The Cheapest Auto Insurance Companies in Albuquerque, New Mexico, in 2026
Progressive offers Albuquerque’s lowest auto insurance rates, starting at $65 per month.
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Written byCharlie Hope D'Anieri
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Charlie Hope D'AnieriInsurance Writer
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Edited byMatthew Gross
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Matthew GrossEditor
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Reviewed byMark Friedlander
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Mark FriedlanderSenior Director, Media Relations | Insurance Information Institute
Senior Director, Media Relations, with Triple-I
30+ years of industry experience
Leadership positions at several trade organizations
Updated
Why You Can Trust Compare.com: At Compare.com, it’s our mission to find simple ways to help our customers save money on the things they need. While we partner with some of the companies and brands we talk about in our articles, all of our content is written and reviewed by our independent editorial team and never influenced by our partnerships. Learn about how we make money, review our editorial standards, and reference our data methodology to learn more about why you can trust Compare.com.
Albuquerque is the largest city in New Mexico — Santa Fe and Las Cruces don’t come close.[1] But more drivers on the road means more accidents, and where you live has an important effect on your car insurance rates.[2] Premiums in ABQ are higher than the rest of the state, averaging $118 per month.
Thankfully, companies like Progressive and National General offer cheaper car insurance rates, from as low as $65 per month.
We’ll help you find affordable car insurance in Albuquerque, which companies to look for, and how to compare car insurance quotes.
Key Takeaways
Progressive has the cheapest car insurance in Albuquerque, at $65 per month.
A liability car insurance policy in Albuquerque costs an average of $82 per month, while full coverage averages $153 per month.
State Farm, Progressive, and USAA are our top picks for auto insurance in Albuquerque.
The Best Auto Insurance Companies in Albuquerque
Comparing quotes is the easiest way to find the right car insurance for the best price. To help you get started, we found some of the best car insurance companies in Albuquerque. We chose these insurers for their average rates, customer service, coverage options, and available discounts.
| User Reviews | 4.2 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.5 /5 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $101/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $166/mo |
4.2
Best choice in Albuquerque, NMBased on 199 verified guest reviews and ratings
USAA's score | Industry average | |
|---|---|---|
| Coverage options | 4.8 | 3.2 |
| Customer service | 4.5 | 3.6 |
| Discounts | 4.9 | 2.9 |
| Policy transparency | 4.9 | 3.1 |
| Value | 4.9 | 2.9 |
How drivers feel about USAA
Customers appreciate the prompt customer service and claims handling but are frustrated by the significant and frequent price increases.
AI-generated from the text of verified reviews collected by Compare.com
Showing recent national reviewsSee all 82 USAA reviews
Verified Review
Reviewed in Texas on August 16, 2026
Pricing and value for your money are poor. Home insurance has become way too expensive. USAA sends you a notice saying they’re renewing your policy, but they don’t clearly tell you what changes they’ve made. When someone says they are renewing your policy, most people assume the contract is the same and they are agreeing to renew it with you. However, USAA makes changes, and it’s up to you to read the entire contract and find any changes they may have made.
I personally went from a $1,000 deductible to a 2% deductible and didn’t know it until I made a claim. Now I’ve learned that every six months you have to read the entire contract to see if USAA has made any changes. I’ve lost faith in this company and will only remain with them until I find another company.
I’ve also found that if you file a car claim, your insurance will go up at the next renewal. USAA has come under new management, and since then the pricing and customer service have gone down. I’m looking for a company that’s truly concerned about the welfare of its members and dedicated to the people they should be serving.
Verified Review
Reviewed in Texas on August 11, 2026
Use USAA for all your insurance needs.
Verified Review
Reviewed in California on August 10, 2026
My rates go up every year even though I haven’t had an accident or a ticket in 18 years. There are no loyalty or longevity discounts for being a great driver for that long.
J.D. Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
739
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
1.31
AM Best
AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++
Why we picked this company
Albuquerque’s Kirtland Air Force Base employs more than 20,000 people.[3] For active-duty and retired military service members and their families, it’s hard to find an insurance agency that beats USAA.
