Yes, New Mexico requires a minimum amount of liability insurance to legally drive a motor vehicle, as do most states. Below are the auto coverage amounts required in New Mexico as of April 2022. But keep in mind, this amount is the minimum coverage required, not the actual amount or full extent of coverage you may want. Read more about other types of auto insurance coverage.
|COVERAGE TYPE||NEW MEXICO REQUIREMENTS|
Bodily injury liability
|NEW MEXICO REQUIREMENTS||
$25,000 per person; $50,000 per accident
Property damage liability
|NEW MEXICO REQUIREMENTS||
$10,000 per accident
Farmers® offers a variety of options to help you get the coverage you want, including:
Farmers won’t raise your auto premium because of an at-fault accident for every three years you drive without one while you’re insured with us.
Each time your policy renews without a claim, you earn $50 (at six-month renewal) or $100 (at annual renewal) toward your deductible the next time you do have a claim.
Enhanced Roadside and Ride Assistance
Whether you have a flat tire, lock your keys in the car or your battery is dead, this coverage can help get you back on the road with 24/7 towing, roadside assistance and funds for alternative transportation, like a rideshare.
Vehicle Replacement Plus
If your car is determined to be a total loss, Vehicle Replacement Plus allows you to replace it with a newer one and pay off any loan gap.
If the car is financed and the total loss payment is less than the remaining balance due on the damaged car, it will also pay off that loan or lease gap.
Rental coverage or Rental Alternative coverage
Choose one of these optional coverages when you purchase a Farmers FlexSM Personal Auto policy to help when your car is undergoing covered repairs.
New Original Parts
When available, any covered repair will use only new parts from the original equipment manufacturer of your vehicle.
This information provides only a general description of coverages and potential discounts. Not all products, coverages and discounts are available in every state, and can vary by state. Eligibility requirements can vary by state. Coverages and discounts are subject to the terms, limits, provisions, exclusions, restrictions and conditions in the policy and in applicable endorsements. Contact Farmers for details and additional information.
Farmers offers a variety of discounts for our car insurance customers in New Mexico. For example:
Welcome Discount for a new Farmers Flex Personal Auto policy
Loyalty Discount for policies that keep coverage without accident claims
Five-Year Accident-Free Discount if you have had no at-fault accident claims in the past five years
Multi-Policy Discount if you purchase multiple Farmers policies, such as Auto, Home or other eligible policies
Signal®can reward you with an initial discount when you use our Signal app
You might qualify for additional discounts on your auto insurance. Ask your Farmers agent which discounts are available in New Mexico.
Our New Mexico policy only covers damage to an insured car for short trips into Mexico and within a limited distance from the border. Our car insurance policy does not provide valid automobile liability insurance in Mexico nor does it provide Uninsured or Underinsured Motorist coverage for accidents occurring in Mexico. You should purchase valid automobile liability coverage from a licensed Mexican insurance company before driving into Mexico. A Farmers agent can help you arrange coverage with an insurance company in Mexico.
Whether you travel in your RV or everyday car, you’re covered in Canada just as you are in the U.S. It’s the one foreign country where your Farmers policy remains in force without restriction.
Josh Pfeiffer bought his first car at age 14, two years before he could legally drive it. Now, 25 years into buying, restoring, and selling cars for fun, he shares his hard-earned insights about collecting and driving classics … and a few clunkers along the way.
My office is about thirty miles from my home. I drive to work every day, and sometimes even on Saturday. Will I pay more for car insurance because of my long commute?