New Mexico Car Insurance Quote
On average residents of New Mexico paid $912 for their car insurance rates in 2003. The national average for 2003 was $914. It is the belief that these car insurance rates are fixed by state regulated agencies and car insurance carriers. Because of this people do not look for better auto insurance rates. However residents of New Mexico can find discount and competitive rates for car insurance by using quotecarinsurance.com.
It is the expectation that 2007 will see the first decrease in car insurance rates since 1999. You can expect to see a .5% to 1% decrease in car insurance rates from 2006 alone. Through technology websites, such as quotecarinsurance.com, can bring the competition directly to the consumer in order to find the best car insurance rates possible. Over the years rates for car insurance have changed, and this is especially true in a states like New Mexico. If you are not aware of your car insurance policy and everything pertaining to it you may be paying too much for your car insurance. A few years back the average price for annual car insurance was $826. This is an increase of 10.41% in only three years. Because of this you should not be throwing away your money when you can be saving it by using quotecarinsurance.com to find the most affordable rates. You can receive a free quote for car insurance with quotecarinsurance.com so you have noting to lose.
There are some minimum requirements for car insurance policies in the state of New Mexico. New Mexico uses a Tort system, which means a person has to be at fault if a car accident occurs. That person and their car insurance carrier are responsible for the damages that are a result of the car accident. Under New Mexico state law a car insurance policy must have a minimum Bodily Injury Liability coverage in the amount of $25,000 for every injured person and up to a total of $50,000 for every car accident. The policy also must have a minimum amount of $10,000 in Bodily Injury Liability coverage. This type of basic coverage is called 25/50/10 coverage.
There is also the optional Personal Injury Protection (PIP) and Uninsured/Underinsured Motorist coverage but New Mexico state law does not require them. PIP can help you pay for, both you and you passengers, medical expenses that are "reasonable and necessary." Uninsured/Underinsured Motorist coverage is for any injuries that you and your passengers get as a result of an accident caused by a driver that does not have insurance. You can use quotecarinsurance.com to see what insurance companies offer these options that can be added onto your car insurance policy.
Quotecarinsurance.com can find you the most affordable car insurance rates and it doesn't matter if you are a high-risk driver or one with a spotless driving record. It is important to have coverage in case something was to happen with you or your car or both. By using quotecarinsurance.com you can find the most affordable rates on car insurance and the best possible coverage in New Mexico.