New Mexico Home Insurance at a Glance
For the same house, homeowners insurance in New Mexico averaged $2,784 a year ($232 a month) across the 3 insurers we compared, 10.2% below the average of the 50 states and D.C. That’s for a 2,000 sq ft wood-frame house with a composition roof, built in 1997 and insured for $300,000 with a $1,000 deductible.
For the same home, prices among the 3 insurers we compared ranged from $185 to $287 a month, a $102-a-month gap for identical coverage. These are sample prices for one example home, not quotes or offers.
- $300K dwelling
- $1,000 deductible
- $300K liability
- Built 1997
- Composition roof
- 2,000 sq ft wood-frame house
- See the homes we priced
Rates as of Sept. 30, 2026 · Page updated Nov. 2, 2026
New Mexico home insurance: key numbers
- Home
- $2,784/yr $232/mo
- Renters
- $213/yr $18/mo
- Condo
- $265/yr $22/mo
How much is homeowners insurance in New Mexico?
Homeowners insurance in New Mexico averages $232 a month for the house we priced, with rates as of Sept. 30, 2026. The 3 major insurers we compared are State Farm, Foremost and Farmers, and each one priced our sample home in all 72 New Mexico ZIP codes in our data, which span 26 counties. For this house, New Mexico is the 25th most expensive of the 50 states and D.C.
Our figures are for a $300,000 dwelling; insuring a larger or costlier house for more usually costs more.
For the same insurers and ZIP codes, the New Mexico average rose 1.1% since Nov. 2025, from $2,754 a year ($230 a month) on Nov. 30, 2025, to $2,784 ($232) on Sept. 30, 2026, as State Farm’s rose 4.3%, Farmers’ didn’t change and Foremost’s didn’t change.
Homeowners insurance averages by insurer in New Mexico for our sample home (rates as of Sept. 30, 2026)
| Insurer | Per month | Per year |
|---|---|---|
| State Farm | $185 | $2,214 |
| Foremost | $224 | $2,691 |
| Farmers | $287 | $3,447 |
State Farm averaged $185 a month ($2,214 a year), Foremost $224 ($2,691) and Farmers $287 ($3,447) for our sample home.
Same sample home: each insurer’s average yearly price in the same New Mexico ZIP codes, Nov. 30, 2025 and Sept. 30, 2026
| Insurer | Nov. 30, 2025 (per year) | Sept. 30, 2026 (per year) | Change |
|---|---|---|---|
| State Farm | $2,122 | $2,214 | +4.3% |
| Farmers | $3,447 | $3,447 | No change |
| Foremost | $2,691 | $2,691 | No change |
All 3 insurers in the table priced the same 72 New Mexico ZIP codes on both dates.
By ZIP code: each insurer’s yearly price for the same house changed with the New Mexico address:
- State Farm ran from $1,166 to $6,787 a year by ZIP code and priced all 72 New Mexico ZIP codes in our data.
- Foremost ran from $1,536 to $4,581 a year by ZIP code and priced all 72 New Mexico ZIP codes in our data.
- Farmers ran from $1,756 to $6,845 a year by ZIP code and priced all 72 New Mexico ZIP codes in our data.
Who has the cheapest homeowners insurance in New Mexico?
State Farm had the lowest home average for our sample home of the insurers anyone can buy from, $185 a month ($2,214 a year), 17.7% below Foremost’s $2,691 a year, the next of those insurers. It may not be the lowest for your house, so compare a few quotes.
What changes your price: where the house sits, its value, age and roof, your deductibles, claims and credit, and whether you add a car. In New Mexico, ZIP code averages for this house ran from $149 a month in Anthony to $506 in Portales, while insurers’ statewide averages ran from $185 to $287.
Your ZIP code matters
Where is home insurance cheapest in New Mexico? Costs by city
For the same house, Las Cruces has the lowest average of the cities in the table with at least 5 ZIP codes, $169 a month, and Albuquerque the highest, $198, 14.8% below the state average.
Same sample home: average home insurance prices in 3 New Mexico cities (rates as of Sept. 30, 2026)
| City | Per month | Per year | vs. state |
|---|---|---|---|
| Las Cruces 5 ZIP codes | $169 | $2,030 | −27.1% |
| Santa Fe 5 ZIP codes | $181 | $2,176 | −21.8% |
| Albuquerque 16 ZIP codes | $198 | $2,371 | −14.8% |
| New Mexico 72 ZIP codes | $232 | $2,784 | Baseline |
Each city covers the ZIP codes in our data with that city as their main mailing address; small sample means fewer than 5 ZIP codes.
