Best and Cheapest Car Insurance in New Mexico (Save Money With These 10 Companies in 2024)

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Best and Cheapest Car Insurance in New Mexico

The top picks for the best and cheapest car insurance in New Mexico are State Farm and Progressive, with USAA standing out as the top overall provider.

Best and Cheapest Car Insurance in New Mexico

When shopping for car insurance, it's crucial to find the right balance between cost and comprehensive coverage. State Farm offers the most affordable rates for teens, Progressive for married couples, and Geico for seniors.

Company Rank Monthly Rates A.M. Best Best For Jump to Pros/Cons
USAA TablePress Logo #1 $23 A++ Military Benefits USAA
State Farm TablePress Logo #2 $24 B Agency Network State Farm
Progressive TablePress Logo #3 $30 A+ Loyalty Rewards Progressive
Geico TablePress Logo #4 $32 A++ Senior Discounts Geico
Travelers TablePress Logo #5 $33 A++ Comprehensive Coverage Travelers
American Family TablePress Logo #6 $36 A Claims Service American Family
Farmers TablePress Logo #7 $46 A Great Add-ons Farmers
Allstate TablePress Logo #8 $56 A+ Drivewise Program Allstate
Liberty Mutual TablePress Logo #9 $57 A Accident Forgiveness Liberty Mutual
Nationwide TablePress Logo #10 $76 A+ Simple Claims Nationwide

By comparing quotes and reading customer reviews, you can ensure you're getting the best value and service for your car insurance needs in New Mexico.

Finding affordable car insurance doesn’t have to be a challenge. Enter your ZIP code above into our free comparison tool to find the lowest prices in your area.

What You Should Know

  • USAA is the top pick overall, providing exceptional rates and service, rates start at $23/mo
  • Offer the best and cheapest car insurance in New Mexico for different demographics
  • Comparing quotes and reading customer reviews ensures the best value and coverage

On this page:

#1 – USAA: Top Overall Pick

USAA: Best and Cheapest Car Insurance in New Mexico

Pros

  • Affordable Rates: USAA customer reviews consistently highlight their competitive rates for car insurance, making it an ideal option for budget-conscious drivers in New Mexico.
  • Excellent Customer Service: USAA is renowned for its high customer satisfaction, providing reliable and responsive service to its members.
  • Comprehensive Coverage Options: USAA offers a wide range of coverage options, including specialized coverage for military families, which can be tailored to meet the specific needs of New Mexico drivers.

Cons

  • Eligibility Restrictions: USAA is only available to military members, veterans, and their families, excluding a large portion of New Mexico residents.
  • Limited Physical Locations: USAA has fewer physical branches compared to other insurers, which may be inconvenient for those who prefer in-person service.

#2 – State Farm: Best for Agency Network

State Farm: Best and Cheapest Car Insurance in New Mexico

Pros

  • Competitive Rates for Teens: State Farm offers some of the most affordable rates for teen drivers in New Mexico, especially with available discounts for good students and safe driving.
  • Wide Range of Discounts: State Farm provides numerous discounts, including multi-policy, safe driver, and vehicle safety features, helping New Mexico drivers save more.
  • Strong Local Presence: State Farm insurance customer reviews showcase personalized service and support through its numerous agents and offices across New Mexico.

Cons

  • Higher Rates for High-Risk Drivers: Drivers with poor credit or driving records might face higher premiums with State Farm compared to other insurers in New Mexico.
  • Average Claim Processing Time: Some customers report that State Farm's claim processing can be slower than competitors, which might be an issue in urgent situations.

#3 – Progressive: Best for Loyalty Rewards

Progressive: Best and Cheapest Car Insurance in New Mexico

Pros

  • Competitive Rates for Married Couples: Progressive insurance customer reviews highlight that it offers some of the lowest rates for married couples in New Mexico, making it an economical choice for families.
  • Comprehensive Coverage Options: They provide a wide range of coverage options, including gap insurance, rental reimbursement, and custom parts and equipment coverage.
  • Discount Opportunities: Progressive offers various discounts such as multi-policy, safe driver, and good student discounts, which can significantly lower premiums.

Cons

  • Higher Rates for High-Risk Drivers: Progressive tends to charge higher premiums for drivers with poor credit or a history of accidents.
  • Limited Availability of Local Agents: Progressive primarily operates online, which might not be suitable for those who prefer face-to-face interactions with local agents.

