What is the minimum insurance coverage required for property damage in New Mexico?

In New Mexico, the minimum insurance coverage required for property damage is indeed $10,000. This amount ensures that if you are involved in an accident and damage someone else's property, you have sufficient coverage to pay for repairs or replacement up to this limit. Having adequate property damage liability coverage is crucial, as failing to meet this requirement can result in penalties and make you financially responsible for any damages exceeding your coverage.

Understanding this requirement not only helps you comply with state law but also protects you from potential legal and financial consequences in case of an accident. In New Mexico, it's essential for drivers to know and maintain at least this level of coverage to drive legally and responsibly.