
LowNewMexicoRates.com makes it simple for you to find cheap auto insurance in the state of New Mexico. Just enter your zipcode into the box to the left, and you will be on your way to several auto insurance quotes from the top rated insurance companies in the business.
In the state of New Mexico, the minimum auto insurance required is $20,000 for bodily injury of one person, $50,000 for bodily injury for two or more people, and $10,000 for property damage. This is common referred to as 20/50/10 coverage. Collision insurance and uninsured motorist insurance coverage are also available. This is something to consider as the Insurance Information Institute (III) cites New Mexico as having the highest number of uninsured motorists of any other state at 29 percent.
While 20/50/10 is the minimum required by the state, it is recommended that you obtain coverage beyond this minimum. A single accident can cost well above these small coverages, and can leave you with large bills to pay. To avoid this most experts recommend at least $100,000 in protection per person and $300,000 in protection for all persons involved in an accident.
When you obtain insurance in the state of New Mexico, it is important to keep your proof of insurance inside your vehicle at all times. It is also very important to make all payments on your insurance coverage, because failure to maintain financial responsibility can be a misdemeanor, and can bring a fine of $300 and beyond as well as a loss of vehicle registration.
Our customers from Albuquerque, Las Cruces, Santa Fe, Rio Rancho, Roswell, Farmington, South Valley, Alamogordo, Clovis, Hobbs, and other great cities throughout New Mexico use our services to find the cheapest New Mexico automotive insurance. Our vast network of insurance agents and brokers can answer any questions you have, and find the right automotive insurance coverage within your budget.