Albuquerque Car Insurance

What's the Cost of Car Insurance in Albuquerque?

On average, premiums in New Mexico are $96 less than the national average. However, premiums run higher in the city, so in Albuquerque, it is important to cut costs while insuring a vehicle. We've analyzed how auto insurance rates in Albuquerque compare to costs nationwide.

INSURANCE PRICES: ALBUQUERQUE VS. STATE/US AVERAGES

Albuquerque Car Insurance by Marital Status and Gender

There are a lot of factors, including marital status and gender, that come into play when determining car insurance rates in Albuquerque. Rates for those who are widowed are marginally cheaper than rates for those who are single. Married individuals save around 8% per year compared to those who are single. Females have premiums that are barely more costly than those for males.

ALBUQUERQUE AUTO INSURANCE PREMIUMS BY GENDER AND MARITAL STATUS

Albuquerque Car Insurance by Credit Level

Improving your credit can save you a good chunk of money. Those in the bottom credit tier (300-579) normally pay almost twice as much on premiums than those in the top credit tier (800-850). Drivers will see the largest percent decrease 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 COSTS BY CREDIT LEVEL

Albuquerque Auto Insurance After Accidents or Violations

A history of accidents and violations can cost you in terms of prices on car insurance. Reckless driving will increase your car insurance premiums more than other driving violations. $830 is the additional cost per year for drivers with a DUI in Albuquerque, compared to the city average of $1,529. Reckless driving will push your rates up as well, with average rates of $2,523! Even among safe drivers, accidents happen, so be prepared and learn how your rates can change following one. If you are found at-fault in an accident in Albuquerque, you can expect your yearly car insurance payments to grow by $782.

AVERAGE ALBUQUERQUE INSURANCE RATES AFTER A VIOLATION OR ACCIDENT

Albuquerque Auto Insurance Rates by Age

The greatest decline in premiums for Albuquerque drivers happens when they reach their 20s. Once out of the teenage age bracket, drivers save an average of $4,345 every year. Rates for drivers continue to shrink through their 50s, but they can anticipate a change when they hit 60. At $1,383, drivers in their 50s have the lowest payments among any age group. However, people in their 60s ($1,432) also have relatively low premiums. Teenage drivers are the ones who pay the most in car insurance premiums, with payments of $6,358 on average.

ALBUQUERQUE CAR INSURANCE PRICES BY DRIVER AGE

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