NM DMV Vehicle Insurance and Financial Responsibility

Question 1

What is the minimum liability insurance required for a vehicle registered in New Mexico?

Accepted Answer

$25,000/$50,000/$10,000

Answer

$10,000/$20,000/$10,000

Answer

$15,000/$30,000/$10,000

Answer

$50,000/$100,000/$25,000

Question 2

What is the purpose of uninsured motorist coverage in New Mexico?

Accepted Answer

It pays for your damages when the at-fault driver has no insurance

Answer

It covers damage you cause to another driver's vehicle

Answer

It replaces your vehicle if stolen

Answer

It pays your medical bills regardless of fault

Question 3

What may happen to your New Mexico driver's license if you are caught driving without insurance?

Accepted Answer

Your license and registration may be suspended

Answer

Nothing — insurance is not verified at traffic stops

Answer

You receive only a warning

Answer

Your vehicle is immediately impounded

Question 4

What is New Mexico's Financial Responsibility Law designed to ensure?

Accepted Answer

That drivers can pay for damages they cause in accidents

Answer

That all vehicles are inspected annually

Answer

That all vehicles are registered with the state

Answer

That drivers pass a defensive driving course

Question 5

In New Mexico, what document may law enforcement request to verify your insurance at a traffic stop?

Accepted Answer

Proof of insurance card or electronic proof on a mobile device

Answer

Your vehicle title

Answer

Your registration only — insurance is not checked

Answer

A letter from your employer

Question 6

What does collision coverage pay for in a New Mexico auto insurance policy?

Accepted Answer

Damage to your own vehicle when you collide with another object

Answer

Injuries to the other driver after an accident you caused

Answer

Medical expenses for all passengers

Answer

Damage caused by weather events such as hail