Best cheap car insurance in Albuquerque


The average cost of car insurance in Albuquerque for minimum coverage is $445 and full coverage is $1,580. This is higher than the state average. This is a good thing. According to the New Mexico Department of Transportation, Albuquerque is the most affected city in terms of accidents and crashes.

Burquenos require affordable and strong car insurance. We looked at customer satisfaction scores, average premium costs, and available discounts to determine which Albuquerque car insurance companies are the most affordable.

Albuquerque’s best car insurance

Based on data from Quadrant Information Services, we determined that the following five companies offer the best Albuquerque insurance. These premiums are the average 2021 premiums to insure a car with minimum or full coverage. We also took into account discounts, coverage options, and ratings from J.D.’s 2021 Auto Insurance Study. Power, an independent third-party customer satisfaction review company.


Farmers provides multi-faceted insurance coverage for your car, including rental car reimbursement, towing service, loss coverage, rideshare insurance, and customized equipment coverage for luxury or custom vehicles. Farmers offers new vehicle coverage and hybrid for new cars. However, if you own an older vehicle, you can ask about discounts.

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According to J.D., Geico has great ratings for customer service and low premiums. Annual auto insurance study by Power. It also offers some of the most affordable car insurance discounts, which can result in significant savings. Geico’s mobile app allows customers to view and make changes to accounts, request roadside assistance and pay bills. They can also file claims and track the status.


Progressive offers Geico a lot of discounts. Any driver should be able find a discount that they can use right away after becoming a customer. There are also many other discounts they could use with very little effort such as taking defensive driving courses. Progressive may offer even greater savings if you want to bundle renters insurance, condo insurance, or homeowners insurance.

State Farm

State Farm is a modern company that embraces all the latest innovations and technologies. The app is easy to use and allows you to access your account from anywhere. It also offers what it calls the Drive Safe & Save app. This smartphone app is available for both Android and iOS devices. It allows State Farm to monitor your driving habits. You may be eligible for a discount on your monthly payment if State Farm likes what you see.

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Allstate offers discounts to all drivers. However, it is particularly beneficial for students and parents of students. By completing the TeenSMART driver education program, or achieving a GPA of at least 2.7, you can save money on your trip to college.

Albuquerque’s lowest car insurance

New Mexico has an average cost of car Insurance at $337 per year for minimum liability-only coverage, and $1,388 per year for full coverage insurance. Albuquerque drivers pay $108 more on average for minimum coverage and $192 more for full coverage. These two types of coverage cost significantly more, so it is worth shopping around for Albuquerque’s cheapest car insurance.

USAA is the company you should choose if your military service includes current and former military, as well as their immediate families. Allstate, State Farm, and Geico all offer discounts and the most up-to-date apps for iOS and Android. Farmers is a great choice if you’re looking for customized coverage and lots of savings.

These are our two cents.

Albuquerque insurance requirements

New Mexico requires that all drivers have a 25/50/10 policy. If you are involved in an accident and are found responsible, your car insurance company must offer liability coverage up to:

  • $25,000 per person to cover bodily injury/death
  • $50,000 per accident for bodily injuries/death
  • Property damage: $10,000 per accident
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Insurance experts recommend that you purchase more than the basic liability. You will be responsible for any damages that exceed your policy limits. You can easily do this with property damage, especially when you consider the fact that most cars are well over $30k.

If you are looking to finance or lease a car, your lender might require additional coverage. When shopping around for coverage, compare the full costs. You may not get the best price for minimum coverage if you are not comparing full coverage costs.

Albuquerque: Car insurance discounts

Compare the available discounts and quotes when shopping around. Once discounts are applied, a company may be the most affordable.

These are the Albuquerque discounts that we recommend:

  • Paid-in-full discount: Some companies offer a 10% discount on your premium paid in full. A $1,800 policy will get a $180 discount after the annual premium has been paid. This is money that you would normally pay, so if it’s possible, you might save more than you think.
  • Multi-car: Ask your insurance company about multi-vehicle discounts if you have multiple vehicles to insure. You could save as much as 25%
  • Anti-theft: An anti-theft system in your car could save you as much as 15% Keep an eye on the monthly cost of your security system (if any). You want to save more than your monthly costs.
  • Bundle: You can bundle condo, renter, and homeowner insurance with your auto policy. To find out which company will offer you the best savings and still provide you with your insurance needs, speak to an agent at each company.
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Questions frequently asked

Which is the best auto insurance company?

There are many factors that will determine the best car insurer. Car insurance companies will use ratings factors such as your credit score, vehicle make, model, age, and gender. However, some states may not allow credit score and gender to be included in your car insurance rates. You can get multiple quotes to compare different providers and find the best policy.

Is Albuquerque home to a lot of uninsured drivers

There is no information available for Albuquerque, but it is available for New Mexico. According to , New Mexico is currently the fourth most uninsured state with 21.8% of drivers uninsured. In New Mexico, insurers are required to provide coverage for uninsured/underinsured motorists. This coverage covers you and your passengers in the event that you are struck by a driver without insurance or with inadequate insurance. Although you can reject the coverage, insurance professionals strongly recommend it.