Cheapest car insurance in Albuquerque, New Mexico (Apr 2024)

American Family Insurance

property damage liability

Popularity may vary based on individual preferences, coverage needs, and specific circumstances. It is always recommended to compare quotes and policies from multiple insurance providers to find the best fit for your needs.

The table below shows how drivers in Albuquerque rate different companies on a scale of 0 to 5.

Insurance company	Overall rating	Price	Claims experience	Customer service
Allstate	4.7	4.3	N/A	4.7
Progressive	4.4	3.9	4.7	4.4
State Farm	3	N/A	N/A

How'd we get these scores?
Jerry's experts conducted one of the largest car insurance surveys in the United States. We surveyed 15,000 policyholders, in all 50 states, over the span of 18 months. These policyholders hold insurance policies with 87 different insurance companies. We surveyed policyholders to gauge their satisfaction with their insurance carriers in: policy cost, customer service, buying and renewal experience, as well as claim experience. These scores were all reported by real customers of the insurance companies.

Best cheap car insurance quotes in Albuquerque

Like most states, New Mexico has minimum

liability insurance

requirements that you must meet before hitting the road. Purchasing additional coverage is advisable to ensure you’re financially protected in all situations.

Cheap minimum liability insurance quotes in Albuquerque

In Albuquerque, the minimum car insurance requirements include:

$25,000 for

bodily injury liability

per person

$50,000 for bodily injury liability per accident

$10,000 for

per accident

Drivers take advantage of the Jerry app to secure affordable minimum liability plans.

Julian (55 years old)

Coverage

State Minimum

Albuquerque, NM
(Zip Code: 87113)

Ford Escape SE

$130

per month

New Mexico insurance laws

Matilda (34 years old)

Coverage

State Minimum

Albuquerque, NM
(Zip Code: 87111)

Cadillac XT5 Premium Luxury

$111

per month

Allstate

Trevor (33 years old)

Coverage

State Minimum

Albuquerque, NM
(Zip Code: 87111)

Lexus ES 350

$154

per month

Safeco

Brian (38 years old)

Coverage

State Minimum

Albuquerque, NM
(Zip Code: 87120)

Tesla Model Y

$176

per month

State Auto

Antonio (38 years old)

Coverage

State Minimum

Albuquerque, NM
(Zip Code: 87109)

Honda Civic SE

$146

per month

Do you need more than minimum coverage in Albuquerque?

Many Albuquerque drivers prefer higher coverage limits than required by

to get better financial protection in case of an accident. Consult with an insurance professional to determine the appropriate coverage for your specific situation.

The bottom line: Insurance experts generally recommend purchasing at least 100/300/100 liability coverage for optimal protection—or full coverage for even better protection.

Cheap full coverage car insurance quotes in Albuquerque

Full coverage car insurance is highly recommended for Albuquerque drivers—and it’s typically required when you’re

buying insurance for a financed vehicle

Comprehensive

and

collision coverage

are included in a full coverage insurance policy.

Collision coverage helps cover the costs of repairing or replacing your vehicle if it's damaged in an accident

Comprehensive coverage provides protection for damages caused by events like vandalism, environmental factors, and even theft

Jerry can help you find full coverage policies that won’t break the bank.

Insurance coverage	Insurance company	Premium (monthly)	Customer	Car
• State Minimum Liability • Comp / Collision	Progressive	$129	Etta, 27 Zip: 87114	Nissan Kicks SR
• 100,000/300,000 Liability • Comp / Collision	Travelers	$83	Eunice, 60 Zip: 87120	Lexus CT 200
• 50,000/100,000 Liability • Comp / Collision	Safeco	$161	Steve, 39 Zip: 87120	Tesla Model Y
• 50,000/100,000 Liability • Comp / Collision	Allstate	$166	Essie, 28 Zip: 87121	Dodge Challenger SXT
• State Minimum Liability • Comp / Collision	Gainsco	$269	Louise, 30 Zip: 87109	Nissan Altima 2.5

Last Updated Apr 21, 2024

The easiest and fastest way to find the cheapest car insurance for your preferred coverage option is to compare car insurance rates online.

Jerry,

a top insurance agency

, offers a free app that compares car insurance quotes and provides end-to-end service to customers with the help of 100+ licensed insurance agents.

