Best Albuquerque, New Mexico Auto Insurance in 2024 (Top 10 Companies Ranked)
State Farm, USAA, and Progressive provide the best Albuquerque, New Mexico auto insurance coverage for as low as $60 per month. These top-tier insurers are offering robust policies that won't drain your wallet. For Albuquerque drivers seeking protection and value, these providers consistently deliver.
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Ty Stewart
Licensed Insurance Agent
Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about insurance when he got his first policy for his own family. He has been featured as an insurance expert speaker at agent conventions and in top publications. As an independent licensed insurance agent, he has helped clients nationwide to secure affordable coverage while making the process simpl...
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UPDATED: Oct 25, 2024
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Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Oct 25, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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The best Albuquerque, New Mexico auto insurance providers are State Farm, USAA, and Progressive, they have your back with premiums starting as low as $60 per month. These industry leaders have earned their stripes in the Duke City, offering a winning combo of budget-friendly rates and dependable coverage.
Searching for a cheap Albuquerque, New Mexico auto insurance in this lively desert city can feel overwhelming. But rest assured, we have all the important details you need.
Our Top 10 Company Picks: Best Albuquerque, New Mexico Auto Insurance
Company Rank Bundling Discount A.M. Best Best For Jump to Pros/Cons
#1 10% B Local Presence State Farm
#2 13% A++ Military Benefits USAA
#3 5% A+ Flexible Coverage Progressive
#4 15% A+ Extensive Coverage Allstate
#5 10% A Customizable Policies Farmers
#6 12% A Discount Programs Liberty Mutual
#7 8% A+ Comprehensive Coverage Nationwide
#8 20% A++ Strong Coverage Travelers
#9 8% A+ Senior Discounts The Hartford
#10 12% A++ Reliable Service Auto-Owners
Simply enter your ZIP code above, and let’s get rolling on finding the best Albuquerque, New Mexico auto insurance for your needs.
- Learn Albuquerque, NM auto insurance cost factors
- Examine the differences in auto insurance prices for teenagers and seniors
- The best auto insurance company in Albuquerque is State Farm
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#1 – State Farm: Top Overall Pick
Pros
- Duke City Deals: State Farm is the top pick for Albuquerque, New Mexico drivers, with monthly premiums of just $150. For their discounts read our State Farm auto insurance discounts.
- Tailored Coverage: Their policies are customized to meet the unique needs of Albuquerque drivers, from basic liability to comprehensive protection.
- Local Expertise: With a strong presence in the city, State Farm agents understand the ins and outs of Albuquerque’s auto insurance landscape.
Cons
- Limited Local Perks: State Farm’s discount options for Albuquerque drivers aren’t as extensive as some competitors offering the best Albuquerque, New Mexico auto insurance.
- Service Roulette: Customer experiences can be hit-or-miss, potentially impacting the overall quality of your best Albuquerque, New Mexico auto insurance experience.
#2 – USAA: Best for Military Benefits
Pros
- Military-Friendly Rates: As mentioned in our USAA auto insurance review, they provide the cheapest insurance in Albuquerque for service members, with premiums as low as $140 monthly.
- Comprehensive Albuquerque Coverage: Their policies are tailored to address the unique needs of drivers in the Albuquerque, New Mexico.
- Top-Notch Service: USAA is known for providing outstanding customer service on a consistent basis, which contributes to the overall improvement of cheap auto insurance in Albuquerque.
Cons
- Eligibility Restrictions: USAA insurance is only available to military members, veterans, and their families. This exclusivity means that not all Albuquerque residents will be able to access their cheap rates and high-quality coverage options.
- Limited Availability of Local Agents: USAA primarily operates online and via phone, which may be a disadvantage for those in Albuquerque who prefer face-to-face interactions with local insurance agents for personalized assistance.
#3 – Progressive: Best for Flexible Coverage
Pros
- Customizable Albuquerque Plans: Progressive offers some of the best Albuquerque, New Mexico auto insurance options, allowing drivers to tailor coverage to their specific needs. Learn more in our Progressive auto insurance review.
- Diverse Driver Deals: With competitive rates around $155 monthly, Progressive caters to a wide range of Albuquerque driver profiles.
- Safe Driving Rewards: Motorists in Albuquerque have the opportunity to realize substantial savings by taking advantage of Progressive’s incentives for safe driving.
Cons
- Customer Service Roulette: Some Albuquerque drivers report challenges with claims and support, potentially impacting the overall best auto insurance experience.
