5 Best Inexpensive Tequilas Under $40 that Don’t Taste Bad

4. Olmeca Altos Plata 

Insider Monkey Score: 10

Price: $29

Owned by Pernod Ricard, Olmeca Altos Plata is the most traditional expression of Altos. Recognized for its natural smoothness when sipped, but also for being the Margarita champion, it was voted the #1 Tequila for Margaritas according to the 2023 Drinks International poll of top bartenders around the globe.

Part of Pernod Ricard since 2001, Olmeca brings its vibrant energy to the party in 80 countries around the world.