Best Quotes on Albuquerque Auto Insurance

Are you sick of overpaying and want more competitive car insurance rates in Albuquerque, NM? Have you fallen victim to high-priced car insurance? It’s quite common and many Albuquerque consumers feel financially strained by their car insurance policy.

It’s astonishing, but nearly 70% of consumers kept buying from the same company for well over three years, and practically 40% of car insurance customers have never even shopped around for affordable coverage. The average driver in the U.S. can cut their rates by nearly 46.5% a year by just comparing rate quotes, but they just don’t understand the amount of money they would save if they bought a different policy.

Steps to buying lower priced auto insurance in Albuquerque

If you want to save the most money, the best way to get budget auto insurance prices in Albuquerque is to compare prices annually from insurers in New Mexico.

One thing to point out is to compare similar limits and deductibles on each quote request and and to get price quotes from every company you can. This helps ensure an apples-to-apples comparison and the best price quote selection.

There is such a variety of insurers to purchase coverage from, and though it is a good thing to have multiple companies, it can be more difficult to locate the cheapest rates.

You should take the time to do rate comparisons before your policy renews since rates change regularly. If you had the best premium rates on car insurance on your last policy you will most likely find a better price today. You can search a lot of car insurance on the web, but in just a couple of minutes you can learn some great ways to lower your car insurance bill.

Finding affordable coverage in Albuquerque is not that difficult. In essence, anyone who needs more affordable auto insurance will probably find a better price. But New Mexico consumers can benefit by having an understanding of the way insurance companies market on the web because it varies considerably.

Car insurance companies in New Mexico

The following companies provide free rate quotes in New Mexico. If you want cheap auto insurance in Albuquerque, it’s a good idea that you visit several of them in order to get a fair rate comparison.

Car Insurance Rates for Popular Vehicles in Albuquerque
Make, Model, and Trim Level Annual Policy Premium 6-month Policy Premium Monthly Premium
Chevrolet Colorado LT Extended Cab 2WD $946 $473 $79
Chevrolet Impala LS $946 $473 $79
Chevrolet Malibu Hybrid $970 $485 $81
Chevrolet Silverado LTZ Extended Cab 4WD $1,060 $530 $88
Dodge Ram Quad Cab Laramie 2WD $1,138 $569 $95
Ford Edge SE 2WD $884 $442 $74
Ford Escape XLS 4WD $820 $410 $68
Ford F-150 XLT Regular Cab 4WD $908 $454 $76
Ford Focus SES 2-Dr Coupe $1,088 $544 $91
GMC Sierra SL Crew Cab 4WD $1,060 $530 $88
Honda Accord LX 4-Dr Sedan $820 $410 $68
Honda CR-V EX 4WD $844 $422 $70
Honda Civic Hybrid 4-Dr Sedan $1,060 $530 $88
Hyundai Elantra GLS 4-Dr Sedan $1,034 $517 $86
Hyundai Sonata SE 4-Dr Sedan $1,088 $544 $91
Nissan Altima 3.5 SR 4-Dr Sedan $1,060 $530 $88
Toyota Camry SE $1,034 $517 $86
Toyota Corolla LE $1,034 $517 $86
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Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and New Mexico minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Information does not factor in specific garaging location which can revise premium rates considerably.

Learn how to lower your insurance premiums

An important part of buying insurance is that you know some of the things that come into play when calculating your insurance rates. If you know what influences your rates, this empowers consumers to make smart changes that can help you get much lower annual insurance costs. Lots of things are used in the calculation when you quote your car insurance policy. A few of the factors are predictable such as traffic violations, but others are less apparent like your vehicle usage or your commute time.

More traffic means higher claims – Being located in less populated areas can save you money when it comes to insurance. Fewer drivers on the road translates into fewer accidents in addition to fewer liability claims. People who live in big cities have more aggressive driving styles and much longer commute distances. Spending more time driving means more chance of being in an accident.

Annual mileage impacts rates – Driving more miles every year the more you’ll pay to insure your vehicle. Most companies price each vehicle’s coverage determined by how the vehicle is used. Autos that sit idle most of the time receive lower rates than cars that get driven a lot. It’s a good idea to make sure your insurance policy is showing the correct usage, because it can save money.

Filing policy claims can cost you more – Auto insurance companies in New Mexico award discounts to insureds who only file infrequent claims. If you frequently file small claims, you can look forward to higher premiums or even policy non-renewal. Insurance coverage is intended to be relied upon for major claims that would cause financial hardship.

Cheaper rates after marriage – Being married can get you a discount on your insurance bill. Having a spouse is viewed as being more stable financially and insurance companies like that married couples file fewer claims.

Car and home together may be cheaper – Most insurance companies apply a discount to buyers that buy multiple policies such as combining an auto and homeowners policy. Even if you’re getting this discount it’s in your best interest to compare other company rates to help guarantee you have the best rates.

Rates and job – Did you know your occupation can influence how much you pay for insurance? Occupational choices like lawyers, air traffic controllers, and miners tend to pay higher premium rates due to stressful work requirements and lengthy work days. Other careers such as farmers, students and performers get better rates.

Remove unneeded incidental coverages – There are quite a few extra bells and whistles you can purchase but may not be useful. Insurance for rental car coverage, death and dismemberment, and motor club memberships may not be needed and are just wasting money. These may sound like a good investment initially, but now you might not need them so consider taking them off your policy.

