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Car insurance for high-risk drivers in New Mexico

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Drivers with multiple tickets, at-fault accidents or a DUI may have a harder time finding low rates for car insurance. In addition, reckless or high-risk driving in New Mexico could lead to your license being suspended, restricted or revoked. New Mexico high-risk auto insurance is an alternative coverage when your traditional vehicle insurance is no longer available or affordable.

High-risk car insurance rates in New Mexico

The cost of your New Mexico vehicle insurance depends on your driving record, vehicle and level of coverage, as well as other various factors. New Mexico high-risk auto insurance is often more expensive than traditional coverage. Each insurance carrier has its own threshold of risk when pricing your vehicle insurance. One carrier may provide affordable insurance for a driver with speeding tickets but hike premiums sharply after an accident or claim. The following average 2021 rates for various high-risk incidents were pulled from Quadrant Information Services.

Insurance rates after a speeding ticket

Speeding tickets could increase your auto insurance rates significantly, depending on the insurer. There is no formula to determine which insurance company will be cheaper after a speeding ticket. However, Bankrate’s analysis found USAA, Farmers and Progressive to be the most affordable carriers on average.

Car insurance company New Mexico average annual premium for full coverage before a speeding ticket New Mexico average annual premium for full coverage after a speeding ticket % difference
USAA $1,102 $1,328 20%
Farmers $1,278 $1,791 40%
Progressive $1,310 $1,504 15%

Rates after an accident

In New Mexico, being held responsible for a car accident will generally raise your premiums more than a speeding ticket. However, for high-risk auto insurance in New Mexico after a car accident, rates vary dramatically from one insurance company to the next.

Car insurance company New Mexico average annual premium for full coverage before an accident New Mexico average annual premium for full coverage after an accident % difference
USAA $1,102 $1,574 43%
Farmers $1,278 $1,938 52%
Progressive $1,310 $1,862 42%

USAA car insurance may start out as the cheapest coverage for safe drivers, but a single accident could increase your premiums 43%. USAA is also only available to qualifying military and family members. Meanwhile, Farmers’ rates increase 52% after an accident, while Progressive rates increase 42% after an accident. It’s worth noting that Progressive’s rates were already the highest on our list.

Insurance rates after a DUI

Driving under the influence may be the most dangerous risk a driver could take both financially and in terms of safety.

Here’s how getting a DUI can impact auto insurance rates.

Car insurance company New Mexico average annual premium for full coverage before a DUI New Mexico average annual premium for full coverage after a DUI % difference
USAA $1,102 $2,185 98%
Farmers $1,278 $1,871 46%
Progressive $1,310 $1,407 7%

Insurance rates for teen drivers

Car insurance premiums for parents who add their teen kids to their policies in New Mexico are higher than average.

Car insurance company Average annual premium for full coverage
USAA $2,515
Farmers $2,472
Progressive $3,045

*16-year-old on their parent’s policy

Getting quotes from multiple carriers is the best way to find the cheapest car insurance.

Who is a high-risk driver?

High-risk drivers come in all ages and experience levels. Insurance companies generally consider drivers with a DUI conviction or with more than one accident or moving violation to be high-risk.

Many states may suspend or revoke your license after accumulating six points, but in New Mexico, six points will get you a warning. Seven to 10 points in one year is an automatic three-month driver’s license suspension, and 12 points in one year will get you a 12-month suspension.

How to lower your rate if you’re a high-risk driver

High-risk drivers have limited carrier options and higher premiums. One way to offset the limited options is by finding ways to decrease the cost of coverage:

  • Compare multiple carriers to find the cheapest coverage based on your current needs.
  • Apply as many discounts as possible. Some examples are safe driver telematics and multi-line discounts, as well as discounts for low-mileage drivers and student drivers.
  • Complete an approved, eight-hour traffic school course to keep points off your driving record.
  • Increase your deductible to the highest amount you can afford.

Saving as little as five to 10 percent on your car insurance could translate to hundreds of dollars over time.

Frequently asked questions

Do I need extra auto insurance if I’m a high-risk driver?

All New Mexico drivers are required to have liability insurance with minimums of $25,000 in bodily injury and death per person, $50,000 total per accident and $10,000 in property damage. Uninsured and underinsured coverages must be offered but can be rejected in writing. From the state’s perspective, you won’t be required to purchase more car insurance than that, regardless of your driving record. However, you may want to consider speaking with a licensed insurance agent to see what amount of coverage is right for you, especially if you have a history of accidents or tickets.

How many points do I get in New Mexico if I cause an accident?

New Mexico assigns zero to three points if you’re a negligent operator (responsible for a car crash). The DMV may suspend or revoke your accident after you have seven points on your record.


Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

High-risk drivers

Incident: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.

Written by
Lizzie Nealon
Insurance Writer
Lizzie Nealon is a former insurance writer for Bankrate. Her favorite part of the job is making home, auto and life insurance digestible for readers so they can prepare for the future.
Edited by
Insurance Editor