How to find the cheapest car insurance in Albuquerque
On average, auto insurance in Albuquerque costs about $96 per month for minimum coverage liability insurance, and about $198per month for full coverage insurance. Albuquerque drivers pay 12% less than the New Mexico average.
One of the best ways for Albuquerque drivers to reduce their auto-related expenses is to find an affordable car insurance policy. Jerry Insurance Agency assists drivers in Albuquerque with comparing quotes and buying policies. Jerry’s user-friendly insurance comparison app is fast and simple.
Below are some cheapest car insurance quotes Jerry found for customers in this area.
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Insurance Company
|
Premium (monthly)
|
Age
|
Zip Code
|
Car
|
Insurance Coverage
|
Has Full Coverage
|
|---|---|---|---|---|---|---|
| Kemper | $233 | 44 | 87111 | Nissan Rogue S | State Minimum | Yes |
| Travelers | $155 | 53 | 87106 | Nissan Leaf S | State Minimum | Yes |
| Safeco | $65 | 42 | 87105 | Toyota Scion Xb | State Minimum | No |
| Bristol West | $48 | 50 | 87112 | Nissan Versa S | State Minimum | No |
| Progressive | $102 | 39 | 87114 | Volkswagen Golf Tdi | State Minimum | Yes |
Best Car Insurance Companies in Albuquerque
It’s essential to understand that there is no one-size-fits-all “cheapest” insurance provider for every Albuquerque driver.
Jerry conducted an extensive survey of auto insurance providers to help Albuquerque drivers identify the company that offers the most competitive rates. This survey is the largest of its kind in the nation and aims to help you in making an informed decision about your insurance coverage.
Some of the most popular car insurance providers in Albuquerque include:
- State Farm
- Allstate
- GEICO
- Progressive
- Farmers
- USAA (for military personnel and their families)
- Liberty Mutual
- Nationwide
- American Family Insurance
- Travelers
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 property damage liability per accident
Drivers take advantage of the Jerry app to secure affordable minimum liability plans.
Do you need more than minimum coverage in Albuquerque?
Many Albuquerque drivers prefer higher coverage limits than required by New Mexico insurance laws 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
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Insurance Company
|
Premium (monthly)
|
Age
|
Zip Code
|
Car
|
Insurance Coverage
|
Has Full Coverage
|
|---|---|---|---|---|---|---|
| Kemper | $233 | 44 | 87111 | Nissan Rogue S | State Minimum | Yes |
| Travelers | $155 | 53 | 87106 | Nissan Leaf S | State Minimum | Yes |
| Progressive | $102 | 39 | 87114 | Volkswagen Golf Tdi | State Minimum | Yes |
| Safeco | $244 | 27 | 87108 | Nissan Rogue S | 100/300 | Yes |
| Nationwide | $170 | 59 | 87123 | Chevrolet Spark Ls | 50/100 | Yes |
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.
Average cost of car insurance in Albuquerque
Albuquerque drivers pay an average of $1,152 for minimum coverage and $2,372 for full coverage car insurance per year. That translates to just under $96 a month for a liability only policy, and about $198 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 |
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.
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.
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Speeding Type
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Insurance Company
|
Premium (monthly)
|
Age
|
Zip Code
|
Car
|
Insurance Coverage
|
Has Full Coverage
|
|---|---|---|---|---|---|---|---|
| Speeding Violation-Minor | Progressive | $186 | 25 | 87116 | Hyundai Accent Base | 100/300 | Yes |
| Speeding Violation-Minor | Progressive | $136 | 28 | 87111 | Hyundai Elantra Gls | 100/300 | Yes |
| Speeding Violation-Minor | Bristol West | $79 | 23 | 87121 | Toyota Scion Tc | State Minimum | No |
| Speeding Violation-Minor | Progressive | $80 | 40 | 87114 | Audi Allroad | 100/300 | No |
| Speeding Violation-Minor | Progressive | $102 | 39 | 87114 | Volkswagen Golf Tdi | State Minimum | Yes |
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.
Cheapest car insurance in Albuquerque after an at-fault accident
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Accident Type
|
Insurance Company
|
Premium (monthly)
|
Age
|
Zip Code
|
Car
|
Insurance Coveraage
|
Has Full Coverage
|
|---|---|---|---|---|---|---|---|
| At Fault With No Injury | Travelers | $155 | 53 | 87106 | Nissan Leaf S | State Minimum | Yes |
| Not At Fault | Bristol West | $48 | 50 | 87112 | Nissan Versa S | State Minimum | No |
| At Fault With No Injury | Progressive | $88 | 82 | 87120 | Pontiac Vibe | State Minimum | Yes |
| At Fault With No Injury | Bristol West | $699 | 29 | 87109 | Honda Civic Ex | 100/300 | Yes |
| At Fault With Injury | Progressive | $299 | 38 | 87108 | Kia Forte Lx | 50/100 | Yes |
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 various offenses.
