120+ more*Quotes generated for Insurify users from New Mexico within the last 10 days. Last updated on November 7, 2026. Actual quotes may vary based on the policy buyer’s unique driver profile.
*Quotes generated for Insurify users from New Mexico within the last 10 days. Last updated on November 7, 2026. Actual quotes may vary based on the policy buyer’s unique driver profile.
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16+ years in personal finance and insurance writing
Certified Financial Education Instructor
Catherine Hiles is a freelance writer covering insurance, personal finance, and home improvement. A Certified Financial Education Instructor, Catherine is committed to providing readers with empowerment and insight when facing insurance decisions.
Her work has been published in TIME, The Penny Hoarder, BobVila.com, Tom's Guide, and Angi. She has a bachelor's degree in communication studies from the University of Chester in the United Kingdom. Catherine lives in Ohio with her husband, two children, and two energetic dogs.
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Licensed auto and home insurance agent
4+ years experience in insurance and personal finance editing
NPN: 20564519
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
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25 years teaching risk management and insurance course
Former commercial lines underwriter
David is the managing director of the Brantley Risk and Insurance Center. He has been quoted by The New York Times and CNN.
Updated
Coverage | Minimum Requirement in New Mexico |
|---|---|
| Bodily injury liability | $25,000 per person/$50,000 per accident |
| Property damage liability | $10,000 per accident |
Drivers in New Mexico must carry 25/50/10 liability insurance as minimum requirements to drive legally, per the Mandatory Financial Responsibility Act.[1] Alternatively, drivers can deposit $60,000 in cash or surety bonds with the New Mexico State Treasurer.[2] This combined limit covers both bodily injury and property damage claims.
New Mexico is an at-fault state, meaning the driver who causes an accident is liable for any injuries or property damage. The state’s limits are comparable to other states, though requirements vary. For example, Texas requires 30/60/25 coverage, while Florida only requires $10,000 in property damage liability and $10,000 in personal injury protection (PIP).
New Mexico drivers must have at least $25,000 per person and $50,000 per accident in bodily injury (BI) liability insurance. Other states, including Arizona, Colorado, and Nevada, require comparable limits.
Bodily injury liability coverage can protect you if you cause an accident. For example, say you rear-end another driver during Albuquerque rush hour and cause them injuries. Liability insurance can help cover their medical bills, up to the policy limits. If the claim exceeds your policy’s limits, you’ll pay the remaining amount out of pocket.
New Mexico requires drivers to carry at least $10,000 in property damage (PD) liability insurance per accident. That’s lower than many Southwest states — Arizona requires $15,000, while Texas requires $25,000.
PD liability insurance covers any damage you cause to another person’s property while driving. For example, say something distracts you, and you run into a parked car. Your PD liability coverage will pay to repair the damage, up to your policy’s limits.
New Mexico doesn’t require drivers to get uninsured/underinsured (UM/UIM) coverage. But the state requires insurers to offer drivers this coverage and disclose premiums, per a June 2026 New Mexico Supreme Court ruling.
UM/UIM coverage helps protect you financially if the at-fault driver doesn’t have liability insurance to cover your injuries and property damage after an accident.
Liability quotes start at $41/mo.
In 2022, the average bodily injury liability claim in New Mexico was $18,599, while property damage claims averaged $5,830, according to National Association of Insurance Commissioners (NAIC) data.
New Mexico’s 25/50/10 insurance requirements would cover these claims. But in a severe accident, insurance claims can easily exceed the minimum liability requirements.
Insurance professionals generally recommend buying more coverage than the state requires to better protect your finances. It’s worth considering UM/UIM coverage for better protection.
Coverage Type | Recommended Amount |
|---|---|
| Bodily injury liability | $100,000 per person/$300,000 per accident |
| Property damage liability | $100,000 per accident |
| Uninsured/underinsured driver | $100,000 per person/$300,000 per accident |
New Mexico law requires drivers only to carry liability coverage. But if you lease or finance your car, your lender will likely require comprehensive and collision coverage to protect its investment.
Full-coverage policies protect your vehicle against physical damage, regardless of fault. For example, if flying debris from a New Mexico monsoon damages your car, comprehensive coverage would pay for repairs up to the policy limits, minus your deductible.
While not required by law, UM coverage can provide further financial protection.
New Mexico car insurance costs $65 per month for liability-only coverage and $133 per month for full coverage. The Land of Enchantment’s 25/50/10 liability requirements are comparable with other states, so it may not majorly influence car insurance rates.
