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Auto insurance rates are influenced by your driving profile. State Farm is the cheapest option for minimum coverage and for drivers with a violation. Nationwide is the cheapest for full coverage policies as well as for young drivers, seniors, those with poor credit and sports car owners. The cheapest providers for teens and military personnel are Allstate and USAA, respectively.

MoneyGeek also evaluated the best auto insurance companies in Albuquerque that balance affordability and service.

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2023

Cheapest Car Insurance in Albuquerque, NM

Cheapest Minimum Coverage Car Insurance in Albuquerque

MoneyGeek found that the most affordable auto insurance for a minimum coverage policy in Albuquerque is offered by:

  • State Farm: $357 per year
  • Nationwide: $363 per year

Kemper is the most expensive company for minimum coverage, with rates around $805 per year. State Farm also offers the cheapest car insurance in New Mexico as of October 2022, with rates averaging $254 per year, meaning that car insurance in Albuquerque is more expensive than in other cities across the state.

Company
Annual Premium
Monthly Premium

State Farm

$336

$28

Nationwide

$352

$29

Iowa Farm Bureau

$355

$30

State Farm

$357

$30

Nationwide

$363

$30

Iowa Farm Bureau

$412

$34

State Farm

$435

$36

Nationwide

$495

$41

Progressive

$517

$43

Progressive

$521

$43

GEICO

$543

$45

Farmers

$562

$47

Iowa Farm Bureau

$565

$47

Progressive

$586

$49

Farmers

$598

$50

Allstate

$600

$50

GEICO

$602

$50

Allstate

$608

$51

Allstate

$661

$55

GEICO

$677

$56

Farmers

$698

$58

Nationwide

$733

$61

State Farm

$781

$65

Kemper

$805

$67

Nationwide

$810

$67

State Farm

$856

$71

Kemper

$872

$73

Kemper

$892

$74

GEICO

$1,022

$85

Nationwide

$1,028

$86

Farmers

$1,074

$90

Allstate

$1,078

$90

GEICO

$1,078

$90

State Farm

$1,089

$91

Farmers

$1,109

$92

Allstate

$1,153

$96

Allstate

$1,154

$96

Progressive

$1,290

$107

Progressive

$1,330

$111

GEICO

$1,330

$111

Farmers

$1,345

$112

Iowa Farm Bureau

$1,415

$118

Iowa Farm Bureau

$1,524

$127

Progressive

$1,629

$136

Iowa Farm Bureau

$1,748

$146

Kemper

$1,942

$162

Kemper

$1,951

$163

Kemper

$2,223

$185

Insurance Rates

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

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All minimum coverage auto insurance policies in New Mexico must include liability coverage in accordance with state law:

  • $25,000 bodily injury liability per person
  • $50,000 bodily injury liability per accident
  • $10,000 property damage liability per accident

Drivers with a liability-only policy who are involved in an at-fault accident will only be covered for damages to the other car, driver and passengers. The insurance company will cover medical expenses for each passenger up to $25,000, for a maximum of $50,000 per accident. The driver who caused the accident will shoulder any costs that exceed these limits.

Cheapest Full Coverage Car Insurance in Albuquerque

The cheapest full coverage car insurance policies in Albuquerque are from:

  • Nationwide: $810 per year
  • State Farm: $856 per year

With rates averaging $1,951 per year, Kemper offers the priciest premiums for full coverage policies. As of October 2022, State Farm is the cheapest company for full coverage car insurance in New Mexico, with average rates of $644 per year, demonstrating how location can greatly impact auto insurance premiums.