"Jerry is the new benchmark in app usefulness. Period. It is SO EASY and the results are SO GOOD, and they specifically point out that no one is going to start calling and emailing me all the time. I gave very little info, it pulled up all my existing insurance info, and showed me how to get the same insurance for less, lesser coverage for huge savings, or better coverage for about the same I currently pay. I am personally saving around $1,400/year with my new insurance, and the entire process (including follow ups to sign the docs from the insurance companies) took less than an hour. If you make over $1,400/hour, this may not be worth your time. Otherwise, get the app and use it now!"

Sean S.

| Verified Jerry Customer

Lower my car insurance too!

Average cost of car insurance in Albuquerque

Albuquerque drivers pay an average of $1,152 for minimum coverage and $2,209 for full coverage car insurance per year. That translates to just under $96 a month for a liability only policy, and about $184 a month for full coverage in Albuquerque.

Although average Albuquerque insurance rates can provide a general estimation of your insurance costs, premiums are influenced by several individual factors—the type of vehicle, driving record, claims history, and demographic information, for example. As a result, the actual insurance expenses for each Albuquerque driver can vary significantly.

Average cost of car insurance in Albuquerque by zip code

Within the city limits, Albuquerque drivers face varying levels of risk. Zip code is one way that insurance companies determine the amount of risk you face. Some zip codes experience higher rates of auto theft and car accident claims—and in these areas, Albuquerque drivers pay more for insurance than those who live in less “risky” zip codes.

Zip Code	Average State Minimum Coverage Rate	Average Full Coverage Rate
87102	$55	$152
87104	$78	$105
87105	$76	$128
87106	$87	$153
87107	$57	$169
87108	$69	$175
87109	$69	$115
87110	$85	$146
87111	$100	$168
87112	$78	$144
87113	$95	$237
87114	$79	$165
87120	$78	$146
87121	$83	$157
87123	$77	$128

Compare car insurance costs in other states

Colorado car insurance

Arizona car insurance

Texas car insurance

Utah car insurance

Oklahoma car insurance

Kansas car insurance

Nebraska car insurance

Wyoming car insurance

Car insurance quotes in Albuquerque by rating factors

Insurance companies in Albuquerque use many rating factors when

calculating your auto insurance premium

Your driving record and claims history: Your driving history, including accidents, traffic violations, and claims, can impact your insurance rates. A clean driving record generally leads to lower premiums.

Your age: Drivers younger than 25 years old will pay higher insurance rates in Albuquerque since insurance companies consider young drivers a higher risk due to limited driving experience.

The kind of car you have: The make, model, and year of your vehicle can affect insurance rates. Expensive and high-performance cars tend to have higher premiums.

Where you keep your car: Where you live and park your vehicle in Albuquerque can affect your rates. Areas with higher crime rates or higher traffic congestion may have higher insurance premiums.

How do different factors impact your car insurance costs in Albuquerque?

Allowed (with applicable limitations): Driving experience, marital status, zip code, gender, age, credit history, education, occupation, employment status, insurance history.

Prohibited (or effectively prohibited): New Mexico currently does not disallow any common insurance rating factors when calculating insurance premiums.

Learn more abut the car insurance rating factors in Albuquerque:

Cheap car insurance quotes in Albuquerque after driving violations

Your driving record plays a vital role in determining the quotes for your car insurance. When insurance companies observe a history of violations, they perceive you as a

high-risk driver

, which can result in increased insurance premiums being charged to you.

Cheapest car insurance in Albuquerque after speeding ticket

Albuquerque laws generally classify speeding violations in various levels:

1-5 MPH over the limit

6-10 MPH over the limit

11-15 MPH over the limit

16-20 MPH over the limit,

21 MPH or more over the limit

Although a

speeding ticket

is likely to increase your Albuquerque car insurance premiums, Jerry is a useful resource for keeping costs as affordable as possible.

Speeding Type	Insurance Company	Premium (monthly)	Customer	Car	Insurance Coverage
Speeding 1-5	Progressive	$166	Lucas, 32 Zip: 87110	Jeep Grand Cherokee Laredo	• State Minimum Liability • Comp / Collision
Speeding 16-20	Bristol West	$183	Terry, 31 Zip: 87112	Honda Odyssey Touring	• State Minimum Liability • Comp / Collision

Last Updated Apr 21, 2024

Cheapest car insurance in Albuquerque after DUI

In Albuquerque,

DUI violations

generally result in a significant rise in car insurance rates compared to other violations. After a DUI, it is often necessary to compare rates from multiple insurance providers to find the most affordable options.

