Albuquerque Car Insurance

How Much Are Car Insurance Rates in Albuquerque?

It is known that Albuquerque has pricey premiums, as its mean premium surpasses New Mexico's average by $198. So in Albuquerque, it is especially imperative to save while insuring a vehicle. Let's take a look at how auto insurance costs in Albuquerque compare to rates nationwide.

INSURANCE PREMIUMS: ALBUQUERQUE VS. NATIONAL/STATE AVERAGES

Albuquerque Car Insurance by Marital Status and Gender

There are numerous factors, including gender and marital status, that can play a role in car insurance rates in Albuquerque. Being single can cost you close to 9% more per year compared to being married. Rates for those who are widowed are slightly cheaper than rates for those who are single. The amount by which men's and women's car insurance premiums vary is trivial.

ALBUQUERQUE AUTO INSURANCE PREMIUMS BY GENDER AND MARITAL STATUS

Albuquerque Car Insurance After Accidents or Violations

Maintaining an untainted driving record is important to keep the price of premiums low. If you are found at-fault in an accident in Albuquerque, you can expect your yearly car insurance premiums to grow by 51%. In Albuquerque, drivers with a DUI need to spend 54% more than the city average to insure their vehicle. Reckless driving will also bump your rates up, with typical rates of $2,523, which are 65% higher than the city average!

AVERAGE ALBUQUERQUE INSURANCE RATES AFTER A VIOLATION OR ACCIDENT

Albuquerque Car Insurance by Age

Among all age groups, drivers in their 50s have the smallest insurance premiums, with rates of $1,383/year. Those in their 60s ($1,432) also have relatively low premiums. With rates of $6,358 on average, teenage drivers are the ones who pay the most in car insurance premiums. The most significant drop in premiums for Albuquerque drivers happens when they reach their 20s. Once out of the teenage age bracket, people save, on average, 68% each year. Rates for drivers in Albuquerque continue to decline through their 50s, but they can expect a change when they hit 60.

ALBUQUERQUE CAR INSURANCE PREMIUMS BY DRIVER AGE

Albuquerque Auto Insurance by Credit Rating

People with Very Poor credit (300-579) pay an average of almost twice as much every year for car insurance than those with Exceptional credit (800-850). Drivers will see the greatest percent drop 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 RATES BY CREDIT TIER

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