Would you like to save money by finding the cheapest insurance rates in Albuquerque, NM? Albuquerque shoppers have a choice when shopping for low-cost Suzuki SX4 insurance. They can either waste time calling around to get rate comparisons or use the internet to get rate quotes.
There is a right way and a wrong way to shop for insurance and we’ll show you the proper way to compare rates for a Suzuki and find the best price possible.
If you are insured now or just want cheaper rates, take advantage of these tips to cut your premiums without reducing protection. Our objective in writing this article is to tell you the best ways to compare prices and some tricks to saving. Shoppers just need to use how to compare prices online.
The quickest method we recommend to compare car insurance company rates for Suzuki SX4 insurance in Albuquerque is to know the fact almost all companies allow for online access to give rate comparisons. The one thing you need to do is provide details such as your credit rating estimate, if you’re married, if you require a SR-22, and if your license is active. Your information is instantly sent to many highly-rated insurers and you will get price comparisons instantly to find the best rate.
To check Suzuki SX4 insurance prices now, click here and enter the information requested.
The companies in the list below have been selected to offer price quotes in Albuquerque, NM. If you want to find cheap auto insurance in NM, we suggest you visit as many as you can in order to get a fair rate comparison.
Suzuki SX4 insurance rate analysis
The price information shown next outlines a range of prices for Suzuki SX4 models. Being able to understand how policy rates are determined helps drivers make decisions on which insurance to purchase.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|SX4 Sport S||$194||$450||$418||$24||$126||$1,212||$101|
|SX4 Sport SE||$194||$450||$418||$24||$126||$1,212||$101|
|SX4 Technology 2WD||$194||$382||$418||$24||$126||$1,144||$95|
|SX4 Sportback 2WD||$194||$382||$418||$24||$126||$1,144||$95|
|SX4 AWD AWD||$194||$382||$418||$24||$126||$1,144||$95|
|SX4 Sport GTS||$194||$450||$418||$24||$126||$1,212||$101|
|SX4 Technology AWD||$220||$382||$418||$24||$126||$1,170||$98|
|SX4 Touring AWD||$220||$382||$418||$24||$126||$1,170||$98|
|Get Your Own Custom Quote Go|
Price data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and New Mexico minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Premium amounts do not factor in specific location which can modify coverage rates noticeably.
The illustration below shows how choosing a deductible and can raise or lower Suzuki SX4 yearly insurance costs for different categories of driver ages. The prices are based on a single female driver, full physical damage coverage, and no additional discounts are factored in.
Irresponsible driving raises your rates
The chart below highlights how speeding tickets and at-fault claims can increase Suzuki SX4 insurance costs for each different age group. The rates are based on a single male driver, comp and collision included, $250 deductibles, and no discounts are applied to the premium.
Comparison of full coverage and liability-only policies
The illustration below illustrates the difference between Suzuki SX4 yearly insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in New Mexico. The premium estimates are based on no violations or claims, $100 deductibles, single marital status, and no other discounts are factored in.
Should you buy full coverage or liability only?
There is no written rule of when to drop physical damage coverage, but there is a general convention. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then you may need to consider dropping full coverage.
For example, let’s say your Suzuki SX4 claim settlement value is $6,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $5,000 after the policy deductible has been paid. If you are paying over $500 a year for physical damage coverage, then it could be time to drop full coverage.
There are a few cases where dropping full coverage is not in your best interest. If you still owe money on your vehicle, you have to carry full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle in the even your car is totaled, you should not eliminate full coverage.
Eight discounts for cheaper insurance rates
Auto insurance companies don’t list every discount available in an easy-to-find place, so the next list breaks down a few of the more common and also the more inconspicuous credits available to you.
- Drivers Ed for Students – Reduce the cost of insurance for teen drivers by having them enroll and complete driver’s education in school or through a local driver safety program.
- Own a Home – Just being a homeowner can earn you a little savings since home ownership requires personal responsibility.
- Discount for Life Insurance – If the company offers life insurance, you could get a break if you buy auto and life insurance together.
- Multi-policy Discount – If you combine your home and auto policies with one insurance company you will save over 10 percent off each policy depending on the company.
- Senior Citizens – If you’re over the age of 55, you are able to get better insurance rates.
- Paperwork-free – Some of the larger companies will give a small break simply for signing online.
