Best Albuquerque, NM Auto Insurance in 2025 (10 Standout Companies)
State Farm, Geico, and Progressive offer the best Albuquerque, NM auto insurance, with coverage starting at $30 monthly. New Mexico has an 18% uninsured driver rate, but Albuquerque drivers can reduce damage risks with State Farm's driver and vehicle safety discounts, providing financial security in case of an accident.
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Brad Larson
Licensed Insurance Agent
Brad Larson has been in the insurance industry for over 16 years. He specializes in helping clients navigate the claims process, with a particular emphasis on coverage analysis. He received his bachelor’s degree from the University of Utah in Political Science. He also holds an Associate in Claims (AIC) and Associate in General Insurance (AINS) designations, as well as a Utah Property and Casual...
Licensed Insurance Agent
UPDATED: Jan 10, 2025
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18,154 reviewsCompany Facts
Full Coverage in Albuquerque NM
A.M. Best Rating
Complaint Level
Pros & Cons
18,154 reviews
19,116 reviewsCompany Facts
Full Coverage in Albuquerque NM
A.M. Best Rating
Complaint Level
Pros & Cons
19,116 reviews
13,283 reviewsCompany Facts
Full Coverage in Albuquerque NM
A.M. Best Rating
Complaint Level
Pros & Cons
13,283 reviewsState Farm is the top pick for the best Albuquerque, NM auto insurance, offering affordable rates and outstanding customer service. Geico stands out with a strong reputation for customer satisfaction, while Progressive offers many discounts.
These auto insurance providers excel in different areas, guaranteeing that Albuquerque car owners will get efficient and cheap auto insurance rates. This guide will assist you in comparing the best firms to find the right one for your needs.
Our Top 10 Company Picks: Best Albuquerque, NM Auto Insurance
| Company | Rank | Bundling Discount | A.M. Best | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | 17% | B | Affordable Rates | State Farm |
 | #2 | 25% | A++ | Many Discounts | Geico |
 | #3 | 10% | A+ | Flexible Coverage | Progressive |
 | #4 | 20% | A+ | Reliable Service | Nationwide |
 | #5 | 25% | A+ | Comprehensive Options | Allstate |
 | #6 | 20% | A | Customizable Policies | Farmers |
 | #7 | 25% | A | Online Convenience | Liberty Mutual |
 | #8 | 5% | A+ | Senior Benefits | The Hartford |
 | #9 | 13% | A++ | Bundling Discounts | Travelers |
 | #10 | 10% | A++ | Military Excellence | USAA |
Looking for affordable auto insurance in Albuquerque, NM? Visit AutoInsuranceEZ.com to find the best rates. Enter your ZIP code in the quote box for free quotes from top providers.
- State Farm offers affordable rates in Albuquerque, starting at $85/month
- Auto insurance in Albuquerque, NM, balances costs with comprehensive coverage
- Best Albuquerque, NM auto insurance ensures tailored coverage options
#1 – State Farm: Top Overall Pick
Pros
- Affordable Rates: State Farm offers some of Albuquerque’s most cost-effective auto insurance policies so residents can afford coverage.
- Bundling Discount: Albuquerque drivers can save up to 17% by bundling auto and other insurance with State Farm. Enhance your knowledge by reading our “State Farm Insurance Review.”
- B Rated by A.M. Best: Although this rating is low, State Farm is still one of the strongest options for Albuquerque drivers seeking stable insurance.
Cons
- Limited Coverage Range: In Albuquerque, the range of options under State Farm’s coverage may be less than the overall variety needed for all drivers.
- Limited Discounts: State Farm offers fewer discount programs in Albuquerque than other insurers, limiting potential savings.
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#2 – Geico: Best for Many Discounts
Pros
- Multiple Discount Opportunities: It offers a variety of insurance discounts, such as good student and military discounts, making it a great option for Albuquerque drivers looking to save.
- A++ Rated by A.M. Best: Geico’s highest possible financial strength rating ensures Albuquerque customers that the company is stable in the long term. Learn more at “Geico Insurance Review.”
- New Vehicle Discounts: Albuquerque new car owners get even more discounts from Geico auto insurance policies.
Cons
- Inconsistent Customer Support: Customers in Albuquerque have mixed experiences receiving support from Geico, which is disappointing for drivers looking for car insurance.
- Limited Local Presence: Geico has fewer physical offices in Albuquerque, NM, which might be inconvenient for drivers who prefer in-person service.
