Cheapest Auto Insurance in Rio Rancho, New Mexico (2025)
State Farm is the cheapest car insurance company in Rio Rancho for liability coverage. Its rates start at $34 per month.
Excellent
)
Written byTheresa Stevens
)
AFCPE Accredited Financial Counselor
6 years experience in the personal financial industry
Theresa is a writer and former financial advisor with experience helping clients solve money challenges. She uses her expertise to clarify complex personal finance concepts.
Featured in
){kind=small}
){kind=small}
)
Edited byCourtney Mikulski
)
Courtney MikulskiSenior Editor, Auto
Over 3 years of experience producing content on insurance and personal finance.
Key architect of Insurify's quality score.
Courtney's deep knowledge of personal finance goes beyond insurance and includes credit cards, consumer loans, and banking. She loves creating practical content.
Featured in
){kind=small}
Updated
Why you can trust Insurify: Comparing accurate insurance quotes should never put you at risk of spam. We earn an agent commission only if you buy a policy based on our quotes. Our editorial team follows a rigorous set of editorial standards and operates independently from our insurance partners. Learn more.
Advertiser Disclosure
At Insurify, our goal is to help customers compare insurance products and find the best policy for them. We strive to provide open, honest, and unbiased information about the insurance products and services we review. Our hard-working team of data analysts, insurance experts, insurance agents, editors and writers, has put in thousands of hours of research to create the content found on our site.
We do receive compensation when a sale or referral occurs from many of the insurance providers and marketing partners on our site. That may impact which products we display and where they appear on our site. But it does not influence our meticulously researched editorial content, what we write about, or any reviews or recommendations we may make. We do not guarantee favorable reviews or any coverage at all in exchange for compensation.
Table of contents
The overall average cost of car insurance in Rio Rancho is $121 per month, which is more than the state’s overall average of $113 per month.
The city’s more expensive average rates may be because of its proximity to Albuquerque, which has more than a half-million residents, and its claim as one of the fastest-growing communities in the Southwest.[1] [2]
Here’s what you need to know about comparing quotes and finding cheap auto insurance policies in Rio Rancho.
Quick Facts
The average cost of car insurance in Rio Rancho is $77 per month for liability-only policies and $165 per month for full coverage.
State Farm is the cheapest full-coverage car insurance company in Rio Rancho, with a monthly rate of $64.
Car insurance companies in New Mexico can consider your credit score and history when determining your premiums.[3]
3 of the cheapest car insurance companies in Rio Rancho
Rio Rancho drivers have many car insurance companies to consider, each with different coverage options and discounts. The best car insurance companies in Rio Rancho offer affordable rates, quality customer service, and plenty of customizable coverages. It’s important to shop around to find the best deal for your specific needs.
Here’s a breakdown of some of the best and cheapest car insurance companies in Rio Rancho.
Insurance Company  | IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | Full Coverage | Liability Only | Best for |
|---|---|---|---|---|
| State Farm | 9.3 | $61 | $32 | Young drivers |
| USAA | 9.4 | $73 | $38 | Military members and families |
| GEICO | 9.0 | $75 | $39 | Discounts |
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.
Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.
We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.
- Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
- Customer satisfaction: To calculate this score, Insurify analyzed more than 55,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
- Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
- Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
- Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.
Best insurer for young drivers: State Farm
| User Reviews | 4.2 |
|---|---|
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.3 /10 |
| 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. | $34/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. | $64/mo |
4.2
Best choiceBased on 10,174 verified guest reviews and ratings
How drivers feel about State Farm
Customers appreciate the insurer’s excellent customer service and personal attention but dislike the high prices and frequent rate increases. They also express frustration with the claims process.
AI-generated from the text of verified reviews collected by Insurify
Best For
Customer service
Competitive rates
Discounts for safe drivers
How drivers feel about State Farm
Customers appreciate the insurer’s excellent customer service and personal attention but dislike the high prices and frequent rate increases. They also express frustration with the claims process.
