Cheap Insurance for a Honda Civic in Albuquerque

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Insurance rates Honda Civic in AlbuquerqueIf saving money is your primary concern, then the best way to get discount Honda Civic insurance in Albuquerque is to do a yearly price comparison from insurers who provide auto insurance in New Mexico.

  • First, gain an understanding of how companies set rates and the measures you can control to prevent rate increases. Many factors that cause rate increases such as speeding tickets, careless driving and your credit history can be amended by being financially responsible and driving safely. This article provides additional tips to help keep rates affordable and get additional discounts that may be available.
  • Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can provide rates from a single company like GEICO or State Farm, while agents who are independent can quote rates for a wide range of insurance providers. Get quotes now
  • Third, compare the new rate quotes to your existing coverage to see if cheaper Civic coverage is available in Albuquerque. If you find a better price and buy the policy, make sure coverage is continuous and does not lapse.
  • Fourth, provide notification to your current company of your decision to cancel your current car insurance policy and submit payment along with a signed and completed policy application for the new policy. As soon as you receive it, keep your new certificate verifying coverage with your registration paperwork.

A good piece of advice is to try to compare the same liability limits and deductibles on each price quote and to quote with as many auto insurance providers as possible. This guarantees an accurate price comparison and maximum price selection.

Amazingly, a large majority of consumers have remained with the same car insurance company for at least four years, and just under half have never even shopped around for cheap coverage. New Mexico consumers can save hundreds of dollars each year just by shopping around, but most just don't grasp the big savings they would realize if they switched.

Auto insurance providers offering low-cost price quotes in New Mexico

The following companies offer free rate quotes in Albuquerque, NM. If you wish to find cheaper car insurance in Albuquerque, NM, we suggest you compare several of them to find the most affordable auto insurance rates.

Rates and detailed analysis

The premium table displayed next highlights a range of policy rates for Honda Civic models. Knowing how policy rates are determined is important for you to make smart choices when purchasing an insurance policy.

Honda Civic Insurance Rates in Albuquerque, NM
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Civic DX 4-Dr Sedan $220 $460 $332 $20 $100 $1,132 $94
Civic VP 4-Dr Sedan $220 $542 $332 $20 $100 $1,214 $101
Civic LX 4-Dr Sedan $220 $542 $332 $20 $100 $1,214 $101
Civic DX 2-Dr Coupe $220 $542 $414 $24 $124 $1,324 $110
Civic EX 4-Dr Sedan $220 $542 $332 $20 $100 $1,214 $101
Civic LX-S 4-Dr Sedan $220 $542 $332 $20 $100 $1,214 $101
Civic LX 2-Dr Coupe $220 $624 $414 $24 $124 $1,406 $117
Civic EX-L 4-Dr Sedan $252 $624 $332 $20 $100 $1,328 $111
Civic SI 4-Dr Sedan $252 $624 $332 $20 $100 $1,328 $111
Civic EX 2-Dr Coupe $252 $624 $414 $24 $124 $1,438 $120
Civic GX 4-Dr Sedan $252 $624 $332 $20 $100 $1,328 $111
Civic EX-L 2-Dr Coupe $252 $624 $414 $24 $124 $1,438 $120
Civic Hybrid 4-Dr Sedan $284 $542 $332 $20 $100 $1,278 $107
Civic SI 2-Dr Coupe $284 $708 $414 $24 $124 $1,554 $130
Get Your Own Custom Quote Go

Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and New Mexico minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Table data does not factor in specific garaging location which can influence premiums substantially.

Analysis of deductible levels

A question often asked by Albuquerque drivers is where should you set your physical damage deductibles. The tables below help summarize how much more rates are when you buy lower versus higher policy deductibles. The first set of prices uses a $250 physical damage coverage deductible and the second set of rates uses a $1,000 deductible.

