Compare Cheap Car Insurance Quotes in Albuquerque, New Mexico
State Farm has the cheapest car insurance in Albuquerque, at $159 per month for full coverage and $56 per month for minimum liability coverage.
Find Cheap Auto Insurance Quotes in Albuquerque
Best cheap auto insurance in Albuquerque, NM
How we chose the top companies
Best and cheapest car insurance in Albuquerque
- Cheapest full coverage: State Farm, $159/mo
- Cheapest minimum liability: State Farm, $56/mo
- Cheapest for young drivers: Geico, $178/mo
- Cheapest after a ticket: State Farm, $170/mo
- Cheapest after an accident: State Farm, $183/mo
- Cheapest for teens after a ticket: State Farm, $211/mo
- Cheapest after a DUI: Progressive, $231/mo
- Cheapest for poor credit: Progressive, $299/mo
Monthly rates based on full coverage car insurance for a 30-year-old man. Some rates use different ages or coverage limits.
State Farm offers the best combination of cheap quotes and dependable customer service in Albuquerque.
While Geico and Progressive have the cheapest rates for some drivers, neither company has excellent customer service. That means State Farm is more likely to get your life back to normal quickly after a crash.
Cheapest car insurance in Albuquerque, NM: State Farm
State Farm has the cheapest full coverage insurance in Albuquerque for most people.
At $159 per month, full coverage insurance from State Farm is $45 per month cheaper than the citywide average.
USAA has the cheapest full coverage rates overall, at $89 per month. However, you can only buy 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 life.
Find Cheap Auto Insurance Quotes in Albuquerque
The average cost of auto insurance in Albuquerque, NM, is $204 per month. That's $34 per month more than the New Mexico average.
Best cheap full coverage Albuquerque insurance
Company | Monthly rate | |
|---|---|---|
| State Farm | $159 |
| Progressive | $189 |
| Geico | $200 |
| Farm Bureau | $239 |
| Allstate | $246 |
*USAA is only available to current and former military members and their families.
Cheapest liability-only Albuquerque car insurance: State Farm
State Farm is the cheapest insurance option for liability-only coverage in Albuquerque, at $56 per month.
That's $19 per month less than the citywide average. Albuquerque drivers should also compare quotes from Farm Bureau, which costs an average of only $1 per month more than State Farm. That means it could be the cheapest option for some people.
Cheapest minimum liability auto insurance in Albuquerque
Company | Monthly rate |
|---|---|
| State Farm | $56 |
| Farm Bureau | $57 |
| Progressive | $64 |
| Geico | $97 |
| Farmers | $103 |
*USAA is only available to current and former military members and their families.
Find Cheap Auto Insurance Quotes in Albuquerque
USAA offers an even better deal, if you're eligible, at just $26 per month for minimum coverage. However, USAA only sells policies to members of the military, veterans and some of their family members.
Cheapest Albuquerque auto insurance for teens: Geico
Geico has the cheapest rates for most teen drivers in Albuquerque.
A minimum liability policy from Geico costs $178 per month for an 18-year-old. That's $66 per month less than the Albuquerque average.
Geico also has the cheapest full coverage rates for young drivers. At $345 per month, full coverage from Geico costs $258 per month less than the citywide average.
Cheapest insurance in Albuquerque for young drivers
Company | Liability only | Full coverage |
|---|---|---|
| Geico | $178 | $345 |
| Farm Bureau | $183 | $403 |
| State Farm | $191 | $460 |
| Progressive | $224 | $756 |
| Allstate | $385 | $812 |
*USAA is only available to current and former military members and their families.
USAA has even cheaper rates for teen drivers in Albuquerque. But to get a policy from USAA, you must have served in the military or have a parent who served and had a USAA policy at some point.
Teen drivers in Albuquerque pay three times as much for auto insurance as older drivers. That's because their lack of experience behind the wheel makes them more likely to cause an accident in the future.
Staying on a parent's policy is the best way for teens to avoid these steep prices.
Cheapest Albuquerque auto insurance after a speeding ticket: State Farm
State Farm has the most affordable car insurance in Albuquerque after a speeding ticket. Full coverage insurance from State Farm costs around $170 per month after one speeding ticket. That's $86 per month cheaper than the Albuquerque average, and $92 per month less than the second-cheapest company, Geico.
Cheap car insurance in Albuquerque after a speeding ticket
Company | Monthly rate |
|---|---|
| State Farm | $170 |
| Geico | $262 |
| Farm Bureau | $267 |
| Allstate | $276 |
| Progressive | $283 |
*USAA is only available to current and former military members and their families.
On average, car insurance quotes in Albuquerque go up by 25% after your first speeding ticket. That's an increase of $52 per month for a full coverage policy.
Cheap insurance in Albuquerque, NM, after an accident: State Farm
State Farm is the cheapest car insurance option in Albuquerque after an accident. At an average of $183 per month, full coverage from State Farm is $109 per month less than the city average. It's also $98 per month less than the second-cheapest company, Geico.
Cheapest Albuquerque car insurance after an accident
Company | Monthly rate |
|---|---|
| State Farm | $183 |
| Geico | $281 |
| Progressive | $284 |
| Farm Bureau | $323 |
| Allstate | $416 |
*USAA is only available to current and former military members and their families.
In Albuquerque, car insurance quotes go up by around 43% after an at-fault accident.