AI-generated from the text of verified reviews collected by Insurify
Best For
Customer service
Competitive rates
Discounts for safe drivers
Reviews (5,605)
Charlotte
March 24, 2025
Verified Review
They don't seem too thrilled to have your business. I've never filed a claim, and when I ask for information about my policies, they aren't very helpful. This might just be my specific agent, as I've never had to contact State Farm directly. I always feel like I'm bothering them whenever I reach out.
They don't seem too thrilled to have your business. I've never filed a claim, and when I ask for information about my policies, they aren't very helpful. This might just be my specific agent, as I've never had to contact State Farm directly. I always feel like I'm bothering them whenever I reach out.
David
March 24, 2025
Verified Review
Good
They're just alright, but they keep increasing my insurance for no apparent reason.
Troy
March 24, 2025
Verified Review
Unjustified Increases
I don't appreciate the continuous increases without any reason or explanation.
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
842NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.78A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++Why we picked this company
State Farm offers various products such as auto, home, business, pet, and life insurance. State Farm provides a few different ways for young adults to save money on auto insurance, including good student, driver training, and student away-at-school discounts. Plus, its SteerClear program can help safe drivers younger than 25 earn more discounts on their car insurance.
Pros
Multiple discounts for young drivers
Large network of insurance agents
Cons
Can’t get a quote online
Doesn’t offer gap insurance
Best insurer for military members and families: USAA
| User Reviews | 4.9 |
|---|---|
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.4 /10 |
| 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. | $40/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. | $77/mo |
4.9
Best choiceBased on 1,833 verified guest reviews and ratings
How drivers feel about USAA
Customers appreciate the insurer’s reliable customer service and claim handling but express concerns about high rates and frequent price increases. Some also find the insurer’s security protocols and communication methods frustrating.
AI-generated from the text of verified reviews collected by Insurify
Best For
Members of the military community
Outstanding customer service
Competitive rates
How drivers feel about USAA
Customers appreciate the insurer’s reliable customer service and claim handling but express concerns about high rates and frequent price increases. Some also find the insurer’s security protocols and communication methods frustrating.
AI-generated from the text of verified reviews collected by Insurify
Best For
Members of the military community
Outstanding customer service
Competitive rates
Reviews (1,055)
Charles
March 24, 2025
Verified Review
An Irritated Customer at CD
The pricing settlement for older vehicles in good condition is very poor. As a master technician, I keep my vehicles in excellent condition. However, when I had an accident, my high-mileage vehicle was undervalued, not considering its mechanical condition. Despite replacing most of the drivetrain components, suspension parts, and the A/C & heating components, my vehicle was valued thousands of dollars less. I was denied the proper settlement I was due. I repaired all the damage post-accident, finished the cosmetic issues, and even repainted the entire vehicle. I sent pictures to claims to verify the upgraded condition. Unfortunately, it seems most insurance companies use similar tactics to obtain a good salvage price, and they are quick to total vehicles, thereby robbing their customers of the true value. Apart from not having a local agent to discuss these issues, I remain a customer of USAA, even after they raised my homeowners insurance by over $2500 in one increase. This is a tough pill to swallow on a fixed income.
Philip
March 23, 2025
Verified Review
Fair
Every couple of years, they raise the premiums and lower the coverage.
Shandra
March 21, 2025
Verified Review
Helpful in Difficult Times
When I was 22, I was hit by a drunk driver. They assisted me in overcoming that difficult situation.
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
880NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
1.35A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++Why we picked this company
USAA offers military members and their family members insurance, banking, and investing products. While only former and active military members and their families are eligible, USAA customers can benefit from a variety of coverage and discounts, including a discount for garaging their car on a military base and an annual mileage discount.
