Updated: December 24, 2024
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In Las Cruces, New Mexico, Protective is the best life insurance provider for both men and women, with a MoneyGeek score of 91 and average monthly premiums of $28 for women and $34 for men. This is based on a 20-year term policy with $500,000 coverage.
Different factors should be considered when choosing the type of life insurance. Your unique needs may mean a different company is best for you.
Why Trust MoneyGeek? We analyzed 1,488 life insurance quotes alongside customer satisfaction, financial stability reports, product offerings and more to determine the best life insurance companies in Las Cruces, New Mexico.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceLas Cruces, NMBest Life Insurance Companies in Las Cruces
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the overall best life insurance companies:
This was done using the average profile with a 20-year term policy and $500K coverage.
In Las Cruces, the best life insurance provider for men and women is Protective, with a MoneyGeek score of 91 out of 100 and a monthly premium of $34 for men and $28 for women.
Top providers for men:
Top providers for women:
Protective is a great option for the average individual looking to purchase life insurance in Las Cruces.
Protective is the premier choice for life insurance, receiving a MoneyGeek score of 91 for men and women. Men may expect a monthly premium of $34, while women are quoted $28.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies:
Quotes gathered were for a $250K life insurance policy with a 10-year term.
Protective offers the best term life insurance in Las Cruces, with a MoneyGeek score of 66 for both men and women. On average, its monthly premiums are $17 for men and $15 for women.
The top two term life insurance companies for men are:
For women, the top two are:
Term life insurance provides coverage for a specific term, typically ranging from 10 to 30 years. It's ideal for those who want to protect their loved ones during critical years, such as while paying off a mortgage or funding children's education.
Protective, with a MoneyGeek score of 66, is an affordable choice for term life insurance in Las Cruces for men and women. Men can secure coverage at an average monthly premium of $17, while it's $15 for women.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best whole life insurance companies:
We did not weigh affordability as we did not collect whole life insurance quotes. The company below has the highest score among the companies that offer whole life insurance policies based on a 20-year term at $500K coverage.
Protective is the best whole life insurance provider in Las Cruces for both men and women, with a MoneyGeek score of 66.
Top MoneyGeek scores for whole life insurance in Las Cruces:
Whole life insurance is a permanent policy that provides a death benefit and can accumulate cash value over time. It's a sound choice for those who require consistent premiums with lifelong coverage. Parents may choose whole life insurance to ensure their family is financially secure even when they pass away.
Protective provides well-rounded whole life insurance in Las Cruces for men and women, boasting a MoneyGeek score of 66. Its balanced offerings cater to its clients' diverse needs.
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Ensure you're getting the best rate for your life insurance. Compare quotes from top providers to find the most affordable life insurance coverage for your needs.
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best universal life insurance companies:
We did not weigh affordability as we did not collect universal life insurance quotes. The company below has the highest score among the companies that offer universal life insurance policies, over a 10-year term for $250K coverage.
Protective is the best universal life insurance in Las Cruces. Its MoneyGeek score of 91 for both men and women assures satisfaction and financial stability in insurance products.
The top scores in Las Cruces are:
Universal life insurance is a flexible policy that combines life coverage with investment savings. Someone might choose universal life insurance over other types because it can accumulate cash value over time, which they can borrow against if needed.
Protective is the leading provider of universal life insurance for men and women, with a MoneyGeek score of 91.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best life insurance companies that don't require a medical exam:
We did not weigh affordability as we did not collect any insurance quotes for this category. The company below has the highest score among the companies that offer life insurance policies without mandatory medical exams, for a 10-year term with $250K coverage if the insuree was in poor health.
With a MoneyGeek score of 91, Protective is the best no-medical-exam life insurance provider for both men and women in Las Cruces.
Best no-medical-exam life insurance companies:
Life insurance without a required medical exam is a convenient option for those who need coverage quickly or have health issues that could make traditional insurance costly or difficult to obtain. For example, someone with a chronic condition might choose it to avoid the risk of being denied coverage or facing high premiums due to their health status.
Men and women in Las Cruces who need life insurance without a mandatory medical examination can rely on Protective. Thanks to its quality service and reliable coverage, it received an impressive MoneyGeek score of 91.
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How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for seniors:
We derived quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer's age to 70.
In Las Cruces, Protective is the top provider of the best term life insurance for seniors, scoring 60 for women and 64 for men. The average monthly premiums are $70 for women and $73 for men.
The cost of life insurance premiums typically increases as policyholders age, reflecting the high risk of insuring older individuals. Protective's strong balance of affordability, customer satisfaction and financial stability make it a reliable choice for seniors who need value and peace of mind.
| 1 | Mutual of Omaha | $73 | 91 |
| 2 | Protective | $80 | 91 |
| 3 | Nationwide | $60 | 90 |
| 4 | AAA | $78 | 89 |
| 5 | Transamerica | $57 | 88 |
| 6 | Allstate | $68 | 88 |
| 7 | Prudential | $64 | 87 |
| 8 | State Farm | $110 | 86 |
| 9 | Haven | $171 | 82 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for people who smoke:
We collected quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer to reflect an active smoker.
