Cheapest and Best Non-Owner Car Insurance in New Mexico (2024)

Non-owner car insurance is a type of insurance that provides coverage for drivers who do not own a car. It covers third-party property damage or injuries that you may cause while driving someone else's car. In many states, having non-owner car insurance can help you to reinstate your driver's license after a DUI or other serious violation.

In New Mexico, MoneyGeek found that State Farm offers the cheapest rates overall, both for clean records and those with at-fault accidents. For those looking for a combination of affordability and service quality, State Farm is also the top-rated provider.

The cheapest non-owners car insurance in New Mexico is offered by the following insurers:

• Drivers with clean records: State Farm ($27 per month)
• Drivers with an at-fault accident: State Farm ($31 per month)

There is a $4 monthly price difference between the cheapest insurer for a driver with a violation and the cheapest insurer for someone with a clean driving history.

For New Mexico residents with clean driving histories, the cheapest non-owner auto insurance plans are offered by:

• State Farm: $27 per month
• GEICO: $35 per month

USAA is also a cheap option for non-owner car insurance in New Mexico, with rates averaging $29 per month. However, its policies are only available to veterans, active military personnel and their families.

The most affordable policies in New Mexico cost $27 per month on average, which is much lower than the national average of $43 per month.

Drivers with violations in New Mexico can get low-cost SR-22 coverage from:

• State Farm: $31 per month
• GEICO: $48 per month

Military personnel in New Mexico with driving offenses on their record can also get affordable SR-22 insurance from USAA, priced at around $45 per month.

If you have a driving offense such as a DUI or at-fault accident on your record, you may be required to file an SR-22, which can result in increased insurance costs. The cheapest non-owner SR-22 insurance in New Mexico costs around $31 per month, which is $28 cheaper than the national average of $59.

Non-owner auto insurance in New Mexico provides coverage for property damage and bodily injury to others in an at-fault accident. It does not provide coverage for injuries or damages to you or the car you're driving. Non-owner car insurance can also help you avoid a gap in coverage if you're between cars. The following table highlights the differences between non-owner car insurance and a full coverage policy.

The average monthly cost of non-owner car insurance in New Mexico is $43, which is the same as the national average. Keep in mind that factors such as your age, make and model of your car and driving history have a greater impact on car insurance premiums than your location.

Based on MoneyGeek's analysis, the top companies in New Mexico for non-owner car insurance are:

• State Farm: MoneyGeek score 77 out of 100 ($27 per month)
• GEICO: MoneyGeek score 65 out of 100 ($35 per month)
• Farmers: MoneyGeek score 49 out of 100 ($49 per month)

MoneyGeek evaluates car insurance providers based on various factors, including J.D. Power customer satisfaction ratings, AM Best financial stability ratings and affordability. Our summaries of these top companies can help you choose the best fit for your needs.

If you frequently drive cars that you don't own or need to reinstate your driver's license in New Mexico, you may consider getting non-owner car insurance. If you fit any of the following profiles, a non-owner car insurance policy may be the right choice for you.

Below, you'll find answers to commonly asked questions regarding New Mexico non-owner car insurance to help you find the best coverage for your needs.