Whether you study Complexity Theory at the Santa Fe Institute, raise cattle in a ranch outside of Albuquerque, or serve as a volunteer ranger in the Gila National Forest, if you own and operate a motor vehicle, you need to spend some time considering your New Mexico auto insurance options. Fortunately, it doesn't take an aerospace engineer at Holloman Air Force base to understand the requirements and statistics that inform New Mexico auto insurance quotes.
It's a good thing, too, because New Mexico is truly a driver's state. U.S. Route 66 – a highway that has woven its way into American mythology – carries thousands of drivers a day. So do highways like I-10, I-25, and I-40. For a greater understanding of the factors that insurers take into account – and for tips about what you can do to get your rates lower – read on.
Requirements for New Mexico Auto Insurance Quotes as of February 2010 (and Other Statistics)
New Mexico auto insurance quotes drivers must carry bodily injury liability coverage worth $50,000 per accident and $25,000 per person as well as property damage coverage worth $10,000. Given that New Mexico was literally the worst state in the Union for uninsured motorists – at least as of 2007, when the Insurance Research Council found that 29% of drivers in the Land of Enhancement (nearly one out of three!) lacked insurance – you should definitely consider adding uninsured motorist (UM) and underinsured motorist (UIM) coverage to your policy. You might also consider seriously upping your minimum bodily injury coverage to $100,000 per person and $300,000 per accident.
In 2007, the average rate for auto insurance was $730 – $65 less than the U.S. average of $795. Looking at these numbers in more detail, we see that New Mexico drivers paid $449 for liability, $292 for collision, and $164 for comprehensive. These numbers rank New Mexico in the middle of the pack – but they serve only as a rough guideline for what might be applicable to you.
Getting Lower and More Appropriate New Mexico Auto Insurance Quotes
If you live way out in the boonies and have to commute 50 miles to Albuquerque every day, you might not be able to reduce your driving time and qualify for a low mileage discount. But you could soup-up your car or truck with things like antilock brakes (save 5%), front and side airbags (save 5%), and an anti-theft alarm (save 5 to 10%). If you insure multiple vehicles under the same policy, you can get a possible savings of 25 to 50%. If you use the same company to insure your auto and home, you can net savings of 30% or more. Your driving record and habits can also inform your rates, as can the amount of years you've driven safely. Even seemingly unrelated factors, such as your credit score and your grades at school, can impact the New Mexico auto insurance quotes you can qualify for.
Notwithstanding all of these discount opportunities, however, your best possible tactic is to shop around for multiple quotes. But how?
One Stop Shopping for New Mexico Auto Insurance Quotes
AutoInsuranceQuotes.com offers a free and easy resource for you. Fill out our online form now (should only take you 2 minutes). Then get back multiple quotes from insurers to contrast and compare. Spend your time more efficiently and effectively by using New Mexico auto insurance quotes.