Average car insurance cost in Las Cruces, NM

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The average car insurance cost in Las Cruces, New Mexico is $1,894 per year, according to Insure.com data analysis. Also, the car insurance rates in Las Cruces is $155 less than the average rates in New Mexico and $1 less than the national average.

Most insurance providers consider factors such as location, city demographics, population density, and average resident age, accident rates, theft and vandalism rates while determining your car insurance premium. This may lead to either lower or higher costs compared to other regions.

This article provides details on the most and least expensive car insurance companies in Las Cruces, the average car insurance rates categorized by age and gender, and the cost of car insurance in Las Cruces based on coverage limits. Whether you’re a new driver or an experienced driver, this article will help you find the most cost-effective auto insurance in Las Cruces. Read on to learn more.

Cheap car insurance companies in Las Cruces

Geico offers the cheapest car insurance in Las Cruces, at an average of $1,201 per year with full coverage limits of 100/300/100.

The second cheapest company in Las Cruces is Central Insurance, offering car insurance rates at $1,339 per year.

As mentioned earlier, car insurance rates vary from one company to another because the factors used to calculate rates vary by insurer. Therefore, comparing quotes from multiple insurers is recommended to find cheap car insurance rates in Las Cruces before deciding on the policy that matches your requirements.

The table below lists the average annual and monthly costs for the various car insurance companies providing coverage in Las Cruces, New Mexico:

Read about the best car insurance companies.

Average car insurance cost in Las Cruces by coverage limits

The average car insurance rates in Las Cruces by coverage type are as follows:

• State minimum coverage: $439 per year (limits of 25/50/25)
• Liability-only coverage: $672 per year (limits of 50/100/50)
• Full coverage: $1,894 per year (limits of 100/300/100)
• Non-owners coverage: $305 per year

In many states, drivers are legally required to maintain state minimum coverage. However, these requirements vary by state. However, the state minimum coverage does not protect vehicles listed on your policy in an at-fault accident.

It’s advisable to choose full coverage to avoid the risk of inadequate coverage and out-of-pocket expenses. You can also choose non-owners coverage if you often borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Las Cruces

The average car insurance per year for female drivers in Las Cruces, New Mexico, is $1,902.

Whereas the yearly average car insurance rate for male drivers is $1,885, which is $17 less than what female drivers pay.

According to the Insurance Information Institute, women are considered to be safer drivers than men, and statistics have proved this. They often enjoy lower auto insurance premiums due to their lower incidence of severe accidents compared to men.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Las Cruces

In Las Cruces, car insurance rates are highest for teens, averaging $5,906 per year or $492 per month. According to the Insurance Information Institute, these higher rates for 16- to 19-year-olds are due to their increased likelihood of road accidents due to their lack of driving experience.

Specific teen driving laws have been implemented to help them become better drivers. Additionally, parents can lower teen insurance rates by adding them to their existing auto insurance policy.

As teens grow older and build a positive driving history, their car insurance rates decrease. Young adults usually pay $2,940 annually for their car insurance, which is $2,966 less than what teens pay for their coverage.

In Las Cruces, adult drivers pay an average of $1,891 per year for car insurance, while senior drivers pay $1,899 annually.

According to the Insurance Information Institute, rates for adults and seniors are significantly lower than for teens and young adults, as they are more likely to obey speed limits and follow road rules.

Read more on auto insurance for seniors.

The table below lists the average annual rates for drivers of different age groups:

Car insurance rate trends in Las Cruces

Examining the trends in car insurance rates in Las Cruces, New Mexico, there was an upward trend from 2022 to 2023. Between 2022 and 2023, rates increase overall by 37% or $515.

The table below illustrates the trend over the three years:

Conclusion

In conclusion, the insurance rates in Las Cruces, are lower than the average insurance cost in New Mexico. Shopping around and taking advantage of available discounts, drivers in Las Cruces can find affordable car insurance options. Many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.