Pulse aqui para traducion en Espaņol.
What is "Mandatory
Insurance"?
Why isn't my
insurance on file? I provided it at the time I registered my vehicle.
What happens if I don't get insurance?
I don't have automobile insurance. What do I need to do?
I have automobile insurance and received this letter by
mistake. What do I need to do?
The VIN on my insurance policy does not match the VIN on my
vehicle. What do I need to do?
The VIN on the registration does not
match the VIN on my vehicle. What do I need to do?
My vehicle is covered under a fleet or commercial policy.
What do I need to do?
My vehicle is registered in New Mexico, but I am living
out of state because I'm in the military, working out of state, or away
attending school. Do I still need to buy insurance for New Mexico?
Will my out of state insurance be acceptable in New
Mexico?
My vehicle is being restored or in storage and I cancelled
my insurance. What do I need to do so my registration is not suspended?
I no longer own the vehicle. Do I need to contact anyone to
let them know?
I received a notice that my registration will be suspended...why?
How can I clear a registration suspension?
When I provide proof of insurance, when will my registration
be reinstated?
.
What is "Mandatory Insurance"?
Drivers are required to operate motor vehicles with a minimum of liability
insurance. Minimum liability amounts required in New Mexico are: $25,000 for
bodily injury or death to one person in any accident, subject to this limit for
one person; $50,000 for bodily injury to or death of two or more persons in one
accident; $10,000 for injury to or destruction of property of others in any one
accident; Or if evidence is in the form of a surety bond or a cash deposit, the
total amount shall be $60,000 on deposit with the New Mexico State Treasurer.
Why isn't my insurance on file? I provided it at the time I
registered my vehicle.
With the development and implementation of the New Mexico Insurance
Identification Database, the State no longer relies upon insurance information
it may have collected at the time of vehicle registration. Your insurance
company must report your insurance information electronically for your vehicle
to be identified as insured on the IIDB. Once reported your vehicle's
registration should be updated the following business day.
What happens if I don't get insurance?
Vehicles that do not have the minimum liability insurance are subject to having
that vehicle registration suspended. Effective October 9, 2002 registration of
your vehicle(s) may be denied or delayed until insurance is obtained. Further,
pursuant to § 66-5-230 of the Mandatory Financial Responsibility Act, an
owner of an uninsured vehicle must return the vehicle registration and the
license plate evidencing such registration to the Motor Vehicle Division within
ten (10) days of receipt of the Notice of Suspension of Registration letter or
be subject to the penalties prescribed by law, including criminal penalties.
I don't have automobile insurance. What do I need to do?
You must obtain automobile liability insurance from an insurance company that
is licensed to do business in the State of New Mexico. Once you obtain
insurance, your insurance company will electronically notify the IIDB of your
coverage.
I have automobile insurance and received this letter by
mistake. What do I need to do?
If you currently have insurance on the vehicle(s) listed on the letter then
there are several possibilities as to why you received this letter. The most
common reason is that the information listed on your insurance policy does not
match the information listed on your vehicle(s) registration. Another
possibility is that the insurance policy that the vehicle is covered by is not
a New Mexico policy and therefore is not being reported by the insurance
company. Finally the vehicle(s) may be covered by a fleet or commercial policy,
if that is the case then those policies do not report all of the vehicles
covered under them.
The VIN on my insurance policy does not match the VIN on my
vehicle. What do I need to do?
If the VIN on the insurance policy does not match the VIN on the vehicle, you
will need to contact your insurance agent and give them the correct VIN to
update their records. The insurance agent then may provide temporary proof of
insurance through the website and should report the correct policy info
electronically to the IIDB.
The VIN on the registration does not match the VIN on my
vehicle. What do I need to do?
If the VIN on your vehicle is different than what is on your registration then
you will need to have the title and registration corrected. If you live in the
state of NM then you will need to take the vehicle, title and registration to a
local MVD office for a VIN inspection. on your vehicle. Once you receive you
VIN inspection, you will need to contact the MVD at (505) 383-2315. If you live
outside the state of NM, you will need to get a VIN inspection by a State
Police Officer in the state you are residing in. Mail the VIN inspection along
with a copy of your registration and title with a written request and a phone
number in case we need to reach you. Mail those forms to: MVD Financial Responsibility Section
505 Marquette NW Suite 1500,
Albuquerque, NM 87102.
My vehicle is covered under a fleet or commercial policy.
What do I need to do?