Lowest vs. highest ZIP code for our sample home (rates as of Sept. 30, 2026)
Lowest
88021
Anthony (Doña Ana County)
$149/mo
$1,786 a year
Highest
88130
Portales (Roosevelt County)
$506/mo
$6,071 a year
Of the 72 New Mexico ZIP codes we priced, Portales’ 88130 had the highest average for our sample home, about 3.4 times that of the lowest, 88021 in Anthony.
The five highest-priced ZIP codes are 88130 in Portales ($506 a month), 88101 in Clovis ($495 a month), 88242 in Hobbs ($491 a month), 88240 in Hobbs ($481 a month) and 88260 in Lovington ($472 a month).
The five lowest-priced ZIP codes are 88021 in Anthony ($149 a month), 88063 in Sunland Park ($150 a month), 88008 in Santa Teresa ($153 a month), 88081 in Chaparral ($154 a month) and 88001 in Las Cruces ($165 a month).
Same house, different state: how does New Mexico compare?
New Mexico costs less for the identical house than all 4 of its neighbors: its $232 a month is 11.9% below Arizona’s $263.
Same sample home: average home insurance prices in New Mexico, neighboring states and the 50 states and D.C. (rates as of Sept. 30, 2026)
| Place | Per month | Per year | NM vs. this place |
|---|---|---|---|
| New Mexico | $232 | $2,784 | Baseline |
| Arizona | $263 | $3,160 | −11.9% |
| Colorado | $361 | $4,333 | −35.7% |
| Oklahoma | $474 | $5,693 | −51.1% |
| Texas | $640 | $7,674 | −63.7% |
| Average of the 50 states and D.C. | $258 | $3,101 | −10.2% |
Same sample house in every state; each figure averages every insurer we priced there, so one high-priced insurer can lift a state’s average.
Of the other 49 states and D.C., 26 have a lower average for this house than New Mexico and 24 a higher one.
Compare all states: home insurance costs for the same house in all 50 states and D.C.
What does a New Mexico homeowners policy cover?
A standard homeowners policy pays to repair or rebuild after covered damage such as fire, lightning, wind and hail, theft and some water damage from burst pipes; flood and earthquake damage need separate coverage. All six coverages below are inside the $2,784-a-year New Mexico average for our sample home.
- Dwelling ($300,000): the house itself, from the foundation to the roof.
- Other structures ($30,000): a detached garage, carport, fence or shed.
- Personal property ($150,000): furniture, clothes and electronics.
- Loss of use ($30,000): a rental and other extra costs while repairs keep you out.
- Personal liability ($300,000): legal defense and damages if you’re responsible for someone’s injury or property damage.
- Medical payments ($5,000): smaller medical bills for a guest hurt at your home.
Say a storm damages the roof and the repair costs $15,000. With the $1,000 deductible we priced, the policy would pay up to $14,000. With a 2% wind and hail deductible on the same $300,000 house, you’d pay the first $6,000 instead, and the policy up to $9,000.
How much is homeowners insurance on a $300,000 house in New Mexico?
For a house with $300,000 of rebuilding coverage and a $1,000 deductible, homeowners insurance in New Mexico averages $232 a month ($2,784 a year) across the 3 insurers we compared in 72 ZIP codes (rates as of Sept. 30, 2026). That’s 10.2% below the $258-a-month average of the 50 states and D.C. for the same house. Insurers’ averages for that same house ran from $185 to $287 a month.
Is $200 a month a lot for home insurance in New Mexico?
$200 a month is 13.8% below our sample home’s $232-a-month New Mexico average; New Mexico is the 25th most expensive of the 50 states and D.C. for this house. 1 of the 3 insurers we compared averaged under $200 for the same house: State Farm ($185). If a quote for your home is near $200, compare its dwelling limit and deductibles with ours ($300,000 and $1,000) before you decide.
Why your New Mexico quote may differ from these prices
Use our one-house figures as a starting point when you compare homeowners insurance quotes for yours.
Your roof: Our sample house has a composition roof, and we priced it without a roof age. Insurers often charge more for older roofs, so ask how your roof’s age and material change your quote.
Your claims and credit: a recent claim, or weaker credit where an insurer uses it, can push a New Mexico quote above the $232 a month our claim-free, good-credit owner averages.
