Auto insurance has many components that provide protection against various hazards on and off the road. A minimum amount of coverage is required in most states, so you should have a working knowledge of the subject if you intend to drive on public roads. Below are some facts to understand about auto insurance in New Mexico.

What Coverage Is Required in New Mexico?

The state requires that all registered vehicles carry bodily injury liability coverage of $25,000 per injured person with a per accident maximum of $50,000, along with $10,000 of property damage liability coverage. Note that this does not cover your own vehicle or injuries to you or your passengers. It is purely in case you injure someone else on the road or damage their property.

What Other Coverage Is Available?

Collision and comprehensive coverage are two of the most common types of auto insurance. The first pays to repair your vehicle after an accident deemed to be your fault. The second pays to repair non-collision losses, such as from a fire, flood, storm, vandalism, or theft. Roadside assistance, medical payments coverage for you and your passengers, and uninsured or underinsured motorist coverage are other available options. 

How Can You Save Money on Auto Insurance?

The two best ways to reduce premiums are to improve your credit rating and to maintain a clean driving record. Both of these affect rates, since insurers have found that responsible credit use is correlated to safe driving habits, and drivers with clean records tend to have fewer accidents. You can also often save on premiums if you complete a driving safety class. Moreover, if you bundle coverage—for instance, by getting homeowners and auto insurance from the same provider—you will often pay less than if you bought them separately.

To discuss the design of an auto insurance policy that meets your needs and fits your budget, contact Western States Insurance Group in Lovington, NM. They serve individuals and businesses in and around Lea County and are renowned for their meticulous service and communication skills. Along with auto protection, they also carry home, life, health, motorcycle, and business insurance. Visit their website for more on their offerings, or call (575) 396-1318 to request a quote.