Who Has the Cheapest Albuquerque Auto Insurance for a Ford F-150?

Finding competitive coverage for a Ford F-150 in New Mexico is dependent upon many rating criteria such as whether you are married, where your vehicle is garaged, and any prior driving offenses you have. New Mexico drivers pay on average $1,449 each year to insure their F-150, but that amount is an estimate based upon a 30-year-old single female driver with full comprehensive and collision coverage and $100 deductibles.

When estimating a car insurance rate like we just did, the issue is that you’re not a 30-year-old female, possibly married instead of single, or maybe you just want different deductibles. Even a slight difference in rating variables or coverage information could end up with a large change in the policy rate.

Not everyone needs the same coverages, so the best way to find the cheapest rates for your Ford is to just compare rates yourself.

Insure Your Ford for Less

Your vehicle’s trim level will influence the yearly cost, so the price you pay to insure a F-150 XL Regular Cab 2WD trim level will be $448 less than the cost to insure the more well-appointed F-150 Lariat Crew Cab Platinum 4WD version, as demonstrated by the prices below.

Ford F-150 Insurance Rates in Albuquerque, NM
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
F-150 XL Regular Cab 2WD $268 $396 $434 $26 $130 $1,254 $105
F-150 STX Regular Cab 2WD $268 $506 $434 $26 $130 $1,364 $114
F-150 XL Super Cab 2WD $268 $506 $434 $26 $130 $1,364 $114
F-150 XLT Regular Cab 2WD $268 $506 $434 $26 $130 $1,364 $114
F-150 STX Super Cab 2WD $268 $506 $434 $26 $130 $1,364 $114
F-150 XL Crew Cab 2WD $308 $506 $434 $26 $130 $1,404 $117
F-150 XLT Super Cab 2WD $308 $506 $434 $26 $130 $1,404 $117
F-150 STX Regular Cab 4WD $308 $506 $434 $26 $130 $1,404 $117
F-150 XL Regular Cab 4WD $308 $506 $434 $26 $130 $1,404 $117
F-150 FX2 Super Cab 2WD $308 $506 $434 $26 $130 $1,404 $117
F-150 XLT Crew Cab 2WD $308 $506 $434 $26 $130 $1,404 $117
F-150 XL Super Cab 4WD $308 $506 $434 $26 $130 $1,404 $117
F-150 XLT Regular Cab 4WD $308 $506 $434 $26 $130 $1,404 $117
F-150 XL Crew Cab 4WD $348 $506 $434 $26 $130 $1,444 $120
F-150 STX Super Cab 4WD $348 $506 $434 $26 $130 $1,444 $120
F-150 XLT Super Cab 4WD $348 $506 $434 $26 $130 $1,444 $120
F-150 FX2 2WD $348 $616 $434 $26 $130 $1,554 $130
F-150 Lariat Super Cab 2WD $348 $616 $434 $26 $130 $1,554 $130
F-150 Lariat Crew Cab 2WD $348 $616 $434 $26 $130 $1,554 $130
F-150 FX4 Super Cab 4WD $348 $616 $434 $26 $130 $1,554 $130
F-150 XLT Crew Cab 4WD $348 $616 $434 $26 $130 $1,554 $130
F-150 FX4 4WD $348 $616 $434 $26 $130 $1,554 $130
F-150 Lariat Crew Cab 4WD $348 $616 $434 $26 $130 $1,554 $130
F-150 SVT Raptor Super Cab 4WD $348 $616 $434 $26 $130 $1,554 $130
F-150 Lariat Super Cab 4WD $348 $616 $434 $26 $130 $1,554 $130
F-150 Lariat Crew Cab Platinum 2WD $348 $726 $434 $26 $130 $1,664 $139
F-150 Lariat Crew Cab Harley 2WD $348 $726 $434 $26 $130 $1,664 $139
F-150 Lariat King Ranch 2WD $348 $726 $434 $26 $130 $1,664 $139
F-150 Lariat King Ranch 4WD $386 $726 $434 $26 $130 $1,702 $142
F-150 Lariat Crew Cab Harley 4WD $386 $726 $434 $26 $130 $1,702 $142
F-150 Lariat Crew Cab Platinum 4WD $386 $726 $434 $26 $130 $1,702 $142
Get Your Own Custom Quote Go

Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and New Mexico minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Premium costs do not factor in specific garaging location which can raise or lower prices noticeably.

