Cheap Albuquerque Jeep Patriot Insurance

Unbelievable but true according to a study 70% of consumers kept their policy with the same company for well over three years, and just under half have never even shopped around for cheaper coverage. With the average car insurance premium being $1,240, New Mexico drivers could save up to $470 a year, but most tend to underestimate the rate savings if they switched to a more affordable policy.

Insurance rates Jeep Patriot in AlbuquerqueThe most effective way to find more affordable Jeep Patriot insurance is to start comparing prices regularly from insurers who provide car insurance in Albuquerque. Rate comparisons can be done by completing these steps.

  1. Spend some time learning about how your policy works and the measures you can control to drop your rates. Many things that cause rate increases such as traffic citations, accidents, and a poor credit score can be rectified by paying attention to minor details.
  2. Quote rates from independent agents, exclusive agents, and direct companies. Direct companies and exclusive agencies can give quotes from a single company like Progressive and State Farm, while agents who are independent can provide price quotes for a wide range of insurance providers.
  3. Compare the new quotes to your current policy premium and see if there is a cheaper rate. If you can save some money and buy the policy, make sure there is no coverage gap between policies.
  4. Notify your agent or company of your intention to cancel your current coverage and submit the completed application along with a down payment to the new company. When you receive it, place your new proof of insurance paperwork in an easily accessible location.

The key thing to know about shopping around is to use the same coverage limits and deductibles on each price quote and and to compare as many different insurance providers as possible. Doing this provides an accurate price comparison and a complete price analysis.

Buying the cheapest car insurance in Albuquerque can initially seem challenging. If you are insured now or just want to reduce your rates, take advantage of these tips to find the best rates without having to cut coverage. You just need to use the least time-consuming way to find the lowest price from many companies at once.

Low Cost car insurance in Albuquerque, NM

The providers in the list below have been selected to offer comparison quotes in Albuquerque, NM. If your goal is to find the best cheap car insurance in Albuquerque, NM, we suggest you click on several of them to get a more complete price comparison.

Car insurance analysis for a Jeep Patriot

The data table shown next showcases detailed analysis of coverage prices for Jeep Patriot models. Having a better idea how policy premiums are established can help drivers make decisions on the best policy to buy.

Jeep Patriot Insurance Rates in Albuquerque, NM
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Patriot Sport 2WD $152 $272 $338 $20 $102 $884 $74
Patriot Sport 4WD $152 $272 $338 $20 $102 $884 $74
Patriot Limited 2WD $174 $332 $338 $20 $102 $966 $81
Patriot Limited 4WD $174 $332 $338 $20 $102 $966 $81
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Cost estimates assume married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Price information does not factor in garaging location in Albuquerque which can lower or raise premiums substantially.

Raise deductibles and save

One of the more difficult decisions when buying car insurance is which deductible level should you buy. The rates shown below summarize the premium difference of buying low and high comp and collision deductibles. The first rate quote example uses a $250 deductible and the second pricing table uses a $500 deductible.

Jeep Patriot insurance with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Patriot Sport 2WD $216 $344 $322 $20 $96 $1,023 $85
Patriot Sport 4WD $216 $344 $322 $20 $96 $1,023 $85
Patriot Limited 2WD $248 $420 $322 $20 $96 $1,131 $94
Patriot Limited 4WD $248 $420 $322 $20 $96 $1,131 $94
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Jeep Patriot insurance with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Patriot Sport 2WD $176 $278 $322 $20 $96 $892 $74
Patriot Sport 4WD $176 $278 $322 $20 $96 $892 $74
Patriot Limited 2WD $202 $338 $322 $20 $96 $978 $82
Patriot Limited 4WD $202 $338 $322 $20 $96 $978 $82
Get Your Own Custom Quote Go

Data based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Mexico minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, homeowner, and multi-vehicle. Premium costs do not factor in zip code location which can increase or decrease premiums significantly.

Using the premium rates above, we can conclude that using a $250 deductible could cost the average driver approximately $12 more each month or $144 a year than quoting the higher $500 deductible. Since the policyholder would be required to pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you go at least 21 months between claim filings, you would probably save some money by going with a higher deductible. The numbers below show an example of how this determination is made.

