Best Renters Insurance in Albuquerque, NM
Residents in Albuquerque who rent can mitigate risk and safeguard belongings with a renters insurance policy. Renters insurance can provide coverage in the event of theft or severe weather. While choosing, look for agencies offering affordable premiums, multi-policy discounts and positive ratings, like the companies below.
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Top 11 Albuquerque Renters Insurance Companies | ||||||
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Offers renters insurance online in 28 states and Washington, D.C. Covers personal property, liability, loss of use and medical payments. Extra Coverage for expensive possessions. Fast sign-up and claims. Starts at $5 per month. |  | Get a Quote | ||||
| Read Author Review | Partners with major insurance carriers to provide consumers in New Mexico with renters insurance and other insurance products. Consumers can request a quote, make a payment or file a claim on the company website. |  | Chat with a ConsumerAffairs decision guide Live agent | |||
| Read Author Review | Sells renters insurance and helps determines the best coverage options with several major nationwide carriers, including Progressive, Nationwide and Safeco. Offers free quotes and the option to pay cash for coverage. |  | Chat with a ConsumerAffairs decision guide Live agent | |||
| Read Author Review | Partners with 20 prominent insurance companies with a local, regional and national focus, including New Mexico Mutual, Progressive and Nationwide, to provide consumers with affordable coverage for personal and commercial use. |  | Chat with a ConsumerAffairs decision guide Live agent | |||
| Read Author Review | Partners with major insurance carriers like Liberty Mutual, Prudential, Nationwide and Blue Cross Blue Shield to provide personal and commercial insurance coverage to residents of New Mexico. |  | Chat with a ConsumerAffairs decision guide Live agent | |||
| Read Author Review | Provides insurance coverage options for Albuquerque renters from almost two dozen local and national carriers. Potential customers can request a free quote online. Add-on coverage available for renters. |  | Chat with a ConsumerAffairs decision guide Live agent | |||
| Read Author Review | Offers renters insurance from a variety of leading major carriers with English and Spanish-speaking agents. Free personalized quotes are available online and exclusive discounts are provided for those who qualify. |  | Chat with a ConsumerAffairs decision guide Live agent | |||
| Read Author Review | Partners with 20 prominent insurance companies with a local, regional and national focus, including New Mexico Mutual, Progressive and Nationwide, to provide consumers with affordable coverage for personal and commercial use. |  | Chat with a ConsumerAffairs decision guide Live agent | |||
| Read Author Review | Offers personal and business insurance coverage through multiple insurance carriers, including The Hartford, MetLife and Safeco. Provides a self-service portal on its website for policy information, upload files and make payments. |  | Chat with a ConsumerAffairs decision guide Live agent | |||
| Read Author Review | Offers home and auto insurance for individuals and families wanting to protect their belongings. Consumers save when they bundle multiple policies with the Safeco package, and discounts are available through its Savings Center. |  | Chat with a ConsumerAffairs decision guide Live agent | |||
| Read Author Review | Offers renters insurance and other property insurance from two dozen carriers, including popular brands like Progressive, MetLife and Colonial Life. Free policy quotes available through the company’s website. |  | Chat with a ConsumerAffairs decision guide Live agent | |||
Why do I need renters insurance in Albuquerque?
Since residents of Albuquerque enjoy an unprecedented 300 days of sunshine each year; a natural weather disaster is highly unlikely. However, renters insurance can cover unexpected events like fires or water damage and save tenants from paying out of pocket to recover from weather-related disasters.
However, with approximately 42,000 property crimes in Albuquerque each year, local renters should purchase renters insurance to protect their assets in the event of theft or damage. Even in neighborhoods like Sandia Heights, Los Padillas and Mountainview, renters insurance can cover your losses for as little as $15 to $20 per month.
Who needs renters insurance in Albuquerque?
Many residents of Albuquerque can benefit from having renters insurance:
- Tenants living in neighborhoods that are considered dangerous are more susceptible to break-ins or property damage.
- Individuals living solo in trendy neighborhoods like Bear Canyon, Spruce Park and Nob Hill are not immune to theft. Since they aren't in their homes as often as a two-person household, they may want to purchase insurance.