Your deductibles: our house has one $1,000 deductible for covered losses other than a hurricane. If your policy has a separate percentage deductible for wind and hail, your premium and your out-of-pocket cost after a storm will both differ from ours.
What is the 80% rule in homeowners insurance?
A consumer guide from the National Association of Insurance Commissioners, the group of state insurance regulators, explains that many policies reduce a partial-loss payment if you insure for less than 80% of your home’s replacement cost, the cost to rebuild it. For our $300,000 sample house, that’s at least $240,000, so check your limit against a current rebuilding cost, not the home’s market value.
What drives home insurance prices in New Mexico?
For our sample house, New Mexico is the 25th most expensive of the 50 states and D.C. Our figures don’t separate causes; these official records show what New Mexico homes face.
The 2022 Hermits Peak/Calf Canyon fire burned 341,471 acres, the largest and most destructive fire in New Mexico history, the governor’s office said.
New Mexico’s Office of Superintendent of Insurance says people cause 87% to 96% of wildfires, and peak season runs roughly April through June.
How do wind and hail deductibles work in New Mexico?
Your deductible is the amount you pay out of pocket on each claim before your insurer pays. The house we priced has a $1,000 deductible for covered losses other than a hurricane, including wind and hail. Our sample home request also includes a 2% hurricane deductible, a setting we use in every state; real New Mexico policies may use a separate wind and hail deductible, so ask for yours.
Your wind and hail deductible in dollars (illustration only)
| Dwelling coverage | 1% | 2% | 5% |
|---|---|---|---|
| $200,000 | $2,000 | $4,000 | $10,000 |
| $300,000 (our sample home) | $3,000 | $6,000 | $15,000 |
| $400,000 | $4,000 | $8,000 | $20,000 |
The table shows deductibles, not premiums. At 2%, the deductible on our sample home’s $300,000 dwelling is $6,000, more than the $2,784 a year that house averages in New Mexico.
A higher deductible usually lowers your premium, so weigh the lower price against the bigger bill you’d face after a storm.
How to find cheaper home insurance in New Mexico
For our sample home, New Mexico insurers’ statewide averages ran from $2,214 to $3,447 a year. These are the levers you control; how much each one moves a quote depends on the insurer and the house, and none of them comes with a promised price.
Compare at least three insurers: even one insurer’s price moves a lot by address: State Farm’s for our sample home ran from $1,166 to $6,787 a year depending on the New Mexico ZIP code.
Price two deductibles: ask each insurer for the premium at your current deductible and one step higher, and keep any percentage wind and hail deductible in dollars in mind (2% of $300,000 is $6,000, about 26 months of New Mexico’s $232-a-month average premium).
Ask about a tougher roof and safety devices: impact-resistant roofing, smoke detectors, burglar alarms and dead-bolt locks are common discounts to ask about.
Bundle with care: some insurers take roughly 5% to 15% off when you buy home and car insurance together, the Insurance Information Institute says; compare both ways before you decide.
Keep the coverage you need: insuring at least 80% of the rebuilding cost protects you on partial losses, so a lower price that comes from a lower limit can cost you after a large claim.
Guard a clean record: our sample owner has no claims in 10 years, and the $232-a-month New Mexico average assumes that clean record; a recent claim can raise a quote.
What if an insurer won’t renew your New Mexico home?
New Mexico insurers must give at least 30 days’ notice before they don’t renew a home policy, the Office of Superintendent of Insurance says. Read the notice and your policy’s own cancellation and nonrenewal terms, then start shopping right away. If a notice doesn’t make sense to you, or you need help with a claim, call the New Mexico Office of Superintendent of Insurance at 855-427-5674.
If you can’t get coverage in the regular market, the New Mexico Property Insurance Program (the state’s FAIR Plan) offers basic property coverage to qualified applicants.
In our data, every insurer we compared priced our sample home in all 72 New Mexico ZIP codes.
Got a nonrenewal notice?
- Note the date your coverage ends and start shopping now.
- Get quotes from at least three insurers (we compared 3 in New Mexico, from $185 to $287 a month for the same house), or ask a licensed agent to compare them for you.
- If insurers turn you down, ask a New Mexico-licensed agent about the New Mexico FAIR Plan.
- If the notice looks wrong, call the New Mexico Office of Superintendent of Insurance at 855-427-5674.
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How much is renters insurance in New Mexico?
Renters insurance for our sample renter averages $18 a month ($213 a year) in New Mexico. For our sample renter, prices among the 5 insurers we compared ranged from $13 to $23 a month, a $10-a-month gap for the same coverage.
