Who Has the Cheapest Car Insurance Quotes for Safe Drivers in Albuquerque?

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.

Cheapest Vehicles to Insure in Albuquerque, NM
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
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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

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Cheapest insurance companies in New Mexico
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
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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.

Top 15 Auto Insurance Companies for Safe Drivers in Albuquerque, NM
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
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Data Source: Insure.com Best Car Insurance Companies

Types of discounts on Albuquerque car insurance rates

Cheaper Albuquerque, NM auto insurance for good driversAuto 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.

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.

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.

View map of Albuquerque, NM insurance agents