3+ years experience in insurance and personal finance editing
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.
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Set in the Chihuahuan Desert, Albuquerque has stunning natural beauty and a bustling urban economy. And, as New Mexico’s most populous city, its roads are busy — which may explain the higher auto insurance rates. Albuquerque drivers pay an average of $192 per month for auto insurance, which is higher than the New Mexico state average of $164 per month.
State Farm, USAA, and GEICO offer the cheapest car insurance in Albuquerque, with average rates well below the city average. Here’s what you need to know about finding the most affordable car insurance in Albuquerque.
Quick Facts
Insurers in New Mexico can consider your credit history when determining your premium, but a lack of credit history can’t negatively influence your given rate.[1]
Albuquerque drivers pay an average of $250 per month for full-coverage insurance.
First-time DUI offenders in New Mexico need to pay a fine of up to $500, take a DUI educational course, complete at least 24 hours of community service, and more.[2]
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Best car insurance companies in Albuquerque
The best car insurance company for you will depend on your specific needs as a driver, as well as your driving record and more. The following table outlines three of the best car insurance companies in Albuquerque and the drivers these companies best serve.
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.4
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
842
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$37/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$62/mo
State Farm is the largest car insurance company in the country by market share. It offers a wide array of insurance coverage options, including roadside assistance, rental car insurance, and rideshare insurance. Albuquerque drivers who choose State Farm tend to pay rates well below the city average.
Drivers can save even more when they bundle their auto insurance with homeowners insurance or renters insurance from State Farm.
Pros
Lowest average cost for full-coverage insurance in Albuquerque
Above-average J.D. Power customer satisfaction score
Drive Safe and Save telematics program rewards safe driving
Cons
Mixed customer reviews on sites like Better Business Bureau (BBB) and Trustpilot
Above-average amount of customer complaints to the National Association of Insurance Commissioners (NAIC)
May lack the personalized attention you’d get from a smaller insurer
I feel like I am being way overcharged for my insurance since I have had no accidents or tickets in the last 10 years.
Theresa - September 14, 2023
Verified
I really enjoyed working with them, I just couldn't keep up with the expensive rates.
Becki - September 13, 2023
Verified
I was 5 stars until the recent increase, without any explanation.
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.3
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
880
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$45/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$75/mo
New Mexico drivers who get a DUI can lose their license for up to a year and tend to face higher car insurance rates once the state reinstates their license. Luckily, USAA offers relatively low rates in Albuquerque. Drivers in USAA’s SafePilot program can earn an even lower rate if they drive safely.
USAA has years of industry experience and earns high marks in customer satisfaction from J.D. Power. Drivers should note that USAA policies are only available to active-duty, reserve, and retired military members and their families.
Pros
Best-in-class customer satisfaction scores
Several discounts that reward safe driving and good grades
Some of the lowest rates in Albuquerque
Cons
Only available to military members and their families
Above-average amount of customer complaints to the NAIC
Rideshare coverage not available
They are the best in customer service.
Brenda - September 13, 2023
Verified
Overall poor service, took a safe driving discount away because I wasn’t driving enough.
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.3
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
835
Liability Only
Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages.
$47/mo
Full Coverage
Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible.
$76/mo
Albuquerque teens age 15 and older can apply for an instructional permit. Teen drivers statistically get into a larger number of accidents, which is why they tend to pay higher car insurance rates on average. Luckily, GEICO offers several discounts to young drivers.
GEICO already offers some of the most affordable auto insurance in Albuquerque. Teen drivers can save up to 15% when they maintain a “B” average or better in school.
Pros
A.M. Best financial strength rating of A++ (Superior)
DriveEasy telematics program rewards safe driving
Above-average J.D. Power claims satisfaction rating
Cons
Below-average J.D. Power customer satisfaction score in the Southwest region
Mixed customer reviews on BBB website
Above-average amount of customer complaints to the NAIC
Unwilling to work with clients. Especially senior citizens on a fixed income.
Janina - September 10, 2023
Verified
Awesome customer service, good prices, easy to deal with.
Kathleen - September 9, 2023
Verified
Good treatment in responding to questions and handling of my accident, especially because I was not at fault. No hesitation in paying the repair bill and then collecting from the at-fault insurance company client's policy.
Cheapest liability-only car insurance in Albuquerque
If you cause an accident, liability auto insurance covers medical bills and vehicle repair costs for the other driver and their passengers. It doesn’t provide any coverage for your vehicle damage or bodily injury. Liability-only insurance with minimum limits is the cheapest coverage option, but it often doesn’t provide sufficient coverage.[3]
Here are the cheapest liability coverage options available in Albuquerque.