- Pricey for Some: High-risk Albuquerque drivers might face steeper rates compared to other providers of the best Albuquerque, New Mexico auto insurance.
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#4 – Allstate: Best for Extensive Coverage
Pros
- Robust Albuquerque Protection: Allstate offers some of the most comprehensive options for the best Albuquerque, New Mexico auto insurance.
- Local Albuquerque Experts: Their strong presence in the city ensures personalized service for your auto insurance needs.
- Discount Bonanza: Albuquerque drivers can take advantage of numerous savings opportunities to reduce their premium costs. Learn more about their discounts in our Allstate auto insurance review.
Cons
- Premium Prices: At $165 monthly, Allstate’s rates are on the higher end for the best Albuquerque, New Mexico auto insurance.
- Service Hiccups: Some Albuquerque customers report issues with claims processing and responsiveness, potentially affecting overall satisfaction.
#5 – Farmers: Best for Customizable Policies
Pros
- Albuquerque-Centric Coverage: Farmers offers highly customizable options for the best Albuquerque, New Mexico auto insurance.
- Bundle and Save: Significant discounts are available for Albuquerque drivers who combine auto with other insurance policies.
- Local Albuquerque Support: Farmers’ strong local presence ensures personalized service for your auto insurance needs. Check out this page Farmers auto insurance review to know more details.
Cons
- Costly Coverage: Farmers monthly rates are around $160, so they fall on the pricier side for the Albuquerque, New Mexico auto insurance.
- Claims Rollercoaster: Some Albuquerque drivers report inconsistent experiences with claims processing, potentially affecting overall satisfaction.
#6 – Liberty Mutual: Best for Discount Programs
Pros
- Comprehensive Albuquerque Protection: Liberty Mutual offers extensive options for the Albuquerque drivers, including accident forgiveness.
- Savings Opportunities: As mentioned in our Liberty Mutual auto insurance review, Albuquerque drivers can access numerous discounts to reduce their premium costs.
- Personalized Local Service: Their strong presence in Albuquerque ensures tailored support for your auto insurance needs.
Cons
- Higher Price Point: Liberty Mutual is among the pricier options with a full coverage monthly rate of $170. Albuquerque drivers may find this price high.
- Inconsistent Customer Experience: Some Albuquerque drivers report challenges with claims processing and overall service quality.
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#7 – Nationwide: Best for Comprehensive Coverage
Pros
- Competitive Albuquerque Rates: Nationwide offers the best Albuquerque, New Mexico auto insurance at a reasonable $158 monthly rate.
- Diverse Discount Options: Albuquerque drivers can leverage various discounts to further reduce their insurance costs.
- Financial Stability: Nationwide’s strong financial foundation provides peace of mind for Albuquerque policyholders. For more information, read our Nationwide auto insurance review.
Cons
- Limited Local Presence: Fewer local agents in Albuquerque may result in less personalized service for some drivers.
- Variable Customer Support: Some Albuquerque customers report inconsistent experiences with claims processing and support.
#8 – Travelers: Best for Strong Coverage
Pros
- Budget-Friendly Option: Travelers provides some affordable rates for auto insurance in Albuquerque, New Mexico, beginning at $152 per month. This offer is a budget-friendly alternative.
- Customizable Policies: As outlined in our Travelers auto insurance review, Albuquerque drivers can tailor their coverage to meet specific needs and preferences.
- Safe Driver Incentives: Multiple discounts are available for Albuquerque’s cautious motorists.
Cons
- Scarce Local Representation: Travelers’ local presence in Albuquerque may be limited compared to some other insurers. This could result in fewer opportunities for face-to-face interactions with local agents for personalized service.
- Unpredictable Service Quality: Some Albuquerque drivers report mixed experiences with Travelers’ customer service, including challenges with claims processing and support. This variability might impact overall satisfaction with the insurer.
#9 –The Hartford: Best for Senior Discounts
Pros
- Robust Albuquerque Coverage: The range of coverage choices ensures that Albuquerque, New Mexico drivers can find policies tailored to their specific needs.
- Multiple Savings Opportunities: Albuquerque drivers can benefit from various discounts, especially seniors. These discounts can make a significant difference in overall costs, particularly for those with clean driving records.
- Local Expertise: A solid network of Albuquerque agents provides knowledgeable, personalized service. This local presence ensures that customers receive guidance that is both relevant and specific to the region. Learn more in our The Hartford auto insurance review.
