Albuquerque Car Insurance (2023 Cheapest + Rankings)

• Albuquerque car insurance rates cost an average of $1,686 per year, or about $141 per month.
• For cheap auto insurance in Albuquerque, compact crossovers and SUVs like the Subaru Crosstrek, Chevrolet Trailblazer, and Mazda CX-5 cost less than most other makes and models.
• Models with segment-leading auto insurance rates include the Acura RDX at $1,406 per year, Honda Passport at $1,310 per year, Cadillac CT5 at $1,816 per year, and Subaru Impreza at $1,394 per year.

How much does car insurance cost in Albuquerque?

Albuquerque car insurance costs an average of $1,686 per year, which is 0.1% more than the overall U.S. national average rate of $1,685. The average cost per month for car insurance in Albuquerque is $141 for full coverage.

The average cost to insure a vehicle in New Mexico is $1,450 per year, so Albuquerque drivers pay an average of $236 more per year than the overall New Mexico state-wide average rate. When prices are compared to other locations in New Mexico, the cost of car insurance in Albuquerque is about $332 per year more than in Las Cruces, $184 per year more than in Santa Fe, and $338 per year more than in Farmington.

The age of the rated driver influences the cost of car insurance, so the list below illustrates this point by showing the difference in average car insurance rates depending on driver age.

Average cost of car insurance in Albuquerque for drivers age 16 to 60

• 16 year old – $6,040 per year or $503 per month
• 17 year old – $5,650 per year or $471 per month
• 18 year old – $5,278 per year or $440 per month
• 19 year old – $4,776 per year or $398 per month
• 20 year old – $3,358 per year or $280 per month
• 30 year old – $1,776 per year or $148 per month
• 40 year old – $1,686 per year or $141 per month
• 50 year old – $1,536 per year or $128 per month
• 60 year old – $1,508 per year or $126 per month

The chart below shows average Albuquerque car insurance cost broken out not only by driver age, but also by policy deductible amounts. Rates are averaged for all 2023 vehicle models including luxury brands.

Average car insurance rates in the chart range from $1,274 per year for a policy with high physical damage deductibles for a 60-year-old driver to $3,900 per year for a 20-year-old driver with a policy with low comprehensive and collision deductibles.

When the average rates are converted to monthly figures, the average cost of car insurance per month in Albuquerque ranges from $106 to $325.

Albuquerque auto insurance rates are not static and small changes in driver risk profiles can have substantial effects on car insurance cost. Due to the fact that rates are so variable, this reinforces the need for accurate car insurance quotes when shopping for more affordable auto insurance.

Vehicle models that are popular in Albuquerque tend to be compact and midsize cars like the Hyundai Elantra, Honda Civic, and Toyota Camry and small or midsize SUVs like the Nissan Rogue and Chevy Traverse.

Some additional popular models in Albuquerque from different automotive segments include luxury cars like the Infiniti Q50 and Lexus ES 350, luxury SUVs like the Acura MDX and Cadillac XT5, and models from the pickup truck segment like the Ford F-150 and Chevy Silverado.

We will explore different rates in much more detail a little farther in this article, but before we do that, let’s review the important concepts that we covered in the first section.

• Auto insurance for teenagers can be very expensive – The average cost ranges from $4,250 to $6,040 per year to insure a teenage driver in Albuquerque.
• A low deductible policy costs more – A 20-year-old driver pays an average of $880 more per year for $250 deductibles versus $1,000 deductibles.
• Albuquerque auto insurance rates are more expensive than the New Mexico state average – $1,686 (Albuquerque average) compared to $1,450 (New Mexico average)
• Teenage female drivers pay lower rates than teen males – Teenage female drivers pay $526 to $722 less per year than males of the same age.
• Cost per month ranges from $126 to $503 – That’s the average auto insurance cost range for drivers aged 16 to 60 in Albuquerque.
• Auto insurance gets cheaper as you get older – Insurance rates for a 40-year-old driver in Albuquerque are $1,672 per year cheaper than for a 20-year-old driver.

Which autos have the cheapest car insurance in Albuquerque?

