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Best Affordable Auto Insurance in New Mexico
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Finding the best and most affordable auto insurance in New Mexico can be an arduous task. The Division of Insurance requires all drivers to have bodily injury liability insurance and property damage insurance be a part of any policy. These coverages do not protect you in case of an accident, but protect the victim if you cause an accident. You must have both types of insurance in order to legally drive a motor vehicle. In addition New Mexico requires its citizens to have coverage from underinsured/uninsured motorists. This type of insurance protects you if you are the victim and the perpetrator does not have sufficient insurance to cover the damages. These are reasons why policies in New Mexico are relatively expensive. Thankfully here at Best Auto we have done all the hard work to help you not only get free quotes, but find the best coverage and policy in New Mexico. Below is all of the essential car insurance information you need, as well as the best auto insurance companies serving the Land of Enchantment.

Understanding New Mexico's Auto Insurance Requirements

Remember that the minimum requirement for car insurance differs from state to state and in order to get the best auto insurance quotes in New Mexico one must understand what coverage they need. New Mexico does not require Personal Injury Protection (PIP) to be a part of your policy. It also is not a no-fault state and does not require protection from uninsured motorists be a coverage in your policy.

In insurance vernacular a state's basic information on minimums for coverage are presented in the Body Injury Liability for 1 person/Body Injury Liability for all people/Property Liability Damage format. Body Injury liability refers the minimum dollar amount required for one person in an accident. Body Injury Liability for all people is the minimum amount required for coverage in an accident involving at least 1 driver and 1 passenger. Property Liability Damage refers to the minimum amount required for any accident in which property is damaged. In New Mexico the minimums are 25/50/10. The numbers are in thousands of dollars.

New Mexico Car Insurance Facts & Car Insurance In Comparison:

  • Liability Insurance Required: Yes
  • Minimum Coverage Required: 25/50/10
  • No-Fault State: Yes
  • Personal Injury Protection Required: Yes
  • Uninsured Motorist Coverage Required: Yes
  • Average Liability Cost: $449
  • Average Collision Cost: $292
  • Average Comprehensive Cost: $164
  • Average Cost per Year in New Mexico: $730
  • US Average Cost: $795
  • Expense Rank: 25/51

Best New Mexico Auto and Car Insurance Companies

J.D. Power
Overall Rank
Customer
Satisfaction
52%
N/R
N/A N/R
41%
N/A 53%
37%
40%
55%
N/R
30%
N/A N/R
39%
63%
N/A 42%
34%
N/R
35%
42%
N/R
N/A N/R
34%
33%
N/A N/R
N/A N/R
N/A 65%
N/A N/R
N/A 34%