The company has the highest customer satisfaction ratings in the Southwest region and cheap rates for Albuquerque drivers. It even has a perks program for members that offers discounts on travel and shopping.
Pros
Low average rates for ABQ drivers
Great customer service
Offers discounts for shopping and travel
Cons
Available only to military members and families
Doesn't offer 24/7 customer service
No physical branches in ABQ
| J.D. Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale. | 622 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.3 /5 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $65/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $117/mo |
How drivers feel about Progressive
Customers appreciate the initial affordability and claim handling but dislike the frequent and unexplained rate increases, as well as the poor customer service.
AI-generated from the text of verified reviews collected by Compare.com
Showing recent national reviewsSee all 363 Progressive reviews
Verified Review
Reviewed in Texas on August 21, 2026
The agents are friendly and helpful.
Verified Review
Reviewed in Texas on August 20, 2026
After two years of an excellent history with Progressive, they decided to raise my rate by $500 for no reason. Bye-bye, Progressive.
Verified Review
Reviewed in Missouri on August 19, 2026
If it wasn’t the cheapest option, I wouldn’t have selected them, since only one policyholder can have a login.
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.97
AM Best
AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A+
Why we picked this company
Home to the University of New Mexico, Albuquerque is full of students looking for low auto insurance rates. Progressive has a good student discount along with other ways to save money, like bundling auto coverage with other insurance products. It also has a highly rated mobile app to easily manage your policy.
Pros
Bundling discount available
Offers savings for students and young drivers
A+ (Superior) financial strength rating from AM Best
Cons
Below-average customer and claims satisfaction according to J.D. Power
Strict eligibility requirements for some discounts
Higher-than-average number of customer complaints
| User Reviews | 3.9 |
|---|---|
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.7 /5 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $83/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $138/mo |
3.9
A solid option in Albuquerque, NMBased on 958 verified guest reviews and ratings
State Farm's score | Industry average | |
|---|---|---|
| Coverage options | 4.4 | 3.2 |
| Customer service | 4.5 | 3.6 |
| Discounts | 4.3 | 2.9 |
| Policy transparency | 4.3 | 3.1 |
| Value | 4.2 | 2.9 |
How drivers feel about State Farm
Customers appreciate the helpful agents and prompt claim handling, but many are unhappy with the constant rate increases, even for safe drivers. Some also reported poor customer service.
AI-generated from the text of verified reviews collected by Compare.com
Showing recent national reviewsSee all 374 State Farm reviews
Verified Review
Reviewed in California on August 20, 2026
Good. The price is reasonable.
Verified Review
Reviewed in Georgia on August 19, 2026
Good, competitive auto quote.
Verified Review
Reviewed in Texas on August 16, 2026
Rates are too high for someone who has been with them for 26 years. The agent isn’t interested at all in helping me save money.
J.D. Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
657
NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.84
AM Best
AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++
Why we picked this company
State Farm has more than 50 local agents in Albuquerque, so you can work with someone who understands your needs. State Farm’s agent finder even allows you to easily find Spanish-speaking agents. The company is also one of the few insurers with above-average customer service ratings in the Southwest region.
Pros
Higher-than-average customer service ratings from J.D. Power
Large network of local exclusive agents
A+ (Superior) financial strength rating from AM Best
Cons
Average rates are higher for high-risk drivers
Doesn't offer accident forgiveness coverage
Gap insurance only available to customers with an auto loan through State Farm Bank
The Cheapest Car Insurance Quotes in Albuquerque
When shopping for the best price on car insurance, it’s essential to compare quotes. Insurers calculate rates differently, and the cheapest company for your neighbor might be more expensive for you, for example. That said, some companies consistently offer low rates for Albuquerque drivers.
