New Mexico Auto Insurance Quote
New Mexico Auto Insurance Minimum Requirements
New Mexico law requires a $25,000 minimum auto insurance coverage limit for Bodily Injury Liability per injured individual up to $50,000 per collision, and a minimum Property Damage Liability auto insurance coverage limit of $10,000. This basic New Mexico auto insurance coverage is often defined as 25/50/10 car insurance coverage.
- Bodily Injury Liability: up to $25,000/$50,000 Limit
- Property Damage Liability: up to $10,000 Limit
Additional Car Insurance Coverage in New Mexico to Consider
Keep in mind, these car insurance amounts are just minimum car insurance guidelines for New Mexico. Most car insurance companies in New Mexico recommend you possess additional car insurance protection to further save yourself from extra expenses or law suits.
You can get Underinsured/Uninsured Driver Bodily Injury car insurance protection to cover injury caused by an underinsured and/or uninsured motorist (state policy dependent). New Mexico doesn’t require motorists to buy this car insurance coverage, but consider buying this valuable car insurance coverage for New Mexico.
You won’t be able to register your automobile in New Mexico without securing auto insurance for it. So be sure to purchase at minimum the above required auto insurance amounts before you drive.
Physical damage auto insurance pays for your own damages and losses. It is additionally available in the form of collision or comprehensive auto insurance policies. Again, these auto insurance policies are not required by New Mexico state law, but your leasing company or lender might require you to have them added on to your car insurance policy.
Ways To Get Discounts on Auto Insurance in New Mexico
Some car insurance companies may be willing to offer you New Mexico auto insurance discounts based on the following:
- Past payment history
- Past claim history
- Driving habits
- Multiple car insurance policies
- Keeping your mileage low
- Taking a defensive driving course
- Safety devices installed
- Anti-theft devices installed
The state of New Mexico uses a Tort system, meaning that someone must be found at fault for the accident, and their car insurance company is entirely responsible for the damages. You should be made aware that the minute details of every tort system varies from state to state.