Cons
- Higher Premium Costs: The Hartford’s rates are on the higher end for Albuquerque auto insurance. This may be a deterrent for budget-conscious drivers seeking more affordable options.
- Service Inconsistencies: Some Albuquerque policyholders report challenges with customer service and claims processing. These issues could lead to delays and frustrations when assistance is most needed.
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#10 – Auto-Owners: Best for Reliable Service
Pros
- Affordable Albuquerque Coverage: Auto-Owners offers competitive rates for the best Albuquerque, New Mexico auto insurance. Their affordability makes them an attractive option for cost-conscious drivers without sacrificing quality coverage.
- Comprehensive Protection: Albuquerque drivers can access a wide range of coverage options and discounts. This flexibility allows drivers to customize their policies to match their unique needs and preferences.
- Local Agent Network: As stated in our Auto-Owners auto insurance review, their strong local ties mean customers benefit from agents who understand the specific challenges and conditions of the area.
Cons
- Unpredictable Claims Process: Some Albuquerque drivers report inconsistencies in claims handling and resolution. These issues can lead to frustration and extended wait times during what is often a stressful period.
- Limited Online Resources: Albuquerque customers who favor managing their insurance digitally might find Auto-Owners’ online tools insufficient. The limited online features could be inconvenient for tech-savvy individuals seeking straightforward account access and management.
Minimum Auto Insurance Coverage in Albuquerque, New Mexico
Table below presents a comprehensive overview of the monthly premiums associated with auto insurance in Albuquerque, New Mexico. It details the costs for both minimum coverage, which meets the state’s legal requirements, and full coverage, which offers more extensive protection for vehicles and drivers.
Albuquerque, New Mexico Auto Insurance Monthly Rates by Coverage Level & Provider
Insurance Company Minimum Coverage Full Coverage
Allstate $72 $165
Auto-Owners $67 $157
Farmers $70 $160
Liberty Mutual $74 $170
Nationwide $69 $158
Progressive $68 $155
State Farm $65 $150
The Hartford $73 $162
Travelers $66 $152
USAA $60 $140
It is important to have the minimum auto insurance required by Albuquerque, New Mexico laws to ensure financial responsibility in case of an accident. Here is a breakdown of the minimum auto insurance requirements in Albuquerque, New Mexico:
- Property damage liability coverage costs $10,000.
- The coverage for bodily injuries per person is $25,000.
- A coverage of $50,000 is provided for bodily injury per accident.
Feel free to inquire about these auto insurance discounts by leading industries in Albuquerque, New Mexico to save on your premium.
The savings offered by top insurance providers in Albuquerque, New Mexico present excellent chances for car owners to lower expenses while maintaining comprehensive coverage and promoting road safety.
Read More: Best State Farm Auto Insurance Discounts
Your Credit History Effect on Auto Insurance Rates in Albuquerque
Credit history can have a major effect on the cost of auto insurance. See how Albuquerque, New Mexico auto insurance rates by credit history compare.
Albuquerque, New Mexico Full Coverage Auto Insurance Monthly Rates by Credit Score
| Insurance Company | Bad Credit | Fair Credit | Good Credit |
|---|---|---|---|
| Allstate | $443 | $365 | $333 |
| Farmers | $498 | $414 | $394 |
| Geico | $486 | $423 | $392 |
| Nationwide | $406 | $316 | $274 |
| Progressive | $338 | $302 | $286 |
| State Farm | $362 | $222 | $176 |
| USAA | $273 | $204 | $177 |
Your credit score can affect your auto insurance rates in Albuquerque, so it’s essential to monitor and improve your credit score so you can get cheap car insurance in Albuquerque.
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Auto Insurance by Commute in Albuquerque
The duration of your commute and the number of miles you drive each year can impact your auto insurance in Albuquerque, New Mexico. Find the cheapest Albuquerque, New Mexico auto insurance by commute length.
Albuquerque, New Mexico Full Coverage Auto Insurance Monthly Rates by Annual Mileage & Provider
| Insurance Company | 6,000 Miles | 12,000 Miles |
|---|---|---|
| Allstate | $380 | $380 |
| Farmers | $435 | $435 |
| Geico | $427 | $440 |
| Nationwide | $332 | $332 |
| Progressive | $308 | $308 |
| State Farm | $247 | $260 |
| USAA | $212 | $225 |
Choosing the right insurance for your commute can save you money in Albuquerque. Compare rates to find the best deal based on your driving distance.
