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Beth Swanson

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Beth joined The Zebra in 2022 as an Associate Content Strategist. She is a licensed insurance agent whose goal is to make insurance content easy to r…

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Nathan is an insurance professional with a focus on creating positive customer experiences with more than 10 years of industry experience.

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Susan Meyer

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Susan is a licensed insurance agent and has worked as a writer and editor for over 10 years across a number of industries. She has worked at The Zebr…

How much does car insurance cost in Albuquerque?

Albuquerque is relatively affordable when compared to other major cities in the United States. When it comes to auto insurance, the average rate in Albuquerque is $945 for a six-month policy, which breaks down to about $158 per month. According to our 2024 data, USAA is the cheapest car insurance company in Albuquerque, with rates at $644 for a six-month policy. MetLife and Geico also follow closely behind in affordability and are good options for those who aren't eligible for USAA.

Residents of Albuquerque do pay more than the average for car insurance in New Mexico as a whole, which is $808 per six-month policy. The city's average rates are also higher than that of the national average, which comes in at $880. When it comes to cheap auto coverage for Albuquerque residents, our data shows that 37% of customers feel like they are paying too much for their insurance.  

If you're wondering whether your current rates are on-par with those typical of Albuquerque, or simply want to understand your coverage better, we've got the information you need about rates and the factors that go into them, such as age, credit score and even the impact of weather. 

Car Insurance in Albuquerque vs. New Mexico

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Car Insurance in Albuquerque vs. New Mexico Avg. 6 Mo. Premium
Albuquerque Average $945
New Mexico Average $808

Source: The Zebra

The cheapest car insurance companies in Albuquerque

1st place medal
1st place: USAA

USAA is the cheapest, with the average rate for a 6-month policy at $644, or about $107 per month. However, not everyone is eligible for USAA insurance coverage — it is only available to military members and their families. 

2nd place medal
2nd place: MetLife

In second place is MetLife, which costs an average of $110 per month, or $661 per six-month policy.

3rd place medal
3rd place: GEICO

Third on our list of the most affordable auto insurers in Albuquerque is GEICO. On average, a GEICO policy in Albuquerque costs $723 per six-month policy, which breaks down to $121 per month.

The Zebra's key takeaways about car insurance in Albuquerque:

  • The average cost of a car insurance policy in Albuquerque is $945 per six-month policy — $158 per month
  • The cheapest company in Albuquerque is USAA (an average of $107 per month), but not everyone qualifies for USAA coverage
  • Albuquerque is the second most expensive city in New Mexico for auto insurance rates
  • 37% of Zebra customers in Albuquerque said they are currently paying too much for car insurance

Are you paying too much for auto insurance?

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Albuquerque car insurance rates by company

According to our data for 2024, the cheapest company for full coverage car insurance in Albuquerque is USAA at $107 per month, or $644 per six-month policy, while the second cheapest is MetLife at $110 per month, or $661 for a six-month policy. USAA generally has low rates, but is also limited to military members and their families, so not everyone will be eligible to buy a policy. 

Learn more about top-rated car insurance companies based on The Zebra's Customer Satisfaction Survey.


Cheapest car insurance companies in Albuquerque, NM
Cheapest Car Insurance Companies in Albuquerque, NM

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Company Avg. 6 Mo. Premium
USAA $644
MetLife $661
GEICO $723
Nationwide $764
State Farm $773
Progressive $1,245
Allstate $1,528

Source: The Zebra

The Zebra’s Dynamic Insurance Rating Tool data methodology

The Zebra’s Dynamic Insurance Rating Tool for home and auto insurance rates utilizes the latest ZIP code-level rate filings from across the U.S., sourced from Quadrant Information Services and S&P Global. These filings, typically updated annually or biennially by insurers, are verified through Quadrant’s QA process and then integrated into The Zebra’s estimator.

The displayed rates are based on a dynamic home and auto profile designed to reflect the content of the page. This profile is tailored to match specific factors such as age, location, and coverage level, which are adjusted based on the page content to show how these variables can impact premiums.