Average monthly premium for $250 deductibles: $90
Average monthly premium for $500 deductibles (subtract): – $78
Monthly savings from raising deductible: $12
Difference between deductibles ($500 – $250): $250
Divide difference by monthly savings: $250 / $12
Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible 21 months

One important caveat is that higher deductibles results in a higher out-of-pocket expense when you have a comprehensive or collision claim. You need to make sure you have access to more funds in order to pay more for the deductible.

The example below demonstrates how deductibles and can change Jeep Patriot premium costs for different age groups. The data assumes a single female driver, full coverage, and no discounts are factored in.

Driving violations and accidents

The chart below shows how speeding tickets and accident claims influence Jeep Patriot yearly insurance costs for different insured age categories. The premiums are based on a single female driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.

Difference between liability only and full coverage rates

The information below illustrates the difference between Jeep Patriot insurance costs with and without full coverage. The rates are based on no violations or accidents, $1,000 deductibles, drivers are single, and no other discounts are factored in.

When to buy liability coverage only

There is no clear-cut rule that works best for making the decision to drop comp and collision coverage, but there is a general convention. If the yearly cost for physical damage coverage is about 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s pretend your Jeep Patriot replacement cost is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company would pay you is $6,000 after the deductible is paid. If you are paying over $600 a year to have full coverage, then you might consider buying liability only.

There are a few situations where dropping full coverage is not financially feasible. If you still owe money on your vehicle, you are required to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Car insurance discounts are available to cut your rates

Companies offering auto insurance don’t necessarily list all possible discounts in an easy-to-find place, so the next list breaks down a few of the more common and the harder-to-find car insurance savings.

We need to note that some credits don’t apply to the entire policy premium. Most cut specific coverage prices like medical payments or collision. If you do the math and it seems like having all the discounts means you get insurance for free, nobody gets a free ride.

The illustration below shows the comparison of Jeep Patriot yearly insurance costs with and without discounts applied to the rates. The data assumes a male driver, no violations or accidents, New Mexico state minimum liability limits, comprehensive and collision coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, homeowner, multi-car, multi-policy, and claim-free discounts applied.

To see insurance companies that offer some of these discounts in New Mexico, click here to view.

Local Albuquerque car insurance agents and insurance

Certain consumers would rather talk to a local agent and often times that is recommended Licensed agents can help you choose the best coverages and help submit paperwork. The biggest benefit of getting free rate quotes online is the fact that you can find better rates and still buy from a local agent.

Find insurance agent in AlbuquerqueFor easy comparison, once you complete this simple form, your insurance coverage information is transmitted to companies in Albuquerque that can give you free Albuquerque car insurance quotes to get your business. It’s much easier because you don’t need to leave your computer because quoted prices will be sent instantly to you. In the event you want to compare rates from a specific insurance company, don’t hesitate to search and find their rate quote page and submit a quote form there.

Choosing the best insurance company needs to be determined by more than just a cheap quote. Here are some questions you might want to ask.

The following is a short list of insurers in Albuquerque willing to provide price quotes for Jeep Patriot insurance in Albuquerque.

6751 Academy Rd NE aAlbuquerque, NM 87109(505) 823-9333View Map

8224 Louisiana Blvd NEAlbuquerque, NM 87113(505) 821-7123View Map

2116 Vista Oeste NW Bldg 5Albuquerque, NM 87120(505) 883-3683View Map

12700 San Rafael Ave NE #2Albuquerque, NM 87122(505) 292-3934View Map

More Albuquerque agents

After receiving good responses to all your questions and an affordable coverage quote, it’s a good possibility that you have found an insurer that meets your needs to properly service your insurance policy. Just understand that consumers can cancel your coverage whenever you choose to so don’t feel that you are obligated to any particular company with no way to switch.

Shop smart and save

When getting Albuquerque car insurance quotes online, it’s a bad idea to skimp on coverage in order to save money. There are many occasions where an insured cut uninsured motorist or liability limits and found out when filing a claim that the few dollars in savings costed them thousands. The ultimate goal is to buy enough coverage at an affordable rate, not the least amount of coverage.

Discount Jeep Patriot insurance in Albuquerque is possible online and with local Albuquerque insurance agents, and you need to comparison shop both so you have a total pricing picture. Some companies don’t offer online price quotes and usually these regional carriers only sell coverage through independent agents.

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