New Mexico Commercial Truck Insurance

Searching for commercial trucking insurance in New Mexico? Whether you have one truck or keep multiple commercial fleets, NITIC offers custom commercial truck insurance coverage for all. We have over 3 decades of experience delivering tailored trucking insurance solutions to our clients, an A+ rating with the BBB, and hundreds of 5-star Google reviews. At NITIC, you get the best value for the money you spend on your truck insurance.


Commercial Truckers in New Mexico Can Count on NITIC for All of Their Insurance Needs!

Protect your truck with a comprehensive policy.

It may seem difficult to insure your commercial truck, but once you comprehend the fundamental needs and possibilities, you’ll be on your way to safeguarding your trucking company, no matter how big or tiny or how young it is.

Every year, around 500,000 trucks are involved in accidents on American roads. Fortunately, the team of experts at NITIC who specialize in commercial truck insurance can help you through the procedure and cover you swiftly and inexpensively.

What Can NITIC Offer Truckers Like You?

Whether your vehicle is a member of a fleet or you operate it alone, the kind of insurance coverage may differ. One thing will never change, regardless of the type of coverage, you select our premium support, a wide range of discount alternatives, and unrivaled claim settlement rates. To learn more, speak with one of our insurance experts!

Areas we cover in New Mexico

We provide coverage for all New Mexico cities, including the following when it comes to commercial truck insurance:

Customers in these New Mexico cities can choose from a variety of discounts. For the best protection for your business, just give us a call.

Commercial Truck Insurance in New Mexico

Each state has minimum coverage levels for bodily harm or death liability and property destruction liability, and all states require trucks to be insured. You need sufficient commercial truck insurance in New Jersey to safeguard your trucking business from such accidents.

With NITIC, you can access the following coverages that will help you in running your trucking operations smoothly while providing excellent financial assistance in New Mexico:

Get in touch with us to learn more about any of the aforementioned coverages, and we’ll let you know how much it will cost to have it tailored to your company.

What types of trucks do we offer coverage in New Mexico?

When it comes to the sorts of trucks to insure for your company, we in New Mexico have the requisite experience. The many truck types for which we offer coverage are listed below:

Need a free consultation? Give us a call. We will be right back to you.

Why do you require Commercial Truck Insurance in New Mexico?

Your trucks are your best assets if you work in the transportation sector. Aside from protecting your truck, commercial truck insurance benefits your company in other ways as well. It has a lot of benefits. It not only protects your money but also upholds the reputation of your business. Having business vehicle insurance provides a lot of benefits in New Mexico, such as the following:

How Much Does Commercial Truck Insurance Cost in New Mexico?

The cost of commercial truck insurance in New Mexico varies depending on several factors, including the type of truck, the coverage limits, and the driver’s history. On average, premiums for commercial truck insurance in New Mexico range from $10,200 to $13,200 annually. For a dump truck, box truck, tow truck, or tractor trailer, liability insurance with a limit of $300,000 costs about $10,200 per year. Increasing the liability coverage to $500,000 raises the annual premium to approximately $11,200. For those seeking higher coverage, a $750,000 limit results in a premium of around $12,200 annually, while a $1,000,000 limit costs about $13,200 per year.

These costs can be influenced by additional factors such as the type of cargo being transported, the operating radius, and the driver’s experience and safety record. Trucks that operate over longer distances or haul hazardous materials may incur higher premiums due to the increased risk. It is also beneficial to consider factors like the company’s overall safety programs and the use of telematics, which can potentially lower premiums by demonstrating a commitment to safe driving practices. By carefully selecting coverage options and maintaining a clean driving record, truck owners in New Mexico can effectively manage and reduce their insurance costs.

Example New Mexico Commercial Truck Insurance Cost Estimate

The below scenario assumes a clean driving record. Your personal driving history will affect your New Mexico insurance cost and premium. See below for a more thorough list of factors that can influence your truck insurance premium. 

Limit of Liability
Dump Truck
Box Truck
Tow Truck
Tractor Trailer

New Mexico Truck Insurance Requirements

New Mexico commercial truck insurance requirements vary depending on the type of cargo being transported. For liability insurance, the minimum coverage limits are as follows:

  • $300,000 for household goods.
  • $750,000 for general freight.
  • $1,000,000 for oil transport.
  • $5,000,000 for hazardous materials (Hazmat).

In addition to liability insurance, cargo insurance is required for intrastate household goods movers and interstate contract carriers, with minimum coverage limits of $50,000 per vehicle and $50,000 per catastrophe.

These requirements ensure that trucking companies in New Mexico have adequate coverage to protect against financial risks associated with accidents and cargo loss. Compliance with these regulations is essential for legal operation and to provide peace of mind for both trucking companies and their clients.

New Mexico Commercial Truck Insurance Filings

In New Mexico, commercial truck insurance filings are required to ensure compliance with state and federal regulations. These filings help verify that trucking companies have adequate insurance coverage. Here are the key filings needed for commercial truck insurance in New Mexico:

USDOT Number: If your commercial truck operates in interstate commerce, you must obtain a USDOT number from the Federal Motor Carrier Safety Administration (FMCSA). This number tracks your company’s safety record and compliance with federal regulations.

MCS-90 Endorsement: The MCS-90 endorsement is a federal requirement for motor carriers operating in interstate commerce. It certifies that the carrier has the minimum required liability insurance coverage as mandated by federal law.

Form E: This is a state-specific filing required by the New Mexico Public Regulation Commission (NMPRC). Form E verifies that the motor carrier has obtained the minimum liability insurance coverage required by New Mexico state law.

Form H: Form H is required by the NMPRC for carriers operating intrastate within New Mexico. It provides proof of compliance with the state’s cargo insurance requirements.

BMC-91 or BMC-91X: These forms are required by the FMCSA for interstate motor carriers to provide evidence of liability insurance coverage. The BMC-91X form is specifically for multiple policies covering the required liability.

BMC-34 or BMC-83: These forms provide proof of cargo insurance coverage for interstate motor carriers. They are required by the FMCSA to ensure that motor carriers have adequate insurance to cover the value of the cargo they transport.

Form F: This is required for intrastate carriers to show proof of compliance with New Mexico’s financial responsibility requirements for cargo insurance.

New Mexico Weight Distance Tax Permit: While not an insurance filing, this permit is necessary for commercial trucks operating in New Mexico. It requires proof of insurance and payment of taxes based on the weight and distance traveled in the state.


Sheri is the best customer service rep around. Very pleasant and very informative.