- Use Seat Belts – Drivers who require all vehicle occupants to buckle their seat belts can save 10% or more off the PIP or medical payment premium.
- Organization Discounts – Participating in qualifying clubs or civic groups may earn a discount when getting a Albuquerque auto insurance quote.
Don’t be shocked that most discount credits are not given to the overall cost of the policy. Most only apply to the price of certain insurance coverages like liability and collision coverage. So even though they make it sound like it’s possible to get free car insurance, insurance companies wouldn’t stay in business.
The example below compares Suzuki SX4 car insurance costs with and without discounts. The prices are based on a female driver, no accidents, no driving violations, 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 homeowner, multi-policy, multi-car, claim-free, safe-driver, and marriage discounts applied.
If you would like to see a list of insurance companies who offer insurance discounts in New Mexico, click here.
Car insurance does more than just protect your car
Even though it can be expensive, insurance is required by state law in New Mexico and it also provides benefits you may not be aware of.
- Just about all states have compulsory liability insurance requirements which means you are required to buy specific minimum amounts of liability insurance if you don’t want to risk a ticket. In New Mexico these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If your Suzuki SX4 has a lienholder, almost all lenders will force you to have insurance to ensure they get paid if you total the vehicle. If you default on your policy, the bank may insure your Suzuki for a much higher rate and require you to pay a much higher amount than you were paying before.
- Car insurance protects both your assets and your vehicle. It will also provide coverage for medical bills for both you and anyone you injure as the result of an accident. One policy coverage, liability insurance, will also pay to defend you if you are named as a defendant in an auto accident. If damage is caused by hail or an accident, comprehensive and/or collision insurance will cover the damage repairs after a deductible is paid.
The benefits of buying car insurance are definitely more than the cost, especially if you ever need it. Despite what companies tell you, the average driver is currently overpaying as much as $850 per year so compare quotes from several companies each time the policy renews to ensure rates are inline.
Tailor your car insurance coverage to you
When selecting insurance from an agent or online, there isn’t really a “perfect” insurance plan. You are unique so your insurance should reflect that
Here are some questions about coverages that can help discover if you might need professional guidance.
- Do I have any recourse if my insurance company denies a claim?
- What does medical payments cover?
- Should I rate my Suzuki SX4 as pleasure use or commute?
- Does coverage extend to Mexico or Canada?
- Do I benefit by insuring my home with the same company?
- Do all my vehicles need collision coverage?
- If my pet gets injured in an accident are they covered?
- When does my teenage driver need to be added to my policy?
- Are my custom wheels covered?
- Which companies will insure high-risk drivers?
If you’re not sure about those questions then you might want to talk to an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies. It is quick, free and may give you better protection.
Compare rate quotes but buy from a local Albuquerque insurance agency
Many drivers would rather talk to an insurance agent and that is not a bad decision Experienced insurance agents are very good at helping people manage risk and will help you if you have claims. One of the benefits of getting online price quotes is you can get the best rates and still have a local agent. Supporting local agents is still important in Albuquerque.
After filling out this form (opens in new window), your information is immediately sent to participating agents in Albuquerque who will gladly provide quotes to get your business. There is no reason to contact any insurance agencies as quotes are delivered immediately to your email address. If you have a need to quote rates from one company in particular, you just need to jump over to their website and give them your coverage information.
When researching a good insurance agency, it helps to know the two different agency structures and how they work. Agents in Albuquerque are categorized either exclusive or independent. Either one can write policy coverage, but it’s good to learn why they differ because it can influence the selection process.
Independent Car Insurance Agencies
Agents of this type can sell policies from many different companies and that enables them to quote your coverage through many companies and find the cheapest rate. If premiums increase, they can switch companies in-house without you having to go to a different agency. When comparing car insurance rates, it’s a good idea to compare quotes from at least one independent agent for the best price selection. Most also write with companies that do not advertise much which can save you money.
Shown below is a partial list of independent insurance agencies in Albuquerque that can give you cheap rate quotes.
- Lorraine Y Chavez Insurance Agency, Inc.