For a comprehensive understanding, see our detailed methodology.

Shop around to find the best rates

Your time is valuable, but so is your money. Let our comparison tool help you out with both — shop around to find the coverage level you need at the price that meets your budget. Enter your ZIP code to see rates from Progressive, Allstate, GEICO and MetLife (+ other top companies) to find the best and cheapest car insurance in Albuquerque.

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Average car insurance in Albuquerque by rating factor

Your car insurance rates are affected by a variety of different rating factors, and different companies might consider the weight of one factor more than another. For instance, some insurers may place a higher priority on credit scores while others look more closely at previous claims history — which means the car insurance company that was right for you in your 20s may not be the best for you in your 40s. 

It's important to get quotes every once in a while to make sure you're getting the best rate. When personal circumstances change through marriage, landmark birthdays or credit improvement it's a great idea to reach out and reevaluate your insurance needs, along with the price you've been paying for coverage. 

Q: I didn't have an accident — Why is my insurance going up?

A: End-of-year earnings (revenue of premiums versus the cost of paying insureds’ claims) are a major factor for auto insurance rates in Albuquerque. Even if you are a great driver with zero claims, you might still pay more with one insurance company over another, just because of the costs they incur by doing business in Albuquerque. 

Auto insurance premiums by age in Albuquerque

Age is an important rating factor when it comes to car insurance premiums. Insurance companies are in the business of assessing risk. When they analyze data, their job is to see which drivers (or groups of drivers) will be more likely to file a claim. Unfortunately, teen drivers have an accident rate that is significantly higher than any other group, meaning they face the steepest price hike in premiums. For teens in Albuquerque, it can cost up to $3,450 more per year than someone who is 20-24 years old. This is almost a $300 per month difference.

The cost of insurance for teens can be shocking for both them and their parents, but remember, an insurer's business is risk management. Higher rates for teen drivers help offset the costs of paying claims. Since teenage drivers are more likely to have an accident than drivers of other ages, companies have to take this into consideration when it comes to rates. 

Cheapest car insurance companies for teen drivers in Albuquerque, NM
Cheapest Car Insurance Companies for Teen Drivers in Albuquerque, NM

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Company Avg. 6 Mo. Premium
USAA $1,917
GEICO $1,982
MetLife $2,377
Nationwide $2,422
State Farm $2,569
Allstate $4,230
Progressive $4,684

Source: The Zebra

Age Bracket Cheapest Companies Avg. 6 Mo. Premium
20s GEICO $918
30s MetLife $713
40s MetLife $666
50s MetLife $609
60s MetLife $582
70s MetLife $754

Zebra Tip: The cheapest companies for Albuquerque drivers between 20-40 are USAA, Metlife and GEICO.

Most Albuquerque drivers are between the ages of 20 and 40, according to our research and data. On average, this group pays $1,066 every six months, but by going with these specific insurance companies, drivers in this age bracket can potentially save 28%. Keep in mind that USAA insurance isn't available to everyone, so MetLife and GEICO can be great alternatives if you don't qualify for USAA coverage. 

Auto insurance premiums for minimum coverage in Albuquerque

One factor that is within your ability to adjust is coverage level, which has a direct impact on the premium you'll pay. Our research shows that 28% of Albuquerque drivers have the state minimum coverage, which can save you money on premiums but also leaves you at risk of being underinsured in the event of an accident. States only require a certain amount of coverage, but the bare minimum isn't always the best option in the long run.

Adding collision coverage or comprehensive coverage (commonly known as "full coverage" when purchased together) can increase your rates dramatically, yet can provide much more peace of mind behind the wheel. These coverages typically require a deductible, which can also impact your rates. Basically, the higher your deductible, the cheaper your rates will be. For example, coverage with a $2,500 deductible will typically cost less per month (or per policy period) than coverage with a $1,000 deductible.

You may also want to opt for extras like roadside assistance or uninsured motorist coverage that can protect you against drivers who do not carry auto insurance themselves. Yes, these additions can increase your overall car insurance rates, but The Zebra's insurance experts recommend carrying them for both peace of mind and practicality in the event of an accident. 

