Free Tips for New Mexico Auto Insurance
Despite the fact that more than 3/4 of New Mexico's roads are unpaved, you can still find affordable auto insurance in the great State of New Mexico. We can help you find these rates. Simply request a quote from New-Mexico-Auto-Insurance.com today!
New Mexico auto insurance system
- New Mexico uses a No-Fault system. This means, regardless of who is deemed to be at fault for the accident, each person's insurance company will pay for their own expenses up to a certain level of coverage.
- If you end up being sued after an accident, and you do not have sufficient insurance coverage, then you may need to sell some of your assets to cover the lawsuit costs or – even worse – declare bankruptcy.
As you can see, auto insurance in New Mexico is extremely important; but it's also affordable. Rates in New Mexico were only $737 on average in 2006 (according to the Insurance Information Institute).
New Mexico auto insurance minimums
The minimum level of coverage specified by New Mexico state law is 25/50/10. This level of coverage will provide for $25,000 in bodily injury coverage per person per accident, $50,000 in total bodily injury coverage per accident, and $10,000 in property damage coverage.
You will likely want higher limits for each of these elements to protect your assets. In addition you will want to consider uninsured motorist coverage to protect you in the event of an accident with someone who is not carrying insurance.
It is estimated by the Insurance Research Institute that New Mexico has the most uninsured drivers in the U.S. – In New Mexico 1 in every 3 drivers is presumed to be uninsured. Don't be one of them! Request a New Mexico auto insurance quote today!