8224 Louisiana Blvd NE – Albuquerque, NM 87113 – (505) 821-7123 – View Map
- Webster Insurance Agency Inc
1201 Eubank Blvd Suite 3 – Albuquerque, NM 87112 – (505) 294-1497 – View Map
- Cress Insurance
6101 Moon St NE #1000 – Albuquerque, NM 87111 – (505) 822-8114 – View Map
Exclusive Car Insurance Agencies
Agents that choose to be exclusive can usually just insure with one company like State Farm, Allstate, and Farm Bureau. Exclusive agents cannot place coverage with different providers so they have no alternatives for high prices. They are trained well in insurance sales which helps them compete with independent agents. Drivers often purchase coverage from exclusives partially due to high brand loyalty and strong financial ratings.
Listed below are Albuquerque exclusive insurance agents that can give you price quote information.
- Allstate Insurance: Krista L. Sanchez
3300 San Mateo Blvd NE e – Albuquerque, NM 87110 – (505) 255-3371 – View Map
- Steve Kunkle – State Farm Insurance Agent
1336 Wyoming Blvd NE – Albuquerque, NM 87112 – (505) 292-5940 – View Map
- Tim Gallegos – State Farm Insurance Agent
1100 Coors Blvd SW, Ste B2 – Albuquerque, NM 87121 – (505) 200-2319 – View Map
Choosing an auto insurance agent is decision based upon more than just the premium amount. These are valid questions to ask:
- Did they already check your driving record and credit reports?
- Can glass claims be handled at your home?
- How long have they worked with personal auto insurance coverage?
- Is the agent and/or agency licensed to do business in New Mexico?
- Do you have coverage for a rental car if your vehicle is in the repair shop?
Insurance policy coverages for a Suzuki SX4
Understanding the coverages of a insurance policy can be of help when determining which coverages you need and proper limits and deductibles. The terms used in a policy can be impossible to understand and nobody wants to actually read their policy. Below you’ll find the normal coverages offered by insurance companies.
Coverage for uninsured or underinsured drivers – Uninsured or Underinsured Motorist coverage protects you and your vehicle’s occupants from other drivers when they either are underinsured or have no liability coverage at all. Covered losses include hospital bills for your injuries as well as damage to your Suzuki SX4.
Because many people carry very low liability coverage limits (25/50/10), it doesn’t take a major accident to exceed their coverage limits. So UM/UIM coverage is important protection for you and your family. Usually your uninsured/underinsured motorist coverages are identical to your policy’s liability coverage.
Liability auto insurance – Liability insurance will cover injuries or damage you cause to people or other property in an accident. It protects YOU from claims by other people, and does not provide coverage for your own vehicle damage or injuries.
It consists of three limits, bodily injury for each person, bodily injury for the entire accident, and a limit for property damage. As an example, you may have limits of 25/50/10 that translate to a limit of $25,000 per injured person, a limit of $50,000 in injury protection per accident, and a total limit of $10,000 for damage to vehicles and property. Some companies may use a combined single limit or CSL which combines the three limits into one amount with no separate limits for injury or property damage.
Liability coverage protects against things such as loss of income, emergency aid, medical services, court costs and legal defense fees. How much liability should you purchase? That is up to you, but consider buying as large an amount as possible. New Mexico requires minimum liability limits of 25/50/10 but you should consider buying more coverage.
The illustration below demonstrates why the minimum limit may not provide adequate coverage.
Comprehensive insurance – Comprehensive insurance covers damage that is not covered by collision coverage. You need to pay your deductible first and then insurance will cover the rest of the damage.
Comprehensive can pay for things like fire damage, a broken windshield, damage from getting keyed, vandalism and a tree branch falling on your vehicle. The most you’ll receive from a claim is the cash value of the vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.
Coverage for medical expenses – Coverage for medical payments and/or PIP pay for expenses for things like hospital visits, doctor visits, X-ray expenses and ambulance fees. The coverages can be used to fill the gap from your health insurance plan or if you lack health insurance entirely. They cover you and your occupants and will also cover if you are hit as a while walking down the street. Personal injury protection coverage is only offered in select states but it provides additional coverages not offered by medical payments coverage
Collision coverage – This coverage pays to fix your vehicle from damage caused by collision with a stationary object or other vehicle. You first must pay a deductible then your collision coverage will kick in.
Collision insurance covers things like colliding with a tree, rolling your car, crashing into a building, backing into a parked car and colliding with another moving vehicle. This coverage can be expensive, so you might think about dropping it from vehicles that are 8 years or older. Drivers also have the option to raise the deductible on your SX4 to bring the cost down.