Q: Can I lower my car insurance coverage?

A: Possibly — if your vehicle is paid off.

According to our data, 54% of drivers in Albuquerque have owned vehicles. If you're leasing or financing your car you will probably be required to keep a certain amount and type of coverage on the vehicle. But if not, you can think about whether dropping comprehensive or collision coverage is right for you. We recommend getting the actual cash value of your vehicle via Kelley Blue Book or another reputable source. Typically, if your vehicle is worth less than $4,000, you probably don't need collision coverage and could save a little on your rates. Be prepared, though, that in the event of a collision, you'd need to pay for repairs out-of-pocket.

Cheapest car insurance companies for minimum coverage in Albuquerque, NM
Average Rates for Minimum Coverage in Albuquerque, NM

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Company Avg. 6 Mo. Premium
USAA $182
MetLife $223
State Farm $251
Nationwide $257
GEICO $258
Allstate $361
Progressive $416

Source: The Zebra

  • Minimum: State liability coverage only
  • Basic: State liability + collision and comprehensive (full) coverage
  • Better: Better liability limits at 50/100/50. Full coverage included with towing and rental car benefits. May include additional personal medical benefits and uninsured/underinsured motorist coverage.
  • Best: Best liability limits at 100/300/50. Full coverage included with better towing and rental car benefits and better personal medical benefits and increased uninsured/underinsured coverage.

40% of our customers in Albuquerque opt for the basic level of coverage, but that doesn't mean it is right for everyone. It's always nice to save money, but carrying only the state minimum can put you at risk if you're involved in an accident where damages exceed your limits. New Mexico's 25/50/10 liability limits provide coverage for damage you cause up to $25,000 per person in bodily injury, $50,000 per accident in bodily injury and $10,000 for property damage. This will probably be enough for basic car accidents, but when multiple vehicles are involved or there are injuries, it might not cut it. No one plans on being in an accident, but having auto insurance that would cover you in that circumstance is important for many people to feel confident on the road.

Learn more about insurance laws in New Mexico.

Albuquerque car insurance rates by credit score

Another key factor in calculating insurance rates is the driver's credit score. This is the case in most states, including New Mexico, and there are a few reasons for this. When data and trends over time are analyzed, they show that drivers with lower credit scores are more likely to file claims, have lapses in coverage and engage in risky driving behavior.

Since these risks are associated with bad credit, it tends to be that the worse your credit, the more you'll pay for car insurance coverage. 

The difference in price can be substantial regardless of the city, but in Albuquerque drivers with poor credit (300-579) pay 79% more than drivers with excellent credit (800-850). Our data tells us 35% of drivers in Albuquerque have an "Average" credit score, which is credit falling between 580 and 679. In 2024, GEICO is the cheapest option for Albuquerque drivers for this credit range.

car insurance in albuquerque by credit score
Cheapest car insurance companies for bad credit in Albuquerque, NM
Cheapest Car Insurance Companies for Bad Credit in Albuquerque

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Company Avg. 6 Mo. Premium
GEICO $974
Nationwide $1,102
USAA $1,219
State Farm $1,533
Progressive $1,825
Allstate $1,924
MetLife $2,045

Source: The Zebra

Zebra Tip: If your credit score has changed, it's time to shop around for insurance!

To find affordable auto insurance, your credit doesn't have to be in the "Excellent" category. In Albuquerque, our data shows drivers with "Fair" credit pay $755 less for car insurance in a year than drivers with "Poor" credit.  If you've made positive changes that have improved your credit score recently (such as paying off a loan) then it's a good time to see if you can save on your insurance premiums.

Auto insurance rates with an at-fault accident

No accidents are fun, and claims can take a variety of shapes and sizes, but at-fault and collision-type accidents are the most common type of insurance claims. In 2024, an at-fault accident increased car insurance rates in Albuquerque by an average of $66 per month. According to our research, the cheapest insurance company in Albuquerque after an at-fault accident is State Farm.