Car insurance policy discounts you can’t miss

Car insurance companies don’t always advertise all their discounts in a way that’s easy to find, so the following is a list of a few of the more well known and the more hidden discounts that may be available.Car insurance discounts

As a footnote on discounts, most credits do not apply to the entire cost. Most cut the price of certain insurance coverages like comp or med pay. Just because it seems like all those discounts means the company will pay you, that’s just not realistic.

Auto insurance companies who might offer most of these discounts possibly include:

Before purchasing a policy, check with each company or agent what discounts are available to you. Some credits may not be offered in Albuquerque. If you would like to see a list of insurers that have a full spectrum of discounts in New Mexico, click this link.

Local Albuquerque car insurance agents and car insurance

Some people still prefer to buy from a local agent and that is OK! The biggest benefit of comparing insurance prices online is the fact that you can find the lowest rates and still choose a local agent.

Insurance agents in AlbuquerqueTo help locate an agent, after submitting this short form, your coverage information is instantly submitted to participating agents in Albuquerque who will gladly provide quotes for your insurance coverage. There is no reason to search for any insurance agencies as quotes are delivered to you instantly. You can find better rates AND an agent nearby. If you want to quote rates from a particular provider, you can always go to their quote page to submit a rate quote request.

Choosing the best company should depend on more than just the quoted price. These are valid questions to ask:

Which auto insurance company is best in New Mexico?

Buying coverage from a good quality company can be challenging considering how many different companies sell coverage in Albuquerque. The company ratings shown next may help you decide which car insurance providers you want to consider comparing rate quotes with.

Top Auto Insurance Companies in New Mexico
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
Mercury Insurance 88 91 90 85% A+ 89.4
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
Travelers 80 87 87 83% A++ 85.2
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Data Source: Best Car Insurance Companies

Auto insurance claim statistics

Do you own a vehicle likely to have a claim? The following claim statistics list the best and worst makes and models for the overall chance of having claims for each type of coverage.

Auto Insurance Collision Claims by Vehicle
Lowest Overall Losses Highest Overall Losses
Mini Cooper Maserati Ghibli
Ford F-250 SuperCab Bentley Continental Flying Spur
Ford F-150 SuperCrew Bently Continental GT
Smart ForTwo Ferrari 458
Jeep Wrangler BMW M6
Nissan Xterra Maserati Granturismo

Statistics from for 2013-2015 Model Years

Bodily Injury Liability Claims by Manufacturer Model
Lowest Overall Losses Highest Overall Losses
Volvo XC60 Mitsubishi Lancer
Chevrolet Corvette Chevrolet Cruze
Subaru Forester Mitsubishi Mirage
Audi A6 Hyndai Accent
Fiat 500 Dodge Charger
Subaru Outback Chevrolet Impala

Statistics from for 2013-2015 Model Years

Comprehensive Insurance Claims by Vehicle
Lowest Overall Losses Highest Overall Losses
Chevy Spark BMW M6
Volvo V60 Maserati Granturismo
Smart ForTwo Audi S7
Nissan Xterra BMW M6
Infiniti QX50 Maserati Quattroporte
GMC Sierra 2500 Porsche Panamera GTS

Statistics from for 2013-2015 Model Years

Auto Insurance Medical Payment Claims by Vehicle Model
Lowest Overall Losses Highest Overall Losses
Chevrolet Silverado 2500 Mitsubishi Mirage
Ford Expedition Dodge Charger
Tesla Model S Nissan Versa
Land Rover Range Rover Sport Nissan Sentra
Audi A4 Allroad Hyundai Accent
Ford F-250 SuperCrew Chevrolet Spark

Statistics from for 2013-2015 Model Years

Smart shoppers get results

When shopping online for car insurance, don’t be tempted to skimp on coverage in order to save money. Too many times, an insured dropped physical damage coverage only to find out they didn’t purchase enough coverage. Your strategy should be to find the BEST coverage at an affordable rate, but do not sacrifice coverage to save money.

A few companies do not offer online rate quotes and many times these regional carriers work with local independent agents. Budget-friendly car insurance in Albuquerque is available both online as well as from independent agents in Albuquerque, and you should compare price quotes from both to have the best chance of lowering rates.

Steps to finding affordable car insurance in Albuquerque

It takes a few minutes, but the best way to find better pricing on car insurance rates in Albuquerque is to start doing a yearly price comparison from different companies in New Mexico.

Step 1: Learn about how companies price auto insurance and the things you can change to prevent rate increases. Many rating criteria that cause high rates like tickets, at-fault accidents, and poor credit history can be amended by making minor changes to your lifestyle.

Step 2: Quote rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can provide rates from one company like GEICO and State Farm, while agents who are independent can provide rate quotes from multiple insurance companies.

Step 3: Compare the new rate quotes to the premium of your current policy to see if cheaper coverage is available in Albuquerque. If you find a lower rate and switch companies, make sure the effective date of the new policy is the same as the expiration date of the old one.

A good tip to remember is to make sure you enter the same liability limits and deductibles on every price quote and and to get price estimates from as many companies as possible. Doing this enables a fair price comparison and the most accurate and complete price analysis.

Additional car insurance information is located below: