Taos Car Insurance

Your Complete Guide to Taos, NM Car Insurance

Find the right car insurance policy for you.

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Driving can be dangerous just about anywhere, and Taos, New Mexico is no exception. Taos drivers need quality, affordable auto insurance to make sure they are protected from the financial consequences of a crash. An independent insurance agent can assess the unique risks you face as a Taos driver. Your agent will work hard to find you an insurance policy that meets your needs while staying within your budget.

What Are New Mexico Car Insurance Requirements?

All vehicle owners in New Mexico are required to have a minimum amount of auto insurance that includes the following types of coverage:

  • Bodily injury liability: Required
  • Property damage liability: Required
  • Personal injury protection (PIP): Not required
  • Uninsured motorist coverage: Not required
  • Minimum liability limits: 25/50/10; coverage up to $50,000 for all persons injured in an accident, subject to a limit of $25,000 for one individual; and $10,000 coverage for property damage

Car insurance is essential to protect drivers from the financial consequences of car accidents and other vehicle-related mishaps. New Mexico drivers are required by law to purchase a minimum amount of auto liability coverage. It pays for damage to another person's car and for another person's injuries if you are at fault for an accident. In most cases, it’s important to buy more than the minimum liability insurance required by the state. 

The minimum coverage may be sufficiently cover damages from minor accidents. But if you cause a serious accident, the minimum coverage likely won’t be enough and you could be left with extensive bills to pay. Other types of coverage help you pay for your own car if it is stolen or damaged in some other way. A local independent insurance agent can help you determine which coverage limits and options are right for you and your family. 

How Much Does Car Insurance Cost in Taos, NM?

New Mexico is the 28th most expensive state for car insurance. Average car insurance rates in Taos are similar to the state average. 

  • National average annual car insurance cost: $1,311
  • New Mexico average annual car insurance cost: $1,237
  • Taos average annual car insurance cost: $1,239

It’s fairly simple: Insurance companies charge more for drivers who they consider to be more likely to get into an accident or file a claim. So if you are paying more than average for your city, you might drive a new car, have a longer commute, or live somewhere with a high rate of vehicle theft. Younger drivers typically pay more than older drivers, and male drivers typically pay more than female drivers. Single drivers generally pay more for car insurance than married drivers. 

If you have speeding tickets or other citations on your driving record, or if you have been in an accident, expect a hike in your car insurance premiums, too. While you can’t control your age or your gender, you can control some of your other risk factors. Maintaining a clean driving record is one of the best ways to control your auto insurance rates. A local independent insurance agent can help you compare quotes, choose policy options, and maximize your discounts. 

Number of Uninsured Motorists in New Mexico 

Not all drivers purchase car insurance. Unfortunately, if an uninsured driver hits you, you might have to pay for your own vehicle damage and your own medical bills. That's where uninsured motorist coverage comes in. It pays for vehicle damage and medical expenses if you cannot collect from an uninsured driver. 

  • How many U.S. drivers are uninsured? 12.6%
  • How many New Mexico drivers are uninsured? 20.8%

Uninsured motorist coverage is not required in New Mexico.

Number of Auto Thefts in New Mexico 

The auto theft rate across the state of New Mexico is higher than the national average, but the rate in Taos is quite low. 

  • National auto theft rate per 1,000 vehicles: 2.94
  • New Mexico auto theft rate per 1,000 vehicles: 5.64
  • Taos auto theft rate per 1,000 vehicles: 1.21

The comprehensive coverage portion of your Taos auto insurance policy offers the protection you need if your car is stolen or vandalized. It reimburses you for your lost or damaged car, and it also offers coverage for all kinds of “other than collision” situations, such as damage caused by falling objects, floods, structure fires, and more. Talk to a local insurance agent about comprehensive coverage and how it can help you pay to repair your car in a variety of unforeseen circumstances. 

Why Contact an Independent Insurance Agent?

Independent insurance agents are insurance professionals who can explain your coverage options, answer your questions, and provide you with customized car insurance quotes from multiple insurance companies. With the help of an independent agent, you can make an informed choice. 

Start your search by contacting an independent agent in or near Taos.

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http://www.naic.org/prod_serv/AUT-PB-14.pdf
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