$20.93M State Farm New Mexico U Coverage class action settlement

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State Farm has agreed to pay $20.93 million to settle a class action lawsuit in New Mexico over allegedly illegal practices related to underinsured motorist coverage. The lawsuit claimed that State Farm improperly charged New Mexico policyholders illegal offsets when paying out underinsured motorist claims, which may have reduced the compensation drivers received after accidents. If you had State Farm auto insurance in New Mexico and filed an underinsured motorist claim, you may be entitled to compensation from this settlement. The settlement aims to reimburse policyholders who may have received less money than they were owed due to these alleged improper offset charges.

Who Is Eligible?

You may be eligible to file a claim if you:

Had State Farm auto insurance in New Mexico
Filed an underinsured motorist (UM) claim with State Farm
Had illegal offsets applied to your claim payment
Were a policyholder during the relevant time period (specific dates pending)

How Much Can You Get?

The total settlement fund is $20.93 million, which will be distributed among eligible class members. The exact amount each person receives will depend on factors such as the size of their original claim, the amount of the illegal offset, and the total number of valid claims submitted. Individual payouts have not been specified at this time.

How to File Your Claim

Filing your claim is quick and easy:

Gather your State Farm auto insurance policy information
Collect documentation of any underinsured motorist claims you filed
Look for records showing offset charges on your claim payments
Wait for official claim forms to become available (details pending)
Download the Class Action Buddy app to get notified when the claim form is ready and receive help filing your claim

💡 Easier way: File with Class Action Buddy

Skip the paperwork. Our app auto-fills your claim form with your saved profile and submits it electronically in under 2 minutes.

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Frequently Asked Questions

What is an underinsured motorist claim offset?

An offset is when an insurance company reduces your claim payment by deducting other amounts, such as payments from the at-fault driver's insurance. State Farm allegedly applied these offsets illegally in New Mexico.

How do I know if I had illegal offsets on my State Farm claim?

Review your claim documentation and payment records. Look for any deductions or reductions in your underinsured motorist claim payout. The settlement will help determine which offsets were improper.

When is the deadline to file a State Farm New Mexico settlement claim?

The filing deadline has not been announced yet. Settlement details are still being finalized. Use Class Action Buddy to get notified when claim forms become available.

Ready to File Your Claim?

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