Is it required to have property damage liability insurance to drive legally in New Mexico?

In New Mexico, it is indeed required to have property damage liability insurance to drive legally. This type of insurance provides coverage for damages that a driver may cause to another person's property in the event of an accident. The law mandates that drivers carry a minimum amount of liability insurance to ensure that victims of accidents are compensated for any damages incurred.

This requirement serves to protect both drivers and the general public, ensuring that if one is involved in an accident, there are financial resources available to cover damages. By having property damage liability insurance, drivers can avoid being personally liable for substantial costs that may arise from such incidents, which can include repairs to vehicles, buildings, or other property.

The other options do not reflect the legal requirements in New Mexico regarding insurance. For instance, stating that insurance is optional or only required for commercial vehicles overlooks the state's essential safety regulations designed to protect everyone on the road. Additionally, the notion that a driver can simply pay for damages directly without insurance does not align with the legal framework meant to facilitate accountability and support victims of accidents.