Insurance companies typically pass on the costs of uninsured-driver accidents to insured drivers, increasing their car insurance premiums.
Insurance Company | Average Monthly Quote |
|---|---|
| Progressive | $41 |
| National General | $49 |
| State Farm | $51 |
| Sun Coast | $52 |
| The General | $52 |
| GAINSCO | $53 |
| Bristol West | $55 |
| Root | $56 |
| Allstate | $62 |
| USAA | $62 |
| Safeco | $66 |
| Direct Auto | $67 |
| GEICO | $72 |
| Dairyland | $78 |
| Liberty Mutual | $106 |
| Farmers | $121 |
When you buy car insurance, ask your insurer to provide your policy information to the New Mexico Insurance Identification Database (IIDB). The state uses this database to check a driver’s insurance status. Drivers without insurance coverage listed in the IIDB receive a Notice of Noncompliance from the New Mexico Motor Vehicle Division (MVD).
If you do have insurance coverage, call the IIDB and provide your policy information. If you don’t provide proof of insurance within 30 days, the state can suspend your vehicle registration.
Although New Mexico lets insurers use a credit-based insurance score to determine rates, several caveats apply. Insurers can’t use an insurance score that’s calculated using a driver’s income, gender, address, race, religion, or marital status. Insurers also can’t cancel or fail to renew a driver’s coverage based on an insurance score alone.
Driving without insurance is illegal in New Mexico. The New Mexico MVD will send a Notice of Noncompliance to anyone without insurance. If you receive this notice for driving uninsured, you may be subject to the following penalties:
Fines: If you drive without insurance, the state can fine you $300.
Registration suspension: If you drive uninsured, the state can suspend your vehicle registration and deny re-registration until you provide proof of insurance.
Reinstatement fee: Once you get insurance coverage, you’ll need to pay $30 to reinstate your vehicle registration.
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Consider adding the following coverage options to your New Mexico auto insurance policy:
Uninsured motorist coverage: If an uninsured driver causes an accident, this coverage can pay to repair your vehicle and cover your medical costs.
Collision coverage: In 2024, a car crash occurred every 12 minutes in New Mexico, according to the New Mexico Department of Transportation’s annual crash report. When you’re at fault, collision insurance helps pay for repairs to your vehicle after an accident.
Comprehensive coverage: New Mexico’s desert climate is known for flash flooding, wildfires, high winds, and thunderstorms. Comprehensive insurance can cover repairs to your car after weather damage, theft, or vandalism.
Gap insurance: Around 28% of New Mexico drivers have a car loan, according to Insurify data. If an accident totals your car, gap insurance covers the difference between its actual cash value and your loan balance.
Learn more about New Mexico car insurance requirements to ensure you have the proper coverage.
Yes. New Mexico drivers can prove financial responsibility by depositing $60,000 with the New Mexico State Treasurer.
New Mexico considers hit-and-run vehicles to be uninsured motorists. If a driver hits you and flees the scene, you can make a claim through your UM/UIM coverage.
Yes, you can reject uninsured motorist coverage in New Mexico. But your insurer must offer this coverage by law.
No. New Mexico is an at-fault insurance state. The driver who causes an accident is legally liable for any resulting injuries or property damage.
Insurify data scientists analyzed more than 250 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 500+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.
Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).
Liability-only premium averages correspond to policies with the following coverage limits:
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16+ years in personal finance and insurance writing
Certified Financial Education Instructor
Catherine Hiles is a freelance writer covering insurance, personal finance, and home improvement. A Certified Financial Education Instructor, Catherine is committed to providing readers with empowerment and insight when facing insurance decisions.
Her work has been published in TIME, The Penny Hoarder, BobVila.com, Tom's Guide, and Angi. She has a bachelor's degree in communication studies from the University of Chester in the United Kingdom. Catherine lives in Ohio with her husband, two children, and two energetic dogs.
Licensed auto and home insurance agent
4+ years experience in insurance and personal finance editing
NPN: 20564519
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
25 years teaching risk management and insurance course
Former commercial lines underwriter
David is the managing director of the Brantley Risk and Insurance Center. He has been quoted by The New York Times and CNN.
At Insurify, our goal is to help customers compare insurance products and find the best policy for them. We strive to provide open, honest, and unbiased information about the insurance products and services we review. Our hard-working team of data analysts, insurance experts, insurance agents, editors and writers, has put in thousands of hours of research to create the content found on our site.
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