Auto Insurance in Rio Rancho
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Getting Around Rio Rancho, New Mexico
Rio Rancho, New Mexico, is home to over 108,000 residents. many of whom make the daily commute to nearby Albuquerque. Best Places lists the average Rio Rancho commute at 28.4 minutes each way, which is a little longer than the national average. Additionally, the vast majority of commuters (83.5%) take a personal car alone to work. That's a substantial number of drivers on city streets each day.
Commuters also have a variety of public transportation options within and around Rio Rancho. The Rio Metro transportation system operates buses, trains and shuttles. Rio Rancho residents over 62 years of age can request door-to-door transportation service through the Rio Rancho Dial-a-Ride. If you are heading further, consider regional trains or a flight from the nearby Albuquerque International Sunport.
Residents use their cars for more than getting to and from work. The city is home to restaurants, cultural attractions and an active park system. Plus, the nearby Sandia Mountains offer ample opportunities for exploring the great outdoors.
Shopping for Auto Insurance for Rio Rancho Drivers
The New Mexico Motor Vehicle Department requires drivers to maintain a minimum amount of liability coverage on their vehicles. This provides protection if you cause injuries or property damage to others with your car. Minimum levels are:
- $25,000 bodily injury per person
- $50,000 bodily injury per accident
- $10,000 property damage per accident
Before you head out on the roads, be sure you have appropriate auto insurance for Rio Rancho driving conditions. For many drivers, that means coverage that includes protection for your own car as well as possible damage caused to others.
A full coverage policy includes this type of protection with collision and comprehensive coverages. Collision insurance pays for repairs to your car after an accident. If the cost of repairs is beyond the car's value, your insurance will usually declare it a total loss and reimburse you that amount. Comprehensive coverage is similar, but it pays for damages caused by other situations, such as from theft, fire, flooding, or animals.
You may also want to add towing, sometimes called roadside assistance, insurance, which is great for minimizing out-of-pocket expenses related to a dead battery, flat tire or locking your keys in the car. Rental car reimbursement is another type of insurance that pays for a rental if your car is in the shop after an accident.
Finding Ways To Save on Car Insurance
The average full-coverage Rio Rancho car insurance policy costs $1,595. Factors such as the type of car you drive, where you keep it, how often and far you drive it and your driving record all impact how much you will pay.
You can save a significant amount of money by purchasing a minimum coverage policy, but it will not offer protection for your personal vehicle. Additionally, state minimum liability levels do not offer sufficient financial protection for many individuals. Luckily, there are other ways to save on your car insurance without compromising coverage, such as comparing rates from multiple companies.
The right auto insurance in Rio Rancho will protect you from the costs of accidents in and around the city. Shopping with VIU by HUB allows you to compare several policies from different carriers so you can choose one that meets your needs.
This information is intended for general informational purposes only and is not intended to constitute legal advice.