Car Insurance in New Mexico

Compare Auto Insurance in New Mexico

New Mexico Auto Insurance Minimums

  • $20,000 bodily injury for one person
  • $50,000 per accident
  • $10,000 property damage
  • Click here for more auto insurance minimums in New Mexico.

New Mexico DUI Laws

  • DUI is considered a BAC of 0.08%.
  • Enhanced sentencing for BAC of 0.15% and higher.
  • Click here for more DUI laws in New Mexico.

New Mexico SR-22 Auto Insurance Requirements

  • SR-22 may be required for a number of reasons.
  • An SR-22 is typically required to reinstate a suspended license.
  • Click here for all SR-22 requirements in New Mexico.

New Mexico Hands-Free Laws

  • New Mexico does not have a cell phone law.
  • Two cities in New Mexico have enacted cell phone laws.
  • Click here for Hands-Free laws in New Mexico.

New Mexico Teen Auto Insurance

  • New Mexico utilizes a Graduated Driver Licensing (GDL) system for teen drivers.
  • New Mexico teens must be at least 15 years of age to obtain an instruction permit.
  • Click here to learn all you need to know about New Mexico teen driver laws.

When you are involved in an auto accident and found to be responsible, it is vitally important to have the proper insurance coverage. If you don’t have the proper amount of coverage and are found at fault in an accident, your home, savings, future wages, and all other personal assets can be at risk in order to cover the costs of accident-related medical bills, property damage and lawsuits.

If you are deemed responsible for an auto accident which results in injury to another person or persons, bodily injury liability coverage provides funds for accident-related medical expenses, lost wages, and pain and suffering. The State of New Mexico requires the following minimum coverage amounts to be purchased and maintained by all motorists:

  • $25,000 total for bodily injury coverage, per person
  • $50,000 total for bodily injury coverage, per accident
  • $10,000 total for property damage, per accident

New Mexico also mandates that all drivers carry Uninsured Motorist coverage. If you choose not to include this coverage in your policy, you must formally reject it in writing.

Your insurance policy is basically a contract between you and your insurance company. You agree to pay the premium and the insurance company agrees to pay for losses and/or damages in the event of an accident. It’s important to remember when drawing up your personal policy that most states only require minimum coverage amounts. Most insurance experts agree that you should base your deductibles and types of coverage on your personal needs and circumstances.

You can depend on your professional insurance agent to be a knowledgeable and trusted source for information regarding your state’s minimum requirements and also for any other questions you may have about the different types of coverage available and their costs.

For any other concerns or questions, please contact:

New Mexico Public Regulation Commission- Insurance Division

1120 Paseo De Peralta
Sante Fe, NM 87501
(888) 427-5772 Toll Free

New Mexico Car Insurance Agents

If you live in New Mexico and are looking for an auto insurance agent to help you with your insurance needs, you’ve come to the right place.

Auto insurance agents are fully qualified professionals whose goal is to make the process of buying auto insurance easy and enjoyable for you- their customer. They are also able to compare coverage and prices from many different sources- including most of the leading, well-respected insurance companies in the country. This allows them to formulate the right New Mexico Auto Insurance policy for each individual client in terms of coverage and cost.

By knowing what to ask and thoughtfully listening to your questions and concerns, a good agent can put together a policy which is just right for you- one that protects you and your property as well as your assets. A trusted professional agent will stand by you when you have to submit a claim and will work hard to ensure that your policy is up-to-date and continues to meet your needs and personal situation. Circumstances can change over time and it is the business of a good agent to adapt your policy to any such changes.

If are interested in getting a quote from a qualified agent, use our Agent Locator to find an extensive list of agents in your local area. Any one of these professional agents will work hard to make sure you get the best auto insurance policy available that meets both your needs and budget.

Tips to saving money on your insurance premiums

  • Maintain a clean driving record. This can add up to big savings when buying auto insurance.
  • Raise your deductible. Remember, the higher your deductible, the lower the cost.
  • If you have a teenage driver in the family, ask about a good student discount.
  • Bundle your insurance policies. Purchasing life, home, auto and other insurance policies from one company can earn you up to 10% off the total cost of your premiums.
  • Reduce coverage on an older vehicle, especially if it’s paid for.
  • Improve your credit score. Most insurance companies use this score to determine the rates you will pay for insurance. If possible, obtain copies of your personal credit report (from the three major reporting bureaus) and check them for accuracy before applying for insurance. Report any out-of-date information or errors directly to the reporting bureau.

Knowing the discounts that are available can add up to big savings when putting together an auto insurance policy. When you also work with a skilled agent, you can be confident that you are getting coverage which protects both you and your assets at a price you can afford.

In addition to other states, New Mexico requires drivers to have auto insurance at all times. With consumers are able to obtain low cost New Mexico auto insurance rates more easily than before. The site offers a true online insurance marketplace where people can compare prices of insurance companies and even purchase a policy. No need to get on the phone, this website offers all of the information and features that the busy consumer needs.