Cheapest Car Insurance in Albuquerque, NM

The most affordable car insurance companies in Albuquerque are Progressive, GEICO and USAA. Insurance rates change based on your driving history and the type of coverage you want. Below is a table that shows which company is the most affordable depending on different factors.

Finding the cheapest car insurance in Albuquerque requires comparing rates from various providers. Your age, driving history, vehicle type and coverage influence your premium. Remember that the cheapest car insurance in New Mexico might not be the lowest in Albuquerque, so comparing car insurance quotes is key to affordable coverage.

Progressive offers the cheapest minimum coverage car insurance at $34 per month, while Iowa Farm Bureau follows at $44. Check the table below to see which providers have the best rates for minimum coverage in Albuquerque.

GEICO offers the cheapest full coverage car insurance in Albuquerque at $995 annually. Check the table below for more providers with the best rates.

In Albuquerque, your age can affect how much you pay for car insurance. Young drivers often pay more because they're new on the road. Car insurance costs usually decrease as drivers age, but they can increase after 70. Check the most affordable options for teens, young adults and seniors below.

In Albuquerque, the cheapest car insurance for teens is from Allstate, Nationwide and State Farm. Check the table below to see the lowest rates for this age group.

For car insurance for young adults, Progressive offers the best deal in Albuquerque at $470 annually for minimum coverage, 39% cheaper than the city average. Other affordable options include State Farm, Iowa Farm Bureau and GEICO.

Progressive offers the cheapest car insurance for seniors in Albuquerque at an annual rate of $418. Explore car insurance for seniors to learn more, or check the table below to find the best rates for senior drivers from other providers.

A low credit-based insurance score can result in higher premiums compared to those with good scores. For cheap car insurance for drivers with bad credit, Progressive offers minimum coverage rates at $533 annually, while GEICO's is at $790. Review the table below for more options from other providers.

Insurance providers assess risk by looking at your driving record to calculate car insurance premiums. Violations like speeding tickets, accidents or DUIs can raise your rates. Even the cheapest car insurance for drivers with violations is more expensive than those with clean records. We've broken down affordable providers so you can find cheap car insurance after an accident and for other driving offenses.

Drivers in Albuquerque with a DUI record can still find affordable car insurance. Progressive offers the cheapest minimum coverage at $451 annually. Check the table below to explore options from other providers and find the best rates for drivers with a DUI.

Progressive offers the most affordable minimum coverage car insurance for drivers in Albuquerque with an at-fault accident record at just $609 annually. Explore the table below to find the best car insurance company with the most affordable rates.

Progressive offers the most affordable minimum coverage car insurance for drivers with a speeding ticket in Albuquerque at $497 annually. State Farm follows with a rate of $623 per year. Check the table below to explore affordable options for drivers with a speeding record from other providers.

Military drivers, including active-duty members, veterans and their families, can find special discounts and competitive rates on car insurance. In Albuquerque, the cheapest car insurance providers for military drivers include USAA, which charges $267 annually for minimum coverage, and Progressive, which charges $406.

In Albuquerque, full coverage car insurance averages $1,415 per year. State minimum coverage costs less, at around $650 annually. Remember, these are averages for a 40-year-old with good credit and a clean driving record — your rate may differ if you don't fit the profile.

See how your car insurance compares with our summary of average rates for different drivers. Find out if you're getting an affordable deal on your state minimum coverage.

In Albuquerque, expect to pay 11% more for state minimum car insurance and 20% more for full coverage than the rest of New Mexico. That's about $54 monthly for minimum and $118 for full coverage.

New Mexico law mandates that drivers carry car insurance that meets minimum coverage limits. These limits are designed to cover expenses related to bodily injuries and property damage in the event of a car accident.

The minimum coverage amounts in New Mexico are:

• $25,000 for bodily injury liability per person.
• $50,000 for bodily injury liability per accident.
• $10,000 for property damage liability per accident.

An auto insurance policy provides financial protection against the costs stemming from an accident. Specifically, liability coverage is responsible for paying for damages or injuries that the policyholder causes to other parties in an at-fault accident.

For example, if you are at fault in an accident and the other driver incurs $20,000 in medical expenses, your bodily injury liability coverage would cover this cost, up to the $25,000 limit per person. It's essential to have at least the minimum coverage to protect yourself financially.

Finding the cheapest car insurance in Albuquerque depends on factors like age, driving record, and the car you drive. Progressive and USAA offer affordable plans, but to make sure you're paying less, always compare quotes from different companies.

MoneyGeek answers common questions about affordable car insurance in Albuquerque. We help you find the best coverage to meet your needs, ensuring you make informed choices.

To help Albuquerque drivers find the most affordable auto insurance companies, MoneyGeek analyzed Albuquerque auto insurance rates based on data and information from the New Mexico Department of Insurance and Quadrant Information Services.

Albuquerque Driver Profile

MoneyGeek created a sample driver profile to calculate car insurance quote averages in Albuquerque with the following characteristics:

• 40-year-old male
• 2012 Toyota Camry LE
• Clean driving record
• 12,000 miles driven annually

Certain factors — such as age, driving record, credit score and military affiliation — were adjusted to find the most suitable insurance companies for specific driver profiles.

Coverage Levels in Albuquerque

MoneyGeek compared the most affordable insurance providers for both minimum and full coverage auto insurance policies.

The minimum coverage requirements in New Mexico are:

• $30,000 bodily injury liability per person
• $60,000 bodily injury liability per accident
• $25,000 property damage liability per accident

For a full coverage policy, we used the following coverage limits:

• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• $100,000 property damage liability per accident
• Comprehensive and collision insurance, each with a $1,000 deductible