Simple Ways to Save on New Mexico Homeowners Insurance
New Mexico homeowners can save about $140. A detailed analysis by Vhome insurance shows customers can save upto $140 by choosing different saving options.Enter your zip code and click “GO” to get multiple free quotes.
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Top Populated Places with Average Home Insurance Rates and Potential Savings
| Place | Average Home Insurance ($) | Savings ($) |
|---|
| Albuquerque |
899 |
359 |
| Rio Rancho |
899 |
360 |
| Las Cruces |
852 |
341 |
| Santa Fe |
1,049 |
420 |
| Farmington |
873 |
349 |
| Los Lunas |
827 |
331 |
| Roswell |
763 |
305 |
| Clovis |
805 |
322 |
| Hobbs |
788 |
315 |
| Alamogordo |
772 |
309 |
Top Populated Counties with Average Home Insurance Rates and Potential Savings
| Place | Average Home Insurance ($) | Savings ($) |
|---|
| Bernalillo County |
908 |
363 |
| Dona Ana County |
828 |
331 |
| Santa Fe County |
1,074 |
430 |
| Sandoval County |
898 |
359 |
| San Juan County |
832 |
333 |
| Valencia County |
815 |
326 |
| McKinley County |
688 |
275 |
| Chaves County |
769 |
308 |
| Lea County |
790 |
316 |
| Otero County |
769 |
308 |
New Mexico Homeowners Insurance Premium in Comparison with the Nation
| State | Population | Median Home Value ($) | National Average Premium ($) | State Average Premium ($) | Difference vs. National Average ($) | Percentage Difference vs. National Average |
|---|
| New Mexico |
2,084,828 |
$163,900 |
$1,191 |
$1,031 |
-160 |
-13% |