Candace Baker, Car Insurance Writer
@candacebaker
The city in New Mexico with the least expensive auto insurance premiums is Alamogordo, which has an average annual premium of $1,036 per year. By comparison, the average cost of car insurance in New Mexico overall is $1,042 per year.
Cheapest Cities for Car Insurance in New Mexico
- Alamogordo: $1,036 per year
- Deming: $1,072 per year
- Silver City: $1,076 per year
- Aztec: $1,110 per year
Some cities in New Mexico have cheaper car insurance premiums than others because insurance companies take a driver's ZIP code into account when calculating their premium, alongside other factors. For example, drivers who live in dense urban areas typically pay more for coverage than drivers in rural areas because they're more likely to get into an accident. And if an area has a particularly high theft rate, car insurance may be more expensive due to the risk of vehicles being stolen.
To learn more, check out WalletHub's guide to the cheapest car insurance in New Mexico.
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