#3 – Progressive: Best for Flexible Coverage
Pros
- Customizable Coverage: Progressive has all kinds of customizable coverage options that can suit drivers’ demands in Albuquerque.
- Snapshot Program: Progressive’s Snapshot program discounts safe drivers in Albuquerque, NM, rewarding responsible driving behavior. Explore further details in our “Progressive Review.”
- Bundling Savings: Albuquerque drivers can benefit from multi-policy discounts by bundling their auto insurance with Progressive’s other products.
Cons
- Higher Initial Premiums: Albuquerque drivers may experience higher starting car insurance premiums when choosing Progressive than other insurance companies.
- Limited Local Agents: Progressive has fewer local agents in Albuquerque, which may be inconvenient for those who prefer face-to-face assistance.
#4 – Nationwide: Best for Reliable Service
Pros
- Dependable Customer Service: It is known for offering reliable and responsive customer service, a strong advantage for Albuquerque drivers. Read “Nationwide Insurance Review” to find out more.
- SmartRide Program: Nationwide’s SmartRide enables Albuquerque drivers to observe their driving habits and receive a discount for safe driving based on the observation.
- A+ Financial Rating: Nationwide has an A+ rating in A.M. Best, showing its capability to be more financially stable with claims handling, which benefits Albuquerque customers.
Cons
- Less Discount Variety: Compared to other insurance companies, Albuquerque drivers have fewer options for discounts from Nationwide, which could impact savings.
- Premiums May Be Higher: Some customers in Albuquerque reported that Nationwide’s premiums can be slightly more expensive than other auto insurance providers.
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#5 – Allstate: Best for Comprehensive Options
Pros
- Excellent Rating: Allstate has an A+ rating in terms of financial strength. It means the company can handle claims reliably, creating a sense of reassurance for Albuquerque drivers.
- Multiple Discounts: Albuquerque drivers can enjoy discounts such as Drivewise and anti-theft, which lower their Allstate premiums. Our “Allstate Insurance Review” will help you understand more.
- Wide Range of Coverage Options: It offers a wide range of insurance coverages, including optional protection, to satisfy the needs of Albuquerque drivers.
Cons
- Higher Rates for Younger Drivers: The price quotes for a younger Albuquerque individual may be much higher, as it is not the most affordable option.
- Limited Online Tools: Allstate’s online tools for managing policies and claims may not be as robust or user-friendly as some competitors in Albuquerque.
#6 – Farmers: Best for Customizable Policies
Pros
- Flexible Policy Customization: Farmers provides very flexible auto insurance policies, which allow Albuquerque drivers to customize their coverage according to their needs.
- Multi-Policy Discount: Albuquerque drivers can save money by bundling auto insurance with homeowners or renters policies from Farmers. Obtain further insights from our “Farmers Review.”
- Good Student Discount: Farmers in Albuquerque offer discounts for good students, which can help families save on their premiums.
Cons
- Higher Premiums for Young Drivers: Farmers may charge higher premiums for young drivers in Albuquerque than other auto insurers.
- Online Services Can Be Improved: Farmers’ online tools and customer service features are less comprehensive than those offered by other insurers in Albuquerque.
#7 – Liberty Mutual: Best for Online Convenience
Pros
- Convenient Online Services: Liberty Mutual has a very accessible online service, where it is easy for Albuquerque drivers to manage their policies and get details about their coverages.
- Discount for Online Purchases: Albuquerque drivers can save up to 25% by purchasing their auto insurance policies online through Liberty Mutual. Check out “Liberty Mutual Review” for more.
- Strong Financial Stability: Liberty Mutual has an A rating, which means it has solid financial stability so Albuquerque car owners can feel confident in their coverage.
Cons
- Customer Service Concerns: A few Albuquerque customers had subpar customer service experiences with Liberty Mutual.
- Fewer Discount Options: Liberty Mutual offers fewer ways to save than some competitors, which may lower the overall value for Albuquerque, NM, drivers.
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#8 – The Hartford: Best for Senior Benefits
Pros
- Tailored Benefits for Seniors: Hartford offers specific auto insurance discounts and coverage options that benefit senior drivers.
- Defensive Driver Discount: Defensive driving course completion in Hartford can reduce auto insurance quotes for Albuquerque drivers
- A+ Rating by A.M. Best: It has an A+ financial strength rating with A.M. Best, giving Albuquerque drivers confidence that the provider will process automobile insurance claims professionally.