Company
Annual Premium
Monthly Premium

State Farm

$336

$28

Nationwide

$352

$29

Iowa Farm Bureau

$355

$30

State Farm

$357

$30

Nationwide

$363

$30

Iowa Farm Bureau

$412

$34

State Farm

$435

$36

Nationwide

$495

$41

Progressive

$517

$43

Progressive

$521

$43

GEICO

$543

$45

Farmers

$562

$47

Iowa Farm Bureau

$565

$47

Progressive

$586

$49

Farmers

$598

$50

Allstate

$600

$50

GEICO

$602

$50

Allstate

$608

$51

Allstate

$661

$55

GEICO

$677

$56

Farmers

$698

$58

Nationwide

$733

$61

State Farm

$781

$65

Kemper

$805

$67

Nationwide

$810

$67

State Farm

$856

$71

Kemper

$872

$73

Kemper

$892

$74

GEICO

$1,022

$85

Nationwide

$1,028

$86

Farmers

$1,074

$90

Allstate

$1,078

$90

GEICO

$1,078

$90

State Farm

$1,089

$91

Farmers

$1,109

$92

Allstate

$1,153

$96

Allstate

$1,154

$96

Progressive

$1,290

$107

Progressive

$1,330

$111

GEICO

$1,330

$111

Farmers

$1,345

$112

Iowa Farm Bureau

$1,415

$118

Iowa Farm Bureau

$1,524

$127

Progressive

$1,629

$136

Iowa Farm Bureau

$1,748

$146

Kemper

$1,942

$162

Kemper

$1,951

$163

Kemper

$2,223

$185

A full coverage policy includes comprehensive and collision insurance on top of liability coverage.

  • Collision insurance: Covers damages to your vehicle from collisions with objects and other cars.
  • Comprehensive insurance: Offers protection against damage to your car in case of vandalism, severe weather and theft.

Opting for full coverage provides you with better protection and is generally recommended for most drivers. However, it might not be worth the extra money if you have an older car with a low value.

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Cheapest Car Insurance in Albuquerque After a Driving Offense

The most affordable car insurance companies following a driving violation in Albuquerque are:

  • Speeding ticket: State Farm ($949 per year)
  • At-fault accident: State Farm ($1,031 per year)
  • DUI: State Farm ($949 per year)

Drivers can expect the most expensive quotes from Iowa Farm Bureau after a DUI ($2,488 per year) and from Kemper after an at-fault accident or speeding ticket ($2,488 and $2,334, respectively).

Poor driving records can significantly impact auto insurance premiums. In most cases, the cheapest rates for drivers with a violation will still be costly compared to rates for safe drivers.

