Are you looking for a New Mexico Commercial Truck Insurance Quote? How about 3 quotes?
Compare Truck Insurance Quotes
To get the best price on your semi truck insurance you need to shop around. Let us help by bringing you three New Mexico Truck Insurance Agents that will compete for your business.
Just fill out our short online form and you’ll get three competitive quotes from three top agents in NM. Easy!
3 Truck Insurance Agents in New Mexico
You need to find agents that specialize in truck insurance to get the right coverage at the best price. We’ve done that and found three of the best truck insurance agents in NM. With three agents quoting your policy you will have much broader access to the entire market of truck insurance companies. The agents will work diligently to earn your business, but only one will become the winner.
Shopping for truck insurance has never been this easy. Don’t waste your time tracking down three agents. Instead, let them come to you. Let’s get started!
Trucking Ins. Coverages
New Mexico and the FMCSA have specific insurance requirements for semis. If you have your own authority, some coverages are mandatory, like primary liability. If you are leased to a motor carrier, you may be looking for physical damage truck insurance, bobtail coverage, and non trucking liability.
No matter what type of coverage your operation needs, you’ll get quotes from three truck insurance brokers. Click on a coverage below to learn more about it, then fill out our short form to get your quotes.
New Mexico Truck Insurance Requirements
New Mexico law requires local truckers and new ventures to maintain a minimum amount of liability insurance. How much you need is determined by the type of freight you transport and where you transport it. If you never take your truck out of state and your truck is over 26,000 GVW, you must get a NMPRC authority number and keep a minimum amount of insurance:
|$300,000||Liability Insurance (Household Goods)|
|$750,000||Liability Insurance (General Freight)|
|$1,000,000||Liability Insurance (Oil Transport)|
|$5,000,000||Liability Insurance (Hazmat)|
|$50,000/vehicle and $50,000/catastrophe||Cargo Insurance (Intrastate household goods movers and interstate contract carriers)|
The insurance requirements for truck drivers who do cross state lines are a little different. In addition to the above, you must meet all the semi truck insurance requirements laid out by the federal government. Most federal liability limits are $750,000 or $1,000,000.
Both New Mexico and the US Department of Transportation require certain filings be submitted by your insurance agent. Your insurance company knows which forms to send, and they’ll do all the filing for you. These forms inform the government that all your DOT truck insurance requirements are fulfilled. They must be received before your authority can be processed. Some common forms include:
- The BMC-97
- Form MCS-96
- Form E
Specialized Insurance for Owner-Operators in New Mexico
No matter what type of operation you’re running, we’ve got your back. Our agents have access to cheap truck insurance for all of the following operation types:
Handy New Mexico Trucking Resources
Your Operation is Unique
You might be a local or a long hauler. Maybe you’re a new venture or a hotshot. You could be a leased owner operator from Albuquerque or a fleet manager in Las Cruces. Maybe you haul hazardous materials or chile peppers. All that to say, no two trucking companies are alike. Your insurance policies need to be tailored for your exact situation.
Since different truck insurance companies prefer different types of risks, it’s a good idea to shop around and find a company that is competitive with writing insurance for your type of business. The bottom line is that you want cheap truck insurance without sacrificing coverage.
Get 3 Competitive quotes in all New Mexico cities
No matter what city you live in our network of New Mexico insurance brokers are ready to give you a quote. We cover all cities including…