Chris Tepedino is a feature writer that has written extensively about car insurance for numerous websites. He has a college degree in communication from the University of Tennessee and has experience reporting, research investigative pieces…

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states…

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Reviewed byRachael Brennan
Licensed Insurance Agent for 14 Years

UPDATED: Mar 13, 2020

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Are you looking for cheap auto insurance in Rio Rancho, NM? At, you’ll find the most affordable insurance rates close to you. In order to obtain free car insurance quotes offered by the leading providers today, key your zip code in the quote box on this site.

Rio Rancho is the 3rd biggest city in all of New Mexico. It is located to the north and west of the central part of the state. Rio Rancho is known by many as “The City of Vision”, and it appears that careful city planning in the past few decades are making good on this reputation. Rio Rancho has been attracting strong private business since the early 80’s, including Intel and Wal-Mart.

  • Fun fact: were you aware that Rio Rancho is #6 on the list of “Top 100 fastest growing cities from 2000 to 2008 (pop. 50,000+)”? Discover more about Rio Rancho

Auto Insurance Coverage Requirements in New Mexico

Driving legally in Rio Rancho requires:

CoverageRequirementsMost Common
Bodily Injury Liability25,000/50,00025,000/50,000
Property Damage Liability10,00025,000
Uninsured Motorist Bodily InjuryNot required25,000/50,000
Medical PaymentsNot required5,000
CollisionNot required500 deductible
ComprehensiveNot required100 deductible

Because New Mexico only requires drivers to carry mandatory Liability coverage, it gives motorists the opportunity to save money each month by only purchasing a minimal amount of insurance. But keep in mind that Liability does not cover you if you get into an accident which was not your fault, if your car is damaged by severe weather, or if your car gets vandalized or stolen. You will have to purchase additional coverage to protect against such events.

The typical New Mexico driver pays about $114 per month for their automobile insurance. However, based on our analysis, Rio Rancho drivers can get insured for as little as $50/mo*, if you know how to shop. Keep reading, and we’ll tell you all about the biggest discounts you can get on your policy.

Average Monthly Auto Insurance Premiums Legend: Rio Rancho Allied Central Mutual State Farm Cal Casualty Allstate 5 10 15 20 25 30 35 40 45 50 $35 $38 $41 $49 $51


Allied, Central Mutual, and State Farm are currently offering some of the lowest rates available in the Rio Rancho area. However, a low monthly rate doesn’t necessarily mean great customer service or a smooth, easy-to-navigate claims process. Make sure you do plenty of research on your company of choice before you sign on the dotted line.

Auto insurance carriers evaluate numerous factors when determining quotes, such as gender, geography, occupation, miles driven each year, and business use of the vehicle. Also keep in mind that premiums can vary from carrier to carrier. To find out if you’re still paying the most affordable premium, evaluate cheap Rio Rancho auto insurance prices online.

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Major Car Insurance Factors in Rio Rancho

The moment your auto insurance agency sits down to write your policy, they take quite a few variables under consideration. Some of these, like your age or maybe your specific region, can be extremely hard to change. Here are some additional examples:

Your Zip Code

Your car insurance rates could vary depending on where you call home. Usually, populous cities have greater auto insurance rates because the additional amount of car owners on the streets increases the chance of a collision! The total population of Rio Rancho amounts to 91,956 and the usual family income is $56,844.

Auto Insurance by Zip Code Legend: Santa Fe Rio Rancho Las Cruces Albuquerque Roswell Allied Central Mutual State Farm Cal Casualty Allstate 5 10 15 20 25 30 35 40 45 50 $34 $35 $25 $37 $30 $37 $38 $30 $36 $35 $41 $41 $36 $49 $35 $45 $49 $39 $52 $36 $46 $51 $45 $52 $43


Automotive Accidents

Accident statistics, as shown in the chart below, are quite low. And this isn’t just great news for the obvious reasons. Typically, insurance companies will offer much lower rates in cities where you are unlikely to get into a major accident.

Fatal Accidents in Rio Rancho, NM Legend: Rio Rancho Fatal accident count Vehicles involved in fatal crashes Fatal crashes involving drunk persons Fatalities Persons involved in fatal crashes Pedestrians involved in fatal accidents 1 2 3 4 5 6 7 8 3 5 1 4 8


Auto Thefts in Rio Rancho

Residing in a big urban center (Chiefly any having a significant crime rate) increases your chance of being a victim for auto thieves. In cases where your general locality has higher rates of auto theft claims filed, you can expect to spend more for car insurance to be able to attempt to counter these prices. The total number of taken motor vehicles in 2007 was 228 for Rio Rancho. But just because they haven’t updated their statistics in many years doesn’t mean auto theft can’t happen to you. And the best way to protect yourself is with Comprehensive coverage.

