Auto Insurance in New Mexico (NM)
In 2004 alone, there were 521 car accident fatalities in New Mexico. This number illustrates how we are unable to completely protect ourselves and our loved ones from dangers on the road. However, we can make sure that we have the proper financial coverage backed by a dependable insurance company, should a disaster come along.
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Auto Insurance Requirements in New Mexico (NM)
New Mexico requires its drivers to purchase a minimum of the following amount of auto insurance:
- $25,000 per person in bodily injury coverage
- $50,000 of coverage for everyone in the accident
- $10,000 of property damage per accident
Auto Insurance Providers in New Mexico (NM)
Auto accidents cost the taxpayers of New Mexico more than $1.4 billion annually. To combat these costs, New Mexico invests more than $10,066,000 every year to prevent accidents from even occurring. However, despite these measures taken by the state, it is still necessary for individuals to protect themselves with the proper auto insurance. Having financial support when accidents occur is vital for both you and those involved in the accident. The following companies provide auto insurance to citizens of New Mexico:
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Get More Auto Insurance Information for New Mexico
If you have any questions or would like more information, please contact the Department of Auto Insurance and DMV of New Mexico at:
New Mexico Motor Vehicle Division
P.O. Box 1028
Joseph Montoya Bldg.
Santa Fe, New Mexico 87504
www.state.nm.us/tax/mvd
*Auto Insurance Options is a free information resource that provides content on auto insurance products and policies for informational purposes only, but is not an agency or insurer. Products and policies may not be available in all states.
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