Cons
- Higher Premiums for Younger Drivers: Hartford is more expensive than other insurers for younger drivers in Albuquerque.
- Limited Coverage Options for Non-Seniors: Non-senior drivers in Albuquerque may not find as many coverage options as seniors do. Elevate your knowledge with “Hartford Review.”
#9 – Travelers: Best for Bundling Discounts
Pros
- Excellent Bundling Opportunities: Travelers offers multi-policies discounts, such as auto and home insurance, which benefits Albuquerque drivers.
- A++ Financial Strength: Travelers boasts an A++ rating, indicating superior financial stability and reliability for Albuquerque residents. Our “Travelers Review” provides additional information.
- Discounts for New Cars: New cars held in Albuquerque, NM, are entitled to the discounts provided by Travelers, making it a great choice after purchasing a new vehicle.
Cons
- Limited Coverage Options: Travelers has fewer specialized coverage options than other Albuquerque insurers, limiting choices for some drivers.
- Customer Service Inconsistencies: Albuquerque drivers have reported inconsistent customer service from Travelers, which has affected their satisfaction with auto insurance.
#10 – USAA: Best for Military Excellence
Pros
- Exclusive Military Discounts: USAA offers the lowest auto insurance prices for military personnel and their loved ones in Albuquerque, saving much money.
- A++ Rating from A.M. Best: The A++ rating indicates that USAA is financially stable, guaranteeing sound protection and claims handling for Albuquerque car owners and residents.
- Good Student Discounts: Albuquerque students can benefit from its discounts for good grades, reducing insurance costs. For expanded insights, look at our “USAA Auto Insurance Review.”
Cons
- Available Only to Military Families: USAA’s insurance is exclusively available to military members and their families, limiting its availability to other Albuquerque residents.
- Fewer Coverage Options: USAA provides fewer customizable coverage options than other insurers in Albuquerque, which may limit choices for some drivers.
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Importance of Auto Insurance in Albuquerque, NM
Choosing auto insurance in Albuquerque, NM, is vital for financial protection and legal compliance. The table below shows that monthly rates start around $30 for minimum coverage with USAA and $38 with State Farm, offering affordable options for your vehicle.
Albuquerque, NM Auto Insurance Monthly Rates by Provider & Coverage Level
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| $67 | $195 |
| $72 | $203 |
| $54 | $221 |
| $74 | $215 |
| $43 | $144 |
| $82 | $220 |
| $38 | $131 |
| $70 | $200 |
| $68 | $193 |
| $30 | $110 |
New Mexico mandates minimum coverage of $25,000/$50,000 for bodily injury and $10,000 for property damage liability, but optional coverage like collision and medical payments offer added security.
Having safe driver and multi-vehicle discounts in your auto insurance helps to lower premiums, making it more easier to meet Albuquerque’s minimum coverage requirements.
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These additional protections help Albuquerque drivers avoid significant out-of-pocket expenses in case of accidents.
Auto Insurance Coverage Requirements in New Mexico
| Coverage | Requirements |
|---|---|
| Bodily Injury Liability | $25,000 / $50,000 |
| Property Damage Liability | $10,000 |
Now, let’s explore how New Mexico’s insurance requirements align with auto insurance premiums in Albuquerque, New Mexico.
Albuquerque, NM Report Card: Auto Insurance Premiums
| Category | Grade | Explanation |
|---|---|---|
| Customer Satisfaction | A- | Mostly positive experiences with service and support |
| Claims Process | B+ | Efficient claims handling with prompt responses and good resolutions |
| Discount Availability | B+ | Many discounts: safe driver, multi-policy, and more |
| Premium Rates | B | Albuquerque rates are higher than New Mexico's average |
Albuquerque drivers are highly satisfied with their insurance companies, scoring an A- grade for customer service and a B+ for the efficiency of their claims process.
Investing in auto insurance in Albuquerque offers essential protection against unexpected expenses.
Choosing the Right Auto Insurance Coverage in Albuquerque, NM
Finding the right auto insurance in Albuquerque requires considering your coverage needs. Look for affordable rates, reliable service, and appropriate options that match your driving habits and budget.
