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Average Cost of Car Insurance in Albuquerque

Albuquerque$1,133
New Mexico$1,133
U.S.$1,424

The average annual cost of car insurance in both Albuquerque and in the state of New Mexico is $1,133. The average car insurance rate in Albuquerque is slightly lower than the national average. Drivers in Albuquerque pay around 20.5% less than the national average cost of auto coverage.

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The Best Cheap Car Insurance Companies in Albuquerque

Drivers who are interested in getting a cost-effective auto coverage policy may be interested in finding out which provider is the most affordable car insurance company in Albuquerque. The most affordable insurance provider in Albuquerque is MetLife. For most drivers, a MetLife car insurance policy costs more than $500 less than similar coverage with Allied, the city’s most expensive car insurance company.

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Personalized Quotes to Get You the Cheapest Car Insurance in Albuquerque

Since the concept of auto coverage is all about providing financial protection against car-related risks, car insurance companies in Albuquerque look into several factors that can affect your car insurance quotes. Some of these factors include age, gender, marital status, ZIP code and make and model of the vehicle, among others.

For instance, in Albuquerque, a car insurance policy from State Farm for an 18-year-old driver is nearly three times more expensive than similar coverage for a 70-year-old driver. As your circumstances may change over time, it’s recommended that you frequently request a personalized quote so you can purchase a car insurance plan that’s best suited to your current needs.

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Cheapest Car Insurance in Albuquerque by Coverage Amount

How much car insurance coverage you purchase in Albuquerque also affects how much your policy will cost. Coverage includes required liability coverage and optional items like collision, comprehensive, and deductibles.

Visit these guides to learn more:

New Mexico Minimum Liability Requirements

  • Item
    Description
  • Bodily Injury and Property Damage
    $25,000 per person, $50,000 per accident and $10,000 for property damage. A more protective level is 100/300/100.

The more extensive your car insurance policy is, the costlier it will be. For example, in New Mexico, the state minimum requirement for auto coverage is 25/50/10.

MetLife offers both a 25/50/10 liability-only policy and also a 50/100/50 full-coverage plan. A 25/50/10 liability-only coverage plan covers $25,000 worth of injury liability for one person, totaling $50,000 per vehicle, along with a $10,000 limit for property damage repair.

A 50/100/50 full-coverage plan from MetLife, which also covers your own expenses in case of an accident, costs about $480 more than a 25/50/10 liability-only policy. This cost is because it provides more coverage and its limits are higher, with coverage of up to $50,000 worth of injury liability for one person, with a total of $100,000 per vehicle, along with a $50,000 limit for property damage.

Average Car Insurance Premiums by Coverage Type

Liability Only
Full Coverage
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Cheapest Car Insurance in Albuquerque if You Have Tickets

A driver looking for cheap car insurance in Albuquerque may be interested to find out that they can get a more affordable rate if they have a clean driving record. For instance, in Albuquerque, Progressive policyholders with a clean driving record will pay an average of $402 less per year for their car insurance than drivers with a speeding ticket.

A DUI on a driver’s record is also considered, as MetLife policyholders in Albuquerque with a DUI will pay an average of $1,326 more for their car insurance policy than drivers with a clean record.

  • Company
    Speeding Ticketper year
    At-Fault Accidentper year
    DUIper year
  • $1,121
    $1,121
    $1,121
  • $1,188
    $1,384
    $1,451
  • $1,181
    $1,418
    $2,236
  • $1,434
    $1,648
    $1,585
  • $1,488
    $1,960
    $1,329
  • $1,359
    $2,021
    $4,034
  • 7. Allied
    $1,694
    $2,439
    $3,118

Average Cost of Car Insurance by Postal Code

Not all neighborhoods auto insurance rates are the same. Different neighborhoods have different risks associated with them, so car insurance companies in Albuquerque consider your specific place of residence when they determine your rate. For instance, policyholders living in Albuquerque's most affordable neighborhood for auto coverage, 87114, will pay almost $140 less in annual car insurance premiums than car insurance policyholders living in ZIP code 87121.

  • Zip Code
    State Minimumper year
  • 87114
    $1,096
  • 87111
    $1,098
  • 87120
    $1,104
  • 87121
    $1,234

Factors That Impact Insurance Costs in Albuquerque

In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of fatal accidents also contribute to car insurance rates in Albuquerque. How Albuquerque ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.

accident2 icon
Most Accidents With Fatalities27th/300
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Most Car Thefts305th/300
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Most Uninsured Motorists by State3rd/50
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Personal Injury Protection RequiredNo
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Most Annual Rainfall289th/300
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Most Rainy Days230th/300

Shopping around for car insurance in Albuquerque could save you $223, which is enough to buy:


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74Cups of Coffee
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17Months of Your Favorite Streaming Service

Methodology and Assumptions

MoneyGeek’s average premium rates for Albuquerque are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.

Compare Car Insurance Rates in Albuquerque

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.

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About the Author


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The MoneyGeek editorial team has decades of combined experience in writing and publishing information about how people should manage money and credit. Our editors have worked with numerous publications including The Washington Post, The Daily Business Review, HealthDay, and Time, Inc., and have won numerous journalism awards. Our talented team of contributing writers include mortgage experts, veteran financial reporters, and award-winning journalists. Learn more about the MoneyGeek team.