Living in New Mexico, car insurance quotes comparison is as important as it is in other parts of the country. This state requires very little in mandatory coverage, but has one of the highest percentages of uninsured drivers, making it very risky to take to the road. Be sure to protect yourself adequately by shopping around to find the best coverage possible.

New Mexico Car Insurance Quotes Comparison for Mandatory Coverage

In New Mexico the only car insurance that the state mandates drivers to carry is liability coverage. The law states that car owners must have limits no less than:

- $25,000 bodily injury per person;
- $50,000 bodily injury per accident in total;
- $10,000 property damage per accident in total.

These limits are considered too low to adequately protect drivers from lawsuits and other financial implications. Therefore, insurance professionals recommend limits of at least: $100,000 bodily injury per person; $300,000 bodily injury per accident in total; and $100,000 property damage per accident in total.

New Mexico Car Insurance Quotes Comparison: Coverage Recommendations

Despite the fact that the state has the second highest ranking in the whole country in terms of uninsured motorists, with 25.7% of drivers estimated to go without coverage, New Mexico does not make uninsured motorist coverage mandatory. This type of coverage, however, is very important to carry, as evidenced by these statistics.

Physical damage coverage is also a good bet for coverage depending on your car. Made up of collision, which covers damage from at-fault accidents, and comprehensive, which covers non-moving incidents that cause loss, these types of coverage are obligatory for drivers of financed cars. If you own your vehicle you will want to look closely at whether the premiums are worth it considering the value of the car.

You may also want to add personal injury protection to your plan to provide you and your passengers with additional medical coverage in the event of an accident. Towing and labor coverage can be quite convenient if your car is unusable. Rental car coverage is also a good form of protection if you are without your car for a period of time because it is not functional. Be sure that you are not getting these benefits elsewhere before investing in them.

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