Janie (50 years old)

Coverage

State Minimum

Albuquerque, NM
(Zip Code: 87110)

Dodge Durango Limited

$116

per month

Gainsco

Antonio (27 years old)

Coverage

State Minimum

Albuquerque, NM
(Zip Code: 87111)

Mazda 3 Sport

$156

per month

Bristol West

Amelia (31 years old)

Coverage

State Minimum

Albuquerque, NM
(Zip Code: 87112)

Honda Odyssey Touring

$183

per month

Kemper

Adam (32 years old)

Coverage

State Minimum

Albuquerque, NM
(Zip Code: 87106)

Mercedes-Benz C 300

$69

per month

Cheapest car insurance in Albuquerque after an at-fault accident

Your car accident and claims history will have a significant impact on your car insurance premium.

Insurance providers thoroughly examine your previous at-fault accidents to evaluate the level of risk you pose as an insured driver. If you have recently been involved in an at-fault accident, there is a possibility that your car insurance rates may see a significant increase.

Accident type	Insurance company	Premium (monthly)	Customer	Car	Insurance coverage
At Fault With Injury	Progressive	$101	Susan, 28 Zip: 87105	Honda HR-V EX	• State Minimum Liability
At Fault With No Injury	Safeco	$107	Hester, 22 Zip: 87112	Ford Mustang GT	• State Minimum Liability
Not At Fault	Nationwide	$219	Blanche, 39 Zip: 87107	Jaguar F-Type R	• 100,000/300,000 Liability • Comp / Collision
At Fault With No Injury	Allstate	$232	Virgie, 34 Zip: 87114	Nissan Maxima S	• 100,000/300,000 Liability • Comp / Collision

Last Updated Apr 23, 2024

Cheapest car insurance in Albuquerque after other driving violations

Apart from speeding tickets and DUIs, violations such as

reckless driving

and driving with a suspended license can also result in increased car insurance costs in {city}.

Jerry has helped Albuquerque drivers find cheap auto insurance after varoius offenses.

Violation	Insurance company	Premium (monthly)	Customer	Car	Insurance coverage
Failure to Obey Signal	Progressive	$77	Hilda, 21 Zip: 87114	Mazda 3 Hatchback	• State Minimum Liability
Careless Driving	National General	$141	Ina, 52 Zip: 87108	Acura MDX Advance	• State Minimum Liability
Driving on Sus. License	National General	$141	Beulah, 52 Zip: 87108	Acura MDX Advance	• State Minimum Liability
Failure to Obey Signal	Gainsco	$266	Flora, 21 Zip: 87114	Mazda 3 Hatchback	• State Minimum Liability

Last Updated Apr 23, 2024

Cheap car insurance quotes in Albuquerque by age

In Albuquerque, young drivers and those with permits or other types of

provisional licenses

typically encounter considerably high insurance rates due to their limited driving experience. Rates tend to fall after the age of 25 before increasing again after the age of 70.

Cheapest car insurance in Albuquerque for young drivers

In Albuquerque, teen drivers aged 16 to 19 tend to experience the highest insurance rates compared to other age groups.

For teenage drivers in Albuquerque who own newer vehicles, higher minimum coverage levels and/or full coverage insurance are recommended. This suggestion is based on the higher probability of teenagers being involved in accidents compared to other age groups. Full coverage insurance offers increased financial protection in such circumstances.

Charlie (21 years old)

Coverage

State Minimum

Albuquerque, NM
(Zip Code: 87114)

Mazda 3 Hatchback

$77

per month

Dora (24 years old)

Coverage

State Minimum

Albuquerque, NM
(Zip Code: 87102)

Volkswagen Passat SEL

$227

per month

Allstate

Adeline (21 years old)

Coverage

State Minimum

Albuquerque, NM
(Zip Code: 87121)

Toyota Camry LE

$192

per month

car insurance rates for seniors

Cory (22 years old)

Coverage

50,000 per person

100,000 per accident bodily injury

Comp / Collision

Albuquerque, NM
(Zip Code: 87121)

Toyota Scion TC

$99

per month

Gainsco

Cynthia (23 years old)

Coverage

State Minimum

Albuquerque, NM
(Zip Code: 87120)

