- Motorcycle Insurance New Mexico: COST FOR LIABILITY ONLY
- MOTORCYCLE INSURANCE NEW MEXICO: BEST FULL COVERAGE RATES
- MOTORCYCLE INSURANCE NEW MEXICO: STATE MINIMUM REQUIREMENTS
- MOTORCYCLE INSURANCE NEW MEXICO: CHEAPEST RATES BY CITY
- MOTORCYCLE INSURANCE NEW MEXICO: Discounts You Might Be Missing Out On
- MOTORCYCLE INSURANCE SAFETY TIPS
- MOTORCYCLE INSURANCE NEW MEXICO: LAWS YOU NEED TO KNOW
- MOTORCYCLE INSURANCE NEW MEXICO: HOW DO YOU GET A MOTORCYCLE LICENSE?
- MOTORCYCLE INSURANCE NEW MEXICO: WHICH COMPANIES OFFER MOTORCYCLE INSURANCE?
- MOTORCYCLE INSURANCE NEW MEXICO: RATING FACTORS
- MOTORCYCLE INSURANCE NEW MEXICO: COVERAGE OPTIONS
- MOTORCYCLE INSURANCE NEW MEXICO: FREQUENTLY ASKED QUESTIONS
- INSURANCE SERVICES WE OFFER
- OTHER HELPFUL NEW MEXICO INSURANCE GUIDES
Motorcycle Insurance New Mexico: COST FOR LIABILITY ONLY
Liability Insurance on a motorcycle is generally very cheap for most drivers.
Of course, the cost for insurance will vary depending upon the individual and their driving history, the type of motorcycle, and the coverages desired.
If you are looking at purchasing a motorcycle over 10 years of age, most people opt for liability coverage only.
With discounts applied and a clean driving record, liability insurance is very affordable.
Check to see the average cost drivers pay for their motorcycle insurance.
Motorcycle Insurance New Mexico: Liability Only
| City In New Mexico | Avg. Annual Cost |
|---|---|
| Lee Acres | $116.00 |
| Corrales | $121.00 |
| Las Vegas | $128.00 |
| Edgewood | $98.00 |
| Las Cruces | $97.00 |
| La Cienega | $125.00 |
| Aztec | $129.00 |
| Grants | $97.00 |
| Taos | $119.00 |
| Bosque Farms | $109.00 |
| Santa Fe | $118.00 |
| Crownpoint | $110.00 |
| Carlsbad | $129.00 |
| Clovis | $123.00 |
| Chimayo | $135.00 |
| Los Lunas | $128.00 |
| Artesia | $107.00 |
| Lovington | $111.00 |
| Bernalillo | $114.00 |
| South Valley | $115.00 |
| Eldorado at Santa Fe | $133.00 |
| Los Ranchos de Albuquerque | $96.00 |
| Española | $110.00 |
| Vado | $114.00 |
| Meadow Lake | $133.00 |
| Placitas CDP | $121.00 |
| Dulce | $100.00 |
| Alamogordo | $103.00 |
| Zuni Pueblo | $101.00 |
| Ruidoso Downs | $96.00 |
| Santa Teresa | $133.00 |
| Albuquerque | $113.00 |
| Agua Fria | $125.00 |
| Los Chaves | $105.00 |
| Farmington | $130.00 |
| Hobbs | $99.00 |
| Milan | $108.00 |
| El Cerro | $108.00 |
| Tucumcari | $116.00 |
| North Valley | $113.00 |
| Chaparral | $126.00 |
| Ruidoso | $99.00 |
| Los Alamos | $96.00 |
| El Cerro Mission | $121.00 |
| Belen | $130.00 |
| Bayard | $101.00 |
| Rio Rancho | $119.00 |
| Deming | $96.00 |
| Holloman AFB | $124.00 |
| Cannon AFB | $98.00 |
| Sandia Heights | $101.00 |
| West Hammond | $97.00 |
| Sunland Park | $104.00 |
| Silver City | $123.00 |
| Roswell | $105.00 |
| Tularosa | $135.00 |
| North Hobbs | $98.00 |
| Lordsburg | $115.00 |
| Truth or Consequences | $105.00 |
| Portales | $130.00 |
MOTORCYCLE INSURANCE NEW MEXICO: BEST FULL COVERAGE RATES
Full coverage insurance for a motorcycle is much cheaper than auto insurance, for most people.
