Application Fee
See agencyVerified by NM Board of Business
Insurance Sales Agent Licensing in New Mexico
Review current requirements, exam details, renewal cycle, and salary outlook for insurance sales agent in New Mexico, including See agency and board contact links.
Last verified: Feb 12, 2026
Exam Requirement
State exam requiredRenewal Cycle
See board renewal rulesLicensing Blueprint for Insurance Sales Agent in New Mexico
Estimated timeline: 6-24 monthsCore Requirements
- License Type: Stand-alone license
- Education: Varies by state board
- Examination: State exam required
- Application Fee: See agency
- Experience: No experience required
- Background Check: Background check required
Application Snapshot
- Licensing Authority
New Mexico Regulation & Licensing Department • Construction Industries Division
- Current Filing Fee
See agency
- Renewal Cycle
See board renewal rules
- Salary Position
$46,990 median (22% below national)
- State Salary Rank
#47 of 50 states
Step-by-Step Process (4)
- 1. Meet baseline eligibility requirements.
- 2. Complete approved education/training requirements.
- 3. Pass required exam(s) and submit application.
- 4. Maintain and renew license according to board rules.
Salary Insights in New Mexico
With a median salary of 46,990, Insurance Sales Agents in New Mexico earn 22% below the national median of $60,370. New Mexico ranks #47 among 50 states. The typical licensing timeline is 6-24 months.
Median annual salary
$46,990Hourly estimate
$22.5922% below national median
Difference: -$13,380
Percentile Distribution
Annual compensationInsurance Sales Agent Salary Ranking
#47 of 50 statesfor Insurance Sales Agent median salary
| Rank | State | Median Salary |
|---|---|---|
| #1 | Minnesota | 78,650 |
| #2 | New Jersey | 78,080 |
| #3 | Massachusetts | 77,660 |
| #4 | Connecticut | 77,090 |
| #5 | New York | 75,860 |
Nearby States Comparison
Insurance Sales Agent licensing across the region| State | Median Salary | Education | Exam | Timeline |
|---|---|---|---|---|
| New Mexico | $46,990 | Varies by state board | State exam required | 6-24 months |
| Colorado | $61,020 | Degree required | Third-party exam required | 6-24 months |
| Oklahoma | $45,550 | No educational requirements | State exam required | 6-24 months |
| Texas | $47,530 | No educational requirements | Third-party exam required | 6-24 months |
| Arizona | $59,400 | Varies by state board | State-approved exam | 6-24 months |
| Utah | $52,440 | Varies by state board | State-approved exam | 6-24 months |
License by Endorsement
Transfer requirements are state-specific. Use this quick matrix as a planning signal, then verify final endorsement rules with each board.
| State | Reciprocity Score | Tier | Notes |
|---|---|---|---|
| New Mexico | 54 | Low | State-specific exam conditions may apply. Documented experience may be required. |
| Colorado | 50 | Low | State-specific exam conditions may apply. Documented experience may be required. |
| Oklahoma | 58 | Medium | State-specific exam conditions may apply. Background check or criminal history review is indicated. |
| Texas | 50 | Low | State-specific exam conditions may apply. Documented experience may be required. |
| Arizona | 78 | High | Board-specific review required. |
| Utah | 78 | High | Board-specific review required. |
- License status indicator: Active.
- Reciprocity and transfer rules vary by state board. Verify directly with the agency.
Official Licensing Agency
New Mexico Regulation & Licensing Department • Construction Industries Division
2550 Cerrillos Road, Third Floor, P.O. Box 25101, Santa Fe, NM, 87505
Phone: 5054764500
Related Careers in New Mexico
| Profession | Median Salary | Education | Timeline |
|---|---|---|---|
| Architect | $77,070 | Specific course required | 6-24 months |
| Certified Public Accountant | $77,420 | Degree required | 6-24 months |
| Civil Engineer | $104,600 | Degree required | 6-24 months |
| Financial Advisor | $77,710 | Varies by state board | 6-24 months |
FAQ
How long does it take to become a Insurance Sales Agent in New Mexico?
Most applicants finish the licensing path in about 6-24 months, but timing can change based on education track, exam scheduling, and board processing.
What exams are required for Insurance Sales Agents in New Mexico?
New Mexico lists State exam required as part of the licensure process for Insurance Sales Agents.
What is the typical Insurance Sales Agent salary in New Mexico?
The median annual salary for Insurance Sales Agents in New Mexico is 46,990. Salaries range from $34,870 (10th percentile) to $147,820 (90th percentile).
How does the Insurance Sales Agent salary in New Mexico compare to the national average?
Insurance Sales Agents in New Mexico earn 22% below the national median of $60,370, with a state median of 46,990.
How many Insurance Sales Agents work in New Mexico?
New Mexico employs approximately 1,930 Insurance Sales Agents according to BLS data.
Can I transfer my Insurance Sales Agent license to New Mexico from another state?
Transfer requirements vary by board. License status indicator: Active. Reciprocity and transfer rules vary by state board. Verify directly with the agency.
Who is the licensing agency for Insurance Sales Agents in New Mexico?
The licensing agency is New Mexico Regulation & Licensing Department / Construction Industries Division. Review agency details at https://www.rld.nm.gov/construction-industries/find-a-bureau/bureaus/.