The words “cheap” and “insurance” probably shouldn’t be used together, specifically when comparison shopping for the best car insurance for safe drivers. Let’s familiarize you with a few of the factors the can have a considerable influence on car insurance premiums, and see how we can help you reduce the price of the next policy you buy.
The type of vehicle you are seeking coverage for is one of the biggest factors when comparing quotes for cheap auto insurance for safe drivers. Vehicles with more horsepower, poor safety features, or an increased likelihood of liability claims will cost much more to insure than more economical and safe models. The table below ranks car insurance rates for a number of the most affordable vehicles to buy insurance for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra SE Touring Station Wagon | $1,460 |
| Ford Escape Limited 4WD | $1,466 |
| Honda CR-V EX 2WD | $1,468 |
| Honda Accord EX 4-Dr Sedan | $1,474 |
| Jeep Wrangler Sahara 4WD 2-Dr | $1,507 |
| Chevrolet Impala LS | $1,562 |
| Ford Focus S 4-Dr Sedan | $1,568 |
| Ford Fusion S 4-Dr Sedan | $1,593 |
| Chevrolet Malibu Hybrid | $1,603 |
| Ford F-150 Lariat Super Cab 2WD | $1,622 |
| Toyota Prius | $1,632 |
| Toyota Tacoma 4WD | $1,645 |
| Honda Odyssey EX-L W/Navigation | $1,679 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,703 |
| Chevrolet Equinox LTZ AWD | $1,708 |
| Toyota Corolla XRS | $1,718 |
| Dodge Grand Caravan CV | $1,711 |
| Toyota RAV4 2WD | $1,742 |
| Ford Edge SEL 2WD | $1,752 |
| Honda Civic GX 4-Dr Sedan | $1,765 |
| Start Your Quote Go | |
Data rating is based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Mexico minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Table data does not factor in your specific Albuquerque, NM location which can influence premiums noticeably.
Looking at the numbers, you can figure that models like the Hyundai Elantra, Ford Escape, and Honda CR-V are going to be the most budget-friendly vehicles to insure for good drivers.
Determining which company quotes the lowest-priced auto insurance rates for safe drivers requires a little more sweat than just comparing rates from one or two companies. Each company uses their own calculation to establish rates, so let’s take a look at the overall cheapest auto insurance companies in Albuquerque, NM.
Keep in mind that Albuquerque, NM auto insurance rates are impacted by many factors which can significantly increase or decrease the price you have to pay for coverage. Turning one year older, buying a different home, or getting a DUI can trigger rate changes that can cause some rates to be more affordable than others.
Find the Cheapest Auto Insurance for Safe Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $657 |
| 2 | Allied | $930 |
| 3 | Safeco | $1,014 |
| 4 | Farm Bureau Mutual | $1,166 |
| 5 | Farmers | $1,302 |
| 6 | The Hartford | $1,326 |
| 7 | State Farm | $1,349 |
| 8 | Central Mutual | $1,354 |
| 9 | Progressive | $1,535 |
| 10 | Travelers | $1,537 |
| 11 | MetLife | $1,594 |
| 12 | California Casualty | $1,623 |
| 13 | GEICO | $1,624 |
| 14 | Encompass | $1,643 |
| 15 | Allstate | $2,408 |
| 16 | Liberty Mutual | $2,454 |
| 17 | Sentry | $3,208 |
| Compare Rates Now Go | ||
USAA may offer some of the best car insurance rates in Albuquerque at around $657 a year. This is $911 less than the average rate paid by New Mexico drivers of $1,568. Allied, Safeco, Farm Bureau Mutual, and Farmers also qualify as some of the more affordable Albuquerque, NM auto insurance companies.
In the above example, if you are currently insured with Farm Bureau Mutual and switched to Allied, you could see yearly savings of roughly $236. New Mexico drivers with Farmers might save as much as $372 a year, and The Hartford insureds might see rate reductions of $396 a year.
To compare your rates to other New Mexico insurance companies, click here to start a quote or visit any of the low-priced companies below.
Bear in mind that those policy prices are averages for all insureds and vehicles and do not factor in an exact zip code location for safe drivers. So the car insurance company that is best for you may not even be in the top 17 companies in the list above. That emphasizes why you need to quote rates from many companies using your own driver data and vehicle information.
