Albuquerque Car Insurance

How much does car insurance cost in Albuquerque, NM? Check out the average rates that drivers pay below.

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What Is the Average Cost of Car Insurance in Albuquerque?

Albuquerque, New Mexico is a city known for its gorgeous adobe structures, fantastic outdoor adventures and the beautiful Sandia Mountains. Here, you can take an awe-inspiring hot air balloon flight over the city or ride the Sandia Peak Aerial Tramway for other stunning views. Residents can also enjoy the area's award-winning golf courses, mountain bike trails and river kayaking on the River Grande river.

Although some people travel through the city using ABQ Ride, it's always nicer to have a car to visit the city's parks, historic buildings and natural attractions.

Are you an Albuquerque resident who needs low-cost insurance coverage for your vehicle? SmartFinancial can help you find affordable insurers that fit your needs and budget.

In this article, you'll learn about the auto insurance requirements for Albuquerque.

Monthly Average Rates by Country, State, and City

Car insurance rates vary from driver to driver and are based on many factors that include driving history, claims history and where you live. Each city in New Mexico has different rates, and below, you can compare average rates with the national average. According to our data, drivers who live in Albuquerque typically pay around $128.03 per month compared to the national average of $146.47 per month. The best way to get a low rate is by comparison shopping. SmartFinancial can do that for you at no cost while pairing you with a reputable insurance company so you have no surprises if you have an accident.

AreaAverage Monthly Rate
National $146.47
New Mexico $111.76
Albuquerque, New Mexico $128.03

Albuquerque, NM Best Car Insurance Companies

car insurance in Albuquerque

Certain insurers will offer you better rates than others based on a myriad of factors, so you may get a better deal from one insurer over another for various reasons, and that’s why it’s important to compare. According to our data, GAINSCO Auto Insurance generally has the most affordable car insurance in Albuquerque coming in around $37.17 per month. Other companies to consider if you live in Albuquerque is USAA with an average cost of $94.33 per month and State Farm which typically runs around $109.85 per month. Check out the full list below. SmartFinancial rates the following insurers as the best insurance companies for drivers in Albuquerque.

RankCompanyAverage Monthly RateComparison State Average
1 GAINSCO Auto Insurance $37.17-66.74%
2 USAA $94.33-15.59%
3 State Farm $109.85-1.71%
4 Central Mutual Insurance Co $123.4010.42%
5 Farm Bureau Mutual (IA Group) $133.8219.74%
6 Metropolitan $138.0423.52%
7 Allied $158.6141.92%
8 Nationwide $178.3259.56%
9 Allstate $180.6761.67%
10 Kemper Auto Premium $187.2267.52%

How Much is Car Insurance in Albuquerque, NM?

how much is auto insurance in Albuquerque

Rates can vary from city to city. The residents of Alamogordo typically pay $86.34 per month while people who live in Albuquerque will pay $128.05 per month on average. See what people pay for car insurance in other cities in New Mexico.

New Mexico CitiesMonthly Average Rate
Albuquerque $128.05
Farmington $96.48
Hobbs $109.62
Las Cruces $98.53
Los Alamos$101.79
Rio Rancho $124.90
Roswell $99.32
Santa Fe $107.65

Cheap Car Insurance in Albuquerque by Zip Codes

find cheap auto insurance in Albuquerque

Every zip code rates differently with every insurer. Your zip code determines the crime rate in your area as well as other risks. Below, you can see how average rates range across the state of New Mexico. If you live in an area that is rated high in crime, you can make sure to garage your car in a safe place. That ought to save you some money. Covered and gated structures are best. Make sure to tell your insurance agent about the precautions you’re taking.

Albuquerque, NM ZIP CodeAverage Monthly Rate

Car Insurance Rates by Driver's Age Group in Albuquerque

Generally speaking, you pay more in car insurance the younger you are and the older you are. Teens and young adults often pay around $256.23 per month in Albuquerque. Compare that to drivers in their 30’s who typically pay around $120.02 per month drivers in their 40s at $114.31 per month. It’s always a good idea to check for discounts that apply at any age. Some discounts include away-at-school discount, safe driver discount, mature driver discount, good student discount as well as multi-policy and bundling discounts.

Age GroupAverage Monthly Rate

Cheapest Insurance for Teenage Drivers in Albuquerque

If you are teen in Albuquerque you are probably looking for a good deal on car insurance. Since teenage drivers typically pay the highest rates of any other age group, it’s important to compare multiple companies. According to our research, USAA typically charges around $187.71 per month. This is likely the most affordable option in Albuquerque. You might also want to consider Central Mutual Insurance Co and State Farm who also offer good affordable policies for teen drivers.

CompanyAverage Monthly Rate
Central Mutual Insurance Co$239.86
State Farm$240.27
Farm Bureau Mutual (IA Group)$299.41

Cheapest Insurance for 20 Year-olds in Albuquerque

20 year-olds in Albuquerque might want to consider GAINSCO Auto Insurance who, on average, offers car insurance rates around $37.17 per month. USAA , State Farm , Central Mutual Insurance Co and are also in the top 5 cheapest rates available.

CompanyAverage Monthly Rate
GAINSCO Auto Insurance$37.17
State Farm$154.80
Central Mutual Insurance Co$165.89

Cheapest Insurance for 30 Year-olds in Albuquerque

If you are in your 30s in Albuquerque our research has found that USAA typically has the most affordable coverage coming in around $87.08 per month, followed by State Farm at $101.54 and Central Mutual Insurance Co at $118.34.