Renters insurance averages by insurer in New Mexico for our sample renter (rates as of Sept. 30, 2026)
| Insurer | Per month | Per year |
|---|---|---|
| State Farm | $13 | $153 |
| USAA (military families only) | $15 | $183 |
| Safeco | $18 | $217 |
| Foremost | $20 | $235 |
| Farmers | $23 | $276 |
State Farm averaged $13 a month ($153 a year), USAA (military families only) $15 ($183), Safeco $18 ($217), Foremost $20 ($235) and Farmers $23 ($276) for our sample renter.
By ZIP code (renters):
- State Farm ran from $11 to $15 a month by ZIP code for our sample renter and priced all 72 ZIP codes.
- USAA (military families only) ran from $14 to $16 a month by ZIP code for our sample renter and priced all 72 ZIP codes.
- Safeco ran from $12 to $27 a month by ZIP code for our sample renter and priced all 72 ZIP codes.
- Foremost ran from $19 to $22 a month by ZIP code for our sample renter and priced all 72 ZIP codes.
- Farmers ran from $20 to $28 a month by ZIP code for our sample renter and priced all 72 ZIP codes.
State Farm had the lowest renters average for our sample renter of the insurers anyone can buy from, $13 a month ($153 a year), 29.7% below Safeco’s $217 a year, the next of those insurers. Another insurer may be lower for your apartment, so compare quotes.
New Mexico’s renters average is the 12th least expensive of the 50 states and D.C., 17.0% below their average of $21 a month ($256 a year). Our sample renter’s policy costs about 8% of what our sample home costs to insure in New Mexico.
For the same insurers and ZIP codes, the New Mexico renters average barely moved since Nov. 2025: it fell 0.1%, staying at $18 a month, as State Farm’s fell 0.7%, Farmers’ didn’t change and Foremost’s didn’t change.
By ZIP code, the New Mexico renters average for our sample renter ran from $16 a month in Los Alamos (87544) to $20 in Albuquerque (87102).
Our sample renter lives in an apartment built in 2005 and insures $40,000 of belongings with $300,000 liability and a $1,000 deductible. The renter is 40, single, with good credit and no claims. Rates as of Sept. 30, 2026, from 360 sample prices by 5 insurers across 72 New Mexico ZIP codes.
- $40K belongings
- $300K liability
- $1,000 deductible
What does renters insurance cover in a New Mexico apartment?
Your landlord’s insurance is for the building; a renters policy is for your belongings and your liability. The policy we priced pays up to $40,000 for belongings after a covered fire, storm or burglary and $300,000 if you’re responsible for someone’s injury or property damage. In New Mexico, that package averages $18 a month; flood and earthquake damage need separate coverage.
How we got these renters prices: each insurer’s average across the 72 New Mexico ZIP codes in our data. Sample prices, not quotes or offers.
How much is condo insurance in New Mexico?
Condo insurance for our sample condo averages $22 a month ($265 a year) in New Mexico. For our sample condo, prices among the 4 insurers we compared ranged from $18 to $29 a month, an $11-a-month gap for the same coverage.
Condo insurance averages by insurer in New Mexico for our sample condo (rates as of Sept. 30, 2026)
| Insurer | Per month | Per year |
|---|---|---|
| State Farm | $18 | $211 |
| Safeco | $20 | $241 |
| Foremost | $22 | $263 |
| Farmers | $29 | $345 |
State Farm averaged $18 a month ($211 a year), Safeco $20 ($241), Foremost $22 ($263) and Farmers $29 ($345) for our sample condo.
By ZIP code (condo):
- State Farm ran from $14 to $25 a month by ZIP code for our sample condo and priced all 72 ZIP codes.
- Safeco ran from $18 to $25 a month by ZIP code for our sample condo and priced all 72 ZIP codes.
- Foremost ran from $21 to $29 a month by ZIP code for our sample condo and priced all 72 ZIP codes.
- Farmers ran from $24 to $35 a month by ZIP code for our sample condo and priced all 72 ZIP codes.
State Farm had the lowest condo average for our sample condo of the insurers anyone can buy from, $18 a month ($211 a year), 12.5% below Safeco’s $241 a year, the next of those insurers. Your unit may price differently, so get a few condo quotes.
New Mexico’s condo average is the 5th least expensive of the 50 states and D.C., 45.0% below their average of $40 a month ($481 a year). Our sample condo’s policy costs about 10% of what our sample home costs to insure in New Mexico.