Company
Annual Premium
Monthly Premium

State Farm

$380

$32

State Farm

$380

$32

State Farm

$403

$34

State Farm

$403

$34

State Farm

$417

$35

Nationwide

$423

$35

Iowa Farm Bureau

$433

$36

Nationwide

$435

$36

State Farm

$443

$37

State Farm

$490

$41

State Farm

$490

$41

Iowa Farm Bureau

$504

$42

State Farm

$539

$45

Nationwide

$558

$47

Progressive

$562

$47

Nationwide

$569

$47

Nationwide

$573

$48

Iowa Farm Bureau

$586

$49

Progressive

$589

$49

Progressive

$619

$52

GEICO

$631

$53

Progressive

$634

$53

Progressive

$636

$53

Allstate

$651

$54

Allstate

$660

$55

Iowa Farm Bureau

$682

$57

Iowa Farm Bureau

$690

$58

Progressive

$694

$58

Farmers

$695

$58

Nationwide

$700

$58

GEICO

$704

$59

Nationwide

$715

$60

Allstate

$722

$60

Nationwide

$737

$61

Allstate

$758

$63

Progressive

$759

$63

Allstate

$766

$64

Allstate

$770

$64

GEICO

$773

$64

Allstate

$778

$65

Farmers

$790

$66

Progressive

$797

$66

Farmers

$801

$67

GEICO

$809

$67

Progressive

$821

$68

Farmers

$828

$69

Farmers

$844

$70

Iowa Farm Bureau

$846

$70

Allstate

$848

$71

Allstate

$859

$72

State Farm

$868

$72

State Farm

$868

$72

Nationwide

$879

$73

Nationwide

$884

$74

Farmers

$917

$76

GEICO

$931

$78

Iowa Farm Bureau

$933

$78

Farmers

$937

$78

State Farm

$945

$79

Kemper

$947

$79

State Farm

$949

$79

State Farm

$949

$79

Farmers

$950

$79

Nationwide

$960

$80

Kemper

$965

$80

Farmers

$982

$82

Iowa Farm Bureau

$984

$82

GEICO

$1,009

$84

Kemper

$1,014

$85

Kemper

$1,023

$85

State Farm

$1,031

$86

Kemper

$1,031

$86

Kemper

$1,033

$86

Kemper

$1,051

$88

Kemper

$1,091

$91

Kemper

$1,110

$93

Nationwide

$1,152

$96

GEICO

$1,166

$97

Nationwide

$1,183

$99

Allstate

$1,192

$99

State Farm

$1,210

$101

State Farm

$1,210

$101

GEICO

$1,237

$103

Nationwide

$1,249

$104

Allstate

$1,278

$107

Allstate

$1,283

$107

GEICO

$1,294

$108

State Farm

$1,316

$110

GEICO

$1,328

$111

Iowa Farm Bureau

$1,347

$112

GEICO

$1,370

$114

Allstate

$1,412

$118

Farmers

$1,418

$118

Nationwide

$1,448

$121

Allstate

$1,450

$121

Farmers

$1,454

$121

Progressive

$1,504

$125

Allstate

$1,515

$126

Progressive

$1,523

$127

Nationwide

$1,523

$127

Allstate

$1,531

$128

Nationwide

$1,544

$129

Iowa Farm Bureau

$1,545

$129

Farmers

$1,549

$129

Allstate

$1,558

$130

GEICO

$1,571

$131

Allstate

$1,575

$131

Farmers

$1,609

$134

GEICO

$1,617

$135

Farmers

$1,622

$135

Farmers

$1,654

$138

Iowa Farm Bureau

$1,678

$140

Farmers

$1,679

$140

Progressive

$1,709

$142

Progressive

$1,727

$144

GEICO

$1,770

$148

Farmers

$1,787

$149

Iowa Farm Bureau

$1,797

$150

Progressive

$1,814

$151

Nationwide

$1,819

$152

Farmers

$1,863

$155

Iowa Farm Bureau

$1,952

$163

Iowa Farm Bureau

$1,978

$165

Progressive

$2,048

$171

GEICO

$2,058

$171

Progressive

$2,125

$177

Progressive

$2,173

$181

Iowa Farm Bureau

$2,228

$186

GEICO

$2,257

$188

Kemper

$2,325

$194

Progressive

$2,327

$194

Kemper

$2,334

$195

Iowa Farm Bureau

$2,347

$196

Kemper

$2,397

$200

Kemper

$2,407

$201

Kemper

$2,481

$207

Kemper

$2,488

$207

Iowa Farm Bureau

$2,488

$207

GEICO

$2,558

$213

Kemper

$2,604

$217

GEICO

$2,636

$220

Kemper

$2,679

$223

Kemper

$2,761

$230

Iowa Farm Bureau

$3,021

$252

Auto insurance rates generally increase depending on the severity of the violation. For example, getting a speeding ticket in Albuquerque will increase premiums by $227, while rates go up by $559 after a DUI. However, it's still possible to find cheap car insurance with a poor driving record.

Cheapest Car Insurance in Albuquerque for Teens and Their Families

Families looking to include teens on a family policy in Albuquerque will find the cheapest options with the following companies:

  • Allstate: $1,972 per year for female teens; Nationwide at $2,168 for male teens
  • Nationwide: $2,002 per year for female teens; Allstate at $2,191 for male teens

Kemper charges the most expensive rates at $6,491 per year for female teens and $6,926 for male teens. Auto insurance is often more expensive for male teens since they’re considered riskier drivers — male teens pay $219 more than female teens with Allstate in Albuquerque. However, this difference levels off as teens become young adults.

