Cheap Commercial Auto & Truck Insurance Quotes in New Mexico

If you want to keep your business and its assets safe, you need New Mexico commercial auto insurance policy. Obtaining insurance for your commercial vehicles is a legal requirement in the state. This product is designed to protect your business from financial loss due to liability and legal costs associated with road accidents.

Getting the right level of protection with an adequate coverage on your policy is the first step to saving money. Otherwise, you could still end up paying for medical and legal costs.

Cheap Commercial Auto & Truck Insurance Quotes

What is the minimum coverage requirement in New Mexico?

All business-owned vehicles in New Mexico must come with a commercial auto insurance policy. To help you pick the right coverage, the state has implemented minimum coverage limits that all business owners must comply with.

The minimum coverage for property damage liability is $10,000 per accident. For bodily injury, it is $50,000 per accident or $25,000 per person. It is important to reiterate that the above figures are only the minimum coverage requirement and additional coverage might be needed, depending on the type of vehicle you operate. Related: Owner Operator Truck Insurance

Cheap Commercial Auto & Truck Insurance Quotes

Important Crash Statistics in New Mexico

There are several risks involved when operating a commercial vehicle. The large the vehicle, the higher the risk.

There are more than 150,000 businesses that are operating within New Mexico – a rather desolate part of the country. These businesses rely on motor vehicles as part of their daily operation. In recent years, there is a rise in crashes involving heavy vehicles such as trucks and cargo vans. In the past five years, the number of crashes involving heavy trucks has reached a total of more than 2,300.

In the above number of crashes involving commercial vehicles and trucks, the fatality rate is at 10%. Albuquerque, one of the major cities in the state, had the highest number of vehicle crashes in New Mexico in recent years.

Commercial Auto & Truck Insurance Near Me

commercial auto truck insurance New Mexico

Best Commercial Auto & Truck Insurance Companies

Commercial West Insurance

2616 Mesilla St #1/2, Albuquerque, NM 87110

(505) 255-9577

Jackson Insurance Solutions

5501 Eagle Rock Ave NE a2, Albuquerque, NM 87113

(505) 796-6531

Roma Insurance Services

3120 N Grimes St B, Hobbs, NM 88240

(575) 393-7504

Rio Grande Insurance Services

1231 S St Francis Dr Bldg A Ste A, Santa Fe, NM 87505

(505) 984-8238

Freeway Insurance

1309 Broadway Blvd SE, Albuquerque, NM 87102

(505) 309-7011

Freeway Insurance

5208 4th St NW, Albuquerque, NM 87107

(505) 309-7012

Auto Insurance Plus, LLC.

1703 W Main St, Farmington, NM 87401

(505) 564-9140

No website found

Route 66 Insurance, Inc.

3701 San Mateo Blvd NE #101, Albuquerque, NM 87110

(505) 884-1615