Honda Civic insurance prices with $250 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Civic DX 4-Dr Sedan $216 $420 $322 $20 $96 $1,099 $92
Civic VP 4-Dr Sedan $216 $494 $322 $20 $96 $1,173 $98
Civic LX 4-Dr Sedan $216 $494 $322 $20 $96 $1,173 $98
Civic DX 2-Dr Coupe $216 $494 $402 $24 $120 $1,281 $107
Civic EX 4-Dr Sedan $216 $494 $322 $20 $96 $1,173 $98
Civic LX-S 4-Dr Sedan $216 $494 $322 $20 $96 $1,173 $98
Civic LX 2-Dr Coupe $216 $570 $402 $24 $120 $1,357 $113
Civic EX-L 4-Dr Sedan $248 $570 $322 $20 $96 $1,281 $107
Civic SI 4-Dr Sedan $248 $570 $322 $20 $96 $1,281 $107
Civic EX 2-Dr Coupe $248 $570 $402 $24 $120 $1,389 $116
Civic GX 4-Dr Sedan $248 $570 $322 $20 $96 $1,281 $107
Civic EX-L 2-Dr Coupe $248 $570 $402 $24 $120 $1,389 $116
Civic Hybrid 4-Dr Sedan $280 $494 $322 $20 $96 $1,237 $103
Civic SI 2-Dr Coupe $280 $644 $402 $24 $120 $1,495 $125
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Honda Civic insurance prices with $1,000 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Civic DX 4-Dr Sedan $134 $264 $322 $20 $96 $836 $70
Civic VP 4-Dr Sedan $134 $310 $322 $20 $96 $882 $74
Civic LX 4-Dr Sedan $134 $310 $322 $20 $96 $882 $74
Civic DX 2-Dr Coupe $134 $310 $402 $24 $120 $990 $83
Civic EX 4-Dr Sedan $134 $310 $322 $20 $96 $882 $74
Civic LX-S 4-Dr Sedan $134 $310 $322 $20 $96 $882 $74
Civic LX 2-Dr Coupe $134 $358 $402 $24 $120 $1,038 $87
Civic EX-L 4-Dr Sedan $154 $358 $322 $20 $96 $950 $79
Civic SI 4-Dr Sedan $154 $358 $322 $20 $96 $950 $79
Civic EX 2-Dr Coupe $154 $358 $402 $24 $120 $1,058 $88
Civic GX 4-Dr Sedan $154 $358 $322 $20 $96 $950 $79
Civic EX-L 2-Dr Coupe $154 $358 $402 $24 $120 $1,058 $88
Civic Hybrid 4-Dr Sedan $174 $310 $322 $20 $96 $922 $77
Civic SI 2-Dr Coupe $174 $406 $402 $24 $120 $1,126 $94
Get Your Own Custom Quote Go

Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Mexico minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Table data does not factor in specific zip code location which can affect premiums noticeably.

Based on this data, we can arrive at the conclusion that using a $250 deductible will cost you about $26 more each month or $312 for a full year than buying the higher $1,000 deductible. Since you would have to pay $750 more out-of-pocket with a $1,000 deductible as compared to a $250 deductible, if you tend to go at a minimum 29 months between claim filings, you would save more money if you choose a higher deductible.

The illustration below demonstrates how choosing different deductibles and can impact Honda Civic insurance costs for different age groups. Data assumes a married male driver, full physical damage coverage, and no discounts are applied.

Impact of citations and accidents on Albuquerque insurance rates

The illustration below highlights how traffic violations and accident claims increase Honda Civic insurance prices for different ages of insureds. The prices are based on a single female driver, full coverage, $250 deductibles, and no discounts are taken into consideration.

Honda Civic liability rates compared to full coverage

The example below visualizes the comparison of Honda Civic premium costs with liability coverage only compared to full coverage. The costs are based on no claims or violations, $250 deductibles, drivers are single, and no discounts are applied.

When to drop comprehensive and collision

There is no exact rule of when to stop paying for physical damage coverage on your policy, but there is a broad guideline. If the annual cost of having full coverage is more than 10% of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let's pretend your Honda Civic claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, you would only receive $2,000 after the policy deductible has been paid. If you are paying in excess of $200 annually for physical damage coverage, then you may need to consider dropping full coverage.

There are some circumstances where removing full coverage is not recommended. If you still owe money on your vehicle, you have to keep full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should keep full coverage on your policy.

Discount Albuquerque car insurance rates

Some insurance providers don't always publicize every discount available very clearly, so the list below details some of the more common and also the more inconspicuous credits available to lower your premiums when you buy Albuquerque car insurance online.

  • Braking Control Discount - Anti-lock brake equipped vehicles have fewer accidents and earn discounts up to 10%.
  • Bundled Policy Discount - When you have multiple policies with the same company you could save as much as 10 to 15 percent.
  • Multiple Cars - Drivers who insure multiple cars with the same company can reduce rates for all insured vehicles.
  • Claim Free - Albuquerque drivers who stay claim-free have much lower rates compared to frequent claim filers.
  • Active Service Discounts - Being deployed in the military may qualify for rate reductions.
  • Anti-theft Discount - Cars with anti-theft systems are stolen less frequently and can earn a small discount on your policy.
  • Driving Data Discount - Drivers who elect to allow companies to track driving patterns by using a small device installed in their vehicle such as Progressive's Snapshot and State Farm's In-Drive might see lower rates as long as the data is positive.
  • Albuquerque Homeowners Discount - Just owning your own home can save you money because it requires a higher level of personal finance.
  • Distant Student - Children who live away from home to go to college without a vehicle on campus may be able to be covered for less.