Establishing which company offers the best insurance rates for a Ford F-150 will involve more work in order to find the lowest price quote.

Each auto insurance company used slightly different criteria for determining rates, so we’ll go over the most budget-friendly insurance companies in Albuquerque. Keep in mind that New Mexico insurance rates are based on many factors that may substantially change the price of your policy. Turning one year older, buying a home, or getting a ticket for careless driving can trigger changes in premium that can cause some rates to be cheaper than before.

Best Auto Insurance Prices for your F-150

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Cheapest auto insurance in New Mexico ranked by cost per year
Rank Company Cost Per Year
1 USAA $677
2 Allied $930
3 Safeco $974
4 Farm Bureau Mutual $1,166
5 Farmers $1,263
6 The Hartford $1,312
7 State Farm $1,349
8 Central Mutual $1,368
9 Progressive $1,535
10 Travelers $1,569
11 MetLife $1,578
12 California Casualty $1,639
13 GEICO $1,640
14 Encompass $1,643
15 Allstate $2,385
16 Liberty Mutual $2,454
17 Sentry $3,208
Get Personalized Rates Go

USAA quotes some of the most affordable car insurance rates in Albuquerque at around $677 each year. Allied, Safeco, Farm Bureau Mutual, and Farmers would also make the list of some of the best Albuquerque, NM car insurance companies.

In the above rates, if you are a customer of Safeco and switched to USAA, you might see savings of roughly $297. New Mexico drivers with Farm Bureau Mutual might save as much as $489 a year, and Farmers policyholders might reduce prices by as much as $586 a year.

To see if your current coverage is too expensive, click here to get a free quote or click through to the companies below.

Remember that these policy rates are averages for all insureds and vehicles and and are not calculated with an exact vehicle garaging location for a Ford F-150. So the company that has the cheapest price for you may not even be in the top 17 companies in the list above. That underscores the importance of why you need to get rate quotes using your own specific driver information and vehicle.

Full coverage versus liability only rates

Finding the cheapest insurance is important to most people, and an easy way to find cheap insurance for a Ford F-150 is to not buy comprehensive and collision coverage. The illustration below compares insurance premiums with full physical damage coverage compared to only buying liability only. Data assumes a clean driving record, no claims, $1,000 deductibles, single marital status, and no policy discounts are applied.

If averaged out across all ages, comprehensive and collision coverage on your policy costs $1,490 per year over and above liability coverage. That is a big expense that brings up the question when is it safe to stop buying full coverage. There is no specific rule for dropping comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is more than 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

For example, let’s pretend your vehicle’s replacement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is totaled in an accident, the most you would receive is $7,000 after paying the physical damage deductible. If premium cost is more than $700 a year for physical damage coverage, the it may be a good time to stop paying for full coverage.

The example below shows how choosing a deductible can affect insurance prices when getting quotes for cheap insurance for a Ford F-150. The price estimates are based on a married female driver, full physical damage coverage, and no discounts are factored in.

As shown above, a 30-year-old driver could lower rates by $278 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $422 by selecting a $1,000 deductible. Even younger insureds, like the 20-year-old category, could lower their rates $596 or more just by choosing higher deductibles.

If you do raise deductibles, it is important to have enough in a savings account to allow you to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.

If you have questions and prefer to have a little guidance when shopping around for cheaper insurance for a F-150 pickup, the agencies below are a good start to help you make a decision which insurance coverage will be best for you. To find an agent by location nearest to you, click the button at the bottom of the list or click here to compare price quotes.

More Albuquerque, NM insurance agents

How to find economical auto insurance for a Ford F-150

The list below summarizes some thrifty solutions that can help drivers get lower-cost coverage.

That last piece of advice is very necessary, as we noted in this piece. Insurance prices can change in a short period of time, so don’t be tentative to buy a policy from a new company if you can save money. Being loyal to a particular company is commendable, but is isn’t recommended if that devotion results in you overpaying thousands of dollars over the life of your policy. Now is a great time to compare rates and find cheaper auto insurance for a Ford F-150 in Albuquerque.