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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.
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.
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.
| Cheapest Companies | |
|---|---|
 Progressive | $33/mo |
 State Farm | $67/mo |
 Nationwide | $116/mo |
 Travelers | $117/mo |
 The General | $136/mo |
| Best Companies | ||
|---|---|---|
 American Family | $153/mo | |
 Safeco | $202/mo | |
 Liberty Mutual | $243/mo | |
Travelers | $134/mo |
New Mexico Cities | |
|---|---|
| Albuquerque | $131/mo |
| Las Cruces | $77/mo |
| Santa Fe | $99/mo |
| Roswell | $103/mo |
| Rio Rancho | $119/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.
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.
| Driver's Age | |
|---|---|
| teens | $371 |
| 20s | $220 |
| 30s | $152 |
| 40s | $345 |
| 50s | $306 |
| 60s | $120 |
| 70s | $132 |
| 80s | N/A |
| Driving History | |
|---|---|
| No Violation | $231 |
| Speeding Ticket | $246 |
| At-Fault Accident | $239 |
| Failure to Stop for Red Light / Stop Sign | N/A |
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 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.
| Credit Tie | |
|---|---|
| Excellent | $224 |
| Good | $220 |
| Average | $212 |
| Poor | $204 |
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
