Cheap Auto Insurance Quotes in Albuquerque, NM (2021)

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Car travel is the main mode of transportation for nearly a half a million Albuquerque residents.

That’s why finding the right car insurance policy for you and your lifestyle is a vital step towards safe driving in New Mexico's largest city. Search and save on the best car insurance policies in Albuquerque today. 

Car Insurance in Albuquerque, NM

The average cost of New Mexico car insurance will vary from city to city and between insurance companies. Insurify analyzed the latest insurance rates in Albuquerque, NM to find you the cheapest quotes in the area.

$35
$70
$120
$134
$160
ProgressiveState FarmNationwideTravelersThe General

Cheapest Car Insurance in Albuquerque

Here are the cheapest carriers in Albuquerque for the following user profile: a single, 30 year old male with a clean driving record who drives a 2012 Honda Accord and pays a $1,000 deductible for the state’s minimum liability insurance.

Best Car Insurance in Albuquerque, NM

The Insurify Composite Score is calculated by analyzing multiple factors that indicate the quality, reliability, and health of an insurance company. Inputs to the score include financial strength ratings from A.M. Best, Standard & Poor’s, Moody’s, and Fitch; J.D. Power ratings, Consumer Reports customer satisfaction surveys, mobile app reviews, and user-generated carrier reviews. The following are the top rated carriers that offer car insurance in Albuquerque. For the complete list, see Insurify's best car insurance companies.

Average Car Insurance Cost

$106
$77
$119
$99
$103
$131
New MexicoLas CrucesRio RanchoSanta FeRoswellAlbuquerque

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Albuquerque, NM Driving Facts

new-mexico

Minimum Car Insurance Requirements in NM

The state of New Mexico requires all motor vehicle operators to have proof of insurance available in the car at all times.

The minimum bodily injury liability insurance requirements in New Mexico are:

  • $25,000 bodily injury liability per person
  • $50,000 bodily injury liability per accident

Bodily injury liability coverage protects you by paying for the injuries of anyone you harm in an accident. The minimum limits New Mexico state law requires are $25,000 for the injury or death of a single person involved in a car accident and $50,000 for the injury or death of multiple persons. Insurance providers list this coverage at 25/50, stating the limitations of each minimum. In an accident, liability coverage protects you up to the policy limit. Damages above the policy limit of $50,000 are your responsibility.

The minimum property damage liabiltiy insurance requirements in New Mexico are:

  • $10,000 property damage liability per accident

Property damage liability coverage pays for any property that you damage in an accident. The state of New Mexico requires $10,000 for the minimum. You’ll see the collective state minimum listed at 25/50/10. The 10 refers to the property damage liability. Once again, any damages above the $10,000 are your responsibility.

Albuquerque Car Insurance Rates by Driver Age

With age comes trusted driving experience, and insurance rates reflect that in Albuquerque. Those in the 20-year-old age bracket have had less time on the road; therefore, they are charged the most: $223 per month on average. Compare that with the average monthly insurance costs of an Albuquerque 70-year-old, and rates decline sharply. This age group pays a monthly average of only $159 to remain on the road.

Driving History
No Violation$194
Speeding Ticket$251
At-Fault Accident$232
Failure to Stop for Red Light / Stop Sign$189

Albuquerque Car Insurance Rates by Driving and Accident History

Want the best insurance rates in Albuquerque? While some risk factors are out of your control, maintaining an excellent driving record is not. Compare insurance rates between those with and without violations on their records, and the savings are easy to see. What kind of rates can a driver with a clean record expect to get on average in Albuquerque? The answer is $193 in monthly insurance premiums. Average rates for those with a speeding ticket or an at-fault accident on their record come in much higher, at $250 and $231, respectively.

Albuquerque Car Insurance Rates by Credit Tier

Want to know why car insurance companies ask so many questions? It’s partly because they want to know how reliable you are. Like it or not, a credit score is a good indicator of a person’s likelihood of filing a claim and costing an insurance company more. A poor credit score could signal insurance companies that you are high-risk, and they’ll then pass those costs on to you. In Albuquerque, drivers with an excellent credit score can expect to pay an average of $208 in insurance premiums monthly.

