New Mexico Car Insurance

New Mexico car insurance rates are in the top 30 percent of average premiums nationwide so its important to both compare car insurance companies and learn about New Mexico car insurance discounts.

You can compare rates with our free quote tool above today!

New Mexico Car Insurance Laws

Operating any private passenger vehicle in New Mexico requires car insurance. It’s illegal to drive without car insurance.

Drivers convicted of not having a valid car insurance policy in force can be subject to fines, drivers license suspension, and liability in an accident.

Car insurance laws in New Mexico require all drivers to have at least the following minimum levels of car insurance coverage:

• $25,000 bodily injury liability per person per accident
• $50,000 combined liability coverage per accident
• $10,000 in property damage

Most car insurance companies and correspondence from the New Mexico Division of Insurance will define car insurance requirements as 25/50/10 which is short for the car dollar amounts listed above.

How to Compare New Mexico Car Insurance Rates

Shopping for New Mexico car insurance is like shopping for any product. Price (premiums) should only be one factor as car insurance is a critical component to your financial security. More important than cost will be the quality of coverage you are purchasing.

When shopping for car insurance always consider the following factors and how important they are to you from a car insurance company:

• Claims Handling
• Custom Service Hours
• Company Strength
• Company Reputation
• Local Presence
• Limits of Coverage
• Account Management Options

While this is only a short list of variables drivers use to compare car insurance companies, it gives you a starting point for comparing companies.

New Mexico Car Insurance Companies

New Mexico has over 100 licensed car insurance companies providing car insurance coverage to New Mexico residents so finding auto insurance will be pretty easy.

The trick to getting the best coverage is to compare policies side by side and make sure you are comparing apples to apples.

Sometimes a lower deductible or lower policy limits can dramatically change car insurance rates. If you know what type of car insurance you need, always make sure you are comparing policies with the same level of coverage.

Compare New Mexico car insurance quotes for FREE today!