Car Insurance in New Mexico

Car Insurance in New Mexico
Purchasing auto insurance to meet your financial responsibilities in the state of New Mexico requires all drivers to carry the following minimum amounts of insurance. These minimums will get you on the road however you should consult your insurance agent to make sure you are properly covered for potential incidents that you may encounter. Even as a new or returning driver discounts are available to help you better protect you and your vehicle.
Minimum requirements:
- $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.
Accepted proof of insurance:
- A current auto insurance card.
- A copy of your current auto insurance policy.
- A letter from your auto insurance company (on company letterhead) that verifies your auto insurance coverage.
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For more information about insurance in the state of New Mexico you can contact the New Mexico MVD at 888 683 4636 or visit the New Mexico MVD web site.
Outside of purchasing auto insurance to meet your financial responsibilities in the state of New Mexico you can apply for the following insurance alternatives. These alternative options will get you on the road however you should consult your insurance agent to make sure you are properly covered for potential incidents that you may encounter.
Approved insurance alternatives:
A surety bond or a cash deposit, the total amount shall be $60,000 on deposit with the New Mexico State Treasurer.
Want to compare alternative cost with insurance? use the quote finder in the upper right corner to get started.
For more information about insurance in the state of New Mexico you can contact the New Mexico MVD at 888 683 4636 or visit the New Mexico MVD web site.
The state of New Mexico takes driving with out being properly covered or not having the financial wherewithal to cover an auto accident very seriously. The following list of penalties are in place to keep people from taking the risk of driving with out coverage. These penalties are to be taken seriously and are here to help protect you and your automobile in the event you are in an accident.
State Penalties:
Any person who operates a vehicle wiht out insurance is guilty of a misdemeanor and upon conviction shall be sentenced to a fine not to exceed three hundred dollars ($300).
Don't be that guy. Get auto insurance and know your covered? use the quote finder in the upper right corner to get started.
For more information about insurance in the state of New Mexico you can contact the New Mexico MVD at 888 683 4636 or visit the New Mexico MVD web site.