To keep your auto insurance affordable, your best bet is to avoid accidents and drive safely. A driving record that is incident-free shows insurance companies that you are safe on the road, therefore lowering your risk of a claim. This helps you get better rates! Speeding citations, reckless driving charges, DUIs and at-fault accidents all result in rate increases — some more significantly than others. Depending on the type of accident or ticket, your premium will be impacted for three to five years. Typically, at-fault accidents and speeding tickets will be on your record for three to five years whereas DUIs or DWIs can follow you even longer.

Cheapest car insurance companies after an at-fault accident in Albuquerque, NM
Average Rates After an At-Fault Accident in Albuquerque

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Company Avg. 6 Mo. Premium
State Farm $935
USAA $938
MetLife $1,102
Nationwide $1,149
GEICO $1,175
Progressive $1,901
Allstate $1,940

Source: The Zebra

Albuquerque car insurance rates by violation

The table below shows an overview of violations and incidents that can affect your car insurance rates in Albuquerque. A speeding ticket may not seem like a big deal at first, but the extra cost every month can add up to hundreds per year.

Car insurance rate increases after violations and citations in Albuquerque, NM
Rates in Albuquerque After Violation

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Accident/Violation Avg. 6 Mo. Premium % Rate Increase $ Rate Increase
None $945 0% $0
One Med/PIP claim $952 1% $7
One comp claim $983 4% $37
Not-at-fault accident $991 5% $46
Two Med/PIP claims $1,005 6% $60
Two comp claims $1,037 10% $91
Failure to show documents $1,054 12% $109
Failure to wear a seat belt $1,061 12% $116
Driving without lights $1,063 12% $118
Child safety restraint $1,090 15% $144
Driving with expired registration $1,100 16% $155
In 65 MPH zone $1,114 18% $168
Texting while driving $1,124 19% $178
Cell phone violation $1,124 19% $178
Speeding 11 - 15 MPH over limit $1,132 20% $187
Speeding 16 - 20 MPH over limit $1,132 20% $187
Speeding 6 - 10 MPH over limit $1,132 20% $187
Speeding in school zone $1,137 20% $191
Driving too slowly $1,137 20% $191
Wrong way/wrong lane $1,137 20% $192
Improper passing $1,144 21% $198
Illegal turn $1,144 21% $198
Failure to stop at a red light $1,144 21% $198
Failure to yield $1,144 21% $198
Following too closely $1,144 21% $198
At-fault accident - less than $1000 $1,147 21% $202
Passing school bus $1,156 22% $211
Operating a vehicle without permission $1,161 23% $216
Speeding 21 - 25 MPH over limit $1,184 25% $239
Open container $1,250 32% $305
At-fault accident - $1000-$2000 $1,332 41% $387
At-fault accident - greater than $2000 $1,343 42% $397
Reckless driving $1,715 81% $770
Driving with a suspended license $1,717 82% $771
Refusal to submit to a chemical test $1,729 83% $784
DUI $1,800 90% $854
Racing $1,855 96% $909
Leaving scene of an accident/hit and run $1,868 98% $923

Source: The Zebra

Why is car insurance in Albuquerque so expensive?

Auto insurance in any city, including Albuquerque, can be expensive for a variety of reasons. The cost of living is one important factor that insurance companies take into consideration. In higher-priced cities, car insurance companies have to charge more to cover their costs. As noted earlier, Albuquerque is one of the more affordable major cities in the US, yet specific neighborhoods can cost much more to live in than others. 

As noted earlier, there are a lot of factors relating to insurance prices that are focused on the driver's personal history and level of risk. However, there are plenty of factors that are outside of our control.

Below are some of the reasons why car insurance may be more expensive in Albuquerque than in other parts of New Mexico, even with a clean driving history.


Why does a specific location matter? Crime, theft and uninsured motorists can vary greatly by ZIP code. Cities tend to have certain areas that are more prone to crime, which then makes them riskier for insurance companies. If you live in a high-crime area you will likely pay more for auto insurance than someone who lives in a safer part of town. Take a look at the Albuquerque ZIP codes listed to get an idea of where insurance may be cheaper or more expensive.

