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New Mexico Car Insurance

In most states, car insurance is compulsory mainly to compensate anybody you hurt as a consequence of your driving. The car insurance in New Mexico is known to have unique qualities and is different from other states. Car insurance is very important as they support car owners to attain insurance services at a fast rate. The 4 basic type of coverage that is made available in New Mexico and that is included in the state minimum car insurance requirements include Property damage liability, bodily injury liability, and personal injury protection and underinsured motorist protection. The requirements for each state are different, and it is best to contact the insurance representative of your state for any queries.

Average Rates

It is always better than the insurance premiums are paid in one go as most insurers add exorbitant prices when the payments are made for twelve months. The cost would be 30% more than usual. Individuals should not pay insurance excess over the amount they are affording to pay. The main reason is that in case of an accident you might have to pay cash for repairs. In comparison to 32 other states, New Mexico ranks higher for average insurance premiums. The people in Mexico are paying a high price for vehicle insurance.

New Mexico Car Insurance Rates by ZIP Code & City
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Car Insurance requirements in New Mexico

Insurance premiums are secretive figures, and no one can really tell correctly that goes into calculating those insurance rates. In Mexico, all the car rental companies require you to obtain the basic liability insurance and which is very cheap and about $20 per day. The cheapest car insurance in New Mexico is just $29, and you can find hundreds of auto insurance at lowest rates. The recommended New Mexico car insurance is one that provides coverage at best prices.

It is possible to buy auto insurance online also and save your money and time. It is very easy to buy the insurance and it mainly involves three steps which include entering the vehicle information, paying with a credit card and your policy would be printed in minutes. These policies are available for weekly, daily, 6 months and even full-year coverage. Individuals can select the coverage that is right for them and get the policy immediately.

Insurance Coverage New Mexico Minimum Coverage Study Coverage
Bodily Injury (BI) (per person / per accident) $25,000 / $50,000 $50,000 / $100,000
Property Damage (PD) 10,000 25,000
Uninsured Motorist BI (per person / per accident) 25,000 / 50,000 50,000 / 100,000
Uninsured Motorist PD 10,000 25,000

Car Insurance Companies in New Mexico

CompanyYearly Rate
GEICO$897
Allied$1,111
Farm Bureau$1,116
Farmers$1,145
Progressive$1,238
State Farm$1,251
Encompass$1,541
Allstate$1,767
MetLife$1,777

Law in New Mexico

The car insurance New Mexico rates can be compared easily online, and individuals can save up to $400 on average. In Mexico the law necessitates individuals to take along liability car insurance to assist the cover costs that are associated with damage to property or injuries that result from car accidents caused by them. It is very obligatory that the liability insurance must have the minimum coverage limit for death or injury and this is about $25,000. It is very important that individuals should have proper insurance if they drive their car as it can result in great expenses. Driving without auto insurance is illegal, and the penalties vary widely from every state.

Speed Limits in New Mexico


Rural Interstates


Cars (MPH) Trucks (MPH)
75 75

Urban Interstates


Cars (MPH) Trucks (MPH)
65 65

Other Limited Access Roads


Cars (MPH) Trucks (MPH)
60-70 60-70

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