Having enough auto insurance is something every business and private consumer should make a priority. If you own a business in the state of New Mexico, you need to understand all about New Mexico auto insurance agencies and the minimum auto insurance in New Mexico.

If you and/or other employees use automobiles for business purposes, make sure to inform your insurance company. Your premiums may be higher, but if someone has an incident while on company business and the New Mexico insurance agency that covers the vehicle did not know the car is for business purposes, it could reject the claim. When purchasing auto insurance in New Mexico, the key points to consider are:

1. Buying enough New Mexico insurance coverage to meet your firm’s needs

2. Deciding whether to purchase automobile insurance in New Mexico online or to utilize a traditional insurance provider

3. Knowing how and where to compare rates and find car insurance in New Mexico

Action Steps
The best contacts and resources to help you get it done

Purchase enough New Mexico car insurance coverage for your firm's needs

For businesses looking to purchase auto insurance, New Mexico requires a minimum of 25/50/10 coverage. This means that if an accident happens, the most the car insurance company pays for bodily injury liability to other passengers is $25,000 per injured person up to a total of $50,000 per accident. If property damage occurs, the limit is $10,000 per incident. Most businesses need at least 100/300/100 coverage plus collision and comprehensive insurance. Collision insurance covers damage to the policyholder's car if a wreck happens; comprehensive insurance covers non-wreck incidents (stolen vehicle, broken window). You may also purchase an umbrella policy that covers any additional claims against the driver or company. These policies usually come in increments of $1,000,000. You should decide if the company will fund insurance costs for its employees (usually in the form of commercial insurance) or if the employees must find and pay for their own coverage.

I recommend: AutoInsure and Chase both have free umbrella insurance quotes.

Purchase New Mexico automobile insurance online or use regular New Mexico auto insurance providers

With all the websites that deliver insurance quotes from multiple companies with one click, it is tempting to purchase auto insurance online. There's nothing wrong with this, but make sure you meet your company's needs by doing so. If you purchase insurance online from a little-known company and it goes under, you and your employees are out of luck. Also, never underestimate the importance of superior, in-person customer service. Will online insurance agencies pick up the phone readily, respond to your questions and take the time to explain your policies? Many firms have a strong need for personal customer service, and traditional, proven New Mexico car insurance companies, ones that you can call or visit in person in addition to utilizing their web-based contacts, may be your best bet.

I recommend: Check out Automotive.com to locate Use this handy website to locate an auto insurance agency in New Mexico. Go to Internet Auto Guide.com to locate a traditional New Mexico insurance agency by county.

Know where and how to compare rates and find car insurance in New Mexico

Many reputable companies now offer auto insurance quotes from a slew of providers after you fill out one single application. By entering the specific needs of your business, you can get a like comparison of the same insurance coverage from several different providers.

I recommend: Esurance, Insurance and Progressive have excellent user interfaces and solicit quotes from several companies. More importantly, you can immediately purchase coverage and print insurance cards. Although Progressive is a private insurer, it also shows competitor’s rates (which are sometimes cheaper) that you can immediately purchase.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Network with others in your industry to find out what New Mexico auto insurance companies they use. The best recommendation for any auto insurance firm is through word-of-mouth.