#4 – Geico: Best for Senior Discounts

Geico: Best and Cheapest Car Insurance in New Mexico

Pros

  • Affordable Rates for Seniors: Geico provides the cheapest car insurance rates for senior drivers in New Mexico, offering significant savings for this demographic. Check out our ranking of the top providers: Best Car Insurance for Senior Drivers
  • High Customer Satisfaction: Geico consistently ranks high in customer satisfaction surveys due to its efficient claims process and helpful customer service.
  • User-Friendly Mobile App: The Geico mobile app is highly rated, offering easy access to policy management, claims filing, and roadside assistance.

Cons

  • Limited Local Agent Network: Similar to Progressive, Geico operates mainly online, which can be a drawback for those who prefer in-person service.
  • Complex Discount Eligibility: While Geico offers many discounts, understanding and qualifying for all available discounts can be complicated for some customers.

#5 – Travelers: Best for Comprehensive Coverage

Travelers: Best and Cheapest Car Insurance in New Mexico

Pros

  • Wide Range of Coverage Options: Travelers Companies, Inc. customer reviews highlight extensive coverage options such as gap insurance, new car replacement, and accident forgiveness, showcasing the flexibility and comprehensive protection available to New Mexico drivers.
  • Discount Opportunities: Multiple discounts are available, such as safe driver, multi-policy, and hybrid/electric vehicle discounts, making it easier to reduce premiums.
  • Strong Financial Stability: With a robust financial standing, Travelers ensures reliability in claim settlements and financial backing, offering peace of mind to policyholders.

Cons

  • Limited Availability of Local Agents: In some rural areas of New Mexico, finding a local Travelers agent may be challenging, affecting personalized service.
  • Mixed Online Reviews: While many customers praise Travelers, some online reviews highlight issues with the claims process and rate increases, indicating inconsistency in experiences.

#6 – American Family: Best for Claims Service

American Family: Best and Cheapest Car Insurance in New Mexico

Pros

  • Comprehensive Coverage Options: American Family offers a wide range of coverage, including accident forgiveness, diminishing deductible, and rideshare insurance, catering to diverse needs in New Mexico.
  • Strong Customer Satisfaction: American Family Insurance customer ratings showcase the company's dedication to service and support, ensuring a positive experience for policyholders in New Mexico.
  • Extensive Discount Programs: Various discounts are available, such as loyalty, multi-vehicle, and good student discounts, helping reduce insurance costs for many New Mexico families.

Cons

  • Availability of Agents: Similar to Travelers, finding local American Family agents in certain parts of New Mexico, especially rural areas, might be difficult, impacting personal service.
  • Rates for High-Risk Drivers: American Family may not offer the most competitive rates for high-risk drivers, which could be a disadvantage for some New Mexico residents.

#7 – Farmers: Best for Great Add-ons

Farmers: Best and Cheapest Car Insurance in New Mexico

Pros

  • Comprehensive Coverage Options: Farmers offers a wide range of coverage options, including liability, collision, comprehensive, and specialized policies for classic cars, ensuring tailored coverage for diverse needs in New Mexico.
  • Strong Financial Stability: Farmers Insurance Customer Reviews highlight the company's solid financial foundation and prompt claim payouts, ensuring peace of mind for policyholders.
  • Local Agents: Farmers boasts a network of local agents in New Mexico who provide personalized service and local expertise, helping customers make informed decisions.

Cons

  • Mixed Customer Service Reviews: While some customers praise Farmers for their local agents, others report inconsistent customer service experiences.
  • Limited Online Tools: The online tools and mobile app offered by Farmers may not be as robust or user-friendly as those of other insurers, potentially complicating policy management for tech-savvy users.

#8 – Allstate: Best for Drivewise Program

Allstate: Best and Cheapest Car Insurance in New Mexico

Pros

  • Strong Coverage Options: Allstate customer reviews highlight a wide range of coverage options, such as liability, collision, comprehensive, and add-ons like accident forgiveness, offering extensive protection for New Mexico drivers.
  • Excellent Online Tools: Allstate’s website and mobile app are highly rated for ease of use, allowing customers to manage their policies, file claims, and access information conveniently.
  • Good Driver Discounts: Allstate offers attractive discounts for safe driving, including their Drivewise program, which rewards good driving behavior with lower premiums.