KIA Forte LX

$181

per month

Cheapest car insurance in Albuquerque for senior drivers

Average premiums in Albuquerque often tend to increase once a driver reaches their mid-70s. Older drivers have a higher vulnerability to accidents and are more prone to sustaining severe injuries in the event of a collision. Since insurance companies incur significant medical expenses and higher costs,

are higher.

a gap in insurance coverage

Alejandro (66 years old)

Coverage

State Minimum

Albuquerque, NM
(Zip Code: 87123)

Volkswagen CC Sport

$115

per month

Dairyland

Ella (77 years old)

Coverage

State Minimum

Albuquerque, NM
(Zip Code: 87114)

KIA Sorento

$90

per month

Kemper

Victoria (65 years old)

Coverage

State Minimum

Albuquerque, NM
(Zip Code: 87106)

Audi A4 1.8 Cabriolet

$74

per month

Cheap car insurance quotes in Albuquerque based on insurance history

Your insurance history is a significant factor in determining your car insurance rates.

Typically, drivers with

will face higher insurance rates. To support Albuquerque customers in making timely insurance payments and preventing coverage gaps, Jerry sends payment reminders for upcoming and late payments.

Jerry has helped many Albuquerque customers who are currently uninsured or have experienced coverage lapses to secure new affordable policies.

Willie (55 years old)

Currently Insured

Coverage

State Minimum

Albuquerque, NM
(Zip Code: 87113)

Ford Escape SE

$130

per month

Adrian (60 years old)

Currently Insured

Coverage

100,000 per person

300,000 per accident bodily injury

Comp / Collision

Albuquerque, NM
(Zip Code: 87120)

Lexus CT 200

$83

per month

Safeco

Wayne (39 years old)

Currently Insured

Coverage

50,000 per person

100,000 per accident bodily injury

Comp / Collision

Albuquerque, NM
(Zip Code: 87120)

Tesla Model Y

$161

per month

Compare car insurance quotes now

Ivan (39 years old)

Currently Insured

Coverage

100,000 per person

300,000 per accident bodily injury

Comp / Collision

Albuquerque, NM
(Zip Code: 87107)

Jaguar F-Type R

$219

per month

Clearcover

Ellen (30 years old)

Currently Insured

Coverage

State Minimum

Albuquerque, NM
(Zip Code: 87107)

Honda FIT EX

$85

per month

Over 4,000,000 customers and counting

We love saving our customers money. Turns out, they love it too! Here's what they have to say about their switch with Jerry:

Love the prices at the general, I'm only 21 so my insurance rates are still pretty high, but they're the cheapest I could find on the market in my area.

Yoshi

I signed up with Jerry, and the process was so easy! I got to compare rates quickly and decide without any hassle.

Annalise

They've been great! Quick and easy and saved me lots of money!

Cameron

I've been paying way too much for minimal coverage under a major company for many years. My rate is less than half for the exact same coverage. Of course I switched. I'd like to keep my money, thanks!

Ann-Marie

Cheap car insurance quotes in Albuquerque for drivers with poor credit

Albuquerque drivers with lower credit scores typically experience higher insurance costs compared to those with higher credit ratings—even though

credit scores

do not directly reflect driving proficiency. That’s because insurance companies have observed a correlation between bad credit and an increased frequency of filed claims by drivers.

Nationwide, the average car insurance premium for individuals in the highest credit bracket (above 750) is roughly 20% higher than the average cost for individuals in the lowest credit bracket (with scores below 550).

Credit Range	Insurance Company	Premium (monthly)	Customer	Car	Insurance Coverage
> 750	Progressive	$130	Belle, 20 Zip: 87116	KIA Forte GT Line	• State Minimum Liability
660 - 750	Allstate	$155	Landon, 32 Zip: 87112	KIA Sorento LX	• 50,000/100,000 Liability • Comp / Collision
660 - 750	Gainsco	$181	Gene, 23 Zip: 87120	KIA Forte LX	• State Minimum Liability
550 - 659	Safeco	$295	Craig, 37 Zip: 87105	BMW X2 sDrive28i	• 50,000/100,000 Liability • Comp / Collision
< 550	Bristol West	$67	Lloyd, 34 Zip: 87123	Toyota Camry CE	• State Minimum Liability

Last Updated Apr 23, 2024

Cheap car insurance quotes in Albuquerque for popular cars

The car, SUV, or truck you drive on the streets of Albuquerque plays a crucial role in determining your car insurance premiums. Various factors related to the type of car influence insurance costs, such as repair or replacement expenses, the risk of theft, and the overall safety performance of the vehicle.

