New Mexico Car Insurance Quotes (NM)

Do you need to insure a new car or truck? If so, you have come to the right place. We have partnered with the biggest auto insurance companies – issuers such as GEICO, Progressive, Nationwide, and many others – to help you to find the best auto insurance rates on the web. Getting an auto insurance quote on the web from a vast variety of insurance companies is a simple and easy way to make sure you don’t pay too much for your rates. After you compare and contrast policies, rates, and discounts between carriers, you can make the best decision about which policy is right for you.

New Mexico Car Insurance Laws

For New Mexico drivers, car insurance is mandatory.

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New Mexico has laws prescribing the degree of max liability you need to possess. Oftentimes, you will see these guidelines shown as 3 usd figures, e.g. $25,000/$50,000/$10,000.

  1. Bodily Injury Liability Limit for Single Individual: $25,000
  2. Bodily Injury Liability Limit for All Parties: $50,000
  3. Property Damage Liability Limit: $10,000

New Mexico: No Fault State?

New Mexico is not one of the 12 no-fault insurance states in the US. Under no fault auto insurance laws, you must pay the medical expenses of you and your passengers, no matter who was at fault in the collision. No fault states have these laws in place in order to limit insurance fraud.

Uninsured Motorist Laws in New Mexico

You are not required to carry uninsured motorist insurance in New Mexico. Uninsured motorist insurance, often referred to as UM/UIM coverage, protects a motorist from uninsured drivers and hit-and-run drivers. Most insurance brokers recommend that you get uninsured motorist insurance, regardless of whether UM/UIM coverage is required where you live. Why? Because almost 15 percent of American motorists are uninsured.