Best Car Insurance in Albuquerque, NM

New Mexico requires drivers to carry car insurance, but it’s more than a legal necessity. Auto insurance also helps people deal with the many problems that come with driving in Albuquerque.

• Crashes in Albuquerque: There were more than 19,000 car crashes in Albuquerque during 2017. This accident rate is why many Albuquerque residents invest in car insurance to financially protect themselves in case of a collision.
• Road conditions in Albuquerque: Albuquerque’s high altitude means the weather is unpredictable, and the city’s drivers have to deal with both rain and snow. Windy days in New Mexico can turn a simple rain shower into an icy hazard. Also, New Mexico has earmarked nearly $400 million for new road construction projects, meaning Albuquerque residents also have to watch for more gridlock, orange barrels, uneven roads and potholes. Albuquerque's increased traffic congestion and dangerous weather make it essential you have auto insurance to protect yourself.
• Vehicle theft in Albuquerque: Albuquerque has high property crime rates, especially for car thefts. With nearly 8,000 stolen cars each year, Albuquerque residents should make sure they have coverage to replace their vehicle if it’s stolen. La Cuesta, Kirtland Addition and Canada Village have the highest crime rates in the city, so people that live near these areas need to protect themselves in case their car disappears.

Car insurance in Albuquerque typically runs from about $550 to $1,200 annually, depending on the coverage level and ZIP code. Insurers care about your neighborhood because they use it to determine their risk based on crime rates, on-street parking, police proximity and property values.

The table below shows yearly premiums for a 30-year-old woman driving a newer sedan in different areas of Albuquerque.

Car insurance providers also take other factors into account, such as your:

• Age
• Gender
• Marital status
• Credit score

Insurers use this information to determine how likely you are to get in an accident or pay your premiums on time.

New Mexico’s Motor Vehicle Division requires drivers to have 25/50/10 car insurance coverage. That means policies must include $25,000 for the injury or death of one person, $50,000 for the injury or death of two or more people and $10,000 for property damage.

More than 20% of Albuquerque drivers are uninsured, meaning there’s at least a 1-in-5 chance that if you get in an accident with another car, the other driver does not have car insurance to cover the damage they cause. Even if you have good insurance, you could still find yourself paying out of pocket for things like medical expenses. Therefore, it’s essential to make sure that your policy comes with uninsured motorist protection.

High-risk auto insurance

The New Mexico Motor Vehicle Insurance Plan provides high-risk drivers with the opportunity to receive minimum auto insurance. Contact the plan office to apply.