If you want to save the most money, the best way to find affordable auto insurance rates in Albuquerque is to compare prices once a year from insurance carriers who provide auto insurance in New Mexico.
Step 1: Take a little time to learn about what is in your policy and the factors you can control to prevent high rates. Many rating factors that result in higher rates like traffic citations, accidents, and a negative credit history can be improved by being financially responsible and driving safely.
Step 2: Request rate estimates from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give rate quotes from one company like Progressive or State Farm, while independent agencies can give you price quotes from multiple companies.
Step 3: Compare the new quotes to your existing policy and see if you can save money. If you find better rates and change companies, make sure there is no lapse between the expiration of your current policy and the new one.
Step 4: Give notification to your current company to cancel your current policy. Submit the completed application along with a down payment for the new coverage. Once the application is submitted, place the new certificate verifying proof of insurance in your vehicle.
A crucial key to this process is that you’ll want to make sure you compare similar limits and deductibles on each quote and and to get quotes from every company you can. Doing this enables an accurate price comparison and many rates to choose from.
It’s a known fact that car insurance companies want to keep your business as long as possible. Consumers who shop around for cheaper rates will, in all likelihood, move their business because there is a good chance of finding a policy with more affordable rates. Surprisingly, a recent survey revealed that people who shopped around saved over $865 annually as compared to drivers who never shopped around for better prices.
If finding the cheapest rates on car insurance in Albuquerque is the reason you’re here, then having some insight into the best way to compare insurance rates can save time and money.
Companies offering affordable Porsche Carrera GT rate quotes in Albuquerque, NM
The auto insurance companies shown below are ready to provide comparison quotes in New Mexico. To get cheap car insurance in Albuquerque, it’s highly recommended you visit as many as you can to get the best price comparison.
Score discounts on Albuquerque auto insurance
The price of auto insurance can be rather high, but you may be missing some discounts that you may not even know about. A few discounts will automatically apply when you purchase, but less common discounts must be asked about before you will receive the discount.
- Military Deployment Discount – Having an actively deployed family member could qualify you for better premium rates.
- Discount for Home Ownership – Owning a home in Albuquerque can save a few bucks since home ownership means you have a higher level of financial diligence.
- Theft Prevention Discount – Cars and trucks with anti-theft systems prevent vehicle theft so companies will give you a small discount.
- Air Bags and Passive Restraints – Vehicles with factory air bags or motorized seat belts may get savings up to 30%.
- Discount for Low Mileage – Fewer annual miles on your Porsche could qualify for discounted auto insurance rates on garaged vehicles.
A little disclaimer on discounts, most discount credits are not given to the overall cost of the policy. Most only cut specific coverage prices like collision or personal injury protection. So when the math indicates you would end up receiving a 100% discount, companies don’t profit that way. But any discount will reduce the amount you pay for coverage.
Some of the insurance companies that may offer some of the above discounts may include but are not limited to:
Before purchasing a policy, check with every prospective company to give you their best rates. All car insurance discounts might not be available to policyholders in Albuquerque. If you would like to choose from a list of insurers that can offer you the previously mentioned discounts in Albuquerque, click here to view.
What insurance coverages do I need?
When selecting the best insurance coverage for your personal vehicles, there really is no one size fits all plan. Your situation is unique.
For example, these questions may help you determine if you might need professional guidance.
- Should I buy additional glass protection?
- Which companies will insure me after a DUI?
- Is my camper covered for physical damage?
- When can I cancel my policy?
- What does medical payments coverage do?
- Do I pay less for low miles?
- Am I covered if I break a side mirror?
- Does car insurance cover theft of personal property?
If you’re not sure about those questions but one or more may apply to you then you might want to talk to an insurance agent. To find an agent in your area, simply complete this short form.
Local Albuquerque insurance agencies and insurance
Many drivers prefer to sit down and talk to an agent and that is not a bad decision The biggest benefit of getting free rate quotes online is that you can find cheap rate quotes and still choose a local agent. And buying from small agencies is important particularly in Albuquerque.
Upon completion of this form (opens in new window), your information is emailed to local insurance agents in Albuquerque that give free quotes for your business. There is no reason to contact an agency since rate quotes are delivered immediately to you. You can find the lowest rates and an insurance agent to talk to. If you have a need to compare rates from a particular provider, just go to their quote page and submit a quote form there.
