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Flood insurance cost · NM

Flood insurance cost in New Mexico

What homeowners with a National Flood Insurance Program policy actually pay, from FEMA's records of 10,999 home policies in force on August 31, 2026.

New MexicoPolicies in force on Aug 31, 2026

Median annual cost of NFIP flood insurance for a home

$1,084a year

Half of insured homes paid between $767 and $1,566. That is about the same as the national median ($1,082). The most common flood zone for insured homes here is zone X (36%).

$0$767 · $1,084 · $1,566$1,958
+6.6% vs Aug 31, 2025 (median $1,017)
10,999home policies in force
$1,395average cost (mean)
64%of insured homes in high-risk zones (A, V)
$222,000median building coverage

This is what policyholders paid, not a quote. Two neighbors can pay very different prices: NFIP prices depend on the building (elevation, foundation, number of floors, replacement cost), the coverage and deductible chosen and the distance to water (FEMA FloodSmart: premium factors). For a price for your building, ask an insurance agent. Private flood insurance is not included in these figures.

Disaster declarations: see FEMA declarations and IRS tax relief in New Mexico, county by county.

Cost by flood zone in New Mexico

The flood zone on FEMA's map is one of the main price factors. Median and middle half of what insured homes paid, by the zone used to rate the policy.

Flood zoneMedianMiddle half (25th–75th percentile)AveragePoliciesvs last year
Zone AE
High risk		$1,088$763–$1,523$1,2532,936 (27%)+4.5%
Zone A
High risk		$1,316$915–$2,013$1,8012,085 (19%)+5.7%
Zone AO
High risk, shallow		$958$758–$1,342$1,1451,124 (10%)+10.2%
Zone AH
High risk, shallow		$968$749–$1,265$1,094930 (8%)+5.7%
Zone X
Moderate to low risk		$1,076$716–$1,550$1,4293,912 (36%)+11.4%
Zone D
Undetermined		$908$706–$1,060$92512 (0%)−7.8%

Not shown (fewer than 10 home policies): VE, A99/AR. Shares are of all insured homes; a few policies have no rated zone. "vs last year" compares medians with policies in force a year earlier.

Cost by type of building

All NFIP policies in force in New Mexico, by what they insure.

Type of buildingPoliciesMedianAverage
Single-family home9,438$1,075$1,374
2–4 unit building204$958$1,223
Manufactured (mobile) home1,304$1,282$1,597
Condo or apartment unit53$609$714
Whole residential building (5+ units or condo association)
One policy covers the whole building, so the cost is much higher than for a single home.		199$2,400$2,539
Non-residential building or unit
Businesses, churches, farm buildings and other non-residential property.		2,135$1,040$1,974
13,333NFIP policies in force, any building
13,481insured units (condo association policies count every unit)
58%of home policies also cover contents
$100,000median contents coverage, when bought

One year on: New Mexico

Policies in force on August 31, 2026 compared with a year earlier. Nationwide, practically all policies in both years carry FEMA's Risk Rating 2.0 occupancy codes, so both years use the same pricing system. The policies are not the same: some were new, some lapsed.

Aug 31, 2025Aug 31, 2026Change
Home policies in force11,16210,999−1.5%
Median annual cost$1,017$1,084+6.6%
Average annual cost$1,305$1,395+6.9%
All policies in force (any building)13,46213,333−1.0%

Flood claims history

Since 1978, NFIP policyholders in New Mexico have filed 1,938 flood claims. 1,146 received a payment, for a total of $41.9 million (an average of $36,529 per paid claim). The year with the most claims was 2024 (296 claims). Amounts are in dollars of the time, not adjusted for inflation.

01002003004001978: 27 claims, 15 paid, $37,434 in total1979: 35 claims, 23 paid, $109,860 in total1980: 45 claims, 18 paid, $74,673 in total19801981: 22 claims, 17 paid, $34,485 in total1982: 10 claims1984: 35 claims, 21 paid, $69,483 in total1985: 18 claims1986: 14 claims1987: 11 claims1988: 54 claims, 33 paid, $101,913 in total1990: 18 claims, 11 paid, $37,281 in total19901991: 13 claims1992: 83 claims, 57 paid, $559,847 in total1994: 14 claims1995: 26 claims, 17 paid, $84,522 in total1996: 28 claims, 14 paid, $52,475 in total1997: 11 claims1999: 34 claims, 23 paid, $267,058 in total2000: 29 claims20002001: 16 claims2002: 25 claims, 14 paid, $136,751 in total2004: 49 claims, 23 paid, $220,479 in total2005: 31 claims, 23 paid, $414,725 in total2006: 193 claims, 137 paid, $5,231,420 in total20062007: 22 claims, 11 paid, $107,979 in total2008: 85 claims, 60 paid, $2,320,022 in total2009: 20 claims2010: 42 claims, 21 paid, $660,148 in total20102011: 15 claims2012: 16 claims2013: 98 claims, 52 paid, $1,870,846 in total2014: 58 claims, 32 paid, $956,223 in total2015: 36 claims, 22 paid, $417,472 in total2016: 30 claims, 14 paid, $253,686 in total2017: 41 claims, 18 paid, $391,416 in total2018: 25 claims, 12 paid, $742,342 in total2019: 17 claims20202021: 58 claims, 37 paid, $850,508 in total2022: 22 claims, 12 paid, $276,503 in total2023: 14 claims2024: 296 claims, 190 paid, $15,924,265 in total20242025: 159 claims, 118 paid, $8,730,325 in total20252026: 11 claims
Flood claims per year of loss, 1978–2026. Years with fewer than 10 claims are left blank. Hover a bar for details.
All years with at least 10 claims (43)

Swipe the table sideways to see all columns.

Year of lossClaimsPaid claimsTotal paidAverage per paid claim
202611<10––
2025159118$8,730,325$73,986
2024296190$15,924,265$83,812
202314<10––
20222212$276,503$23,042
20215837$850,508$22,987
201917<10––
20182512$742,342$61,862
20174118$391,416$21,745
20163014$253,686$18,120
20153622$417,472$18,976
20145832$956,223$29,882
20139852$1,870,846$35,978
201216<10––
201115<10––
20104221$660,148$31,436
200920<10––
20088560$2,320,022$38,667
20072211$107,979$9,816
2006193137$5,231,420$38,186
20053123$414,725$18,032
20044923$220,479$9,586
20022514$136,751$9,768
200116<10––
200029<10––
19993423$267,058$11,611
199711<10––
19962814$52,475$3,748
19952617$84,522$4,972
199414<10––
19928357$559,847$9,822
199113<10––
19901811$37,281$3,389
19885433$101,913$3,088
198711<10––
198614<10––
198518<10––
19843521$69,483$3,309
198210<10––
19812217$34,485$2,029
19804518$74,673$4,148
19793523$109,860$4,777
19782715$37,434$2,496

From 2016 to 2026: 673 claims (counting only years with at least 10). 2026 is a partial year. Claims are counted where the insured property is; they include buildings and contents, homes and businesses.

Counties in New Mexico

Counties with at least 100 NFIP home policies in force have their own page.

Other counties (fewer policies, no separate page)
CountyHome policiesMedian
Cibola County61$924
Colfax County21$1,258
Grant County41$1,212
Los Alamos County18$656
Luna County23$1,132
McKinley County35$768
Sierra County27$1,796
Taos County96$1,240

ZIP codes with the most insured homes