Pros
Discounts for military members
AM Best financial strength rating of A++ (Superior)
Cons
Restrictive membership requirements
Gap insurance not available
Best insurer for discounts: GEICO
| User Reviews | 4.0 |
|---|---|
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.0 /10 |
| 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. | $42/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. | $79/mo |
4.0
Best choiceBased on 11,178 verified guest reviews and ratings
How drivers feel about GEICO
Customers appreciate the reliability and customer service but find the rates to be high and increase frequently, even without claims or accidents. The app has improved, but some find the claims process lacking.
AI-generated from the text of verified reviews collected by Insurify
Best For
Teen drivers
Cheap rates
Accident forgiveness
How drivers feel about GEICO
Customers appreciate the reliability and customer service but find the rates to be high and increase frequently, even without claims or accidents. The app has improved, but some find the claims process lacking.
AI-generated from the text of verified reviews collected by Insurify
Best For
Teen drivers
Cheap rates
Accident forgiveness
Reviews (6,122)
Ali
March 24, 2025
Verified Review
A Company Who Looks Out for the Individual
They defend, protect, and support their customers in coverage situations!
Luke
March 24, 2025
Verified Review
No Thanks to Geico
They are more expensive, they don't forgive or forget anything, and they love to increase your rates.
Felix
March 24, 2025
Verified Review
Too pricey
Too pricey
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
835NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.74A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++Why we picked this company
GEICO insurance offerings include auto, condo insurance, home insurance, renters insurance, flood, travel, and life insurance. GEICO shines with its wide selection of discounts, including good driver, defensive driving, multiple vehicles, and anti-theft system discounts. You may also be able to reduce your rates if you work for the federal government or military.
Pros
Highly rated mobile app
Cheaper rates than some competitors
Cons
Doesn’t offer gap insurance
Below-average J.D. Power customer satisfaction rating in the Southwest
Get Car Insurance Online
Liability rates start at $34 per month
Secure. Free. Easy-to-use.
Based on 3,806+ reviews
4.8/5
How to get the cheapest car insurance in Rio Rancho
Auto insurance prices can vary depending on different factors, such as local crime rates, driving history, age, credit score, and marital status. Insurers weigh these factors differently, which is why it’s a good idea to compare quotes from different companies.
Here are some ways to find affordable insurance in Rio Rancho:
Increase your deductible. Increasing the deductible on your auto policy may help lower your monthly payments. Make sure you can afford the deductible if you file a claim.
Reconsider your coverage. Reducing your coverage may help you get cheap insurance. For example, if you drive an older, paid-off car, you may want to consider switching to a liability-only car insurance policy.
Bundle insurance policies. Many insurance companies offer a discount when you buy one or more policies with the company, such as your auto and home insurance policies.
Compare quotes. Use a quote-comparison platform to gather multiple quotes and compare them at once. This can help you narrow down which car insurance company offers you the best rates for the coverage you want.
Cheapest liability-only car insurance in Rio Rancho: State Farm
New Mexico requires all drivers to purchase liability insurance, which helps cover the damages from a car accident you cause. It doesn’t pay for your damages or injuries.
Liability insurance in Rio Rancho costs $77 per month, on average. The table below shows other cheap liability insurers in the city.
The below rates are estimated rates current as of: Thursday, March 13 at 12:00 PM PDT.
Insurance Company | Average Monthly Quote |
|---|---|
| State Farm | $34 |
| USAA | $40 |
| GEICO | $42 |
| The General | $61 |
| National General | $61 |
| Allstate | $66 |
| Root | $68 |
| Progressive | $72 |
| Farmers | $79 |
| Nationwide | $81 |
| Dairyland | $83 |
| Safeco | $85 |
| Bristol West | $85 |
| GAINSCO | $96 |
| Foremost | $105 |
| Direct Auto | $112 |
| Liberty Mutual | $153 |
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 Rio Rancho: State Farm
Drivers who want broader protection can buy full-coverage car insurance, which typically includes comprehensive, collision, and liability insurance. Full coverage may be worth considering for drivers with new vehicles that would be expensive to repair or replace. But because it has more protection, it usually costs more: an average of $165 per month in Rio Rancho.
