Albuquerque, NM Car Insurance

Residents of Albuquerque pay, on average, about $93 per month for car insurance. We cover plan rates, policies and more in our guide below.
What rates should residents of Albuquerque expect to pay for their car insurance? How does Albuquerque compare to the surrounding area and the rest of New Mexico? Discover the factors that go into calculating the average cost in our writeups and charts below:  

How much is car insurance in Albuquerque?

Area Average Monthly Car Insurance Premium
United States$80

As you can see, car insurance policies across the rest of New Mexico are about $19 a month cheaper than the rates drivers pay in Albuquerque.

Likewise, Albuquerque residents should prepare to pay higher rates for coverage than the rest of the country. It's around $13 more expensive for coverage in Albuquerque than the average rates seen in the rest of the U.S.

Although these are the average monthly costs for an auto insurance policy in Albuquerque, that doesn't mean it's exactly what you'll pay. Insurance companies take in a variety of factors when determining how much to charge you for coverage. The final dollar amount you'll be asked to pay each month is calculated off of factors such as your age, gender, vehicle make and model, driving record, and in some areas, your credit score.

Don't worry, we've done the work for you and broken down average rates for Albuquerque to help you get a more accurate idea of what you'll be charged for your policy. And if you think you might be overpaying for insurance, simply enter your ZIP Code below to learn more about rates in your area!

See what you'll pay in just minutes

Average Car Insurance Rates by Age

Age Range Average Premium
Under 18$256
45-54Not Enough Data

The older you are, the more experience you're likely to have behind the wheel, right? That experience can lead to some serious savings when it comes to car insurance bills. As you can see, 18-24-year-olds pay two times the price that someone who is retirement aged.

As you get older, you can expect to see a drop in your monthly premium every 10 years. As you get closer to retirement age, however, you may see your rates creep back up a bit in Albuquerque.

Average Car Insurance Rates by Gender

Gender Average

Car insurance rates for female drivers are usually cheaper than those for male drivers. In Albuquerque, the difference is around $20 per month. Based on the chart above, you can see that female drivers pay around $84 on average, while male drivers typically pay $104 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$125
Multiple Accidents$115
1 Ticket$138
Multiple Tickets$144

Your rates can vary wildly depending on your driving record. A clean driving record will obviously get you a lower rate than one with accidents or infractions. Drivers in Albuquerque with a single accident will pay around $138 a month. Likewise, drivers with one ticket on their record will be looking at an average rate of around $125.

Wherever you live, accidents, tickets, and other driving infractions can cost you some serious cash. Remember, cheap car insurance rates are dependent on driving safely and keeping your record clean.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$85
2-3 Years$95
4-5 Years$88
6-7 Years$114
8-10 Years$109
11-14 Years$93
15 Years or Older$82

If you look at the first table above, the cheapest vehicles to insure in Albuquerque are by and large trucks and vans, at $81 per month.

SUV drivers will see rates of about $83 for auto insurance, while car owners typically pay around $99 a month.

You may also see different rates based on your vehicle's age. Overall, newer vehicles are going to cost the most to insure. However, once your car is a few years old, you may start to see your monthly premium decrease. The most expensive vehicles to insure in Albuquerque, for example, are vehicles six-to-seven years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$99

Overall, car insurance is slightly cheaper for married policyholders. This usually happens because companies will award special discounts to policyholders with multiple vehicles that are on the same policy.

On a national scale, married drivers typically pay less than single drivers for auto insurance. Albuquerque is no exception, with the difference totaling to around $27 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Live with parents$124

One other element taken into consideration is your living accommodations. If you rent your home or apartment in Albuquerque, expect to pay around $33 a month more than if you own your home. But if you live with your parents, your rates will be significantly higher.

That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and reduce your car insurance costs.

Car Insurance Companies in Albuquerque, NM

Recent trends in car insurance for Albuquerque drivers

Given that average rates are often changing, it's a smart move to know the direction your area is trending when selecting an auto insurance policy.

The cost of car insurance coverage in Albuquerque dropped from 2016-2018, but began to rise in 2019. This pattern has continued through 2021 when rates have most recently hit $117.

How does Albuquerque compare to neighboring areas?

Why are car insurance rates in Albuquerque different from other areas?

Car insurance companies will take into account a lot of factors when they're choosing how much to charge for a policy. Your insurance policy will depend largely on where you live and drive and will be influenced by things such as:

  • Amount of drivers
  • Off-street parking accessibility
  • Prevalence of crime
  • Road Safety (frequency of local car accidents)
  • Community regulations

It's good to be aware of these factors (even though you may not be able to do much to change them) as you shop for a new policy or consider making a move. Get started with a guide like this to get familiar with the average rates of your area.

How can I find the cheapest car insurance in Albuquerque?

While knowing what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.

But hold on! does all of that work for you. Just punch in your ZIP below, answer a few questions on you and your car, and you'll be comparing the cheapest quotes from dozens of car insurance companies offering coverage in Albuquerque.

Compare the cheapest quotes from dozens of insurance companies

Albuquerque Insurance FAQs

What factors affect car insurance quotes in Albuquerque?

Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your gender and age, as well as your driving record, address, credit score, and marital status.

Why is the cost of car insurance in Albuquerque different from other neighboring cities?

Auto insurance companies consider regional factors, such as parking situations, crime rates, and local laws into account when calculating the monthly rate for coverage. Since these can all vary from city to city the rates you may see can differ from neighboring areas.

Which car insurance company will offer me the cheapest rate in Albuquerque?

No one insurance company is guaranteed to offer the cheapest rate across the board. Since companies base their rates on factors that differ from person to person, such as driving record, number of drivers on the policy, vehicle make and model, and many more, it's a good idea to use sites like to compare multiple quotes at once.

Do I need to change my insurance if I move to Albuquerque?

Any time you experience a major life event, whether it's moving to a new area, getting married, finding a new job, or other notable events, it's always a good idea to re-evaluate your current insurance. Certain companies offer cheaper insurance in certain cities, so even if you were getting the cheapest rate at your old address, it doesn't mean it'll still be the cheapest at your new home. That's why it's always good to use services like to compare quotes from dozens of companies side-by-side.

Do I need to wait for my policy to expire to switch to a different car insurance company?

No. You can switch companies at any time, regardless of how long is left on your current policy. So, if you've recently moved to Albuquerque or it's been a while since you last compared car insurance rates, you may want to take 10 minutes and see if can save you money.

Find your best rate in just a few minutes