Company
Family Plan Annual Premium
Individual Plan Monthly Premium

Allstate

$1,246

$1,551

Allstate

$1,310

$1,587

Allstate

$1,317

$1,640

Allstate

$1,340

$2,077

Nationwide

$1,361

$2,010

State Farm

$1,364

$2,045

Nationwide

$1,378

$2,154

Allstate

$1,401

$1,980

Allstate

$1,406

$3,497

Nationwide

$1,430

$2,706

Allstate

$1,450

$1,806

Nationwide

$1,476

$2,990

State Farm

$1,498

$2,246

Allstate

$1,500

$1,817

Allstate

$1,502

$2,327

Farmers

$1,511

$2,418

Allstate

$1,514

$2,465

State Farm

$1,547

$2,266

Nationwide

$1,550

$2,291

Allstate

$1,555

$2,827

Farmers

$1,559

$2,561

State Farm

$1,563

$2,661

Nationwide

$1,567

$2,548

Allstate

$1,579

$2,222

Nationwide

$1,599

$2,500

Nationwide

$1,612

$2,796

State Farm

$1,616

$2,423

Nationwide

$1,631

$2,410

State Farm

$1,659

$2,862

Allstate

$1,671

$2,024

Nationwide

$1,681

$2,627

State Farm

$1,726

$2,529

Allstate

$1,754

$4,437

Allstate

$1,804

$3,380

State Farm

$1,817

$3,093

GEICO

$1,819

$3,587

Allstate

$1,822

$2,967

GEICO

$1,825

$2,730

Nationwide

$1,843

$4,801

Nationwide

$1,845

$4,138

GEICO

$1,869

$3,331

GEICO

$1,869

$2,535

GEICO

$1,870

$2,797

State Farm

$1,881

$3,246

State Farm

$1,881

$3,630

State Farm

$1,885

$2,762

GEICO

$1,898

$2,575

Nationwide

$1,919

$3,633

Allstate

$1,930

$4,800

GEICO

$1,954

$3,239

GEICO

$1,956

$2,926

Allstate

$1,972

$6,418

Nationwide

$1,977

$4,895

Nationwide

$1,995

$5,630

GEICO

$1,999

$3,017

Nationwide

$2,002

$5,498

GEICO

$2,004

$2,718

State Farm

$2,006

$3,406

Nationwide

$2,037

$4,127

Nationwide

$2,053

$5,349

State Farm

$2,133

$4,118

Nationwide

$2,168

$6,453

Allstate

$2,190

$5,542

Allstate

$2,191

$6,649

Farmers

$2,195

$4,444

Nationwide

$2,222

$6,269

Progressive

$2,228

$2,698

Progressive

$2,244

$2,711

Farmers

$2,272

$4,232

GEICO

$2,284

$5,271

Farmers

$2,326

$10,393

Farmers

$2,328

$4,899

State Farm

$2,328

$4,492

State Farm

$2,333

$3,960

GEICO

$2,360

$4,654

GEICO

$2,374

$4,983

Progressive

$2,390

$3,587

Farmers

$2,394

$4,673

State Farm

$2,417

$4,666

State Farm

$2,428

$5,277

Farmers

$2,433

$4,925

Farmers

$2,444

$3,909

Farmers

$2,450

$5,512

Farmers

$2,452

$11,242

GEICO

$2,459

$4,385

GEICO

$2,474

$6,890

Progressive

$2,481

$3,724

Farmers

$2,487

$3,978

Progressive

$2,490

$3,016

Progressive

$2,521

$4,041

Farmers

$2,522

$5,307

Progressive

$2,533

$7,184

Progressive

$2,540

$3,366

Farmers

$2,546

$4,182

GEICO

$2,550

$6,576

Farmers

$2,552

$5,904

Progressive

$2,578

$3,945

Progressive

$2,624

$3,170

Farmers

$2,626

$4,313

Progressive

$2,666

$3,229

Progressive

$2,668

$3,563

State Farm

$2,670

$5,105

Progressive

$2,786

$8,064

Progressive

$2,794

$4,590

Progressive

$2,805

$4,293

Farmers

$2,809

$12,550

GEICO

$2,837

$7,902

Progressive

$2,854

$3,448

Farmers

$2,878

$15,629

Progressive

$2,941

$8,341

GEICO

$2,966

$9,989

GEICO

$2,966

$7,649

Farmers

$2,984

$13,678

State Farm

$3,034

$5,801

State Farm

$3,047

$6,573

Farmers

$3,054

$17,081

GEICO

$3,154

$10,181

Progressive

$3,179

$9,202

Kemper

$3,185

$3,120

Progressive

$3,286

$12,430

Kemper

$3,381

$3,310

Progressive

$3,567

$13,701

Kemper

$3,724

$3,648

Kemper

$3,724

$3,648

Kemper

$3,953

$5,074

Kemper

$3,957

$3,874

Kemper

$3,957

$3,874