Compare some of the lowest average rates for full-coverage car insurance in Rio Rancho below.
The below rates are estimated rates current as of: Thursday, March 13 at 12:00 PM PDT.
Insurance Company | Average Monthly Quote |
|---|---|
| State Farm | $64 |
| USAA | $77 |
| GEICO | $79 |
| Root | $120 |
| Allstate | $126 |
| Progressive | $136 |
| Farmers | $152 |
| National General | $152 |
| Nationwide | $154 |
| Safeco | $160 |
| The General | $165 |
| Direct Auto | $176 |
| Dairyland | $214 |
| Liberty Mutual | $242 |
| Bristol West | $245 |
| GAINSCO | $249 |
| Foremost | $337 |
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 recent rates near Rio Rancho, New Mexico
Drivers using Insurify have found quotes as cheap as $39/mo for liability only and $53/mo for full coverage in Rio Rancho and other New Mexico cities.
*Quotes generated for Insurify users in and around Rio Rancho, New Mexico within the last 10 days. Last updated on March 25, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.
Rates shown are real-time Insurify user quotes from 120+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from March 25, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.
*Quotes generated for Insurify users in and around Rio Rancho, New Mexico within the last 10 days. Last updated on March 25, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.
Rates shown are real-time Insurify user quotes from 120+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from March 25, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.
Car insurance requirements in New Mexico
Drivers in New Mexico must purchase liability insurance. New Mexico law follows a fault-based insurance system, which means the driver who causes a car accident is financially responsible for the other parties’ losses.[4]
Here are the specific insurance coverage requirements in New Mexico:[5]
Coverage | Minimum Requirements |
|---|---|
| Bodily injury liability | $25,000 per person / $50,000 per accident |
| Property damage liability | $10,000 per accident |
New Mexico drivers who want more protection from potential damages and injuries can consider the following additional coverages:
Comprehensive coverage
Comprehensive insurance helps cover vehicle repairs or replacement for non-collision events, such as theft, vandalism, falling objects, and severe weather.
Collision coverage
Collision insurance covers your vehicle’s damages if you hit a stationary object or another vehicle, regardless of fault.
Gap coverage
Gap insurance covers the difference between your auto loan balance and insurance settlement in the event of a total loss.
Rental reimbursement coverage
Rental reimbursement coverage pays for a rental car while your vehicle is in the shop for repairs under a covered claim.
New-car replacement coverage
If you total a brand-new vehicle, new-car replacement insurance pays to replace your vehicle with one of the same make and model.
)
Is Accident Forgiveness Insurance Worth It?
Cheapest car insurance for drivers with an incident
If you have an incident like an at-fault accident, speeding ticket, driving under the influence (DUI) conviction, or other moving violation on your driving record, it can be challenging to find cheap car insurance. Insurance companies perceive drivers with these incidents to be a higher insurance risk than drivers with a clean record and adjust rates accordingly.
With a clean driving record, Rio Rancho drivers pay an average of $77 per month for liability insurance. But that average increases to $114 per month with a speeding ticket, $117 per month after an accident, and $132 per month after a DUI.
Compare the cost of liability-only insurance for drivers with a clean record versus drivers with a past incident below.
The below rates are estimated rates current as of: Thursday, March 13 at 12:00 PM PDT.
Insurance Company | Clean Driving Record | With Speeding Ticket | With At-Fault Accident | With DUI |
|---|---|---|---|---|
| State Farm | $34 | $45 | $47 | $57 |
| USAA | $40 | $54 | $56 | $67 |
| GEICO | $42 | $56 | $59 | $70 |
| The General | $61 | $85 | $87 | $102 |
| National General | $61 | $82 | $84 | $102 |
| Allstate | $66 | $89 | $92 | $110 |
| Root | $68 | $99 | $103 | $104 |
| Progressive | $72 | $97 | $102 | $120 |
| Farmers | $79 | $106 | $110 | $132 |
| Nationwide | $81 | $110 | $114 | $135 |
| Dairyland | $83 | $111 | $115 | $139 |
| Safeco | $85 | $116 | $121 | $137 |
| Bristol West | $85 | $116 | $119 | $142 |
| GAINSCO | $96 | $137 | $129 | $161 |
| Foremost | $105 | $150 | $155 | $176 |
| Direct Auto | $112 | $151 | $160 | $187 |
| Liberty Mutual | $153 | $219 | $225 | $256 |
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.