Here’s where drivers in ABQ can find the cheapest car insurance, according to Compare.com data.
 |  |  |  |  |
|---|---|---|---|---|
Average Premium $133/mo* | Average Premium $116/mo* | Average Premium $147/mo* | Average Premium $112/mo* | Average Premium $132/mo* |
Overall Rating N/A | Overall Rating | Overall Rating | Overall Rating | Overall Rating |
Value N/A | Value | Value | Value | Value |
Customer Service N/A | Customer Service | Customer Service | Customer Service | Customer Service |
Claims Handling N/A | Claims Handling | Claims Handling | Claims Handling | Claims Handling |
Special Highlight N/AAI-generated from 0 user reviews | Special Highlight N/AAI-generated from 70 user reviews | Special Highlight N/AAI-generated from 39 user reviews | Special Highlight N/AAI-generated from 44 user reviews | Special Highlight N/AAI-generated from 26 user reviews |
We sourced the data in this table from Compare.com users who indicated they're existing customers of the insurers you see here.
How Much Car Insurance Do You Need in Albuquerque?
)
All New Mexico drivers must have an auto insurance policy that meets the state-minimum coverage limits. New Mexico’s minimum liability insurance requirements include:[4]
$25,000 per person of bodily injury liability coverage
$50,000 per accident of bodily injury liability coverage
$10,000 per accident of property damage liability coverage
Bodily injury liability coverage helps pay for the other driver’s medical bills if you cause an accident. Property damage liability covers property damage you cause in an accident.
Your policy limits are the maximum amounts that your insurance company will pay if you file a claim.
New Mexico drivers must also carry underinsured/uninsured (UM/UIM) motorist coverage with set limits equal to liability coverage, though you may decline through a waiver.
Should you buy full-coverage insurance in Albuquerque?
Full-coverage car insurance helps cover your vehicle from damage from accidents, collisions, theft, vandalism, and severe weather. It offers more financial protection than liability coverage and even covers your own damages and injuries.
Full coverage typically includes collision insurance and comprehensive coverage, making it a worthwhile investment for most drivers. Serious accidents can easily exceed minimum liability limits, so full coverage can save you thousands of dollars if you need to file a claim.
Other car insurance coverage options in Albuquerque
Beyond the state-minimum coverage requirements, most insurance companies offer additional insurance options. Here are some additional coverages for you to consider:
Collision insurance: Collision coverage protects your car if you hit another car, animal, telephone pole, or tree.
Comprehensive coverage: Comprehensive insurance protects your car from vandalism, theft, and severe weather.
Gap insurance: Gap insurance covers the difference between your car’s value and your loan or lease balance if you total it in an accident.
Roadside assistance: Roadside assistance covers things like towing, jump-starts, and flat tires in the event of a breakdown.
Estimated Cost: $187 per month
Category | Price |
|---|---|
| $78 | 3.8% |
| $97 | 5.6% |
| $115 | 6.6% |
| $134 | 7.9% |
| $153 | 8.4% |
| $171 | 8.4% |
| $190 | 7.6% |
| $209 | 7.5% |
| $227 | 6.8% |
| $246 | 5.8% |
| $265 | 5.5% |
| $284 | 4.8% |
| $302 | 4.0% |
| $321 | 3.7% |
| $340 | 3.2% |
| $358 | 2.8% |
| $377 | 2.3% |
| $396 | 2.1% |
| $414 | 1.8% |
| $433 | 1.5% |
40.6% of drivers like you pay less for car insurance. Compare quotes to save up to $1308 per year.
We sourced the figures you see here from Compare.com's database of more than 58 million real-life car insurance quotes. Actual rates may vary based on your unique driver profile.
Cheapest Car Insurance in Albuquerque by Driver and Coverage Type
Car insurance companies consider a number of variables when calculating rates. The car you drive, your driving record, credit history, and age all play a role in how much you pay for coverage.
So when shopping for auto insurance, you can use your driver profile to estimate your costs. The table below shows you the average rates for different Albuquerque drivers, based on Compare.com data.
Driver or Coverage Type | Cheapest Insurer |
|---|---|
| State-minimum coverage | Progressive |
| Full coverage | Progressive |
| Drivers with a speeding ticket | Progressive |
| Drivers with an at-fault accident | Progressive |
| Drivers with a DWI | Progressive |
| Teens | Progressive |
| Seniors | Progressive |
| Drivers with excellent credit | Progressive |
| Drivers with poor credit | Progressive |
We sourced this data by analyzing real quotes from Compare.com's 100-plus partner insurance companies alongside rate filings collected and distributed by Quadrant Information Services. Actual quotes may vary. Data updated on .