You can save money using discounts, but most of the big mark downs will not be given to the entire cost. Some only apply to the cost of specific coverages such as collision or personal injury protection. Even though it may seem like you would end up receiving a 100% discount, car insurance companies aren't that generous. But any discount should help lower your premiums.

The diagram below visualizes the comparison of Honda Civic auto insurance costs with and without discounts applied to the premium. The rate quotes are based on a male driver, no violations or 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 multi-car, safe-driver, homeowner, marriage, claim-free, and multi-policy discounts applied.

Popular car insurance companies and some of the discounts are:

  • Progressive may include discounts for continuous coverage, multi-policy, online quote discount, online signing, good student, multi-vehicle, and homeowner.
  • SAFECO has savings for bundle discounts, anti-theft, teen safe driver, drive less, accident prevention training, homeowner, and safe driver.
  • American Family has discounts for defensive driver, TimeAway discount, bundled insurance, mySafetyValet, multi-vehicle, good driver, and good student.
  • MetLife offers premium reductions for good student, accident-free, claim-free, defensive driver, and multi-policy.
  • GEICO includes discounts for multi-vehicle, driver training, anti-theft, air bags, federal employee, multi-policy, and seat belt use.
  • The Hartford policyholders can earn discounts including driver training, anti-theft, vehicle fuel type, good student, bundle, and air bag.

If you need low cost Albuquerque car insurance quotes, ask every prospective company how many discounts you can get. Some discounts might not be offered everywhere. If you would like to choose from a list of companies that provide some of the discounts listed above in New Mexico, click this link.

Can't I compare rate quotes from local Albuquerque insurance agents?

Some people just want to buy from a licensed agent and that can be a great decision Professional agents can help you choose the best coverages and help in the event of a claim. One of the benefits of comparing rates online is you may find the lowest rates and still have a local agent.

Albuquerque insurance agentsTo help locate an agent, after submitting this form (opens in new window), your insurance coverage information is submitted to local insurance agents that can provide free Albuquerque car insurance quotes to get your business. There is no reason to contact any agents because quoted prices will be sent to your email. If you wish to compare rates from one company in particular, you can always search and find their rate quote page and fill out their quote form.

Selecting a insurance company should include more criteria than just a cheap price. Before buying a policy in Albuquerque, get answers to these questions.

  • Is there a local claims center in Albuquerque?
  • How much can you save by raising your physical damage deductibles?
  • Are all drivers listed on the coverage quote?
  • Which insurance companies are they affiliated with?
  • How are claims handled?
  • Where would your vehicle be repaired?
  • Does the agent have a valid license to sell insurance in New Mexico?
  • Are they able to influence company decisions when a claim is filed?

Types of auto insurance agents in Albuquerque

If you are wanting to find a local agent, there are two different agency structures and how they can write your policy. Car insurance agents may be either independent (non-exclusive) or exclusive. Either type can sell car insurance policies, but it's good to learn how they differ since it may influence buying decisions.

Exclusive Insurance Agencies

These agents can only provide one company's prices like AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot provide other company's prices so they really need to provide good service. These agents are usually well trained on their company's products which can be an advantage. Some insured continue to buy from the same agent for years partially due to the brand legacy rather than having low rates.

Shown below is a short list of exclusive insurance agencies in Albuquerque that are able to give price quotes.

More insurance agents

Independent Agents (or Brokers)

Independent agents are appointed with more than one company so they can write business with an assortment of companies and find you the best rates. If your premiums go up, your agent can just switch to a different company and you don't have to do anything.

When comparing rate quotes, you will want to contact several independent agencies to have the best price comparison. A lot of them also have access to smaller companies which can be an advantage.

Below are Albuquerque independent insurance agents who can help you get rate quotes.

More insurance agents

In conclusion

Budget-conscious Honda Civic insurance is available both online and also from your neighborhood Albuquerque agents, and you need to price shop both to have the best rate selection. Some insurance providers do not provide the ability to get a quote online and most of the time these regional carriers only sell through local independent agents.

Throughout this article, we presented a lot of information how to compare Honda Civic insurance rates in Albuquerque. The key concept to understand is the more companies you get auto insurance rates for, the higher your chance of finding the cheapest Honda Civic rate quotes. Drivers may even discover the best rates are with the least-expected company.

Consumers who switch companies do it for a variety of reasons including being labeled a high risk driver, high prices, policy non-renewal and poor customer service. Regardless of your reason for switching companies, choosing a new insurance company can be easier than you think.

More detailed car insurance information can be read in these articles: