Cheap Auto Insurance in Albuquerque, New Mexico (2025)

Set in the Chihuahuan Desert, Albuquerque has stunning natural beauty and a bustling urban economy. And, as New Mexico’s most populous city, its roads are busy — which may explain the higher auto insurance rates. Albuquerque drivers pay an overall average of $123 per month for auto insurance, which is higher than the New Mexico state overall average of $103 per month. 

Here’s what you need to know about finding the most affordable car insurance in Albuquerque.

6 of the best car insurance companies in Albuquerque

The best car insurance company for you will depend on your specific needs as a driver, as well as your driving record and more. The following table outlines six of the best car insurance companies in Albuquerque and the drivers these companies best serve.

Best insurer for cheap rates: State Farm

Best insurer for drivers with a DUI: USAA

Best insurer for teen drivers: GEICO

How to get the cheapest car insurance in Albuquerque

Drivers in Albuquerque pay car insurance rates that exceed the state average. Fortunately, drivers can save on their auto insurance policy with the following strategies:

• Pick the right vehicle. Newer and more expensive vehicles often come with higher insurance rates. Choose a safer car, like a sedan over a sports car, if you’re looking for the cheapest rate.

• Choose a higher deductible. A deductible refers to the amount you pay out of pocket on a claim before your insurance kicks in. Drivers with higher deductibles generally pay lower monthly rates.

• Look for discounts. Car insurance companies like to reward drivers for safe driving, investing in safety features, and bundling their car insurance with other insurance products from the same company.

• Shop around. Car insurance prices vary by company. Receiving quotes from three or more auto insurance companies and comparing them side by side is the best way to find a low rate.

Cheapest liability-only car insurance in Albuquerque: The General

If you cause an accident, liability auto insurance covers medical bills and vehicle repair costs for the other driver and their passengers. It doesn’t provide any coverage for your vehicle damage or bodily injury. Liability-only insurance with minimum limits is the cheapest coverage option, but it often doesn’t provide sufficient coverage.3

The average cost of liability insurance for Albuquerque drivers is $84 per month, according to Insurify data. Here are the cheapest liability coverage options available in Albuquerque.

Cheapest full-coverage car insurance in Albuquerque: Root

Full-coverage car insurance includes liability, collision, and comprehensive coverage. Collision insurance covers the cost of repairs to your own car after an accident, while a comprehensive policy covers repair costs after damage from non-collision events, like theft or severe weather.4

Because it provides more protection than liability-only coverage, a full-coverage policy may make sense for drivers of new, high-value, or financed vehicles. It can also make sense if you're unable to cover potentially high out-of-pocket expenses.

The average cost of full-coverage insurance is higher than liability-only coverage. Full-coverage car insurance costs a monthly average of $163 in Albuquerque. The insurers below offer some of the best rates for full-coverage insurance.

Car insurance requirements in New Mexico

Drivers in New Mexico must carry a minimum amount of liability insurance to drive legally in the state, including bodily injury and property damage liability. New Mexico is an at-fault state, which means the at-fault driver’s liability insurance will cover the other driver’s repair costs and medical costs in the event of an accident.

You can find New Mexico’s specific minimum liability insurance requirements below.5

New Mexico drivers can choose the following optional coverages for some added protection:

Cheapest car insurance for drivers with an incident

Your car insurance rates will likely increase if you have a traffic violation, which includes speeding tickets, driving under the influence, at-fault accidents, and other moving violations. Car insurance companies will see you as more likely to file future claims, so they charge more to offset this risk.6

How much your car insurance rates increase in Albuquerque will vary based on the company you purchase a policy from and the severity of your violation. It usually takes a few years of safe driving to bring your rates back down after they increase due to an incident.

Cheapest car insurance for drivers with a speeding ticket: National General

Albuquerque has automated speed-enforcement zones, which use speed cameras to penalize drivers who exceed the speed limit. Speeding citations from these automated areas can come with a fine of up to $100. People in Albuquerque with speeding tickets on their driving record also tend to pay a bit more for car insurance than people with a clean record.7

A speeding ticket pushes the average cost of full coverage in Albuquerque to $184 per month, and liability-only coverage to $95. Here are the cheapest car insurance companies for liability coverage in Albuquerque if you have a speeding ticket in your driving history.

Cheapest car insurance for drivers with an at-fault accident: National General

Drivers in Albuquerque with an at-fault accident on their record pay more on average for car insurance than drivers with a clean record. The severity of the accident and the extent of the claims payout can also influence how much your premium increases. If you have multiple accidents, your insurance company may even choose not to renew your policy.8

The average monthly cost of car insurance is $208 for full coverage and $107 for liability for Albuquerque drivers with an at-fault accident on their records. Here's how an accident affects liability-only quotes from some top insurers in Albuquerque.

Cheapest car insurance for drivers with a DUI: The General

A DUI is one of the most severe traffic violations you can receive. New Mexico drivers who drive under the influence will lose their license for six months after a first offense, and up to a year after a second offense. New Mexico law states that any DUI conviction will stay on a driver’s record for up to 55 years. Your insurance rates will also increase significantly following a DUI.9

Albuquerque drivers with DUIs see average monthly rates of $213 for full coverage and $110 for minimum coverage policies. Here are the cheapest car insurance options in Albuquerque for drivers with a DUI.

Cheapest car insurance for seniors: National General

In Albuquerque, 15% of the population is over the age of 65, which is lower than New Mexico’s overall proportion of 65+ residents (19%).10 Your age can affect how much you pay for car insurance. While young people pay the most for car insurance, rates can also increase a bit for senior drivers. Drivers older than 75 may face increased rates due to aging-related risks.

On average, car insurance costs Albuquerque seniors $134 per month for full coverage and $69 for liability only. Senior drivers looking for cheap car insurance rates should consider the following companies.

Cheapest car insurance for teens: The General

Teen drivers are nearly three times more likely to get in a fatal crash than drivers older than 20, Centers for Disease Control and Prevention (CDC) data shows.11 Due to their lack of driving experience, teens are risky to insure, which is why car insurance companies tend to charge them higher rates. In Albuquerque, teens typically pay more for car insurance than any other age group.

Teen drivers can save by joining their parents’ existing car insurance policy, purchasing a safe vehicle, and earning a good student discount. The average cost of car insurance for teen drivers in Albuquerque is $321 for full coverage and $166 for minimum coverage.

Here are the cheapest companies for teen drivers in Albuquerque.

Albuquerque car insurance quotes by credit tier

New Mexico doesn’t allow car insurance companies to use a lack of credit history as a factor in setting car insurance premiums. But if you do have a credit history, car insurance companies may look at your credit score as one factor influencing your rates. Drivers in Albuquerque with excellent or good credit scores typically pay less than those with poor credit scores.

Here are the average full-coverage car insurance rates for Albuquerque drivers by credit tier.

Is car insurance more expensive in Albuquerque?

Drivers in Albuquerque pay $163 per month for full-coverage car insurance, which is higher than the full-coverage national average of $179. Albuquerque’s rates are also higher than the New Mexico state average. Rates vary by city and ZIP code based on a variety of factors, including property values, crime rates, and weather patterns.

More cities in New Mexico

Car insurance rates can vary significantly even within a state. On average, Albuquerque drivers pay $163 per month for full-coverage insurance and $84 for liability-only. Here’s how Albuquerque’s average monthly insurance rates compare to other major cities in the state.

Albuquerque car insurance FAQs