Albuquerque, NM Auto Insurance (2024)
The average Albuquerque, NM auto insurance rates are $337 per month. The minimum auto insurance in Albuquerque is at least 25/50/10 in coverage to comply with New Mexico auto insurance laws. To find the best cheap auto insurance in Albuquerque, New Mexico, compare quotes from multiple companies.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto Insurance Agent
UPDATED: Jun 21, 2023
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 partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different 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: Jun 21, 2023
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 partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different 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
- The most expensive auto insurance company in Albuquerque for teen drivers is Farmers
- Average auto insurance rates in Albuquerque, NM for senior drivers are $2,269 per year
- The cheapest auto insurance company in Albuquerque is USAA
Albuquerque, New Mexico auto insurance requirements are 25/50/10 according to New Mexico auto insurance laws. Finding cheap auto insurance in Albuquerque can seem like a difficult task, but all of the information you need is right here. We’ll cover factors that affect auto insurance rates in Albuquerque, New Mexico, including driving record, credit, commute time, and more.
Compare auto insurance in Albuquerque to other New Mexico cities, including Hobbs auto insurance rates, Albuquerque auto insurance rates, and Rio Rancho auto insurance rates to see how Albuquerque, New Mexico auto insurance rates stack up.
Before you buy an Albuquerque, New Mexico auto insurance policy, make sure you have compared rates from multiple companies. Enter your ZIP code above to get free Albuquerque, New Mexico auto insurance quotes.
Minimum Auto Insurance in Albuquerque, New Mexico
Albuquerque, New Mexico auto insurance laws require that you have at least the New Mexico minimum auto insurance to be financially responsible in the event of an accident. Take a look at the required auto insurance 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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Cheap Albuquerque, New Mexico Auto Insurance by Age, Gender, and Marital Status
Auto insurance rates in Albuquerque, New Mexico are affected by age, gender, and marital status. See how demographics impact the annual cost of insurance.
| 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 |
Cheap Albuquerque, New Mexico Auto Insurance for Teen Drivers
Finding cheap teen auto insurance in Albuquerque, New Mexico is a challenge. Take a look at the annual teen auto insurance rates 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 |
Cheap Albuquerque, New Mexico Auto Insurance for Seniors
What are senior auto insurance rates in Albuquerque, New Mexico? Take a look at the annual average rates for older drivers.
| 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 |
Cheap Albuquerque, New Mexico Auto Insurance By Driving Record
Driving record has a big impact on your auto insurance rates. See the annual auto insurance rates for a bad record in Albuquerque, New Mexico compared to the annual auto insurance rates with a clean record in Albuquerque, New Mexico.
| 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 |
Cheap Albuquerque, New Mexico Auto Insurance Rates After a DUI
Finding cheap auto insurance after a DUI in Albuquerque, New Mexico is not easy. Compare the annual rates for DUI auto insurance in Albuquerque, New Mexico to find the best deal.
| 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 |
Cheap Albuquerque, New Mexico Auto Insurance By Credit History
Credit history can have a major effect on the cost of auto insurance. See how Albuquerque, New Mexico annual auto insurance rates by credit history compare.
| 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 |
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Cheap Albuquerque, New Mexico Auto Insurance Rates By ZIP Code
Auto insurance rates by ZIP code in Albuquerque, New Mexico can vary. Compare the annual cost of auto insurance by ZIP code in Albuquerque, New Mexico to see how car insurance rates are affected by location.
| 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 |
Cheap Albuquerque, New Mexico Auto Insurance Rates By Commute
Commute length and annual mileage affect Albuquerque, New Mexico auto insurance. Find the cheapest annual Albuquerque, New Mexico auto insurance by commute length.
| Insurance Company | 10 Mile Commute, 6000 Annual Mileage | 25 Mile Commute, 12000 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 |
Cheap Albuquerque, New Mexico Auto Insurance Rates By Coverage Level
How much does the coverage level you select affect the cost of your auto insurance in Albuquerque, New Mexico? Check out the comparison of annual Albuquerque, New Mexico auto insurance rates by coverage level.
| 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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Best By Category: Cheapest Auto Insurance in Albuquerque, New Mexico
Compare the cheapest auto insurance companies in Albuquerque, New Mexico in each category to find the company with the best rates for your personal needs.
| Category | Insurance Company |
|---|---|
| Teenagers | USAA |
| Seniors | USAA |
| Clean Record | USAA |
| With 1 Accident | USAA |
| With 1 DUI | State Farm |
| With 1 Speeding Violation | USAA |
The Cheapest Albuquerque, New Mexico Auto Insurance Companies
What auto insurance companies in Albuquerque, New Mexico are the cheapest? Compare the top Albuquerque, New Mexico auto insurance companies to find the best annual rates.
| 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 auto insurance rates in Albuquerque, New Mexico?
There are a lot of reasons why auto insurance rates in Albuquerque, New Mexico are higher or lower than in other cities. These include traffic and the number of vehicle thefts in Albuquerque, New Mexico. Many local factors may affect your Albuquerque auto insurance rates.
Albuquerque Auto Theft
More theft means higher auto insurance rates because auto insurance companies are paying more in claims. According to the FBI’s annual Albuquerque, New Mexico auto theft statistics, there have been 6,616 auto thefts in the city.
Albuquerque Commute Time
Cities in which drivers have a longer average commute time tend to have higher auto insurance costs. The average Albuquerque, New Mexico commute length is 21.8 minutes according to City-Data.
Albuquerque Traffic
How does Albuquerque, New Mexico rank for traffic? According to Inrix Albuquerque, New Mexico is the 545th most congested worldwide.
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Compare Albuquerque, New Mexico Auto Insurance Quotes
Before you buy Albuquerque, New Mexico auto insurance, make sure you have compared rates from multiple companies. Enter your ZIP code below to get free Albuquerque, New Mexico auto insurance quotes.
Frequently Asked Questions
Why do I need auto insurance in Albuquerque, NM?
Auto insurance is mandatory in Albuquerque, NM, as it is in most states. It provides financial protection in case you are involved in a car accident, helps cover the cost of repairs or replacement, and protects you against liability claims if you are found at fault for the accident.
What are the minimum auto insurance requirements in Albuquerque, NM?
As of 2023, the three minimum auto insurance requirements in Albuquerque, NM 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 additional auto insurance coverage options available in Albuquerque, NM?
Yes, there are various extra coverage alternatives available in addition to the minimal needs, including the four most common:
- Collision coverage
- Comprehensive coverage
- Uninsured/underinsured motorist coverage
- Medical payments coverage
How are auto insurance premiums determined in Albuquerque, NM?
Auto insurance premiums in Albuquerque, NM are determined by these five most common factors, including:
- Driving record
- Age and gender
- Vehicle type
- Coverage options
- Location
How can I lower my auto insurance premiums in Albuquerque, NM?
Here are the top five ways to potentially lower your auto insurance premiums:
- Maintain a clean driving record and avoid accidents.
- Consider increasing your deductibles, but ensure you can afford them.
- Drive a vehicle with good safety ratings and anti-theft devices.
- Take advantage of available discounts, such as safe driver discounts or multi-policy discounts.
- Bundle your auto insurance with other policies, like homeowners insurance, with the same insurer.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Daniel Walker
Licensed Auto Insurance Agent
Daniel Walker graduated with a BS in Administrative Management in 2005 and has run his family’s insurance agency, FCI Agency, for over 15 years (BBB A+). He is licensed as an insurance agent to write property and casualty insurance, including home, life, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like Reviews.com and Safeco. To ensure our content is accura...
Licensed Auto 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.