Who Has the Cheapest Albuquerque Auto Insurance Rates for Infrequent Drivers?

For low mileage drivers, one of the more important things that are used to help calculate car insurance rates is where you call home. Regions with larger populations or more claims will most likely pay more, whereas more rural areas tend to receive cheaper rates.

The illustration below lists the most expensive areas in New Mexico for infrequent drivers to buy an auto insurance policy in. Albuquerque shows up at #2 with an annual rate of $1,375 on average, which is about $115 each month.

Car insurance prices in Albuquerque
Rank City Annual Rate
1 South Valley $1,377
2 Albuquerque $1,375
3 North Valley $1,329
4 Santa Fe $1,316
5 Hobbs $1,296
6 Los Lunas $1,289
7 Rio Rancho $1,282
8 Artesia $1,278
9 Espanola $1,260
10 Los Alamos $1,256
11 Roswell $1,186
12 Farmington $1,183
13 Clovis $1,180
14 Carlsbad $1,177
15 Gallup $1,176
16 Lovington $1,159
17 Portales $1,151
18 Las Vegas $1,149
19 Deming $1,143
20 Anthony $1,109
21 Las Cruces $1,098
22 Silver City $1,085
23 Alamogordo $1,073
24 Chaparral $1,070
25 Sunland Park $1,065
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Premium amounts are comparative as the specific zip code location can decrease or increase premiums greatly.

The type of vehicle that is being insured is a significant factor when shopping around for affordable car insurance for infrequent drivers. Vehicles with lower acceleration and performance, a plethora of safety features, or a track record of few liability claims will cost much less to insure than higher performance models. The next list presents car insurance prices for a handful of the most economical vehicles to insure in New Mexico.

Cheapest Vehicles to Insure in Albuquerque, NM
Vehicle Insured Estimated Cost for Full Coverage
Honda Accord LX-P 4-Dr Sedan $1,424
Ford Escape XLS 2WD $1,431
Honda CR-V EX-L 2WD $1,457
Toyota Prius $1,577
Ford Edge SE AWD $1,650
Chevrolet Impala LS $1,657
Chevrolet Malibu Hybrid $1,682
Dodge Grand Caravan Crew $1,715
Hyundai Elantra SE Touring Station Wagon $1,736
Volkswagen Jetta S 2.5 Station Wagon $1,746
Toyota Corolla XLE $1,774
Honda Odyssey EX-L $1,783
Ford F-150 STX Super Cab 4WD $1,779
Ford Fusion Sport 4-Dr Sedan $1,806
Nissan Altima 3.5 SR 4-Dr Sedan $1,814
Toyota Tacoma 2WD $1,809
Jeep Wrangler Unlimited Sahara 4WD 4-Dr $1,825
Hyundai Sonata SE 4-Dr Sedan $1,895
Chevrolet Equinox LS 2WD $1,905
Toyota RAV4 Sport 2WD $1,895
Ford F-250 XLT Super Cab 2WD $1,927
Ford Explorer Limited AWD $1,938
Dodge Ram Crew Cab TRX 4WD $1,959
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Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Mexico minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Price information does not factor in specific zip code location which can influence rates substantially.

Looking at the data, we can assume that cars like the Honda Accord, Ford Escape, Honda CR-V, and Toyota Prius are most likely to be a few of the less-costly vehicles to insure for low mileage drivers.

Trying to find affordable insurance is difficult, and deciding which insurers offer the lowest-priced car insurance rates for infrequent drivers takes even more diligence. Every insurance provider uses their own calculation to set policy rates, so let’s begin by examining the car insurance companies with the overall cheapest rates in Albuquerque, NM.

It’s important that you understand Albuquerque, NM car insurance rates are influenced by many factors which can substantially decrease or increase the policy price. Events like turning one year older, buying a different vehicle, or getting a speeding ticket can trigger rate changes that can cause some rates to be more expensive than competitors.