Basic vs. Comprehensive Auto Policy Legend: Basic Coverage Comprehensive Coverage Allied Central Mutual State Farm Cal Casualty Allstate 15 30 45 60 75 90 105 120 135 $35 $71 $38 $145 $41 $90 $49 $144 $51 $140


Your Credit Score

For many insurance providers, particularly the large national ones, getting a minimal credit rating means you will probably pay 50-70% greater rates every month. However, some companies can always offer coverage to have an affordable cost, no matter credit rating. You just need to look around and request.

Auto Insurance by Credit Score Legend: Excellent Credit Poor Credit Allied Central Mutual State Farm Cal Casualty Allstate 10 20 30 40 50 60 70 80 90 $31 $64 $32 $92 $35 $67 $39 $84 $50 $59


Your Age

Research has proven that unskilled teenage motorists may enter into any sort of accident more frequently than older grown ups. Due to this, it is a lot more to buy automotive insurance for youthful motorists. If you’re a teen, request your provider about Motorists Driving Course discounts or Good Student discount rates.

Auto Policy Age Comparison Legend: 34 Year Old 17 Year Old Allied Central Mutual State Farm Cal Casualty Allstate 20 40 60 80 100 120 140 160 180 200 $35 $124 $38 $119 $41 $130 $49 $203 $51 $137


Your Driving Record

Have you got a fairly clean driving history? If that’s the case, then you will probably pay substantially lower monthly rates for the automotive insurance. If you have a small breach or two, your rate will increase – however, you may have the ability to lower your premium with “Accident Forgiveness” along with other similar discount rates.

Driving Violations Legend: Perfect Record Minor Speeding Ticket DUI/Reckless Driving Major At-Fault Accident Allied Central Mutual State Farm Cal Casualty Allstate 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 $35 $41 $66 $50 $38 $44 $44 $47 $41 $44 $44 $44 $49 $55 $80 $62 $51 $55 $63 $63


Your Vehicle

For reasonable, compact, fuel-efficient sedans, your insurance costs is going to be reduced than if you opt to purchase and drive around inside a luxury vehicle. More costly cars want more coverage, and much more costly total insurance policies.

Car Insurance by Make/Model Legend: 2015 Honda Accord 2012 Porsche Boxster Spyder Allied Central Mutual State Farm Cal Casualty Allstate 20 40 60 80 100 120 140 160 $35 $77 $38 $166 $41 $109 $49 $159 $51 $176


Minor Car Insurance Factors in Rio Rancho

Among the factors below, you may be able to find something which you can largely control and also utilize for discounts:

Your Marital Status

Regardless if you are single or married, as a person, your marital status won’t influence your rate per month by greater than a couple of percentage points, if whatsoever. However, married people can obtain access to lower rates by bundling their guidelines along with the same company. You will get further discount rates by bundling homeowner’s insurance, or renter’s insurance for your auto guidelines.

Your Gender

Insurance provider data implies that there really is not a large improvement in risk in one gender to a different one. Most major companies don’t even charge different rates according to gender any longer. However, the couple of firms that still do only charge in regards to a 2-3% difference. And whether that difference punishes males or women largely is dependent on the organization supplying the insurance policy.

Your Driving Distance to Work

Unfortunately, one of the reasons car insurance is so high in Rio Rancho has to do with long commute times. The more time you spend behind the wheel, the more likely you are to get into an accident. Residents can expect to spend an average of 29-42 minutes each way. Additionally, more than 80% will drive their own vehicle alone to work, while somewhere between 5-23% will carpool.

Some companies pay some attention to your own purpose for driving, together with the miles you drive each year. However, if you assess the information, a number of these factors barely produce a dent within your monthly premium – for example, there can be no more than a 4% among driving less miles for work and 100s of thousands of miles for pleasure each year. However, business automobiles have about 10-15% greater rates than regular automobiles.

Your Coverage and Deductibles

Want to save cash in your insurance every month? Try raising your deductible. A greater deductible means you’ll be billed lower monthly rates from your insurance provider. However, additionally, it implies that your repairs could be more costly when the worst happens.

Education in Rio Rancho, NM

28% of people living in Rio Rancho have completed all requirements for a high school diploma or similar equivalent, while another one-fifth of the population has continued on to pursue at least one year or more of college. For most college graduates, there is more than an advanced degree to look forward to: they will also be offered lower rates on their auto insurance policies. It’s an even better way to save than relying on discounts for your profession or your annual income.

There are several institutions for higher learning located in Rio Rancho and nearby Albuquerque. The University of New Mexico has recently established a branch campus in the city, and the Central New Mexico Community College is also in the process of establishing a branch campus nearby. For a more specialized education, students interested in the culinary arts can look into the Culinary Business Academy.

Obtaining inexpensive car insurance may be a problem. There’s lots of important information to take into account, and understanding exactly how insurance companies assess your probable risk may well be complicated. But try not to allow the wrong insurance company talk you into purchasing the wrong policy.

How We Conducted Our Car Insurance Analysis

*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.


New Mexico Office of the Superintendent of Insurance

New Mexico Financial Institutions Division – Regulation and Licensing

Department of Highway Safety and Motor Vehicles

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