The Cheapest Auto Insurance Companies in Albuquerque, New Mexico, in 2026

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 $116 per month.

Thankfully, companies like Progressive and National General offer cheaper car insurance rates, from as low as $59 per month.

We’ll help you find affordable car insurance in Albuquerque, which companies to look for, and how to compare car insurance quotes.

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.

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User Reviews	4.3 215 reviews
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.	$93/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.	$154/mo

Details

4.3

Best choice in Albuquerque, NMBased on 215 verified guest reviews and ratings

	USAA's score	Industry average
Coverage options	4.8	3.2
Customer service	4.7	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 95 USAA reviews

Laura

Verified Review

Excellent

Reviewed in Missouri on October 12, 2026

Compare prices.

Thomas

Verified Review

USAA Is Good but Pricey

Reviewed in Minnesota on October 11, 2026

USAA is good, but it’s pricey.

Larry

Verified Review

Poor

Reviewed in Tennessee on September 23, 2026

Poor rates; they’re too high.

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

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User Reviews	3.3 1,097 reviews
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.	$59/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.	$133/mo

Details

3.3

A solid option in Albuquerque, NMBased on 1,097 verified guest reviews and ratings

	Progressive's score	Industry average
Coverage options	3.9	3.2
Customer service	3.9	3.6
Discounts	4.0	2.9
Policy transparency	3.8	3.1
Value	3.8	2.9

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 3 New Mexico reviews for Albuquerque driversSee all 407 Progressive reviews

Leroy

Verified Review

You raise the monthly price whenever you want! I was paying $157, and now you’re charging me $172 for no reason.

Reviewed in New Mexico on September 30, 2026

You raise the monthly price whenever you want! I was paying $157, and now you’re charging me $172 for no reason.

Dylan

Verified Review

Bad

Reviewed in New Mexico on September 3, 2026

I didn’t need the policy for years, but the one time I did, I was treated poorly by the rep and had to do the groundwork myself—towing the car, finding a shop, etc. The estimator was local and treated me like a human. Overall, there were good and bad parts. You should heavily weigh your options.

Kevin

Verified Review

Poor

Reviewed in New Mexico on July 15, 2026

I was told I would get a discount for my loyalty. Instead, my insurance went up, and I only drive about 127 miles per month on average. There has to be a better rate for drivers like me. No tickets ever and no accidents ever.

J.D. Power

J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.

622

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

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User Reviews	4.1 1,070 reviews
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.	$77/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.	$127/mo

Details

4.1

Best choice in Albuquerque, NMBased on 1,070 verified guest reviews and ratings

	State Farm's score	Industry average
Coverage options	4.4	3.2
Customer service	4.5	3.6
Discounts	4.4	2.9
Policy transparency	4.3	3.1
Value	4.3	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 424 State Farm reviews

Victor

Verified Review

Excellent

Reviewed in Arizona on October 10, 2026

I’ve had State Farm for 25+ years. They’re good.

Michael

Verified Review

Above average, but it comes at a high cost.

Reviewed in Iowa on October 10, 2026

It’s good coverage at a steep price. They need to lower premiums.

Matthew

Verified Review

Referral if the Insurance Company Remains Reliable & Affordable

Reviewed in New Hampshire on October 10, 2026

So far, so good. I would recommend State Farm to friends and family as long as this insurance company continues to remain affordable, supportive, and dependable if and when their services are ever required.

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.

Get QuotesCompare	Get QuotesCompare	Get QuotesCompare	Get QuotesCompare	Get QuotesCompare
Average Premium $135/mo*	Average Premium $114/mo*	Average Premium $147/mo*	Average Premium $110/mo*	Average Premium $128/mo*
Overall Rating N/A	Overall Rating	Overall Rating	Overall Rating	Overall Rating
Value N/A	Value 3.5/5	Value 4.5/5	Value 3.7/5	Value 3.6/5
Customer Service N/A	Customer Service 3.5/5	Customer Service 4.1/5	Customer Service 4.9/5	Customer Service 3.6/5
Claims Handling N/A	Claims Handling 3.5/5	Claims Handling 4.1/5	Claims Handling 2.5/5	Claims Handling 3.2/5
Special Highlight AI-generated from 0 user reviews N/A	Special Highlight AI-generated from 69 user reviews N/A	Special Highlight AI-generated from 39 user reviews N/A	Special Highlight AI-generated from 48 user reviews N/A	Special Highlight AI-generated from 24 user reviews N/A

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.

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	State Farm
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.

Cheapest full coverage: State Farm

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 $150 per month in Albuquerque. The chart below shows the companies with the cheapest full-coverage policies in ABQ, according to Compare.com data.

Compare Real-Time Car Insurance Quotes in Albuquerque

Rates in Albuquerque start at $59 per month.

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4.7 out of 5 based on 858 reviews

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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.

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.

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 $178 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.

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 $238 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.

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 $98 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.

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 $143 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.

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