Homeowners Insurance New Mexico

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Average Homeowners Insurance in New Mexico: $700

Median Home Price in New Mexico: $197,000

New Mexico homeowners insurance rates in December 2013 stood at an average of $700 as compared to $700 in November 2013.

Insurance Premium Saving Tips in New Mexico

  • Bundle your insurance:

    Bundling home and car insurance in New Mexico with the same provider will have approximately $70 to $105 of savings in New Mexico

  • Safety Systems:

    Having safety systems at home can save up to $123 in New Mexico

  • New Home:

    If your home was built within the past 10 years in New Mexico, you could save up to $140

  • Senior Discounts:

    Senior citizens (55 or older) in New Mexico could save approximately $140


Homeowners insurance cost by coverage

Insurance rangeAverage homeowners insurance cost($)
$49,999 and Under533
$50,000 to $74,999691
$75,000 to $99,999719
$100,000 to $124,999730
$125,000 to $149,999748
$150,000 to $174,999775
$175,000 to $199,999821
$200,000 to $299,999922
$300,000 to $399,9991,132
$400,000 to $499,9991,349
$500,000 and Over1,893

Renters insurance cost by coverage

Insurance rangeAverage renters insurance cost($)
$13,999 and Under124
$14,000 to $19,999170
$20,000 to $25,999181
$26,000 to $31,999189
$32,000 to $37,999179
$38,000 to $43,999201
$44,000 to $49,999198
$50,000 to $74,999223
$75,000 to $99,999 271
$100,000 and Over372

Home Insurance Monthly Trends

The below graph compares New Mexicos home median prices against, renters and owners home insurance average rates in New Mexico.

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