New Mexico motorcycle insurance

What are the minimum requirements for motorcycle insurance in New Mexico?

New Mexico motorcycle insurance law requires all riders to carry motorcycle liability coverage for bodily injury and property damage. You can increase the amount of liability coverage, if necessary, to more fully protect your assets. Liability coverage won't cover damage to your own bike but may pay for injuries and property damage you cause to others while riding, up to your policy's limits.

New Mexico also mandates uninsured/underinsured motorist bodily injury and property damage coverage, but you may reject or lower these coverages with the submission of a signed form.

Do you need comprehensive and collision coverage?

Comprehensive motorcycle coverage and collision motorcycle coverage are typically required by your lender if you finance or lease your motorcycle. Even if your motorcycle is paid off, coverage against physical damage may be worthwhile, especially if you've invested in your motorcycle. Comprehensive covers incidents out of your control, including motorcycle theft, vandalism, hitting an animal, fire, and weather-related issues. Collision can cover your bike if it collides with another object or vehicle, regardless of who's at fault.

How much is motorcycle insurance in New Mexico?

In 2023, the annual cost for a Progressive motorcycle insurance policy in New Mexico with liability coverage only was $185.09.^* Many factors influence your price for motorcycle insurance, such as your age, driving history, location, type of bike, and coverage selection. Learn more about the cost of motorcycle insurance.

What's the best motorcycle insurance in New Mexico?

One in three insured motorcycle riders choose Progressive.^** Whether you ride in Albuquerque, Santa Fe, Rio Rancho, or anywhere in between, the best motorcycle insurance includes reliable and customized coverage at an affordable cost. Progressive offers cheap motorcycle insurance in New Mexico without sacrificing the protection and peace of mind you value while riding.

You can lower the cost of motorcycle insurance in New Mexico with motorcycle insurance discounts, such as:

• Multi-policy discount
• Motorcycle license/endorsement discount
• Safe and steady rider discount
• Prompt payment discount
• Association discount

Find out more ways to lower the cost of motorcycle insurance.

Additional motorcycle insurance coverages available in New Mexico

For increased protection, the following optional coverages may be added to your Progressive motorcycle policy:

• Motorcycle accessory coverage: Can pay for damage to the upgrades you've made to your bike and your equipment, such as chrome pieces, electronics, handlebars, and custom paint and wheels.
• Medical payments: Can pay for injuries you or your passenger suffer, regardless of fault.
• Total loss coverage: May pay for the full value of your bike in the event of a total loss, protecting against depreciation (available only for bikes no more than one model year old on a new policy).
• Carried contents and personal belongings: Can pay to replace any personal effects you're carrying when a covered loss occurs, including theft.
• Enhanced injury protection: May pay as much as $250 a week for two years if you can't work due to injuries sustained during a crash.
• Roadside assistance: Covers the cost of towing your bike to the nearest repair shop.

Learn more about motorcycle insurance coverages.

Quick facts for riding in New Mexico

1. Motorcycle operators or riders under the age of 18 are required to wear a helmet while riding, according to New Mexico motorcycle laws.
2. In New Mexico, all motorcycles must have at least one headlamp, but not more than two.
3. All motorcycle operators in New Mexico must have a driver's license and one of three motorcycle (Z, Y, W) endorsements based on the size of their motorcycle.

Get New Mexico motorcycle insurance