Expensive Albuquerque ZIP codes: 87121, 87102, 87105, 87105, 87101

Cheap Albuquerque ZIP codes: 87114, 87116, 87122, 87115, 87110


Although hurricane-free, landlocked New Mexico does experience some weather-related challenges from time to time. The state dealt with 672 wildfires in 2021, which burned over 120,000 acres.[1] Another aspect of weather that can happen in just about every region is flooding. Damage to your vehicle caused by flooding is covered under your comprehensive coverage, which may be enough of a reason on its own to carry comprehensive even if you own your vehicle in full.

If you have a new or nice vehicle that would cost a significant amount to repair or replace after a natural disaster or unexpected storm, then we recommend considering comprehensive coverage as part of your Albuquerque car insurance policy.


Albuquerque, like most cities, has a lot of people. This seems obvious enough, but consider that risk on the road also goes up along with the population. Growing cities mean more vehicles on the road, and the more vehicles there are on the road the more accidents will naturally happen. The increased costs of accidents that result in claims are passed along to other drivers through increased auto insurance premiums. This shared price increase happens regardless of individual driving habits. 

According to our data, about 32% of drivers in Albuquerque are uninsured. You may wonder if someone else's lack of insurance can really affect you — and the answer is yes. If you’re hit by an uninsured driver in Albuquerque, you could be left to foot the bill for damages.

Zebra Tip: Consider uninsured property damage coverage

Uninsured motorist coverage (also called UMPD) can be a worthwhile addition to your auto insurance coverage if you live in an area with a high rate of uninsured drivers. If you're involved in an accident with an underinsured or uninsured driver and suffer damage, then this coverage will be there to help. It will also affect your rates much less than a collision claim would, and usually has a lower deductible. 

Bundling insurance policies in Albuquerque

A great way to take advantage of savings on your insurance is to bundle multiple policies. By combining your homeowners or renters insurance with your auto policy, you could see a significant discount. Learn more about bundling home and car insurance.

If you currently have separate policies for your home and car, then take some time to shop around and see which insurance might have bundling options to help save you money and keep the coverage you need. 

bundling home and auto insurance in Albuquerque
Cheapest car insurance companies for bundling home and auto insurance in Albuquerque, NM
Cheapest Car Insurance Companies for Bundling Home and Auto Insurance in Albuquerque, NM

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Company Avg. 6 Mo. Premium
MetLife $580
USAA $615
GEICO $678
Nationwide $689
State Farm $703
Progressive $1,061
Allstate $1,237

Source: The Zebra

There are a number of steps that drivers can take to make their profiles more appealing and insurers competitive. The best advice we offer is by shopping around for auto insurance quotes with multiple companies in order to get the most affordable rate without compromising coverage or service- especially if any personal factors have changed (like moving, celebrating a birthday or improving your credit score). It might seem uncomfortable when switching from one company to another, but it's a fairly simple process that can save you significant money down the road. Some companies tend to just have higher rates than others, even with discounts you may qualify for, so it's ultimately up to you to compare and choose when it comes to your auto insurance company. 

Find the best rates for both auto and home insurance in minutes!

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Frequently asked questions

The average for a six-month auto insurance policy in Albuquerque is $945 for a six-month policy or $158 per month. This is more expensive than the New Mexico state average of $135 per month.

USAA is the carrier with the cheapest rates in Albuquerque, coming in at an average of $644 per six-month policy. However, keep in mind that not all drivers qualify for coverage with USAA — it is designed for drivers in the military and their families. The next cheapest in Albuquerque is Metlife, with an average of $661 per six-month policy.

Teenagers in Albuquerque pay an average of $2,944 for a six-month policy or $491 per month. Teen drivers pay much more when they have their own auto policy. We recommend that younger drivers be added to a parent's insurance policies to make the cost more affordable.

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About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
  • The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.