured

Should I get comprehensive or liability-only insurance?

Consider comprehensive insurance, also known as standard insurance. New Mexico ranks 4th highest in the nation for uninsured drivers. Because there are far more uninsured drivers in New Mexico, you may want to choose comprehensive insurance, even if your car is paid for and can be replaced without financial strain.

Insurance Cost in New Mexico

Based on the data above, we estimate New Mexico is 49th out of 51 in affordability. Cheap insurance may be hard to come by, even with a good record.

Note on data bars above: The top of each red bar above is the highest value in any state, and the bottom is always 0.

 

Insurance Providers in New Mexico

ProviderBenefit summaryCustomer RatingPurchase link
GeicoLow pricing, but sub-par service3 out of 5View plans
NationwideThe best coverage and satisfaction most customers can get; higher premiums4 out of 5View plans
State FarmGood customer service and repair handling; moderate premiums3 out of 5View plans
USAASuperior overall service and pricing – but only available to military members and their families5 out of 5View plans
ProgressiveHigh settlement values; low premiums; fair customer service3 out of 5View plans
AllstateGood appraisal process and car rental handling; higher-than-average price3 out of 5View plans
esuranceNo benefit above average – not recommended2 out of 5View plans
Liberty MutualSlightly above average in all areas, very high premiums3 out of 5View plans

Sources:

Additional sources