Albuquerque Car Insurance

Car Insurance in Albuquerque

On average, Albuquerque premiums surpass New Mexico's average by $198. Why don't we take a look at how to save on car insurance in Albuquerque?

• City Average: $1,529
• State Average: $1,331
• National Average: $1,427

Albuquerque Car Insurance by Accident or Violation History

Possessing a clean driving record is vital if you want to keep the expense of car insurance premiums minimal. Reckless driving will increase your car insurance premiums more than other driving violations. Typically, a DUI in Albuquerque will cost you 54% more in car insurance premiums versus the city average ($1,529). Reckless driving will push your rates up as well, with average rates of $2,523. That is 65% higher than the city average! Nobody plans on getting into an accident, but stuff happens, so be aware of how your rates can change following one. For those in Albuquerque with at-fault accidents, $782 is, on average, the additional cost for car insurance over the city average.

• DUI: $2,359
• Reckless Driving: $2,523
• At-fault Accident (damages less than $1000): $2,311
• At-fault Accident (damages greater than $2000): $2,311
• Speeding Ticket (16-20 mph over speed limit): $1,827

Albuquerque Car Insurance by Age

Looking across all age groups, drivers in their 50s have the lowest car insurance premiums. Their rates normally average $1,383 per year. Those in their 60s ($1,432) also have relatively low premiums. When Albuquerque drivers reach their 20s, therefore moving out of the teenage age range, they save an average of 68% each year, which is the most change you'll see between any age group. Turning 60 causes a rise in premiums, but up until that point drivers can anticipate premium reductions when they progress from one age group to the next. Teenage drivers are the ones who pay the most in car insurance premiums, with payments of $6,358 on average.

• Teenagers: $6,358
• 20s: $2,013
• 30s: $1,502
• 40s: $1,465
• 50s: $1,383
• 60s: $1,432
• 70s: $1,878

Albuquerque Car Insurance by Gender and Marital Status

Car insurance premiums in Albuquerque differ based on driver characteristics such as marital status and gender. Individuals who are single spend close to 9% more per year compared to those who are married. Rates for those who are widowed are marginally cheaper than rates for those who are single. The amount by which men's and women's car insurance premiums vary is minimal.

• Female: $1,533
• Male: $1,529
• Single: $1,529
• Married: $1,404
• Divorced: $1,529
• Widowed: $1,509

Albuquerque Car Insurance by Credit Rating

There is a discrepancy of $1,235/year between car insurance premiums for individuals with Very Poor credit (300-579) and Exceptional credit (800-850). Drivers will see the largest decrease in premiums when they boost their credit from Very Poor (300-579) to Fair (580-669). That change can save them $255 per year.

• Very Poor: $2,564
• Fair: $2,179
• Good: $1,843
• Very Good: $1,584
• Exceptional: $1,329

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