Read More: Pleasure-Use vs. Commuter Auto Insurance
Impact of Driving Record on Car Insurance in Albuquerque
Driving record has a big impact on your auto insurance rates. See the auto insurance rates for a bad record in Albuquerque, New Mexico compared to the auto insurance rates with a clean record in Albuquerque, New Mexico.
Albuquerque, New Mexico Full Coverage Auto Insurance Monthly Rates by Driving Record & Provider
| Insurance Company | Clean Record | One Accident | One Ticket | One DUI |
|---|---|---|---|---|
| Allstate | $311 | $414 | $352 | $444 |
| Farmers | $368 | $474 | $436 | $463 |
| Geico | $257 | $411 | $257 | $810 |
| Nationwide | $248 | $349 | $281 | $450 |
| Progressive | $266 | $365 | $315 | $287 |
| State Farm | $237 | $259 | $259 | $259 |
| USAA | $161 | $226 | $188 | $297 |
Auto insurance rates in Albuquerque are heavily impacted by your driving record. If you have a history of accidents, DUIs, or speeding violations, you can expect to pay higher premiums.
In order to keep insurance premiums, including those for comprehensive auto insurance, cost-effective and manageable, it is essential to keep a clean record over time.
Read More: Does a criminal record affect auto insurance rates?
Finding Affordable Insurance in Albuquerque, NM After a DUI
Finding cheap car insurance in Albuquerque, NM after a DUI is not easy. Compare the rates for DUI auto insurance in Albuquerque, New Mexico to find the best deal.
Albuquerque, New Mexico Full Coverage Auto Insurance Rates After a DUI
| Insurance Company | Monthly Rates |
|---|---|
| Allstate | $444 |
| Farmers | $463 |
| Geico | $810 |
| Nationwide | $450 |
| Progressive | $287 |
| State Farm | $259 |
| USAA | $297 |
Securing affordable auto insurance after a DUI in Albuquerque can be challenging, but comparing rates is crucial for finding the best option. Prioritize shopping around to get the most competitive deal in your situation.
How Demographics Impact Auto Insurance Rates in Albuquerque
Insurance companies in Albuquerque, New Mexico take various factors into account when evaluating your application, including age and gender. See table below:
Albuquerque, New Mexico Full Coverage Auto Insurance Monthly Rates by Age & Gender
| Insurance Company | Age: 17 Female | Age: 17 Male | Age: 25 Female | Age: 25 Male | Age: 35 Female | Age: 35 Male | Age: 60 Female | Age: 60 Male |
|---|---|---|---|---|---|---|---|---|
| Allstate | $775 | $900 | $245 | $258 | $222 | $222 | $205 | $215 |
| Farmers | $995 | $1,027 | $268 | $275 | $239 | $238 | $213 | $227 |
| Geico | $791 | $1,074 | $281 | $278 | $268 | $275 | $251 | $251 |
| Nationwide | $554 | $698 | $256 | $274 | $226 | $229 | $205 | $215 |
| Progressive | $682 | $767 | $197 | $204 | $163 | $157 | $148 | $148 |
| State Farm | $454 | $571 | $182 | $200 | $162 | $162 | $148 | $148 |
| USAA | $387 | $437 | $177 | $189 | $142 | $141 | $136 | $135 |
The diverse needs and risk profiles of drivers are reflected in the significant variation in auto insurance rates of insurance companies in Albuquerque, which is influenced by age, gender, and provider. Younger and single drivers often face higher premiums compared to older, individuals due to their perceived risk levels.
Each insurance provider offers different rates and coverage options, making it crucial for residents to compare quotes and find the best fit for their unique circumstances.Eric Stauffer LICENSED INSURANCE AGENT
By understanding how these demographics influence insurance costs, Albuquerque drivers can make more informed decisions and potentially save on their premiums. For more information, read our article titled “6 Reasons Auto Insurance Costs More for Young Drivers.”
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What Impacts Albuquerque Auto Insurance Rates
There are a number of factors that contribute to the fact that the rates of auto insurance in Albuquerque, New Mexico are either more or lower than those in other places. A few examples of this are the amount of traffic and the number of stolen vehicles in Albuquerque, New Mexico. Your prices for vehicle insurance in Albuquerque could be affected by a variety of local factors.
Automobile Theft in Albuquerque
More theft means higher auto insurance rates because auto insurance companies are paying more in claims. According to the FBI’s Albuquerque, New Mexico auto theft statistics, there have been 6,616 auto thefts in the city.
Read More: Does auto insurance pay if my car is stolen?
