Cheap Auto Insurance Quotes in Rio Rancho, NM (2021)

Browse. Compare. Discover. Let Insurify find the best car insurance deals for you in The Land of Enchantment.

Enter your zipcode to get started

Shopper Approved

4.8 Rating

2,700 Reviews

12 Million

Quotes

Been Here Before?

Get Back to My Quotes

Rio Rancho has been named as one of the best places to live in the state for several reasons, including its low crime rate. Drivers here can appreciate the positive impact that it makes on their policy rates.

While crime rates in Rio Rancho are low compared to the rest of the state, it’s not the only thing that goes into totaling up your car insurance premium. The best policies are the ones you buy after being able to look at rates from every angle.

Car Insurance in Rio Rancho, 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 Rio Rancho, NM to find you the cheapest quotes in the area.

Quotes by Top Carriers
Quotes ($/mo)
$33
$67
$116
$117
$136
ProgressiveState FarmNationwideTravelersThe General
Monthly $

Cheapest Car Insurance in Rio Rancho, NM

Here are the cheapest carriers in Rio Rancho 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 Rio Rancho, 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 Rio Rancho. For the complete list, see Insurify's best car insurance companies.

Average Car Insurance Cost

Quotes by Top Carriers
Quotes ($/mo)
$106
$131
$77
$99
$103
$119
New MexicoAlbuquerqueLas CrucesSanta FeRoswellRio Rancho
Monthly $

Click here to learn about car insurance quotes and save on your current policy.

Rio Rancho, 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.

Rio Rancho Car Insurance Rates by Driver Age

At $370 per month, hardworking teenagers will be able to afford car insurance and still maintain good grades, sports, and other extracurriculars. For New Mexicans, the rates slide down as drivers gain more experience. Twentysomethings see an immediate $150 price cut over the youngest drivers. The rates continue to trend down with a speed bump in middle age. Most drivers in their 30s, 60s, and 70s stay well below the state average of $182. In fact, those in their 60s pay $250 less than teens, a $3,000 per year difference.

Driving History
No Violation$231
Speeding Ticket$246
At-Fault Accident$239
Failure to Stop for Red Light / Stop SignN/A

Rio Rancho Car Insurance Rates by Driving and Accident History

In the Land of Enchantment, safe driving is smart driving. Insurance companies agree with the sentiment and give “good driver” and “accident-free” discounts to those with clean records. A speeding ticket translates into paying $14 more per month. Likewise, an at-fault accident means a little less than $10 more per month. But that doesn’t mean drivers are stuck paying more forever. After three years of careful driving, tickets and accidents stop affecting insurance rates.

Rio Rancho Car Insurance Rates by Credit Tier

Rio Rancho drivers are scratching their heads trying to figure out how credit applies to how well they drive. Like most states, New Mexico law allows insurance companies to factor in credit when setting rates. If so, why do people with the poorest credit pay the least? Often, drivers with better credit can afford to finance costlier cars and need more coverage to protect their assets. That said, the biggest difference is $19 between those who pay the least and the most, meaning New Mexico insurance companies don’t weigh credit as severely as in other states.

Rio Rancho, NM DMV Information

Have a DMV errand to run? When it comes to taking care of their DMV-related needs, New Mexico drivers can get things done using in-person services or online options. The Rio Rancho Motor Vehicle Division is located at 4000 Southern Blvd. SE, Suite 103. You can stop by Monday through Friday 8 a.m. to 6 p.m., and Saturday 9 a.m. to 3 p.m. Not a fan of standing around? You can make an appointment from your computer at home.

Public Transportation in Rio Rancho, NM

Rio Rancho residents depend on several modes of transportation if they are without their own ride. There are two bus services and a commuter train serving residents of the area. While Rio Metro buses get people to their appointments and shopping destinations inside city limits, New Mexico Rail Runner Express can take residents to Albuquerque and beyond. Catching the rail is easy. Neighboring Albuquerque’s ABQ Ride buses have a route between Rio Rancho and the rail.

Conclusion: How to get the best and cheapest car insurance in Rio Rancho, NM

Though living in Rio Rancho may be a dream, shopping insurance companies one data point at a time is a grind.

Is the scratch piece of paper you’ve been using to compare rates company after company really all that accurate? Using Insurify takes the guesswork out of comparing coverages and gets you the coverage you need quickly.

