The best way to find better pricing on car insurance rates is to start doing an annual price comparison from providers who provide car insurance in Albuquerque.
- First, learn about how your policy works and the steps you can take to keep rates in check. Many policy risk factors that drive up the price like inattentive driving and a negative credit history can be rectified by making small lifestyle or driving habit changes. Keep reading for instructions to find cheap prices and get additional discounts that may have been overlooked.
- Second, compare price quotes from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can provide rates from a single company like Progressive or Farmers Insurance, while independent agencies can quote rates for a wide range of insurance providers. Compare rates now
- Third, compare the new rate quotes to the price on your current policy and see if you can save money. If you find a lower rate, make sure there is no lapse in coverage.
An essential thing to point out is to try to use identical limits and deductibles on every quote request and and to get rates from as many companies as feasibly possible. This ensures a level playing field and a better comparison of the market.
Unthinkable but true, a large majority of insurance policyholders in New Mexico have been with the same company for four years or more, and almost 40% of drivers have never quoted rates to find lower-cost coverage. Most drivers in the United States can cut their rates by $850 a year, but most just don’t grasp the rate savings if they moved their coverage to a different company.
This information will teach you a little about how to get online quotes and also pocket some savings If you are insured now, you will surely be able to find the best rates using the ideas you’re about to read. Vehicle owners just need to learn the proper way to compare rates from many different companies online.
The following companies can provide free quotes in Albuquerque, NM. In order to find cheap auto insurance in New Mexico, we suggest you get price quotes from several of them in order to find the lowest rates.
Protect more than your Volkswagen Routan
Despite the high insurance cost for a Volkswagen Routan in Albuquerque, insurance is required in New Mexico but it also protects you in many ways.
- Just about all states have compulsory liability insurance requirements which means you are required to carry a specific minimum amount of liability insurance coverage in order to drive the car legally. 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 you have a loan on your Volkswagen Routan, more than likely the lender will require that you carry insurance to guarantee their interest in the vehicle. If the policy lapses, the bank may buy a policy for your Volkswagen at a more expensive rate and force you to pay a much higher amount than you were paying before.
- Insurance protects both your vehicle and your personal assets. It will also cover many types of medical costs that are the result of an accident. As part of your policy, liability insurance also pays expenses related to your legal defense in the event you are sued. If your vehicle suffers damage from an accident or hail, your auto insurance policy will pay to repair the damage.
The benefits of insuring your Routan more than cancel out the cost, especially for larger claims. Today the average American driver overpays more than $750 every year so we recommend shopping around at every renewal to ensure rates are competitive.
Volkswagen Routan coverage statistics
The coverage table displayed below outlines detailed analysis of prices for Volkswagen Routan models. Having a better understanding of how premiums are calculated can assist in making smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Routan S 2WD | $244 | $396 | $332 | $20 | $100 | $1,092 | $91 |
| Routan SE 2WD | $276 | $482 | $332 | $20 | $100 | $1,210 | $101 |
| Routan SEL 2WD | $276 | $568 | $332 | $20 | $100 | $1,296 | $108 |
| Routan SEL Premium 6 Cyl 2WD | $306 | $568 | $332 | $20 | $100 | $1,326 | $111 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Estimates do not factor in specific garaging location which can raise or lower price quotes significantly.
Policy deductible comparison
One frequently asked question is how high should the physical damage deductibles be. The figures shown below help summarize the differences in premium rates when you buy lower versus higher coverage deductibles. The first set of rates uses a $250 deductible for physical damage and the second price chart uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Routan S 2WD | $248 | $344 | $274 | $16 | $82 | $989 | $82 |
| Routan SE 2WD | $280 | $420 | $274 | $16 | $82 | $1,097 | $91 |
| Routan SEL 2WD | $280 | $494 | $274 | $16 | $82 | $1,171 | $98 |
| Routan SEL Premium 6 Cyl 2WD | $314 | $494 | $274 | $16 | $82 | $1,205 | $100 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Routan S 2WD | $202 | $278 | $274 | $16 | $82 | $852 | $71 |
| Routan SE 2WD | $228 | $338 | $274 | $16 | $82 | $938 | $78 |
| Routan SEL 2WD | $228 | $398 | $274 | $16 | $82 | $998 | $83 |
| Routan SEL Premium 6 Cyl 2WD | $254 | $398 | $274 | $16 | $82 | $1,024 | $85 |
| Get Your Own Custom Quote Go | |||||||
Data rating is based on married male driver age 30, no speeding tickets, no at-fault accidents, and New Mexico minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Rate quotes do not factor in specific location information which can impact premium rates substantially.
