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 AverageState AverageNational Average
$1,567$1,340$1,569


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/GenderAverage Rate
Female$1,572
Male$1,567
Single$1,567
Married$1,431
Divorced$1,567
Widowed$1,548


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 LevelAverage Rate
Very Poor$2,986
Fair$1,845
Good$1,567
Very Good$1,434
Exceptional$1,329


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
AgeAverage Rate
Teenagers$6,491
20s$2,105
30s$1,539
40s$1,500
50s$1,416
60s$1,457
70s$1,748


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
Violation/IncidentAverage Rate
DUI$2,383
Reckless Driving$2,367
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.

81

Rainy Days a Year

15"

Avg. Annual Rainfall

27"

Avg. Annual Snowfall

Be Prepared For

Driving in the ABQ

2
Major Highways
I-40 I-25 SH 423
2
Popular Day Trips
Gilman Tunnels Coronado State Monument Sandia Man Cave

Find Local Albuquerque Agents

Aon Risk Solutions

6000 Uptown Blvd NE #400 Albuquerque, NM 87110

Jackson & Brown Insurance Solutions

9388 Valley View Drive, Suite 100 Albuquerque, NM 87114

Rio Grande Insurance

Two Park Square Albuquerque, NM 87110

Western E&O Brokers, Inc.

2155 Louisiana Blvd, NE Suite 10100 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

Anna L. Torres Agency, LLC

3124 San Mateo Blvd NE Albuquerque, NM 87110

Rio Grande Insurance

4605 4th NW, Suite A Albuquerque, NM 87107

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

Downey & Company

6565 Americas Pkwy NE Ste 750 Albuquerque, NM 87110

First Santa Fe Insurance Services, Inc

6501 Americas Parkway NE, Ste 101 Albuquerque, NM 87110

Sunset Insurance Corporation

1905 San Mateo Blvd NE Albuquerque, NM 87110

Commercial West Insurance Agency

7800 Marble NE Suite 10 Albuquerque, NM 87110

Letherer Insurance Consultants, LLC

2701 San Pedro NE, Suite 15 Albuquerque, NM 87110

Route 66 Insurance, Inc.

3701 San Mateo Blvd Albuquerque, NM 87110

Cress Insurance Consultants, Inc

6101 Moon Street NE #1000 Albuquerque, NM 87111

Steidley Agency, Inc.

10701 Lomas Blvd., NE Suite 106 Albuquerque, NM 87112

Pueblo Insurance Agency, Inc.

2401 12th St. NW, Suite 214-215 S Albuquerque, NM 87104

Sofia's Insurance Agency

1802 Deluvina Dr Sw Albuquerque, NM 87105

Albuquerque Insurance World, Inc.

2828 Carlisle NE Ste F Albuquerque, NM 87110

Menicucci Insurance Agency

2116 Vista Oeste NW Bldg 5 Albuquerque, NM 87120

Linton and Associates

1204 Central Ave SW Albuquerque, NM 87102

WAFD Insurance Group, Inc

2501 Alamo Avenue SE Albuquerque, NM 87106

Daniels Insurance Agency, Inc.

320 Gold SW Suite 700 Albuquerque, NM 87102

Western States Insurance Group

1306 Rio Grande NW, Suite B Albuquerque, NM 87104

2

$1,309

The average Burqueño's annual cost of coverage

2

40%

Our customer's average savings after comparing insurance

Revised

209

That's equal to 209 cups of coffee or $524 in savings

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Recent Questions:

Albuquerque Car Insurance

Can insured party use their own coverage after not-at-fault accident?

I don't really have any resources for you. The uninsured driver who is at fault in the accident will be responsible for the damages.

Will my rate go up for filing a claim even if I have accident forgiveness?

It really will depend on how your previous accident was categorized. If you were considered to be at fault in the previous crash then your accident forgiveness was likely used during that particular claim.

Should I file a claim if my repair cost is $1,500?

In New Mexico, our State of Insurance report shows that an at fault accident increases rates by an average of $596 additionally per year. Since accidents impact your rate for at least 3 years, you would be paying an extra $1,788 in premium over that time frame.