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How Much is SR22 Insurance in New Mexico

How Much is SR22 Insurance in New Mexico
How Much is SR22 Insurance in New Mexico

How Much is SR22 Insurance in New Mexico? this is a frequently asked question by motorists in the state of New Mexico. New Mexico is one of six states that does not require SR22 insurance after license revocation or suspension for certain infractions.

It’s important to remember that if you move to a state where SR22 insurance is required, you may have to file it according to the law. The SR22 form provides the state with proof of future financial responsibility. The most common reason why someone has to file form SR22 is for license suspension related to driving under the influence (DUI).

SR22 Insurance New Mexico

In the instance of motorists who have had certain problems on their driving records, an SR-22 car insurance form is commonly a certificate submitted by an insurance provider for proof of continuous insurance.

This form, however, is not necessary in the State of New Mexico. You may be forced to continue to file with that state if you go to New Mexico and are required by another state to maintain your SR-22 insurance form.

Who Needs SR22 Insurance in New Mexico

If your license is suspended in New Mexico, you do not need to file an SR-22 form. If you’ve been found guilty of the following severe driving offenses, you may face suspension.

You could need SR22 insurance for the following reasons:

  • Refused consent to breathalyzer or blood alcohol test
  • Reckless or dangerous driving
  • Numerous at-fault accidents
  • Having repeated traffic violations in a certain amount of time, including speeding tickets
  • Failure to pay fines from tickets
  • Driving without car insurance
  • Driving with a revoked or suspended license
  • Conviction for driving under the influence (DUI or DWI)
  • Assignment from a court order
  • A fatal at-fault accident or one that results in injuries

You’ll need to get SR22 insurance from an insurer that provides SR22 insurance in your new state if you’re relocating to a new state and need it. Instead of filing it with New Mexico, you’ll need to do it with your new state.

How to Get an SR22 Insurance in New Mexico

Drivers with issues related to SR22 insurance may find it difficult to obtain a policy despite the fact that New Mexico does not require an SR22 form. It may be a good idea to shop for auto insurance in New Mexico if you are considered a high risk driver.

How to get SR22 insurance in New Mexico is primarily you have to find a car insurance that provides SR22 insurance in New Mexico. By highest rating if you want to see which companies customers say are the largest providers of high-risk insurance in New Mexico.

You can sort through the companies and select the one you want to request a quote from. Click for a quote, call the number provided, or visit the company’s website for a quote.

When you contact the company name, you will be taken to the company profile page, which has facts about it and customer reviews.

SR22 Insurance New Mexico Cost

The average SR22 Insurance cost for a driver in New Mexico who has a violation is about $500 per year or $45 per month.

Cheapest SR22 Insurance in New Mexico

State Farm is cheapest SR22 Insurance in New Mexico for drivers offering an Average Premium of $310 per After DUI and Reckless Driving offense.

While coverage may be significantly more expensive than usual for drivers who require an SR-22 elsewhere, New Mexico is one of eight states that does not require high-risk drivers to file an SR-22 form as proof of insurance.

For instance, after behaviors like DUI, driving with a suspended license, or reckless driving, drivers in New Mexico may anticipate to pay an average of 136% more for car insurance.

Cheapest Companies for SR22 Insurance in New Mexico

Following are Companies that provide Cheap Insurance SR22 in New Mexico for High Risk Drivers:

Company Average Premium After DUI Average Premium After Reckless Driving
State Farm $310 per year $310 per year
USAA $386 per year $259 per year
Center Mutual Insurance $471 per year $471 per year
Kemper $502 per year $555 per year
Nationwide $729 per year $729 per year

Non Owner SR22 Insurance New Mexico

If you get into a car accident while driving someone else’s automobile, non-owner car insurance is a kind of liability coverage that protects you.

Injuries and property damage caused to others are covered by non-owner insurance in New Mexico, but the borrowed car’s damage or your medical expenses aren’t covered.

The borrowed car’s insurance policy only covers the costs of damages that exceed and extend beyond what is covered by the borrowed car.

How Do You Get Non Owner SR-22 Insurance in New Mexico

Since New Mexico does not require high-risk drivers to file an SR-22 to show they have insurance, you cannot obtain non-owner SR-22 coverage. Non-owners policies, on the other hand, are available to drivers in New Mexico who do not own a vehicle and need regular liability coverage while driving borrowed or rented vehicles.

While they do not cover a particular vehicle and policyholders are less likely to file a claim than car owners, on-owner policies only cost an average of $200-$500 each year.

Average Cost of Non Owner SR22 Insurance in New Mexico

Non-owner SR22 insurance might be a good option for you if you rent cars on a regular basis or if you need proof of insurance to get your license reinstated.

Non-owner SR22 insurance costs $521 per year on average for drivers in New Mexico with a clean driving record. For drivers with a serious driving violation, such as a DUI, this could increase to $851 per year on average.

Cheapest Non Owner SR22 Insurance in New Mexico

shopping for cheap non-owner car insurance SR22 can save you money. According to a GetTodayInsurance analysis, the cheapest non-owner SR22 insurance in New Mexico is offered by companies GEICO at an average cost of $247 per year and State Farm at an average cost of $558 per year.

Cheapest Non Owner Companies for SR22 Insurance in New Mexico

Get Insurance Today, has summarized several companies that provide the Cheapest Non Owner SR22 Insurance in New Mexico. you can see in the table below:

Company Annual Premium Monthly Premium
GEICO $247 $21
State Farm $558 $47
Progressive $565 $47
MetLife $604 $50
Farmers $633 $53

Frequently Asked Questions

Does New Mexico require SR-22 insurance?

No, SR-22 insurance isn’t required in New Mexico. While New Mexico does not have an SR-22 requirement, if you are convicted of a serious driving-related offense, your insurance rates will almost certainly go up. After a DUI conviction, premiums in New Mexico, for example, increase by an average of 123%.

After being convicted of a serious moving violation like DUI, several states, such as New Mexico, require applicants to submit an SR-22 form with the DMV to certify that they meet the state’s minimum insurance coverage standards. Such a requirement is not required in New Mexico, one of only 12 states.

Final Verdict

If you damage a borrowed car while driving, having non-owner automobile insurance may help you avoid monetary troubles. You may still be responsible for losses if they surpass the owner’s policy limits, even if vehicle insurance typically follows the vehicle rather than the operator. The appropriate non-owner policy can provide the coverage you need, whether you’re a regular renter or require inexpensive insurance while you’re between vehicles to avoid a gap in your insurance record.

SR22 Insurance by State

Alabama Louisiana Ohio
Alaska Maine Oklahoma
Arizona Maryland Oregon
Arkansas Massachusetts Pennsylvania
California Michigan Rhode Island
Colorado Minnesota South Carolina
Connecticut Mississippi South Dakota
Delaware Missouri Tennessee
Florida Montana Texas
Georgia Nebraska Utah
Hawaii Nevada Vermont
Idaho New Hampshire Virginia
Illinois New Jersey Washington
Indiana New Mexico Washington D.C
Iowa New York West Virginia
Kansas North Carolina Wisconsin
Kentucky North Dakota Wyomi