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
| City Average | State Average | National Average |
| $1,529 | $1,331 | $1,427 |
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
| Marital Status/Gender | Average Rate |
| Female | $1,533 |
| Male | $1,529 |
| Single | $1,529 |
| Married | $1,404 |
| Divorced | $1,529 |
| Widowed | $1,509 |
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
| Violation/Incident | Mean Rate |
| DUI | $2,359 |
| Reckless Driving | $2,523 |
| At-fault Accident (damages less than $1,000) | $2,311 |
| At-fault Accident (damages greater than $2,000) | $2,311 |
| Speeding Ticket (16-20 mph over speed limit) | $1,827 |
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
| Age | Average Rate |
| Teenagers | $6,358 |
| 20s | $2,013 |
| 30s | $1,502 |
| 40s | $1,465 |
| 50s | $1,383 |
| 60s | $1,432 |
| 70s | $1,878 |
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
| Credit Quality | Average Car Insurance Rate |
| 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
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
Major Highways
I-40 I-25 SH 423Popular Day Trips
Gilman Tunnels Coronado State Monument Sandia Man CaveParking
City of Albuquerque ParkingCar Insurance Companies in Albuquerque
Find Local Albuquerque Agents
Menicucci Insurance Agency
2116 Vista Oeste NW Bldg 5 Albuquerque, NM 87120
Sunset Insurance Corporation
1905 San Mateo Blvd NE Albuquerque, NM 87110
Downey & Company
6565 Americas Pkwy NE Ste 750 Albuquerque, NM 87110
Sofia's Insurance Agency
1802 Deluvina Dr Sw Albuquerque, NM 87105
Rio Grande Insurance
4605 4th NW, Suite A Albuquerque, NM 87107
Aon Risk Solutions
6000 Uptown Blvd NE #400 Albuquerque, NM 87110
Letherer Insurance Consultants, LLC
2701 San Pedro NE, Suite 15 Albuquerque, NM 87110
J A Sunderland Agency, Inc.
2431 San Pedro NE Albuquerque, NM 87110
Pueblo Insurance Agency, Inc.
2401 12th St. NW, Suite 214-215 S Albuquerque, NM 87104
Rio Grande Insurance
Two Park Square Albuquerque, NM 87110
True Coverage LLC
2021 Girard Blvd SE, Ste 200 Albuquerque, NM 87106
Linton and Associates
1204 Central Ave SW Albuquerque, NM 87102
Berger Briggs Real Estate & Insurance, Inc.
4333 Pan American Frwy Albuquerque, NM 87107
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
Steidley Agency, Inc.
10701 Lomas Blvd., NE Suite 106 Albuquerque, NM 87112
Cress Insurance Consultants, Inc
6101 Moon Street NE #1000 Albuquerque, NM 87111
Route 66 Insurance, Inc.
3701 San Mateo Blvd Albuquerque, NM 87110
WAFD Insurance Group, Inc
2501 Alamo Avenue SE Albuquerque, NM 87106
Albuquerque Insurance World, Inc.
2828 Carlisle NE Ste F Albuquerque, NM 87110
First Santa Fe Insurance Services, Inc
6501 Americas Parkway NE, Ste 101 Albuquerque, NM 87110
J. B. Martin Insurance Agency
8500 Menaul NE Ste B 345 Albuquerque, NM 87112
Anna L. Torres Agency, LLC
3124 San Mateo Blvd NE Albuquerque, NM 87110
Commercial West Insurance Agency
7800 Marble NE Suite 10 Albuquerque, NM 87110
Western E&O Brokers, Inc.
2155 Louisiana Blvd, NE Suite 10100 Albuquerque, NM 87110
Jackson & Brown Insurance Solutions
9388 Valley View Drive, Suite 100 Albuquerque, NM 87114
$1,309
The average Burqueño's annual cost of coverage
40%
Our customer's average savings after comparing insurance
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Additional Resources:
Albuquerque Car Insurance
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Sep 20, 2016
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