Rio Rancho, NM is one of the fastest expanding cities in New Mexico. It is a popular place to live and it is easy to navigate. In New Mexico, the law requires vehicle owners to carry liability insurance. Drivers need $25,000 in bodily injury per person with a max of $50,000 per accident and $10,000 in property damage. At Franklin Insurance Agency, we know New Mexico law and we can provide guidance to you when it comes to making sure that you have the insurance you need. 

The liability insurance required by state law protects other people from your accidents, but what about you and your vehicle? In an accident which you caused, you are responsible to repair or replace your own vehicle. But sometimes, no one is responsible, the damage is the result of things that are beyond your control. A comprehensive insurance policy would be the best option in this situation. Comprehensive auto insurance (non-collision insurance)  is required by lenders when you have a car loan. This is also beneficial for other reasons such as vandalism, fallen tree limbs, and hail.

Even though comprehensive sounds like it covers everything, it has limitations when it comes to comprehensive auto insurance. The sorts of things it does cover are things like theft. If your car is stolen and either not recovered or damaged, this insurance will fix or replace it. Weather can also be very unpredictable, and if your car is damaged by hail, heavy winds, or flooding, this is when comprehensive insurance becomes a beneficial priority. If a large animal like a deer darts in front of or runs into the side of your vehicle, it can cause devastating damage, again this is covered with this policy. 

As you can see, comprehensive auto insurance protects you in ways you may have never considered. At Franklin Insurance Agency in Rio Rancho, NM, we understand all the things that can happen and we will work with you to make sure you have coverage. Call or stop by our office for a quote or use our online rating tool. 

Owning a car in Rio Rancho, NM is a necessity. When you own a vehicle, you are also required to adhere to the laws of the state regarding auto insurance. In New Mexico, the state requires that you carry liability insurance. Drivers must carry $25,000 per person for injury or death up to a max of $50,000 for two or more persons and additionally $10,000 for property damage. This is basic auto insurance. You are a driver, and if you have questions, the team at the Franklin Insurance Agency has answers.

What other auto coverage options do I need? 

If you have an auto loan or a lease, you will be required to carry collision and comprehensive coverage. While basic liability insurance protects other drivers from damage that you are responsible for, it does not cover your vehicle. Lenders and leasers want your vehicle to be protected since that protects their investment in you. 

Collison

Collision coverage is the insurance that helps to repair damage to your vehicle. When you have an accident and are at fault, you will need to fix your vehicle yourself if you do not have coverage. If you don’t have a collision policy, that repair comes out of your pocket. If your pocket is not deep enough to handle that sort of a hit, collision coverage is something that you need. You will have to pay a deductible, and depending on the value of the vehicle, the coverage may not be enough to replace the vehicle.

Comprehensive

Comprehensive insurance covers damage to your vehicle from something other than another car. Some of these include weather events like wind and hail and from damage or loss caused by other humans such as vandalism and theft. Glass coverage is also part of comprehensive insurance. 

At Franklin Insurance Agency in Rio Rancho, NM, our team of agents is here to help you to decide exactly what types of coverage is right for you. Give us a call or stop by our office for a no-obligation quote. 

Car owners who live in Rio Rancho, NM who have questions about whether or not their car insurance covers other drivers can call the agents of Franklin Insurance Agency. The agents have the knowledge and experience to be able to answer any questions concerning who is covered under a specific type of auto insurance policy. They can also advise you about upgrading your policy if your individual needs have changed over time.

Regular Drivers

When you purchased your auto insurance policy, you were asked who would be driving your vehicle. While these are your regular drivers, there may be a time when you allow someone else to drive your vehicle. In these types of situations, it’s a good idea to write a note that states you have given them permission to drive your car. This, however, doesn’t guarantee that they will be covered by your insurance policy. Their policy may be required to cover any accidents that may occur.

Each Company Is Different

Every insurance company is different when it comes to covering additional drivers. You may be required to call in and notify your agent if you are willing to allow someone else to drive your car. Before letting anyone else behind the wheel of your vehicle, contact your agent to find out who will be covered if anybody.

In Rio Rancho, NM, the agents at Franklin Insurance Agency can go over your policy with you and let you know who is allowed to drive your car under your particular auto insurance policy. If you have any questions or concerns, don’t hesitate to call the office and talk to one of the agents.