Mutual of Omaha is the best term life insurance for smokers in Las Cruces, boasting a MoneyGeek score of 90 for men and 89 for women.
Smoking influences life insurance premiums due to the health risks it poses, including higher chances of developing serious illnesses. Smokers in Las Cruces can count on Mutual of Omaha for reliable life insurance.
| 1 | Mutual of Omaha | $44 | 90 |
| 2 | Nationwide | $42 | 89 |
| 3 | AAA | $45 | 88 |
| 4 | Transamerica | $38 | 88 |
| 5 | Prudential | $34 | 88 |
| 6 | Protective | $68 | 87 |
| 7 | State Farm | $58 | 86 |
| 8 | Allstate | $65 | 84 |
| 9 | Haven | $78 | 82 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for young adults:
We collected quotes using a $250K life insurance policy with a 10-year term for a 20-year-old buyer.
The best term life insurance for young adults in Las Cruces is offered by Protective, with a MoneyGeek score of 92 and a monthly premium of $9 for women and $10 for men.
Age is crucial in determining life insurance premiums. Younger individuals typically benefit from lower rates due to their lower risk of health issues. Choosing a company with a high MoneyGeek score ensures they get the best value and coverage for their needs.
| 1 | Protective | $10 | 92 |
| 2 | Mutual of Omaha | $13 | 91 |
| 3 | Nationwide | $12 | 90 |
| 4 | Allstate | $10 | 89 |
| 5 | AAA | $14 | 88 |
| 6 | Transamerica | $11 | 88 |
| 7 | State Farm | $21 | 85 |
| 8 | Prudential | $16 | 85 |
| 9 | Haven | $16 | 84 |
| 10 | Bestow | $23 | 83 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best cheap term life insurance companies:
We adjusted the weighting to favor affordability for a $250K life insurance policy with a 10-year term.
The best cheap term life insurance in Las Cruces is Protective, with a MoneyGeek score of 92 for men and 91 for women. It offers exceptional value with average monthly premiums of $17 for men and $15 for women.
Several factors, including age, health, coverage amount and term length influence life insurance premiums. For instance, younger individuals and those in excellent health typically pay lower premiums. Choosing a shorter term length and lower coverage amount can also reduce costs.
| 1 | Protective | $17 | 92 |
| 2 | Nationwide | $18 | 92 |
| 3 | Allstate | $17 | 91 |
| 4 | Transamerica | $16 | 91 |
| 5 | Mutual of Omaha | $19 | 90 |
| 6 | AAA | $21 | 88 |
| 7 | Prudential | $23 | 86 |
| 8 | Haven | $29 | 83 |
| 9 | State Farm | $32 | 82 |
The average cost of term life insurance in Las Cruces is $25 per month for women and $31 per month for men.
Many factors affect life insurance premiums, including age, health, lifestyle and the amount of coverage chosen. The cost of life insurance in Las Cruces might differ from the rest of New Mexico due to local health statistics, economic conditions and regional insurance regulations.
Understanding these factors can help you make informed decisions when purchasing life insurance.
Protective offers the best life insurance for men in Las Cruces with a MoneyGeek score of 91.
The average monthly premium cost for the best life insurance for men in Las Cruces is $34, provided by Protective. This cost is based on a 20-year term for individuals aged 31-40 in excellent health.
Protective offers the best life insurance for women in Las Cruces with a MoneyGeek score of 91.
The average monthly premium for the best life insurance for women in Las Cruces is $28, provided by Protective. This cost is based on a 20-year term for individuals aged 31-40 in excellent health.
Life insurance rates and availability in Las Cruces may differ from those in other parts of New Mexico. For instance, Protective offers competitive rates and high MoneyGeek scores in Las Cruces, which may not be the case in other cities. Local market conditions and demographics can influence these differences.
If a life insurance company goes bankrupt in Las Cruces, state guaranty associations typically step in to protect policyholders. These associations can cover claims up to certain limits, ensuring that policyholders are not left without coverage. It's important to check the specifics with the New Mexico Life and Health Insurance Guaranty Association.
Las Cruces residents might need life insurance to provide financial security for their families in case of unexpected death. This can help cover expenses such as mortgage payments, college tuition and daily living costs. Life insurance can also be a tool for estate planning and ensuring that dependents are taken care of.
To find a lost life insurance policy in Las Cruces, check through personal records and contact the deceased's financial advisors or employers. You can also reach out to the New Mexico Office of Superintendent of Insurance for assistance or use online search tools provided by the National Association of Insurance Commissioners.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
