McKayla Girardin, Car Insurance Writer
@mckayla_girardin
Full coverage insurance in New Mexico costs an average of $318 per month. A full coverage policy usually includes collision and comprehensive insurance, plus the types of coverage required by New Mexico law. In New Mexico, liability insurance is mandatory for all drivers.
Average Cost of Full Coverage Insurance in New Mexico
Company | Full Coverage | Minimum Coverage |
$158 per month | $49 per month | |
$160 per month | $32 per month | |
$173 per month | $49 per month | |
$193 per month | $42 per month | |
$216 per month | $74 per month |
Note: Premiums are average rates for a good driver in New Mexico; individual premiums will vary.
How to Get Cheaper Full Coverage Insurance in New Mexico
- Compare quotes from several companies to make sure you’re getting the best deal.
- Increase your deductible. Higher deductibles lead to lower premiums, but remember to only pick a deductible you’d be able to afford in an emergency.
- Don’t forget to make sure you’re getting all the discounts you can.
To learn more, check out WalletHub’s guide to full coverage car insurance.
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