Monthly Average Rates by Country, State, and City
car insurance rates vary from driver to driver and are based on many factors that include driving history, claims history and where you live. Each city in New Mexico has different rates, and below, you can compare median rates with the national average. According to our data, drivers who live in Albuquerque typically pay about $ 122.04 per month compared to the national average of $ 134.62 per calendar month. The best way to get a humble rate is by comparison shopping. SmartFinancial can do that for you at no cost while pairing you with a reputable indemnity party therefore you have no surprises if you have an accident.
| Area | Average Monthly Rate |
|---|---|
| National | $134.62 |
| New Mexico | $106.13 |
| Albuquerque, New Mexico | $122.04 |
Albuquerque, NM Best Car Insurance Companies
Certain insurers will offer you better rates than others based on a ten thousand of factors, so you may get a better deal from one insurance company over another for assorted reasons, and that ’ s why it ’ s important to compare. According to our data, USAA broadly has the most low-cost car indemnity in Albuquerque coming in around $ 90.55 per month. early companies to consider if you live in Albuquerque is State Farm with an average monetary value of $ 105.53 per calendar month and Metropolitan which typically runs around $ 122.29 per calendar month. Check out the full tilt below. SmartFinancial rates the watch insurers as the best policy companies for drivers in Albuquerque .
| Rank | Company | Average Monthly Rate | Comparison State Average |
|---|---|---|---|
| 1 | USAA | $90.55 | -14.69% |
| 2 | State Farm | $105.53 | -0.57% |
| 3 | Metropolitan | $122.29 | 15.22% |
| 4 | cardinal Mutual Insurance Co | $122.88 | 15.78% |
| 5 | Farm Bureau Mutual (IA Group) | $129.15 | 21.68% |
| 6 | Allied | $150.42 | 41.73% |
| 7 | Allstate | $177.62 | 67.36% |
| 8 | Nationwide | $178.32 | 68.02% |
| 9 | Kemper Auto Premium | $184.66 | 73.99% |
| 10 | Farmers | $194.49 | 83.25% |
How Much is Car Insurance in Albuquerque, NM?
Rates can vary from city to city. The residents of Alamogordo typically pay $ 84.95 per month while people who live in Albuquerque will pay $ 121.37 per month on average. See what people pay for car policy in other cities in New Mexico .
| New Mexico Cities | Monthly Average Rate |
|---|---|
| Alamogordo | $84.95 |
| Albuquerque | $121.37 |
| Artesia | $95.37 |
| carlsbad | $101.11 |
| Deming | $76.53 |
| Espanola | $126.92 |
| Farmington | $90.20 |
| gallup | $88.02 |
| Hobbs | $102.49 |
| Las Cruces | $93.34 |
| Los Alamos | $107.87 |
| Rio Rancho | $122.41 |
| Roswell | $96.73 |
| Santa Fe | $103.34 |
| Silver City | $84.57 |
Cheap Car Insurance in Albuquerque by Zip Codes
Every travel rapidly code rates differently with every insurance company. Your slide fastener code determines the crime pace in your area ampere well as other risks. Below, you can see how average rates range across the submit of New Mexico. If you live in an area that is rated high in crime, you can make certain to garage your car in a safe station. That ought to save you some money. Covered and gated structures are best. Make sure to tell your insurance agent about the precautions you ’ rhenium take .
| Albuquerque, NM ZIP Code | Average Monthly Rate |
|---|---|
| 87101 | $111.03 |
| 87102 | $107.88 |
| 87103 | $392.55 |
| 87104 | $107.72 |
| 87105 | $122.52 |
| 87106 | $117.56 |
| 87107 | $125.56 |
| 87108 | $120.24 |
| 87109 | $112.26 |
| 87110 | $115.96 |
| 87111 | $117.37 |
| 87112 | $114.45 |
| 87113 | $107.29 |
| 87114 | $135.91 |
| 87115 | $73.70 |
| 87116 | $199.34 |
| 87120 | $122.24 |
| 87121 | $135.03 |
| 87122 | $148.10 |
| 87123 | $111.70 |
| 87181 | $136.67 |
| 87190 | $135.50 |
| 87198 | $95.03 |
| 87199 | $635.96 |
Driver’s Coverage Auto Insurance Rates in Albuquerque, NM
typically, drivers who presently have car indemnity coverage will receive a cheaper monthly quote than drivers who do not. Since car indemnity is a prerequisite in all 50 states, companies may question why you do n’t presently have coverage. Because of this, they may see you as a higher hazard driver. In Albuquerque, the average monthly rate for a driver who is presently insured is $ 113.87 while drivers who are not presently covered will pay around $ 130.40 .
