As a New Mexico driver, you are responsible financially for any and all property damages and personal injuries that are a result of an auto accident for which you are at fault. For this reason, New Mexico is a “Tort” state.
Before you can register a car in New Mexico, you must show proof of responsibility, usually automobile liability insurance with minimum limits of 25/50/10 (see the chart below).
Also, in addition to these limits of liability insurance, you must have Uninsured/Underinsured Motorist coverage on your policy. You can elect to not carry this, but it has to be submitted in writing. Make sure you understand that if you are struck by an uninsured or underinsured motorist, your liability insurance will not cover any expenses to you or your vehicle.
New Mexico motor vehicle operators may choose even more protection by adding on collision, comprehensive, medical payments, and increasing the levels in their liability and uninsured/underinsured motorist policy.
|Coverage Type||Required?||Minimum Coverage Amount Required|
|Bodily Injury Liability||Yes||$25,000 per person
$50,000 per accident
|Property Damage Liability||Yes||$10,000|
|Uninsured Motorist Bodily Injury||No||$25,000 per person
$50,000 per accident
Auto Insurance for Leased Vehicles in New Mexico (NM)
Most leasing companies in New Mexico typically require drivers to maintain insurance coverage which exceeds the minimums set by New Mexico state law. This is to protect you financially, as well as your leasing company, should they be held partly responsible. Most leasing companies will recommend the following amounts of insurance coverage:
- Bodily injury liability coverage: $100,000 per person/$300,000 per accident
- Property damage liability coverage: $50,000
- Comprehensive and collision coverage: $500 maximum deductible
Insurance Agents By City/Town In New Mexico
- Albuquerque, NM – Cheap Car Insurance
- Clovis, NM – Cheap Car Insurance
- Farmington, NM – Cheap Car Insurance
- Las Cruces, NM – Cheap Car Insurance
- Rio Rancho, NM – Cheap Car Insurance
- Roswell, NM – Cheap Car Insurance
- Santa Fe, NM – Cheap Car Insurance
New Mexico Auto Insurance Contacts
|New Mexico Taxation & Revenue Department: Motor Vehicle Division
PO Box 1028
Joseph Montoya Building
Santa Fe, NM 87504
|New Mexico Division of Insurance
P.E.R.A. Building, 4th Floor
1120 Paseo de Peralta
Santa Fe, NM 87501