If you own a vehicle in New Mexico, you are required by law to have insurance. All car insurance policies in this state must include liability insurance, which can cover other people’s injuries and property damage if you are responsible for an accident. Your policy must also include uninsured motorist coverage unless you have specifically turned it down in writing. Coverage for injuries sustained by you or your passengers and damage to your own vehicle is optional.
Residents of New Mexico pay an average of $1,201 per year for car insurance. This is lower than the national average of $1,311. Insurance companies will offer you quotes based on factors such as your vehicle’s year, make, model, and trim and information about you, including your driving history, age, occupation, and sometimes even your credit score. Comparing quotes from a variety of insurers lets you be sure that you are getting your coverage at a good price.
My previous car insurance was going up in price, so I decided to research online to find more information about policies and pricing. I came across TrustedChoice.com, so I gave them a call. They were able to point me into the right direction, and I was able to find exactly what I needed.
In New Mexico, all car insurance policies are required by law to include liability insurance and, frequently, uninsured motorist insurance. Coverage for your own vehicle through collision and comprehensive insurance is not required by the state, but is nearly always required by dealerships if you are leasing your vehicle and by lenders if you are still paying for your car. You can expect a typical auto insurance policy in New Mexico to include the following:
If you currently owe more for your vehicle than it is worth, you may want to ask your insurance agent about gap insurance. This coverage can provide an added layer of protection in the event that your vehicle is totaled.
There are currently 146 independent insurance agents in New Mexico who are ready to help you find the right car insurance policy. Independent agents are free to work with several different insurance providers, so they can acquire a variety of customized auto insurance quotes that you can review and compare together. Let a local independent agent help you find the most competitively priced policy to meet all your coverage needs.