Kemper

$4,143

$5,074

Kemper

$4,201

$5,394

Kemper

$4,407

$5,394

Kemper

$4,777

$6,238

Kemper

$5,082

$6,634

Kemper

$5,094

$6,238

Kemper

$5,419

$6,634

Kemper

$5,639

$10,167

Kemper

$5,639

$10,167

Kemper

$6,022

$10,844

Kemper

$6,022

$10,844

Kemper

$6,491

$14,772

Kemper

$6,926

$15,729

You can potentially save thousands of dollars per year by adding your teen to a family policy. In Albuquerque, a 16-year-old male teen would pay $3,057 more for a separate policy than if they were included on a family policy. Compare the different cheapest auto insurance options for teens to find the best policy for your household.

Cheapest Car Insurance in Albuquerque for Military Drivers

Veterans, active military members and their families can get the most affordable full coverage policies with these companies:

  • USAA: $595 per year
  • Nationwide: $810 per year

USAA also offers the cheapest minimum coverage insurance for military personnel, with average rates of $240 per year. State Farm is another affordable option at $357 per year.

Company
Annual Premium
Monthly Premium

USAA

$240

$20

USAA

$275

$23

USAA

$305

$25

State Farm

$336

$28

Nationwide

$352

$29

Iowa Farm Bureau

$355

$30

State Farm

$357

$30

Nationwide

$363

$30

Iowa Farm Bureau

$412

$34

State Farm

$435

$36

Nationwide

$495

$41

Progressive

$517

$43

Progressive

$521

$43

GEICO

$543

$45

Farmers

$562

$47

Iowa Farm Bureau

$565

$47

Progressive

$586

$49

USAA

$595

$50

Farmers

$598

$50

Allstate

$600

$50

GEICO

$602

$50

Allstate

$608

$51

USAA

$625

$52

Allstate

$661

$55

GEICO

$677

$56

Farmers

$698

$58

Nationwide

$733

$61

USAA

$747

$62

State Farm

$781

$65

Kemper

$805

$67

Nationwide

$810

$67

State Farm

$856

$71

Kemper

$872

$73

Kemper

$892

$74

GEICO

$1,022

$85

Nationwide

$1,028

$86

Farmers

$1,074

$90

Allstate

$1,078

$90

GEICO

$1,078

$90

State Farm

$1,089

$91

Farmers

$1,109

$92

Allstate

$1,153

$96

Allstate

$1,154

$96

Progressive

$1,290

$107

Progressive

$1,330

$111

GEICO

$1,330

$111

Farmers

$1,345

$112

Iowa Farm Bureau

$1,415

$118

Iowa Farm Bureau

$1,524

$127

Progressive

$1,629

$136

Iowa Farm Bureau

$1,748

$146

Kemper

$1,942

$162

Kemper

$1,951

$163

Kemper

$2,223

$185

How to Compare Cheap Albuquerque Car Insurance Quotes Online

It can take at least 15 minutes to get a quote from just one insurance provider, which can add up quickly if you're planning to compare estimates. You’ll also need to provide a lot of personal information. MoneyGeek’s auto insurance calculator can provide you with a quick estimate using basic details like your age, vehicle type, coverage level and driving record. We don’t give your information to car insurance companies, either.

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MetLife

Cheapest Car Insurance in Albuquerque for Young Adults

The cheapest full coverage car insurance for young adults in Albuquerque is available from the following companies:

  • Nationwide: $1,028 per year
  • State Farm: $1,089 per year

Kemper has the most expensive premiums, costing around $2,223 per year. On average, 25-year-olds pay higher rates than 40-year-olds due to their relative lack of driving experience. In Albuquerque, young drivers can expect to pay roughly $1,443 per year, while middle-aged drivers pay around $1,210 per year.

