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Car Accident Damages and Compensation in New Mexico: Economic Vs Non-Economic

Car Accident Damages and Compensation in New Mexico: Economic Vs Non-Economic
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Last Modified on Apr 27, 2026

After being in a crash, victims typically want to understand whether or not pursuing a legal case is worth it. The first step in any case is to hire a car accident lawyer to explain the state laws surrounding car accident damages and compensation in New Mexico. They can offer their honest advice about the details of your unique case.

Hire a Car Accident Lawyer Today

Founding partner Rachel Berenson of Berenson & Associates, PC has over 25 years of experience helping New Mexico residents in various personal injury cases. We understand that no two cases are the same, and each client has unique needs and goals for their case. Our mission as a law firm is to provide custom legal care to every new client that comes into our Albuquerque office.

Damages in New Mexico Car Accident Cases

Residents of New Mexico use major interstates for daily commuting, including Interstate 10, Interstate 25, and Interstate 40. In 2024, there were 45,042 car accidents across New Mexico. Of these crashes:

  • 408 were fatal accidents
  • 13,244 accidents led to an injury
  • 31,390 crashes caused only property damage

When people survive a car crash, their personal expenses can quickly escalate. Paying for medical treatment, damage to your vehicle and personal items, and missing work can put survivors in debt. Luckily, New Mexico offers survivors the option to pursue a legal case to recover the compensation they need to move forward after their crash. There are two main types of damages that can be requested. These include economic and non-economic damages.

Economic Damages

Economic damages help victims recover money for their financial losses. They are generally easy to calculate, since the expenses they cover have clear price tags. You can request compensation to recover money for:

  1. The extent of your past, present, and future medical bills, including surgeries, medications, physical therapy, and mental health counseling.
  2. The income you’ve lost due to missing work because of your injuries
  3. Damage to your vehicle and other personal belongings, such as your cell phone, laptop, jewelry, bag, and clothing

Non-Economic Damages

These damages are more subjective and can be trickier to calculate. They are based on a victim’s nonfinancial losses. You can request compensation to help you recover money for:

  1. Your pain and suffering
  2. Loss of enjoyment of life

Punitive Damages

You may be able to request a specific third type of damage, depending on what happened during the car accident. If the at-fault driver acted with extreme malice or negligence, they may have to pay extra compensation on top of economic and non-economic damages.

For example, if the driver who hit you during the crash was drunk driving or intentionally hit you, the court may award you punitive damages. This type of damage was designed to further punish the responsible party and deter them from committing similar acts in the future.

Don’t Wait: Hire Berenson & Associates, PC to Represent You

The legal professionals at Berenson & Associates, PC, are ready to listen to the full details of your case. Contact our office in Albuquerque today to schedule a confidential consultation with one of our team members and learn how we can assist you during this challenging time.

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