Country Guide
Best Car Insurance in New Mexico (2026)
New Mexico has near-average car insurance costs. Compare top carriers for the best rates in NM.
By Itai Varochik | Updated February 20, 2026
Top Exchanges in New Mexico
| # | Exchange | Best For | Fees | Type |
|---|---|---|---|---|
| 1 | State Farm | Agent network | $1,480/yr | — |
| 2 | USAA | Military families | $1,120/yr | — |
| 3 | GEICO | Online savings | $1,320/yr | — |
| 4 | Progressive | High-risk drivers | $1,640/yr | — |
| 5 | Farmers | Rural coverage | $1,560/yr | — |