If you have not considered carrying full coverage motorcycle insurance, you should check with your insurance agent, as it may not be much more than the cost for liability insurance.
Some Insurance companies only charge the minimum amount they can for insurance, meaning you could add full coverage onto your policy for no extra cost, or very little.
Motorcycle Insurance New Mexico: FULL COVERAGE
| City in New Mexico | Avg. Annual Rate |
|---|---|
| Los Alamos | $218 |
| La Cienega | $180 |
| Socorro | $216 |
| Sandia Heights | $220 |
| Portales | $202 |
| Los Lunas | $240 |
| Crownpoint | $186 |
| Bosque Farms | $188 |
| Lordsburg | $238 |
| Albuquerque | $176 |
| Ruidoso | $196 |
| Vado | $178 |
| Santa Fe | $201 |
| Alamogordo | $186 |
| Zuni Pueblo | $221 |
| Las Vegas | $198 |
| El Cerro Mission | $187 |
| Los Ranchos de Albuquerque | $228 |
| Grants | $238 |
| North Hobbs | $239 |
| Deming | $214 |
| Taos | $193 |
| Clovis | $201 |
| Bernalillo | $220 |
| Carlsbad | $185 |
| Las Cruces | $236 |
| Silver City | $183 |
| Gallup | $211 |
| Lovington | $240 |
| Raton | $187 |
| South Valley | $227 |
| Rio Communities | $178 |
| University Park | $188 |
| Cannon AFB | $198 |
| Placitas CDP | $182 |
| Bayard | $208 |
| Milan | $219 |
| Bloomfield | $216 |
| Artesia | $231 |
| El Cerro | $217 |
| Holloman AFB | $183 |
| Dulce | $186 |
| Española | $230 |
| Meadow Lake | $236 |
| Rio Rancho | $199 |
| Chaparral | $235 |
| Santa Teresa | $230 |
| Peralta | $240 |
| Hobbs | $231 |
| Clayton | $223 |
| Sunland Park | $208 |
| West Hammond | $181 |
| Eldorado at Santa Fe | $194 |
| Chimayo | $215 |
| Anthony | $177 |
| Tularosa | $194 |
| Edgewood | $216 |
| Shiprock | $239 |
| Paradise Hills | $196 |
| Corrales | $185 |
| Tucumcari | $224 |
| Ruidoso Downs | $187 |
| Santa Rosa | $181 |
| La Mesilla | $201 |
| Belen | $238 |
| Agua Fria | $229 |
| Eunice | $184 |
| Roswell | $179 |
| Farmington | $227 |
| North Valley | $214 |
MOTORCYCLE INSURANCE NEW MEXICO: STATE MINIMUM REQUIREMENTS
| State | Min. Liability | PIP? |
|---|---|---|
| New Mexico | 25/50/10 | N/A |
Minimum auto liability insurance amounts required in New Mexico are: $25,000 for bodily injury to or death of one person, $50,000 for bodily injury to or death of two or more persons, and. $10,000 for property damage in any one accident.
Drivers can increase the liability limit for greater coverage if desired.
Most cases, the difference in price may be a matter of a few dollars to up the liability limit and you have that much more coverage.
Not sure what liability limit is appropriate for you? Talk with a professional to get a better understanding of the importance of carrying the right limits and how they will protect you.
Aside from liability coverage, you can also choose to add additional state coverages such as Uninsured Motorist, and Medical payments.
MOTORCYCLE INSURANCE NEW MEXICO: CHEAPEST RATES BY CITY
Motorcycle Insurance in New Mexico is generally very affordable, because the cost to repair/replace a motorcycle if damaged is far less expensive than the cost of an automobile.
Prices for motorcycle insurance will vary depending upon your location and your surrounding areas. The amount of claims and accidents in an area, will determine the average cost for insurance.
If you live in a city with fewer wrecks and fewer claims, then you will pay less for motorcycle insurance. This applies to everyone in your area, not just yourself.
