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New Mexico Car Insurance Resources

New Mexico Car Insurance

Car Insurance Rates in NM

^ From 2006 to 2010, New Mexico cities had the 27th highest auto insurance rates in the nation. [2]

Car Insurance in NM by City

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Cars Insured in NM

^ New Mexico ranked 36th of all U.S. states in total auto insurance policies in 2011. [1]

NM Car Insurance

Car Insurance in New Mexico

Car Insurance Liability Requirements in New Mexico

  • Minimum Liability Limits in NM: 25/50/10 [4]
    • 25  Required coverage up to $25,000 for one individual injured in an accident
    • 50  Required coverage up to $50,000 for all persons injured in an accident
    • 10  Required coverage up to $10,000 for property damage in an accident
    • Note: These amounts are the minimum required by the law. Drivers may opt to purchase auto insurance above the mandatory minimums.

Required Car Insurance Coverage in New Mexico

Required Car Insurance Coverage in New Mexico
  • Auto Insurance Coverage Requirements in NM [4]
    • Bodily injury liability coverage
    • Property damage liability coverage

Car Insurance Verification Laws in New Mexico

  • Insurer Verification of Auto Insurance in NM [4]
    • Insurer must notify Department of Motor Vehicles or other state agency of cancellation or nonrenewal.
    • Insurer must verify randomly selected insurance policies upon request.

New Mexico Car Insurance Facts, Estimates & Related Laws

New Mexico Car Insurance Facts

New Mexico Car Insurance Facts, Estimates & Related Laws
  • Average Car Insurance Rates in NM
    • New Mexico had the 30th highest auto insurance rates in the nation in 2010. [2]
    • Rates in NM ranked 27th in the nation in 2009. [2]
    • In 2008, NM had the 24th highest rates in the country. [2]
  • Number of Auto Insurance Policies in NM
    • New Mexico ranked 36th in the nation in auto insurance policies in 2011 with a total of 1,523,172. [1]
  • Uninsured Motorist Rate in NM
    • The uninsured motorist rate in NM ranked 2nd in the nation in 2009. [3]

New Mexico Distracted Driving Laws

  • Hand-held phone ban? No
  • Texting-while-driving ban? Yes
    • Texting-while-driving ban in place for learner's permit and intermediate license holders. [7]
  • Young drivers cell phone ban? Yes
    • Ban applies to learner's permit and intermediate license holders. [7]
  • Bus driver cell phone ban? No
  • Enforcement of laws:
    • Primary enforcement in effect. [7]
    • With primary enforcement, a police officer can pull over a driver for that specific offense.
    • Under a primary law, a police officer can stop a driver for that specific offense. Under a secondary law, an officer must stop a driver for a primary offense before ticketing for the secondary offense.

New Mexico Automotive Laws

  • Safety Belt Laws in NM
    • Safety belt laws have been in place since 1986 and apply to drivers/passengers 18+ years in all seats. [7]
    • Child restraint law in place for younger than 1 year in a rear-facing infant seat; 1 - 4 years or less than 40 pounds in a child safety seat; 5 - 6 or less than 60 pounds in a booster seat. [7]
  • Motorcycle Helmet Laws in NM
    • Motorcycle helmets required for 17 and younger. [7]
  • Driver's License Renewal Cycle in NM
    • Renewal cycle: 4 or 8 years at the option of the driver [7]

New Mexico Auto & Driver Facts

New Mexico Automotive Facts

New Mexico Auto & Driver Facts
  • Speed Limits in NM
    • Rural interstates: 75 mph [7]
    • Urban interstates: 75 mph [7]
    • Other roads: 55 mph [7]
  • Motor Fuel Consumption in NM
    • New Mexico cities collectively ranked 35th in the nation in total motor fuel consumption in 2011. [9]

New Mexico Licensed Drivers

  • Licensed Drivers in NM [10]
    • Total Drivers: 1,418,641
    • Female: 711,481
    • Male: 707,160
    • NM has the 36th most drivers in the U.S.
  • Minimum Driving Age in NM [5]
    • New Mexico has a minimum driving age of 15 years.

New Mexico Auto Registrations

  • Auto Registrations in NM [8]
    • Registered Cars: 718,457
    • Registered Trucks: 984,465
    • Registered Motorcycles: 64,912
    • Total Registrations: 1,772,040
    • Rank: New Mexico ranked 37th in the United States in total auto registrations in 2011.

Additional information about New Mexico

About New Mexico

New Mexico has a population of approximately 2,059,179, which ranks 36th in the U.S. among all states. [6]

NM Car Insurance

More about New Mexico auto insurance

For more information about auto insurance in NM, or for additional resources regarding New Mexico car insurance, visit the New Mexico Department of Insurance.

Did you know?

Across all U.S. states, Massachusetts has the fewest uninsured drivers - approximately 4.5 percent at last measure.

References

1. ^ Automobile Insurance Plans Service Office (AIPSO)

2. ^ National Association of Insurance Commissioners (NAIC)

3. ^ Insurance Research Council (IRC)

4. ^ Insurance Information Institute (III)

5. ^ Insurance Institute for Highway Safety (IIHS)

6. ^ United States Census Bureau

7. ^ IIHS & Highway Loss Data Institute

8. ^ Office of Highway Policy Information

9. ^ U.S. Department of Transportation

10. ^ Federal Highway Administration

New Mexico Cities