Auto Insurance Discounts From the Top Providers in Albuquerque, NM
| Insurance Company | Available Discounts |
|---|---|
| Safe Driving Bonus, Drivewise, Anti-Theft, New Car, Good Student, Multi-Policy |
| Good Student, Distant Student, Homeowner, Signal App, Pay-In-Full, Multi-Policy |
| Multi-Policy, Military, Federal Employee, Good Driver, Good Student, Emergency Deployment, New Vehicle |
| Online Purchase, Teacher Discounts, Vehicle Safety Features, Military, Early Shopper |
| SmartRide, Multi-Policy, Accident-Free, Good Student, Anti-Theft, Automatic Payments |
| Snapshot Program, Multi-Car, Teen Driver, Homeowner, Continuous Insurance, Good Student, Online Quote |
| Safe Driver, Good Student, Multi-Policy, Defensive Driving Course, Vehicle Safety Features, Anti-Theft |
| AARP Membership, Defensive Driver, Bundling Policies, Good Student, Anti-Theft, Driver Training |
| IntelliDrive Program, Multi-Policy, Good Payer, Early Quote, Homeowner, New Car |
| Safe Driver, Military, Good Student, Multi-Policy, Stored Vehicle Discounts |
Albuquerque’s high accident rate and uninsured driver percentage emphasize the need for comprehensive auto insurance to protect against significant financial losses, with average claims costing $5,500.
The table also shows 350 annual vehicle thefts and moderate weather-related incidents, highlighting the significance of good coverage in mitigating these risks within Albuquerque, New Mexico.
Albuquerque, NM Auto Accident & Insurance Claim Statistics
| Factor | Value |
|---|---|
| Accidents per Year | 1,400 |
| Claims per Year | 1,050 |
| Average Claim Cost | $5,500 |
| Percentage of Uninsured Drivers | 18% |
| Vehicle Theft Rate | 350 thefts/year |
| Traffic Density | Medium |
| Weather-Related Incidents | Moderate |
Fortunately, Albuquerque drivers can benefit from various auto insurance discounts to help reduce their premiums. Discounts such as safe driver, multi-policy, and good student rewards are offered by top insurers like Allstate, Geico, and State Farm, making it easier to find affordable options tailored to your needs.
In conclusion, evaluating your driving habits and taking advantage of discounts available in Albuquerque can help you lower your auto insurance premiums. By carefully reviewing your options and securing the right coverage, you can protect yourself and your vehicle while saving money.
DUI Laws & Penalties in Albuquerque, New Mexico
DUI offenses in Albuquerque carry severe penalties, including fines, license suspension, and mandatory alcohol education programs. The consequences can also include increased insurance premiums for drivers convicted of DUI.
Albuquerque, NM Auto Insurance Monthly Rates by Driving Record
| Insurance Company | Clean Record | One Ticket | One DUI | One Accident |
|---|---|---|---|---|
| $45 | $50 | $55 | $70 |
| $55 | $59 | $65 | $70 |
| $39 | $44 | $50 | $62 |
| $49 | $53 | $53 | $56 |
| $48 | $53 | $58 | $72 |
| $44 | $49 | $54 | $65 |
| $42 | $47 | $53 | $60 |
| $43 | $48 | $55 | $65 |
| $47 | $52 | $57 | $68 |
| $40 | $45 | $47 | $55 |
A DUI conviction in Albuquerque will increase the insurance premiums by significant margins, as reflected in the rate hikes by companies such as Liberty Mutual and Geico. The table below shows that Liberty Mutual charges $54 for a DUI, compared to $37 for a clean record, which reflects the higher risk that insurance companies associate with DUI offenders.
Insurance scores also play a significant role in determining premiums, as shown by the difference in rates for those with good and poor credit scores below.
Albuquerque, NM Auto Insurance Monthly Rates by Credit Score
| Insurance Company | Good Credit | Fair Credit | Bad Credit |
|---|---|---|---|
| $123 | $163 | $203 |
| $130 | $170 | $210 |
| $110 | $150 | $190 |
| $128 | $163 | $203 |
| $115 | $155 | $195 |
| $135 | $175 | $215 |
| $120 | $160 | $200 |
| $140 | $180 | $220 |
| $125 | $165 | $205 |
| $105 | $145 | $185 |
Companies like Liberty Mutual and Farmers charge much higher rates for those with poor credit, such as $68 for poor credit compared to $33 for good credit, further impacting drivers with a DUI conviction.