Insurance agent types
If you are searching for a reliable insurance agent, you should know the different types of agents to choose from. Insurance agencies in Albuquerque are classified as either independent or exclusive depending on the company they work for.
Independent Insurance Agents (or Brokers)
Agents that choose to be independent can sell policies from many different companies so they can quote policies with a variety of different insurance companies depending on which coverage is best. To move your coverage to a new company, the business is moved internally which requires no work on your part. When comparing rates, you should always get insurance quotes from a couple of independent agencies to ensure the widest selection of prices. They also have the ability to place coverage with companies you’ve never heard of who may have lower rates.
Shown below is a list of independent agents in Albuquerque that may be able to give price quotes.
- Cress Insurance
6101 Moon St NE #1000 – Albuquerque, NM 87111 – (505) 822-8114 – View Map
- Free Market Insurance Agency
6211 San Mateo Blvd NE #120 – Albuquerque, NM 87109 – (505) 881-2645 – View Map
- Commercial West Insurance
2616 Mesilla St NE #2 – Albuquerque, NM 87110 – (505) 255-9577 – View Map
Agents that choose to be exclusive are contracted to one company and examples are AAA, State Farm, Farmers Insurance, and Allstate. They generally cannot shop your coverage around so it’s a take it or leave it situation. Exclusive agencies are usually well trained on their company’s products which helps them sell on service rather than price. Some people will only buy from exclusive agents mostly because of the brand rather than low rates.
Shown below are Albuquerque exclusive insurance agents that are able to give comparison quotes.
- Allstate Insurance: Valerie Muldez
8101 San Pedro Dr NE, Ste C1 – Albuquerque, NM 87113 – (505) 881-5056 – View Map
- Rosendo Aragon – State Farm Insurance Agent
1808 Lomas Blvd NW b – Albuquerque, NM 87104 – (505) 247-2921 – View Map
- Cindy Maxwell – State Farm Insurance Agent
8244 Menaul Blvd NE – Albuquerque, NM 87110 – (505) 883-9000 – View Map
Picking an insurance agent needs to be determined by more than just the price. These are valid questions to ask:
- Can glass claims be handled at your home?
- Is there a 24/7 contact number?
- Will one accident increase rates?
- Are they actively involved in the community?
- How many years of experience in personal auto insurance do they have?
- Does the quote include credit and driving reports?
- Can you choose the body shop in case repairs are needed?
- What discounts might you be missing?
New Mexico auto insurance companies ranked
Finding the top car insurance company can be a challenge considering how many companies sell insurance in Albuquerque. The information in the next section could help you pick which providers to look at when looking for cheaper rates.
Top 10 Albuquerque Car Insurance Companies Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- Titan Insurance
- The Hartford
- Mercury Insurance
Top 10 Albuquerque Car Insurance Companies by A.M. Best Rank
- USAA – A++
- Travelers – A++
- GEICO – A++
- State Farm – A++
- The Hartford – A+
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Mercury Insurance – A+
- Titan Insurance – A+
Smart consumers save more
When searching for low cost Albuquerque car insurance quotes, do not sacrifice coverage to reduce premiums. There are many occasions where drivers have reduced uninsured motorist or liability limits only to regret at claim time that they should have had better coverage. The proper strategy is to get the best coverage possible for the lowest price, but do not skimp to save money.
Drivers change insurance companies for a number of reasons such as extreme rates for teen drivers, high prices, high rates after DUI convictions or denial of a claim. Regardless of your reason, finding a great new company can be easy and end up saving you some money.
In this article, we covered some good ideas how you can reduce Porsche Carrera GT insurance prices online in Albuquerque. The key thing to remember is the more you quote Albuquerque car insurance, the better your comparison will be. Consumers could even find that the lowest prices are with a smaller regional carrier.
More information can be found at the links below
- Auto Insurance Basics (Insurance Information Institute)
- Who Has Cheap Car Insurance Rates for 4×4 Vehicles in Albuquerque? (FAQ)
- Who Has Cheap Albuquerque Auto Insurance Quotes After a Speeding Ticket? (FAQ)
- How Much is Albuquerque Car Insurance for Real Estate Agents? (FAQ)
- Auto Theft Statistics (Insurance Information Institute)
- Older Drivers FAQ (iihs.org)
- Smart Auto Insurance Tips (Insurance Information Institute)