Using the premium rates above, we can conclude that using a $250 deductible costs about $14 more each month or $168 each year across all Volkswagen Routan models than buying the higher $500 deductible. Since you would pay $250 more out-of-pocket with a $500 deductible as compared to a $250 deductible, if you average at a minimum 18 months between claim filings, you would save more money by selecting a higher deductible. The table below illustrates a better example of how you can come to your own conclusion.
| Average monthly premium for $250 deductibles: | $93 |
| Average monthly premium for $500 deductibles (subtract): | – $79 |
| Monthly savings from raising deductible: | $14 |
| Difference between deductibles ($500 – $250): | $250 |
| Divide difference by monthly savings: | $250 / $14 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 18 months |
One important caveat is that raising deductibles to get cheaper rates results in more money out-of-pocket when you have a physical damage claim. You will want to have some savings in order to pay the higher deductible.
The chart below illustrates how choosing a deductible and can change Volkswagen Routan premium costs for different categories of driver ages. The premiums are based on a married male driver, comprehensive and collision coverage, and no discounts are factored in.
Volkswagen Routan liability rates compared to full coverage
The chart below illustrates the comparison of Volkswagen Routan annual premium costs with full physical damage coverage compared to only buying the minimum liability limits required in New Mexico. The premiums assume no accidents or driving violations, $250 deductibles, drivers are single, and no discounts are applied.
Are you wasting money on full coverage?
There is no definitive rule to stop buying comp and collision coverage, but there is a broad guideline. If the annual cost of coverage is more than around 10% of the replacement cost minus the deductible, then you might consider buying liability only.
For example, let’s say your Volkswagen Routan claim settlement value is $6,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $5,000 after paying your policy deductible. If it’s costing you more than $500 annually for comprehensive and collision coverage, then you may need to consider dropping full coverage.
There are a few cases where dropping full coverage is not financially feasible. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not consider dropping full coverage.
Determine discounts on Albuquerque car insurance
The price of auto insurance can be rather high, but you might already qualify for some discounts that could drop your premiums quite a bit. Some discounts will apply at quote time, but some discounts are required to be asked about before they will apply.
- Senior Citizen Rates – If you’re over the age of 55, you may receive a discount up to 10%.
- Lower Rates for Military – Having an actively deployed family member may lower your car insurance rates slightly.
- Federal Employees – Being employed by or retired from a federal job can earn a discount up to 10% with certain companies.
- Claim Free – Claim-free drivers pay much less in comparison to insureds who have frequent claims or accidents.
- Discounts for New Vehicles – Adding a new car to your policy can save up to 30% because newer models are generally safer.
- Professional Organizations – Joining certain professional organizations could trigger savings when getting a Albuquerque car insurance quote.
- Payment Discounts – If you pay your entire premium ahead of time rather than paying in monthly installments you can avoid the installment charge.
- Good Grades Discount – A discount for being a good student may save you up to 25%. This discount can apply up to age 25.
- Multi-car Discount – Drivers who insure multiple cars or trucks on one policy can reduce rates for all insured vehicles.
Discounts save money, but please remember that some of the credits will not apply to the whole policy. Most cut the cost of specific coverages such as liability, collision or medical payments. Despite the appearance that you would end up receiving a 100% discount, car insurance companies aren’t that generous.
The illustration below visualizes the comparison of Volkswagen Routan auto insurance costs with and without discounts applied to the premium. The data assumes a female driver, no violations or claims, New Mexico state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-policy, multi-car, homeowner, and safe-driver discounts applied.
To locate insurers that offer the discounts shown above in New Mexico, follow this link.
What if I want to buy from local Albuquerque insurance agents?
Many drivers would prefer to go talk to an agent and that can be a smart move Professional insurance agents can help you choose the best coverages and help submit paperwork. A good thing about getting free rate quotes online is that you can find lower rates but still work with a licensed agent. And buying from small agencies is important particularly in Albuquerque.
For easy comparison, once you complete this form (opens in new window), your coverage information gets sent to participating agents in Albuquerque who can give free rate quotes for your car insurance coverage. It simplifies rate comparisons since you won’t have to search for any insurance agencies since price quotes are sent to you instantly. If you have a need to get a price quote from a specific company, feel free to go to their quote page and submit a quote form there.
Pick the best auto insurance agent in Albuquerque for you
If you prefer to buy car insurance from a reputable agency, you need to know there are two different types of agents and how they can service your needs differently. Car insurance agents in Albuquerque can be described as either exclusive or independent agents depending on their company appointments. Either one can insure your vehicles, but it’s important to know how they differ since it can impact your selection of an agent.
