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What's the average car insurance rate in Rio Rancho?


The average cost of car insurance in Rio Rancho, New Mexico, is $1,432 each year. That's more expensive than the statewide average in New Mexico ($1,334) and less expensive than the national average of $1,548. Keep reading to discover more about how much you can expect to pay based on your marital status, age, credit score, and other factors in Rio Rancho.


RIO RANCHO AUTO INSURANCE RATES
Rio Rancho Average (annual) New Mexico Average National Average
$1,432 $1,334 $1,548


Table of contents:


Rio Rancho car insurance rates by insurer


The company-by-company differences in car insurance rates can be quite large, so it's important to compare quotes thoroughly and choose your insurer carefully. In Rio Rancho, GEICO offers the cheapest premiums for the typical insurance buyer. Reference below the top options for affordable insurance in Rio Rancho. Don't forget to get car insurance quotes based on your unique driving profile.


RIO RANCHO AUTO INSURANCE RATES BY COMPANY
Company Average Rate (annual)
GEICO $896
USAA $1,001
State Farm $1,186
Progressive $1,686
Farmers $1,982


Read our guide to finding the best cheap auto insurance.



Rio Rancho car insurance premiums by age

Rio Rancho drivers in their 50s enjoy relatively affordable auto insurance rates, paying just $1,292 per year, on average. Those in their 60s don't pay significantly more ($1,334).

Young drivers aged 16 to 19 pay the most for car insurance in Rio Rancho. When drivers hit their 20s in Rio Rancho and move out of the teenage age bracket, they reduce their premiums substantially. The cost differential between the car insurance premiums paid by teenage drivers and drivers in their 20s in Rio Rancho is $3,544, the largest such difference between any two age brackets.


RIO RANCHO CAR INSURANCE PREMIUMS BY DRIVER AGE
Age bracket Average Annual Rate
Teenagers $5,380
20s $1,836
30s $1,417
40s $1,385
50s $1,292
60s $1,334
70s $1,635


Dive into the data on car insurance and age.



Rio Rancho auto insurance rates by marital status and gender


Marital status and gender can play roles in how car insurance companies set rates, in some cases. Married drivers in Rio Rancho pay $121 less than single drivers for car insurance. Married drivers pay less for car insurance than do single drivers in many locations.

Gender is another factor that can influence auto insurance rates. In Rio Rancho, female drivers pay $6 per year more than do male drivers.


INSURANCE RATES IN RIO RANCHO BY MARITAL STATUS AND GENDER
Gender/Marital Status Average Annual Rate
Female $1,438
Male $1,432
Single $1,432
Married $1,311
Divorced $1,432
Widowed $1,406


Discover more about how gender and marital status have on auto insurance rates.



Rio Rancho car insurance costs by citation and accident history


If you want to keep your car insurance rates down, keep your driving record clean. Speeding citations, reckless driving charges, DUIs and DWIs, and at-fault accidents can lead to increases in your auto insurance rates.

Two of the most expensive driving violations from an insurance perspective are reckless driving and DUI. In Rio Rancho, a reckless driving citation results in an average insurance rate increase of $710 per year, compared to the citywide average. For the sake of comparison, a DUI offense results in an $810 increase, and a speeding ticket leads to a $319 rate hike.


RIO RANCHO CAR INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
Citation Average Yearly Rate
DWI/DUI $2,242
Reckless Driving $2,142
At-fault Accident (damages less than $1,000) $1,876
At-fault Accident (damages greater than $2,000) $2,166
Speeding Ticket (16-20 mph over speed limit) $1,751


Get more info on how a bad driving history can impact your car insurance costs.



Rio Rancho car insurance rates by credit level


It's no secret that credit score is closely correlated with car insurance rates. Rio Rancho drivers who improve their credit score from "Very Poor" (300-579) to "Exceptional" (800-850) can save as much as 51% on their auto insurance premiums. Moving from "Very Poor" to "Fair" credit is a great way to bring down the cost of your auto insurance. In Rio Rancho, improving your credit to "Fair" could help you earn $529 in savings on insurance premiums each year.


RIO RANCHO AUTO INSURANCE PREMIUMS BY CREDIT SCORE
Credit Score Average Yearly Rate
Very Poor $2,589
Fair $2,060
Good $1,731
Very Good $1,485
Exceptional $1,272


Learn more about the relationship between credit and car insurance.



Ross Martin photo
Ross MartinManager, Content Quality

As a licensed insurance agent, Ross researches and writes insurance content intended to help users make informed decisions.

Ross's background is in writing and education. He holds a master's degree from Royal Holloway, University of London.

Ross's work has been cited by The New York Times, Investopedia, The Simple DollarThe BalanceCar and Driver and Fox Business. He has been quoted by CNET, I Drive Safely and Kin Insurance

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 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.