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Key Takeaways

  • New Mexico has comparatively affordable car insurance rates in the country, with Albuquerque paying a tad bit more than the statewide average.
  • New Mexico car insurance full coverage costs $1,334 per year, and minimum coverage costs $970 per year, on average.

How Much Does Car Insurance Cost In Albuquerque?

Albuquerque Rates Vs New Mexico Vs United States Averages

The average driver in Albuquerque pays $1,562 per year for car insurance. That's more than the average price in New Mexico, which is $1,334, and more than the average price in the U.S., which is $1,557. Our car insurance guide in New Mexico includes average rates based on age, credit score, driving history, and marital status.

Albuquerque (Annual Average) New Mexico (Annual Average) United States (Annual Average)
$1,562 $1,334 $1,557

Albuquerque Auto Insurance Premiums By Company

For a typical driver in Albuquerque, USAA has the lowest premiums. Check out the list below to find the best options for cheap car insurance in Albuquerque. Don't forget to get quotes for car insurance based on how you drive.

Insurance Company Annual Rate
USAA $1,086
State Farm $1,334
Progressive $1,892
Allstate $2,134

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Albuquerque Auto Insurance Premiums By Age Group

Drivers in Albuquerque in their 50's spend an average of $1,421 in annual car insurance premiums, making them the most cost-effective to insure. Albuquerque drivers in their 60s may expect to pay $1,456 per year in insurance premiums.

Albuquerque's teen drivers pay $4,068 more in insurance premiums than drivers in their 20s, the highest such disparity between any two age groups.

Age Average Annual Rate
Teenagers $6,164
20s $2,096
30s $1,536
40s $1,496
50s $1,421
60s $1,456
70s $1,812

Albuquerque Auto Insurance Premiums By Marital status

Car insurance premiums are lower for married drivers than for single drivers in Albuquerque.

Marital Status Average Annual Rate
Single $1,426
Married $1,422
Divorced $1,562
Widowed $1,532

Albuquerque Auto Insurance Premiums By Gender

Female drivers in Albuquerque pay $1 more per year for car insurance than male drivers.

Gender Average Annual Rate
Female $1,558
Male $1,557

Albuquerque Auto Insurance Premiums By Driving record

Reckless drivers in Albuquerque face an annual rate increase of around $760 over the city average when it comes to vehicle insurance. Speeding tickets result in an around $350 increase in insurance premiums, while a DWI or DUI infraction costs $860 per year.

 Incident Average Annual Rate
DWI/DUI $2,422
Reckless Driving $2,318
At-fault Accident (damages less than $1,000) $2,026
At-fault Accident (damages greater than $2,000) $2,353
Speeding Ticket (16-20 mph over speed limit) $1,919

Albuquerque Auto Insurance Premiums By Credit Rating

Credit score improvement from the "Very Poor" (300-579) to the "Exceptional" tier (800-850) results in a 57% decrease in car insurance prices in Albuquerque. If your credit rating improves from "Very Poor" to "Fair," you may be eligible for a reduction in the cost of your auto insurance. Moving into the "Fair" credit rating in Albuquerque saves an average of $1,220 per year on insurance premiums.

Credit Score Average Annual Rate
Very Poor $3,036
Fair $1,816
Good $1,564
Very Good $1,452
Exceptional $1,322

Albuquerque Auto Insurance Premiums by Zip Code

Even though the cost of auto insurance in a city tends to be about the same, rates can be higher or lower depending on things like the number of people living there, the amount of traffic, and the crime rate. Different ZIP codes in Albuquerque have different rates too.

ZIP code Average Annual Rate
87114 $1,102
87111 $1,103
87120 $1,112
87121 $1,244

What Would Increase Your Car Insurance Rate In Albuquerque?

Due to a variety of factors, such as the state's auto insurance legislation, weather conditions, the average driver and number of uninsured motorists, New Mexico car insurance prices can increase.

Auto Theft Statistics In Albuquerque

Motor vehicle theft is particularly prevalent in the New Mexico metro area surrounding Albuquerque, one of the nation's most populous cities. FBI data shows there will be 6,120 vehicle thefts inside the metro area in 2020, which is significantly more than the national rate of 246 per 100,000 inhabitants.

Accidents Statistics In Albuquerque

All signalized crossings in Albuquerque, including the 20 Red Light Camera intersections and 38 non-Red Light Camera comparison junctions. Albuquerque had 44,474 collisions at signalized crossings between January 2000 and December 2008, 7,174 collisions at 38 comparison intersections, and 6,331 collisions at 20 Red Light Camera intersections during that time period.

Solely 35% of accidents involving angles resulted in injury, while 64.9% resulted in property damage only in both fatalities. Injurious rear-end collisions accounted for over 32% of all collisions, while property damage accounted for the remaining 68.2%.