Cons

  • Premium Rates: Allstate’s premiums can be higher than average, especially for comprehensive coverage, making it potentially less affordable for some drivers.
  • Customer Service Variability: Customer service experiences with Allstate can be inconsistent, with some customers reporting issues with responsiveness and claims handling.

#9 – Liberty Mutual: Best for Accident Forgiveness

Liberty Mutual: Best and Cheapest Car Insurance in New Mexico

Pros

  • Comprehensive Coverage Options: Liberty Mutual offers a wide range of coverage options, including accident forgiveness, new car replacement, and better car replacement. These options are beneficial for those seeking more than the state minimum requirements in New Mexico.
  • Multi-Policy Discounts: Liberty Mutual insurance customer reviews highlight that families can save money by bundling multiple policies, such as home and auto insurance.
  • User-Friendly Mobile App: The mobile app provides convenient features like policy management, claims filing, and access to digital ID cards, enhancing the customer experience.

Cons

  • Higher Premiums: Liberty Mutual's comprehensive coverage options often come at a higher premium, which may not be the best fit for those strictly looking for the cheapest insurance in New Mexico.
  • Mixed Customer Service Reviews: Some customers report inconsistent experiences with customer service, which can be a concern for those who prioritize reliable support.

#10 – Nationwide: Best for Simple Claims

Nationwide: Best and Cheapest Car Insurance in New Mexico

Pros

  • Vanishing Deductible: Nationwide Customer Reviews highlight their vanishing deductible program, which reduces your deductible each year you drive safely, ultimately lowering your out-of-pocket expenses over time.
  • Comprehensive Coverage Options: Nationwide offers a variety of coverage options, including accident forgiveness and gap insurance, catering to a wide range of needs and providing robust protection.
  • Strong Financial Stability: Nationwide's strong financial ratings ensure reliability and trustworthiness, making it a secure choice for policyholders in New Mexico.

Cons

  • Discount Availability: Some discounts may not be available in all states or may be more limited compared to other insurers, potentially reducing savings for New Mexico drivers.
  • Complex Pricing Structure: The pricing structure can be complex and vary significantly depending on individual circumstances, making it harder for customers to predict their exact premiums without detailed quotes.

Affordable Car Insurance Options and Discounts in New Mexico

Finding affordable car insurance in New Mexico can be challenging, but it's not impossible. This guide explores various car insurance options and discounts available in the state, helping you to make informed decisions and save on your premiums. Whether you're a new driver or looking to switch providers, these insights will help you secure the best coverage at the lowest cost. To broaden your understanding, explore our comprehensive resource on insurance coverage titled "How does my credit score affect my insurance premium?"

Insurance Company Minimum Coverage Full Coverage
Allstate $56 $158
American Family $36 $103
Farmers $46 $131
Geico $32 $90
Liberty Mutual $57 $161
Nationwide $76 $96
Progressive $30 $86
State Farm $24 $69
Travelers $33 $91
USAA $23 $65

Discover the most affordable car insurance options for both minimum and full coverage in New Mexico. USAA offers the lowest rates, with minimum coverage at $23 and full coverage at $65, while State Farm follows closely with $24 for minimum and $69 for full coverage. Progressive and Geico also provide competitive rates, making them great options for budget-conscious drivers. On the higher end, Liberty Mutual and Allstate have higher premiums, but may offer additional benefits that could justify the cost. Choose the best fit for your needs from a range of reputable providers.

Top car insurance providers in New Mexico offer a variety of discounts to help you save on your premiums. Allstate, American Family, Farmers, Geico, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, and USAA provide discounts such as multi-policy, safe driver, good student, and anti-theft. Additional discounts include military-specific, homeowner, new vehicle, paperless, and early shopper, varying by provider.

New Mexico's Cheapest Teen Car Insurance Providers

Due to its size, State Farm can offer competitive rates without significant price increases. They provide special discounts for teen drivers with clean records, especially in Santa Fe and other parts of New Mexico. Combining these with marital status and family discounts can result in substantial savings. For a comprehensive analysis, refer to our detailed guide titled "Tips to Keep Teen Drivers Safe on the Road."

The table provides a comparison of monthly car insurance rates for 18-year-old males and females in New Mexico, highlighting the cheapest options across various providers based on gender and age demographics.

