Car Insurance in Alamogordo, NM
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Living and Driving in Alamogordo
Alamogordo, NM, is known for its beautiful scenery and access to unique spots for picnicking and hiking, such as Oliver Lee Memorial State Park. People come to the area for outdoor adventures, and some stay because of the low cost of living, which is 24.8% lower than the national average.
Alamogordo's residents have access to several transportation options. The Otero County Transportation System provides a variety of bus routes, including some that connect to nearby cities like Roswell. Despite the public transportation options, more than 78% of residents opt to use their own cars since the average commute time is only 16 minutes.
Insuring Your Vehicle in Alamogordo
New Mexico requires drivers to carry bodily injury and property damage liability insurance. The minimum amount you must carry includes $25,000 per person ($50,000 per accident) for the bodily injury or death of someone due to an accident you caused. You must also carry $10,000 to cover property damage.
The average cost of car insurance in Alamogordo, NM, is $1,299 per year. That is much less than the national average rate of $2,150 per year. However, it's important to remember that various considerations factor into your actual cost.
Factors That Determine the Cost of Your Insurance
Insurance agencies look at various factors when determining whether to insure your vehicle. Those factors include your vehicle, yourself and your surroundings. Purchasing car insurance in Alamogordo, NM, may cost more if you drive an old car without newer safety and security features. You may also pay more if you drive a sports or luxury car. The most affordable option is a family-style vehicle with the newest safety and security features.
Your personal history matters as much as the car you drive. If you are a new driver, have been in an accident or have moving violations, you are likely to pay more than more experienced drivers or those with clean driving records. The insurer will also consider whether you've filed auto insurance claims in the past and whether you have a good credit score. Those with higher credit scores often pay less for coverage.
Finally, insurance providers consider where you live. If you live or work in an area with high property crime rates, you may find that your insurance bill is higher to account for the risk. Property crime in Alamogordo is reported at 44 incidents per 100,000 people. just above the national average of 35.4. This means you may pay more than people in cities with lower property crime rates.
What Your Insurance Covers
Different types of insurance cover different situations. Which ones best meet your needs?
- Liability “ Covers medical expenses, loss of income, loss of life and property damage expenses for others if you're at fault in an accident.
- Personal Injury Protection “ Protects you by footing accident-related bills for you and your passengers, even if you are at fault.
- Underinsured/Uninsured Motorist “ Protects you by paying for accident-related expenses if someone else is at fault but lacks coverage.
- Collision “ Covers damages if you are in an accident with a pole or have a rollover accident.
- Comprehensive “ Pays for damages related to non-accident emergencies like fires or theft.
Choose car insurance in Alamogordo, NM, that works best for you. Use VIU by HUB to get quotes from multiple insurers in just 30 seconds. You can even sync and track all your policies in one easy-to-use space.
This information is intended for general informational purposes only and is not intended to constitute legal advice.