Average cost of car insurance by age
In addition to ZIP code, gender, and vehicle type, age is one of the most important factors insurers look at when determining car insurance rates. Rates generally decrease around age 35 and increase around age 70 because older drivers are more vulnerable to injuries in car accidents.[6] Teen drivers pay the most expensive car insurance premiums due to their lack of driving experience and high accident rates.[7]
The table below includes the average monthly car insurance quotes for various age groups in Rio Rancho.
Age | Average Monthly Quote |
|---|---|
| Teens | $396 |
| 20s | $272 |
| 30s | $190 |
| 40s | $181 |
| 50s | $152 |
| 60s | $136 |
| 70s | $160 |
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.
Find Car Insurance in Rio Rancho, NM
Save up to $852 by comparing quotes from the top 100+ insurance companies
Secure. Free. Easy-to-use.
Based on 3,806+ reviews
4.8/5
Rio Rancho car insurance quotes by credit tier
Insurers in Rio Rancho are allowed to consider your credit history when setting rates.[3] Insurance companies use credit histories to predict the likelihood that someone will file claims. Drivers with good credit scores may pay cheaper rates, because insurers perceive them as lower risk, while drivers with bad credit may pay higher rates due to perceived increased risk.
Here are the average monthly full-coverage car insurance quotes by credit tier for Rio Rancho drivers.
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.
Rio Rancho car insurance FAQs
Here’s what you need to know about car insurance for bad drivers, and check out the answers to common questions about auto coverage in Rio Rancho below.
How much is car insurance in Rio Rancho?
The average cost of car insurance in Rio Rancho is $77 a month for liability-only policies and $165 for full coverage.
Which companies have the cheapest car insurance in Rio Rancho?
State Farm, USAA, and GEICO are the cheapest car insurance companies in Rio Rancho, with liability rates of $34, $40, and $42 per month, respectively.
But the cheapest company for someone else may not be the cheapest for you. It’s important to compare rates from multiple companies to find the one that offers you the best deal.
What are the best car insurance companies in Rio Rancho?
Some of the best insurance companies in Rio Rancho that Insurify identified include State Farm, USAA, and GEICO. These companies have high IQ Scores, solid AM Best financial ratings, and relatively cheap rates for drivers in Rio Rancho.
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
- 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.
Sources
- U.S. Census Bureau. "QuickFacts: Albuquerque city, New Mexico; Rio Rancho city, New Mexico."
- Rio Rancho. "Community Overview."
- Justia. "NM Stat § 59A-17A-4 (2021)."
- Nolo. "New Mexico Auto Insurance Laws and Requirements."
- New Mexico Motor Vehicle Division. "Insurance."
- Insurance Institute for Highway Safety. "Fatality Facts 2021: Older people."
- Insurance Institute for Highway Safety. "Fatality Facts 2021: Teenagers."
)
Theresa Stevens
Theresa Stevens is a personal finance writer based in Boston, Massachusetts. Her work has been featured in Forbes Advisor, Bankrate, and more. As a former financial advisor, she has first-hand experience helping people solve their money challenges. When she's not writing, you'll find her trying out new karaoke spots or planning her next trip abroad.
Courtney MikulskiSenior Editor, Auto
Over 3 years of experience producing content on insurance and personal finance.
Key architect of Insurify's quality score.
Courtney's deep knowledge of personal finance goes beyond insurance and includes credit cards, consumer loans, and banking. She loves creating practical content.
Featured in