Uninsured Motorist Coverage: New Mexico

For drivers in New Mexico, uninsured motorist coverage is not required by law. However, a report by the Insurance Research Council (IRC) found that 24% of motorists in New Mexico haven’t obtained a sufficient amount of insurance coverage. That’s 494,203 road users!

Basically, uninsured motorist coverage covers bodily injuries to the policyholder when the injury is attributed to an uninsured, underinsured, or hit-and-run motorist. Uninsured motorist coverage is oftentimes called New Mexico hit-and-run insurance coverage. If you don’t have this type of insurance, you may have to pay for doctors bills connected with a vehicle accident for which you are not responsible.

So you’re thinking that sure, uninsured motorist coverage would be worthwhile, but how much money will it set you back? Less than you think!

Fortunately, we have partnered with an extensive array of New Mexico auto insurance companies that can offer you uninsured motorist insurance. Enter you zip code to compare rates!

New Mexico Uninsured Motorist Law

As stated previously, this type of insurance is not compulsory for road users in New Mexico. In order to be thoroughly insured in the state of New Mexico, an individual will need to have a minimum degree of insurance. Below are the liability protections they will need to have:

  1. For a single individual injured in an accident: $25,000
  2. For all persons injured in an accident: $50,000
  3. For property damage in an accident: $10,000

Without this amount of coverage, at least, a driver will be underinsured. In cases like this, uninsured motorist insurance should pay the discrepancy between what the driver responsible is able to shell out, and how much is owed.

Injured By an Uninsured Vehicle in New Mexico?

If you’ve been in an accident with an uninsured vehicle in New Mexico, you might have legal action. In practically every state, it is deemed unlawful for a car owner to drive without insurance, and may be considered a criminal offense. Needless to say, it’s critical to get an attorney to examine your uninsured motorist claim.