Are you looking for low-cost insurance rates in Albuquerque, NM? Albuquerque buyers have lots of choices when searching for affordable Pontiac Vibe insurance. You can either waste hours driving around to compare prices or save time using the internet to make rate comparisons.
There is a better way to compare insurance rates so we’re going to tell you the absolute fastest way to compare rates for a new or used Pontiac and locate the cheapest rates from Albuquerque insurance agents and online providers.
It’s an obvious conclusion that insurance companies want to keep you from comparing prices. Consumers who shop around for a cheaper policy are very likely to move their business because there is a good probability of finding a more affordable policy premium. A study discovered that consumers who made a habit of comparing rate quotes saved an average of $860 a year compared to people who never shopped around.
If saving money on car insurance is your goal, understanding how to quote prices and compare insurance premiums can make the process more efficient.
It’s a great practice to price shop coverage before your next renewal because insurance prices are variable and change quite frequently. Just because you found the best rate on Pontiac Vibe insurance in Albuquerque at your last renewal you can probably find a lower rate today. Ignore everything you know about insurance because we’re going to demonstrate how to use the internet to save money, get proper deductibles and limits, all at the lowest rate.
The following companies are ready to provide comparison quotes in New Mexico. If you wish to find the best cheap car insurance in Albuquerque, NM, it’s a good idea that you compare several of them in order to find the cheapest rates.
Choosing vehicle insurance is an important decision
Even though it can be expensive, paying for auto insurance may not be optional for several reasons.
- Most states have mandatory insurance requirements which means you are required to buy a specific minimum amount of liability protection in order to license the vehicle. 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 Pontiac has a lienholder, most banks will have a requirement that you have comprehensive coverage to ensure the loan is repaid in case of a total loss. If the policy lapses, the bank may insure your Pontiac at a much higher premium rate and force you to reimburse them the higher premium.
- Auto insurance protects not only your vehicle but also your financial assets. It also can pay for medical bills for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, also pays for attorney fees and expenses if you are named as a defendant in an auto accident. If you receive damage to your vehicle caused by a storm or accident, your policy will pay to repair the damage minus the deductible amount.
The benefits of insuring your Vibe greatly outweigh the cost, especially with large liability claims. In a recent study of 1,000 drivers, the average customer overpays as much as $700 annually so shop around at every renewal to help ensure money is not being wasted.
Pontiac Vibe coverage analysis
The data table shown below outlines estimates of prices for Pontiac Vibe models. Learning a little about how premiums are established is important for making decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Vibe 1.8 | $202 | $338 | $274 | $16 | $82 | $912 | $76 |
| Vibe 2.4 | $202 | $338 | $274 | $16 | $82 | $912 | $76 |
| Vibe AWD | $228 | $398 | $274 | $16 | $82 | $998 | $83 |
| Vibe GT | $228 | $398 | $274 | $16 | $82 | $998 | $83 |
| Get Your Own Custom Quote Go | |||||||
Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and New Mexico minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Rates do not factor in specific location which can revise auto insurance rates substantially.
Accidents and violations increase rates
The diagram below illustrates how violations and accident claims impact Pontiac Vibe insurance costs for each age group. The premiums assume a single female driver, full coverage, $250 deductibles, and no discounts are applied to the premium.
Men versus women drivers and insurance cost
The example below illustrates the difference between Pontiac Vibe insurance rates for male and female drivers. The data is based on no tickets, no at-fault accidents, comp and collision included, $250 deductibles, drivers are single, and no discounts are taken into consideration.
Cost of full coverage
The illustration below compares Pontiac Vibe insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes a clean driving record, no at-fault accidents, $250 deductibles, single status, and no discounts are taken into consideration.
When to switch to liability coverage only
There is no set guideline to eliminate physical damage insurance, but there is a general convention. If the yearly cost of comp and collision coverage is about 10% or more of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s pretend your Pontiac Vibe replacement cost is $4,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $3,000 after paying your policy deductible. If you are paying in excess of $300 annually for your policy with full coverage, then you might consider buying liability only.
There are some scenarios where buying only liability insurance is not in your best interest. If you still have a lienholder on your title, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don’t have enough money to buy a different vehicle if your current one is in an accident, you should keep full coverage.
Do you qualify for discounts?
Car insurance companies don’t always publicize every policy discount in an easy-to-find place, so the list below contains a few of the more well known and also the more inconspicuous discounts that you can inquire about if you buy Albuquerque auto insurance online.
- ABS and Traction Control Discounts – Cars and trucks with ABS braking systems or traction control are safer to drive and therefore earn up to a 10% discount.
- Discount for Swiching Early – A few insurance companies allow discounts for signing up before your current expiration date. This discount can save up to 10%.
- Pay Upfront and Save – If you pay your entire premium ahead of time rather than paying monthly you could save 5% or more.
- Home Ownership Discount – Owning a house in Albuquerque can save a few bucks because maintaining a house means you have a higher level of financial diligence.
- Paperless Signup – A few larger online companies may give you up to $50 simply for signing digitally online.
- Safety Course Discount – Successfully completing a course teaching safe driver skills is a good idea and can lower rates and make you a better driver.