- People regularly entertaining should look into renters insurance — some policies can cover liability if someone injures themselves on your premises.
- Retirees who live in areas like Heritage East and Skyview Acres and have high-value items in their homes including art or collectibles.
How much does renters insurance cost in Albuquerque?
Renters insurance in Albuquerque costs between $15 and $20 per month or $180 to $240 annually. This provides around $15,000 in personal property coverage and about $100,000 of liability coverage, though monthly and annual costs vary based on a variety of factors.
Premium cost in Albuquerque is based on the location of the rental, the size of the rental, the value of personal belongings, and if a tenant has measures in place for fire prevention or security monitoring. Bundling policies can affect the monthly cost, as well. Neighborhoods with higher property crime or homes with more square footage tend to cost more than communities with fewer break-ins and smaller living spaces.
Is renters insurance legally required in Albuquerque?
Neither the City of Albuquerque nor the State of New Mexico requires tenants to purchase renters insurance, but it may be a requirement from your landlord. Landlords are legally allowed to require tenants to buy renters insurance as a part of the lease agreement.
We recommend you purchase renters insurance even if it isn’t a legal requirement for tenants in Albuquerque. For only around $200 per year, you’ll be covered for tens or hundreds of thousands of dollars worth of lost items or medical expenses. It’s a small price to pay for coverage in a disaster.
Albuquerque renters rights
Residents in Albuquerque seeking more information on renters insurance and rights should review the following resources:
- New Mexico Legal Aid: Resources for Albuquerque residents to learn landlord obligations, tenant duties, record keeping, rental safety and anti-discrimination rights.
- Law Help New Mexico: Information about the advantages of joining a renters union and details about lawful evictions and lease terminations.
- Nolo: An outline of laws in New Mexico for tenant rights, termination and eviction rules, landlord access to rental properties and local ordinances between landlords and tenants.
- City of Albuquerque: Resources for fair housing, social services, electronic code of federal regulations, section 8 housing and consumer credit counseling.
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Albuquerque renters insurance company information
With two dozen carrier partnerships and English and Spanish speaking agents, Sunset Insurance can provide personal or commercial insurance products to mitigate risk and protect assets. Property insurance coverage includes renters insurance, homeowners insurance and condominium insurance. Agents are available day or night through a direct line to help assist clients with any insurance needs.
- Website: abqsunsetinsurance.com/property-insurance
- Service areas: Albuquerque
- Address: 1905 San Mateo Blvd. NE, Albuquerque, NM 87110
- Phone Number: (505) 247-2578
- Hours of operation: M - F: 9am - 5:30pm; Sat - Sun: Closed
Freeway Insurance offers a variety of home, property, vehicle and recreational insurance options, which includes renters insurance and many types of supplemental insurance. The company employs bilingual insurance experts to help consumers find policies that fit their budget and lifestyle. Freeway Insurance team members can walk consumers through liability coverage and property coverage for each option to help renters choose a plan.
- Website: freewayinsurance.com/office-locator/freeway-insurance-albuquerque-nm-87105
- Service areas: Albuquerque
- Address: 4726 Central Ave. SW, Albuquerque, NM 87105
- Phone Number: (505) 309-7015
- Hours of operation: M - F: 9:30am - 6:30pm; Sat: 9:30am - 5pm; Sun: Closed
Albuquerque Insurance World, Inc. is locally-owned by home and auto insurance agents with over 20 years of experience drafting and providing coverage for consumers in New Mexico. The company works with over 12 insurance carriers to provide customers with affordable renters insurance coverage. Payments can be made online or with cash.
- Website: albuquerqueinsuranceworld.com
- Service areas: Albuquerque
- Address: 2828 Carlisle Blvd. NE, Ste. F, Albuquerque, NM 87110
- Phone Number: (505) 265-6000
- Hours of operation: M - F: 10am - 5pm; Sat: 10am - 2pm; Sun: Closed
Acceptance Insurance offers a variety of insurance options, including property, auto, pet, travel and life insurance. The company’s renters insurance options include liability coverage, personal property coverage and scheduled personal property coverage. Add-ons like reimbursed flood insurance, living expenses, guest medical coverage and identity restoration coverage are available.
