Wildfire risk is pushing up New Mexico insurance rates

All of the smoke and fires each year add up to New Mexico having the 13th highest home insurance rates in the world, a new study by QuoteWizard shows.

The other 12 are all in Tornado Alley or the main part of the storm.

“It is directly related to wildfires [in New Mexico]said Nick VinZant, chief analyst at QuoteWizard, an online insurance comparison platform.