Albuquerque, NM Auto Insurance Rates, Quotes, Agents & Reviews
Zimlon, through its research, found that car owners in Albuquerque, NM, can avail multiple discounts on car insurance by taking various factors into consideration. These factors are explored in detail by Zimlon in the analysis below.
Auto Insurance Cost in Albuquerque, NM
The average cost of car insurance in Albuquerque, NM is $1356. Auto Insurance quotes vary widely based on individual rating factors which are explored more thoroughly by Zimlon below. The cheapest type of auto insurance that a person can have varies depending on their age and location when purchasing it as well as other various different requirements set forth by state law or any company they may be buying from with a range of rates.
Check out the factors and related discounts available in Albuquerque in detail given below.
Multi Car Insurance Rates
Car owners in Albuquerque can save money on insurance by bundling coverage from the same provider. Bundled rates are lower because one company is handling your policies and claims instead of multiple companies.The average savings one can get are as follows;
Based on age age of the driver
The insurance rates for teenagers and young drivers are inflated because they are seen as more irresponsible behind the wheel. In Albuquerque, teens pay a higher average of $4400 in auto insurance costs than older adults aged 30-40 years old who only spend an average of $1342 and $1291 respectively. Albuquerque car owners can get cheaper insurance rates by comparing age of driver-based policies and taking advantage of discounts like good student/driver discount or defensive driving.
Based on credit score
Car insurance can be cheaper for car owners who have excellent credit scores and clean driving records. Zimlon's research found that in Albuquerque if you are an "excellent" driver with a score of 800, your average annual premium is $1163 but when you make the same decision with more than one minor infraction or traffic violation on record less than 600, which could affect how much risk insurers see as acceptable to insure drivers like yourself at any given time, then your premiums will shoot up by 100%. In other words, car owners with good credit scores pay less premium whereas car owners with poor credit scores pay upto $2212 as their premium.
Based on security features
Cars that are equipped with safety devices not only protect the vehicle and passengers but can also save money.Car insurance companies will provide discounts to guardians of the road who install as many protective measures on their vehicles. The cost savings vary depending on which type or number of protective features have been installed. Zimlon’s research found that car owners in Albuquerque can reduce their auto insurance costs to $1261 by installing passive disabling devices. Installing features like an audible alarm or an active disabling device can also reduce the insurance costs to $1302 in Chelsea. Average Insurance cost for cars with active tracking devices is $1275.
Factors that can influence the cost of car insurance in Albuquerque, NM are listed below. It is imperative to understand these factors in order to reduce the cost of car insurance. It is also essential to strike a balance between the cost of insurance and the coverage requirements.
- Albuquerque, NM Auto Insurance Rates
- Albuquerque, NM Auto Insurance for Different Deductible
- How the Age of Driver Affects Insurance Rates in Albuquerque, NM
- Multi Vehicle Insurance Savings in Albuquerque, NM
- How Credit Score Affects Car Insurance Rates in Albuquerque, NM
- How DUI Affects Auto Insurance Premiums in Albuquerque, NM
- Top Auto Insurance Agents Near Albuquerque, NM
- How Driving Violations Affect Auto Insurance Rates in Albuquerque, NM
- Albuquerque, NM Auto Insurance Discounts on Anti Theft Feature
- Albuquerque, NM Auto Insurance Company Reviews
Albuquerque, NM Auto Insurance Rate Comparisons with Neighboring Locations | Back to Top
The following table compares the cost of insurance in Albuquerque, NM with that of other cities in and around Albuquerque.
| Albuquerque | North Valley | Edith Endave | South Valley | Carnuel | Los Ranchos de Albuquerque | |
|---|---|---|---|---|---|---|
| Average Insurance Rates | $1,356 | $1,416 | $1,468 | $1,355 | $1,400 | $1,530 |
Albuquerque, NM Auto Insurance Rates vary Based on Deductibles in Neighboring Cities | Back to Top
The following table makes a comparison of the variation in car insurance rates in and around Albuquerque, NM based on the change in deductibles. A higher deductible leads to a decrease in the cost of car insurance.
