How Much are Auto Insurance Rates for 19 Year Olds in Albuquerque?

The vehicle driven is one of the largest considerations when looking for low-priced insurance for 19 year olds. Vehicles with high performance features, poor crash test ratings, or a high likelihood of having liability claims will cost quite a bit more to insure than more modest models.

The information below showcases coverage costs for a number of the more affordable automobiles to insure.

Cheapest Vehicles to Insure in Albuquerque, NM
Vehicle Insured Estimated Cost for Full Coverage
Ford Escape XLS 4WD $4,612
Honda CR-V LX 4WD $4,620
Toyota Prius $5,055
Ford Explorer Eddie Bauer 2WD $5,151
Toyota Tacoma 2WD $5,415
Ford Focus S 4-Dr Sedan $5,420
Ford Edge SEL 2WD $5,415
Jeep Grand Cherokee Laredo 2WD $5,473
Chevrolet Impala LT $5,481
Nissan Altima 2.5 4-Dr Sedan $5,473
Chevrolet Equinox LS AWD $5,478
Toyota RAV4 2WD $5,473
Toyota Camry LE $5,478
Dodge Grand Caravan Crew $5,535
Ford F-150 Lariat Crew Cab 4WD $5,544
Chevrolet Malibu LT $5,535
Hyundai Elantra SE 4-Dr Sedan $5,793
Toyota Corolla S $5,802
Volkswagen Jetta SEL 4-Dr Sedan $5,855
Ford Fusion Sport 4-Dr Sedan $5,864
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Data rating is based on single male driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Mexico minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in specific garaging location which can change prices considerably.

Looking at the rates, we can presume that cars like the Ford Escape, Honda CR-V, Toyota Prius, and Ford Explorer are likely to be a few of the most affordable vehicles to insure for teenage drivers. The cost of auto insurance will trend higher because there is more risk for 19 year olds, but in general those models will have the best insurance prices compared to other vehicles.

One of the more important considerations that are used to help calculate the amount you pay for auto insurance is your zip code in Albuquerque. More populated areas likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims benefit from lower rates.

The information below sorts the highest-priced areas in New Mexico for 19 year olds to buy car insurance in. Albuquerque is ranked at #1 with the annual price of $1,431 for coverage, which is approximately $119 monthly.

How much does car insurance cost in Albuquerque, NM?
Rank City Average Per Year
1 Albuquerque $1,431
2 Santa Fe $1,342
3 South Valley $1,336
4 North Valley $1,329
5 Artesia $1,317
6 Los Lunas $1,302
7 Los Alamos $1,295
8 Rio Rancho $1,256
9 Hobbs $1,246
10 Gallup $1,224
11 Espanola $1,223
12 Lovington $1,195
13 Roswell $1,186
14 Carlsbad $1,177
15 Portales $1,151
16 Las Vegas $1,149
17 Farmington $1,148
18 Clovis $1,145
19 Deming $1,109
20 Anthony $1,109
21 Las Cruces $1,109
22 Sunland Park $1,098
23 Silver City $1,085
24 Chaparral $1,081
25 Alamogordo $1,073
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Annual rates are approximated as specific Albuquerque zip code can affect coverage rates greatly.

Albuquerque auto insurance companies ranked

Choosing a good quality company can be a challenge considering how many companies there are to choose from in New Mexico. The company rank data in the next section may help you analyze which providers to look at when trying to find cheaper insurance for 19 year olds. These ratings are only made up of large insurance companies, so companies that focus mainly on New Mexico business will not be included in this list.

Top 15 Auto Insurance Companies for 19 Year Olds in Albuquerque, NM
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
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Data Source: Best Car Insurance Companies

The chart below illustrates how your deductible choice can influence insurance premiums when researching cheap insurance for 19 year olds. The price estimates are based on a single male driver, full coverage, and no other discounts are factored in.

The chart above illustrates that a 40-year-old driver could cut expenses by $264 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $400 by using a $1,000 deductible. Young drivers, like the 20-year-old, could drop their prices up to $868 every year just by using higher deductibles.

If you do decide to increase your deductibles, it will be necessary to have enough in a savings account to be able to cover the extra out-of-pocket expense associated with higher deductibles.

You are probably paying too much for car insurance

New Mexico auto insurance rates are determined by lots of factors that will increase or decrease the price you have to pay. Turning one year older, buying a new vehicle, or getting a couple of tickets can cause premium changes that may make certain companies cheaper in comparison to the competition. Not only may things change on your end, but insurance companies change their prices as needed to ensure their profitability. Significantly higher claims can result in rate increases, while a lower level of claims can cause cheaper Albuquerque car insurance rates.

To illustrate this point, the data below shows the cheapest car insurance in Albuquerque, NM for a 35-year-old male driver with no prior accidents, a clean driving record, and great credit. When comparing rates based on his personal risk profile, USAA may have the cheapest car insurance rates in Albuquerque at $885 each year. This is $683 less than the average premium paid by New Mexico drivers of $1,568. Allied, Safeco, Farm Bureau Mutual, and Farmers are the remainder of the cheapest Albuquerque, NM auto insurance companies.

The example below compares rates after we give the driver from the above example a claim or two, a lower credit score, and a few traffic violations. Since every car insurance company uses their own method for determining rates in each state, comparing insurance quotes could result in a completely different list of the cheapest Albuquerque car insurance companies as shown below.

USAA now has the best price in Albuquerque with The Hartford, Allied, Central Mutual, and Safeco now being in the top five. This example illustrates why Albuquerque drivers need to compare rates when trying to get the best car insurance rates for 19 year olds. Rates are determined by many risk factors and change frequently, so the most economical option two years ago may now be an over-priced policy.