Wouldn’t this article be short if you could just magically know the single best car insurance company that has the best insurance prices for 4×4 vehicles? Unfortunately, it’s not that simple as there are a ton of unknowns such as your financial responsibility, whether you are single or married, whether you are female or male, and the likelihood of vehicle theft where you live. We will attempt to cover the things that cause high insurance rates and will hopefully give the reader a good beginning to your search for cheaper coverage.
Finding out which company has the best auto insurance rates for 4×4 vehicles calls for more time in order to find a policy that fits your budget. Every insurance company has a unique approach to establish rates, so let’s take a look at the auto insurance companies that tend to be cheaper in Albuquerque.
We do need to point out that Albuquerque, NM auto insurance rates are based on many factors which can substantially decrease or increase the price you pay. Turning one year older, buying a new vehicle, or getting a ticket for careless driving can cause premium changes that can make some companies affordable when they were higher priced.
Find Cheaper Car Insurance for 4×4’s
|Rank||Company||Cost Per Year|
|4||Farm Bureau Mutual||$1,178|
|Find Your Rate Go|
USAA may have some of the best car insurance rates in Albuquerque at around $663 annually. Allied, Safeco, Farm Bureau Mutual, and Farmers also qualify as some of the more affordable Albuquerque, NM auto insurance companies.
In this example, if you are a customer of Safeco and switched to USAA, you may see annual savings of about $351. Policyholders with Farm Bureau Mutual might save as much as $515 a year, and Farmers insureds might see rate reductions of $652 a year.
It’s important to note that these rates are averaged for all drivers and vehicles in New Mexico and do not take into consideration an exact vehicle garaging location for 4×4 vehicles. So the insurer that is best suited for you may not even be in the top 17 companies shown above. That point stresses why you need to get quotes using your own personal information and vehicle type.
For off-road vehicles, one of the more important components that help determine the amount you pay each year for auto insurance is where you choose to live in Albuquerque. More populated areas likely pay more, whereas areas with less crime or weather claims can boast about having cheaper rates.
The following table ranks the most expensive cities in New Mexico for 4×4 vehicles to purchase a policy in. Albuquerque shows up at #2 with a yearly cost of $1,375 for the average policyholder, which is around $115 monthly.
|Rank||City||Average Per Year|
|Find Cheaper Insurance Go|
Price information shown is approximated as the specific garaging location can alter price quotes greatly.
The make and model of vehicle requiring insurance is a significant factor when consumers are trying to find the lowest-priced insurance for 4×4 vehicles. Vehicles with lower acceleration and performance, advanced safety features, or a low likelihood of having liability claims will cost substantially less to insure than fast, unsafe models.
The next table estimates insurance premiums for some of the cheapest automobiles to insure.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 2WD||$1,530|
|Chevrolet Silverado LS Regular Cab 4WD||$1,643|
|Ford F-150 XL Crew Cab 4WD||$1,710|
|Honda Accord EX 4-Dr Sedan||$1,713|
|Hyundai Elantra GLS Touring Station Wagon||$1,723|
|Honda Civic DX 4-Dr Sedan||$1,735|
|Ford Escape XLT 4WD||$1,749|
|Chevrolet Equinox LT 2WD||$1,768|
|Chevrolet Silverado 3500HD LT Crew Cab 2WD||$1,929|
|Dodge Ram Crew Cab SLT 2WD||$1,932|
|Chevrolet Impala LT||$2,029|
|Toyota RAV4 Limited 4WD||$2,034|
|Dodge Grand Caravan SE||$2,057|
|Dodge Ram 3500 Mega Cab Laramie 2WD||$2,064|
|Ford Explorer Limited AWD||$2,068|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$2,099|
|Find Cheaper Rates Go|
Prices above based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Mexico minimum liability limits. Discounts applied include homeowner, multi-vehicle, multi-policy, claim-free, and safe-driver. Price estimates do not factor in your specific Albuquerque, NM location which can raise or lower insurance rates substantially.
Looking at the numbers, you can figure that models like the Honda CR-V, Chevrolet Silverado, and Ford F-150 are the more affordable vehicles to insure for off-road vehicles.