Albuquerque DMV Information

Albuquerque has a multiple outposts and field offices throughout the city and surrounding areas. Most are open from 9 AM to 5 PM with varying morning and weekend hours. In  the biggest city in the Land of Enchantment, a DMV is never too far out of the way. 

Public Transit in Albuquerque

Albuquerque operates public transporation via bus throughout the city and surrounding areas. Some bus routes only run on weekends, so be sure to check the schedule prior to your departure. Even with these services, most Albuquerque residents drive cars in adn around the city, with over 93 percent of household owning vehicles. Ridesharing services like Uber and Lyft, plus traditional taxis, operate across Albuquerque.

Conclusion: How to get the best and cheapest car insurance in Albuquerque

As American drivers know too well, too much precious time is wasted sitting in traffic each year. There’s no need to waste more time finding the perfect auto insurance policy.

An estimated 20 percent of vehicles on the road of New Mexico are driving uninsured, ranking third in the country for most uninsured drivers. Give yourself peace of mind with sufficient car insurance coverage. Don’t become just one more uninsured motorist—get quotes with Insurify to get the best coverage and rates for your car at a price that works for you.

Find local Albuquerque agents

Desert Mountain Agency, Inc dba J B Martin Insurance Agency 
8500 Menaul Blvd. NE, Suite B555, Albuquerque, NM 87112
Jackson Insurance Solutions 
5501 Eagle Rock Ave NE, Albuquerque, NM 87113
Berger Briggs Insurance & Risk Solutions, Inc. 
4333 Pan American Fwy NE, Albuquerque, NM 87107-6833
Menicucci Insurance Agency 
2116 Vista Oeste NW, Albuquerque, NM 87120
Paula Rodriguez Insurance 
9201 Montgomery blvd, Albuquerque, NM 87111
Underwood Insurance Agency 
9200 Montgomery Blvd Ne Ste B, Albuquerque, NM 87111
HUB International Insurance Services 
7770 Jefferson NE, Albuquerque, NM 87109
Strategic Insurance Group LLC 
901 Rio Grande Blvd NW C172, Albuquerque, NM 87104
Albuquerque Insurance World, Inc. 
2828 Carlisle NE Ste F, Albuquerque, NM 87110
Sunset Insurance Corporation 
1905 San Mateo Blvd NE, Albuquerque, NM 87110-5175

Insurify Insights: How Albuquerque Drivers Measure Up

ford
Ford F-Series Pickup
Most Popular Car in
Albuquerque, NM
suspended licenses
#8
Cities with Most
Suspended Licenses Rank

Drawing from their database of over 4 million car insurance shopper applications, the data scientists at Insurify have published various reports on driver behavior and car ownership — including how Albuquerque drivers measure up to their fellow New Mexico motorists in the rankings above.

From driver performance across different geographical locations and demographics to patterns in motor vehicle ownership and auto insurance coverage, Insurify Insights publishes data-driven articles, trend analyses, and national and local rankings each week on all factors related to cars and those who drive them.

Accidents Albuquerque

While car accidents are a sadly unavoidable feature of time spent on the road, rates of accidents do vary from city to city and from state to state. Albuquerque drivers rank 4 in the number of car accidents per driver across all cities in New Mexico.

  • Rank within state: #4
  • Percent of drivers in Albuquerque with an accident: 8.54%
  • Drivers in Albuquerque, NM with an accident in their driving history paid on average 38.04% more than drivers with a clean record

Speeding Albuquerque

Exceeding the speed limit can endanger others and leave a permanent stain on your driving record. When compared to other cities in New Mexico, Albuquerque drivers rank 11 in the number of speeding infractions per driver.

  • Rank within state: #11
  • Percent of drivers in Albuquerque with a speeding ticket: 7.45%
  • Drivers in Albuquerque, NM with a speeding ticket in their driving history paid on average 33.13% more than drivers with a clean record

DUI/DWIs Albuquerque

While driving while intoxicated is never acceptable, it’s a more common offense than many assume. Albuquerque drivers rank 4 in the number of DUI’s per driver across all cities in New Mexico.

  • Rank within state: #4
  • Percent of drivers in Albuquerque with a DUI: 2.38%
  • Drivers in Albuquerque, NM with a DUI in their driving history paid on average 9.82% more than drivers with a clean record

Rude Albuquerque

The Insurify team classifies rude drivers as those who commit the following driving offenses: failure to yield or failure to stop, improper backing, passing where prohibited, tailgating, street racing, or hit-and-runs. Among all cities in New Mexico, Albuquerque drivers rank 3 in rude driving infractions.