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Auto insurance in Albuquerque: Minimum insurance requirement in New Mexico

Coverage Limits
Bodily injury liability $50,000 per person
$100,000 per accident
Personal injury protection $10,000
Property damage liability $25,000 per accident
Uninsured/underinsured motorist bodily injury $50,000 per person
$100,000 per accident
Comprehensive and collision $500 deductible

Useful Info For Driving in Albuquerque


When driving in Albuquerque NM during rainy weather, slow down and increase the space between your vehicle and other vehicles.

When it rains in New Mexico, the oils in the asphalt might rise to the surface due to the state's dry climate, making the roads slippery and endangering the lives of everyone on the road. Because of the slickness, everyone should drive gently in the rain. Increase the gap between your bumper and hood when driving in the rain. Ideally, you want to stay a safe distance away from the vehicle ahead of you in the event of an accident.

The safest thing to do is to put your hands in the "10 and 2" position, remove your foot off the accelerator, and keep the car travelling in the same direction as it was before the hydroplaning occurred.

Albuquerque Rapid Transit (ART)

Albuquerque Rapid Transit (ART) is a great option if you plan to spend most of your time in Albuquerque's Central Avenue corridor. With its diesel-electric hybrid ABQ RIDE and Rapid Ride express buses, Albuquerque Rapid Transit (ART) is the city's bus rapid transit system.

ABQ RIDE, the city of Albuquerque's official smartphone app, provides real-time bus tracking and stop showing information so you can better navigate the city's public transportation system. New Mexico Rail Runner Express offers a variety of rates, including single-day unlimited ride passes and combo fares.

From 5.30 am to 10 p.m. on Mondays through Thursdays, and until 11 p.m. on Fridays and Saturdays, and from 6.15 am to 7 p.m. on Sundays, the ART buses are available. The Central Avenue bus route is served by a number of platform stations, curbside stations, and curbside stops.

A ticket vending machine or the app can be used to purchase tickets in advance of boarding. If you're getting on the bus at a curbside stop, you'll have to buy your ticket there.

Car Rental

A car rental is an excellent way to navigate around Albuquerque, especially if you want the flexibility of being able to visit nearby destinations like Santa Fe or the Sandia Mountains on your own schedule.

Albuquerque drivers should be aware of a few peculiarities, such as the requirement to remain clear of designated red ART bus lanes, as well as ART traffic lights with three distinct light signals: "vertical line" indicates "go," "triangle" caution means "yield," and "horizontal line" means "stop."

You can only make left or right turns or U-turns at intersections marked with an arrow. Albuquerque's two major interstates, the I-40 and the I-25, and their complicated stack junction nicknamed 'The Big I,' are frequently congested to a mild degree.

Driving Conditions in Albuquerque

  • The city of Albuquerque, New Mexico, receives an average of 11 inches of rain per year. Rainfall in the United States averages 38 inches per year.
  • There are 11 inches of snow on average per year in Albuquerque, New Mexico. Snowfall in the United States is around 28 inches on average per year.
  • Albuquerque enjoys an average of 280 days of sunshine each year. The average number of sunny days per year in the United States is 205.
  • On average, the city of Albuquerque receives some type of precipitation 57 days out of the year.
  • Climate has it's influence on the transportation and crash rates are pretty high in Albuquerque.

Car Insurance Companies in Albuquerque

If you drive and own a car, you need auto insurance not only for your protection but also because New Mexico state law requires it. These are the top car insurance companies in Albuquerque:

Car Insurance Companies in Albuquerque
Acceptance Insurance AFI
Allied Allstate
American Family Amica Mutual Insurance
Auto-Owners Branch
Dairyland Encompass
Farmers FIMC
Foremost Grange Insurance
Hippo Kemper Auto
Liberty Mutual Mendota
MetLife National General
New Mexico Farm Bureau Nationwide
Progressive Safe Auto
Safeco State Auto
State Farm Titan
Travelers Unitrin

Auto Insurance Data Methodology

The auto insurance rates published in this guide are based on the results of research completed by’s data team. Using a mix of public and internal data, we analyzed millions of rate averages across U.S. ZIP codes.

Quotes are typically based on a full coverage policy average unless otherwise noted within the content.

These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes will differ. Given this, it’s important to go through our insurance steps form to find how much you can save with


Is car insurance expensive in Albuquerque?

New Mexico has comparatively affordable car insurance rates in the country, with Albuquerque paying a tad bit more than the statewide average.

How much is car insurance in Albuquerque, New Mexico?

New Mexico car insurance full coverage costs $1,334 per year, and minimum coverage costs $970 per year, on average.

What is full coverage auto insurance in Albuquerque, NM?

The average driver in Albuquerque pays $1,562 per year for car insurance.

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Learn more by city and state for car insurance

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