New Mexico Title Insurance Cost: What an Owner's and Lender's Policy Costs

An owner's title insurance policy on a $378,300 New Mexico home costs about $1,879, and the lender's policy issued with it about $1,691, under the state-set rate schedule. The owner's policy rate is a flat $440 up to $50,000, $5.34 per $1,000 from $50,000 to $100,000, $4.20 per $1,000 from $100,000 to $500,000, $3.29 per $1,000 from $500,000 to $2,000,000, $2.65 per $1,000 from $2,000,000 to $5,000,000, $2.20 per $1,000 from $5,000,000 to $10,000,000, $2.14 per $1,000 from $10,000,000 to $25,000,000, $1.90 per $1,000 from $25,000,000 to $50,000,000, $1.57 per $1,000 above $50,000,000, with a minimum premium of $440 (the price is rounded up to the next $1,000).

New Mexico title insurance by purchase price

Purchase price	Owner's policy	Lender's policy (issued together)	Both policies
$150,000	$917	$825	$1,742
$200,000	$1,127	$1,014	$2,141
$250,000	$1,337	$1,203	$2,540
$300,000	$1,547	$1,392	$2,939
$350,000	$1,757	$1,581	$3,338
$400,000	$1,967	$1,770	$3,737
$450,000	$2,177	$1,959	$4,136
$500,000	$2,387	$2,148	$4,535
$600,000	$2,716	$2,444	$5,160
$700,000	$3,045	$2,741	$5,786
$800,000	$3,374	$3,037	$6,411
$1,000,000	$4,032	$3,629	$7,661

New Mexico is a promulgated-rate state: the insurance regulator sets one title insurance rate that every underwriter must charge, so the premium is the same wherever you close. Schedule shown: New Mexico Office of Superintendent of Insurance (promulgated statewide rate, 13.14.9 NMAC; reproduced here from WFG National Title Insurance Company's published rate card, which every underwriter must charge identically).

New Mexico title insurance calculator

Enter a purchase price to see the owner's and lender's policy premiums from the filed New Mexico rate schedule.

Who pays for the owner's policy

Who pays for the owner's policy in New Mexico is negotiable in the purchase contract. Could not be confirmed from an official or underwriter source within this session's research budget; data/closing/new-mexico.json also left this null rather than guess. New Mexico has no statute assigning the owner's-policy cost, so it is set by local custom and the purchase contract.

When the owner's and lender's policies are issued together at closing, the lender's policy is charged at the reduced simultaneous-issue rate; that is the lender figure used on this page.

Title insurance at the county median price

The rate schedule is statewide; what changes from county to county is the home price. The ten most populous counties are shown; every New Mexico county is in the list below.

County	Median home price	Owner's policy
Bernalillo County	$268,500	$1,417
Chaves County	$141,900	$883
Doña Ana County	$205,400	$1,152
Lea County	$176,000	$1,026
McKinley County	$72,100	$563
Otero County	$149,500	$917
San Juan County	$185,100	$1,068
Sandoval County	$282,300	$1,476
Santa Fe County	$416,900	$2,038
Valencia County	$206,800	$1,156

All 33 New Mexico counties

Title insurance in New Mexico cities

City	Median home price	Owner's policy
Albuquerque	$266,700	$1,408
Las Cruces	$217,400	$1,203
Rio Rancho	$273,300	$1,438
Santa Fe	$411,500	$2,017

What the two policies cover

The owner's policy protects your equity against title defects that predate your purchase: undisclosed liens, forged deeds, missing heirs, recording errors. The lender's policy protects only the mortgage lender for the loan amount and is required by nearly every lender. Premiums are one-time and paid at closing. Because the rate is set by the state, the only way to pay less is to buy a less expensive home; you can still compare settlement and endorsement fees.

Frequently asked questions

How much is title insurance in New Mexico?

On a $378,300 home, the New Mexico median, an owner's title policy costs about $1,879 under the filed rate schedule, and the lender's policy issued with it costs $1,691, so both policies together are about $3,570. The premium rises with the purchase price; the table on this page shows it from $150,000 to $1,000,000.

Who pays for title insurance in New Mexico?

Is title insurance a one-time cost?

Yes. Both the owner's policy and the lender's policy are paid once at closing and cover the property for as long as you (or your lender) hold an interest in it. There are no annual premiums.

Can I shop for title insurance in New Mexico?

The premium itself is set by the state, so every title company charges the same rate; you can still compare the settlement, search and endorsement fees, which are not regulated the same way.

Sources

WFG National Title Insurance Company, 2025 Schedule of New Mexico Basic Premium Rates for Title Insurance, effective July 1, 2025, published under the New Mexico Office of Superintendent of Insurance's promulgated rate order (13.14.9 NMAC)

Rates as filed or promulgated, checked September 22, 2026. Premiums are computed from the schedule above and rounded to the dollar; endorsements, settlement fees and search fees are separate. All sources.

See all New Mexico buyer closing costs →

Premiums are computed from the rate schedule cited above and rounded to the dollar; your title company's quote may add endorsements, search and settlement fees. This is general information, not financial advice.

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