Ratings for Albuquerque auto insurance companies
Insuring your vehicle with the right car insurance company can be a challenge considering how many companies there are in New Mexico. The ranking data in the next section may help you decide which providers to look at when comparing rates. The rankings below include the companies with a significant amount of written premium nationwide, so companies that focus mainly on New Mexico business are not taken into consideration for the list.
| 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 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Types of discounts on Albuquerque car insurance rates
Auto insurance companies that sell policies for safe drivers may also provide rate discounts that could potentially reduce rates by 40% or more if you qualify for them. A few popular companies and some of the discounts are included below.
- State Farm may include discounts for accident-free, safe vehicle, anti-theft, defensive driving training, and Drive Safe & Save.
- GEICO discounts include air bags, five-year accident-free, seat belt use, good student, multi-policy, defensive driver, and membership and employees.
- SAFECO offers discounts including accident prevention training, drive less, anti-theft, teen safety rewards, multi-car, bundle discounts, and homeowner.
- Farmers Insurance has savings for business and professional, switch companies, youthful driver, multi-car, and bundle discounts.
- AAA may have discounts that include pay-in-full, good driver, multi-policy, education and occupation, AAA membership discount, and multi-car.
- USAA offers premium reductions for driver training, vehicle storage, loyalty savings, good student, and defensive driver.
The diagram below illustrates the difference between insurance premiums with and without discounts being applied to the rates. The information is based on a female driver, no driving violations, no at-fault accidents, New Mexico state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with defensive driving course, multiple vehicle, marriage, claim-free, multiple policy, and homeowner discounts applied. In this example, theaverage amount saved on auto insurance for safe drivers is 28% or $444.
Careless Albuquerque drivers pay higher rates
A great way to find good auto insurance premiums for good drivers is to pay attention while driving and not get tickets or have accidents. The information below shows how speeding tickets and at-fault claims can raise yearly insurance costs for different age groups of insureds. The costs are based on a single male driver, full physical damage coverage, $250 deductibles, and no additional discounts are factored in.
The chart shows that the average cost of auto insurance in Albuquerque per year with no accidents or violations is $2,262. Get written up for one speeding ticket and the average cost surges to $2,550, an increase of $288 each year. Now add two accidents along with the one speeding ticket and the yearly cost of auto insurance for safe drivers increases to an average of $5,048. That’s an increase of $2,786, or $232 per month, just for not being attentive to the road!
How to find economical auto insurance for safe drivers
It is possible to find better rates, and here are some of the better money-saving solutions that can help New Mexico drivers buy low-cost car insurance.
- Clean up your credit
- Avoid accidents and claims
- Increase physical damage deductibles
- Do not get tickets
- Safer vehicles generally have cheaper insurance rates
- Drop full coverage on older vehicles
- Look for cheaper rates once a year by shopping around
The final tip is very important, as we pointed out in the prior information. Rates fluctuate constantly, so you should be ready to switch to a new company if you find a better deal.
Brand loyalty is not necessarily bad, but it’s not a good idea if that loyalty results in overpaying a small fortune. Now is a great time to shop around and find cheaper auto insurance for safe drivers in Albuquerque.
The Albuquerque car insurance agencies listed below can aid you in deciding which insurance coverage you need, as many people would rather get some guidance when trying to find the best insurance rates for safe drivers. It can be hard to find the best coverage on your own, and getting advice from a licensed agent can give comfort knowing you have adequate protection in the event of a claim. To find an agent close to where you live, click the button link following the list.
- Jesse Dompreh – State Farm Insurance Agent
5850 Eubank NE, Ste B34 – Albuquerque, NM 87111 – (505) 294-4422 - Lorraine Y Chavez Insurance Agency, Inc.
8224 Louisiana Blvd NE – Albuquerque, NM 87113 – (505) 821-7123 - Allstate Insurance: Valerie Muldez
8101 San Pedro Dr NE, Ste C1 – Albuquerque, NM 87113 – (505) 881-5056 - State Farm: Nancy Berch
2716 San Pedro Dr NE – Albuquerque, NM 87110 – (505) 881-1008