Coverage Watch does not have a financial relationship with any car insurance companies and quote providers. Everything displayed on the site is completely free from bias and based on legitimate data.
Get Cheap Car Insurance in South Broadway, Albuquerque, NM
We monitor insurance prices, helping the average driver in South Broadway save up to 31.4% on car insurance.
The Cheapest Minimum Coverage in South Broadway
The chart below shows the cheapest car insurance company in South Broadway 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.
| South Broadway Insurer | Monthly Cost |
|---|---|
| State Farm | $52 |
| Farm Bureau | $62 |
| Gainsco | $67 |
| Geico | $70 |
Savings for Every Kind of South Broadway Driver
Based on our extensive insurance data, we know the average South Broadway 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 $380 per year by choosing the right vehicle insurance company. Some South Broadway residents are paying out over $1,703 extra every year for auto insurance in South Broadway. That cost may be even higher if you haven’t requested a new quote as your life situation changed.
Situation |
South Broadway, Albuquerque, NM Savings / Yr. |
|---|---|
$380 |
|
$862 |
|
$652 |
|
$749 |
|
$1,651 |
|
$470 |
|
$468 |
South Broadway Car Insurance vs. Albuquerque
People living in South Broadway pay an average of 13.36% more than the typical driver in the state. The average driver in South Broadway can expect to pay about $880 per year, or $1,703 for full coverage.
Based on our analysis, State Farm will be the cheapest provider in South Broadway for most people.
Car Insurance Prices by South Broadway Neighborhood
Insurance Prices
Where is insurance cheapest within South Broadway?
The map shows insurance prices in and around South Broadway, with more expensive areas in red and places with cheaper car insurance in green. Insurance can vary by as much as $83 per year within the neighborhood boundaries, with insurance premiums ranging from a high of $1,749 to a low of $1,666. Insurance prices tend to be higher for those living in the Southwest area, and lower for those with homes in the Southeast parts of South Broadway.Pick the Best Car Insurance Company for You in South Broadway
The best car insurance provider for most drivers in South Broadway
For drivers with clean driving records and no major strikes, State Farm is the best option, with annual savings of $380 over the average South Broadway car insurance company.
The best car insurance provider for South Broadway 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 $862 over the competition.
The best car insurance company for South Broadway drivers with speeding tickets
>State Farm gave the average person with a speeding ticket the most savings, averaging $652 better than other car insurance companies.
The best auto insurance for South Broadway drivers with a DUI conviction
Getting a quote from State Farm may cost the average person with a DUI about $749 less each year.
The least expensive car insurance company for new and young drivers in South Broadway
In South Broadway, State Farm costs young drivers $1,651 less each year versus the average auto insurance bill.
The best marriage discounts for vehicle insurance in South Broadway
State Farm gave the largest car insurance discounts to married couples, averaging $470 saved each year compared to an average South Broadway couple's premiums.
The cheapest car insurance in South Broadway for drivers with bad credit
The best South Broadway car insurance company for customer service
Nationwide was the best company for customer service in South Broadway according to the NAIC.
Recent price drops
In 2020, at the peak of the global pandemic, {{top1_2020pricedrop_company}} changed their average price {{top1_2020pricedrop_company_percentage}}% in South Broadway, which was better than other insurers.
The cheapest large national provider in South Broadway
For customers who prefer to work with large national providers, we recommend State Farm for pricing. The average South Broadway 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 South Broadway, 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 South Broadway
What Influences the Cost of Car Insurance in South Broadway?
On average, car insurance in South Broadway 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 neighborhood are influenced by the following factors:
- The average commute time in South Broadway is 30 minutes, which is a little more than average for a driver in the city.
- 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 South Broadway are lower than average in the state, and marriage often results in car insurance discounts.
- Vehicle theft rates in the area are very high, with a Vehicle Theft Crime Grade of D- according to CrimeGrade.org.
- South Broadway is a fairly densely populated area in the state. The neighborhood’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 South Broadway is $73 per month for minimum coverage and $142 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 Neighborhoods
- Kirtland Community: Insurance costs 3.88% less
- Downtown: Insurance costs 2.00% less
- Victory Hills: Insurance costs 2.70% less
- Se Heights: Insurance costs 4.35% less
- Nob Hill: Insurance costs 7.34% less
- South Atrisco: Insurance costs 2.23% more
- Near N Valley: Insurance costs 2.11% less
- Alamosa: Insurance costs 1.64% more
- South San Pedro: Insurance costs 0.53% less
- West Mesa: Insurance costs 2.52% more
Neighborhoods with Similar Populations
- Altamont: Insurance costs 22.90% more
- Redmont Park: Insurance costs 5.70% less
- Oakley: Insurance costs 29.24% less
- Ravine Gardens: Insurance costs 8.10% more
- Rancho Fontana: Insurance costs 34.17% more
- Point Richmond: Insurance costs 28.95% more
- Plymouth-Exchange: Insurance costs 77.80% more
- Piscataquog: Insurance costs 20.55% less
- Pheasant Hill: Insurance costs 33.94% less
- Perry South: Insurance costs 6.17% less