Home insurance cost in New Mexico
About $2,800 a year, or $233 a month, for $400,000 of dwelling coverage, per NerdWallet's 2026 rates. The U.S. average is $2,490.
Home insurance cost
$2,800
a year
A month
$233
Rank
28 of 51
1 = cheapest; +12% vs U.S.
| State | Home insurance cost | Rank |
|---|---|---|
| Michigan | $2,415 | 26 |
| West Virginia | $2,465 | 27 |
| New Mexico | $2,800 | 28 |
| Florida | $2,845 | 29 |
| Indiana | $2,985 | 30 |
| U.S. | $2,490 | - |
Common questions
How much is homeowners insurance in New Mexico?
About $2,800 a year, or $233 a month, for $400,000 of dwelling coverage, per NerdWallet's 2026 rates. The U.S. average is $2,490.
Is home insurance in New Mexico expensive?
New Mexico ranks 28 of 51 (1 = cheapest). Your price depends on the home's rebuild cost, location, claims history, credit and deductible.
Add insurance and taxes to a full payment with the mortgage calculator.
More for New Mexico: monthly budget · take-home pay · rent.