Auto insurance helps protect you financially from covered vehicle accidents and other losses. Shamas Insurance helps Albuquerque drivers evaluate liability and available vehicle coverage through an independent insurance agency.
A Cheap Auto Policy Can Become Expensive at the Worst Possible Time.
Premium matters.
But the real test of insurance comes after something happens.
That's why we recommend looking beyond the monthly payment.
What Does Auto Insurance Include?
Depending on the policy and options selected, coverage can include:
Liability insurance addressing covered injury or property damage you cause to others.
Collision coverage addressing certain covered damage to your own vehicle following a collision.
Comprehensive coverage addressing certain non-collision losses.
Uninsured or underinsured motorist coverage provides qualifying protection when another driver has insufficient insurance.
Additional options can include rental reimbursement, towing, or roadside-related benefits depending on the carrier and policy.
How Much Auto Liability Insurance Do I Need?
New Mexico's minimum required liability limits are currently $25,000 for bodily injury to one person, $50,000 for bodily injury per accident, and $10,000 for property damage per accident, according to the New Mexico Office of Superintendent of Insurance. (New Mexico Office of Superintendent of Insurance)
But a legal minimum is simply that:
A minimum.
The amount appropriate for you depends on your assets, income, drivers, vehicles, and financial exposure.
What Affects Auto Insurance Rates?
Insurance companies can evaluate many rating and underwriting factors permitted by law.
Two insurers can therefore produce different results for the same household.
That's one reason comparing available options can be useful.
Should I Bundle Auto and Home Insurance?
Maybe.
Bundling can sometimes improve pricing or simplify policy management.
But we recommend comparing the complete package.
The question isn't simply:
“How big is the discount?”
It's:
“What am I getting for the total premium?”
Auto Insurance FAQ
Do I need collision coverage if my car is paid off?
A lender may no longer require physical-damage coverage once the loan is paid, but that does not necessarily mean dropping it is financially appropriate. Consider whether you could comfortably absorb the loss of the vehicle yourself.
Does my personal auto policy cover business driving?
Some business use may create coverage issues depending on the activity and policy. Discuss how a vehicle is used rather than assuming personal coverage applies.
Can Shamas Insurance compare my existing auto policy?
Yes. We can begin with your current declarations page and discuss available alternatives.
Don't Just Compare Premiums.
Compare protection.