In the Urubamba Valley, Peruvian Andes, we evaluated the abundance of insect pests and natural enemies in experimental plots where maize was grown either as monoculture, intercropped with beans, or intercropped with beans plus associated weeds. We also assessed the consequences of the cropping system for maize yield. The main insect pests recorded were Diabrotica spp. (Coleoptera: Chrysomelidae), Carpophilus sp. (Coleoptera: Nitidulidae) and Pagiocerus frontalis (Coleoptera: Scolytidae), and their overall abundance did not differ among crop diversity treatments. However, there was a significant adverse effect of crop diversity on the maximum abundance of both Carpophilus and Pagiocerus. The main beneficial arthropods were Paratriphleps sp. (Hemiptera: Anthocoridae), ladybirds and spiders, and their density did not differ among treatments. Maize yield did not decrease with increasing plant diversity. The reported benefits of intercropping, together with the associated efficiency in land use, make this traditional agricultural practice a valuable alternative to the use of pesticides, particularly for resource-poor Andean farmers.