Cheapest car insurance in Albuquerque, New Mexico

New Mexico requires minimum liability coverage of 25/50/10, plus uninsured motorist coverage. Rates below are monthly estimates for the 25-55 driver, Full coverage, Fair credit bracket.

Filed per-carrier data
Methodology → All of New Mexico →

Pulled directly from carrier rate filings for this city.

With 564,559 residents, Albuquerque sits in the mid-size band where carriers file rates regularly but the field of insurers is a bit shorter than in a major metro. The spread here is wide, 71% between the cheapest and priciest insurer we track, which is exactly the kind of gap a flat citywide average would hide. On average, drivers here pay about 43% more than the national baseline we track.

What do you pay now?
#InsurerPosition in spreadMonthly
01 USAAFiled rate, credit/record adjusted $127.72
02 GEICOFiled rate, credit/record adjusted $181.04
03 Central InsuranceFiled rate, credit/record adjusted $205.84
04 NationwideFiled rate, credit/record adjusted $249.24
05 ProgressiveFiled rate, credit/record adjusted $334.80
06 AllstateFiled rate, credit/record adjusted $342.24
07 FarmersFiled rate, credit/record adjusted $379.44
08 KemperFiled rate, credit/record adjusted $438.96
09 Iowa Farm BureauFiled rate, credit/record adjusted $443.92
Rate explainer
Why is your best rate $127.72 and not $209.31?

Albuquerque is priced against 9 insurers for the 25-55 driver, Full coverage, Fair credit bracket. Below is every step from the national baseline to your best filed rate.

City vs national baseline, adult/full +$32.91
Age bracket, 25-55 +$0.00
Coverage, Full coverage +$0.00
Credit tier, Fair (modeled) +$58.13
Driving record, Clean (modeled) +$0.00
About these numbers

Rows marked filed come from a per-carrier, per-city import. Rows marked state-average estimate are built by spreading a statewide average across insurers until real per-city data is imported. Credit tier and driving record are always modeled adjustments, never filed. Your real premium depends on your record, exact address and chosen limits.