How much does the New Mexico insurance exam cost?

PSI's bulletin (dated June 2026) lists a $75 exam fee. It is non-refundable and valid for one year from the date of payment.

Does New Mexico require pre-licensing education?

No. PSI's bulletin says OSI does not specify a study manual and that you are not required to take a pre-licensing study course.

How many times can I take the New Mexico exam?

Up to four attempts per line of authority. After the fourth unsuccessful attempt, you enter a six-month waiting period before you can retake it.

Can I take the New Mexico exam online?

Yes. PSI offers both test-center and online proctored exams for New Mexico; you choose when you schedule.

How to Get Your New Mexico Insurance License: Step-by-Step Guide

New Mexico producers are licensed by the Office of Superintendent of Insurance (OSI). OSI's exam vendor is PSI, which offers both test-center and online proctored exams.

Quick answer: New Mexico's PSI exam costs $75 per line of authority and you need 70% to pass. There is no required pre-licensing course. You get four attempts per line before a six-month waiting period. Once you pass, apply through NIPR within one year.

Step 1: Confirm you're eligible

New Mexico requires resident applicants to submit fingerprints electronically for a state (Department of Public Safety) and FBI background check, and OSI doesn't issue a license until the results arrive. Moving from another state? A new resident with an equivalent active license can request an exam waiver if they apply within 90 days of becoming a New Mexico resident. See OSI's individuals and agencies page.

Step 2: Prepare for the exam

PSI's bulletin states that OSI doesn't specify an official study manual and that you aren't required to take a pre-licensing study course. PSI notes the content outlines were updated effective July 1, 2026, so make sure your materials match the current outline. A course built on the New Mexico outline is the quickest way to cover the general and state-law material. See the New Mexico courses →

Step 3: Register and pass the exam

Register at PSI's New Mexico page or by phone at 855-560-3714, choosing a test center or online proctoring. PSI's June 2026 bulletin lists a $75 exam fee, which is non-refundable and valid for one year from payment. Candidates need 70% correct to pass. You may attempt an exam for a line up to four times; after the fourth unsuccessful attempt, there is a six-month waiting period (NMSA 59A-11-6(E)).

Step 4: Get fingerprinted and apply

New Mexico's Department of Public Safety uses IdentoGo (Idemia) for fingerprints, and you must register with them before your appointment — OSI's licensing instructions explain the steps. Allow at least 48 hours after passing for your result to reach NIPR, then apply online at NIPR. PSI's bulletin says all application materials and the non-refundable license fee must be received within one year after you pass.

What it actually costs

Item	Cost
PSI exam (per line of authority)	$75
New producer license (OSI 2026 fee sheet)	$30 (confirm with OSI; fees change)
Fingerprinting (IdentoGo)	set by the vendor
Pre-licensing course	not required

Keeping your license

New Mexico producers complete 24 credit hours of continuing education every two years, including 3 hours of ethics, with no carryover of excess hours (13.4.7 NMAC). OSI's 2026 fee sheet lists $60 for a producer renewal submitted before expiration; renewals can be submitted up to 90 days before the license expires.

Putting it together

Study to the New Mexico outline, pass the PSI exam within your four attempts, get fingerprinted, and apply through NIPR within a year.

Ready to start your New Mexico license?

Start the New Mexico Property & Casualty course → — built around the New Mexico exam outline, with timed practice exams and a state-law section.

Start the New Mexico Life Only course → — the same approach for the life exam.

Both are one flat price per license line: pay once, keep lifetime access, no subscription, and backed by our Pass Guarantee. Not sure which line to pick? Compare everything on the New Mexico page, or book a 1-on-1 tutoring session and we'll help you choose and build a study plan.