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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.
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.
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.
| Cheapest Companies | |
|---|---|
Progressive | $35/mo |
 State Farm | $70/mo |
 Nationwide | $120/mo |
 Travelers | $134/mo |
 The General | $160/mo |
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.
| Best Companies | ||
|---|---|---|
 American Family | $153/mo | |
Nationwide | $232/mo | |
 Safeco | $191/mo | |
 Liberty Mutual | $246/mo | |
Travelers | $159/mo |
| Las Cruces | $77/mo |
| Rio Rancho | $119/mo |
| Santa Fe | $99/mo |
| Roswell | $103/mo |
| Albuquerque | $131/mo |
| New Mexico | $106/mo |
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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:
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:
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.
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.
| Driver's Age | |
|---|---|
| teens | $365 |
| 20s | $224 |
| 30s | $167 |
| 40s | $204 |
| 50s | $174 |
| 60s | $172 |
| 70s | $160 |
| 80s | $204 |
| Driving History | |
|---|---|
| No Violation | $194 |
| Speeding Ticket | $251 |
| At-Fault Accident | $232 |
| Failure to Stop for Red Light / Stop Sign | $189 |
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.
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.
| Credit Tie | |
|---|---|
| Excellent | $209 |
| Good | $202 |
| Average | $198 |
| Poor | $192 |
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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