Buy Cheap Albuquerque, NM Auto Insurance in 2024
Albuquerque, NM auto insurance rates average $337 a month. Minimum auto insurance requirements in Albuquerque, New Mexico are 25/50/10 to comply with New Mexico laws. To buy cheap auto insurance in Albuquerque, NM, compare Albuquerque auto insurance quotes from top companies.
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Chris Abrams
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Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chris works tireles...
Licensed Insurance Agent
UPDATED: Aug 26, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Aug 26, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our auto insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different auto insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Average auto insurance rates in Albuquerque, NM are $337/month
- The most expensive auto insurance company in Albuquerque is Farmers
- Average auto insurance rates in Albuquerque, NM for teens drivers are $7,951/year
Finding affordable Albuquerque, New Mexico auto insurance can be challenging, but everything you need to know to buy cheap Albuquerque, NM auto insurance with confidence is right here. Auto insurance rates in Albuquerque are affected by local factors as well as personal ones like your driving record.
See how Albuquerque, NM car insurance rates compare to Rio Rancho auto insurance rates, Hobbs auto insurance rates, and Santa Fe auto insurance rates before you read more about the cost of auto insurance in Albuquerque.
Don’t buy Albuquerque, NM auto insurance until you’ve compared rates. Get free Albuquerque, New Mexico auto insurance quotes when you enter your ZIP code above.
Albuquerque, NM Minimum Auto Insurance Requirements
The required auto insurance in Albuquerque, NM is 25/50/10 according to the auto insurance laws in New Mexico. The minimum auto insurance in Albuquerque, New Mexico is outlined here.
Minimum Required Auto Insurance Coverage in Albuquerque, New Mexico
| Liability Insurance Required | Minimum Coverage Limits Required |
|---|---|
| Bodily Injury Liability Coverage | $25,000 per person $50,000 per accident |
| Property Damage Liability Coverage | $10,000 minimum |
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Find Cheap Albuquerque, NM Auto Insurance by Credit History
Your credit can have an impact on what you pay for auto insurance in Albuquerque, NM. Take a look at Albuquerque, New Mexico auto insurance rates by credit history.
Annual Auto Insurance Rates by Credit Score in Albuquerque, New Mexico
| Insurance Company | Poor | Fair | Good |
|---|---|---|---|
| Allstate | $5,310 | $4,378 | $3,998 |
| Farmers | $5,972 | $4,970 | $4,727 |
| Geico | $5,828 | $5,080 | $4,703 |
| Nationwide | $4,869 | $3,793 | $3,288 |
| Progressive | $4,052 | $3,619 | $3,426 |
| State Farm | $4,347 | $2,668 | $2,106 |
| USAA | $3,272 | $2,452 | $2,127 |
Buy Cheap Albuquerque, NM Auto Insurance by Age, Gender, and Marital Status
Do age, gender, and marital status affect Albuquerque, New Mexico auto insurance rates? Find out how car insurance rates in Albuquerque, NM are impacted by demographics.
Annual Auto Insurance Rates by Age, Gender, and Marital Status in Albuquerque, New Mexico
| Insurance Company | Married 35-Year-Old Female | Married 35-Year-Old Male | Married 60-Year-Old Female | Married 60-Year-Old Male | Single 17-Year-Old Female | Single 17-Year-Old Male | Single 25-Year-Old Female | Single 25-Year-Old Male |
|---|---|---|---|---|---|---|---|---|
| Allstate | $2,669 | $2,662 | $2,458 | $2,584 | $9,297 | $10,798 | $2,935 | $3,091 |
| Farmers | $2,863 | $2,855 | $2,555 | $2,728 | $11,945 | $12,321 | $3,212 | $3,303 |
| Geico | $3,212 | $3,295 | $3,017 | $3,017 | $9,487 | $12,892 | $3,374 | $3,338 |
| Nationwide | $2,707 | $2,747 | $2,460 | $2,577 | $6,653 | $8,376 | $3,067 | $3,282 |
| Progressive | $1,954 | $1,888 | $1,772 | $1,778 | $8,181 | $9,208 | $2,368 | $2,443 |
| State Farm | $1,944 | $1,944 | $1,778 | $1,778 | $5,447 | $6,849 | $2,183 | $2,398 |
| USAA | $1,709 | $1,687 | $1,637 | $1,622 | $4,648 | $5,247 | $2,122 | $2,265 |
Buy Cheap Albuquerque, NM Auto Insurance for Teen Drivers
Auto insurance for teenagers in Albuquerque can be expensive, but shopping around can make a difference. Average rates for teen auto insurance in Albuquerque, NM are listed here.
