A study shows Carlsbad homeowners pay nearly three times the home insurance rates of residents in other parts of the state.
ValuePenguin has included 32 New Mexico cities in a study, and it has ranked Carlsbad as the one with the highest annual home insurance rate.
Carlsbad’s annual rate sits just over $3,000, nearly $1,400 more than the state average.
Homeowners in southeast New Mexico generally pay more for insurance. Lovington, Clovis, Hobbs, and Artesia round out the top five cities with the highest rates.