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.
What should residents of Rio Rancho expect to pay for their car insurance? How does Rio Rancho stack up to the rest of the area, or even New Mexico as a whole? You can see the cost breakdowns and contributing factors in the charts and writeups below:  

How much is car insurance in Rio Rancho?

Area Average Monthly Car Insurance Premium
Rio Rancho$82
NM$80
United States$81

Based on the chart above, you can see that auto insurance rates in Rio Rancho are in line with rates across the rest of New Mexico.

Similarly, residents of Rio Rancho might expect to pay higher rates for coverage than the rest of the country. The cost of auto coverage in Rio Rancho is about $1 more expensive than the national average.

Although these are the average rates for auto insurance in Rio Rancho, it's important to remember that you could end up paying something different. There are a variety of factors that car insurance companies assess when determining how much to charge you to get your vehicle insured. Things like age, gender, vehicle make and model, driving record and, in some areas, credit score can all play a part in figuring out your monthly premium.

Don't sweat it however, we've broken down the average rate for Rio Rancho residents based on several different factors so that you can get a more accurate idea of what you might pay. And if you're not sure if you're getting the cheapest rate, simply enter your ZIP below and find out in just minutes!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$147
25-34$74
35-44$67
45-54$71
55-64$59
65+$56

The older you are, the more experienced you are on the roads. When it comes to car insurance bills, that experience can help put some change back into your pocket. In this case, 18-24-year-olds pay $91 more than someone who is at retirement age.

You can expect to see your monthly premium drop about once a decade or so. Drivers in Rio Rancho may see their rates begin to increase again once they hit retirement.

Average Car Insurance Rates by Gender

Gender Average
Male$86
Female$79

Male drivers pay, on average. slightly more than female drivers for auto insurance. In Rio Rancho, the difference comes out to about $7 a month. Based on the chart above, you can see that female drivers pay around $79 on average, while male drivers typically pay $86 each month.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$84
Multiple Accidents$160
1 Ticket$91
Multiple Tickets$105

Your driving record can have a tremendous impact on your car insurance rates. A clean driving record will get you a lower rate than one with even just a single accident or infraction. In Rio Rancho, a driving record with a single accident will usually get you a rate around $84 a month. Likewise, drivers with one ticket on their record will be looking at an average rate of around $91.

Wherever you live, accidents, tickets, and other driving infractions can cost you some serious cash. In order to minimize your monthly rate, practice safe driving habits and keep your record clean.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$66
2-3 Years$99
4-5 Years$82
6-7 Years$80
8-10 Years$74
11-14 Years$84
15 Years or Older$79

According to the first table above, SUVs are typically the cheapest vehicles to insure in Rio Rancho, with drivers paying around $71 per month for auto insurance coverage.

Car owners will see rates of about $88, while truck and van owners by and large pay around $72 per month.

Vehicle age has an impact on the cost of your policy as well. Generally, the most expensive vehicles to insure are going to be newer ones. Once your car is about 5 years old however, your rates may start to dip back down a bit. In Rio Rancho, the most expensive vehicles to insure are vehicles two-to -three years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$90
Married$57
Divorced$61
Widowed$57

More often than not, married policyholders will pay slightly less for auto insurance coverage. This usually boils down to owners having multiple vehicles on the same policy, something some companies will reward with discounts.

At a national level, single drivers usually pay more than married couples do for auto insurance. Rio Rancho follows that pattern, with the difference totaling to around $33 a month.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$68
Rent$95
Live with parents$100

Your living accommodations is another factor that affects your monthly rate. If you rent your home or apartment in Rio Rancho, expect to pay around $27 a month more than if you own your home. But those who live at home with their parents can expect to pay significantly more.

That being said, many companies will offer you a discount if you bundle your homeowners or rental insurance policy with your auto insurance.

Car Insurance Companies in Rio Rancho, NM

Recent trends in car insurance for Rio Rancho drivers

Car insurance rates are frequently changing, so it's in your best interest to understand which way your area is trending before shopping for coverage.

In Rio Rancho, the rates for car insurance declined from 2017-2019, when they reached a low of $60. This shifted in 2020, when rates began to increase. They hit a high of $94 in 2021, and finished at $83 in 2022.

How does Rio Rancho compare to neighboring areas?

Why are car insurance rates in Rio Rancho different from other areas?

Car insurance companies will take into account many factors when choosing how much to charge for a policy. Where you live will also have a significant impact on your personal policy. This may include things like:

  • Off-street parking access
  • Total number of drivers
  • Local regulations
  • Rate of car accidents
  • Crime

While you won't have the ability to change these factors yourself, they can be handy to keep in mind when seeking a new policy or considering a move. With the knowledge that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.

How can I find the cheapest car insurance in Rio Rancho?

Arming yourself with information about the average costs for drivers in your area will better prepare you for the real deal. The only way to know for sure what your rate will be is by asking for a quote from car insurance companies.

Good news! Compare.com can handle all of this for you. Just enter your ZIP Code below, answer a few questions about your driving profile, and you'll be quickly comparing the cheapest quotes from numerous car insurance companies offering plans in Rio Rancho.

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Rio Rancho Insurance FAQs

What factors affect car insurance quotes in Rio Rancho?

Quotes are calculated by car insurance companies who take multiple factors into consideration, including things you can't control like your age and gender, but also factors like your credit score, driving record, address, and marital status.

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

Your address and the city you live in have a significant impact on how much a car insurance company might charge for your policy. Companies take into consideration things like parking situations, local laws, and crime rates when calculating your quote -- all of which can change from city to city.

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

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 Compare.com to compare multiple quotes at once.

Do I need to change my insurance if I move to Rio Rancho?

Any major life event, whether it be moving to a new area, finding a new job, getting married, or any other notable event always presents a good opportunity to re-evaluate your current insurance policy. Regardless of your previous rate, there may be cheaper options in your new location, so it's a good idea to use services like Compare.com 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. Regardless of how much time is left on your current policy, you can switch companies at any time. So, whether you're considering moving to Rio Rancho or just curious if you're getting the best rates, why not take 10 minutes and see if Compare.com can save you some extra cash?

Find your best rate in just a few minutes