In New Mexico, the type of car you drive can significantly affect your auto insurance premiums. Insurance companies take into account more than the make and model, they also factor in crash-test ratings, theft rates, safety features and average repair expenses. Other factors, such as your age and driving history, also play a key role in determining your premiums.
We’ve put together a list of the vehicles with the lowest insurance costs in New Mexico by make, model and vehicle type. Whether you drive a sedan, SUV, sports car, electric vehicle (EV) or any other luxury model, you’ll find the most affordable car insurance rates for each category below.
Ranked: The cheapest cars to insure in New Mexico
The Honda CR-V and Hyundai Venue are the cheapest vehicles to insure in New Mexico, closely followed by the Honda HR-V and Chevrolet Express, according to our data analysis.
Below is a list of the cheapest vehicles to insure in New Mexico and their average six-month full coverage premiums.
| Car make-model | Average six-month premium |
|---|---|
| Honda CR-V | $997 |
| Hyundai Venue | $1,015 |
| Honda HR-V | $1,033 |
| Chevrolet Express | $1,034 |
| Volkswagen Tiguan | $1,035 |
| Mini Cooper Electric | $1,037 |
| GMC Savana | $1,049 |
| Mazda CX-5 | $1,052 |
| Chevrolet TrailBlazer | $1,053 |
| Subaru Outback | $1,056 |
Read more: Cheapest cars to insure across the United States
Most affordable cars to insure by vehicle type in New Mexico
Insurance premiums can vary significantly by vehicle type. For instance, Van come with the most affordable insurance rates, whereas Performance Car typically have the highest costs.
We analyzed insurance rates for sedans, SUVs, sports cars, electric vehicles and luxury cars to find the most affordable makes and models in each category, along with their average six-month full coverage premiums.
Cheapest sedans to insure in New Mexico
Our data shows that Subaru Legacy is the most affordable sedan to insure in New Mexico. Its average six-month full coverage cost is $1,092 for a policy with limits of 100/300/100 and $500 collision and comprehensive deductibles.
The Volkswagen Jetta takes the second spot at $1,186, while the Nissan Versa comes in third with an average cost of $1,212.
The table below shows the cheapest sedans to insure in New Mexico and their average full coverage six-month costs.
| Vehicle model (sedan) | Average six-month premium |
|---|---|
| Subaru Legacy | $1,092 |
| Volkswagen Jetta | $1,186 |
| Nissan Versa | $1,212 |
| Honda Accord | $1,219 |
| Kia Forte | $1,236 |
| Honda Civic Sedan | $1,236 |
| Volkswagen Jetta GLI | $1,240 |
| Toyota Corolla | $1,245 |
| Nissan Sentra | $1,245 |
| Toyota Camry | $1,248 |
| Kia K5 | $1,277 |
| Hyundai Elantra | $1,281 |
| Mazda 3 Sedan | $1,287 |
| Chevrolet Malibu | $1,292 |
| Nissan Altima | $1,316 |
| Mitsubishi Mirage G4 | $1,337 |
| Hyundai Sonata | $1,350 |
Learn more: Cheapest sedans to insure across the United States
SUVs with the cheapest car insurance costs in New Mexico
The Honda CR-V and Honda HR-V are the cheapest SUVs to insure in New Mexico, with an average cost of $997 and $1,033 respectively for a six-month full coverage policy. The table below shows how the SUVs compare in terms of insurance rates.
| Vehicle model (SUV’s) | Average six-month premium |
|---|---|
| Honda CR-V | $997 |
| Honda HR-V | $1,033 |
| Volkswagen Tiguan | $1,035 |
| Mazda CX-5 | $1,052 |
| Chevrolet TrailBlazer | $1,053 |
| Subaru Forester | $1,061 |
| Kia Sportage | $1,064 |
| Toyota Corolla Cross | $1,065 |
| Jeep Wrangler | $1,066 |
| Chevrolet Trax | $1,073 |
| Honda Pilot | $1,073 |
| Honda Passport | $1,074 |
| Kia Seltos | $1,074 |
| Subaru Crosstrek | $1,081 |
| Hyundai Kona | $1,081 |
| Volkswagen Taos | $1,083 |
| Hyundai Tucson | $1,084 |
| Mazda CX-30 | $1,088 |
| Chevrolet Equinox | $1,094 |
| Ford Escape | $1,094 |
Learn more: Cheapest SUVs to insure across the United States
Sports cars with affordable insurance rates in New Mexico
Sports cars are typically expensive to insure due to their high-performance engines (which make speeding easier and increase the risk of tickets and accidents), expensive replacement parts and higher theft rates.
But some makes and models are still affordable to insure. For instance, the Mazda MX-5 Miata is one of the most inexpensive models on our list, with an average cost of $1,127.
See the table below for average full coverage car insurance rates of different sports cars.
| Vehicle model (Sport cars) | Average six-month premium |
|---|---|
| Mazda MX-5 Miata | $1,127 |
| Honda Civic Si | $1,308 |
| Chevrolet Camaro | $1,313 |
| Ford Mustang | $1,457 |
| Toyota GR86 | $1,569 |
| Subaru BRZ | $1,571 |
| BMW Z4 | $1,589 |
| Toyota GR Supra | $1,603 |
| Toyota GR Corolla | $1,616 |
| Subaru WRX | $1,619 |
| Honda Civic Type R | $1,658 |
| Porsche 718 Boxster | $1,706 |
| Chevrolet Camaro ZL1 | $1,710 |
| Chevrolet Corvette | $1,786 |
| Nissan Z | $1,867 |
| Porsche 718 Cayman | $1,905 |
| Chevrolet Corvette Z06 | $2,106 |
| Jaguar F-Type | $2,280 |
| Porsche 911 | $2,424 |
| Porsche 911 Turbo | $2,598 |
Learn more about cheapest sports cars to insure
Most affordable luxury vehicles to insure in New Mexico
Luxury cars are also more expensive to insure than some vehicle types because they’re loaded with expensive features, making them more costly to repair and replace than smaller crossover SUVs like the Honda CR-V, Honda HR-V or Volkswagen Tiguan.