For the same insurers and ZIP codes, the New Mexico condo average barely moved, from $265 to $265 a year, as State Farm’s rose 0.2%, Farmers’ didn’t change and Foremost’s didn’t change.
By ZIP code, the New Mexico condo average for our sample condo ran from $20 a month in Socorro (87801) to $26 in Albuquerque (87102).
Our sample condo is a 2,000-square-foot unit in a building built in 2005, with $60,000 of coverage for the unit, $60,000 for belongings, $300,000 liability and a $1,000 deductible. The owner is 40, single, has good credit and no claims in 10 years.
- $60K unit coverage
- $60K belongings
- $1,000 deductible
- Built 2005
Which part of a New Mexico condo is yours to insure?
The association’s master policy covers the building, and your condo policy covers what the declaration and master policy leave to you. In our sample policy, $60,000 covers the inside of the unit and $60,000 your belongings, and that package averages $22 a month in New Mexico.
What to check with your HOA before you buy condo insurance
- The master policy: ask the association or manager for its certificate of insurance and declarations page.
- Bare walls or more: find out whether it stops at the bare walls or also covers fixtures and finishes; that sets your unit coverage.
- The master deductible: ask how large it is and whether the association can pass part of it to owners after a storm.
- Loss assessment: ask your insurer how much loss assessment coverage your policy includes (it can pay your share if the association bills owners for a covered loss to shared parts of the building).
New Mexico city guides
Home $169/mo
5 ZIP codes in our data
Home $198/mo
16 ZIP codes in our data
You may also want to compare: car + home insurance in New Mexico
Many New Mexico homeowners insure a car too. Some insurers take roughly 5% to 15% off when you buy home and car insurance from them together (Insurance Information Institute), but the same insurer has to write both policies, and buying both from one insurer isn’t always the lower-priced choice, so compare both ways.
See New Mexico car insurance rates · How bundling home and auto insurance works
Frequently asked questions about home insurance in New Mexico
How much is home insurance in New Mexico?
For the house we priced, New Mexico averages $2,784 a year ($232 a month) across the 3 insurers we compared and 72 ZIP codes, with rates as of Sept. 30, 2026. By ZIP code, the average runs from $149 a month in Anthony to $506 in Portales, so your address matters.
Which New Mexico city has the cheapest home insurance?
Of the New Mexico cities in our table with at least 5 ZIP codes, Las Cruces had the lowest average for our sample home, $169 a month, and Albuquerque the highest, $198.
How much is insurance on a $300,000 home in New Mexico?
Our sample home is insured for $300,000 of dwelling coverage, and it averages $232 a month ($2,784 a year) in New Mexico across 72 ZIP codes. That’s about $9.28 a year per $1,000 of dwelling coverage, though premiums don’t rise in step with the limit, so quote your own rebuilding cost.
How do I get homeowners insurance quotes in New Mexico?
Enter your ZIP code in any quote box on this page to compare free homeowners insurance quotes for your New Mexico address. Get at least three: for our sample home, the 3 insurers anyone can buy from that we compared averaged $185 to $287 a month in New Mexico.
How much is insurance on a $400,000 house in New Mexico?
We priced a $300,000 dwelling, not $400,000. For that house, New Mexico averages $232 a month. A $400,000 house usually costs more to insure, so get quotes for your own rebuild cost, and remember the 80% rule.
Does New Mexico home insurance cover wind and hail damage?
Generally, yes, minus your deductible: a standard homeowners policy covers wind and hail damage. Some insurers use a separate percentage deductible for wind and hail, so work out what yours means in dollars; on our $300,000 sample house, 2% is $6,000, or $3,216 more than a year of the New Mexico average premium for that house.
Is flood damage covered by home insurance in New Mexico?
No. A standard New Mexico home or renters policy doesn’t cover flooding. You can buy it through federal flood insurance (NFIP) or a private insurer, and a new NFIP policy usually takes 30 days to start, so don’t wait for a storm warning.
Are New Mexico home insurance rates going up in 2026?
For the house we priced, the New Mexico average rose 1.1% for the same insurers and ZIP codes between Nov. 30, 2025 and Sept. 30, 2026, to $232 a month. Your own renewal depends on your insurer, your home and your claims.
What does renters insurance cost in New Mexico?