Cheapest liability-only coverage in Albuquerque: Progressive
Liability-only insurance meets New Mexico’s minimum requirements. It’s enough to drive legally, but it doesn’t cover your car from any damage. Because the state’s limits might not be enough to fully protect you in a serious accident, most experts recommend buying more coverage.[5]
In Albuquerque, minimum-coverage insurance costs an average of $82 per month. The chart below shows the insurers with the cheapest liability rates in Albuquerque, according to our data.
The below rates in Albuquerque, NM, are estimated rates current as of: Monday, August 10 at 5:00 PM PDT.
Cheapest Liability Rates by Company
Company | Average Monthly Premium |
|---|---|
| Progressive | $65 |
| National General | $72 |
| Sun Coast | $73 |
| The General | $73 |
| Bristol West | $81 |
| Root | $83 |
| State Farm | $83 |
| GAINSCO | $84 |
| Allstate | $94 |
| Safeco | $97 |
| Direct Auto | $98 |
| USAA | $101 |
| GEICO | $107 |
| Dairyland | $112 |
| Liberty Mutual | $157 |
| Farmers | $196 |
Cheapest full coverage: Progressive
Full-coverage car insurance includes liability coverage, plus it protects your car from damage from collisions with animals, trees, and other stationary objects. It also covers damages from things like theft, vandalism, hail, and other severe weather damage. If you finance or lease your car, your lender likely requires you to have full coverage.
On average, a full-coverage policy costs $153 per month in Albuquerque. The chart below shows the companies with the cheapest full-coverage policies in ABQ, according to Compare.com data.
The below rates in Albuquerque, NM, are estimated rates current as of: Monday, August 10 at 5:00 PM PDT.
Cheapest Full-Coverage Rates by Company
Company | Average Monthly Premium |
|---|---|
| Progressive | $117 |
| State Farm | $138 |
| Root | $140 |
| National General | $159 |
| USAA | $166 |
| Allstate | $176 |
| Safeco | $178 |
| GEICO | $180 |
| Bristol West | $183 |
| Sun Coast | $193 |
| Direct Auto | $201 |
| The General | $220 |
| Liberty Mutual | $230 |
| Dairyland | $248 |
| GAINSCO | $252 |
| Farmers | $327 |
Compare Real-Time Car Insurance Quotes in Albuquerque
Rates in Albuquerque start at $65 per month.
Excellent
4.7 out of 5 based on 787 reviews
Secure. Free. Easy-to-use.
Cheapest after a speeding ticket: Progressive
Insurance companies consider you a riskier driver after a speeding ticket and charge you a higher rate. Albuquerque drivers with a recent speeding ticket pay an average of $143 per month for car insurance.
But you can still find a low rate. The insurers in the chart below offer the cheapest premiums for Albuquerque drivers with a ticket on their record, according to our data.
The below rates in Albuquerque, NM, are estimated rates current as of: Monday, August 10 at 5:00 PM PDT.
Cheapest Rates With a Ticket
Company | Average Monthly Premium |
|---|---|
| Progressive | $79 |
| National General | $88 |
| Sun Coast | $88 |
| The General | $96 |
| Root | $97 |
| GAINSCO | $99 |
| Bristol West | $101 |
| State Farm | $103 |
| Allstate | $114 |
| Direct Auto | $121 |
| Safeco | $125 |
| USAA | $128 |
| Dairyland | $136 |
| GEICO | $138 |
| Liberty Mutual | $197 |
| Farmers | $247 |
Cheapest after an accident: Progressive
After you cause an accident, insurance companies consider you more likely to make a future claim. They’ll usually charge you higher rates for several years than they would if you had a clean driving record. On average, ABQ drivers pay $143 per month in ABQ after an at-fault accident.
But shopping around can help you find cheaper rates. The chart below shows the cheapest insurers for Albuquerque drivers with a recent accident, according to our data.
