New Mexico Commercial Auto Insurance Profitability (2023)

In 2023, Commercial Auto insurers earned $274.2M in premiums in New Mexico and ran a 77.7% loss ratio — the 9th-highest of 51 states (one of the highest loss ratio for the line).

Source: NAIC 2023 Report on Profitability by Line by State. Loss ratio = incurred losses ÷ premiums earned.

New Mexico loss ratio

77.7%

3.3% above national

Premiums earned

$274.2M

Underwriting profit

-17.8%

Nationally, Commercial Auto ran a 74.4% loss ratio in 2023, so New Mexico is above the national average. See how every state compares on the Commercial Auto market page.

Getting Commercial Auto coverage in New Mexico

See recent New Mexico rate filings on the New Mexico rate page, learn how Commercial Auto works in our Commercial Auto guide, then compare real quotes for your business.

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Data: NAIC 2023 Report on Profitability by Line by State (public). See our data methodology. Figures are industry aggregates, not a quote.