New Mexico · Home Insurance
New Mexico Home Insurance Guide
Average premiums, state minimum requirements, and a personalized calculator for New Mexico home insurance.
State Avg Annual
$1,404
Regional Risk Factor
×1.08
State Code
NM
Estimated Premium
$4,258/ year
$355 per month · $280k dwelling
State base premium$3,429
Property value factor×1.17
Square footage factor×1.11
Coverage tier×1.00
Regional risk×1.18
About home insurance in New Mexico
The average homeowner in New Mexico pays $1,404 per year for home insurance. Regional risk factor: ×1.08 relative to the national average.