The below rates in Albuquerque, NM, are estimated rates current as of: Monday, August 10 at 5:00 PM PDT.
Cheapest Rates With an Accident
Company | Average Monthly Premium |
|---|---|
| Progressive | $93 |
| National General | $100 |
| The General | $105 |
| Sun Coast | $105 |
| Root | $109 |
| Bristol West | $112 |
| GAINSCO | $112 |
| State Farm | $115 |
| Allstate | $135 |
| Direct Auto | $139 |
| Safeco | $140 |
| USAA | $142 |
| GEICO | $148 |
| Dairyland | $154 |
| Liberty Mutual | $218 |
| Farmers | $274 |
Cheapest after a DWI: Progressive
Insurers consider people with driving while intoxicated (DWI) convictions as the riskiest to insure and charge them some of the highest rates. On average, Albuquerque drivers with a DWI pay $177 per month for car insurance.
That said, some companies specialize in working with high-risk drivers, even people with DWIs. The chart below shows the cheapest insurance companies in ABQ for drivers with DUIs, according to Compare.com data.
The below rates in Albuquerque, NM, are estimated rates current as of: Monday, August 10 at 5:00 PM PDT.
Cheapest Rates With a DWI
Company | Average Monthly Premium |
|---|---|
| Progressive | $98 |
| The General | $104 |
| National General | $105 |
| Sun Coast | $110 |
| Bristol West | $119 |
| Root | $122 |
| State Farm | $122 |
| GAINSCO | $123 |
| Allstate | $141 |
| Direct Auto | $144 |
| USAA | $148 |
| Safeco | $156 |
| GEICO | $157 |
| Dairyland | $164 |
| Liberty Mutual | $230 |
| Farmers | $287 |
Cheapest for teens: Progressive
Teens typically have more accidents than other age groups, which means they pay some of the highest car insurance premiums.[6] The average auto insurance rate for Albuquerque teens is $235 per month.
But you have options if you’re a young driver or have one on your policy. The companies in the chart below offer the cheapest car insurance rates for Albuquerque teens, according to our data.
The below rates in Albuquerque, NM, are estimated rates current as of: Monday, August 10 at 5:00 PM PDT.
Cheapest Rates for Teens
Company | Average Monthly Premium |
|---|---|
| Progressive | $129 |
| Root | $132 |
| The General | $138 |
| Sun Coast | $145 |
| National General | $148 |
| Bristol West | $150 |
| GAINSCO | $154 |
| State Farm | $167 |
| Allstate | $187 |
| USAA | $193 |
| Direct Auto | $199 |
| GEICO | $202 |
| Dairyland | $203 |
| Safeco | $205 |
| Liberty Mutual | $287 |
| Farmers | $406 |
Cheapest for seniors: Progressive
Seniors tend to drive less and practice safer driving habits, so they pay the lowest auto insurance rates of any age group.[7] The average premium for Albuquerque seniors is $101 per month.
That said, you can always look for a better deal. The insurers below have the cheapest rates for Albuquerque seniors, according to our research.
The below rates in Albuquerque, NM, are estimated rates current as of: Monday, August 10 at 5:00 PM PDT.
Cheapest Rates for Seniors
Company | Average Monthly Premium |
|---|---|
| Progressive | $55 |
| National General | $56 |
| The General | $62 |
| Sun Coast | $62 |
| State Farm | $65 |
| Bristol West | $67 |
| GAINSCO | $72 |
| Root | $76 |
| Direct Auto | $80 |
| Allstate | $80 |
| USAA | $81 |
| Safeco | $84 |
| GEICO | $84 |
| Dairyland | $94 |
| Liberty Mutual | $129 |
| Farmers | $154 |
Cheapest for bad credit: Progressive
New Mexico allows insurance companies to consider your credit history while setting prices. So drivers with poor credit usually pay more for insurance than people with good credit. On average, Albuquerque drivers with poor credit pay $146 per month for car insurance.
To lower your rates, you can find companies that don’t consider credit or offer good rates regardless of your credit history. Here are the companies with the cheapest rates for Albuquerque drivers with poor credit, according to our data.