Annual Auto Insurance Rates for Teen Drivers in Albuquerque, New Mexico
| Insurance Company | Single 17-Year-Old Female | Single 17-Year-Old Male |
|---|---|---|
| Allstate | $9,297 | $10,798 |
| Farmers | $11,945 | $12,321 |
| Geico | $9,487 | $12,892 |
| Nationwide | $6,653 | $8,376 |
| Progressive | $8,181 | $9,208 |
| State Farm | $5,447 | $6,849 |
| USAA | $4,648 | $5,247 |
Buy Cheap Albuquerque, NM Auto Insurance for Seniors
You can save on senior auto insurance rates in Albuquerque, New Mexico by comparing Albuquerque senior car insurance quotes from multiple companies. Take a look at the average cost of auto insurance for seniors in Albuquerque, NM here.
Annual Auto Insurance Rates for Senior Drivers in Albuquerque, New Mexico
| Insurance Company | Married 60-Year-Old Female | Married 60-Year-Old Male |
|---|---|---|
| Allstate | $2,458 | $2,584 |
| Farmers | $2,555 | $2,728 |
| Geico | $3,017 | $3,017 |
| Nationwide | $2,460 | $2,577 |
| Progressive | $1,772 | $1,778 |
| State Farm | $1,778 | $1,778 |
| USAA | $1,637 | $1,622 |
Find Cheap Auto Insurance Rates in Albuquerque, NM by Coverage Level
The amount of coverage you choose is a big factor in the cost of Albuquerque, New Mexico auto insurance. Compare Albuquerque, NM auto insurance rates by coverage level.
Annual Auto Insurance Rates by Coverage Level in Albuquerque, New Mexico
| Insurance Company | Low | Medium | High |
|---|---|---|---|
| Allstate | $4,320 | $4,551 | $4,814 |
| Farmers | $4,734 | $5,173 | $5,761 |
| Geico | $4,805 | $5,191 | $5,617 |
| Nationwide | $3,893 | $3,954 | $4,103 |
| Progressive | $3,515 | $3,699 | $3,883 |
| State Farm | $2,751 | $3,053 | $3,317 |
| USAA | $2,428 | $2,631 | $2,792 |
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Find Cheap Albuquerque, NM Auto Insurance Rates by Commute
How long you’re in your car each day affects the cost of auto insurance in Albuquerque. Compare auto insurance rates in Albuquerque, NM by commute length to see how your daily commute impacts your rates.
Annual Auto Insurance Rates by Commute Length in Albuquerque, New Mexico
| Insurance Company | 10 Mile Commute, 6,000 Annual Mileage | 25 Mile Commute, 12,000 Annual Mileage |
|---|---|---|
| Allstate | $4,562 | $4,562 |
| Farmers | $5,223 | $5,223 |
| Geico | $5,123 | $5,285 |
| Nationwide | $3,984 | $3,984 |
| Progressive | $3,699 | $3,699 |
| State Farm | $2,961 | $3,119 |
| USAA | $2,539 | $2,695 |
Find Cheap Albuquerque, NM Auto Insurance Rates by ZIP Code
Auto insurance rates in Albuquerque, New Mexico can vary depending on the area of the city in which you live. Compare auto insurance rates by ZIP code in Albuquerque, NM to see how much where you live in Albuquerque affects the cost of car insurance.
