What are New Mexico's RV insurance requirements?
Class A, Class B, and Class C motorhomes are independent vehicles capable of moving under their own power, so they need to carry the same minimum liability coverage as cars do:
- $25,000 in bodily injury per person
- $50,000 in total bodily injury per accident
- $10,000 in property damage per accident
Non-motorized trailers, such as fifth-wheel and pop-up trailers, would fall under the liability coverage of the automobile policy for the vehicle that's towing them. That said, you need comprehensive and collision coverage to protect against damage to your travel trailer. Comprehensive and collision coverage on the towing vehicle’s insurance policy won't cover your trailer.
The cost of RV insurance shouldn't cut into your love of taking a motorhome or pop-up trailer out on the road. Get an online quote to find out how easy it is to get coverage for any size of RV.
What's included in a New Mexico RV insurance policy?
Bodily injury and property damage liability coverage
Bodily injury and property damage are liability coverages that can pay for expenses if you're deemed at fault for an accident. These expenses can include medical bills, repair bills, and even legal fees. Despite what minimum coverage limits are available to you, you can choose higher limits depending on what would appropriately protect your assets in the event of an accident.
Comprehensive and collision coverage
Comprehensive and collision are two forms of physical damage coverage that can pay for repairs to your own vehicle in the case of an accident, regardless of who's at fault. They aren't required by law but are required by many lenders. If you're still making payments on your RV, check the details of your loan or lease to see what your lender requires.
Collision coverage can pay for damage to your RV resulting from accidents with another object, such as a vehicle, tree, or guardrail.
Comprehensive coverage can pay for damage to your RV caused by events beyond your control like vandalism, extreme weather, fire, and collisions with animals.
What if I live in my RV full-time?
If you intend to live in your RV, you may need protection beyond what a standard RV policy offers. Here's how full-time RV insurance policies differ from recreational policies:
- Personal liability: The required minimum liability coverage only protects your RV while you're driving. If you live in your RV, personal liability coverage can pay for damage you cause others while the RV is parked.
- Loss assessment: Coverage that can pay for costs to repair the property where your vehicle is parked.
- Medical payments: Like medical coverage on a homeowners or renters policy, this coverage can pay for medical bills if someone gets hurts in your RV or the area around it.
Other RV coverages available in New Mexico
You can customize your RV coverage to create the policy that's right for you, with optional Progressive coverages like:
Emergency expense coverage can pay for travel and hotel costs if your RV is inoperable due to a covered event when you're more than 50 miles from home.
Total loss replacement pays for the cost of a brand-new RV if yours is totaled in a covered incident.
Pet coverage can pay for up to $1,000 in veterinary expenses if your pet is injured in a covered accident.
Roadside assistance can pay for a tow to the nearest repair shop if your RV gets a flat tire or otherwise breaks down.
Pest Damage Protection℠ can help pay for repairs when a wild animal like a bird or raccoon damages your RV.**
Replacement cost/personal effects can help pay to repair or replace belongings in the RV that have been lost or damaged during a covered incident.
Roof Protection Plus® can pay to replace or repair the damaged roof of your motorhome, even if the damage is the result of normal wear and tear.**
Learn about all our available RV insurance coverage options.
How much is RV insurance in New Mexico?
Several factors go into determining the cost of New Mexico RV insurance rates, including (but not limited to) the following:
- Claims history: Your history of making insurance claims can affect your rates.
- Use: The more you use your RV, the more you're likely to pay to insure it.
- Type and model: Bigger, newer RVs are generally more costly to insure than older, smaller ones.
Learn more about how RV insurance rates are calculated.
How can I get lower rates for RV insurance in New Mexico?
These are some of the Progressive discounts that may be available to you:
- Homeowner: Owning a home, condo, or single- or double-wide will lower your rates even if you don't insure that home with Progressive.
- Original owner: Earn a discount if you're the vehicle's first owner.
- Multi-policy discount: Bundling multiple Progressive policies can help you save.
- Accident-free: A clean driving record for the last three years can lower your rate.
Find out more about all the RV insurance discounts we offer.