The models with the cheapest average auto insurance prices in Albuquerque tend to be crossovers and compact SUVs like the Chevrolet Trailblazer, Subaru Crosstrek, Mazda CX-5, and Buick Encore. Average insurance prices for those models cost $1,346 or less per year ($112 per month) for full coverage.

Some additional vehicles that rank towards the top in the cost comparison table are the Ford Maverick, Chevrolet Colorado, Honda HR-V, and Subaru Impreza.

Average insurance cost is slightly more for those models than the cheapest crossover SUVs that rank at the top, but they still have an average cost of $1,430 or less per year, or $119 per month.

The table below details the 40 models with the cheapest car insurance in Albuquerque, sorted by average cost.

A table showing 40 vehicle rankings probably isn’t the best way to show the full picture of the cost of auto insurance in Albuquerque. A more thorough way to look at car insurance rates in a practical manner is by breaking them out by vehicle segment.

The section below illustrates the cost of insurance based on different automotive segments. The rates shown in the chart will give you a better understanding of the automotive segments that have the cheapest average car insurance rates. Then the six subsequent sections will break out the top 20 cheapest models for the most popular automotive segments.

Albuquerque car insurance rates by automotive segment

If you’re shopping for a new or used vehicle, it’s useful to know which types of vehicles have cheaper auto insurance rates. For example, maybe you want to know if compact cars have more affordable insurance than midsize cars or if heavy duty pickups are more expensive to insure than half-ton pickups.

The chart below shows average auto insurance rates in Albuquerque for different vehicle segments. When comparing rates from a segment perspective, small SUVs and midsize pickups have the best average car insurance rates, while luxury models and sports cars tend to have the most expensive rates.

Average rates for different segments are suitable to make an overall comparison, but cost varies considerably within each segment shown in the previous chart.

For example, in the midsize luxury SUV segment, average Albuquerque insurance rates range from the Lexus RX 350 at $1,510 per year for full coverage insurance up to the BMW XM at $2,746 per year.

As another example, in the large SUV segment, the average cost of insurance ranges from the Chevrolet Tahoe costing $1,580 per year up to the Jeep Grand Wagoneer at $2,198 per year.

In the next sections, we will remove much of this variability by looking at auto insurance cost in Albuquerque at a model level.

Cheapest cars to insure in Albuquerque

Sitting at number one in Albuquerque for the most affordable average insurance rates in the non-luxury sedan segment is the Subaru Impreza, at an average of $1,394 per year. Second place is the Volkswagen Jetta at $1,542 per year, and the third most affordable is the Subaru Legacy, costing an average of $1,554 per year.

Some other cars that have affordable insurance rates are the Mazda 3, Toyota Prius, Kia K5, and Volkswagen Golf, with an average cost to insure of $1,628 per year or less.

Auto insurance for this segment in Albuquerque for an average middle-age driver will start around $116 per month, depending on where you live.

The lowest-cost compact car to insure in Albuquerque is the Subaru Impreza at $1,394 per year. For midsize models, the Subaru Legacy has the cheapest rates at $1,554 per year. And for full-size sedans, the Chrysler 300 has the cheapest rates at $1,644 per year.

The comparison table below ranks the cars with the cheapest auto insurance rates in Albuquerque, starting with the Subaru Impreza at $116 per month and ending with the Volkswagen Arteon at $148 per month.

See our comprehensive guides for compact car insurance, midsize car insurance, and full-size car insurance to view data for vehicles not featured in the table.

Is your vehicle not in the list? That’s no problem! Enter your zip code at the bottom of the table and click the orange ‘GO’ button to get free car insurance quotes from top companies in New Mexico.

Cheapest SUV insurance rates in Albuquerque

Ranking highest for the most affordable Albuquerque car insurance rates in the non-luxury SUV segment are the Subaru Crosstrek, Nissan Kicks, Honda Passport, Nissan Rogue Sport, and Chevrolet Trailblazer. Car insurance quotes for these models average $1,316 or less per year, or around $110 per month.

Additional SUVs that have affordable insurance rates include the Buick Envision, Buick Encore, Subaru Ascent, and Kia Seltos, with average rates of $1,370 per year or less.

