Franklin Insurance Agency

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

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Servicing States

New Mexico

Motorcycle Insurance in New Mexico

New Mexico Motorcycle Insurance

It is extremely enjoyable to explore the open roads and magnificent scenery of New Mexico on your motorcycle! But before you do so, it's necessary to purchase the insurance New Mexico requires for motorcyclists. Franklin Insurance Agency in Rio Rancho, NM can make sure you have the coverage you need to keep you financially secure while you ride.

Here are the insurance requirements listed by the New Mexico Department of Motor Vehicles:

Liability Insurance

The motorcycle driver must either show proof of financial responsibility by paying cash or a surety bond of $60,000 or purchasing liability insurance. The liability insurance must cover the following minimum amounts: $10,000 for property damage per each accident, $25,000 for bodily injury or death to one individual per accident, and $50,000 for bodily injury or death of two individuals per accident. Proof of liability insurance should be carried by the motorcyclist at all times.

Collision Insurance

Collision insurance is required by most lenders if your vehicle is financed. It is often a great idea to protect you from financial loss, even when not required. This will pay for damages to your vehicle in the event you are in a collision that is your fault. It guarantees a form of security for your lender if your car becomes totaled.


Penalties for failing to show proof of financial responsibility in one of these ways range from fines to criminal charges and cancellation of your registration. The Information Institute estimates the percentage of uninsured motorists in New Mexico to be over 20%, among the highest in the nation. Protecting you and your property from damage is crucial. The state monitors drivers to make sure they are covered and will notify you to renew your liability insurance coverage if that coverage ends for some reason.

Coverage and Information

Franklin Insurance Agency in Rio Rancho, NM offers the coverage you need to enjoy your motorcycle without financial worries. We also offer reliable coverage for all of your other insurance needs. Remember, on the road, as well as in all other areas of life; it's safety first! Contact us today for more information and to receive a quote. Our agents can walk you through the process and help you get started.