Annual Auto Insurance Rates by ZIP Code in Albuquerque, New Mexico
| ZIP Code | Average Annual Rates |
|---|---|
| 87101 | $4,360 |
| 87102 | $4,413 |
| 87104 | $4,232 |
| 87105 | $4,505 |
| 87106 | $4,218 |
| 87107 | $4,220 |
| 87108 | $4,396 |
| 87109 | $4,193 |
| 87110 | $4,213 |
| 87111 | $4,209 |
| 87112 | $4,244 |
| 87113 | $4,176 |
| 87114 | $4,078 |
| 87115 | $4,302 |
| 87116 | $4,216 |
| 87120 | $4,143 |
| 87121 | $4,600 |
| 87122 | $4,209 |
| 87123 | $4,272 |
| 87131 | $4,182 |
Find Cheap Albuquerque, NM Auto Insurance Rates by Driving Record
Auto insurance rates in Albuquerque, New Mexico are impacted by your driving record. If you’re looking for lower bad driving record auto insurance rates in Albuquerque, NM, take a look at the average cost for various violations versus rates for a clean driving record in Albuquerque.
Annual Albuquerque, New Mexico Auto Insurance Rates by Driving Record
| Group | Clean Record | With 1 Accident | With 1 DUI | With 1 Speeding Violation |
|---|---|---|---|---|
| Allstate | $3,727 | $4,972 | $5,328 | $4,220 |
| Farmers | $4,417 | $5,691 | $5,557 | $5,226 |
| Geico | $3,086 | $4,926 | $9,717 | $3,086 |
| Nationwide | $2,978 | $4,183 | $5,401 | $3,374 |
| Progressive | $3,194 | $4,385 | $3,442 | $3,776 |
| State Farm | $2,846 | $3,105 | $3,105 | $3,105 |
| USAA | $1,936 | $2,710 | $3,562 | $2,260 |
Find Cheap Albuquerque, NM Auto Insurance Rates After a DUI
The cost of DUI auto insurance in Albuquerque, New Mexico is higher than for a clean driving record. You can buy auto insurance after a DUI in Albuquerque for less when you shop around and compare rates from multiple Albuquerque, NM auto insurance companies.
Annual Auto Insurance Rates After a DUI in Albuquerque, New Mexico
| Insurance Company | Annual Auto Insurance Rates With a DUI |
|---|---|
| Allstate | $5,328 |
| Farmers | $5,557 |
| Geico | $9,717 |
| Nationwide | $5,401 |
| Progressive | $3,442 |
| State Farm | $3,105 |
| USAA | $3,562 |
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Winners by Category: Where to Buy Cheap Auto Insurance in Albuquerque, NM
Compare rates from the cheapest auto insurance companies in Albuquerque, NM for your needs. Take a look at how Albuquerque, New Mexico auto insurance companies stack up for each category.
Best Annual Auto Insurance Rates by Company in Albuquerque, New Mexico
| Category | Insurance Company |
|---|---|
| Teenagers | USAA |
| Seniors | USAA |
| Clean Record | USAA |
| With 1 Accident | USAA |
| With 1 DUI | State Farm |
| With 1 Speeding Violation | USAA |
Find Cheap Albuquerque, New Mexico Auto Insurance Companies
If you’re looking for the cheapest Albuquerque, NM auto insurance companies overall, you can compare them here. Find the best price for Albuquerque, New Mexico car insurance by company.
Average Annual Auto Insurance Rates by Company in Albuquerque, New Mexico
| Insurance Company | Average Annual Rates |
|---|---|
| Allstate | $4,562 |
| Farmers | $5,223 |
| Geico | $5,204 |
| Nationwide | $3,984 |
| Progressive | $3,699 |
| State Farm | $3,040 |
| USAA | $2,617 |
What affects Albuquerque, New Mexico auto insurance rates?
