American Hallmark Insurance Company of Texas has filed to lower New Mexico personal auto rates by an average of 5.53% before capping and 5.22% after capping.

The filing covers 2,475 policyholders and approximately $1.83 million in written premium. Its rate information exhibit reports a premium reduction of $101,346 before capping.

Hallmark’s analysis, based on experience through the second quarter of 2026, indicates an 11.37% decrease. The company selected a smaller reduction following its profitability review.

The revision updates base rates, territory factors, the prior Hallmark insurance discount, vehicle-to-driver factors and foreign driver’s license factors. It also revises renewal rate-change caps to −10% and +10%.

Individual impacts vary: the filing reports changes ranging from a 10% decrease to a 7.24% increase.

Submitted October 30, the filing requests effective dates of November 2, 2026, for new business and December 7 for renewals.