CompanyAverage Monthly Rate
State Farm$101.54
Central Mutual Insurance Co$118.34
Farm Bureau Mutual (IA Group)$132.18

Cheapest Insurance for 40 Year-olds in Albuquerque

On average, USAA offers car insurance for 40 year-olds in Albuquerque for around $80.34 per month. If you are looking for affordable coverage, you may also want to consider State Farm or Central Mutual Insurance Co. The full list of top companies is below.

CompanyAverage Monthly Rate
State Farm$97.93
Central Mutual Insurance Co$105.25
Farm Bureau Mutual (IA Group)$121.24

Cheapest Insurance for 50 Year-olds in Albuquerque

Oftentimes 50 year-olds enjoy some of the lowest rates of any other age group. In Albuquerque we found that USAA generally offers the most affordable coverage at $75.84 per month.

CompanyAverage Monthly Rate
State Farm$90.51
Central Mutual Insurance Co$97.34
Farm Bureau Mutual (IA Group)$100.40

Cheapest Insurance for 60 Year-olds in Albuquerque

If you live in Albuquerque and you’re in your 60s, our data indicates that USAA usually has the best rates at $80.70 per month. The top 5 list of car insurance companies is below.

CompanyAverage Monthly Rate
State Farm$86.67
Farm Bureau Mutual (IA Group)$97.65
Central Mutual Insurance Co$104.27

Driver's Coverage Auto Insurance Rates in Albuquerque, NM

driver's coverage

Typically, drivers who currently have car insurance coverage will receive a cheaper monthly quote than drivers who do not. Since car insurance is a requirement in all 50 states, companies may question why you don't currently have coverage. Because of this, they may see you as a higher risk driver. In Albuquerque, the average monthly rate for a driver who is currently insured is $125.72 while drivers who are not currently covered will pay around $131.26.

CoverageAverage Monthly Rate
Not Currently Insured $131.26
Currently Insured $125.72

Compare Recent Car Insurance Quotes in Albuquerque

auto insurance quotes in Albuquerque city

Your vehicle plays a big part in how you rate for car insurance. The more your car is worth, the higher your car insurance rate. To lower your monthly premiums, you can set a higher deductible, but you’ll need to pay that deductible if you have an accident. Generally speaking, the newer a car is, the more it’s worth, and you may pay more in premiums, but the latest safety features will earn you a discount. The overall safety ratings of a car are also considered when determining your rate. In Albuquerque a driver of a 2015 Chrysler 200 can expect to pay around $280.50 per month while someone that owns a 2006 Honda Accord may pay around $76.58 per month. Check out the list of recent quotes in Albuquerque below.

VehicleAverage Monthly Rate
2015 Chrysler 200$280.50
2006 Honda Accord$76.58
2019 Chevrolet 3500$159.64
2014 Mazda CX-5$82.33
2014 Lexus Ct$151.10

FAQ's for Drivers in Albuquerque, NM

driver’s frequently asked question in Albuquerque

What Is the Minimum Amount of Liability Coverage Requirement in Albuquerque?

The New Mexico Motor Vehicle Department requires drivers to show they have financial responsibility (insurance) in effect for their motor vehicles. The state requires liability insurance coverage for all drivers. The minimum liability insurance requirements for private passenger vehicles in New Mexico are:

  • Bodily Injury Liability Coverage: $25,000 per person
  • Bodily Injury Liability Coverage: $50,000 for two or more people
  • Property Damage Liability Coverage: $10,000
  • Uninsured Motorist Bodily Injury: $25,000 per person, $50,000 per accident*
  • Uninsured Motorist Property Damage: $10,000*

*Drivers can decline uninsured motorist and medical payments by signing an optional form.

New Mexico's minimum insurance requirements may not provide enough coverage if you're in a bad car accident. Buy more insurance, especially if you have a lot of assets.

SmartFinancial can help you find affordable car insurance to ensure you have enough protection when the worst happens. Enter your zip code on this page to get started.

What Is the Blood Alcohol Concentration (BAC) Limit in Albuquerque?

Driving Under the Influence (DUI) means drivers had alcohol or other substances in their system while operating a vehicle. In New Mexico, there is an implied consent law. It means that when motorists apply for a license, they agree to consent to field sobriety and chemical tests to determine impairment. Drivers who refuse to take one can face immediate revocation of their driver's privileges.

The state says it is a criminal offense for a person to drive with the following blood alcohol concentration (BAC):

  • .02 Percent BAC for DUI (Under 21 years)
  • .08 Percent BAC for DUI (21 years and older)
  • .04 Percent BAC for Commercial Drivers

Law enforcement can still convict individuals of a DWI in New Mexico if their breath or blood test is at or above the legal limit or if they refuse to take a test. Officers can charge individuals with a DWI if they test below the legal limits, but their ability to drive is impaired by drugs or alcohol.

A DUI can happen to anyone who makes a poor decision. If you get a DUI on your record, it can significantly increase your auto insurance rates. SmartFinancial can help you find lower insurance rates with more forgiving insurers.

Can I Register My Car Without Insurance in Albuquerque?

You cannot register a car in the state of New Mexico without insurance. When registering a vehicle, drivers need the following proof of insurance:

  • A current auto insurance card
  • A copy of your current auto insurance policy
  • A letter from your auto insurance company (on company letterhead) that verifies your auto insurance coverage.

Individuals must provide the above forms of insurance to the MVD before drivers register vehicles.

Check Out Other Rates in Albuquerque, NM Nearby Cities:

Rio Rancho, NM

Santa Fe, NM


Commute Time in Albuquerque, NM

21.3 Miles

Commute Time in United States

26.4 Miles

Number of Nearest Insurance Agents in Albuquerque, NM


The statistics listed on this page are from our own in house reporting. We track and record quotes that carriers have provided based on various criteria. The rates and averages shown on this page should only be used as an estimate.

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