If you want to find the absolute lowest rates, then the best way to find affordable Buick Regal insurance in Albuquerque is to start comparing prices regularly from companies who can sell car insurance in New Mexico. Price quotes can be compared by following these steps.
- Spend some time learning about how auto insurance works and the measures you can control to drop your rates. Many risk factors that drive up the price such as traffic citations, accidents, and a negative credit rating can be remedied by paying attention to minor details. This article gives ideas to get low prices and find available discounts that you may qualify for.
- Request price quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only give rate quotes from one company like Progressive and State Farm, while agents who are independent can provide prices for many different companies. Find an Albuquerque insurance agent
- Compare the new rate quotes to your current policy premium to see if a cheaper price is available in Albuquerque. If you find a lower rate and decide to switch, make sure there is no lapse in coverage.
- Give notification to your agent or company of your intention to cancel your current auto insurance policy. Submit a down payment along with a signed application to your new agent or company. As soon as you can, safely store the certificate verifying proof of insurance in an easily accessible location in your vehicle.
A good tip to remember is to make sure you’re comparing the same coverage limits and deductibles on every price quote and to quote with every company you can. Doing this helps ensure a level playing field and a good representation of prices.
It’s well known that auto insurance companies don’t want you comparing rates. Consumers who shop around at least once a year are inclined to move their business because of the good chance of finding a policy with more affordable rates. Surprisingly, a recent survey revealed that consumers who routinely shopped around saved an average of $3,400 over four years compared to people who never shopped for cheaper rates.
If finding the most affordable auto insurance in Albuquerque is your objective, knowing how to find companies and compare insurance can save money and time.
Car insurance providers offering affordable rates in New Mexico
The companies shown below are our best choices to provide comparison quotes in Albuquerque, NM. If you wish to find cheap car insurance in Albuquerque, we suggest you get rates from several of them in order to get a fair rate comparison.
Do you qualify for discounts on Buick Regal insurance in Albuquerque?
Companies offering auto insurance don’t always publicize their entire list of discounts in a way that’s easy to find, so the list below contains a few of the more well known and the harder-to-find credits available to you.
- Active Military Service – Having a deployed family member could mean lower rates.
- 55 and Retired – If you qualify as a senior citizen, you may receive better auto insurance rates.
- Early Payment Discounts – If you can afford to pay the entire bill instead of making monthly payments you can avoid monthly service charges.
- Discounts for New Vehicles – Buying coverage on a new vehicle can cost up to 25% less because newer models have to meet stringent safety requirements.
- Save with More Vehicles Insured – Buying a policy with multiple cars or trucks on a single policy could earn a price break for each car.
As is typical with insurance, most discounts do not apply to the entire policy premium. Some only apply to the cost of specific coverages such as liability and collision coverage. Even though the math looks like you can get free auto insurance, company stockholders wouldn’t be very happy.
A few popular companies and the discounts they provide are shown below.
- State Farm may offer discounts for passive restraint, driver’s education, good driver, anti-theft, and multiple policy.
- Farmers Insurance includes discounts for teen driver, homeowner, early shopping, youthful driver, and bundle discounts.
- Progressive may have discounts that include online signing, good student, online quote discount, homeowner, continuous coverage, and multi-vehicle.
- GEICO offers discounts for good student, daytime running lights, military active duty, air bags, membership and employees, driver training, and anti-lock brakes.
- Auto-Owners Insurance discounts include group or association, multiple vehicles, safe vehicle, company car, and multi-policy.
- The Hartford has discounts for anti-theft, air bag, defensive driver, bundle, vehicle fuel type, and driver training.
- Farm Bureau offers premium reductions for multi-policy, 55 and retired, good student, safe driver, and multi-vehicle.
- USAA has savings for new vehicle, annual mileage, driver training, multi-policy, defensive driver, vehicle storage, and multi-vehicle.
It’s a good idea to ask all companies you are considering which discounts they offer. Some of the earlier mentioned discounts might not be offered in every state. To locate insurance companies that offer some of these discounts in New Mexico, follow this link.
Exclusive versus independent auto insurance agents
Many drivers still like to have an agent’s advice and there is nothing wrong with that. Good agents are highly skilled in risk management and give you someone to call. A nice benefit of comparing insurance online is you can get cheap rate quotes and still buy from a local agent. Buying insurance from neighborhood insurance agencies is still important in Albuquerque.
To help locate an agent, after submitting this simple form, the quote information is sent to local insurance agents that can give you free Albuquerque car insurance quotes for your insurance coverage. You never need to leave your house since price quotes are sent directly to your email. If you wish to get a comparison quote from a specific insurance company, feel free to visit that company’s website and complete a quote there.
Exclusive and independent Albuquerque car insurance agents
If you need to find a good Albuquerque insurance agent, it’s important to understand the different agency structures that you can choose from. Insurance agents can be classified as either independent agents or exclusive agents. Either can handle insurance, but it’s important to know the difference between them since it can affect the selection process.
Agents in the independent channel often have many company appointments and that is an advantage because they can write policies amongst many companies depending on which coverage is best. If your premiums go up, the business is moved internally which makes it simple for you. When comparison shopping, we recommend you get several quotes from at a minimum one independent agency for the best price selection. Many write coverage with different regional companies who may have lower rates.
Featured below are independent agencies in Albuquerque that can possibly get you price quotes.