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Violation
|
Insurance Company
|
Premium (monthly)
|
Age
|
Zip Code
|
Car
|
Liability Limits
|
Has Full Coverage
|
|---|---|---|---|---|---|---|---|
| Other Major | Bristol West | $71 | 32 | 87121 | Audi A5 Premium Plus | State Minimum | No |
| DUI | Progressive | $163 | 28 | 87106 | Mazda 3 Sport | State Minimum | No |
| DUI | Bristol West | $135 | 28 | 87109 | Volkswagen Jetta Tdi | State Minimum | No |
| DUI | Progressive | $132 | 31 | 87111 | Buick Encore Preferred | State Minimum | Yes |
| DUI | Progressive | $62 | 45 | 87112 | Jeep Liberty Sport | State Minimum | No |
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.
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, car insurance rates for seniors are higher.
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 a gap in insurance coverage 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.
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).
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Credit Range
|
Insurance Company
|
Premium (monthly)
|
Age
|
Zip Code
|
Car
|
Insurance Coverage
|
Has Full Coverage
|
|---|---|---|---|---|---|---|---|
| <550 | Progressive | $93 | 33 | 87110 | Nissan Versa S | State Minimum | No |
| 660-750 | Bristol West | $52 | 37 | 87108 | Ford Explorer Xlt | State Minimum | No |
| 660-750 | Progressive | $133 | 31 | 87109 | Ford Fusion Se | State Minimum | Yes |
| 660-750 | Progressive | $73 | 33 | 87104 | Honda Insight Ex | State Minimum | Yes |
| 550-659 | Dairyland | $191 | 54 | 87109 | Kia Forte Fe | State Minimum | Yes |
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
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Popular Car
|
Insurance Company
|
Premium (monthly)
|
Age
|
Zip Code
|
Insurance Coverage
|
Has Full Coverage
|
|---|---|---|---|---|---|---|
| Nissan Rogue S | Kemper | $233 | 44 | 87111 | State Minimum | Yes |
| Nissan Rogue S | Safeco | $244 | 27 | 87108 | 100/300 | Yes |
| Honda Civic Ex | Bristol West | $699 | 29 | 87109 | 100/300 | Yes |
| Toyota Corolla L | Travelers | $166 | 40 | 87114 | State Minimum | Yes |
| Nissan Rogue S | Progressive | $50 | 61 | 87108 | State Minimum | No |
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.
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
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Licensed Insurance Agent
R.E. Fulton is an expert insurance writer specializing in car ownership topics from car shopping and loan advice to insurance and repair guides. R.E.’s mission is to create unique and accessible content that helps readers to become more successful and independent car owners. R.E. has written and edited over 900 high-performing articles for Jerry, with an average of 1 million+ views. As a senior writer on Jerry’s editorial team, R.E. draws on over 10 years of experience as a professional writer and digital publishing specialist. Prior to joining Jerry’s editorial team in 2021, R.E. worked as a writing coach at Columbia University, the Rochester Institute of Technology (RIT), and the University of Rochester. They serve as a managing editor for peer-reviewed history publication Nursing Clio, where their work has appeared regularly since 2015.
Lina Zhang is co-founder and vice president of operations at Jerry, where she leads a global team responsible for operations, talent acquisition, content, legal, and compliance. Lina’s operational excellence was a critical enabler of Jerry’s 10x growth in its first year of operation.
Prior to Jerry, Lina and her Jerry co-founders, Art Agrawal and Musawir Shah, led YourMechanic, the largest on-demand car repair services provider. In one year, Lina built and scaled YourMechanic operations from five markets to more than 50. The trio left YourMechanic to incubate Jerry at Y Combinator in 2017.
Lina’s previous roles include intellectual property attorney at Morrison & Foerster LLP and a biomedical researcher at Stanford University.
Lina holds a bachelor’s degree in biochemistry from Nanjing University, a doctorate in biochemistry from Dartmouth College, and a juris doctorate from the University of California Berkeley School of Law. She’s a member of the State Bar of California and a licensed property and casualty insurance producer in all 50 states.
As Vice President of Insurance Operations at Jerry, Josh Damico leads teams across product development, operations and carrier relations, integrating Jerry’s smart and fast car insurance customer experience with that of traditional carriers to help customers find savings and coverage. Josh’s nearly 20 years of insurance-industry experience and knowledge generate partnerships with more than 55 name-brand and specialty insurance partners that enable Jerry to serve customers with all types of vehicle and policy needs.
Previously, Josh held executive roles at Geico, where he had vast regional oversight and leadership opportunities. In his most recent role as director of sales, servicing, and underwriting, Josh developed and executed profit and growth strategy for the New England states and New Jersey.
Josh holds a bachelor’s degree in business administration and management from Medaille College.
*Illustration only. For all the pricing information presented in this article (including various tables), please note that not all customers find savings and the information is for illustrative purposes only. Savings depend on type of car, location, policy features, driving history and other factors. Drivers who switch through Jerry save over $70/month on average.
