Updated: January 23, 2026
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Central: Most affordable for multiple driver profiles at $34 monthly for minimum coverage and $110 for full coverage.
State Farm: Runner-up for affordability with $51 minimum and $145 full coverage monthly rates. It offers competitive rates for drivers with an accident, drivers with a DUI and drivers with a speeding ticket.
GEICO: The most budget-friendly option for young drivers and senior drivers in Albuquerque's insurance market.
Cheapest Monthly Rates by Coverage and Driver Profile in Albuquerque:
Central offers the lowest minimum coverage in Albuquerque at $34 per month, which is 32% below the city average. State Farm ranks next at $51 monthly for minimum coverage, coming in 8% under average rates.
For full coverage, Central continues to lead with an average cost of $110 per month, 32% below the city average. GEICO places second for full coverage at $133 monthly, priced 7% lower than average local premiums.
Because rates vary by ZIP code and driving history, comparing quotes from several insurers identifies the best option for your situation.
| Central Insurance | $34 | $110 | -32% |
| State Farm | $51 | $145 | -8% |
| Kemper | $59 | $145 | -4% |
| Geico | $65 | $133 | -7% |
| Progressive | $75 | $143 | 3% |
Not in Albuquerque? Read more about the cheapest car insurance or the best provider in New Mexico.
Young drivers in Albuquerque pay higher insurance rates due to limited driving history. Central offers the lowest average premium for drivers ages 16 to 25 at $194 per month.
GEICO follows at $229 per month, while State Farm ranks third at $316. Young drivers save money by staying on a parent's policy rather than buying separate coverage.
Defensive driving courses reduce premiums by 5% to 15%.
Note: Teen drivers must meet New Mexico's licensing requirements and follow state rules for coverage minimums.
| Central Insurance | $194 | $2,332 | -45% |
| Geico | $229 | $2,743 | -35% |
| State Farm | $316 | $3,798 | -10% |
| Nationwide | $346 | $4,156 | -2% |
| Farm Bureau | $356 | $4,272 | 1% |
Seniors in Albuquerque can keep auto insurance costs manageable several ways. Many insurers offer discounts for completing a defensive driving course, with savings of up to 10% lasting several years.
Some companies also provide accident forgiveness options for drivers age 65 and older. Central offers the lowest average full coverage premium for seniors at $151 per month, followed by GEICO at $161 and Nationwide at $163.
GEICO also offers age-based discounts and credits for approved driver safety courses, which can help further reduce monthly costs for eligible seniors.
| Central Insurance | $151 | $1,811 | -19% |
| Geico | $161 | $1,936 | -13% |
| Nationwide | $163 | $1,959 | -12% |
| State Farm | $166 | $1,987 | -11% |
| Kemper | $177 | $2,123 | -5% |
Traffic violations increase insurance costs, though rates vary by provider in Albuquerque. For drivers with a DUI, State Farm offers the lowest average minimum coverage at $55 per month, followed by Central at $60.
Drivers with a speeding ticket see the lowest rates from Central at $43 monthly, with State Farm next at $55. After an at-fault accident, Central again has the lowest average minimum coverage at $34 per month, while State Farm’s average cost is $59.
Because pricing differs by insurer after a violation, reviewing quotes from several companies identifies more affordable options. Speeding tickets affect rates for three to five years, while DUIs influence premiums for a much longer period.
| At-Fault Accident | Central Insurance | $34 | -61% |
| At-Fault Accident | State Farm | $59 | -33% |
| DUI | State Farm | $55 | -43% |
| DUI | Central Insurance | $60 | -38% |
| Speeding Ticket | Central Insurance | $43 | -45% |
| Speeding Ticket | State Farm | $55 | -30% |
Car insurance costs in Albuquerque differ based on your ZIP code. The least expensive area, ZIP code 87122, averages $133 per month for full coverage, while ZIP code 87107 has the highest average at $164 per month.