Insurance Company Female (Age 18) Male (Age 18)
Allstate $229 $204
American Family $107 $145
Farmers $262 $269
Geico $131 $181
Liberty Mutual $196 $235
Nationwide $110 $144
Progressive $197 $225
State Farm $68 $85
Travelers $194 $271
USAA $62 $70

These rates are based on profiles for 18-year-old male and female drivers in New Mexico. The car used was a 2015 Honda Civic EX. We used the minimum car insurance state limits. The rates displayed should only be used for comparative purposes as individual rates in New Mexico will differ. Rate data is provided by Quadrant Information Services.

Cheapest Car Insurance Rates for Married Couples in New Mexico

Progressive offers the cheapest car insurance rates for married couples in Santa Fe and other parts of New Mexico on average when compared to the other most popular auto insurers in the state and the national average. Explore our list of the leading providers: Best Car Insurance Companies for Married Couples

This table presents a comparison of the monthly car insurance rates from different companies, specifically targeting married couples in New Mexico. The rates are evaluated based on marital status and location to provide a clear picture of the most affordable options available.

Insurance Company Rates
Allstate $67
American Family $45
Farmers $58
Geico $32
Liberty Mutual $69
Nationwide $44
Progressive $42
State Farm $31
Travelers $37
USAA $32

These rates are based on a 35-year-old married couple with two drivers and two vehicles on a policy. The cars used were two 2015 Toyota Highlander LEs. Full coverage was used with 100/300/50 limits and a $500 collision and comprehensive deductible. The drivers had 1 driving incident within the past 3 years and they both have a good credit score. The rates displayed should only be used for comparative purposes as individual rates in New Mexico will differ. Rate data is provided by Quadrant Information Services.

Affordable Senior Car Insurance Providers in New Mexico

Among the five largest car insurance companies in New Mexico, Geico provides the cheapest car insurance rates for male and female senior drivers on average. Companies like AARP offer discounts and benefits specifically tailored to those over 65. So even when their rates are a little higher, some seniors opt to go with companies that specifically market towards them. No matter your age or where you are in life, you can compare options by getting a few quotes. For detailed information, refer to our comprehensive report titled "The Cost Benefits to Taking a Defensive Driving Course."

This table displays the monthly car insurance rates for seniors in New Mexico from a variety of providers, specifically highlighting the differences in premiums for female and male drivers aged 65. It includes data from major insurance companies such as Allstate, American Family, Farmers, Geico, Liberty Mutual, Nationwide, Progressive, State Farm, Travelers, and USAA, offering a comprehensive overview of how gender and age impact insurance costs for seniors in this region.

Insurance Company Female (Age 65) Male (Age 65)
Allstate $52 $55
American Family $33 $33
Farmers $40 $44
Geico $30 $30
Liberty Mutual $49 $53
Nationwide $29 $31
Progressive $28 $28
State Farm $22 $22
Travelers $30 $30
USAA $22 $22

These rates are based on profiles for 65-year-old male and female drivers. The car used for each was a 2015 Toyota Camry LE. Full coverage was used with 100/300/50 limits and a $500 collision and comprehensive deductible. The drivers had zero incidents within the past three years and a good credit score. The rates displayed should only be used for comparative purposes as individual rates in New Mexico will differ. Rate data is provided by Quadrant Information Services.

Cheapest Areas for Car Insurance in New Mexico

Since car insurance rates depend on factors such as crime rate and accidents in your area, car insurance rates in New Mexico can vary from area to area. You'll get completely different rates in Rio Rancho compared to areas even 20-50 miles away. The area with the cheapest car insurance in New Mexico is Alamogordo. In the table below, you can see the top 10 cheapest areas in New Mexico for car insurance based on average rates for single adults. To enhance your understanding, explore our comprehensive resource on insurance titled "Steps to Take After a Car Accident."

The table below shows the monthly car insurance rates for various cities in New Mexico, with the data considering the location, population density, average income levels, age distribution, and local risk factors, highlighting the cheapest areas for car insurance in the state.

City Rates
Alamogordo $77
Holloman Air Force Base $78
Deming $80
Hurley $80
Buckhorn $80
Tularosa $80
Silver City $80
Santa Clara $80
Bent $80
Hachita $81

These rates are based on a 35-year-old single adult with one driver and one vehicle on a policy. The car used was a 2015 Toyota Highlander LE. Full coverage was used with 100/300/50 limits and a $500 collision and comprehensive deductible. The driver had 1 driving incident within the past 3 years and had a good credit score. The rates displayed should only be used for comparative purposes as individual rates in New Mexico will differ. Rate data is provided by Quadrant Information Services.