The below rates in Albuquerque, NM, are estimated rates current as of: Monday, August 10 at 5:00 PM PDT.
Cheapest Rates With Bad Credit
Company | Average Monthly Premium |
|---|---|
| Progressive | $80 |
| National General | $89 |
| The General | $90 |
| Sun Coast | $90 |
| Bristol West | $100 |
| Root | $102 |
| GAINSCO | $103 |
| Allstate | $116 |
| Safeco | $119 |
| State Farm | $120 |
| Direct Auto | $121 |
| USAA | $124 |
| GEICO | $132 |
| Dairyland | $138 |
| Liberty Mutual | $187 |
| Farmers | $241 |
Find the Best Company for You
Local rates start as low as $65 per month.
Excellent
4.7 out of 5 based on 787 reviews
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Albuquerque Auto Insurance FAQs
How much is car insurance in Albuquerque?
Car insurance in Albuquerque costs an average of $118 per month, according to Compare.com data. Liability-only coverage costs an average of $82 per month, and full coverage averages $153 per month.
What’s the cheapest auto insurance company in Albuquerque?
Progressive is the cheapest auto insurance company in Albuquerque, according to Compare.com data. Its rates start at just $65 per month.
What are the best car insurance companies in Albuquerque?
USAA, State Farm, and Progressive are some of the best car insurance companies in Albuquerque, according to Compare.com research. But the best insurer for you depends on a variety of factors, like your age, gender, ZIP code, credit history, and driving record.
Is car insurance in Albuquerque expensive?
It depends. Many factors affect your car insurance costs, including your driving record, age, and the coverage you choose. Overall, ABQ drivers pay $118 per month for car insurance. That’s compared to the state average of $95 per month and the national average of $141 per month.
Is minimum coverage enough in Albuquerque?
No. Most experts recommend purchasing more coverage than the state-minimum requirements. Insurance professionals typically suggest drivers purchase 100/300/100 levels of liability coverage for greater financial protection from at-fault accidents.[8]
Are there any discounts available for auto insurance in Albuquerque?
Yes. Albuquerque auto insurance companies have a variety of discounts. Common discounts include good student, military personnel, safety features, automatic billing, and bundling. Always ask your insurance agent about potential car insurance discounts before you buy a policy.
Sources
- Data Commons. "Top 100 Cities in New Mexico."
- National Association of Insurance Commissioners. "A Consumer's Guide to Auto Insurance."
- Military OneSource. "Kirtland Air Force Base."
- New Mexico Motor Vehicle Division. "Insurance."
- Insurance Information Institute. "Auto insurance basics—understanding your coverage."
- Insurance Information Institute. "What determines the price of an auto insurance policy?."
- Insurance Information Institute. "Senior driving safety and insurance tips."
- Kelley Blue Book. "Average Used Car Price Dropped in January."
Methodology
Data scientists at Compare.com analyzed more than 50 million real-time auto insurance quotes from more than 75 partner insurers in order to compile the rates and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.
All the rates listed in this article have been collected from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide readers with insights into how auto insurance companies determine their premiums.
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Clovis, NM Car Insurance
On average, drivers in Clovis pay around $73 per month for their car insurance. Learn more in our handy guide below.
Hobbs, NM Car Insurance
Drivers in Hobbs pay around $66 a month for their car insurance. To find out more check out our guide below.
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Rio Rancho, NM Car Insurance
Rio Rancho drivers pay, on average, around $82 a month for their car insurance. We cover plan rates, policies and more in our guide below.
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The Cheapest Auto Insurance in Santa Fe, NM in 2026
The average cost of full-coverage car insurance in Santa Fe is $128 per month, but you can find cheaper policies if you know where to look. Read on to find some of the cheapest insurers in the city.
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Charlie Hope D'AnieriInsurance Writer
Matthew GrossEditor
Mark FriedlanderSenior Director, Media Relations | Insurance Information Institute
Senior Director, Media Relations, with Triple-I
30+ years of industry experience
Leadership positions at several trade organizations