The type of vehicle you own in New Mexico can make a big difference in how much you pay for car insurance.
Insurers consider more than just make and model when setting rates. They also weigh factors like crash-test ratings, theft rates, safety features and average repair costs, as well as personal factors like your age and driving record.
We have highlighted the vehicles with the lowest insurance premiums and broken them down by make, model and type. Below, you’ll find the cheapest car insurance rates in New Mexico for sedans, SUVs, sports cars, electric vehicles (EVs) and luxury vehicles.
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
Auto insurance rates differ based on the type of vehicle. Typically, Van models have the lowest premiums, while Performance Car tend to cost the most to insure.
Whether you drive a sedan or a luxury vehicle, we’ve crunched the numbers to find out which models cost the least to insure by vehicle type and their average six-month full-coverage premiums.
Cheapest sedans to insure in New Mexico
According to our data, the Subaru Legacy is the cheapest sedan to insure, with an average six-month full coverage premium of $1,092. This premium is based on coverage limits of 100/300/100 and $500 collision and comprehensive deductibles.
Volkswagen Jetta ranks second on our list with an insurance cost of $1,186, followed by Nissan Versa, which costs $1,212 to insure for a six-month policy.
Below is a list of the most affordable sedans to insure in New Mexico and their average full coverage six-month rates.
| 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
High-performance engines, increased repair costs and greater theft risk usually make sports cars expensive to insure.
Still, there are some models that are affordable to insure. The Mazda MX-5 Miata stands out as one of the cheapest options on our list, with an average six-month premium of $1,127.
The table below compares car insurance rates for different sports cars in New Mexico
| 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 vehicles typically have higher insurance costs than other types due to their premium features and advanced technology. These features make repairs and replacements significantly more expensive compared to compact crossovers like the Honda CR-V, Honda HR-V, or Volkswagen Tiguan.
With an average six-month full coverage premium of $1,091, the Acura RDX ranks as the most affordable luxury car to insure, followed closely by Volvo XC40 at $1,184 and the Acura MDX at $1,212.
The following table shows average premiums for various luxury vehicles, based on a six-month full coverage policy with limits of 100/300/100 and $500 deductibles for collision and comprehensive coverage.
| 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 are more expensive to buy and insure than many of their gas-powered counterparts because of their expensive components, such as batteries, and the cost of parts and labor to repair them.
According to our data analysis, insuring an electric vehicle costs an average of $3,166 a year or $264 a month.
Below is a list of the most affordable EVs to insure in New Mexico for a full coverage policy and average six-month 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
Choosing the right vehicle can significantly affect how much a young driver pays for insurance. Drivers younger than 25 pay the most of any age group due to their general lack of experience and greater risk of accidents. Vehicles considered safe with smaller engines, cheaper to repair, and less likely to be stolen come with lower premiums.
For instance, a Honda CR-V costs an average of $3,749 to insure for an 18-year-old driver, whereas a Subaru Outback costs an average of $3,835 for a six-month full coverage car insurance policy for an 18-year-old driver.
The table below highlights the cheapest cars to insure based on vehicle type, helping young drivers and their families make confident decisions.
Choose your state and vehicle type to see average six-month insurance rates by vehicle make-model for teens and young drivers.
Final thoughts
While your choice of car has a major impact on your insurance premium, it’s not the only factor. Your driving record, location and coverage level all play a role in calculating your premium. We’ve put together this guide to help you decide on a car that aligns with your needs and keeps your insurance rates in check.
See which cars are cheapest to insure in neighboring states
Frequently asked questions
Do electric cars have lower insurance costs in New Mexico?
Generally speaking, EVs are more expensive to insure than gas-powered vehicles. However, some electric cars are relatively affordable to insure compared to similar gas-engine vehicles.
For example, it costs $1,037 to insure a Mini Cooper Electric for a six-month policy, whereas the insurance cost of a Kia Niro EV is $1,103, according to our analysis.
Which SUVs are the cheapest to insure in New Mexico?
With an average six-month full coverage premium of $997, the Honda CR-V is one of the least expensive SUVs to insure in New Mexico. Honda HR-V and Volkswagen Tiguan also offer affordable premiums to New Mexico drivers.
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 an 18-year-old driver in New Mexico. On the other hand, Maserati Quattroporte, Maserati Ghibli and Audi RS7 are the most expensive vehicles to insure for a young driver.
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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