Cheap Auto Insurance Quotes in Albuquerque, NM (2021)

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Drive safe in ABQ

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.

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Cheapest Car Insurance in Albuquerque, NM

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

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Albuquerque, NM Driving Facts

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.

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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.

Driver's AgeAvg. Monthly Cost
teens$365
20s$224
30s$167
40s$204
50s$174
60s$172
70s$160
80s$204
Driving HistoryAvg. Monthly Cost
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.

Credit TieAvg. Monthly Cost
Excellent$209
Good$202
Average$198
Poor$192

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 Rankings

Using a proprietary dataset of over 1.6 million car insurance shopper applications, the data scientists at Insurify have run various studies on driver behavior across geographical locations, age ranges, motor vehicle registration, and other variables all related to auto insurance coverage.

We’ve been able to determine the speediest cities in the nation, the most popular cars among age groups, and the occupations with the worst drivers, among other insightful reports. We’ve also launched annual awards campaigns to congratulate the communities across the country who have excelled in environmentally friendly initiatives, educational attainment, and other areas.

Here's how Albuquerque stacks up for the state of New Mexico:

ford
Ford F-Series Pickup
Most Popular Car in
Albuquerque, NM
suspended licenses
#7
Cities with Most
Suspended Licenses Rank

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.