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Deadline: July 2, 2026

State Farm UIM Settlement 2026 -- New Mexico Policyholders Can File by July 2

By eosguide team · Last updated April 22, 2026

State Farm UIM Settlement 2026 -- New Mexico Policyholders Can File by July 2

New Mexico State Farm policyholders: a class action settlement over UIM coverage disclosures offers up to 21% of premiums paid back. File by July 2, 2026. Turns out the offset explanation was also covered -- just not by State Farm.

Deadline: July 2, 2026
File Your Claim →
Applies to New Mexico
Main deadline July 2, 2026
Benefit Up to 21% of UIM premiums paid between 2010 and 2021
Official site https://www.schwartzuimclasssettlement.com

What happened

Class period: January 1, 2010 through December 31, 2021

  • A class action lawsuit -- Schwartz v. State Farm Mutual Automobile Insurance Company, et al., U.S. District Court for the District of New Mexico, Case No. 18-CV-000328-KWR-SCY -- alleges that State Farm Mutual Automobile Insurance Company, State Farm Fire and Casualty Company, and State Farm General Insurance Company violated New Mexico law in connection with the sale of the underinsured motorist (UIM) component of Uninsured and Unknown Motorist Coverage, known as "U Coverage"
  • The core allegation: State Farm did not explain at the time of sale the offset procedures required under New Mexico law -- known as "Schmick Offsets" -- when a UIM claim is adjusted
  • Additional legal claims include negligence, misrepresentation, violations of New Mexico's Unfair Trade Practices Act and Unfair Insurance Practices Act, and breach of the implied duty of good faith and fair dealing
  • State Farm denies all wrongdoing and no court has found otherwise; the parties have agreed to settle to avoid the cost and risk of continued litigation
  • The settlement class is limited to New Mexico policyholders only

What you can get

Cash payment

Up to 21% of premiums

For minimum limits U Coverage purchased 2010--2021 Cash payment

Key dates

Action Date What it means
Claim deadline July 2, 2026 Last day to file a claim
Opt out May 18, 2026 Keep your right to sue separately
Object May 18, 2026 Tell the court you disagree
Final hearing June 8, 2026 at 9:00 a.m. -- Judge Kea W. Riggs, Pete V. Domenici U.S. Courthouse, 333 Lomas Blvd NW, Suite 670, Albuquerque, NM 87102. Date and format subject to change; check the official site for updates. Judge decides whether to approve

Who may qualify

  • Were insured under a New Mexico State Farm insurance policy that included U Coverage at any point between January 1, 2010 and December 31, 2021
  • Received a settlement notice by email or mail from the Settlement Administrator
  • Have not separately filed suit against State Farm over a Schmick Offset, and have not signed a prior release of those claims

How to file

  1. Go to schwartzuimclasssettlement.com and click "Start Your Claim"
  2. Log in using the Unique ID and PIN from the settlement notice you received by email or mail
  3. Complete and submit the Claim Form online -- you will receive a confirmation code by email
  4. Alternatively, download the Claim Form from the Documents page, fill it out, sign and date it, and mail it to the Settlement Administrator at P.O. Box 4359, Portland, OR 97208-4359

Proof required

  • Unique ID and PIN from the settlement notice received by email or mail If you lost your notice or did not receive one, call the Settlement Administrator at 1-877-748-7791 for assistance

Payment timing

Payments will be distributed after the court grants final approval of the settlement and any appeal period expires. Payment method not yet specified -- check the official site for updates.

Important links

Contact

Phone: 1-877-748-7791 (Toll-Free)
Mail: Schwartz v. State Farm, Settlement Administrator, P.O. Box 4359, Portland, OR 97208-4359

Extra details

Schwartz v. State Farm, Settlement Administrator, P.O. Box 4359, Portland, OR 97208-4359

Go to official website (deadline: July 2, 2026) Browse more guides

FAQ

Who qualifies for this settlement?
You may qualify if you were insured under a New Mexico State Farm insurance policy that included U Coverage (Uninsured and Unknown Motorist Coverage) at any point between January 1, 2010 and December 31, 2021. If the Settlement Administrator sent you a notice by email or mail, you are likely a class member.
How much money could I receive?
Eligible class members may receive up to 21% of premiums paid for minimum limits U Coverage, or up to 13% of premiums paid for non-minimum limits U Coverage, for policies between 2010 and 2021. If total valid claims exceed the $20,925,000 settlement cap, all payments will be reduced proportionally.
What is the deadline to file a claim?
Claim forms must be submitted online or postmarked by July 2, 2026.
What do I need to file?
You will need the Unique ID and PIN from the settlement notice you received by email or mail. If you lost your notice or never received one, call the Settlement Administrator at 1-877-748-7791.
What if I want to opt out or object?
Both the opt-out deadline and the objection deadline are May 18, 2026. To opt out, mail a signed written exclusion request to the Settlement Administrator by that date. To object, file a written objection with the court and mail copies to Class Counsel and State Farm's counsel, also postmarked by May 18, 2026. Note: you cannot both opt out and object.
When will payments be sent?
Payments will be issued after the court grants final approval and any appeal period closes. The Final Fairness Hearing is scheduled for June 8, 2026. Check the official site for timing updates.
What if I do nothing?
If you do nothing, you will not receive any payment -- and you will still be bound by the settlement, giving up your right to sue State Farm separately over these claims. Filing takes a few minutes. The math on "do nothing" doesn't improve with time.
Use the official website Always confirm details on the official site. If something feels off, stop and verify before sharing personal info.

Info only. Verify details on the official site. Not legal, financial, or tax advice. Legal

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