There are a lot of things to worry about after being in a car accident, and whether or not you have insurance coverage shouldn’t be one of them.
But in New Mexico, if you’re found to be at fault for an accident, you could be looking at some serious out-of-pocket expenses. Here’s what you need to know about our state’s fault-based insurance laws and how they could impact your Albuquerque auto accident claim.
What Does a Fault Car Accident State Mean in New Mexico?
New Mexico is one of 16 states that has a fault-based car insurance system. That means if you cause an accident, you or your car insurance company could end up paying for any damages caused by the collision.
To determine fault in a car accident, most states (including New Mexico) utilize what’s known as the “comparative negligence” law. This rule states that any person who is more than 50% at fault for an accident cannot seek compensation from the other driver.
Essentially, if it’s found that two drivers are equally responsible for a crash, they can both potentially collect damages from each other. However, if one driver is more at fault than the other, they will be held responsible for any damages.
New Mexico is a fault-based state when it comes to car insurance
When it comes to car insurance, New Mexico has a fault-based system in place; this means that the driver found to be at fault for an accident is responsible for all resulting damages and medical expenses incurred.
This is why it is so important to understand the laws about car insurance in our state, as any violation could lead to costly fines and penalties. If you are involved in an Albuquerque auto accident, failing to abide by the law could mean thousands of dollars out of your pocket – far more than if you had just chosen to obey the regulations in the first place!
https://law.justia.com/codes/new-mexico/2011/chapter41/article3A/section41-3A-1
This means that if you cause an accident, your insurance company will be responsible for paying the damages
Breaking New Mexico auto insurance laws can have serious consequences and can cost you in the long run. If you are at fault for an auto accident, your insurance company will be responsible for covering all damages, including medical bills and car repairs.
Unfortunately, if these payments exceed the limit of your policy coverage, you may be forced to come up with a large sum of money out of pocket to cover any remaining costs.
To ensure that this doesn’t happen to you, it is important that you are aware of New Mexico’s auto insurance laws and make sure your coverage is sufficient before getting behind the wheel.
If you don’t have insurance, or if your insurance doesn’t cover the full amount of the damages, you will be responsible for paying out of pocket
If you’re the victim of an auto accident in Albuquerque, having adequate car insurance is a must. Without it, you may be subject to enormous out-of-pocket costs for both property damage and personal injuries.
New Mexico has specific laws in place that require drivers to carry enough coverage to cover the costs of damages incurred. Failing to ensure that your insurance meets these requirements can leave you with a hefty bill should you get into an accident; the fines imposed by the state are typically well over $1,000 depending on the nature of the offense.
Don’t let yourself be in this bad situation – make sure that your policy covers all eventualities.
Breaking the law by driving without insurance can cost you $1,000’s in fines and fees
Driving without insurance is a huge risk, not just to yourself but to others. By deciding to drive without insurance you are putting yourself and other drivers in danger, as well as breaking the law.
In New Mexico, the fines and fees for driving without insurance can be extremely high – with the potential of costing you thousands in additional expenses.
Not only will breaking the law cost you money but if you have an Albuquerque auto accident claim, your lack of insurance can harm your ability to be compensated.
Don’t take these risks – get insured and protect yourself from heavy fines and fees!
If you are involved in an accident, make sure to exchange information with the other driver and call the police so that a report can be filed
If you find yourself in a car accident, make sure to take the right steps afterward. Exchanging information between all parties involved is an important first step to ensure your rights are legally protected – this should include contact and insurance details.
Additionally, it is also wise to call the police and have them document the incident on record. Failing to do so could be detrimental if you need to file an auto accident claim later on – especially if the other driver is found at fault.
New Mexico has laws in place that protect drivers who take the proper steps when involved in an accident, don’t let breaking them cost you thousands of dollars.
New Mexico’s car insurance laws are designed to protect everyone in our state. If you cause an accident, your insurance company will be responsible for paying the damages.
If you don’t have insurance, or if your insurance doesn’t cover the full amount of the damages, you will be responsible for paying out of pocket. Breaking the law by driving without insurance can cost you $1,000’s in fines and fees.
If you are involved in an accident, make sure to exchange information with the other driver and call the police so that a report can be filed.
If you have been injured in an accident and are looking for one of the best Albuquerque car accident attorneys give Goldberg & Loren a call at (505) 317-5813 or fill out the form for a free consultation.
We can provide you with the legal advice and counsel you need to get the compensation you deserve.
