Non-Owner Car Insurance in New Mexico
Figures updated
Liability protection for drivers in New Mexico who don't own a car.
- $56. Average monthly liability cost for owners.
- 25/50/10. Lowest liability limits.
- 24th of 51most expensive state (1st = highest)
Who is non-owner insurance for
- You often drive borrowed or rented cars, but you don't own one.
- You don't have a car to insure, and New Mexico still asks you for proof of financial responsibility. Acceptable proof includes a surety bond certificate or a binder. An insurance policy or certification also works, as does a Treasurer's certificate of deposit filing.
- You want to prevent a gap in cover between cars, because that gap can push your next price higher.
Coverage details
A non-owner policy covers liability alone. It must satisfy New Mexico's minimum limits, which are 25/50/10.
If you cause a crash in a borrowed car, the policy pays other people. The car you drive isn't repaired under this policy; the owner's policy usually pays first.
Policy costs
There's no official average for non-owner policies. For car owners in New Mexico, the average liability cost is $669 a year. Non-owner policies usually cost less because you don't have a car in your driveway every day.
It was first written on