Company
Annual Premium
Monthly Premium

State Farm

$336

$28

Nationwide

$352

$29

Iowa Farm Bureau

$355

$30

State Farm

$357

$30

Nationwide

$363

$30

Iowa Farm Bureau

$412

$34

State Farm

$435

$36

Nationwide

$495

$41

Progressive

$517

$43

Progressive

$521

$43

GEICO

$543

$45

Farmers

$562

$47

Iowa Farm Bureau

$565

$47

Progressive

$586

$49

Farmers

$598

$50

Allstate

$600

$50

GEICO

$602

$50

Allstate

$608

$51

Allstate

$661

$55

GEICO

$677

$56

Farmers

$698

$58

Nationwide

$733

$61

State Farm

$781

$65

Kemper

$805

$67

Nationwide

$810

$67

State Farm

$856

$71

Kemper

$872

$73

Kemper

$892

$74

GEICO

$1,022

$85

Nationwide

$1,028

$86

Farmers

$1,074

$90

Allstate

$1,078

$90

GEICO

$1,078

$90

State Farm

$1,089

$91

Farmers

$1,109

$92

Allstate

$1,153

$96

Allstate

$1,154

$96

Progressive

$1,290

$107

Progressive

$1,330

$111

GEICO

$1,330

$111

Farmers

$1,345

$112

Iowa Farm Bureau

$1,415

$118

Iowa Farm Bureau

$1,524

$127

Progressive

$1,629

$136

Iowa Farm Bureau

$1,748

$146

Kemper

$1,942

$162

Kemper

$1,951

$163

Kemper

$2,223

$185

Cheapest Car Insurance in Albuquerque for Seniors

The following companies offer the cheapest full coverage car insurance for seniors in Albuquerque:

  • Nationwide: $733 per year
  • State Farm: $781 per year

On the other hand, Kemper charges the priciest rates, averaging $1,942 per year. In Albuquerque, rates for seniors are slightly cheaper on average ($1,183 per year) than for 40-year-old drivers ($1,210 per year).

Company
Annual Premium
Monthly Premium

State Farm

$336

$28

Nationwide

$352

$29

Iowa Farm Bureau

$355

$30

State Farm

$357

$30

Nationwide

$363

$30

Iowa Farm Bureau

$412

$34

State Farm

$435

$36

Nationwide

$495

$41

Progressive

$517

$43

Progressive

$521

$43

GEICO

$543

$45

Farmers

$562

$47

Iowa Farm Bureau

$565

$47

Progressive

$586

$49

Farmers

$598

$50

Allstate

$600

$50

GEICO

$602

$50

Allstate

$608

$51

Allstate

$661

$55

GEICO

$677

$56

Farmers

$698

$58

Nationwide

$733

$61

State Farm

$781

$65

Kemper

$805

$67

Nationwide

$810

$67

State Farm

$856

$71

Kemper

$872

$73

Kemper

$892

$74

GEICO

$1,022

$85

Nationwide

$1,028

$86

Farmers

$1,074

$90

Allstate

$1,078

$90

GEICO

$1,078

$90

State Farm

$1,089

$91

Farmers

$1,109

$92

Allstate

$1,153

$96

Allstate

$1,154

$96

Progressive

$1,290

$107

Progressive

$1,330

$111

GEICO

$1,330

$111

Farmers

$1,345

$112

Iowa Farm Bureau

$1,415

$118

Iowa Farm Bureau

$1,524

$127

Progressive

$1,629

$136

Iowa Farm Bureau

$1,748

$146

Kemper

$1,942

$162

Kemper

$1,951

$163

Kemper

$2,223

$185

Cheapest Car Insurance in Albuquerque for Poor Credit

Drivers with poor credit in Albuquerque will find the cheapest full coverage policies from:

  • Nationwide: $1,102 per year
  • Allstate: $1,359 per year

Once again, Kemper has the priciest rates, averaging $2,347 per year. Auto insurance rates for Albuquerque drivers with poor credit are about 44% higher than those for drivers with good credit, corresponding to a difference of $537 per year. That said, you can still find affordable car insurance with bad credit.