If your vehicle is covered by a fleet or commercial policy that is not vehicle
specific then you will need to contact your insurance agent and give them the
name that is listed on the letter along with the vehicle information so they
can access the program website and identify the vehicle as insured under a
commercial policy
My vehicle is registered in New Mexico, but I am living out
of state because I'm in the military, working out of state, or away attending
school. Do I still need to buy insurance for New Mexico?
Yes, in order to show as insured you must submit to the IIDB Call Center proof of insurance.
Your vehicle will then be identified on the database as insured for the term of your policy.
You will need to submit your policy each time it renews with an out of state insurance provider
as long as your vehicle registration remains in New Mexico.
Affidavit of Non-Use
If you drive the vehicle and it is not insured, you are subject to license
plate confiscation and a citation for no proof of insurance. Make sure that
when you drive the vehicle in New Mexico, you have proof of automobile
liability insurance in your possession.
Will my out of state insurance be acceptable in New
Mexico?
Yes. Out of state insurance is acceptable in New Mexico only if it meets New
Mexico's minimum liability requirements, which are: $25,000 for bodily injury
or death of one person in any one accident; $50,000 for bodily injury or death
of two or more persons in any one accident; $10,000 for injury to or destruction
of property of others in any one accident. You must submit to the IIDB Call Center
proof of insurance. You will then be reflected on the database as insured for the
term of your policy. You will need to submit an updated proof of insurance each
time you renew that policy with an out of state insurance provider as long as your
vehicle registration remains in New Mexico.
Affidavit of Non-Use
If you drive the vehicle and it is not insured, you are subject to license
plate confiscation and a citation for no proof of insurance. Make sure that
when you drive the vehicle in New Mexico, you have proof of automobile
liability insurance in your possession.
My vehicle is being restored or in storage and I cancelled my
insurance. What do I need to do so my registration is not suspended?
If you cancel your insurance for the period of time your vehicle is not being
driven, you must submit to the IIDB a signed, completed Affidavit of
Non-Use Insurance of this vehicle. Your registration will be
reflected as unknown for insurance status purposes, but you will incur no
penalty as long as you do not drive the vehicle on New Mexico roads. You must
complete the Affidavit at least annually.
Prior to driving this vehicle on New Mexico's roads you must obtain adequate
insurance and have your insurance agent update your insurance information on
the program website (www.driveinsured.com)
or contact the IIDB Call Center at the toll free number 866-891-0665 for more
information. Once your insurance information has been updated, your vehicle
should be in the IIDB and identified as insured. If you take no action on the
warning letter you receive from the IIDB and your vehicle registration is
suspended, you must now purchase insurance, have it reported to the IIDB, and
you must reinstate the registration for your vehicle. The reinstatement fee for
a suspended registration is $25.00 plus a $5.00 administrative fee.
I no longer own the vehicle. Do I need to contact anyone to
let them know?
Yes. If you no longer own this vehicle please indicate this on the letter, sign
and date the letter and mail it to the MVD Financial Responsibility Section at 505
Marquette NW Suite 1500 Albuquerque, NM 87102. If you have additional questions or need more information, please
contact us at 1-866-891-0665.
I received a notice that my registration will be suspended. Why?
The New Mexico Insurance Identification Database identified your vehicle as not
having insurance through a New Mexico licensed insurance company. You were sent
a notice advising you of this fact and requesting you to work with your
insurance agent or company to provide the IIDB with the needed proof of
insurance. You may not show as insured on the IIDB for a number of reasons,
such as: the vehicle does not have insurance coverage; the vehicle is insured
by an insurance company not licensed to do business in the State of New Mexico;
the insurance company has not properly reported insurance coverage for the
vehicle; or the vehicle identification number (VIN) may be incorrect on the
Motor Vehicle Division's records.
How can I clear a registration suspension?
Obtain adequate insurance and have your insurance agent update your insurance
information on the IIDB website www.driveinsured.com or contact the IIDB Call
Center toll free 866-891-0665 for more information. After proof of insurance
has been received by the IIDB, your vehicle registration should be eligible for
reinstatement the following business day. The reinstatement fee for a suspended
registration is $25.00 plus a $5.00 administrative fee.
When I provide proof of insurance, when will my registration be
reinstated?
After proof of insurance has been received electronically by the IIDB, your
vehicle registration should be eligible for reinstatement the following
business day. Please wait a minimum of 24 hours from when your insurance agent
updates the database, before going to the MVD Customer Service center to
reinstate your vehicle registration. The reinstatement fee for a suspended
registration is $25.00 plus a $5.00 administrative fee.
|
Insurance Companies 