- Sunset Insurance Corporation
1905 San Mateo Blvd NE – Albuquerque, NM 87110 – (505) 247-2578 – View Map
- Menicucci Insurance Llc
2116 Vista Oeste NW Bldg 5 – Albuquerque, NM 87120 – (505) 883-3683 – View Map
- Webster Insurance Agency Inc
1201 Eubank Blvd Suite 3 – Albuquerque, NM 87112 – (505) 294-1497 – View Map
Exclusive agencies have only one company to place business with and some examples include American Family, State Farm, and AAA. These agents are not able to provide rate quotes from other companies so if the price isn’t competitive there isn’t much they can do. They are very knowledgeable on the products they sell and that can be a competitive advantage. Drivers often buy insurance from these agents mostly because of high brand loyalty rather than low rates.
The following are Albuquerque exclusive agents who can help you get rate quotes.
- Judy Alba – State Farm Insurance Agent
2920 Carlisle NE, Bldg B – Albuquerque, NM 87110 – (505) 884-5121 – View Map
- Ron Pino – State Farm Insurance Agent
4250 Coors Blvd SW a – Albuquerque, NM 87121 – (505) 877-1391 – View Map
- Steve Kunkle – State Farm Insurance Agent
1336 Wyoming Blvd NE – Albuquerque, NM 87112 – (505) 292-5940 – View Map
Choosing an insurance agency shouldn’t rely on just a cheap price. Here are some questions you should ask.
- Is the agent properly licensed in New Mexico?
- How many years have they been established?
- Which members of your family are coverage by the policy?
- Do they get paid more for recommending certain coverages?
- How experienced are they in personal risk management?
Understanding the coverages of your policy aids in choosing the right coverages at the best deductibles and correct limits. The coverage terms in a policy can be confusing and coverage can change by endorsement.
Collision – Collision insurance will pay to fix damage to your Regal resulting from a collision with another car or object. You have to pay a deductible then your collision coverage will kick in.
Collision coverage protects against things such as sideswiping another vehicle, damaging your car on a curb, crashing into a ditch, crashing into a building and scraping a guard rail. This coverage can be expensive, so consider removing coverage from vehicles that are older. It’s also possible to choose a higher deductible on your Regal to save money on collision insurance.
UM/UIM (Uninsured/Underinsured Motorist) coverage – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other motorists when they are uninsured or don’t have enough coverage. Covered claims include injuries to you and your family as well as damage to your Buick Regal.
Since a lot of drivers have only the minimum liability required by law (25/50/10 in New Mexico), it only takes a small accident to exceed their coverage. That’s why carrying high Uninsured/Underinsured Motorist coverage is important protection for you and your family. Normally these coverages are set the same as your liability limits.
Comprehensive auto coverage – This will pay to fix damage OTHER than collision with another vehicle or object. You need to pay your deductible first then the remaining damage will be covered by your comprehensive coverage.
Comprehensive coverage protects against claims like rock chips in glass, a broken windshield, fire damage and damage from flooding. The maximum payout you can receive from a comprehensive claim is the actual cash value, so if your deductible is as high as the vehicle’s value it’s probably time to drop comprehensive insurance.
Liability auto insurance – This will cover damage or injury you incur to a person or their property that is your fault. It protects you against other people’s claims. It does not cover damage sustained by your vehicle in an accident.
Split limit liability has three limits of coverage: per person bodily injury, per accident bodily injury, and a property damage limit. You might see liability limits of 25/50/10 that translate to a $25,000 limit per person for injuries, $50,000 for the entire accident, and $10,000 of coverage for damaged property. Some companies may use one number which is a combined single limit that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability insurance covers claims like repair bills for other people’s vehicles, court costs, funeral expenses, pain and suffering and emergency aid. The amount of liability coverage you purchase is a decision to put some thought into, but it’s cheap coverage so purchase as large an amount as possible. New Mexico state minimum liability requirements are 25/50/10 but it’s recommended drivers buy better liability coverage.
The next chart demonstrates why buying the state minimum limits may not be high enough to cover claims.
Medical payments and PIP coverage – Coverage for medical payments and/or PIP reimburse you for short-term medical expenses like prosthetic devices, rehabilitation expenses, doctor visits, EMT expenses and X-ray expenses. They are often used to cover expenses not covered by your health insurance plan or if you are not covered by health insurance. Medical payments and PIP cover all vehicle occupants as well as any family member struck as a pedestrian. Personal injury protection coverage is not an option in every state but it provides additional coverages not offered by medical payments coverage
Lower rates by being persistent
We’ve covered some good ideas how to lower your Buick Regal insurance premium rates in Albuquerque. The key concept to understand is the more you quote Albuquerque car insurance, the higher your chance of finding affordable Buick Regal insurance quotes. You may even find the most savings is with the least-expected company.
As you quote Albuquerque car insurance, never sacrifice coverage to reduce premiums. There are too many instances where drivers have reduced full coverage and found out when filing a claim that they should have had better coverage. The proper strategy is to buy enough coverage at the best price while not skimping on critical coverages.
Cost effective Buick Regal insurance is definitely available both online and from local agencies, and you should compare rates from both to have the best rate selection. There are still a few companies who may not provide online price quotes and most of the time these smaller providers prefer to sell through independent insurance agencies.
Helpful learning opportunities
- What is a Telematics Device? (Allstate)
- How Much is Auto Insurance for 17 Year Olds in Albuquerque? (FAQ)
- Who Has Affordable Car Insurance Quotes for Retired Military in Albuquerque? (FAQ)
- Who Has Affordable Auto Insurance Rates for Active Military in Albuquerque? (FAQ)
- Medical Payments Coverage (Liberty Mutual)
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- Frontal Crash Tests (iihs.org)
- Protecting Teens from Drunk Driving (Insurance Information Institute)