This creates a $31 difference in monthly costs within the same city. Local theft activity, traffic conditions, and accident history within each ZIP code cause premiums to differ from one neighborhood to another.
| 87107 | $164 |
| 87123 | $161 |
| 87114 | $160 |
| 87108 | $149 |
| 87121 | $146 |
| 87102 | $145 |
| 87104 | $143 |
| 87131 | $140 |
| 87106 | $140 |
| 87110 | $140 |
| 87122 | $133 |
| 87115 | $133 |
| 87112 | $134 |
| 87111 | $135 |
| 87109 | $136 |
| 87120 | $136 |
| 87101 | $137 |
| 87113 | $138 |
| 87116 | $139 |
| 87131 | $140 |
Central ranks first in Albuquerque with a MoneyGeek score of 100. The insurer combines the lowest rates for multiple driver profiles with solid customer experience scores.
State Farm, GEICO, Progressive and Nationwide also rank among Albuquerque's top providers. These companies balance competitive pricing with dependable claims support and coverage options for New Mexico drivers.
| Central Insurance | 100 | 1 | 3 | 1 |
| State Farm | 84 | 2 | 4 | 6 |
| Geico | 83 | 3 | 5 | 6 |
| Progressive | 83 | 5 | 1 | 3 |
| Nationwide | 79 | 6 | 6 | 5 |
24/7 claims department
Drive Wise program rewards safe drivers
Covers high-risk and SR-22 drivers
No 24/7 customer service
Claim processing takes longer than competitors
Fewer online tools than major insurers
Central offers the lowest rates in Albuquerque for young drivers, seniors and drivers with at-fault accidents or speeding tickets.
The company provides online account tools and mobile app access for claims filing and policy management. Coverage options include comprehensive coverage, uninsured motorist protection and roadside assistance beyond basic liability.
Quick digital claims and settlements
Up to 30% off with Drive Safe & Save
Accepts high-risk drivers
Higher rates than local competitors
Fewer digital features than competitors
Fewer coverage options than top insurers
State Farm provides dependable claims support with 24/7 digital access through the Pocket Agent mobile app. The company's network of local agents and multi-policy discounts help drivers in Albuquerque, where auto theft rates remain elevated.
State Farm offers accident forgiveness options and coverage add-ons, including roadside assistance and rental car reimbursement.
Albuquerque drivers pay some of the highest car insurance rates in New Mexico. Finding affordable coverage requires comparing quotes from multiple insurers.
Bundle auto with home or renters (15% to 25% off). Add multi-car discounts (10% to 25% per vehicle). Combine good driver, paperless billing and automatic payment for 30% to 40% total savings.
Move from $500 to $1,000 and save 10% to 15% annually. Choose only what you can afford in cash.
Rates change yearly as companies adjust for Albuquerque's risk profile. Your driving record improves after three years, unlocking lower rates.
We break down coverage options and costs to help you get the financial protection you need at the best price.
Albuquerque car insurance is quite expensive. Full coverage runs about $143 monthly. That puts it among New Mexico's most expensive cities, while Alamogordo offers the cheapest rates at $41 monthly.
Insurers price policies differently across Albuquerque based on traffic congestion, theft risk and New Mexico's insurance requirements. Traffic congestion, theft risk and New Mexico's insurance requirements all shape your premium. Even within city limits, full coverage averages $140 per month in ZIP code 87131, compared to $164 in ZIP code 87107 and $161 in ZIP code 87123.
We partnered with the New Mexico Office of the Superintendent of Insurance and Quadrant Information Services to analyze hundreds of thousands of quotes from 12 insurers across every Albuquerque ZIP code.
Our ratings for the best car insurance in Albuquerque use a weighted score: affordability (60%), customer experience (30%) and coverage options (10%).
Read more about our methodology, which reveals which insurers maintain competitive rates across Albuquerque neighborhoods and driver categories while delivering reliable claims service, not just advertised rates for perfect-record drivers.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