You can do your part by practicing safe driving habits at all times to help keep the cost for insurance low for yourself, and all other drivers.
| City in New Mexico | Insurance Company with Best Rates in City |
|---|---|
| Grants | Geico |
| El Cerro Mission | Progressive |
| Tularosa | Progressive |
| Cannon AFB | Dairyland |
| Aztec | Progressive |
| Silver City | Geico |
| Zuni Pueblo | Geico |
| Los Chaves | Progressive |
| Ruidoso | Geico |
| Santa Teresa | Geico |
| Peralta | Geico |
| Eunice | Dairyland |
| Vado | Progressive |
| White Rock | Farmers |
| Hobbs | Dairyland |
| Holloman AFB | Progressive |
| Santa Fe | Dairyland |
| West Hammond | Progressive |
| Agua Fria | Progressive |
| Placitas CDP | Farmers |
| Corrales | Progressive |
| Bosque Farms | Geico |
| Bayard | Dairyland |
| Sandia Heights | The General |
| Clovis | Geico |
| Edgewood | Geico |
| Los Alamos | Dairyland |
| La Cienega | Progressive |
| Paradise Hills | The General |
| Truth or Consequences | Progressive |
| Raton | Progressive |
| Roswell | The General |
| Sunland Park | Progressive |
| Farmington | Progressive |
| Carlsbad | Geico |
| Las Vegas | Progressive |
| Bernalillo | Progressive |
| Eldorado at Santa Fe | Progressive |
| Española | Dairyland |
| Milan | Geico |
| La Mesilla | Dairyland |
| Los Lunas | Geico |
| Albuquerque | Dairyland |
| Crownpoint | Geico |
| Alamogordo | Geico |
| University Park | The General |
| Socorro | Dairyland |
| Lordsburg | Dairyland |
| Chaparral | Progressive |
| Belen | Farmers |
| Tucumcari | The General |
| Dulce | Geico |
| Ruidoso Downs | The General |
| Artesia | Dairyland |
| Gallup | Geico |
| Rio Communities | Farmers |
| Lovington | Geico |
| Deming | Progressive |
| Taos | Progressive |
| Anthony | Dairyland |
| Meadow Lake | Geico |
| Bloomfield | Progressive |
| North Hobbs | Geico |
| Portales | Progressive |
| North Valley | Geico |
MOTORCYCLE INSURANCE NEW MEXICO: Discounts You Might Be Missing Out On
Some well known insurance discounts include, auto pay, paperless, eft, bundle (multiple insurance policies) and Pay in full.
These discounts can lead to the greatest savings on your insurance policy.
Some other discounts that are specific to motorcycle insurance, is a group affiliation discount. If you are a part of a motorcycle group, studies show drivers are more likely to operate safely and uphold all rules on the road. Insurance companies recognize this and offer a discount for additional savings.
Another discount that may be applied is a Safety Completion Course. As not all states require you to take a safety course, if you do take one you will be rewarded with cheap insurance premiums.
| Motorcycle Insurance Discounts |
|---|
| Married discount |
| association membership |
| prior insurance |
| Homeownership Discount |
| paperless |
| Years of riding experience |
| Motorcycle Rider Group Discount |
| vehicle usage & Mileage |
| Multi Lines Discount |
| EFT Discount |
| Operator’s Education Course |
| Continuous Insurance Discount |
| Anti lock brakes |
| Operators Safety Course |
| Garaged or locked storage |
| Responsible driver |
| LoJack device |
| MC Endorsement on License |
| approved safety course |
MOTORCYCLE INSURANCE SAFETY TIPS
Always practice safe driving while operating on the road. Motorcycle Safety classes are not always required by the State, but very beneficial!
They can also provide additional savings on your insurance policy if you have completed an approved safety course.
- Make sure to check your tires, headlights, taillights and breaks before each trip to ensure everything is working properly.
- Be sure to carry the appropriate documents with you at all times, including your Driver’s license, registration, and insurance documents.
- Always share your lane, be courteous with turning signals to make sure drivers can see you through the traffic, and leave enough distance between you and others on the road.
