Your knees to the sky and the wind in your hair are two of the feelings of freedom riding on your motorcycle can provide you with, but to truly feel that sense of freedom, you need peace of mind. To achieve that, you need to make sure your beloved motorcycle is adequately insured, and for riders in New Mexico, there are minimum requirements you must meet to ride your bike legally.
Minimum Requirements for Motorcycle Insurance for New Mexico Riders
In New Mexico, you must purchase liability insurance that will cover others if you have an accident that causes an injury to someone or damage to someone’s property. The state-mandated requirements dictate that you must have at least $25,000 of bodily injury coverage per person, $50,000 of bodily injury per accident, and $10,000 property damage per accident. After you meet the minimum requirements, you can decide, with the help of a trusted motorcycle insurance agent, as to other coverage options you may want to obtain.
Other Motorcycle Insurance Coverage Options.
This type of coverage will provide financial protection for you and your passengers if you are involved in a crash with a motorist who has no insurance or not enough insurance to cover injuries to you or your passenger.
Collision and Comprehensive Coverage
Your lender may require collision insurance if you have borrowed the money to purchase your motorcycle, and even if you are not required to have it, this type of policy will provide you with more peace of mind. It covers any damage your motorcycle sustains if you are involved in a collision with another vehicle if you fall off your cycle, or your cycle is damaged by debris or another object while out to the roadway.
Comprehensive insurance will cover your cycle if it suffers damage from vandalism, a fire, or natural disaster. This type of policy will also cover your motorcycle if it is stolen.
To determine the best coverage options for you and your motorcycle, visit an insurance agent you can trust who has experience with motorcycle insurance, such as the motorcycle insurance experts at the Franklin Insurance Agency in Rio Rancho, NM.