Find the Cheapest Car Insurance in New Mexico

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Who has the cheapest car insurance in New Mexico?
Rank Company Cost Per Year
1 USAA $663
2 Allied $930
3 Safeco $984
4 Farm Bureau Mutual $1,166
5 Farmers $1,302
6 State Farm $1,310
7 The Hartford $1,312
8 Central Mutual $1,354
9 Progressive $1,505
10 Travelers $1,522
11 California Casualty $1,575
12 MetLife $1,594
13 GEICO $1,640
14 Encompass $1,694
15 Allstate $2,314
16 Liberty Mutual $2,554
17 Sentry $3,176
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USAA has some of the cheapest car insurance rates in Albuquerque at around $663 a year. This is $905 less than the average policy premium paid by New Mexico drivers of $1,568. Allied, Safeco, Farm Bureau Mutual, and Farmers also rank well as some of the more affordable Albuquerque, NM insurance companies.

As shown above, if you are currently insured with Farm Bureau Mutual and switched to USAA, you might achieve a yearly price reduction of in the neighborhood of $503. Customers with Farmers could save as much as $639 a year, and State Farm customers might reduce prices by as much as $647 a year.

To see how much you can save, click here to get a free quote or quote prices from the following companies.

Be aware that those premium estimates are averaged for all insureds and vehicles and do not factor in a specific location for infrequent drivers. So the auto insurance company that is most affordable for your situation may not even be in the top 17 companies shown above. That point stresses why you need to compare rates from as many companies as possible using your own personalized driver profile and vehicle information.

Discounts on Albuquerque insurance rates

Cheaper Albuquerque, NM car insurance for low mileage driversCar insurance companies that offer cheap quotes for infrequent drivers may also provide discounts that can lower rates by 35% or more if you meet the requirements. A list of companies and some of the discounts can be read below.

The information below shows the difference between auto insurance costs with and without discounts applied to the rates. The premium estimates are based on a male driver, no accidents or driving violations, New Mexico state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with multiple policy, safe-driver, accident-free, claim-free, defensive driving course, and anti-theft discounts applied. When drivers take advantage of discounts, the average amount saved each year on car insurance for infrequent drivers is 28% or $421.

How careless driving impacts car insurance rates

The easiest method to score the most affordable car insurance prices for low mileage drivers is to pay attention while driving and avoid traffic citations and accidents. The information below highlights how traffic violations and at-fault fender-benders influence insurance prices for each age group. The information is based on a single male driver, full coverage, $100 deductibles, and no policy discounts are applied.

In the example above, the average cost of car insurance in Albuquerque per year with no accidents and a clean driving record is $1,849. Receive one speeding ticket and the average cost hikes up to $2,081, an increase of $232 each year. Then include two accidents along with the one speeding ticket and the annual cost of car insurance for infrequent drivers increases to an average of $4,036. That’s an increase of $2,187, or $182 per month, just for a couple of infractions!

A good deal can quickly turn bad

Albuquerque, NM car insurance rates are impacted by many things that control the price of coverage. Turning one year older, getting married, or getting a DUI can trigger changes in premium that can cause some rates to be more affordable than before.

Also, companies change rates multiple times each year in order to protect their financial rating. An extended period of higher than normal claims may cause rate increases, while lower claim expenses can cause lower-priced Albuquerque car insurance rates.

To illustrate this point, the data below compares the cheapest car insurance in Albuquerque, NM for a 35-year-old male driver with a clear driving record, no claims, and solid credit. If we compare prices based on his personal profile, USAA may have the best car insurance rates in Albuquerque at $918 per year. This is $650 less than the average price 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.

Now we will give the driver in the first example an at-fault accident, bad credit, and a traffic ticket or two. Since every insurance provider has their own unique process for establishing rates, analyzing rate quotes may now show a different set of affordable companies as shown below.

USAA now has the lowest price on auto insurance in Albuquerque, NM with Allied, The Hartford, Central Mutual, and Safeco completing the list. This demonstrates why consumers need to shop around with many companies when trying to find the most budget-friendly car insurance quotes for infrequent drivers.

Auto insurance prices can be determined by many risk factors and can decrease or increase without notice, so the most economical company the last time you shopped your coverage around may now be quite expensive.