What's the Cost of Car Insurance in Albuquerque?
On average, premiums in New Mexico are $96 less than the national average. However, premiums run higher in the city, so in Albuquerque, it is important to cut costs while insuring a vehicle. We've analyzed how auto insurance rates in Albuquerque compare to costs nationwide.
INSURANCE PRICES: ALBUQUERQUE VS. STATE/US AVERAGES
|City Average||State Average||National Average|
Albuquerque Car Insurance by Marital Status and Gender
There are a lot of factors, including marital status and gender, that come into play when determining car insurance rates in Albuquerque. Rates for those who are widowed are marginally cheaper than rates for those who are single. Married individuals save around 8% per year compared to those who are single. Females have premiums that are barely more costly than those for males.
ALBUQUERQUE AUTO INSURANCE PREMIUMS BY GENDER AND MARITAL STATUS
|Marital Status/Gender||Average Rate|
Albuquerque Car Insurance by Credit Level
Improving your credit can save you a good chunk of money. Those in the bottom credit tier (300-579) normally pay almost twice as much on premiums than those in the top credit tier (800-850). Drivers will see the largest percent decrease in premiums when they boost their credit from Very Good (740-799) to Exceptional (800-850). That change can save them 16% per year.
ALBUQUERQUE CAR INSURANCE COSTS BY CREDIT LEVEL
|Credit Score||Average Auto Insurance Rate|
Albuquerque Auto Insurance After Accidents or Violations
A history of accidents and violations can cost you in terms of prices on car insurance. Reckless driving will increase your car insurance premiums more than other driving violations. $830 is the additional cost per year for drivers with a DUI in Albuquerque, compared to the city average of $1,529. Reckless driving will push your rates up as well, with average rates of $2,523! Even among safe drivers, accidents happen, so be prepared and learn how your rates can change following one. If you are found at-fault in an accident in Albuquerque, you can expect your yearly car insurance payments to grow by $782.
AVERAGE ALBUQUERQUE INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
|Incident or Violation||Average Rate|
|At-fault Accident (damages less than $1,000)||$2,311|
|At-fault Accident (damages greater than $2,000)||$2,311|
|Speeding Ticket (16-20 mph over speed limit)||$1,827|
Albuquerque Auto Insurance Rates by Age
The greatest decline in premiums for Albuquerque drivers happens when they reach their 20s. Once out of the teenage age bracket, drivers save an average of $4,345 every year. Rates for drivers continue to shrink through their 50s, but they can anticipate a change when they hit 60. At $1,383, drivers in their 50s have the lowest payments among any age group. However, people in their 60s ($1,432) also have relatively low premiums. Teenage drivers are the ones who pay the most in car insurance premiums, with payments of $6,358 on average.
ALBUQUERQUE CAR INSURANCE PRICES BY DRIVER AGE
What drives up car insurance rates in Albuquerque?
Where you live in Albuquerque affects your car insurance rates. Besides your driving history and credit score, where you live is one of the biggest contributing factors to the car insurance rates you'll pay. The reason? Crime, theft and uninsured motorists vary by zip code. So if you find yourself in a neighborhood that doesn’t play well with others, car insurance companies may consider you a high risk to insure, meaning: your rates could be higher than those of a pal who lives just around the block. And, unfortunately Albuquerque is no exception to the rule. From zip code 87124 to 87125, premiums rise by 26 percent—that’s $306.
Expensive Albuquerque Zip Codes: 87181, 87194, 87151, 87103, 87125
Cheap Albuquerque Zip Codes: 87124, 87114, 87048, 87113, 87120
Albuquerque Driving Conditions
Inclement weather goes hand in hand with wet brakes, slick roads & decreased visibility.
And that's not the worst of it. Each year there are more than 700,000 weather-related car accidents. In Albuquerque, you can expect 81 rainy days with an annual rainfall of 15 inches. Albuquerque is also known to experience thunderstorms and flash floods. You can check on the condition of the roads anytime here.
Rainy Days a Year
Avg. Annual Rainfall
Avg. Annual Snowfall
Find Local Albuquerque Agents
Western States Insurance Group
1306 Rio Grande NW, Suite B Albuquerque, NM 87104
First Santa Fe Insurance Services, Inc
6501 Americas Parkway NE, Ste 101 Albuquerque, NM 87110
Downey & Company
6565 Americas Pkwy NE Ste 750 Albuquerque, NM 87110
J. B. Martin Insurance Agency
8500 Menaul NE Ste B 345 Albuquerque, NM 87112
J A Sunderland Agency, Inc.
2431 San Pedro NE Albuquerque, NM 87110
Daniels Insurance Agency, Inc.
320 Gold SW Suite 700 Albuquerque, NM 87102
Anna L. Torres Agency, LLC
3124 San Mateo Blvd NE Albuquerque, NM 87110
Rio Grande Insurance
4605 4th NW, Suite A Albuquerque, NM 87107
Steidley Agency, Inc.
10701 Lomas Blvd., NE Suite 106 Albuquerque, NM 87112
Jackson & Brown Insurance Solutions
9388 Valley View Drive, Suite 100 Albuquerque, NM 87114
Linton and Associates
1204 Central Ave SW Albuquerque, NM 87102
Route 66 Insurance, Inc.
3701 San Mateo Blvd Albuquerque, NM 87110
Sofia's Insurance Agency
1802 Deluvina Dr Sw Albuquerque, NM 87105
Western E&O Brokers, Inc.
2155 Louisiana Blvd, NE Suite 10100 Albuquerque, NM 87110
Letherer Insurance Consultants, LLC
2701 San Pedro NE, Suite 15 Albuquerque, NM 87110
Menicucci Insurance Agency
2116 Vista Oeste NW Bldg 5 Albuquerque, NM 87120
Sunset Insurance Corporation
1905 San Mateo Blvd NE Albuquerque, NM 87110
Cress Insurance Consultants, Inc
6101 Moon Street NE #1000 Albuquerque, NM 87111
Albuquerque Insurance World, Inc.
2828 Carlisle NE Ste F Albuquerque, NM 87110
Rio Grande Insurance
Two Park Square Albuquerque, NM 87110
Berger Briggs Real Estate & Insurance, Inc.
4333 Pan American Frwy Albuquerque, NM 87107
True Coverage LLC
2021 Girard Blvd SE, Ste 200 Albuquerque, NM 87106
WAFD Insurance Group, Inc
2501 Alamo Avenue SE Albuquerque, NM 87106
Pueblo Insurance Agency, Inc.
2401 12th St. NW, Suite 214-215 S Albuquerque, NM 87104
Commercial West Insurance Agency
7800 Marble NE Suite 10 Albuquerque, NM 87110
Aon Risk Solutions
6000 Uptown Blvd NE #400 Albuquerque, NM 87110
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