10 Most Expensive Areas in New Mexico for Car Insurance

Out of all areas in New Mexico, Peralta is the most expensive area for car insurance on average. Different areas in New Mexico have different car insurance rates. The table below displays the top 10 most expensive areas in New Mexico for car insurance based on average rates for a single adult. For a comprehensive overview, explore our detailed resource titled "Why Is Car insurance So Expensive?"

The table below provides the monthly car insurance rates for the 10 most expensive areas in New Mexico, taking into account a range of age, driving history, credit score, and vehicle type. These rates reflect the cost variations based on the specific characteristics and risk factors associated with drivers in each city.

City Rates
Peralta $101
Los Lunas $102
Corrales $103
Belen $103
Sandia Park $103
Kirtland Air Force Base $103
Cedar Crest $104
Tijeras $104
Albuquerque $108
Isleta $110

These rates are based on a 35-year-old single adult with one driver and one vehicle on a policy. The car used was a 2015 Toyota Highlander LE. Full coverage was used with 100/300/50 limits and a $500 collision and comprehensive deductible. The driver had 1 driving incident within the past 3 years and had a good credit score. The rates displayed should only be used for comparative purposes as individual rates in New Mexico will differ. Rate data is provided by Quadrant Information Services.

Minimum Car Insurance Coverage and Limits in New Mexico

You’re required to have two types of car insurance coverage in New Mexico: liability and uninsured/underinsured motorist. While uninsured/underinsured motorist coverage is required, it does comes with a caveat: you may reject this coverage in writing.

While doing so may lower your premium, you’ll have significantly less coverage as a result. And having uninsured/underinsured motorist coverage may be especially valuable in New Mexico. According to 2015 data from the Insurance Information Institute, 20.8 percent of drivers in the state are uninsured — the third highest percentage of any state in the country.

And it’s important to remember that uninsured/underinsured motorist coverage protects you from more than just drivers without insurance. It also protects you from drivers who don’t have high enough limits and from hit-and-run drivers.

The minimum limits for New Mexico’s required coverages are listed below. You should consider purchasing higher limits, though, as these minimums likely wouldn’t be enough to cover you in a costly accident. Take the $10,000 minimum for property damage liability, for example. If you are at fault in an accident that totals another driver’s car, there’s a good chance the damage could exceed that limit. In addition to purchasing the required coverages, you should also look into some of the optional coverages available in the state.

Collision insurance and comprehensive insurance coverage will protect your car if it’s damaged in an accident or from damage not related to an accident, such as vandalism or a falling tree.

New Mexico state minimum requirements:

Here is a list of New Mexico's minimum coverage requirements:

  • Bodily Injury Liability: $25,000 per person and $50,000 per accident
  • Property Damage Liability: $25,000 per accident
  • Uninsured/Underinsured Motorist Coverage: $25,000 per person and $50,000 per accident for bodily injury; $25,000 per accident for property damage.

Bodily injury liability provides coverage for injuries sustained by the other vehicle’s driver and passengers if you are held responsible for an accident. This coverage also kicks in to defend you in the event of any legal claims.

USAA: Best and Cheapest Car Insurance in New Mexico

Property damage liability provides coverage in the event you damage someone else’s property in a car accident, most commonly the other vehicle, but also things like a home or fence.

Determining Car Insurance Rates in New Mexico

When searching and comparing quotes from the best auto insurance companies in New Mexico, it can be frustrating trying to understand how your insurance rates are calculated. While there is no exact formula that each car insurance company uses when providing you a quote, there are many factors that do contribute to the price you pay for your insurance. To gain profound insights, consult our extensive guide titled "Top Ways Customers Have Saved Money on Car Insurance Rates."

Among the factors that car insurers consider are:

  • Driving Record & Mileage
  • Age, Gender, & Marital Status
  • Your Car’s Make, Model, and Year
  • Location
  • Amount of Car Insurance Coverage

One of the biggest misunderstandings when it comes to insurance rates is that the history of drivers in your area also contributes to how much you pay. For instance, even if you go two years without an accident, if there were a lot of accidents near you recently, your rates might still go up. Why is that the case?