Our sample renter, insuring $40,000 of belongings with $300,000 liability, pays an average of $18 a month ($213 a year) in New Mexico across the 5 insurers we compared.
What does condo insurance cost in New Mexico?
Our sample condo, with $60,000 of unit coverage and $60,000 for belongings, averages $22 a month ($265 a year) in New Mexico across the 4 insurers we compared.
Who regulates home insurance in New Mexico?
The New Mexico Office of Superintendent of Insurance licenses insurers, oversees their rates and forms, and helps consumers with complaints about claims and nonrenewals. Its consumer line is 855-427-5674.
Official resources for New Mexico homeowners
- New Mexico Office of Superintendent of Insurance: home insurance Consumer help, notice rules and the FAIR Plan.
- New Mexico governor’s office: Hermits Peak/Calf Canyon fire The 2022 fire figures.
- National Association of Insurance Commissioners: homeowners guide Coverage basics and the 80% rule.
- FEMA Flood Map Service Center The official source for FEMA flood maps.
- FloodSmart FEMA’s site for the National Flood Insurance Program.
How we calculated these prices
We priced the same house with 3 major insurers, and the same apartment and condo with 5 and 4, in each of the 72 New Mexico ZIP codes in our data, using licensed insurance rate data from Quadrant Information Services, with rates as of Sept. 30, 2026. Each New Mexico figure is the average of the ZIP-code averages, and monthly figures are yearly figures divided by 12. These are sample prices for one example home, renter and condo, not quotes or offers.
Full details
The homes we priced
- Home (HO-3, a standard homeowners policy): Our sample home is a 2,000-square-foot, two-story wood-frame house with a composition roof, built in 1997, insured for $300,000 with $150,000 for belongings, $300,000 liability and a $1,000 deductible for covered losses other than a hurricane. Our home price requests also set a 2% hurricane deductible, the same setting in every state. The owner is 40, single, has good credit and no claims in 10 years.
- Renters (HO-4, a renters policy): Our sample renter lives in an apartment built in 2005 and insures $40,000 of belongings with $300,000 liability and a $1,000 deductible. The renter is 40, single, with good credit and no claims.
- Condo (HO-6, a condo unit-owner policy): Our sample condo is a 2,000-square-foot unit in a building built in 2005, with $60,000 of coverage for the unit, $60,000 for belongings, $300,000 liability and a $1,000 deductible. Same owner profile as the home.
- All three are in protection class 3 (a fire-protection rating), 1,000 feet from a hydrant and 3 miles from a fire station, with the distance to the coast set at 10 miles in every state’s price requests, so differences between ZIP codes come from how each insurer prices that ZIP code.
How the averages work: for each insurer and ZIP code we used its lowest eligible price, averaged the insurers in each ZIP code, then averaged the ZIP codes, so every ZIP code counts the same. Percentages are worked out before rounding, so they can differ slightly from the rounded dollars shown. The price change compares the same insurers in the same ZIP codes on Nov. 30, 2025, and Sept. 30, 2026.
Which insurers we name: we don’t name a lowest-priced insurer when its lead over the next one is more than 30%, or when it was priced in fewer than 90% of a place’s ZIP codes, and we show the average without any insurer priced at more than twice the others. Each section says which insurer, if any, passed these tests for that line. We also never name an insurer that sells only to members, such as USAA (military families only) or an AAA insurer, and when the two lowest are within 5% of each other we call it a near tie.
Sample: Home: 216 sample prices from 3 insurers across 72 ZIP codes in 26 counties. Renters: 360 from 5 insurers. Condo: 288 from 4 insurers. New Mexico here means the 72 New Mexico ZIP codes in our rate data; cities group them by main post-office city.
Insurer notes: we review every note an insurer attaches to a price before publishing.
- Safeco’s home prices in 72 ZIP codes are left out, shown on their own under the home insurer table: our data doesn’t show what that policy covers.
Comparisons: neighboring-state figures use the same method and rates; the 50-states-and-D.C. figure averages each state’s average and D.C.’s.
Sources for local facts: New Mexico Office of Superintendent of Insurance, Office of the Governor of New Mexico, National Association of Insurance Commissioners, FEMA, Insurance Information Institute.
Rates as of Sept. 30, 2026; price changes compare prices as of Nov. 30, 2025.
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- About the Author
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Autumn Cafiero Giusti is a licensed life and health insurance broker and award-winning journalist with more than 20 years of experience. She writes extensively about flood, Medicare, home, and life insurance for publications like U.S. News and CBS News.