- Website: locations.acceptanceinsurance.com/nm/albuquerque/5555-zuni-road-se
- Service areas: Albuquerque, Rio Rancho
- Address: 5555 Zuni Rd SE, Ste. 2, Albuquerque, NM 87108
- Phone Number: (505) 268-7925
- Hours of operation: M - F: 9am - 6pm; Sat: 10am - 5pm; Sun: Closed
Located in New Mexico and licensed in New Mexico, Arizona, California, Colorado, Nevada and Florida, Associated Insurance Professionals, Inc. offers a variety of personal and business insurance options. Consumers can purchase renters, life, motorcycle, professional liability, workers compensation and builders risk insurance through the company. Quotes, payments and claims can be requested or made online.
- Website: aip-inc.com/personal-insurance/home-insurance
- Service areas: Albuquerque
- Address: 1429 Carlisle Blvd. NE, Albuquerque, NM 87110
- Phone Number: (505) 265-3704
- Hours of operation: M - F: 9:00am - 5:30pm; Sat: 9am - 2pm; Sun: Closed
A full-service insurance agency with over 50 years of combined experience in the insurance industry, agents at Route 66 Insurance, Inc. create insurance packages designed to fit a variety of budgets and needs. Insurance policies for renters, automobile, health, life and business are available. Requests for quotes can be made on the company’s website.
- Website: route66insurance.com
- Service areas: Albuquerque, Rio Rancho, Raton
- Address: 3701 San Mateo Blvd. NE #101, Albuquerque, NM 87110
- Phone Number: (505) 884-1615
- Hours of operation: M - Th: 8:30am - 5pm; F: 8:30am - 3pm; Sat - Sun: Closed
Agents at Jackson Insurance Solutions partner with top-rated insurance companies to provide residents of New Mexico with a variety of insurance coverage. This includes renters insurance, home insurance, boat insurance, business liability insurance and commercial auto insurance. The company employs seven agents dedicated to writing affordable policies for personal and commercial purposes. Consumers can request free quotes online.
- Website: jacksoninsurancesolutions.com
- Service areas: Albuquerque, New Mexico
- Address: 5501 Eagle Rock Ave. NE, Ste. A2, Albuquerque, NM 87113
- Phone Number: (505) 796-6531
- Hours of operation: M - Th: 8:30am - 5pm; F: 8:30am - 4pm; Sat - Sun: Closed
With almost 50 carrier partnerships, Berger Briggs Insurance & Risk Solutions, Inc. has a variety of options for personal and commercial coverage. Customers can choose from insurance products ranging from renters insurance and personal umbrella insurance to farm insurance and motorcycle insurance. Agents work with consumers one-on-one to determine needs and create a customized policy. Free quotes can be requested online.
- Website: bergerbriggsinsurance.com/products/home-insurance
- Service areas: Albuquerque and Rio Rancho, New Mexico
- Address: 4333 Pan American Freeway NE, Albuquerque, NM 87107
- Phone Number: (505) 247-0444
- Hours of operation: M - F: 8am - 5pm; Sat - Sun: Closed
The sixth-largest independent insurance brokerage in the country, Brown and Brown Insurance of New Mexico offers insurance coverage for personal and commercial use. Add-on options that provide more coverage for items like jewelry, art and collectibles are available with no additional deductible. Consumers can request a policy quote or file a claim online.
- Website: bbnm.com/renters-insurance
- Service areas: Albuquerque, Santa Fe, Taos
- Address: 8100 Lang Ave NE, Ste. 101, Albuquerque, NM 87199
- Phone Number: (505) 821-5888
- Hours of operation: M - F: 8am - 4:30pm; Sat - Sun: Closed
A nationwide company protecting individuals and families since 1923, Safeco provides consumers with a variety of insurance products including property, vehicle, pet health and identity recovery coverage. Local independent agents can assist consumers with customized coverage for everything from renters to RV. Billing can be completed online, by phone or by mail.
- Website: safeco.com
- Service areas: Albuquerque
- Address: 1031 Lamberton Pl NE, Albuquerque, NM 87107
- Phone Number: (505) 510-3919
- Hours of operation: Sun - Sat: 6am - 10pm
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