New Mexico Auto Insurance

"Being insured is the law in New Mexico"

Consumers have questions and so did we...

• What are the types of insurance coverage and what are the amounts required for the state of New Mexico.

• What does the law say pertaining to minimum insurance coverage in New Mexico?

New Mexico has strict mandatory policies about vehicle registration, insurance coverage minimums, and financial responsibilities pertaining to every vehicle owned, operated, or parked on its roadways. In New Mexico, you can obtain your learner’s permit at fifteen and your restricted license at fifteen and a half, with a full license at sixteen and a half.

To adhere to New Mexico's auto insurance rules, you must...

In New Mexico, you must maintain a current insurance policy with a registered insurance company or broker carrying the minimum insurance requirements or greater. There are many different types of insurance, at competitive rates, so shop around for the best price. Be aware that once insured, if you miss a payment on your policy, your insurance could be cancelled, without notice.

1. New Mexico requires each driver to carry third party liability insurance, also called PLPD, accidental benefits coverage, and uninsured and unidentified driver’s coverage, which insures you, in case you injure someone, cause a death, or damage someone’s property in a motor vehicle accident.

In New Mexico, you must have third party liability insurance for bodily injury with each person allowed $25,000.00, up to maximum of $50,000.00, as well as an additional $10,000.00 for property damages. If there are more than two people injured, whoever files first gets the settlement.

2. In New Mexico, you must carry your driver’s license and proof of insurance, which has not expired, in your motor vehicle. If you driver’s license has been suspended, or your insurance has expired, your vehicle could be towed to the compound by the police. You driver’s license can also be suspended if you owe back child support.

Important facts about auto coverage in New Mexico:

• Your driver’s license can be suspended, if you are caught driving without adequate insurance, with too many fines, or driving while under the influence of alcohol or refusing to take a blood-alcohol test, and leaving the scene of an accident or failing to file an accident report. Seat belts are mandatory in New Mexico.
• You are required to change your driver’s license, if you move, within seven days.
• Your insurance agent has access to your driving record to check for fines, suspensions, and accidents that can cause your policy to increase or be cancelled.
• If you are in an accident, and do not have the minimum insurance, you are financially responsible for all injury and damage settlements awarded by the courts.

Comprehensive or collision insurance does NOT meet minimum requirements.

Used Cars in New Mexico

Auto Insurance FAQ

Question: Shopping for auto insurance in new mexico?
My auto insurance covers 4 vehicles. Which auto insurance company do you suggest.

Answer: Check out esurance.com. Much lower rates in Cali than Geico, not sure about NM. Their billing is all online, so easy. Good luck.

Question: Auto insurance question: My car is stuck in New Mexico, I'm trying to get it towed to the Honda Dealership.
The nearest Honda dealership is in Amarillo, TX about 150 miles away. Do I or does the insurance company take care of getting a tow truck to transport the vehicle? I was caught in the snowstorm that just came through. Thanks.

Answer: Sorry for your trouble. You've gotta talk with your insurance company - either you're covered or you aren't. Most likely, there's some "up to" distance they'll cover (mine is 75), then you pay the rest.

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