Renters Insurance in Albuquerque, NM

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Kristine Lee

Insurance Analyst

  • Licensed Insurance Agent — Property and Casualty
  • 4+ years of Experience in the Insurance Industry

Kristine is a licensed insurance agent who joined The Zebra in 2019 as an in-house content researcher and writer. Before joining The Zebra, she was a…

Renters insurance in Albuquerque, New Mexico

It's key to carry an active renters insurance policy if you're renting a house or an apartment. It covers your rental unit — and the personal property within it — in a variety of circumstances, including wind, theft, fire, or vandalism. Given the likelihood of one of these incidents, the affordable price of a renters policy, and the potentially high cost of replacing your belongings, a renters insurance policy is a solid investment.

The cost of renters insurance relies on a number of factors, including your building's age, the materials from which it’s made, its location, and the pricing guidelines of your renters insurance company. In areas prone to events such as fire, lightning, wind, or hail, renters insurance policies may be more expensive to account for the extra risk.

The average annual cost of renters insurance in Albuquerque is $209.

Getting affordable renters insurance in Albuquerque should start with a thorough review of the top renters insurance companies. Review our list of Albuquerque, New Mexico renters insurance rates to ensure you start your search with as much background info as possible. Remember: renters insurance costs may vary based on your coverage limits and other factors.

Jump to:

  1. Rates by company
  2. Rates by coverage level
  3. Bundling discounts

Popular renters insurance companies in Albuquerque

Renters insurance premiums in Albuquerque depend on the insurance company providing the quote. For instance, Safeco offers the cheapest renters insurance in Albuquerque, at just $131 per year. This compares favorably to the city's average cost of $209, providing a $78 price break on typical rates in the city.

Start your search for a renters insurance policy by reviewing the cheapest companies in Albuquerque.

CompanyAverage Annual Rate in Albuquerque
State Farm$134

Albuquerque renters insurance pricing by coverage tier

The cost of your renters insurance depends on the amount of coverage you carry. Two of the most common levels of renters insurance coverage are $25,000 and $50,000. In Albuquerque, the annual cost differential between these options is about $64. If you can afford the up-front expense, purchasing more coverage might not be a bad idea.

Coverage LevelAverage Annual Rate in Albuquerque
$25K Property$177
$50K Property$241

Tip: bundle your auto and renters insurance policies in Albuquerque

If you’re seeking ways to save on your insurance expenditures, consider carrying your renters and auto policies with the same insurance company. Bundling renters and auto insurance in Albuquerque can lead to substantial savings. In fact, bundling policies in Albuquerque leads to average auto insurance savings of $70. The car insurance company with the cheapest bundled rate is GEICO, followed by USAA and State Farm.

Annual Bundle SavingsBundle Savings %

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