New Mexico Car Insurance
Your Complete Car Insurance Guide for New Mexico
Full analysis of COMMUTE TIMES , THEFT RATES and INSURANCE COST in your city.
Popular Questions About New Mexico Car Insurance
How much does New Mexico car insurance cost?
The great news for New Mexico drivers is that they pay less than most other drivers around the nation.
The average American driver pays $1,474 per year for auto insurance. But New Mexico car owners pay on average about $1,371 per year. To receive a comprehensive, personalized and affordable auto insurance policy, just talk to a Trusted Choice В® Independent Insurance Agent to compare quotes.
What does New Mexico car insurance actually do for me?
Accidents can happen when you least expect it вЂ” and every time you get behind the wheel, you’re putting yourself at risk. If you find yourself in a fender bender or hit-and-run accident, here’s what your car insurance will do for you .
FIX YOUR CAR
We officially call this “Comprehensive & Collision Coverage.”
FIX SOMEONE ELSE’S CAR
We officially call this “Property Damage Liability.”
REQUIRED | MIN. $10,000
PAY YOUR MEDICAL BILLS
We officially call this “Personal Injury Protection” or “PIP.”
PAY SOMEONE ELSE’S MED BILLS
We officially call this “Bodily Injury Liability.”
REQUIRED | MIN. $50,000
New Mexico requires every driver to have a certain amount of insurance that will pay for someone else’s vehicle damage and medical bills. Most states have similar laws and liability limits to ensure that drivers are prepared for accidents they cause.
Who pays if the accident wasn’t my fault?
The driver who caused the accident, of course.
How many NM drivers are uninsured:
New Mexico has nearly double the number of uninsured drivers as the national average. It’s hard to believe, but many people drive without a financial backup plan for accidents.
That’s where Uninsured Motorist Coverage comes in. If you are hit by one of these underinsured or uninsured drivers, this coverage will pay to fix your vehicle and handle your medical bills. Your insurance company will try to collect compensation from the at-fault driver, but that’s usually a painful and unsuccessful process.
New Mexico does not require you to have uninsured motorist coverage, but considering the overwhelming number of unprotected drivers in the state, it’s something we highly recommend.
Which are the best insurance companies in New Mexico?
An independent insurance agent compares multiple companies to find the best policy for your needs.