New Mexico commercial insurance rate filings (2026)
Every commercial-insurance carrier writing business in New Mexico files its loss costs and rating values with the state's insurance regulator — the primary-source records that drive every commercial quote in New Mexico. This page summarizes the 1 active filings we track for New Mexico across 1 line(s) of business and 1 classification(s).
How Workers' Comp rates are set in New Mexico
New Mexico runs a private + state fund Workers' Comp market. Rate filings are reviewed by the New Mexico Office of Superintendent of Insurance. The governing authority is NMSA 1978, Chapter 59A (Insurance Code). You can confirm any New Mexico carrier or agent is licensed with the state's license-lookup tool. We track 1 distinct classification(s) for New Mexico across 1 active filing(s). Workers' Comp loss costs are filed by NCCI in most states or by an independent state rating bureau; your actual premium is that filed loss cost multiplied by your carrier's loss-cost multiplier (LCM), your experience modifier, and your payroll divided by $100 — so two New Mexico businesses in the same classification can pay very different rates. Comparing quotes from multiple carriers is the only way to see how those multipliers differ for your specific operation.
The lines we track are Workers Compensation. The most-recent New Mexico filing we track is effective January 2025. Every row below links to the filing it was taken from so the New Mexico regulator record can be verified.
Workers' Compensation covers medical bills and lost wages for New Mexico employees injured on the job — mandatory in New Mexico once you have staff.
In New Mexico, Commercial General Liability carriers earned about $389M in premiums at a 104.1% loss ratio and a -47.7% underwriting profit (NAIC 2023). In New Mexico, Commercial Multiple Peril carriers earned about $316M in premiums at a 73.2% loss ratio and a -21% underwriting profit (NAIC 2023). In New Mexico, Workers Compensation carriers earned about $312M in premiums at a 35.4% loss ratio and a 30.2% underwriting profit (NAIC 2023). In New Mexico, Commercial Auto carriers earned about $274M in premiums at a 77.7% loss ratio and a -17.8% underwriting profit (NAIC 2023). In New Mexico, Inland Marine carriers earned about $159M in premiums at a 47.2% loss ratio and a 15% underwriting profit (NAIC 2023). In New Mexico, Medical Professional Liability carriers earned about $83M in premiums at a 194.3% loss ratio and a -165.8% underwriting profit (NAIC 2023). In New Mexico, Commercial Property carriers earned about $79M in premiums at a 43.9% loss ratio and a 27.9% underwriting profit (NAIC 2023). In New Mexico, Product Liability carriers earned about $16M in premiums at a 62% loss ratio and a -17.8% underwriting profit (NAIC 2023). These market-level results come from the NAIC Report on Profitability by Line by State — a primary-source view of how each commercial line actually performs in New Mexico, beyond the filed loss costs above.
- New Mexico rate filings are public, primary-source records; every figure here traces to a public rate filing on record with a state regulator or rating bureau.
- Your actual New Mexico premium depends on your class code, carrier loss-cost multiplier, experience modifier, and payroll — the filed loss cost is only the starting point.
Recent rate-filing activity — 1 state filings across 1 commercial line
Commercial carriers can't charge whatever they want — each state's Department of Insurance must approve loss-cost filings before they take effect. These are primary-source, government-held records available on SERFF Filing Access. Cited below: the most-recent active filings affecting commercial operations, each cited to the regulator or bureau filing it came from.
| Line | State | Overall change | Effective | Filing |
|---|---|---|---|---|
| WC | NM | Overall -11.7% advisory loss cost | Jan 1, 2025 | SERFF #NCCI-134235107 |
Source: SERFF Filing Access (filingaccess.serff.com) — the official public-records interface for state Department of Insurance filings. Loss-cost changes shown are the overall bureau-wide change in each state; the actual impact on your quote depends on your class code, payroll, experience modifier, and carrier-specific loss-cost multiplier (LCM). Get a quote for your exact numbers.
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Who writes commercial coverage in New Mexico
65 carrier groups have an active filing footprint across 123 lines of insurance in New Mexico (27,203 filings observed in the state's public SERFF record). Most active by volume: Hartford, Liberty Mutual, Nationwide, Berkley, CNA, AmTrust.
This is carrier appetite / market presence from public SERFF filing activity — a signal of who competes here, not a price or a rate — data the comparison sites cannot legally publish. Your premium depends on your class code, payroll, experience mod, and each carrier's rating.
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Bureau-filed loss-cost changes are the regulator-approved starting point — actual premium depends on your class code, payroll, experience modifier, schedule credits/debits, and the carrier's LCM. Request a free New Mexico quote in under 90 seconds.
Get a free New Mexico quote →Related New Mexico cost pages
New Mexico-specific cost guides for the verticals we cover:
New Mexico insurance profitability by line (2023 NAIC)
How profitable each commercial line runs in New Mexico — loss ratio (incurred losses ÷ premiums earned); lower is more profitable for carriers:
Source: NAIC 2023 Report on Profitability by Line by State · compare every line & state →