How Much Are Car Insurance Rates in Albuquerque?
Albuquerque premiums are $227 greater than New Mexico's average, which is why the city is known for its costly premiums. Who doesn't like saving money? Check out some ways to save on car insurance in Albuquerque.
INSURANCE PREMIUMS: ALBUQUERQUE VS. NATIONAL/STATE AVERAGES
|City Average||State Average||National Average|
Albuquerque Auto Insurance by Marital Status and Gender
In Albuquerque, many driver attributes, including marital status and gender, affect car insurance premiums. Rates for those who are widowed are slightly cheaper than rates for those who are single. Married individuals save approximately $140 per year compared to those who are single. Premiums are barely cheaper for men. Men normally pay 0.3% less than women every year for insurance.
ALBUQUERQUE CAR INSURANCE RATES BY GENDER AND MARITAL STATUS
|Marital Status/Gender||Average Rate|
Albuquerque Car Insurance by Credit Level
Improving your credit tier from Very Poor credit (300-579) to Exceptional credit (800-850) can save you 55% each year on premiums. In terms of percent change, the largest benefit of better credit comes from rising from Very Poor (300-579) to Fair (580-669), by which drivers can save nearly 38% per year.
ALBUQUERQUE AUTO INSURANCE COSTS BY CREDIT LEVEL
|Credit Level||Average Rate|
Albuquerque Car Insurance Premiums by Driver Age
The largest reduction in premiums for Albuquerque drivers happens when they reach their 20s. Once out of the teenage age bracket, people pay 68% less in premiums. When drivers turn 60, they will experience a car insurance premium increase related to their age for the first time. Everyone loves to save money, and luckily for drivers in their 50s, they do just that! They have the lowest car insurance rates among any age group, with rates of $1,416/year. People in their 60s ($1,457) aren’t paying significantly more. Teenage drivers have the biggest premiums out of all the age groups, with car insurance payments of $6,491 on average.
ALBUQUERQUE AUTO INSURANCE COSTS BY AGE
Albuquerque Car Insurance by Violation or Accident History
Accidents and violations on your record can cost you in terms of premiums. Many people look at speeding as a minor offense, but a ticket for driving 16-20mph over the limit increases your insurance premiums by a sizeable $327. $816 is the extra cost per year for drivers with a DUI in Albuquerque, compared to the city average of $1,567. Reckless driving will also push your rates up, with typical rates of $2,367!
AVERAGE ALBUQUERQUE INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
|At-fault Accident (damages less than $1,000)||$2,082|
|At-fault Accident (damages greater than $2,000)||$2,339|
|Speeding Ticket (16-20 mph over speed limit)||$1,894|
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
Route 66 Insurance, Inc.
3701 San Mateo Blvd Albuquerque, NM 87110
True Coverage LLC
2021 Girard Blvd SE, Ste 200 Albuquerque, NM 87106
WAFD Insurance Group, Inc
2501 Alamo Avenue SE Albuquerque, NM 87106
Commercial West Insurance Agency
7800 Marble NE Suite 10 Albuquerque, NM 87110
Western E&O Brokers, Inc.
2155 Louisiana Blvd, NE Suite 10100 Albuquerque, NM 87110
First Santa Fe Insurance Services, Inc
6501 Americas Parkway NE, Ste 101 Albuquerque, NM 87110
Pueblo Insurance Agency, Inc.
2401 12th St. NW, Suite 214-215 S Albuquerque, NM 87104
J. B. Martin Insurance Agency
8500 Menaul NE Ste B 345 Albuquerque, NM 87112
Steidley Agency, Inc.
10701 Lomas Blvd., NE Suite 106 Albuquerque, NM 87112
Rio Grande Insurance
4605 4th NW, Suite A Albuquerque, NM 87107
Berger Briggs Real Estate & Insurance, Inc.
4333 Pan American Frwy Albuquerque, NM 87107
Linton and Associates
1204 Central Ave SW Albuquerque, NM 87102
Downey & Company
6565 Americas Pkwy NE Ste 750 Albuquerque, NM 87110
Rio Grande Insurance
Two Park Square Albuquerque, NM 87110
Sofia's Insurance Agency
1802 Deluvina Dr Sw Albuquerque, NM 87105
Anna L. Torres Agency, LLC
3124 San Mateo Blvd NE Albuquerque, NM 87110
Western States Insurance Group
1306 Rio Grande NW, Suite B Albuquerque, NM 87104
Menicucci Insurance Agency
2116 Vista Oeste NW Bldg 5 Albuquerque, NM 87120
Jackson & Brown Insurance Solutions
9388 Valley View Drive, Suite 100 Albuquerque, NM 87114
Sunset Insurance Corporation
1905 San Mateo Blvd NE Albuquerque, NM 87110
Daniels Insurance Agency, Inc.
320 Gold SW Suite 700 Albuquerque, NM 87102
Aon Risk Solutions
6000 Uptown Blvd NE #400 Albuquerque, NM 87110
Albuquerque Insurance World, Inc.
2828 Carlisle NE Ste F Albuquerque, NM 87110
J A Sunderland Agency, Inc.
2431 San Pedro NE Albuquerque, NM 87110
Cress Insurance Consultants, Inc
6101 Moon Street NE #1000 Albuquerque, NM 87111
Letherer Insurance Consultants, LLC
2701 San Pedro NE, Suite 15 Albuquerque, NM 87110
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