As a cost per month, car insurance rates on this segment in Albuquerque for the average driver starts at an average of $106 per month, depending on your company and location. The table below ranks the SUVs with the most affordable insurance rates in Albuquerque, starting with the Chevrolet Trailblazer at $1,274 per year and ending with the Chevrolet Trax at $1,450 per year.

For all vehicle comparisons, see our guides for compact SUV insurance, midsize SUV insurance, and full-size SUV insurance.

Don’t see your vehicle? No sweat! Enter your zip code at the bottom of the table and click the orange ‘GO’ button to get free car insurance quotes from top-rated companies in New Mexico.

Cheapest sports car insurance rates in Albuquerque

Ranking #1 in Albuquerque for cheapest insurance in the sports car segment is the Mazda MX-5 Miata, coming in at $1,558 per year. Second place is the Audi TT at $1,748 per year, in third place is the Ford Mustang, costing an average of $1,830 per year, and fourth place goes to the BMW Z4, at an average of $1,844 per year.

Not the cheapest to insure, but still ranked well, are cars like the Subaru BRZ, Toyota GR86, Nissan Z, and Toyota GR Supra, with average annual insurance rates of $2,036 per year or less.

Ranked between 10th and 20th place, models like the Lexus LC 500, BMW M4, BMW M3, Lexus RC F, Chevrolet Camaro, and Porsche 718 cost between $2,036 and $2,538 to insure per year.

Auto insurance for this segment in Albuquerque for the average driver can cost as low as $130 per month, depending on your location. The comparison table below ranks the sports cars with the lowest-cost car insurance in Albuquerque, starting with the Mazda MX-5 Miata at $1,558 per year ($130 per month) and ending with the Lexus LC 500 at $2,538 per year ($212 per month).

Don’t see insurance rates for your vehicle? Enter your zip code at the bottom of the above table and click the orange ‘GO’ button to get free car insurance quotes from top companies in New Mexico.

Cheapest pickup trucks to insure in Albuquerque

The four top-ranked pickup trucks with the most affordable auto insurance rates in Albuquerque are the Ford Maverick at $1,400 per year, Chevrolet Colorado at $1,402 per year, Nissan Frontier at $1,454 per year, and Ford Ranger at $1,498 per year.

Some other pickups that have affordable insurance rates include the Ford F150, Honda Ridgeline, Nissan Titan, and Toyota Tacoma, with average cost of $1,716 per year or less.

On a monthly basis, auto insurance in this segment for the average driver can cost as low as $117 per month, depending on where you live and the company you use. The rate comparison table below ranks the pickups with the most affordable car insurance in Albuquerque, starting with the Ford Maverick at $1,400 per year and ending with the Nissan Titan XD at $1,884 per year.

For more pickup insurance comparisons, see our guides for midsize pickup insurance and large pickup insurance.

Need rates for a different pickup model? Enter your zip code at the bottom of the above table and click the orange ‘GO’ button to get cheap Albuquerque car insurance quotes from top-rated car insurance companies in New Mexico.

Cheapest luxury cars to insure in Albuquerque

The cheapest luxury car models to insure in Albuquerque are the Acura Integra at $1,514 per year, the BMW 330i at $1,712 per year, and the Acura TLX at $1,740 per year.

Some other luxury cars that have cheaper rates include the BMW 228i, Cadillac CT5, Lexus ES 350, and BMW 330e, with average cost of $1,834 per year or less.

Ranked between 10th and 20th place, cars like the Lexus RC 350, Audi S3, Mercedes-Benz AMG CLA35, Audi A3, Volvo S60, and Audi A4 average between $1,834 and $1,886 per year for full-coverage insurance.

The most affordable compact luxury car to insure in Albuquerque is the Acura Integra at $1,514 per year. For midsize luxury cars, the Cadillac CT5 has the cheapest rates at $1,816 per year. And for large luxury cars, the Audi A5 has the cheapest rates at $1,892 per year.