| Location | Low Deductible ($500) | High Deductible ($1000) |
|---|---|---|
| Albuquerque | $1,231 | $1,040 |
| Bernalillo County | $1,439 | $1,215 |
| Los Ranchos de Albuquerque | $1,199 | $1,013 |
| South Valley | $1,309 | $1,106 |
| North Valley | $1,756 | $1,483 |
| Carnuel | $1,380 | $1,166 |
| Edith Endave | $1,882 | $1,589 |
| Sandia Heights | $1,954 | $1,650 |
Albuquerque, NM Auto Insurance Rates Based on the Age of the Driver | Back to Top
Teenagers in Albuquerque, NM usually pay a much higher car insurance rate compared to the rest of the state as they are generally considered to be less responsible behind the wheel. Middle-aged drivers are likely to pay lower car insurance premiums if they are considered to be safer drivers by insurance companies.
| Age of Driver | Insurance Cost |
|---|---|
| Teens | $4,400 |
| 20 Years | $1,742 |
| 30 Years | $1,342 |
| 40 Years | $1,291 |
| 50 Years | $1,196 |
| 60 Years | $1,212 |
| 70 Years | $1,411 |
Albuquerque, NM Car Insurance Discounts for Multi-Car Insurance | Back to Top
Car owners in Albuquerque, NM can obtain discounts if they insure multiple vehicles with the same insurer. The average savings one can obtain are as follows:
| Number of Cars | Auto Insurance Cost | Total Savings |
|---|---|---|
| 2 Vehicles | $2,332 | $380 |
| 3 Vehicles | $3,498 | $570 |
| 4 Vehicles | $4,665 | $759 |
Savings on 2 Vehicles bundle:$380
Savings on 3 Vehicles bundle:$570
Savings on 4 Vehicles bundle:$759
Albuquerque, NM Post- DUI Auto Insurance Rates | Back to Top
Driving Under Influence (DUI) can be an added burden on your wallet. The cost of auto insurance will go up post-DUI. The below graph does a comparison of auto insurance rates before and after DUI in and around Albuquerque, NM.
| Location | Average Insurance Cost | Post DUI Insurance Rate |
|---|---|---|
| Albuquerque | $1,356 | $2,135 |
| Bernalillo County | $1,239 | $1,951 |
| Los Ranchos de Albuquerque | $1,530 | $2,409 |
| South Valley | $1,355 | $2,133 |
| North Valley | $1,416 | $2,230 |
| Carnuel | $1,400 | $2,204 |
| Edith Endave | $1,468 | $2,311 |
| Sandia Heights | $1,603 | $2,524 |
Albuquerque, NM Auto Insurance Rates Based on Credit Score | Back to Top
Car insurance companies can use the Credit Score of car drivers to determine car insurance rates. Car drivers with good credit can avail of substantial discounts on car insurance rates.
| Credit Score | Insurance Cost |
|---|---|
| Exceptional (800-850) | $1,163 |
| Excellent (740-799) | $1,328 |
| Good (670-739) | $1,413 |
| Average (580-669) | $1,843 |
| Poor (300-579) | $2,212 |
Albuquerque, NM Auto Insurance Agents | Back to Top
Car owners can obtain quotes from multiple auto insurance companies. Comparing different quotes can help identify the cheapest auto insurance provider best suited for their coverage needs.
