New Mexico Laws

Car insurance in the state of New Mexico is mandatory in all states and is required at the time of registering your vehicle at the Department of Motor Vehicles. The minimum liability coverage in New Mexico is $20,000 for injury or death of one person and $50,000 for injury or death of more than one person. The minimum property damage coverage is $10,000.
New Mexico follows a Tort system. This means that the state of New Mexico does not require its drivers to purchase Personal Injury Protection (PIP) coverage nor Uninsured/Underinsured Motorist coverage (UN/UIM).
The statute of limitations is the period for which you are eligible to file the insurance claim and lawsuit. If it expires, you lose the benefits that you deserve to obtain from the party responsible for causing the car accident. You can file a personal injury claim within 3 years of the car accident, and a property damage claim within 3 years.
New Mexico is a pure comparative fault state. That means that if an injured person is partially at fault for causing his own injuries, his damages are reduced by the percentage of his fault.

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