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Get Cheap Car Insurance in Albuquerque, NM
We monitor insurance prices, helping the average driver in the Albuquerque area save up to 31.4% on car insurance.
The Cheapest Minimum Coverage in Albuquerque
The chart below shows the cheapest car insurance company in Albuquerque for a driver with a good record seeking minimum coverage on a mid-grade used vehicle. Values are estimated, and premiums may be lower or higher, but should be in an accurate order for a good driver. In general, drivers with good records will get the best prices through State Farm, followed by Farm Bureau, Gainsco, and Geico.
| Albuquerque Insurer | Monthly Cost |
|---|---|
| State Farm | $50 |
| Farm Bureau | $59 |
| Gainsco | $64 |
| Geico | $68 |
Savings for Every Kind of Albuquerque Driver
Based on our extensive insurance data, we know the average Albuquerque driver will save about 22% on car insurance. This isn’t marketing: this is unbiased data with no financial influence. The best auto insurance company depends on factors such as your driving record, home location, credit score, marital status, and age. The average driver will find themselves saving $367 per year by choosing the right vehicle insurance company. Some Albuquerque residents are paying out over $1,643 extra every year for auto insurance in Albuquerque. That cost may be even higher if you haven’t requested a new quote as your life situation changed.
Situation |
Albuquerque, NM Savings / Yr. |
|---|---|
$367 |
|
$831 |
|
$629 |
|
$723 |
|
$1,593 |
|
$454 |
|
$452 |
Albuquerque Car Insurance vs. New Mexico
People living in Albuquerque pay an average of 9.40% more than the typical driver in the state. The average driver in Albuquerque can expect to pay about $849 per year, or $1,643 for full coverage.
Based on our analysis, State Farm will be the cheapest provider in Albuquerque for most people.
Car Insurance Prices by Albuquerque Neighborhood
Insurance Prices
Where is insurance cheapest within Albuquerque?
The map shows insurance prices in and around Albuquerque, with more expensive areas in red and places with cheaper car insurance in green. Insurance can vary by as much as $421 per year within the city boundaries, with insurance premiums ranging from a high of $1,901 to a low of $1,480. Insurance prices tend to be higher for those living in the Southwest area, and lower for those with homes in the Northeast parts of Albuquerque.Pick the Best Car Insurance Company for You in Albuquerque
The best car insurance provider for most drivers in Albuquerque
For drivers with clean driving records and no major strikes, State Farm is the best option, with annual savings of $367 over the average Albuquerque car insurance company.
The best car insurance provider for Albuquerque drivers with accidents on their records
In our analysis, State Farm saved the average person who had been in an accident the most, with annual savings averaging $831 over the competition.
The best car insurance company for Albuquerque drivers with speeding tickets
>State Farm gave the average person with a speeding ticket the most savings, averaging $629 better than other car insurance companies.
The best auto insurance for Albuquerque drivers with a DUI conviction
Getting a quote from State Farm may cost the average person with a DUI about $723 less each year.
The least expensive car insurance company for new and young drivers in Albuquerque
In Albuquerque, State Farm costs young drivers $1,593 less each year versus the average auto insurance bill.
The best marriage discounts for vehicle insurance in Albuquerque
State Farm gave the largest car insurance discounts to married couples, averaging $454 saved each year compared to an average Albuquerque couple's premiums.
The cheapest car insurance in Albuquerque for drivers with bad credit
The best Albuquerque car insurance company for customer service
Nationwide was the best company for customer service in Albuquerque according to the NAIC.
Recent price drops
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The cheapest large national provider in Albuquerque
For customers who prefer to work with large national providers, we recommend State Farm for pricing. The average Albuquerque driver can expect to pay about $97 per month.
What About USAA?
JD power consistently ranks USAA as the top car insurance company in the United States. We don’t compare their rates because most people can’t sign up. USAA only allows active military members and their spouses and children to apply. In Albuquerque, USAA has the best prices for young drivers, drivers with accidents, good drivers, married couples, drivers with speeding tickets, drivers with a DUI conviction, and drivers with bad credit.Auto Insurance Prices in and Around Albuquerque
What Influences the Cost of Car Insurance in Albuquerque?
On average, car insurance in Albuquerque is more expensive than the rest of the state. These high prices are no mystery to us. Coverage Watch tracks car insurance costs and uses a complex AI that finds related variables, and has determined car insurance prices in the city are influenced by the following factors:
- New Mexico state insurance regulations may allow for lower prices.
- An average of 0 to 1 weeks with snow on the ground, which impacts accident rates.
- Marriage rates in the Albuquerque area are about average in the state, and marriage often results in car insurance discounts.
- Vehicle theft rates in the area are high, with a Vehicle Theft Crime Grade of F according to CrimeGrade.org.
- Albuquerque is one of the most densely populated areas in the state. The city’s density could result in a price increase for drivers.
As a result of these and other factors, the average cost of car insurance in Albuquerque is $71 per month for minimum coverage and $137 per month for full coverage. Costs vary widely based on your situation, and will likely be lower if you have a clean driving record and follow our insurance company research to find the best car insurance company for you.
Car Insurance in Nearby Cities
- Los Ranchos de Albuquerque: Insurance costs 0.73% less
- North Valley: Insurance costs 0.85% more
- Kirtland Afb: Insurance costs 6.45% more
- South Valley: Insurance costs 4.20% more
- Paradise Hills: Insurance costs 1.28% more
- Corrales: Insurance costs 1.28% less
- Rio Rancho: Insurance costs 0.37% less
- Cedar Crest: Insurance costs 7.00% less
- Zamora: Insurance costs 8.58% less
- Sandia Park: Insurance costs 6.82% less
Cities with Similar Populations
- Palm Coast: Insurance costs 50.09% more
- Oshkosh: Insurance costs 34.39% less
- Detroit: Insurance costs 100.00% more
- Chicago: Insurance costs 20.63% less
- Charlotte: Insurance costs 4.56% more
- Chapel Hill: Insurance costs 21.06% less
- Brooklyn: Insurance costs 103.41% more
- Bronx: Insurance costs 114.00% more
- Naples: Insurance costs 48.63% more
- Norfolk: Insurance costs 20.57% less