No, personal injury protection (PIP) is not required in New Mexico. PIP is not even available in New Mexico. Instead of PIP insurance, New Mexico insurance companies offer medical payments insurance (sometimes called MedPay), which helps with hospital bills resulting from a car accident.
MedPay is similar to PIP insurance in that both handle your medical bills even if you cause a car accident. But MedPay covers less than personal injury protection, with no provisions for lost wages or assistance with home tasks that you can’t manage due to injury.
Personal injury protection is a type of car insurance used in no-fault states, since it covers medical payments regardless of who caused an accident. New Mexico is an at-fault state, which means at least one driver is found to be “at fault” after a collision. Due in part to the differences in car insurance laws, the average cost of insurance in New Mexico – $1,508 – is average compared to most PIP states and other non-PIP states.
PIP required? | No, PIP is not required |
MedPay required? | No |
State accident laws | At-fault |
Annual cost of insurance | $1,508 |
National cost ranking (1=cheapest) | 19 |
This answer was first published on 04/03/20 and it was last updated on 04/08/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
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