Cost of full coverage
Paying less for auto insurance is important to the majority of vehicle owners, and one common way to save on the cost of insurance for 4×4 vehicles is to not insure for full coverage. The illustration below visualizes the comparison of insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in New Mexico. The costs are based on no claims or driving violations, $250 deductibles, single status, and no discounts are applied.
If we average the cost for all age groups, physical damage insurance costs an extra $1,695 per year over and above liability coverage. That is a large expense and it proposes the question when is it a good idea to stop buying full coverage. There is no set guideline for phasing out full coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is more than 10% of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.
For example, let’s pretend your vehicle’s claim settlement value is $7,500 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most your company would pay you is $6,500 after paying your deductible. If you are paying in excess of $650 a year for your policy with full coverage, then it’s probably a good time to buy liability coverage only.
There are a few cases where removing full coverage is not advised. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not consider dropping full coverage.
Violations and accidents raise rates
The best way to obtain the most affordable auto insurance prices in New Mexico for off-road vehicles is to drive cautiously and avoid accidents and keep your driving record clean. The diagram below shows how traffic citations and accident claims raise insurance rates for different age groups. The information is based on a married female driver, full physical damage coverage, $500 deductibles, and no other discounts are factored in.
The chart shows that the average cost of a car insurance policy per year with no accidents and a clean driving record is $1,553. Receive one speeding ticket and the average cost jumps to $1,813, an increase of $260 each year. Now get one accident along with the one speeding ticket and the 12-month cost of auto insurance for 4×4 vehicles jumps again to an average of $2,542. That’s an increase of $989, or $82 per month, just for not driving responsibly!
Choosing a good quality car insurance company can be challenging considering how many companies there are to choose from in Albuquerque. The information in the lists below may help you analyze which car insurance providers you want to consider when shopping car insurance rates for 4×4 vehicles.
These ratings only include major nationwide insurance companies, so companies that have a smaller presence are not taken into consideration for these rankings. To compare price quotes and find the cheapest rates for 4×4 vehicles, click here.
Top 10 Major Car Insurance Companies in Albuquerque Ranked by Customer Satisfaction
- Titan Insurance – 95%
- USAA – 94%
- AAA Insurance – 91%
- Nationwide – 90%
- State Farm – 90%
- The Hartford – 89%
- GEICO – 89%
- Allstate – 88%
- 21st Century – 88%
- The General – 88%
Top 10 Major Car Insurance Companies in Albuquerque Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- Titan Insurance
- The Hartford
- The General
The agents below can most likely help you decide which coverages are best, since some people have coverage questions and would like to get help from a professional when trying to find lower insurance rates for 4×4 vehicles. It can be hard to find the cheapest auto insurance company, so a licensed agent can provide you satisfaction knowing your coverage gives you sufficient coverage for your assets. To locate an Albuquerque insurance agent close to you, click the link after the list or click here to compare price quotes.
- Paul Gallegos State Farm Insurance
5500 San Mateo Blvd NE #105 – Albuquerque, NM 87109 – (505) 883-2583
- Rick Buckner – State Farm Insurance Agent
9601 Sage Rd SW d – Albuquerque, NM 87121 – (505) 833-9596
- Derek Sanchez – State Farm Insurance Agent
725 San Mateo Blvd NE – Albuquerque, NM 87108 – (505) 292-3984
Ideas to find economical insurance for 4×4 vehicles
The list below details some of the better penny-pinching solutions that can help you quote cheap auto insurance.
- Improve your credit score
- Do not get tickets
- Increase your comprehensive and collision deductibles
- Prevent rate increases by staying accident-free
- The safer your car, the less it costs to insure
- Assess whether full coverage is needed
- Compare price quotes at least once a year
The last tip is certainly crucial, as was discussed in this write-up. Car insurance rates can be adjusted at any time, so don’t be tentative to buy a different policy if a lower-cost policy is available.
Staying with the same company for years is fine, but it’s not a good idea if that devotion results in you overpaying hundreds of dollars year after year. It takes less than five minutes to compare prices to find cheaper car insurance for 4×4 vehicles in Albuquerque.