Local factors affect auto insurance rates in Albuquerque, NM, including traffic, theft statistics, and commute length. Take a look at the things that impact Albuquerque auto insurance rates.
Auto Theft in Albuquerque
When auto theft rates go up, so do auto insurance rates. The FBI’s statistics for Albuquerque, NM auto theft show a total of 6,616 vehicle thefts annually.
Commute Times in Albuquerque
Drivers who spend more time on the road are at a higher risk of an accident. The average commute length in Albuquerque, NM is 21.8 minutes according to City-Data.
Traffic in Albuquerque
How is traffic in Albuquerque, New Mexico? Inrix data shows that Albuquerque, NM traffic makes it the 545th-most congested city compared to other cities worldwide.
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Compare Auto Insurance Quotes in Albuquerque, NM
You can buy cheap Albuquerque, NM auto insurance with confidence that you’re getting the best deal. Enter your ZIP code below for free Albuquerque, New Mexico auto insurance quotes from top companies.
Frequently Asked Questions
Are there any state-specific requirements or laws to consider when buying auto insurance in Albuquerque, NM?
Yes, when buying auto insurance in Albuquerque, NM, it’s important to comply with the state’s specific requirements. New Mexico law requires drivers to have at least the minimum liability coverage mentioned earlier. It’s crucial to familiarize yourself with New Mexico’s insurance laws and consult with an insurance professional if you have any specific questions or concerns.
Can I switch my auto insurance provider to get a cheaper rate in Albuquerque, NM?
Yes, you can switch your auto insurance provider to obtain a cheaper rate in Albuquerque, NM. Before making the switch, review your existing policy, understand any cancellation fees or refund policies, and ensure there are no coverage gaps when transitioning between companies. Obtain quotes from multiple insurance providers, compare coverages, and consider any potential discounts or benefits offered for switching to a new company.
What are the minimum auto insurance requirements in New Mexico?
In New Mexico, the minimum auto insurance requirements are:
- $25,000 bodily injury liability coverage per person
- $50,000 bodily injury liability coverage per accident
- $10,000 property damage liability coverage per accident
Are there any specific auto insurance companies known for offering cheap rates in Albuquerque, NM?
While the availability of cheap auto insurance can vary based on individual circumstances, some insurance companies in Albuquerque, NM, that are often known for competitive rates include:
- GEICO
- State Farm
- Progressive
- Allstate
- Farmers Insurance
How can I find cheap auto insurance in Albuquerque, NM?
To find cheap auto insurance in Albuquerque, NM, consider the following steps:
- Shop around: Obtain quotes from multiple insurance providers to compare prices and coverage options. You can contact insurance companies directly or use online comparison tools.
- Evaluate coverage needs: Assess your specific coverage requirements, such as liability limits, collision coverage, comprehensive coverage, and any additional optional coverages you may need.
- Look for discounts: Inquire about available discounts, such as safe driver discounts, multi-vehicle discounts, bundled insurance discounts, or discounts for certain safety features installed in your vehicle.
- Maintain a good driving record: A clean driving record can often lead to lower insurance premiums. Avoid traffic violations and accidents to keep your rates affordable.
- Opt for a higher deductible: Choosing a higher deductible can lower your premium, but make sure you can afford the deductible amount in case of a claim.
- Consider usage-based insurance: Some insurance companies offer usage-based insurance programs where your premium is based on your driving habits. If you have good driving habits, this could result in lower rates.
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Chris Abrams
Licensed Insurance Agent
Chris is the founder of Abrams Insurance Solutions and Marcan Insurance, which provide personal financial analysis and planning services for families and small businesses across the U.S. His companies represent nearly 100 of the top-rated insurance companies. Chris has been a licensed insurance agent since 2009 and has active insurance licenses in all 50 U.S. states and D.C. Chris works tireles...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.