Diminished value · New Mexico

2022 Kia Sorento diminished value in New Mexico

A 2022 Kia Sorento with typical mileage (~54,000 mi) carries an estimated 17c diminished-value range of $251–$502 on a pre-accident value around $20,922. Whether you recover it in New Mexico depends on the deadlines and rules below.

New Mexico deadlines and regulator

Statute of limitations:
4 years (property damage) · 3 years (personal injury)
Regulator:
New Mexico Office of Superintendent of Insurance
Consumer line:
(505) 827-4601

New Mexico rules that shape a claim like this

  • Pure comparative fault — recover regardless of fault percentage
  • 3-year statute of limitations for personal injury and property damage
  • Mandatory auto insurance: 25/50/10 minimum liability

New Mexico Office of Superintendent of Insurance regulates the insurance industry and provides consumer assistance. New Mexico follows pure comparative fault, allowing recovery even when primarily at fault.

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