Shopping for New Mexico home insurance quotes just got easier. Fill out one quote form on HomeInsurance.com and our team of licensed agents will compare your policy with the top rated insurance providers in the country. It's the easiest way to know you're getting the best home insurance rates in New Mexico. We are now offering comparative rates on auto insurance too, which could save you even more.
The average New Mexico homeowners insurance rate in December 2011 was $641.00. It appears that rates have increased since November 2011 when average rates in New Mexico were around $614.00. These premiums reflect the annual cost of a standard home policy and do not include flood insurance or earthquake insurance.
Average Premiums for Home Insurance In New Mexico |
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| Dec 2011 | Nov 2011 | Oct 2011 | Sep 2011 | Aug 2011 |
| $641.00 | $614.00 | $584.00 | $582.00 | $574.00 |
Homeowners insurance discounts are one of the best ways to get a low insurance rate while also maintaining great coverage. Since average home insurance rates in New Mexico increased it is important to qualify for all the discounts you can to make sure you aren't overpaying. Packaging your home and auto insurance with one insurance provider can get you savings between 15 and 25 percent. Likewise, you may qualify for additional savings by being claims free or having protection devices (fire and burglar alarms) on your New Mexico home.
Standard New Mexico Home Insurance Coverages
| A | Dwelling: A standard New Mexico homeowners insurance policy should include enough dwelling coverage to pay for the replacement or repair of your home when and if it is damaged in a covered peril |
| B | Other Structures: Other structures such as detached garages or sheds would also be covered under a standard New Mexico home insurance policy |
| C | Contents/Personal Property: A New Mexico home insurance policy will also typically provide coverage for the contents of your home including furniture, electronics, clothing and other personal belongings. |
| D | Loss of Use: If your New Mexico home is damaged in a covered peril, ‘Loss of Use’ coverage pays for alternative accommodations and living expenses while you are unable to live in your home. |
| E | Personal Liability Protection: In New Mexico, your standard homeowners insurance policy will typically provide financial protection in the event of a lawsuit where you have caused damage or bodily harm to another person or their personal property. |
| F | Medical Payments: Medical Payments coverage, or New Mexico MedPay, offers reimbursement for medical bills if someone other than you or a family member is injured on your property and a lawsuit is not involved. |
New Mexico Homeowners Insurance News
- Arizona may see another dangerous wildfire seasonMonday, January 09, 2012
- Some New Mexico residents could be required to buy new flood coverageWednesday, December 08, 2010
Other New Mexico Homeowners Resources:
- Home Insurance Calculator- How much Dwelling Coverage do you need? See average dwelling costs in New Mexico
- Disaster Preparedness Guide- Make sure your home and family is protected.
- Are you qualifying for all available discounts in New Mexico? Check out our list of available home insurance discounts.
Search for home insurance in your New Mexico county:
Customer Reviews in New Mexico
For additional information about specific insurance laws in New Mexico, visit the New Mexico Insurance Division website.

