$2,207
New Mexico county average (2024)
27 of 33
Counties with data
$3,418
Highest: Union
$1,418
Lowest: San Juan
New Mexico counties by home insurance cost
All 27 natively covered New Mexico counties, most expensive first (Escrow 2024). Click a column header to re-sort. “% of home value” is the annual premium divided by the county median home value.
| 1 | Union | $3,418 | +62% | 2.82% |
| 2 | Roosevelt | $3,304 | +57% | 2.24% |
| 3 | Lea | $3,097 | +47% | 1.53% |
| 4 | Eddy | $2,944 | +40% | 1.16% |
| 5 | Curry | $2,942 | +40% | 1.81% |
| 6 | Colfax | $2,724 | +29% | 1.08% |
| 7 | San Miguel | $2,575 | +22% | 0.99% |
| 8 | Chaves | $2,560 | +22% | 1.49% |
| 9 | Lincoln | $2,477 | +18% | 0.74% |
| 10 | Rio Arriba | $2,366 | +12% | 0.68% |
| 11 | Los Alamos | $2,202 | +5% | 0.37% |
| 12 | Taos | $2,127 | +1% | 0.48% |
| 13 | Valencia | $2,113 | 0% | 0.66% |
| 14 | Quay | $2,105 | 0% | 2.00% |
| 15 | Santa Fe | $2,056 | -2% | 0.37% |
| 16 | Otero | $1,985 | -6% | 0.85% |
| 17 | Torrance | $1,983 | -6% | 0.85% |
| 18 | McKinley | $1,873 | -11% | 0.84% |
| 19 | Socorro | $1,836 | -13% | 0.92% |
| 20 | Luna | $1,698 | -19% | 1.07% |
| 21 | Cibola | $1,698 | -19% | 1.07% |
| 22 | Bernalillo | $1,651 | -22% | 0.47% |
| 23 | Sandoval | $1,649 | -22% | 0.43% |
| 24 | Sierra | $1,635 | -22% | 0.90% |
| 25 | Doña Ana | $1,587 | -25% | 0.55% |
| 26 | Grant | $1,554 | -26% | 0.86% |
| 27 | San Juan | $1,418 | -33% | 0.51% |
Free to reuse with attribution (CC BY 4.0).
Methodology
Each county figure is the median annual homeowners insurance payment for owner-occupied homes with a mortgage escrow account, from data compiled by Benjamin Keys and Philip Mulder in NBER Working Paper 32579 (premiums through 2024). The New Mexico average is a simple mean of the covered counties.
Escrow data reflects mortgaged, owner-occupied homes, so a few counties can be absent, and we publish only counties with a natively measured value. For the full methodology and the national picture, see the national home insurance by county report.
Cite or reuse this data
This dataset is offered under a Creative Commons Attribution 4.0 license (CC BY 4.0). Journalists and researchers are free to reuse the tables and the CSV in stories, charts, and reports, including commercially, as long as HearthMap is credited with a link. See the license page and the press kit.
Suggested citation
HearthMap, "Homeowners Insurance Costs by County in New Mexico (2024)," https://hearthmap.app/home-insurance-by-county/new-mexico. Based on Keys and Mulder, NBER Working Paper 32579.
Home insurance in New Mexico: frequently asked questions
- What is the average cost of homeowners insurance in New Mexico?
- The average homeowners insurance premium in New Mexico was $2,207 per year in 2024, a simple mean across the 27 counties with mortgage-escrow data (Keys-Mulder, NBER Working Paper 32579).
- Which New Mexico county has the cheapest home insurance?
- San Juan had the lowest average homeowners insurance premium in New Mexico at $1,418 per year in 2024.
- Which New Mexico county has the most expensive home insurance?
- Union had the highest average homeowners insurance premium in New Mexico at $3,418 per year in 2024.
- How many New Mexico counties are in this dataset?
- 27 of 33 New Mexico counties have a natively measured premium from mortgage-escrow data. Counties without enough escrowed mortgages are not shown.
Related
- Cheapest counties for home insurance in New Mexico
- Home insurance by county, nationwide
- Interactive map of homeowners insurance cost
- New Mexico cost of living, schools & demographics
Home insurance by county in other states:
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