Find local Rio Rancho agents

Westside Insurance Services, Inc. 
3302 Sally Circle SE, Rio Rancho, NM 87124-2040
Anthony Delgado: Allstate Insurance
1015 Golf Course Rd SE, Rio Rancho, NM 87124
Southwest Federal Insurance
2220 Grande Blvd SE ste d, Rio Rancho, NM 87124
Peak Insurance
2740 Northern Blvd NE Ste 102, Rio Rancho, NM 87124
Farmers Insurance - Christine Espinosa
1020 Western Hills Dr SE, Rio Rancho, NM 87124
Acceptance Insurance
1690 Rio Rancho Blvd SE Ste D, Rio Rancho, NM 87124
Fred Loya Insurance
2003 Southern Blvd SE #125, Rio Rancho, NM 87124
Farmers Insurance - Christine Espinosa
1020 Western Hills Dr SE, Rio Rancho, NM 87124
Franklin Insurance Agency
2345 Southern Blvd SE #C4, Rio Rancho, NM 87124
Jeff Valler - State Farm Insurance Agent
1751 Rio Rancho Blvd SE #102, Rio Rancho, NM 87124

Insurify Insights: How Rio Rancho Drivers Measure Up

honda
Honda Civic
Most Popular Car in
Rio Rancho, NM
suspended licenses
#11
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 Rio Rancho 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 Rio Rancho

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. Rio Rancho drivers rank 2 in the number of car accidents per driver across all cities in New Mexico.

  • Rank within state: #2
  • Percent of drivers in Rio Rancho with an accident: 9.81%
  • Drivers in Rio Rancho, NM with an accident in their driving history paid on average 48% more than drivers with a clean record

Speeding Rio Rancho

Exceeding the speed limit can endanger others and leave a permanent stain on your driving record. When compared to other cities in New Mexico, Rio Rancho drivers rank 10 in the number of speeding infractions per driver.

  • Rank within state: #10
  • Percent of drivers in Rio Rancho with a speeding ticket: 8.98%
  • Drivers in Rio Rancho, NM with a speeding ticket in their driving history paid on average 35.33% more than drivers with a clean record

DUI/DWIs Rio Rancho

While driving while intoxicated is never acceptable, it’s a more common offense than many assume. Rio Rancho drivers rank 8 in the number of DUI’s per driver across all cities in New Mexico.

  • Rank within state: #8
  • Percent of drivers in Rio Rancho with a DUI: 1.93%
  • Drivers in Rio Rancho, NM with a DUI in their driving history paid on average -87.33% more than drivers with a clean record

Rude Rio Rancho

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, Rio Rancho drivers rank 4 in rude driving infractions.

  • Rank within state: #4
  • Percent of drivers in Rio Rancho with a reckless driving violation: 0.41%
  • Drivers in Rio Rancho, NM with a reckless driving violation in their driving history paid on average --% more than drivers with a clean record.

Safest Drivers Rio Rancho

Having a squeaky-clean driving record is an accomplishment to be proud of. Some cities have safer drivers than others; Rio Rancho drivers rank 2 in clean driving records across all cities in New Mexico.

  • Rank within state: #2
  • Percent of drivers in Rio Rancho with clean record: 81.22%

Failure to Yield the Right of Way Rio Rancho

Failing to yield the right of way isn’t just frustrating for other drivers; it’s dangerous, too. Rio Rancho drivers rank 4 in failure to yield violations per driver across all cities in New Mexico.

  • Rank within state: #4
  • Percent of drivers in Rio Rancho with a failure to yield violation: --%
  • Drivers in Rio Rancho, NM with a failure to yield violation in their driving history paid on average --% more than drivers with a clean record

Reckless Drivers Rio Rancho

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, Rio Rancho drivers rank 1 in the number of reckless driving offenses per driver.

  • Rank within state: #1
  • Percent of drivers in Rio Rancho with a reckless driving offense: --%

Most Popular Vehicle Rio Rancho

Some car models are just more popular than others and trends can vary from place to place. The most popular vehicle in Rio Rancho is the Honda Civic.


FAQs - Rio Rancho, NM Car Insurance

How do I know if I have the right amount of coverage in New Mexico?

Don’t worry too much about making sure you have the minimum required by state law, as the insurance companies are in the know and will do that work for you. A minimum liability policy may be right for you if that’s all you can afford, but there are optional coverages you’ll want to at least consider, as minimum liability policies only protect the other driver.

Is auto insurance expensive in New Mexico?

A lot goes into calculating your car insurance rate in New Mexico. Some of the factors are beyond your control, like your age, gender, or marital status. Insurance companies do use ZIP codes as part of the calculation. Your ZIP code tells them how much of a claims risk you might be based on crime rates and accident statistics where you live. You can keep your rates low by driving safely, comparison shopping for a less expensive policy, or even changing your deductible.

Does comprehensive coverage cover everything?

No. Even though the word itself tends to mean “full” or “complete,” in the insurance industry, it has a much more particular meaning. Comprehensive coverage covers things that might happen to your car outside of a collision—fires and floods included. Many times, these types of often costly events are also known as “acts of God.” Other types of coverage that you may buy depending on the state in which you live and personal preferences include bodily injury (BI) and property damage (PD) liability coverage, personal injury protection (PIP), collision coverage, and uninsured/underinsured motorist (UM/UIM) coverage.

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.