Pet Insurance in New Mexico: Compare the Best Pet Insurance Companies and Most Affordable Quotes

Finding the best pet insurance companies in New Mexico can be challenging if you’re not familiar with the different options available and how they measure up against each other. Fortunately, we’ve done the research to help you make an informed decision about which companies offer the best coverage in terms of cost and policy features.

We collected data on pet insurance quotes in New Mexico's top cities, including Albuquerque, Las Cruces and Rio Rancho, in order to help you find the most affordable policy that meets your budget and your pet’s needs.

MoneyGeek researched thousands of quotations in New Mexico, including policy and coverage details, to discover the best pet insurance carriers in the state. We selected the best pet insurance companies based on affordability and product offerings.

Pet insurance costs will vary depending on your pet’s breed and age, the coverage you select and even where you live. Shopping around for quotes from several companies before making a decision will give you the confidence you need that you're purchasing the best pet insurance.

Several factors impact the cost of pet insurance in New Mexico, including the level of coverage you choose, your pet's breed and age, and even your zip code. On average, dog insurance costs $27.22 per month for $5,000 in coverage per year, $48.39 per month for a $10,000 coverage limit and $47.58 per month for unlimited coverage. Cats are typically less expensive to insure. On average, cat insurance typically costs $14.90 per month for a $5,000 coverage limit, $24.35 per month for a $10,000 coverage limit and $32.23 per month for unlimited coverage.

Pet insurance plans differ from one provider to the next. MoneyGeek wants to help New Mexico pet owners understand the standard options that most insurers provide. Here are a few examples:

• Annual reimbursement limits: range from $3,000 to unlimited
• Deductible: $250 to $500, but companies often have higher or lower options
• Bill reimbursement percentage: typically 70-90%

To minimize their monthly expenses or because they do not believe they need as much insurance coverage for their furry friend, some New Mexico pet owners may choose to purchase less costly policies with lower levels of coverage. Others may prefer high coverage levels to protect themselves financially. This kind of insurance is quite a bit more expensive, and the average pet owner may not want "unlimited" protection, but it does ensure the highest level of protection and peace of mind. MoneyGeek generally recommends that pet insurance buyers in New Mexico choose the average coverage amount given in the table below.

To save money on pet insurance, consider choosing a low annual maximum coverage, a high deductible and a low minimal reimbursement. The following are New Mexico pet insurance plans with maximum coverage limits of $5,000, $500 deductibles and reimbursement rates of 80%.

When it comes to the cost of your pet's insurance, where you live is just as crucial as your pet's age and breed. This is because medical treatment may be more expensive where you reside.

The cost of living is higher in some New Mexico cities than others, which raises the cost of veterinary care and insurance premiums. Further, certain cities may be riskier for your pets due to adverse weather, traffic congestion or other circumstances. As a result, your insurance premiums may be higher. Of course, the insurance plan itself and the level of coverage you choose will also affect the amount you pay for pet insurance.

Several factors impact the cost of pet insurance in New Mexico, such as the pet's breed and age, policy specifics and where you live. Most New Mexico insurers enable you to customize your coverage to what works best for you and your furry friend.

MoneyGeek believes that data helps us make better financial decisions. For pet insurance, our data team collected thousands of pet insurance quotes across the 13 largest providers to ensure you find the most affordable policy to meet your budget and your pet's needs.

To determine the best pet insurance companies in New Mexico, MoneyGeek analyzed each company’s product offerings and costs. For the MoneyGeek rating score, we weighted affordability by coverage level at 50% and our 24 qualitative research policy option data points at 50%.

To determine the cheapest pet insurance companies in New Mexico and to determine our affordability scores for our best rankings, MoneyGeek gathered quotes by company across many zip codes in the state for four pet types with the following coverage levels:

• Low Coverage: $5,000 Coverage, $500 Deductible, 80% reimbursement
• Average Coverage: $10,000 Coverage, $250 Deductible, 80% reimbursement
• High Coverage: Unlimited Coverage, $250 Deductible, 90% reimbursement