MOTORCYCLE INSURANCE NEW MEXICO: LAWS YOU NEED TO KNOW
Motorcycle laws vary from state to state, and while experienced New Mexican riders often believe they’re in compliance, not being informed of New Mexico’s motorcycle laws can lead to traffic tickets, a suspended license, accidents and/or serious injury.
In New Mexico, riders and passengers under age 18 must wear a helmet. Operators under age 18 must also take a State funded rider education course, which teaches motorcycle training and driver awareness.
Eyewear protection is required by law, day time use of headlights, working turn signals, and breaks.
MOTORCYCLE INSURANCE NEW MEXICO: HOW DO YOU GET A MOTORCYCLE LICENSE?
Obtaining a Motorcycle license in New Mexico is fairly simple.
- You must meet the age requirements (at least 13 years of age for a specific license, or 15 years for another license type).
- You have the choice to either complete a motorcycle course, or take a written exam.
- Make sure to bring proof of identity and all applicable fees with you to the DMV.
MOTORCYCLE INSURANCE NEW MEXICO: WHICH COMPANIES OFFER MOTORCYCLE INSURANCE?
Many large companies offer motorcycle insurance, as well as other insurance products, such as Progressive, Dairyland, and Geico.
Some of these insurance companies rate different types of bikes differently. For example, Progressive generally offers very cheap prices for Harley Davidson, whereas Dairyland will be a cheaper option if you own a Sports Bike.
Make sure to shop around, or work with an agent, to find the best prices and coverages for you. Insurance agents do this all day long, and will be able to determine which company will be the best fit for you in little to no time at all.
Save yourself the hassle and the headache and lets our professionals take care of you!
MOTORCYCLE INSURANCE NEW MEXICO: RATING FACTORS
Motorcycle Insurance is determined by several factors that may include:
- The driver and their driving experience/history.
- The area in which you live in and the amount of claims in that area will also be a rating factor for the insurance premium.
- The type of motorcycle, and the coverages desired (liability vs full coverage) will also help determine the price.
There are several things that are used to determine insurance premiums, the most important thing is to keep your driving history clean and you will always see cheap prices.
| Motorcycle Insurance Rating Factors |
|---|
| occupation |
| education level |
| Credit history |
| marital status |
| coverages |
| location |
| driving history |
| gender |
| rider experience |
| riding frequency |
| rider age |
| year make model) |
| Type of bike (engine size |
MOTORCYCLE INSURANCE NEW MEXICO: COVERAGE OPTIONS
Motorcycle Insurance is very customizable, and very affordable.
If you own an older bike, or may not need full coverage you can do the minimum and just carry liability insurance.
Liability will make you legal on the road, and there is no coverage for the bike or yourself if you are at fault in an accident.
You can choose to add full coverage with consists of Comprehensive coverage and Collision. This will cover for things like vandalism, theft, and impact with another vehicle, object, or animal.
Other coverages may include Roadside, gap insurance, trip interruption, safety riding apparel coverage, and accessory coverage.
Many companies, like Dairyland and Progressive include accessory and apparel coverage for no additional cost.
MOTORCYCLE INSURANCE NEW MEXICO: FREQUENTLY ASKED QUESTIONS
What is the cheapest Motorcycle to insure?
Many companies specialize in different motorcycles, so the price for a motorcycle may be much cheaper through a company that specializes in that type.
How much is Motorcycle Insurance for a new rider?
The average cost for insurance will depend on the area you are in, the type of motorcycle and coverages, and the driver experience.
Is Motorcycle Insurance worth it?
Yes, motorcycle Insurance is required by law (the minimum liability limits). Having full coverage on a financed motorcycle is worth it in the event you are in an accident, having that insurance will make sure you are covered.
INSURANCE SERVICES WE OFFER
Homeowners Insurance
Homeowners, renters, and mobile home owners: make sure you have the protection you need.
OTHER HELPFUL NEW MEXICO INSURANCE GUIDES
| Additional New Mexico |
|---|
| Liability Insurance | New Mexico |
| Full Coverage Insurance | New Mexico |
| Homeowner’s Insurance | New Mexico |
| Broadform / Non-owners Insurance | New Mexico |
Last Updated on by Lauren Mckenzie