| Coverage | Average Monthly Rate |
|---|---|
| Not Currently Insured | $130.40 |
| Currently Insured | $113.87 |
Compare Recent Car Insurance Quotes in Albuquerque
Your vehicle plays a large separate in how you rate for car policy. The more your cable car is worth, the higher your car indemnity rate. To lower your monthly premiums, you can set a higher deductible, but you ’ ll need to pay that deductible if you have an accident. by and large speaking, the newer a car is, the more it ’ s deserving, and you may pay more in premiums, but the latest guard features will earn you a deduction. The overall base hit ratings of a car are besides considered when determining your pace. In Albuquerque a driver of a 2017 Chevrolet Volt can expect to pay around $ 116.20 per calendar month while person that owns a 2015 Kia Optima may pay around $ 165.20 per calendar month. Check out the list of holocene quotes in Albuquerque below .
| Vehicle | Average Monthly Rate |
|---|---|
| 2017 Chevrolet Volt | $116.20 |
| 2015 Kia Optima | $165.20 |
| 2004 Chrysler Pacifica | $76.86 |
| 2018 Chevrolet Malibu | $145.68 |
| 2007 GMC Acadia | $72.60 |
| 2021 NISSAN ROGUE | $152.50 |
| 2008 Kia Sorento | $80.20 |
| 2015 Buick Verano | $98.37 |
| 2016 TOYOTA SCION TC | $116.12 |
| 2011 Honda Accord | $88.42 |
FAQ’s for Drivers in Albuquerque, NM
What Is the Minimum Amount of Liability Coverage Requirement in Albuquerque? The New Mexico Motor Vehicle Department requires drivers to show they have fiscal responsibility ( indemnity ) in effect for their motive vehicles. The state of matter requires indebtedness indemnity coverage for all drivers. The minimum liability indemnity requirements for private passenger vehicles in New Mexico are :
- Bodily Injury Liability Coverage: $25,000 per person
- Bodily Injury Liability Coverage: $50,000 for two or more people
- Property Damage Liability Coverage: $10,000
- Uninsured Motorist Bodily Injury: $25,000 per person, $50,000 per accident*
- Uninsured Motorist Property Damage: $10,000*
*Drivers can decline uninsured motorist and medical payments by signing an optional form. New Mexico ‘s minimum indemnity requirements may not provide enough coverage if you ‘re in a bad car accident. Buy more indemnity, particularly if you have a batch of assets. SmartFinancial can help you find low-cost car policy to ensure you have enough protection when the worst happens. Enter your zip up code on this page to get started. What Is the Blood Alcohol Concentration (BAC) Limit in Albuquerque? Driving Under the Influence ( DUI ) means drivers had alcohol or other substances in their system while operating a fomite. In New Mexico, there is an entail consent law. It means that when motorists apply for a license, they agree to consent to field sobriety and chemical tests to determine disability. Drivers who refuse to take one can face contiguous revocation of their driver ‘s privileges. The state of matter says it is a condemnable umbrage for a person to drive with the following blood alcohol concentration ( BAC ) :
- .02 Percent BAC for DUI (Under 21 years)
- .08 Percent BAC for DUI (21 years and older)
- .04 Percent BAC for Commercial Drivers
Law enforcement can still convict individuals of a DWI in New Mexico if their breath or rake test is at or above the legal limit or if they refuse to take a examination. Officers can charge individuals with a DWI if they test below the legal limits, but their ability to drive is impaired by drugs or alcohol. A DUI can happen to anyone who makes a inadequate decision. If you get a DUI on your record, it can importantly increase your car insurance rates. SmartFinancial can help you find lower policy rates with more forgiving insurers. Can I Register My Car Without Insurance in Albuquerque? You can not register a cable car in the state of New Mexico without indemnity. When registering a vehicle, drivers need the following proof of insurance :
- A current auto insurance card
- A copy of your current auto insurance policy
- A letter from your auto insurance company (on company letterhead) that verifies your auto insurance coverage.
Individuals must provide the above forms of insurance to the MVD before drivers register vehicles .
permute Time in Albuquerque, NM 21.3 Miles commute Time in United States 26.4 Miles 
Number of Nearest Insurance Agents in Albuquerque, NM 116 Methodology
The statistics listed on this page are from our own in house report. We track and read quotes that carriers have provided based on diverse criteria. The rates and averages shown on this foliate should only be used as an calculate. About the Author
Fran Majidi
Insurance Expert
Fran Majidi manages contentedness on SmartFinancial ‘s web site. She ‘s had closely a decade ‘s worth of experience writing about insurance-related topics. Prior, she was an arts and entertainment editor program in New York City. She has a B.A. from Barnard College and an M.F.A. in writing from The New School. She writes books under her given appoint, Afarin Majidi .