Independent Agents (or Brokers)
These type of agents are appointed with more than one company and that gives them the ability to insure through lots of different companies and find the cheapest rate. If they find a cheaper price, the business is moved internally and you don’t have to find a new agent.
When shopping rates, you absolutely need to get insurance quotes from independent agents in order to have the best price comparison.
Featured below is a short list of independent insurance agents in Albuquerque that may be able to provide comparison quotes.
J B Martin Commercial, Homeowners, Auto, Health and Life Insurance Agency
2800 San Mateo Blvd NE – Albuquerque, NM 87110 – (505) 299-7444 – View Map
Daniels Insurance Inc
320 Gold Ave SW # 700 – Albuquerque, NM 87102 – (505) 766-9676 – View Map
Lorraine Y Chavez Insurance Agency, Inc.
8224 Louisiana Blvd NE – Albuquerque, NM 87113 – (505) 821-7123 – View Map
Exclusive Agencies
Exclusive insurance agents normally can only provide a single company’s rates and examples are Allstate, State Farm and Farmers Insurance. Exclusive agencies are unable to place coverage with different providers so keep that in mind. Exclusive agents are trained well on the products they sell which helps them sell insurance even at higher premiums.
Listed below is a list of exclusive agencies in Albuquerque who can help you get comparison quotes.
Phil Pettit – State Farm Insurance Agent
3507 Wyoming Blvd NE B – Albuquerque, NM 87111 – (505) 875-1300 – View Map
Richard Moore – State Farm Insurance Agent
5353 Wyoming Blvd NE b – Albuquerque, NM 87109 – (505) 821-6000 – View Map
Cynthia Bahling – State Farm Insurance Agent
12700 San Rafael Ave NE #2 – Albuquerque, NM 87122 – (505) 292-3934 – View Map
Picking the best auto insurance agent needs to be determined by more than just the premium amount. These are some questions you should get answers to.
- Is coverage determined by price?
- Are you getting all the discounts the company offers?
- If they are an independent agency in Albuquerque, which companies do they recommend?
- If you raise deductibles, how much can you save?
- Will they take your side in the event of a claim?
- Does the agent have a valid license to sell insurance in New Mexico?
- Do the companies they represent have a solid financial rating?
After getting good feedback for all questions you ask as well as offering an affordable quote, chances are good that you have found an auto insurance agent that can properly service your car insurance policy.
How do I know if I need professional advice?
When quoting and choosing proper insurance coverage for your personal vehicles, there really is no “perfect” insurance plan. Coverage needs to be tailored to your specific needs so your insurance needs to address that.
Here are some questions about coverages that may help you determine whether you may require specific advice.
- Does my car insurance cover rental cars?
- Am I covered when using my vehicle for business?
- Are my tools covered if they get stolen from my vehicle?
- Does my Volkswagen Routan qualify for pleasure use?
- What is the difference between personal and commercial auto insurance policies?
- Do I need special coverage while pulling a rented trailer?
- Can I rent a car in Mexico?
- How do I insure my teen driver?
If you’re not sure about those questions but you know they apply to you then you might want to talk to a licensed agent. To find an agent in your area, take a second and complete this form or you can also visit this page to select a carrier It’s fast, free and can provide invaluable advice.
How much can you save?
You just learned quite a bit of information on how to compare Volkswagen Routan insurance car insurance rates in Albuquerque. The key thing to remember is the more providers you compare, the higher your chance of finding low cost Albuquerque car insurance quotes. Drivers may even discover the most savings is with the smaller companies. Regional companies may only write in your state and offer lower premium rates as compared to the big name companies such as Allstate, GEICO and Progressive.
Cheaper Volkswagen Routan insurance in Albuquerque is definitely available from both online companies in addition to many Albuquerque insurance agents, and you should compare rates from both in order to have the best chance of saving money. Some insurance companies may not provide internet price quotes and usually these smaller companies provide coverage only through independent insurance agents.
More detailed insurance information can be found in the articles below:
- Electronic Stability Control FAQ (iihs.org)
- Who Has Affordable Auto Insurance for a Dodge Grand Caravan in Albuquerque? (FAQ)
- How Much is Auto Insurance for Postal Workers in Albuquerque? (FAQ)
- Who Has Affordable Albuquerque Auto Insurance Rates for Homeowners? (FAQ)
- Who Has Affordable Car Insurance Quotes for Retired Military in Albuquerque? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for Safe Drivers in Albuquerque? (FAQ)
- Choosing an Insurance Company (Insurance Information Institute)
- Understanding your Policy (NAIC.org)
- Keeping Children Safe in Crashes Video (iihs.org)
- What does Personal Injury Protection (PIP) Cover? (Allstate)