car logo

Compare Car Insurance Quotes

arrow logo
car logo

Find Insurers

arrow logo

Compare Cheap Car Insurance Quotes in Albuquerque, New Mexico

State Farm is the cheapest insurance company in Albuquerque, at just $27 per month for liability-only coverage.

Compare Rates in Albuquerque

Currently insured?

Best cheap car insurance in Albuquerque

To help you find the best cheap car insurance in Albuquerque, ValuePenguin compared thousands of car insurance quotes from the top companies in New Mexico. We rated the cheapest companies based on factors like cost, coverage and customer service.

Cheapest auto insurance in Albuquerque: State Farm

State Farm is the cheapest insurance option for liability-only coverage in Albuquerque, at $38 per month. ABQ drivers can save $120 per year by getting a minimum coverage policy from State Farm, compared to the city average.

If you're eligible, USAA offers an even better deal: drivers can pay $26 per month for minimum coverage. However, USAA only sells policies to members of the military, veterans and some of their family members.

This graph shows the companies in Albuquerque with the best rates for insuring our sample drivers' cars

Find Cheap Auto Insurance Quotes in Albuquerque

Currently insured?

The cheapest auto insurance policy a driver can get is a minimum-liability policy, which provides the lowest amount of coverage a state requires drivers to hold in order to legally operate a vehicle.

Cheapest car insurance companies in Albuquerque

Monthly rate
State Farm logo
State Farm$38
Farm Bureau logo
Farm Bureau$46
Geico logo
Allstate logo
Progressive logo
Farmers logo
USAA logo

*USAA is only available to current and former military members and their families.

Although a liability-only policy is the cheapest coverage option, it's not the best option for most people. For example, drivers insured with a liability-only policy are not financially protected from damage caused by storms or theft. You'll also likely need full coverage if your car is financed with a lease or loan.

Albuquerque residents who own new vehicles or cars worth more than $5,000 should invest in higher coverage limits and additional protection options.

Cheapest Albuquerque full-coverage quote: State Farm

State Farm has the cheapest full-coverage insurance in Albuquerque at $98 per month. It's 41% less than the typical price in Albuquerque overall.

Another affordable option is USAA, at $89 per month. However, you're only eligible for a policy from USAA if you've served in the military or you have a family member who's had insurance from USAA at some point in their lives.

Monthly rate
State Farm$98
Farm Bureau$205

*USAA is only available to current and former military members and their families.

A full coverage auto insurance policy means that you pay for collision and comprehensive coverages in addition to the state-mandated minimum liability coverages.

  • Comprehensive coverage: covers off-road damages such as vandalism, theft or weather-related incidents.

  • Collision coverage: covers repairs needed after a collision, regardless of who is at fault in the accident.

Cheap car insurance for drivers with prior incidents

State Farm offers the best prices to drivers with incidents like a speeding ticket or accident on their records.

Cheapest car insurance after a speeding ticket: State Farm

State Farm has the most affordable prices for drivers with speeding tickets in Albuquerque, at $106 per month. It only raised rates by about 8%, while other companies raised rates by 23%, on average.

Monthly rate
State Farm$106
Farm Bureau$226
Show All Rows

Insurance companies have found that people with recent speeding tickets on their records tend to file additional claims later on, so your insurance bill will likely increase if you've gotten a ticket this year.

Cheapest insurance in Albuquerque for drivers with accident histories: State Farm

State Farm is the cheapest option for Albuquerque drivers seeking cheap full coverage after an accident. At an average of $106 per month, it's 57% cheaper than the city average.

Monthly rate
State Farm$106
Farm Bureau$268
Show All Rows

Average annual rates in Albuquerque go up by 47% after an at-fault accident, to $245 per month. State Farm offers much cheaper policies, however. Annual premiums in Albuquerque average $1,822 per year.

Depending on your insurance company, you may see a significant jump in premium costs after an accident. That's because drivers who have been at fault in one crash are more likely to make another claim in the future.

Cheapest car insurance after a DUI: State Farm

State Farm has the best rates for Albuquerque drivers who have been caught driving under the influence. State Farm charges just $106 per month after a DUI, making them 64% cheaper than the city average of $3,747.

Rates went up by 75% after a DUI, as opposed to 47% after an at-fault accident and 23% after a speeding ticket. And some insurance companies may simply decline to offer you coverage at all after a DUI.

Monthly rate
State Farm$106
Farm Bureau$337
Show All Rows

Cheapest car insurance for drivers with poor credit: State Farm

State Farm has the best rates for drivers with bad credit in Albuquerque. Its average rate of $197 per month is 21% less than the average citywide.

Your credit score influences your auto insurance rates: a driver with a worse credit score will pay more for insurance. In Albuquerque, drivers with poor credit pay an average of $249 per month — 50% more than what drivers with good credit pay.

Monthly rate
State Farm$197
Farm Bureau$287
Show All Rows

While your credit score isn't connected to your driving ability, insurance companies have found that someone with a lower credit score is more likely to make an insurance claim. As such, having worse credit means you'll pay more for car insurance.

Best car insurance for young Albuquerque drivers: State Farm

State Farm had the cheapest rates for teen drivers, charging $131 per month for basic coverage. That's 35% less than the city average of $200 a month.

State Farm also had the cheapest widely available option for full coverage, at $281 per month.

Liability only
Full coverage
State Farm$131$281
Farm Bureau$154$343
Show All Rows

Teen drivers in Albuquerque pay 202% more per year on average for auto insurance than their adult counterparts. Staying on a parent's policy is the best way for teens to avoid these steep prices.

Best insurance company for customer service in Albuquerque, New Mexico

Farm Bureau, USAA and State Farm are the best car insurance companies in Albuquerque.

These companies were ranked highly by ValuePenguin editors, due to their strong service during claims. They also received relatively few complaints from customers, suggesting people tend to be satisfied with their service.

Editor's rating
Farm Bureau
State Farm

Average cost of insurance by Albuquerque area

Sandia Heights residents pay the least for car insurance in Albuquerque — the average price there is $159 per month for full coverage.

Meanwhile, Los Volcanes is the most expensive neighborhood for car insurance. There, the average price is $180 per month — 13% more than in Sandia Heights.

Where you live impacts what you'll pay for car insurance. An area with poorly maintained roads or high crime will likely have higher insurance car insurance rates than one without.

ZIP code
Average monthly cost
Percentage from average
Show All Rows
Compare Rates


To find the best cheap car insurance in Albuquerque, ValuePenguin collected quotes from seven top insurance companies in New Mexico. Rates are for a 30-year-old single man with good credit and no accident history who drives a 2015 Honda Civic EX.

Full-coverage policies include comprehensive and collision coverage, plus higher liability limits than the state requirement.

Full coverage limit
Bodily injury liability$50,000 per person/$100,000 per accident
Property damage liability$25,000 per accident
Personal injury protection$10,000
Uninsured/underinsured motorist bodily injury$50,000 per person/$100,000 per accident
Comprehensive and collision$500 deductible

ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes may be different.

Editorial Note: The content of this article is based on the author's opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.