Popular makes and models for Albuquerque drivers looking to save money include:

Honda Civic

Nissan Rogue

Ford Bronco

Chevrolet Silverado 1500

Toyota Corolla

MORE: How to get car insurance before buying a car

Popular Car	Insurance Company	Premium (monthly)	Customer	Insurance Coverage
Honda Civic SE	Progressive	$110	Lola, 38 Zip: 87109	• State Minimum Liability • Comp / Collision
Nissan Rogue Sport S	Allstate	$201	Ann, 30 Zip: 87121	• 50,000/100,000 Liability • Comp / Collision
Chevrolet Silverado C1500 Crew Cab	Safeco	$73	Ruth, 24 Zip: 87112	• State Minimum Liability
Toyota Corolla CE	Gainsco	$117	Nora, 29 Zip: 87108	• State Minimum Liability

Last Updated Apr 23, 2024

How to lower car insurance costs in Albuquerque

1. Shop around and compare quotes

Shopping for insurance is way less fun than shopping for groceries—but at least it can be done quickly, with help from a comparison app. Every company has its own formula for calculating rates, so it’s a good idea to get quotes from multiple companies to find the best possible rate.

Jerry

is a free comparison app that pulls quotes from top insurance providers so you can compare them side-by-side. No gimmicks! Compare prices, adjust coverage until you’re happy, and then tap to sign up.

2. Hunt for car insurance discounts

Every insurance company offers

a set of discounts

, but the exact discount offered varies by company. Some common discounts for Albuquerque drivers include:

Good driver discounts. If you have avoided at-fault accidents and you don’t have any (or many) points on your driver’s license, you may qualify for a small safe driver discount.

Telematics discounts. Telematics programs track your driving behavior and report back to the company. Good driving behavior earns rewards! You can usually get a discount just for signing up, too.

Good student discounts. Full-time students in Albuquerque—that’s high school or college—can usually unlock a discount for earning at least a B average. Prepare to show proof of enrollment and proof of grade point average.

Bundling discounts.

Bundle your home and auto insurance

(or auto and renters) with the same company, and you could get a discount on both policies.

3. Increase your deductible for comprehensive and collision coverage

If you’ve got full coverage car insurance in Albuquerque, increasing your deductible is an easy way to keep your monthly expenses low without sacrificing coverage.

MORE:

How to choose a car insurance deductible

Why is car insurance in Albuquerque so expensive?

High rate of uninsured drivers: New Mexico has one of the highest rates of uninsured drivers in the United States. It’s unclear how many of them are located in Albuquerque, but you do run the risk of getting into an accident with one of them. This can drive up insurance costs.

Frequency of accidents: Albuquerqueexperiences a lot of traffic accidents and claims. This could be due to various factors, such as road conditions, weather conditions, and driver behavior. Insurance companies factor in the risk of accidents when determining premiums, so higher accident rates can lead to higher insurance costs.

FAQ

How much is car insurance in Albuquerque?

People living in Albuquerque pay on average $96 per month – or $1,152 per year – on state-minimum liability coverage. Full coverage in Albuquerque costs on average $184 per month of $2,209 per year.

With car insurance though, there’s no such thing as average. It is important to know that car insurance varies greatly based on a driver’s individual situation. Shopping around for car insurance quotes is the best way to get an accurate idea of how much you can expect to pay on insurance. Luckily, Jerry is here to take the hassle out of insurance shopping! At the click of a button, Jerry will help you compare personalized quotes from top insurance providers. Best of all, it’s 100% free.

What is the cheapest car insurance in Albuquerque?

Based on thousands of Albuquerque drivers Jerry has worked with, car insurance in Albuquerque costs an average of $96 per month for state-minimum coverage and $184 per month for full coverage.

No single insurance company has the cheapest insurance for everyone, but by shopping for insurance quotes, you can find the cheapest insurance company for you. Jerry takes the hard work and the waiting out of insurance shopping – generating you quotes with the best coverage and best prices in seconds, 100% free. Try Jerry Today!

What is the best car insurance in Albuquerque?

Shopping for the best coverage at the best price is important, but customer service may play a role in what insurance company you pick, too.

Dairyland

Kemper

, and