new mexico car insurance
New Mexico: the Land of Enchantment and affordable car insurance. Use this handy guide to ensure you're getting the most from your New Mexico policy.
New Mexico car insurance
New Mexico drivers are legally required to carry liability insurance with at least the following limits:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $10,000 property damage liability per accident
You'll often see these liability limits written as 25/50/10.
Uninsured motorist coverage in New Mexico
The state requires uninsured motorist coverage on all policies, although a driver is permitted to reject the coverage in writing.
Esurance in New Mexico
We don't currently offer car insurance to New Mexico drivers, but we can help you shop for the right policy.
You can start shopping for car insurance here.
Why you pay what you pay
The following can affect your car insurance rates in New Mexico:
- Driving history
- Gender, age, and marital status
- Credit score
- Make and model of your car
- Where you (and your car) live
- Coverages, limits, and deductibles
- Annual mileage and how you use your car
Proof of insurance
Drivers are required to carry car insurance in New Mexico. Drivers who can't prove they're adequately insured face the suspension of driving privileges, among other penalties.
Uninsured drivers in New Mexico
Uninsured drivers are a major liability in New Mexico. According to a recent Insurance Research Council report, New Mexico had the second-highest rate of uninsured drivers in the U.S. — 26 percent. That's nearly double the national average of 13.8 percent.
Uninsured motorist coverage can help financially protect you if you're in an accident caused by an uninsured driver.
Alternative car insurance options
Some high-risk drivers may have difficulty finding car insurance coverage through normal means, and may consider obtaining coverage through a "non-standard" insurance company. Non-standard insurance companies are more likely to cover a driver with high risk factors, such as previous accidents or serious driving violations. These insurance companies also tend to charge higher premiums.
Optional car insurance coverages in New Mexico
Insurers typically offer the following coverages in addition to liability insurance:
- Collision coverage
- Comprehensive coverage
- Medical payments coverage
- Underinsured motorist coverage
- Loan/lease gap coverage
- Rental car reimbursement coverage
New Mexico car insurance discounts
The more discounts you score, the more money you save on your policy. While car insurance discounts vary by insurer, keep an eye out for any of the following while you shop around:
- Homeowners discount
- Accident-free discount
- Good student discount
- Anti-theft device discount
- Defensive driving course discount
- Safety device discount
New Mexico also requires insurers to offer a 20 percent discount to drivers who are 55 or older who have completed a state-certified accident prevention course.
New Mexico driver information
Get the scoop on what it takes to drive in New Mexico.
New Mexico Insurance Division
The New Mexico Public Regulation Commission has a website to help drivers with questions regarding car insurance purchases and other auto insurance-related questions/concerns.