DUI offenses in Albuquerque lead to legal penalties and higher insurance premiums, with rates increasing to $54 at Liberty Mutual, reflecting the higher risk insurers associate with such violations
In conclusion, DUI offenses in Albuquerque lead to both legal penalties and higher insurance premiums, making car insurance after a DUI more expensive. Albuquerque drivers should consider the impact of their driving record and credit score on their insurance costs to manage premiums effectively.
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Must-Know Takeaways for Choosing Albuquerque Auto Insurance
When choosing auto insurance in Albuquerque, you compare rates from various providers to find the best deal for your needs. Since factors such as coverage levels, discounts, and driving history could significantly impact your premiums, it guarantees you the best value by evaluating various options.
Take advantage of discounts such as safe driver and multi-policy options to lower costs. Understanding the minimum coverage requirements and exploring additional auto insurance coverage options can also ensure legal compliance and financial security in Albuquerque.
Enter your ZIP code now to get the best auto insurance quotes for Albuquerque, New Mexico, and find affordable coverage tailored to your needs.
Frequently Asked Questions
What is the best car insurance in Albuquerque for uninsured drivers?
The best car insurance in Albuquerque, NM, for uninsured drivers, includes providers like Geico, State Farm, and Progressive, which offer uninsured motorist coverage with starting rates of around $25 per month for basic coverage.
How does a DUI affect Albuquerque car insurance providers?
A DUI significantly increases Albuquerque, New Mexico car insurance rates, as providers consider drivers with DUIs as high-risk, which can lead to higher premiums and potential coverage restrictions.
How can I get cheap car insurance in Albuquerque with a good student discount?
To get cheap insurance in Albuquerque, NM, with a good student discount, maintain a GPA of 3.0, and provide proof of school enrollment. Many insurance providers, such as State Farm and Geico, offer discounts for good students, which can reduce premiums by up to 15%. This can help you secure the best car insurance in New Mexico while saving money.
Which Albuquerque car insurance companies provide the best full and minimum coverage rates?
Car insurance in Albuquerque is highly competitive, with State Farm and USAA providing the best rates for full and minimum coverage. State Farm offers minimum coverage at $38 per month and full coverage at $131 per month, while USAA offers minimum coverage at $30 per month and full coverage at $110 per month.
How can I secure low-cost car insurance in Albuquerque?
To secure low-cost car insurance in Albuquerque, compare car insurance quotes in Albuquerque, NM, maintain a clean driving record, and use discounts. You can save up to 20% on premiums by shopping for the best rates.
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How does a one-ticket driving violation affect local car insurance in Albuquerque?
A one-ticket driving violation leads to a moderate increase in car insurance rates in New Mexico, especially in Albuquerque. An example of how traffic and driving violations increase car insurance rates is shown by Farmers, where premiums rise from $36 to $41 per month, and Allstate’s rates increase from $52 to $56 per month.
How much does car insurance cost in New Mexico with poor credit?
Car insurance rates in New Mexico are quite high for drivers with poor credit. For example, Liberty Mutual charges $68 monthly for poor credit, compared to $33 for good credit. Farmers increase their rates from $30 to $85 for poor credit, emphasizing the significance of considering New Mexico’s cheap auto insurance options for better rates.
What is the average cost of car insurance in New Mexico with State Farm, considering driving history?
The average cost of car insurance with State Farm in New Mexico varies based on driving history. With a clean record, the monthly premium is $49, rising to $53 with one ticket and remaining at $53 for both a DUI and one accident. This makes cheap auto insurance in New Mexico harder to find for drivers with violations but still competitive for those with a clean driving history.
How do the property damage liability coverage requirements affect auto insurance quotes in Albuquerque?
The Property Damage Liability coverage requirement in Albuquerque is $10,000, lower than the most common coverage of $25,000. This lower minimum requirement can result in lower auto insurance in Albuquerque quotes for drivers, though higher coverage may increase premiums.
How can I find cheap car insurance for good credit in Albuquerque, NM?
To find cheap car insurance for good credit in Albuquerque, NM, consider providers like Farmers, with a rate of $30, or Liberty Mutual, which offers a rate of $33. Other options include Geico, at $41, and State Farm, at $42, all of which offer affordable rates for drivers with good credit and are considered reliable auto insurance options in Albuquerque, NM.
How much is car insurance in New Mexico per month?
Car insurance in New Mexico typically costs around $100 to $150 per month, depending on factors like coverage levels, driving history, and the insurer. Rates may be lower based on location and individual circumstances for those seeking the cheapest car insurance in Albuquerque.