Franklin Insurance Agency

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

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Insurance Tips for Vintage Motorcycle Owners

Essential Insurance Tips for Vintage Motorcycle Owners in Rio Rancho, NM

Owning a vintage motorcycle is an exhilarating experience. Nevertheless, it presents unique insurance considerations. At Franklin Insurance Agency, serving the greater Rio Rancho, NM area, we are here to offer some crucial tips for vintage motorcycle owners:

Specialized Coverage

Vintage motorcycles often necessitate specialized insurance coverage. This is tailored to their unique value and historical significance; standard motorcycle insurance won’t adequately protect rarities and valuables.

Agreed Value Policy

You should consider an agreed-value policy over an actual cash-value one. This type of insurance ensures that an agreed-upon amount will be paid in the event of a total loss.


To determine its genuine value, obtaining a professional appraisal for your vintage motorcycle is important. This report is critical when negotiating coverage options with your insurance provider.

Mileage Restrictions

Some vintage motorcycle insurance policies might come with mileage restrictions. Understanding any limitations on your bike’s usage is essential to shape your coverage needs.

Safety and Security Measures

Installing anti-theft devices, alarm systems, and GPS tracking devices adds an extra layer of protection and can also help lower your insurance premiums.

Rider Qualifications

Ensure your vintage motorcycle policy covers all potential riders. Some policies might implement age or experience prerequisites for insured riders.

Protecting your vintage motorcycle with the right insurance coverage is instrumental in safeguarding your investment and providing peace of mind. For a personalized approach and comprehensive coverage solutions in the greater Rio Rancho, NM region, contact the team at Franklin Insurance Agency today.

What are common motorcycle insurance exclusions?

New Mexico law requires motorcycle operators to show proof of responsibility by, for example, providing evidence of insurance meeting the minimum requirements for property and bodily injury. Of course, many additional forms of coverage are available to motorcycle owners, but violating your policy terms may result in not being covered for an accident. To discuss insurance exclusions or other aspects of motorcycle insurance, the Franklin Insurance Agency team serving Rio Rancho, NM, is here to help.

Common Motorcycle Insurance Exclusions

Insurance exclusions are provisions in your policy that eliminate coverage under certain circumstances. Typically, exclusions address unsafe uses, behaviors, equipment, or other factors that increase the risk or severity of an accident and the resulting losses. Motorcycle insurance exclusions vary by policy and the coverage purchased, but typical exclusions are damages and injuries that occur while:

  • Racing or riding in an organized race, whether on a temporary or permanent racetrack
  • Committing a criminal act
  • Acting as an employee or for hire, such as delivering products or transporting passengers
  • Riding recklessly or during an act of intentional act to damage property or hurt others or yourself
  • Under the influence of alcohol or controlled substances such as cocaine, marijuana, or narcotics
  • Lending your motorcycle to another driver not named in your policy.

Your policy details each exclusion, so we recommend you review each with your agent to ensure you understand them and the steps needed to ensure compliance while riding. Compliance also helps ensure you operate your motorcycle safely and responsibly.

Working With Franklin Insurance Agency

If you live in or near Rio Rancho, NM, the friendly team at Franklin Insurance Agency is ready to address all your motorcycle and other insurance needs. So, give us a call or stop in to see us today.

Things You Should Know About Motorcycle Insurance Before Purchasing It

Being a lucky motorcycle owner is not enough. It would be best if you also thought about how to protect your precious vehicle, and having proper motorcycle insurance is one of the best ways to do it. Finding motorcycle insurance based on your needs and budget is challenging. If you are currently shopping for motorcycle insurance, here is what you need to know:

What Do You Need to Know About  Motorcycle Insurance?

Here is a list of the most important facts about motorcycle insurance:

  • Auto insurance does not cover your motorcycle. Many people mistakenly believe they do not need motorcycle insurance if they already have auto insurance. The truth is that auto insurance covers your car only. If you also have a motorcycle, you must purchase separate insurance. 
  • The cost of your motorcycle insurance depends on certain factors. The three main factors affecting the cost of your insurance are who you are, what type of motorcycle you have, and where you live. 
  • Motorcycle insurance does not cover everything. It is important to know that not all types of accidents are covered by motorcycle insurance. The following situations are not covered: racing or operating a bike without registration or proper license, riding while being under the influence, and others. 

Trustworthy and Reliable Insurance Company in New Mexico

Are you shopping for motorcycle insurance in Rio Rancho, NM, or Albuquerque? Do you want an insurance policy to cover your motorcycle and protect you on the road? Franklin Insurance Agency is here to help you. We specialize in various types of insurance, including motorcycle insurance as well. We are ready to help you find a perfect policy based on your personal needs and budget. Do not hesitate to contact us – we are here for you. 

Protecting Your Bike in New Mexico’s Winter Rain and Snow

New Mexico’s coldest months, December and January, require bike storage. These rainy and snowy months inundate the typically arid state, and temperatures drop to the 20s and 30s Fahrenheit. This means bike owners need to park in a garage or storage building.

Franklin Insurance Agency explains the most secure and warm places in Rio Rancho, NM, where you can park your bike for winter.

Park Your Bike in Your Home’s Garage

While a bike cover works excellently in spring to cover your motorcycle, to avoid damage during winter’s harsh conditions, park your bike in your home’s garage during the coldest months. Either an attached or detached garage keeps it locked up tight and warm. Before you park it for the cold season, double-check the garage insulation. If the room doesn’t already have central heat and air or its own heater, purchase and install one, even if it’s a space heater. Use this to keep the garage’s temperature at least in the 50s.