Time Spent Commuting in Albuquerque
According to City-Data, the average commute time in Albuquerque, New Mexico, is 21.8 minutes. This is longer than the national average of 25.4 minutes. Because cities with longer average commute times tend to have higher auto insurance costs, Albuquerque drivers may pay more for auto insurance than drivers in other cities.
The Traffic in Albuquerque
INRIX places Albuquerque, New Mexico at the 545th spot on the global list of cities with the highest levels of traffic congestion. This positioning indicates relatively light traffic compared to other major cities worldwide.
Prior to purchasing auto insurance in Albuquerque, New Mexico, be sure to compare quotes from several providers. Enter your ZIP code below to get free Albuquerque, New Mexico auto insurance quotes.
Frequently Asked Questions
What is the best car insurance company in New Mexico?
When picking the best car insurance company in New Mexico, people need to think about a few things, like what the insurance covers, how much it costs, how helpful the company is, and how fast they handle claims.
Experts, the latest information, and customer feedback suggest that some of the best options in the state are Allstate, Auto-Owners, Farmers, Liberty Mutual, Nationwide, Progressive, State Farm, The Hartford, Travelers, and USAA.
Does New Mexico require car insurance?
The minimum auto insurance requirements in Albuquerque, NM, include $25,000 in bodily injury liability coverage per person, $50,000 in bodily injury liability coverage per accident, and $10,000 in property damage liability coverage. To ensure fundamental financial protection, New Mexico law has set these minimum limits.
Are there additional auto insurance coverage options available in Albuquerque, NM?
Yes, beyond the minimum requirements, you can opt for additional coverages like comprehensive, collision, uninsured/underinsured motorist coverage, and medical payments coverage. These options provide broader protection and can help cover costs in more extensive situations, such as theft, vandalism, or medical expenses after an accident.
Explore your auto insurance options by entering your ZIP code into our free comparison tool below today.
How are auto insurance premiums determined in Albuquerque, New Mexico?
Your driving history, age, gender, credit history, vehicle type, and coverage level are just a few of the variables that affect auto insurance premiums in Albuquerque, NM. Insurers assess these factors to estimate the risk of insuring you and set your premium accordingly.
How can I lower my auto insurance premiums in Albuquerque, NM?
To lower your auto insurance premiums in Albuquerque, NM, consider raising your deductible, maintaining a clean driving record, bundling your auto insurance with other policies, taking advantage of discounts, and improving your credit score. These steps can help you secure more affordable rates.
Does the location within Albuquerque affect auto insurance rates?
Yes, your specific location within Albuquerque can impact your auto insurance rates. Factors such as the crime rate, traffic density, and accident statistics in your neighborhood can influence the cost of your coverage. For more information, read our article titled “Do auto insurance companies check where you live?”
Can I get auto insurance in Albuquerque, NM, with a bad driving record?
Yes, you can still get auto insurance with a bad driving record from car insurance companies in Albuquerque, but your premiums may be higher. It’s advisable to compare car insurance quotes in Albuquerque from different insurers to find the most competitive rate available to you.
What should I do if I’m involved in an accident in Albuquerque, NM?
If you’re involved in an accident in Albuquerque, NM, first ensure that everyone is safe and call the police to report the accident. Exchange information with the other parties involved, document the scene, and contact your insurance company to file a claim as soon as possible.
Are there discounts available for auto insurance in Albuquerque, NM?
Yes, many insurance providers offer discounts, and the auto insurance discounts to ask for are safe driving, good student performance, bundling multiple policies, having safety features in your vehicle, and being a loyal customer. It’s important to ask your insurer about available discounts to maximize your savings.
How does credit history affect auto insurance rates in Albuquerque, NM?
Credit history is a significant factor in determining auto insurance rates in Albuquerque, New Mexico. Insurers often view individuals with better credit scores as lower-risk, which can result in lower premiums. Conversely, a lower credit score may lead to higher insurance costs.
Uncover affordable auto insurance rates from the top providers by entering your ZIP code below.
Free Auto Insurance Comparison
Enter your ZIP code below to view companies that have cheap auto insurance rates.
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Ty Stewart
Licensed Insurance Agent
Ty Stewart is the founder and CEO of SimpleLifeInsure.com. He started researching and studying about insurance when he got his first policy for his own family. He has been featured as an insurance expert speaker at agent conventions and in top publications. As an independent licensed insurance agent, he has helped clients nationwide to secure affordable coverage while making the process simpl...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
