By law, all registered vehicles in New Mexico must be covered by car insurance. New Mexico minimum coverage law requires liability coverage of $25,000 per person for injury or death, $50,000 total injury or death if there are multiple people in the vehicle, and 10,000 for property damage. Unfortunately, even though it is the law, many drivers do not have auto insurance. In fact, according to the Insurance Research Council, in 2012, 21.6% of New Mexico motorists were uninsured. While there are penalties for uninsured motorists, including fines and license suspension, getting in a collision with an uninsured motorist puts an unintended penalty on the not at fault party.
Protect Yourself: Hire an Experienced New Mexico Car Accident Attorney
Therefore, it is important to protect yourself in advance for the possibility that you are involved in an accident with an uninsured motorist in New Mexico. Because of this potential risk, many drivers carry a form of coverage known as “uninsured motorist coverage.” Uninsured motorist coverage protects not at fault drivers when they suffer a property damage loss or injury from an accident with an uninsured motorist. If you have uninsured motorist coverage, and it is confirmed that the at-fault driver does not have insurance, then your own insurance company will compensate you for your medical bills, lost wages, and pain and suffering, as well as damage to your vehicle.
Some people are hesitant to file an uninsured claim for their accident since they are pursuing their own insurance policy. Though pursuing your own insurance company may not make sense initially, what is important to understand, is that you pay monthly premiums for this coverage and it is meant to protect you.
If the at-fault driver does not have insurance, and you do not have uninsured coverage, your chances of recovery are limited to a civil suit against the at-fault driver.