Don't rush to switch car insurance companies right after your accident. Your rates won't increase until your current policy renews.
Instead, wait until your insurance company sends your renewal offer. This usually comes a few weeks to a month before your policy expires. Then, you should shop around for quotes from multiple companies to find the best policy for you.
Cheap insurance in Albuquerque for teens with a bad record: State Farm
State Farm has the cheapest rates for most Albuquerque teens after a speeding ticket or accident.
After a speeding ticket, liability-only insurance from State Farm costs $211 per month for an 18-year-old. That's about $80 per month less than the Albuquerque average.
After an accident, State Farm charges around $232 per month, which is $110 per month less than average.
Young drivers with a bad record should also compare quotes from Geico. It's typically a few dollars per month more than State Farm. However, it could have the cheapest rates for some Albuquerque teens.
Cheapest insurance companies in Albuquerque for teens with a bad record
Company | Ticket | Accident |
|---|---|---|
| State Farm | $211 | $232 |
| Geico | $214 | $237 |
| Farm Bureau | $223 | $302 |
| Progressive | $259 | $233 |
| Allstate | $442 | $688 |
*USAA is only available to current and former military members and their families.
On average, car insurance rates for Albuquerque teens go up by 19% after one speeding ticket and 40% after an accident.
Cheapest insurance quotes in Albuquerque, NM, after a DUI: Progressive
Progressive has the best rates for Albuquerque drivers caught driving under the influence. Progressive charges just $231 per month for full coverage after a DUI, making it $87 per month cheaper than the city average.
Cheapest auto insurance in Albuquerque, New Mexico, after a DUI
Company | Monthly rate |
|---|---|
| Progressive | $231 |
| Geico | $300 |
| State Farm | $344 |
| Allstate | $345 |
| Farmers | $410 |
*USAA is only available to current and former military members and their families.
Car insurance rates go up by an average of 56% after a DUI in Albuquerque.
In addition, you may need to get SR-22 insurance after a DUI in New Mexico. Most companies charge between $15 and $50 to file an SR-22 form for you, on top of any increase to your insurance rates.
Cheapest Albuquerque insurance for drivers with poor credit: Progressive
Progressive has the most affordable car insurance in Albuquerque for drivers with a poor credit score. At $299 per month, full coverage from Progressive costs $74 per month less than the citywide average.
Cheap insurance in Albuquerque for drivers with poor credit
Company | Monthly rate |
|---|---|
| Progressive | $299 |
| Geico | $328 |
| Farm Bureau | $349 |
| Allstate | $354 |
| Farmers | $507 |
*USAA is only available to current and former military members and their families.
Albuquerque drivers with poor credit pay 83% more for car insurance than drivers with good credit. That's a difference of $169 per month for a full coverage policy. This is because insurance companies believe people with bad credit are more likely to file an insurance claim in the future.
Average car insurance quotes in Albuquerque, NM, by neighborhood
The 87115 ZIP code, which is south of the Kirtland Air Force Base, has the cheapest car insurance rates in the Albuquerque area.
People living in this ZIP code pay an average of $195 per month for full coverage car insurance.
The 87121 ZIP code, located west of Albuquerque, has the most expensive quotes in the area, at $216 per month. Areas with poorly maintained roads, lots of accidents or high crime rates typically have higher car insurance rates.
Full coverage quotes by Albuquerque ZIP code
ZIP | Monthly rate | % from average |
|---|---|---|
| 87101 | $201 | -1% |
| 87102 | $211 | 4% |
| 87104 | $209 | 3% |
| 87105 | $212 | 4% |
| 87106 | $205 | 1% |
What's the best car insurance coverage in Albuquerque, NM?
Full coverage insurance is the best option for most people in Albuquerque.
A full coverage auto insurance policy includes collision and comprehensive coverages. It can also have higher liability limits than the state requires.
- Collision coverage pays to fix your car if you crash into another vehicle or stationary object, like a pole.
- Comprehensive coverage pays for other types of damage, such as vandalism, theft or weather-related incidents.
Most lenders require you to have collision and comprehensive coverage if you have a car loan or lease. Albuquerque residents who own new vehicles or cars worth more than $5,000 should also consider adding these coverages.
Although a liability-only policy is the cheapest coverage option, it's not the best choice for most people. Liability-only policies don't come with any protection for your own car. And the state-required limits may not be high enough to fully cover the cost of a major accident.
For example, New Mexico only requires drivers to have $10,000 of property damage liability coverage. But if you hit and total a new or expensive car, that probably won't be enough to cover the cost to replace it. You'll need to pay the difference, which could get very expensive.
Frequently asked questions
How much is car insurance in Albuquerque?
Full coverage car insurance in Albuquerque costs an average of $204 per month, while minimum liability insurance costs $75 per month.
How much is Geico in Albuquerque, New Mexico?
Full coverage car insurance from Geico costs around $200 per month in Albuquerque. That's $4 per month less than the citywide average. However, it's $41 per month more than the cheapest company, State Farm.
Methodology
To find the best cheap car insurance in Albuquerque, ValuePenguin editors 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 owns a 2015 Honda Civic EX.
Full coverage policies include comprehensive and collision coverage, plus higher liability limits than the state requirement.
- Bodily injury liability: $50,000 per person and $100,000 per accident
- Property damage liability: $25,000 per accident
- Uninsured and underinsured motorist bodily injury: $50,000 per person and $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 insurance company 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.