Company
Annual Premium
Monthly Premium

Nationwide

$469

$39

Nationwide

$485

$40

Nationwide

$663

$55

Progressive

$664

$55

Progressive

$670

$56

Allstate

$705

$59

Allstate

$715

$60

State Farm

$729

$61

Iowa Farm Bureau

$729

$61

GEICO

$751

$63

Progressive

$758

$63

State Farm

$776

$65

Allstate

$787

$66

Farmers

$816

$68

GEICO

$843

$70

Iowa Farm Bureau

$848

$71

Farmers

$870

$73

State Farm

$944

$79

Kemper

$953

$79

GEICO

$960

$80

Nationwide

$989

$82

Farmers

$1,013

$84

Kemper

$1,033

$86

Kemper

$1,057

$88

Nationwide

$1,102

$92

Iowa Farm Bureau

$1,115

$93

Allstate

$1,359

$113

Nationwide

$1,407

$117

Allstate

$1,459

$122

Allstate

$1,462

$122

GEICO

$1,505

$125

GEICO

$1,592

$133

Farmers

$1,678

$140

State Farm

$1,696

$141

Farmers

$1,720

$143

Progressive

$1,797

$150

Progressive

$1,859

$155

State Farm

$1,860

$155

GEICO

$1,990

$166

Iowa Farm Bureau

$2,007

$167

Farmers

$2,088

$174

Iowa Farm Bureau

$2,223

$185

Progressive

$2,285

$190

Kemper

$2,335

$195

Kemper

$2,347

$196

State Farm

$2,366

$197

Iowa Farm Bureau

$2,604

$217

Kemper

$2,674

$223

Those with poor credit are seen as more likely to file a claim, so they end up having to pay higher rates. However, there are several ways to secure a lower rate if you have bad credit, including taking advantage of discounts, comparing multiple quotes and bundling your auto and home insurance policies. You can also work to improve your credit score over time, which will in turn lower your rates.

Cheapest Car Insurance in Albuquerque for Sports Cars

The cheapest full coverage car insurance providers for sports car drivers in Albuquerque are:

  • Nationwide: $921 per year
  • Farmers: $1,033 per year

Kemper is the most expensive company, with annual premiums averaging $2,539 per year. Your vehicle’s make and model can greatly influence the cost of your auto insurance. Albuquerque drivers with a standard car pay an average of $1,210 per year for car insurance, which is about $159 — or 13% — less than the average rate for those with a sports car.

Company
Annual Premium
Monthly Premium

Nationwide

$362

$30

State Farm

$370

$31

Nationwide

$374

$31

State Farm

$392

$33

Farmers

$441

$37

GEICO

$464

$39

Farmers

$469

$39

State Farm

$479

$40

Progressive

$506

$42

Nationwide

$509

$42

GEICO

$510

$43

Progressive

$519

$43

Allstate

$545

$45

Farmers

$546

$46

Allstate

$551

$46

GEICO

$568

$47

Progressive

$588

$49

Allstate

$597

$50

Nationwide

$827

$69

Kemper

$869

$72

Nationwide

$921

$77

Kemper

$941

$78

State Farm

$961

$80

Kemper

$963

$80

Farmers

$974

$81

Farmers

$1,033

$86

State Farm

$1,054

$88

Allstate

$1,119

$93

GEICO

$1,137

$95

GEICO

$1,144

$95

Nationwide

$1,171

$98

Allstate

$1,174

$98

Allstate

$1,212

$101

Farmers

$1,247

$104

State Farm

$1,357

$113

GEICO

$1,486

$124

Progressive

$1,542

$129

Progressive

$1,780

$148

Progressive

$2,233

$186

Kemper

$2,486

$207

Kemper

$2,539

$212

Kemper

$2,905

$242

We used a Ford Mustang in our study to reflect auto insurance rates for sports cars. However, rates can widely vary between different car models. Drivers with luxury, sports or electric vehicles tend to pay a higher average rate for car insurance — this also holds true in Albuquerque.

Average Cost of Car Insurance in Albuquerque

In Albuquerque, the average cost of car insurance for a full coverage policy is $1,210 per year. This is $184 more than the average cost of car insurance in New Mexico but slightly less than the national average cost of auto insurance of $1,265 per year. In addition, rates in Albuquerque are more expensive than in New Mexico's second-biggest city, Las Cruces.

A full coverage policy has a bodily injury liability limit of $100,000 per person and $300,000 per accident, plus $100,000 in property damage liability per accident.

City
Full Coverage Average Annual Premium
Minimum Coverage Average Annual Premium

Las Cruces

$916

$405

Albuquerque

$1,210

$520

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.

Mark earned a master’s degree in Economics and International Relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.