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
True Coverage LLC
2021 Girard Blvd SE, Ste 200 Albuquerque, NM 87106
Letherer Insurance Consultants, LLC
2701 San Pedro NE, Suite 15 Albuquerque, NM 87110
Route 66 Insurance, Inc.
3701 San Mateo Blvd Albuquerque, NM 87110
Commercial West Insurance Agency
7800 Marble NE Suite 10 Albuquerque, NM 87110
Cress Insurance Consultants, Inc
6101 Moon Street NE #1000 Albuquerque, NM 87111
Rio Grande Insurance
Two Park Square Albuquerque, NM 87110
Aon Risk Solutions
6000 Uptown Blvd NE #400 Albuquerque, NM 87110
Sunset Insurance Corporation
1905 San Mateo Blvd NE Albuquerque, NM 87110
First Santa Fe Insurance Services, Inc
6501 Americas Parkway NE, Ste 101 Albuquerque, NM 87110
Western States Insurance Group
1306 Rio Grande NW, Suite B Albuquerque, NM 87104
Downey & Company
6565 Americas Pkwy NE Ste 750 Albuquerque, NM 87110
Western E&O Brokers, Inc.
2155 Louisiana Blvd, NE Suite 10100 Albuquerque, NM 87110
J A Sunderland Agency, Inc.
2431 San Pedro NE Albuquerque, NM 87110
Albuquerque Insurance World, Inc.
2828 Carlisle NE Ste F Albuquerque, NM 87110
Pueblo Insurance Agency, Inc.
2401 12th St. NW, Suite 214-215 S Albuquerque, NM 87104
Anna L. Torres Agency, LLC
3124 San Mateo Blvd NE Albuquerque, NM 87110
Daniels Insurance Agency, Inc.
320 Gold SW Suite 700 Albuquerque, NM 87102
Jackson & Brown Insurance Solutions
9388 Valley View Drive, Suite 100 Albuquerque, NM 87114
Rio Grande Insurance
4605 4th NW, Suite A Albuquerque, NM 87107
Steidley Agency, Inc.
10701 Lomas Blvd., NE Suite 106 Albuquerque, NM 87112
Berger Briggs Real Estate & Insurance, Inc.
4333 Pan American Frwy Albuquerque, NM 87107
J. B. Martin Insurance Agency
8500 Menaul NE Ste B 345 Albuquerque, NM 87112
WAFD Insurance Group, Inc
2501 Alamo Avenue SE Albuquerque, NM 87106
Linton and Associates
1204 Central Ave SW Albuquerque, NM 87102
Sofia's Insurance Agency
1802 Deluvina Dr Sw Albuquerque, NM 87105
Menicucci Insurance Agency
2116 Vista Oeste NW Bldg 5 Albuquerque, NM 87120
The average Burqueño's annual cost of coverage
Our customer's average savings after comparing insurance
See How Much You Can Save in Albuquerque
Just enter your zip code to get started
Albuquerque Car Insurance
Can insured party use their own coverage after not-at-fault accident?
What if an accident occurred and one of the party’s had insurance and the other did not, can the not-at-party ...
Will my rate go up for filing a claim even if I have accident forgiveness?
I hit a barrier in a parking garage and damaged my car. My deductible is $500 and the damage will ...
Should I file a claim if my repair cost is $1,500?
I made a left turn with the flow of traffic and hit a dip; breaking my front suspension on my ...
Albuquerque Car Insurance
How to Update Your Driver’s License When You Move to a New State
Jul 28, 2017
Moving to a new state can be an exciting adventure. As with most moves, it requires a bit of paperwork...
Drunk Driving vs. Distracted Driving: Which is More Dangerous?
Jun 09, 2017
Drunk driving has long been a major cause of accidents on the road. Having a few drinks impairs our...
Digital Insurance Cards: Which States Accept Them?
May 19, 2017
You probably already take care of your banking errands on your phone (thanks, mobile check deposits!). You may have shown...
Car Insurance for First-Time Drivers: 6 Things You Should Know
Apr 03, 2017
A driver’s license is more than just permission to take to the open road. To many, including first-time drivers, it...
Driverless Car Laws by State
Mar 16, 2017
While many established automakers and technology companies are itching to win the autonomous vehicle race, legislators are simply trying to...
How Does the Government Affect What You Pay for Car Insurance?
Mar 12, 2017
With auto insurance rates on the rise over the last five years, I’m constantly asked who’s responsible for auto...
What You Need to Know about Getting High and Driving in 2017
Jan 30, 2017
Marijuana legalization in the U.S. is constantly evolving, and states continue to modify their own legislation on their own timelines....
4 Consequences of Driving without Insurance
Jan 27, 2017
If you drive in the U.S., you simply have to have car insurance. It’s the law. (Even residents of New...
The Rundown on “No Refusal” Weekends
Dec 20, 2016
The holidays are a hazardous time to be on the roads, and believe us, cops know it. They’re closely monitoring...
How Long After a Car Crash Can You File a Claim?
Dec 13, 2016
Auto insurance rules aren’t simple: each state sets its own regulations about everything from whether or not a driver’s credit...
What’s the Most Expensive Traffic Ticket in Your State?
Nov 08, 2016
If a cop hands you a ticket for speeding, swerving in and out of lanes, or causing a crash, you’re...
Don’t Count on Anti-Theft Devices to Lower Your Insurance Rate – Here’s Why
Nov 02, 2016
We know that tech and automotive companies are racing to create increasingly connected, autonomous cars. In fact, many of us...
Driver’s License Points: Do They Matter?
Sep 23, 2016
In the world of traffic law and auto insurance, points are universally a bad thing. Instead of helping you win...
Who Pays More for Car Insurance: Democrats or Republicans?
Aug 22, 2016
Red states, blue states, and battleground states: we’ll hear a lot about the political leanings of the 50 U.S. states...
Which States Have the Cheapest Car Insurance?
Aug 02, 2016
Car insurance companies consider all sorts of factors to assess risk and set rates for different drivers. Here at The...
Welcome to Data Heaven: Introducing The 2016 State of Auto Insurance Report
Aug 02, 2016
Drumroll please… Today, The Zebra introduces to you, fine readers, our first annual State of Auto Insurance Report! Did you...
Study: Poor Credit Will Cost You Double for Car Insurance
May 03, 2016
Most folks consider credit a crucial factor in determining what they pay for home mortgages and other big life expenses, but far...