USAA: Best and Cheapest Car Insurance in New Mexico

Insurance companies disperse risk across all policyholders so that when it comes time to pay a claim, they have enough money to pay out. But imagine a scenario where they only raised rates for drivers with an accident. For drivers who had an expensive claim, the drivers simply wouldn't be able to afford the raised rates that are based off how much their insurer had to pay after an accident. So instead, insurance companies slightly increase rates across the board to offset the costs, though of course the at-fault driver may see a larger increase.

Tips for Reducing Car Insurance Costs in New Mexico

At the end of the day, we’d all like to have the best coverage at a cheap, affordable price from one of the best New Mexico car insurance companies. While you never want to sacrifice quality to save a couple of dollars, there are some different ways you can lower your car insurance premium. Here are five ways you may be able to lower your car insurance rates:

  • Bundle Policies
  • Raise Deductibles
  • Pay in Full
  • Try Usage-Based Insurance
  • Shop for Better Rates

Evaluating New Mexico's Top Car Insurance Providers

Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:

  • Price
  • Customer Service
  • Claim service
  • Likelihood to renew

The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better. The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings. To delve deeper, refer to our in-depth report titled "Top 10 Car Insurance Companies That Customers are Likely to Recommend in Clearsurance Reviews."

Maximize Savings With the Best Car Insurance Quotes

Whether you’re buying your insurance direct or going through an agent, understanding the different car insurance coverage options is a must. Do you know what is covered by comprehensive coverage? Are you familiar with uninsured motorist coverage? Do you know how a deductible works? Finding affordable car insurance doesn't have to be challenging. By comparing quotes and understanding the various options available, you can secure the best coverage at the lowest rates.

We want to make sure you’re equipped with a proper knowledge of car insurance, so check out our car insurance guide. Looking for more educational information about car insurance? Check out our car insurance blog for more information and topics related to car insurance.

Finding affordable car insurance doesn’t have to be a challenge. Enter your ZIP code below into our free comparison tool to find the lowest prices in your area.

Frequently Asked Questions

Who normally has the cheapest car insurance?

The best and cheapest car insurance State Farm is the cheapest national car insurance company, at $50 per month for liability-only coverage. American Family and Geico also have affordable quotes, averaging $61 per month. USAA has the cheapest rates overall, charging $34 per month.

What is the minimum car insurance in New Mexico?

Minimum auto liability insurance amounts required in New Mexico are: $25,000 for bodily injury to or death of one person, $50,000 for bodily injury to or death of two or more persons, and. $10,000 for property damage in any one accident.

What type of car insurance is cheapest?

Typically, fully comprehensive insurance is the least expensive, though prices are influenced by individual circumstances.

Is it illegal to not have car insurance in New Mexico?

New Mexico law requires drivers to have auto liability insurance.

What is full coverage insurance in New Mexico?

Full coverage insurance in New Mexico is usually defined as a policy that provides more than the state's minimum liability coverage, which is $25,000 in bodily injury coverage per person, up to $50,000 per accident, and $10,000 in property damage coverage.

At what age is car insurance cheapest?

Car insurance is the cheapest for drivers between the ages of 35 and 55. Car insurance is very expensive for teens because they have a high risk of accidents, and then it decreases sharply as drivers age into their 20s and develop more reliable driving habits.

Is New Mexico a no-fault state for car insurance?

New Mexico is an at-fault state. That means the driver who causes an accident uses their insurance to pay for the other driver's bills from the collision. If more than one driver is determined to be at fault, they will share the blame, and their insurance companies will divide the responsibility percentage.

What does an uninsured motorist cover in New Mexico?

UM/UIM insurance can be applied toward both property damages and bodily injuries, as well as the medical bills, lost wages, pain and suffering that come with bodily injuries. UM/UIM coverage is mandatory for all motorists in the state of New Mexico.

What happens if someone else is driving my car and gets in an accident in New Mexico?

If you let someone borrow your car and they cause an accident in New Mexico, bodily injury liability insurance pays for injuries to the other driver and their passengers. Property damage liability insurance will pay for damage to the other driver's car.

What is required insurance in Mexico?

Mexican law requires all drivers, including U.S. tourists who plan to drive in the country, to have liability coverage. The minimum requirements are: 100,000 Mexican pesos (around $5,000) for bodily injury and death liability coverage.

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