Rent a Storage Unit

Most locations offer at least one storage facility with large rooms to serve as a garage. Typically, these units contain a roll-up garage door and can accommodate a bike and car. If you own a condo, your condo association might provide each condo owner with a storage unit. If it isn’t climate-controlled, add a space heater to keep the bike warm enough. Climate-controlled facilities usually refer to a complex that heats and cools its storage units. A climate-controlled unit typically maintains a temperature of about 70F to 80F during summer but temps of about 56F to 66F during winter.

Renting a Garage Space

Large-scale parking garages rent parking spaces to bike and trike owners, just as they do car owners. For the motorcycle to remain safe, you’ll need a covered, enclosed space that’s heated. A monitored parking facility provides the most secure option.

Contact Franklin Insurance Agency for motorcycle insurance to protect your bike on the road. Park it safely during Rio Rancho, NM’s chilly winters.

What Is And What Is Not Covered By Motorcycle Insurance?

Riding a motorcycle is a fun but dangerous activity, and it should be taken seriously. Every day, there are hundreds of motorcycle accidents happening in the world. Even though you cannot protect yourself from a motorcycle accident having motorcycle insurance is a smart way to protect yourself on the road. If you have any questions about this type of insurance, Franklin Insurance Agency serving clients in Rio Rancho, NM prepared a list of what is and what is not covered by motorcycle insurance:

What Is And What Is Not Covered By Motorcycle Insurance

Here is what is usually covered by motorcycle insurance:

  • Damages to a motorcycle 
  • Injury to yourself if you are involved in a road accident with an uninsured vehicle. 
  • Such unexpended events as theft or vandalism will be also covered by standard motorcycle insurance.

However, unfortunately, standard motorcycle insurance will not cover: 

  • Track days and competition. There are some motorcycle insurance policies that will cover truck days but not all of them. Make sure to ask your insurance agent about the coverage they provide. 
  • Commercial use of your motorcycle. Some people use their vehicles for commercial purposes. For example, a person may use a motorcycle to use as a courier. In this case, motorcycle insurance does not cover a motorist and motorcycle. 

 If you are a lucky owner of a motorcycle in Rio Rancho, NM or any other nearby town, and you are looking for motorcycle insurance, Franklin Insurance Agency will be glad to help you. If you have any questions about the options available, feel free to give our insurance agency a call – our insurance agents will provide you with all the necessary information. 

Why should I get a motorcycle insurance plan in New Mexico?

In the Rio Rancho, NM area, people are able to enjoy the hot sun and open roads when going for a drive. This can make it a fun place for you to own a motorcycle. If you do own a motorcycle here, you will have an efficient mode of transportation that can be used much of the year. However, you will need to get a motorcycle insurance plan in place if you do get one. There are several reasons why you should get a motorcycle insurance plan here.

Insurance Protects Against Liability

An important reason that anyone in this area of New Mexico should get motorcycle insurance is that it can protect against liability risk. If you are going to operate a motorcycle, you could make a mistake that leads to an accident that results in damages. If this happens to you, it will be beneficial to have motorcycle coverage as it will have protection against liability risk.

Protection for Asset

You will also want to get motorcycle insurance as it can protect your asset. If you invest in a motorcycle and want to use it for a long time, you should get a collision and comprehensive policy. This form of coverage will provide protection in the event your motorcycle is stolen or damaged. This coverage will also be required if you took out a loan to buy the motorcycle. 

When you are shopping for motorcycle insurance coverage in the Rio Rancho, NM area, it would be a good idea for you to call Franklin Insurance Agency. The insurance team with Franklin Insurance Agency understands the value of motorcycle coverage. They can help you assess your individual needs and explain all of your options. This can help to ensure you are able to build a quality motorcycle insurance plan. 

Is Motorcycle Insurance Required in New Mexico?

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.

Uninsured/Underinsured Coverage

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.

Motorcycle Insurance: 3 Things You Should Know

As with all other forms of transportation, owning a motorcycle requires that you also purchase an insurance policy. For residents of Rio Rancho, NM, the following is an overview of 3 things you should know about motorcycle insurance.


One of the top things you need to know about motorcycle insurance is that liability-only coverage is relatively cheap. One of the least expensive ways to make sure your vehicle is covered, if you are a safe driver and not concerned with being involved an accident, you can purchase this coverage at a very reasonable price.

More Coverage

While purchasing liability-only coverage may be tempting, it is often not enough. Liability only is the best way to cover yourself in case you do happen to cause an accident. However, it is also likely that you could be involved in an accident that is the fault of the other driver. In these cases, you would have no coverage at all and if the other driver happens to have insufficient coverage, this could leave you in a terrible predicament.

Make Sure You Have Medical Coverage

Although no one wants to think about being in an accident, sometimes, these things are unavoidable. Moreover, given that riding a motorcycle makes you more susceptible to becoming physically injured, you need to make sure you are covered in case the unthinkable happens. Your motorcycle insurance may provide some coverage but the best way to make sure your medical bills will be paid is to buy your own medical and/or life insurance policies.

Overall, for residents of Rio Rancho, NM, Franklin Insurance Agency is an excellent option for purchasing motorcycle insurance. Simply call or visit the Franklin Insurance Agency office today to find out which type of policy works best for your needs.