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.
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
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.
2616 Mesilla St #1/2, Albuquerque, NM 87110
(505) 255-9577
https://www.cwagency.com/
5501 Eagle Rock Ave NE a2, Albuquerque, NM 87113
(505) 796-6531
https://www.jacksoninsurancesolutions.com/
3120 N Grimes St B, Hobbs, NM 88240
(575) 393-7504
https://romainsuranceservices.com/
1231 S St Francis Dr Bldg A Ste A, Santa Fe, NM 87505
(505) 984-8238
https://www.riograndeins.com/
1309 Broadway Blvd SE, Albuquerque, NM 87102
(505) 309-7011
https://www.freewayinsurance.com/office-locator/freeway-insurance-albuquerque-nm-87102
5208 4th St NW, Albuquerque, NM 87107
(505) 309-7012
https://www.freewayinsurance.com/office-locator/freeway-insurance-albuquerque-nm-87107
1703 W Main St, Farmington, NM 87401
(505) 564-9140
No website found
3701 San Mateo Blvd NE #101, Albuquerque, NM 87110
(505) 884-1615
http://www.route66insurance.com/