Franklin Insurance Agency

2345 Southern Blvd SE Ste C4,
Rio Rancho, NM 87124, United States

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I Have Auto Insurance, Do I Need Motorcycle Insurance?

In New Mexico, motorcycle insurance is a requirement even if you already carry an auto insurance policy. The good news is that most motorcycle insurance policies are relatively affordable. The agents at Franklin Insurance Agency of Rio Rancho, NM are here to keep the process of finding the right policy as painless as possible.

The Basics of Motorcycle Insurance

As a general rule, motorcycle insurance is considerably less expensive than auto insurance. However, the exact cost of coverage will depend on the type of motorcycle you ride. Premium rates will also depend on your credit history and your driving record.

Coverage options for motorcycle insurance are pretty much the same as with car insurance. You will need to consider coverage for bodily injury, property damage, and accidental death.

Once you meet the minimum requirements for coverage in New Mexico, you can decide whether other available components meet your needs. For example, if you do not think it is necessary, you may opt-out of collision coverage. This is often the case for riders with older bikes that they do not feel are worth the price they pay for the coverage. Regardless of the coverage options that you choose, it is possible to find a quality policy that fits your particular budget.

If you are looking to find the right motorcycle coverage for your bike, contact Franklin Insurance Agency in Rio Rancho, NM. One of our helpful team members will be happy to assist you in finding the motorcycle insurance policy that comfortably fits into your current budget while providing the exact coverage that you need.

We are a family-owned business with more than 30 years of experience. Our highly trained experts are here to help with all of your coverage needs or answer any questions you have.