In New Mexico, the reporting requirements for traffic accidents mandate that drivers must report any accident resulting in injury, death, or property damage exceeding $500 to the local police department, county sheriff, or the New Mexico State Police immediately. Failure to report such accidents can lead to legal consequences. Additionally, drivers involved in an accident must exchange information, including names, addresses, and vehicle registration details. It’s crucial to document the scene and gather witness statements if possible. For comprehensive guidance, consulting the New Mexico Department of Transportation or a legal expert is advisable.