- Anti-theft Discount – Cars, trucks, and SUVs optioned with advanced anti-theft systems are less likely to be stolen and qualify for as much as a 10% discount.
It’s important to understand that some of the credits will not apply to the entire policy premium. Most only reduce the cost of specific coverages such as liability and collision coverage. Despite the appearance that all the discounts add up to a free policy, that’s just not realistic.
The chart below compares Pontiac Vibe insurance rates with and without some available policy discounts. The data is based on a male driver, no claims or driving violations, New Mexico state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, safe-driver, claim-free, multi-policy, and marriage discounts applied.
Companies that may include these money-saving discounts possibly include:
Before you buy a policy, ask each company which discounts you qualify for. Some credits might not apply in your area.
Local agents and auto insurance
Certain consumers would prefer to buy from a local agent and that is not a bad decision Good insurance agents can answer important questions and help file insurance claims. One of the great benefits of comparing rates online is you can get cheaper prices and also buy local. Supporting neighborhood insurance agencies is especially important in Albuquerque.
After completing this simple form, your insurance coverage information is instantly submitted to local insurance agents that can provide free Albuquerque auto insurance quotes and help you find cheaper coverage. It’s much easier because you don’t need to find an agent because quoted prices will be sent straight to your inbox. If you need to get a rate quote from one company in particular, you can always go to their quote page and complete a quote there.
Below is a list of insurance companies in Albuquerque who can help you get price quote information for Pontiac Vibe insurance in Albuquerque.
- Tim Gallegos – State Farm Insurance Agent
1100 Coors Blvd SW, Ste B2 – Albuquerque, NM 87121 – (505) 200-2319 – View Map - Art Sandoval – State Farm Insurance Agent
5555 Montgomery Blvd NE #19 – Albuquerque, NM 87109 – (505) 338-0300 – View Map - Ken Brudos – State Farm Insurance Agent
3700 Coors Blvd NW – Albuquerque, NM 87120 – (505) 836-5060 – View Map - Bob Jones – State Farm Insurance Agent
3613 NM-528 B – Albuquerque, NM 87114 – (505) 898-9505 – View Map
Selecting a company is decision based upon more than just a low price. Any good agent in Albuquerque should know the answers to these questions.
- How long have they been in business?
- Can you contact them at any time?
- Do they have a Better Business Bureau rating in Albuquerque?
- Do they prorate repair cost based on vehicle mileage?
- Can you choose the body shop in case repairs are needed?
How to find a good Albuquerque car insurance company
Choosing the highest-rated insurer can be a challenge considering how many companies sell coverage in New Mexico. The company ratings displayed below may help you pick which providers to look at comparing rate quotes with.
| 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 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| 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 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
More comparisons equals cheaper rates
Drivers leave their current company for any number of reasons including questionable increases in premium, policy cancellation, being labeled a high risk driver and delays in responding to claim requests. It doesn’t matter why you want to switch finding a new insurance company can be less work than you think.
When searching for affordable Albuquerque auto insurance quotes, never sacrifice coverage to reduce premiums. There are many occasions where an insured cut liability coverage limits only to regret at claim time that a couple dollars of savings turned into a financial nightmare. The proper strategy is to buy a smart amount of coverage at the best cost and still be able to protect your assets.
We just presented a lot of techniques to save on Pontiac Vibe insurance in Albuquerque. The key thing to remember is the more price quotes you have, the higher your chance of finding low cost Albuquerque auto insurance quotes. Drivers may even discover the biggest savings come from a lesser-known regional company.
Steps to finding low-cost rates for Pontiac Vibe insurance in Albuquerque
The best way we recommend to get cheaper Pontiac Vibe insurance in Albuquerque is to compare prices at least once a year from different companies who sell insurance in New Mexico.
First, take a little time to learn about how companies price auto insurance and the changes you can make to keep rates down. Many rating criteria that result in higher prices like speeding tickets, accidents and your credit history can be amended by making lifestyle changes or driving safer.
Second, compare price quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can give quotes from a single company like GEICO or Allstate, while independent agencies can give you price quotes from multiple companies. View rates
Third, compare the new rate quotes to your existing coverage and determine if cheaper Vibe coverage is available. If you find better rates and switch companies, ensure coverage does not lapse between policies.
Fourth, tell your current company of your intention to cancel your current coverage. Submit a down payment along with a completed application to the new company. Make sure you store the proof of insurance paperwork along with the vehicle’s registration papers.
A key point to remember is to make sure you enter the same liability limits and deductibles on each price quote and and to get rates from as many carriers as you can. This ensures a fair price comparison and a better comparison of the market.
More detailed insurance information is available in the articles below:
- How do I File a Claim? (Insurance Information Institute)
- Who Has the Cheapest Car Insurance Quotes for Drivers Under 25 in Albuquerque? (FAQ)
- How Much is Albuquerque Auto Insurance for a Nissan Sentra? (FAQ)
- Who Has Cheap Auto Insurance Quotes for First-time Drivers in Albuquerque? (FAQ)
- How Much are Albuquerque Auto Insurance Quotes for a Toyota Tacoma? (FAQ)
- Older Drivers FAQ (iihs.org)
- Teen Driver Licensing Information (iihs.org)
- Uninsured Motorists: Threats on the Road (Insurance Information Institute)