Better rates for better drivers in New Mexico

To legally operate a vehicle in New Mexico, you must carry Liability insurance and Uninsured/Underinsured Motorist coverage. If you are found driving without these, you may face suspension of your vehicle registration.

Liability coverage helps to pay for property damage or bodily injuries that occur from a car accident you cause. It does not cover harm to you or your family members (that’s what Personal Injury Protection and Medical Pay coverages are for). It also doesn’t cover your vehicle, but Collision and Comprehensive coverages do—these additional coverages can help you avoid major expenses in the event of an accident.

Minimum required Liability coverage in NM: 

• $25,000 Bodily Injury (per person)

• $50,000 Bodily Injury (per accident – multiple people injured)

• $10,000 Property Damage

Remember you can select higher limits if you’d like more coverage.

UM/UIM is another required coverage. This insurance pays for the damages, losses, and injuries you suffer if you’re in an accident caused by a driver who doesn’t have car insurance. It also covers you if you’re in an accident with a driver whose car insurance is insufficient or is considered underinsured.

Car insurance companies are required to offer this coverage as part of your policy. You can reject this coverage in writing and still be in compliance with car insurance laws.

Minimum required Uninsured/Underinsured Motorist coverage in NM:

• $25,000 Bodily Injury (per person)

• $50,000 Bodily Injury (per accident – multiple people injured)

Again, you can always opt for higher limits if you want more coverage.