  • Rank within state: #3
  • Percent of drivers in Albuquerque with a reckless driving violation: 0.84%
  • Drivers in Albuquerque, NM with a reckless driving violation in their driving history paid on average 47.24% more than drivers with a clean record.

Safest Drivers Albuquerque

Having a squeaky-clean driving record is an accomplishment to be proud of. Some cities have safer drivers than others; Albuquerque drivers rank 1 in clean driving records across all cities in New Mexico.

  • Rank within state: #1
  • Percent of drivers in Albuquerque with clean record: 83.74%

Failure to Yield the Right of Way Albuquerque

Failing to yield the right of way isn’t just frustrating for other drivers; it’s dangerous, too. Albuquerque drivers rank 3 in failure to yield violations per driver across all cities in New Mexico.

  • Rank within state: #3
  • Percent of drivers in Albuquerque with a failure to yield violation: 0.15%
  • Drivers in Albuquerque, NM with a failure to yield violation in their driving history paid on average --% more than drivers with a clean record

Reckless Drivers Albuquerque

Reckless driving refers to a specific traffic violation: when drivers willfully act dangerously in spite of the risks they’re imposing on both themselves and others. Among all cities in New Mexico, Albuquerque drivers rank 4 in the number of reckless driving offenses per driver.

  • Rank within state: #4
  • Percent of drivers in Albuquerque with a reckless driving offense: --%

Most Popular Vehicle Albuquerque

Some car models are just more popular than others and trends can vary from place to place. The most popular vehicle in Albuquerque is the Ford F-Series Pickup.


FAQs - Albuquerque, NM Car Insurance

How do I make sure my vehicle is ready for Albuquerque winter?

Winter weather can have a big effect on driving in Albuquerque in the colder months. Firstly, follow local law enforcement’s instructions, suggestions, and driving bans. Keep a safety kit in your car with a shovel, snow broom, ice scraper, water, snacks, warm clothing, emergency flares, flash lights, batteries, and jumping cables. In serious storms, only travel by car in emergencies or when vitally necessary. It’s best to stay safe at home and not risk the dangers of a snowy drive.

What are the required insurance needs of New Mexico drivers?

To legally drive in New Mexico, vehicles must carry liability insurance, even if they are just parked on the road. Bodily injury and property damage coverage are required as the minimum coverage in the state. Supplemental coverage for further protection in the case of an accident can be obtained in the form of comprehensive, collision, loan/lease payoff, medical payments, rental car reimbursements, roadside assistance, and uninsured motorist protection. Insurance agencies offer these options for further coverage in the case of an accident caused by or involving your vehicle. As insurance products become more comprehensive, so does the protection. While cheap auto insurance is what some drivers are in the market for, other drivers prefer to have the highest coverage.

What happens if I get caught driving uninsured in Albuquerque?

Driving uninsured puts yourself, your passengers, your property, and everyone around you in danger, which is why you should never drive uninsured. In the state of New Mexico, if a driver is found to be driving uninsured, punishments can have major, costly, and long-term repercussions. For the first offense of driving without financial responsibility, drivers will receive four points on their license, hundreds in fines, and license suspension. They may also be mandated to file SR-22 insurance.

Which company offers the cheapest auto insurance quotes in Albuquerque?

The best way to get the cheapest car insurance in Albuquerque and save on your auto insurance premium is to compare quotes from all companies in your area. Use a car insurance quotes comparison site like Insurify to compare up to 10+ real quotes for your specific driver profile and unlock savings and discounts. Rates can fluctuate greatly based on whether you're a safe driver or a high-risk one, but you should never overpay. Insurify provides the cheapest car insurance quotes and companies in your area in just a few seconds.

Insurify Rate Comparison Methodology

The car insurance quotes, statistics, and data visualizations on this page are derived from Insurify’s proprietary database of over 4 million car insurance applications from ZIP codes across the United States. Insurify’s data science team performs a comprehensive analysis of the various factors car insurance providers take into account while setting rates to provide readers insight into how car insurance quotes are priced.


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