| Agent Name | Company | Agent Address | Contact Details |
|---|---|---|---|
| Belinda Barreras-Medrano | State Farm | 1201 Rio Grande Blvd NW, Albuquerque, 87104-2630 | 505-764-9111 |
| Steve Kunkle | State Farm | 1336 Wy Blvd NE Ste E, Albuquerque, 87112-5000 | 505-292-5940 |
| John Burlingame | Farmers | 2521 SAN PEDRO DR NE STE A, Albuquerque, 87110 | (505) 884-5996 |
| Teresa Allen | Farmers | 520 Chama St NE, Albuquerque, 87108 | (505) 265-6693 |
| Bob Conway Jr | State Farm | 2301 Juan Tabo Blvd NE, Albuquerque, 87112-1826 | 505-299-9547 |
| Wafd Insurance Group | Allstate | 4400 Osuna Rd Ne Fl 2, Albuquerque, 87109 | (505) 369-1900 |
| Desert Mountain Agency Inc | Travelers | 8500 MENAUL BLVD STE B345, ALBUQUERQUE, 87112 | 505-888-8846 |
| Usi Southwest | Liberty Mutual Independent | 320 OSUNA RD NE STE G1, ALBUQUERQUE, 87107 | (505) 262-2621 |
| Tom Kuan | Liberty Mutual | 6410 Coors Blvd Nw Ste 100, Albuquerque, 87120 | 1-505-899-5171 |
| Daniels Insurance | Travelers | 320 Gold Sw Suite 700 Albuquerque, ABQ, 87102 | None |
Albuquerque, NM Auto Insurance Rates can Increase Based on Driving Violations | Back to Top
Auto insurance rates tend to increase depending on the type and number of driving violations. The driving violations can stay on the record for a considerable amount of time leading to higher auto insurance rates. The severity of the driving violation and place of residence will determine how long the violation stays on record.
| Driving Violation | Cost Increase | Total Insurance Cost |
|---|---|---|
| Driving Without Headlights | +$60 | $1,416 |
| Driver's Failure In Showing Documents | +$132 | $1,488 |
| Driving With An Expired Registration | +$140 | $1,496 |
| Driving At A Considerably Slow Pace | +$294 | $1,650 |
| Using A Cellphone While Driving | +$311 | $1,667 |
| Running A Red Light | +$316 | $1,672 |
| Speeding | +$332 | $1,688 |
| Driving A Vehicle Without The Required Permission | +$422 | $1,778 |
| Driving With An Expired/Suspended License | +$914 | $2,270 |
Albuquerque, NM Auto Insurance Rates Based on Anti-Theft Feature | Back to Top
Cars that are equipped with safety devices are less prone to thefts. As a result, auto insurance companies provide a considerable amount of discounts to vigilant car owners. The discounts vary depending on the type and number of safety devices installed.
| Anti Theft Feature | Insurance Cost |
|---|---|
| Audible Alarm | $1,302 |
| Active Disabling Device | $1,302 |
| Tracking Device | $1,275 |
| Passive Disabling Device | $1,261 |
Latest Auto Insurance Reviews in Albuquerque, NM | Back to Top
State FarmI just renewed and my premium is a bit over $2,000. however I'm unsure of the deductible fully.Again, this company's was still lower than the others.
ProgressiveI routinely compare rates with other auto insurance companies in hopes of lowering my premiums,my loyalty savings keep their premiums lower than any other company can offer.
ProgressiveI would recommend this company in part because they have provided exceptional customer service, have the most fair premium and deductible, and offer discounts for good driving.
Travelerstravelers is a great company. I have to switch companies soon, because they do not operate in texas, where i recently moved. i am researching companies in this state, and so far, travelers is by far cheaper than insurance in texas.
Travelerstravelers is a great company. I have to switch companies soon, because they do not operate in texas, where i recently moved. i am researching companies in this state, and so far, travelers is by far cheaper than insurance in texas.
State FarmThere was one instance where a police officer forced me to give my information to the person that caused a wreck I was involved with. I tried to explain this to my insurance company but they went ahead and approved the claim thus increasing my premium.
Farm BureauI have never had an issue with our customer service representatives at our company. They have always been very informative and helpful with any questions that we have.
State FarmI like State Farm because of their customer service. The agent deals directly with me and I never get a recording when I call for questions. I don't feel like a number, but a real person that means something to them.
Safeco Insuranceoverall I feel that allstate is one of those best bang for your bucks company's where my dollar really stretches and I get a phenomenal bit of coverage for my home and auto
American National Property And Casualty CompanyThe company as a whole is satisfactory for the needs and services they provide. I like that the company offers discounts for bundling, multiple car discounts, and member rewards for years of holding a policy.
AllstateI dislike that it is difficult to reach the all-state when I am traveling abroad or at odd hours of the night
TravelersI like that the company is always available through either the phone or the phone app. I can do many things through the app, and if I need to call them the wait times are usually short to speak to a generally pleasant customer service rep.
Liberty MutualI have accident forgiveness that I can't get from others