The below rates are estimated rates current as of: Tuesday, November 7 at 11:00 AM PST.
Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
Cheapest full-coverage car insurance in Albuquerque
Full-coverage car insurance includes liability, collision, and comprehensive coverage. Collision insurance covers the cost of repairs to your own car after an accident, while a comprehensive policy covers repair costs after damage from non-collision events, like theft or severe weather.[4]
Because it provides more protection than liability-only coverage, a full-coverage policy may make sense for drivers of new, high-value, or financed vehicles. The average cost of full-coverage insurance is higher than liability-only coverage.
The insurers below offer some of the best rates for full-coverage insurance.
The below rates are estimated rates current as of: Tuesday, November 7 at 11:00 AM PST.
Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
Car insurance requirements in New Mexico
Drivers in New Mexico must carry a minimum amount of liability insurance to drive legally in the state, including bodily injury and property damage liability. New Mexico is an at-fault state, which means the at-fault driver’s liability insurance will cover the other driver’s repair costs and medical costs in the event of an accident.
You can find New Mexico’s specific minimum liability insurance requirements below.[5]
New Mexico drivers can choose the following optional coverages for some added protection:
Collision coverage
If you have an accident with another vehicle or object, collision coverage pays for damages to your vehicle, regardless of fault.
Comprehensive coverage
If a non-collision event — such as theft, vandalism, fire, or severe weather — damages your vehicle, comprehensive coverage kicks in.
Uninsured/underinsured motorist coverage
Uninsured/underinsured motorist coverage protects you if you have an accident with someone who doesn’t have any or enough insurance to cover your damages.
Cheapest car insurance for drivers with an incident
Your car insurance rates will likely increase if you have a traffic violation, which includes speeding tickets, driving under the influence, at-fault accidents, and other moving violations. Car insurance companies will see you as more likely to file future claims, so they charge more to offset this risk.[6]
How much your car insurance rates increase in Albuquerque will vary based on the company you purchase a policy from and the severity of your violation. It usually takes a few years of safe driving to bring your rates back down after they increase due to an incident.
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Cheapest car insurance for drivers with a speeding ticket
Albuquerque has automated speed-enforcement zones, which use speed cameras to penalize drivers who exceed the speed limit. Speeding citations from these automated areas can come with a fine of up to $100. People in Albuquerque with speeding tickets on their driving record also tend to pay a bit more for car insurance than people with a clean record.[7]
Here are the cheapest car insurance companies in Albuquerque if you have a speeding ticket in your driving history.
The below rates are estimated rates current as of: Tuesday, November 7 at 11:00 AM PST.
Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
Cheapest car insurance for drivers with an at-fault accident
Drivers in Albuquerque with an at-fault accident on their record pay more on average for car insurance than drivers with a clean record. The severity of the accident and the extent of the claims payout can also influence how much your premium increases. If you have multiple accidents, your insurance company may even choose not to renew your policy.[8]
Here are the cheapest car insurance options in Albuquerque for drivers with an at-fault accident.
The below rates are estimated rates current as of: Tuesday, November 7 at 11:00 AM PST.
Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
Cheapest car insurance for drivers with a DUI
A DUI is one of the most severe traffic violations you can receive. New Mexico drivers who drive under the influence will lose their license for six months after a first offense, and up to a year after a second offense. New Mexico law states that any DUI conviction will stay on a driver’s record for up to 55 years. Your insurance rates will also increase significantly following a DUI.[9]
Here are the cheapest car insurance options in Albuquerque for drivers with a DUI.
The below rates are estimated rates current as of: Tuesday, November 7 at 11:00 AM PST.
Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
Cheapest car insurance for seniors
In Albuquerque, 15% of the population is over the age of 65, which is lower than New Mexico’s overall proportion of 65+ residents (19%).[10]Your age can affect how much you pay for car insurance. While young people pay the most for car insurance, rates can also increase a bit for senior drivers. Drivers older than 75 may face increased rates due to aging-related risks.
Senior drivers looking for cheap car insurance rates should consider the following companies.
The below rates are estimated rates current as of: Tuesday, November 7 at 11:00 AM PST.
Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
Cheapest car insurance for teens
Teen drivers are nearly three times more likely to get in a fatal crash than drivers older than 20, Centers for Disease Control and Prevention (CDC) data shows.[11] Due to their lack of driving experience, teens are risky to insure, which is why car insurance companies tend to charge them higher rates. In Albuquerque, teens typically pay more for car insurance than any other age group.
Teen drivers can save by joining their parents’ existing car insurance policy, purchasing a safe vehicle, and earning a good student discount.
Here are the cheapest companies for teen drivers in Albuquerque.
