New Mexico Car Insurance Requirements in 2026 (Minimum Coverage in NM)

Liability coverage of 25/50/15 is required to meet New Mexico car insurance requirements. NM car insurance rates begin at $23 per month.

Failure to meet the requirements and show proof of insurance will result in a fine of $300 or more and even suspension of your vehicle’s registration. Secure yours by understanding what car insurance covers.

New Mexico Auto Insurance Minimum Coverage Requirements

Meet NM car insurance requirements and find the best coverage option for your vehicle needs through our New Mexico guide. Enter your ZIP code to start comparing New Mexico car coverage and insurance rates.

Read through our guide to know the various options and how you can save money by securing the best and cheapest coverage option in New Mexico.

New Mexico Auto Insurance Requirements & What They Cover

In New Mexico, all personal vehicles must carry liability insurance and coverage that meets the state’s minimum coverage requirements.

This includes bodily injury liability coverage with limits of $25,000 per person and $50,000 for every accident and property damage liability coverage with a minimum limit of $10,000.

These requirements ensure that drivers can cover the expenses of injuries or damages they may cause to others in an accident. See more details about the New Mexico requirements in minimum coverage below.

Read more: Types of Car Insurance Coverage

Cheap Car Insurance in New Mexico

When looking for the most affordable car insurance in the area of New Mexico, you can trust USAA as the cheapest provider, consistently offering the lowest rates in the area. Securing the second and third spots are State Farm and Progressive.

Insurance rates can vary by city. Albuquerque’s minimum coverage averages $83 per month, while smaller towns like Grants see much lower averages around $56.

New Mexico Min. Coverage Monthly Rates by City

Age and gender also play a significant role in premium pricing—17-year-old males typically face the highest costs, while 60-year-old females enjoy the lowest.

Car Insurance Monthly Rates in New Mexico by Provider, Age, & Gender

Among all insurers, USAA offers the most competitive rates across nearly every category, including clean driving records and high-risk profiles like DUIs.

Car Insurance Monthly Rates in New Mexico by Driving Record

For New Mexico drivers seeking the best value, USAA consistently provides the most affordable coverage regardless of city, age, or driving history.

Read more: Best Car Insurance in Your State

Penalties for Driving Without Insurance in New Mexico

If you cannot show proof of insurance, you may face serious consequences, including fines of $300 or more, misdemeanor charges, suspension of your vehicle’s registration, and additional reinstatement fees.

To comply with the minimum New Mexico coverage requirements, your policy must include bodily injury liability coverage with limits of $25,000 for every person and $50,000 per accident and property damage liability coverage with a $10,000 limit.

Additional Coverage Options in New Mexico

Uninsured or underinsured insurance coverage pays for expenses related to being in an accident with someone who does not have adequate coverage or any coverage at all to pay for the resulting bills.

Comprehensive and collision coverage are two optional but important insurance coverages. Collision coverage will pay for expenses related to fixing or replacing your vehicle after an accident, while comprehensive coverage covers other non-collision-related damages, such as fire damage or theft.

We have compiled a list of the most stolen vehicles in New Mexico. If your vehicle is a popular target, this coverage is even more important to have. Learn how to keep your vehicle safe in New Mexico by entering your ZIP code.