The Acura RDX is the cheapest luxury car to insure, with an average cost of $1,091 for a full coverage six-month policy. It is followed by the Volvo XC40 ($1,184) and Acura MDX ($1,212).
The table below shows the full coverage six-month average premiums for different luxury vehicles with limits of 100/300/100 and $500 collision and comprehensive deductibles.
| Vehicle model (Luxury cars) | Average six-month premium |
|---|---|
| Acura RDX | $1,091 |
| Volvo XC40 | $1,184 |
| Acura MDX | $1,212 |
| Lincoln Corsair | $1,229 |
| Cadillac XT4 | $1,243 |
| Cadillac XT5 | $1,275 |
| Volvo XC60 | $1,275 |
| Alfa-Romeo Tonale | $1,290 |
| Audi Q3 | $1,293 |
| Acura Integra | $1,302 |
| BMW X3 | $1,311 |
| Lexus RX | $1,316 |
| Mercedes-Benz GLA-Class | $1,325 |
| BMW X1 | $1,325 |
| BMW X2 | $1,356 |
| Mercedes-Benz GLB-Class | $1,357 |
| Lexus NX | $1,361 |
| Acura TLX | $1,377 |
| Land Rover Discovery Sport | $1,385 |
| Cadillac XT6 | $1,387 |
Read more about insuring luxury cars in 2025
Top electric cars with cheap insurance rates in New Mexico
Electric vehicles generally come with higher purchase and insurance costs compared to gas-powered models, mainly due to their expensive components, such as batteries and the increased cost of repairs and labor.
Our data shows that the average cost to insure an electric vehicle is $3,166 annually, which breaks down to $264 monthly.
The table below highlights the most affordable EVs to insure in New Mexico, including their average six-month full coverage premiums.
| Vehicle model (EVs) | Average six-month premium |
|---|---|
| Mini Cooper Electric | $1,037 |
| Kia Niro EV | $1,103 |
| Hyundai Kona Electric | $1,111 |
| Volkswagen ID.4 | $1,158 |
| Nissan Leaf | $1,212 |
| Chevrolet Silverado EV | $1,247 |
| Ford F-150 Lightning | $1,318 |
| Audi Q4 e-tron | $1,327 |
| Toyota bZ4X | $1,334 |
| Subaru Solterra | $1,377 |
| Hyundai Ioniq 5 | $1,384 |
| Mercedes-Benz EQB | $1,428 |
| Ford Mustang Mach-E | $1,450 |
| Kia EV6 | $1,455 |
| Volvo XC40 Recharge | $1,482 |
| Kia EV9 | $1,495 |
| Hyundai Ioniq 6 | $1,503 |
| Nissan Ariya | $1,512 |
| Cadillac LYRIQ | $1,520 |
| Chevrolet Blazer EV | $1,550 |
Learn more about how much does insuring an electric vehicle cost
Cheapest cars to insure for teens and young drivers in New Mexico
Car insurance is typically most expensive for drivers under 25, as they’re considered higher-risk due to limited driving history. Choosing a safer, lower-risk vehicle is one way to reduce those premiums. Vehicles that are easier to repair and less appealing to thieves generally come with affordable insurance rates.
The average six-month full coverage premium for an 18-year-old insuring a Honda CR-V is $3,749, while insuring a Subaru Outback costs $3,835 for the same coverage.
In the table below, we’ve broken down the most affordable cars to insure by vehicle type to help young drivers and their families make confident choices.
Choose your state and vehicle type to see average six-month insurance rates by vehicle make-model for teens and young drivers.
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Final thoughts
Insurance rates vary significantly based on the car you drive, but other factors, such as where you live, your driving record and the coverage level you choose, are also important. Our guide will help you choose a vehicle that not only suits your lifestyle but is affordable to insure.
See which cars are cheapest to insure in neighboring states
Frequently asked questions
Do electric cars have lower insurance costs in New Mexico?
While electric vehicles often carry higher insurance rates than gas-powered cars, certain models stand out as more affordable when compared to their gas-engine counterparts.
For instance, it would cost you $1,037 for a six-month full coverage policy to insure the Mini Cooper Electric, and you can expect to pay an average of $1,103 for the Kia Niro EV for the same coverage.
Which SUVs are the cheapest to insure in New Mexico?
In New Mexico, insuring a Honda CR-V SUV costs about $997 for six months, making it one of the most affordable options. The Honda HR-V and Volkswagen Tiguan also have cheap car insurance rates.
What are the cheapest cars to insure for teen drivers in New Mexico?
The Honda CR-V, Subaru Outback, Mini Cooper Electric and Honda Odyssey are some of the cheapest cars to insure for 18-year-olds in New Mexico. However, insuring models such as the Maserati Quattroporte, Maserati Ghibli and Audi RS7 can be significantly more expensive due to higher risk factors.
Methodology
CarInsurance.com collected data from Quadrant Information Services for different makes and models. The rates are based on sample profiles of 18-year-old and 40-year-old drivers carrying full coverage policies with limits of 100/300/100 and $500 collision and comprehensive deductibles.
To evaluate the premiums, we have compared 67,566,780 insurance quotes from 57 insurance companies for 1,661 makes and models across 510 ZIP codes nationwide. The rates are for comparison purposes only; your exact rates may vary.
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