The below rates are estimated rates current as of: Tuesday, November 7 at 11:00 AM PST.
Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers and quote estimates from Quadrant Information Services. Actual quotes may vary based on the policy buyer's unique driver profile.
How to get the cheapest car insurance in Albuquerque
Drivers in Albuquerque pay car insurance rates that exceed the state average. Fortunately, drivers can save on their auto insurance policy with the following strategies:
Pick the right car. Newer and more expensive vehicles often come with higher insurance rates. Choose a safer car, like a sedan over a sports car, if you’re looking for the cheapest rate.
Choose a higher deductible. A deductible refers to the amount you pay out of pocket on a claim before your insurance kicks in. Drivers with higher deductibles generally pay lower monthly rates.
Look for discounts. Car insurance companies like to reward drivers for safe driving, investing in safety features, and bundling their car insurance with other insurance products from the same company.
Shop around. Car insurance prices vary by company. Receiving quotes from three or more auto insurance companies and comparing them side by side is the best way to find a low rate.
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Albuquerque car insurance quotes by credit tier
New Mexico doesn’t allow car insurance companies to use a lack of credit history as a factor in setting car insurance premiums. But if you do have a credit history, car insurance companies may look at your credit score as one factor influencing your rates. Drivers in Albuquerque with excellent or good credit scores typically pay less than those with poor credit scores.
Here are the average full-coverage car insurance rates for Albuquerque drivers by credit tier.
Rates by Credit Tier
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
Is car insurance more expensive in Albuquerque?
Drivers in Albuquerque pay $250 per month for full-coverage car insurance, which is just $3 less than the full-coverage national average. Albuquerque’s rates are still higher than the New Mexico state average. Rates vary by city and ZIP code based on a variety of factors, including property values, crime rates, and weather patterns.
Albuquerque’s monthly full-coverage rates are on the lower end for a major city. For example, they’re much lower than monthly rates in New York ($550) and Atlanta ($446) but are higher than rates in Chicago ($239) and Cleveland ($231).
More cities in New Mexico
Car insurance rates can vary significantly even within a state. On average, Albuquerque drivers pay $250 per month for full-coverage insurance. Here’s how Albuquerque’s average full-coverage car insurance rates compare to other major cities in the state.
Disclaimer: Table data sourced from real-time quotes from Insurify's 50-plus partner insurance providers. Actual quotes may vary based on the policy buyer's unique driver profile.
Albuquerque car insurance FAQs
Before you select the best insurer, determine how much coverage you need. The information below should help you navigate the process of finding cheap coverage in Albuquerque, New Mexico.
How much is car insurance in Albuquerque?
Car insurance in Albuquerque is $192 per month, on average. Drivers pay $250 per month for full-coverage insurance and $134 per month for liability coverage. Your specific coverage will depend on your driving record, coverage needs, age, credit history, and more.
What are the best car insurance companies in Albuquerque?
State Farm is the best car insurance company in Albuquerque, with an Insurify Quality (IQ) Score of 4.4 out of 5 and an A.M. Best financial strength rating of A++ (Superior). Other top insurers include GEICO and USAA.
How do you register a car in New Mexico?
To register a vehicle in New Mexico, you need to bring documents — including a manufacturer’s certificate of origin, purchase agreement or dealer’s invoice, and an odometer statement — to a Motor Vehicle Department location. You also need to bring proof of insurance and pay a registration fee.[12]
What is the minimum auto insurance coverage in New Mexico?
New Mexico drivers must carry a minimum of $25,000 per person and $50,000 per accident in bodily injury liability and $10,000 per accident in property damage liability.
Methodology
Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 50+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.
Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).
Liability-only premium averages correspond to policies with the following coverage limits:
Bodily injury limits between state-minimum rates and $50,000 per person, $100,000 per accident
Property damage limits between $10,000 and $50,000
No additional coverage
Full-coverage premium averages correspond to the same bodily injury and property damage limits in addition to:
Comprehensive coverage with a $1,000 deductible
Collision coverage with a $1,000 deductible
Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.
New Mexico Department of Motor Vehicles. "Register Your Vehicle." Accessed July 19, 2023
Mark SteinbachInsurance Writer
Mark Steinbach is a writer based in Brooklyn, NY. In addition to his years of work as a copywriter, he is also a TV writer with a degree in English from Harvard University. When he isn't writing, he can be found playing tennis or doing crossword puzzles.
Edited byKatie PowersAuto and Life Insurance Editor
Katie PowersAuto and Life Insurance Editor
Licensed auto and home insurance agent
3+ years experience in insurance and personal finance editing
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.
State Farm
USAA
GEICO