The next table ranks the twenty luxury cars with the cheapest car insurance rates in Albuquerque, starting with the Acura Integra at $1,514 per year and ending with the Volvo S60 at $1,886 per year.

See our comprehensive guide for luxury car insurance to view data for vehicles not featured in the table.

Don’t see your luxury car? Enter your zip code at the bottom of the above table and click the orange ‘GO’ button to get cheap Albuquerque car insurance quotes from top-rated car insurance companies in New Mexico.

Cheapest luxury SUVs to insure in Albuquerque

The top five models for the lowest-cost Albuquerque auto insurance rates in the luxury SUV segment are the Infiniti QX50, Cadillac XT4, Lexus RX 350, Volvo XC40, and Acura RDX. Car insurance quotes for these models average $1,562 or less per year, or around $130 per month.

Additional luxury SUVs that have affordable average insurance rates are the Lexus UX 250h, Cadillac XT6, Mercedes-Benz GLB 250, and Mercedes-Benz GLA250, with average rates of $1,640 per year or less.

Ranked lower than 10th place, but still in the top 20, models like the Lexus NX 350, Alfa Romeo Tonale, Lexus NX 250, Acura MDX, and Lexus NX 450h cost between $1,640 and $1,718 per year to insure in Albuquerque.

If rates are ranked based on vehicle size, the cheapest compact luxury SUV model to insure in Albuquerque is the Acura RDX at $1,406 per year, or $117 per month. For midsize luxury SUV models, the Lexus RX 350 is the cheapest model to insure at $1,510 per year, or $126 per month. And for full-size luxury SUVs, the Volvo XC90 has the cheapest rates at $1,738 per year, or $145 per month.

The rate comparison table below ranks the luxury SUVs with the lowest-cost car insurance in Albuquerque, starting with the Acura RDX at $1,406 per year and ending with the Mercedes-Benz GLC300 at $1,718 per year.

For more car insurance comparisons, see our guide for luxury SUV insurance.

Don’t see rates for your luxury SUV? Enter your zip code at the bottom of the table and click the orange ‘GO’ button to get free Albuquerque car insurance quotes from the best companies in New Mexico.

Auto insurance cost examples

To reinforce the concept of how much the cost of car insurance can vary from one person to the next (and also emphasize the importance of accurate rate quotes), the charts below present many different rates for five popular vehicles in Albuquerque: the Chevrolet Silverado, Honda Civic, Nissan Rogue, Kia Sorento, and Ford Mustang.

Each chart shows average rates for different profiles to demonstrate the potential cost difference with only minor changes in the driver profile.

Chevrolet Silverado insurance rates

With a MSRP ranging from $42,795 to $73,395, average Albuquerque insurance rates for a 2023 Chevrolet Silverado range from $1,652 per year on the Silverado WT Regular Cab 4WD model up to $2,046 per year on the Silverado ZR2 Crew Cab 4WD model.

When Albuquerque insurance rates on a Chevrolet Silverado are compared with national average insurance rates on the same model, rates are anywhere from $74 to $92 less per year in Albuquerque, depending on trim level.

The chart displayed below might help to visualize how the cost of insurance for a Chevrolet Silverado can be quite different based on changes in the age of the driver and risk profiles.

The Chevrolet Silverado is considered a full-size truck, and other similar models that are popular in Albuquerque include the Ram Truck, GMC Sierra, and Nissan Titan.

Honda Civic insurance rates

In Albuquerque, the least-expensive car insurance rates on a 2023 Honda Civic are on the Sport trim model, costing an average of $1,542 per year, or about $129 per month. This model stickers at $24,650.

The most expensive 2022 Honda Civic to insure in Albuquerque is the Type R model, costing an average of $1,820 per year, or about $152 per month. The sticker price for this trim is $42,895, not including documentation fees and destination charges.

The chart displayed below demonstrates how insurance rates on a Honda Civic can range considerably based on a variety of different driver ages and common policy situations. For this example, rates vary from $1,372 to $3,726 per year, which is a price difference of $2,354 caused by changes in driver risk.

The Honda Civic is considered a compact car, and other models in the same segment include the Hyundai Elantra, Chevrolet Cruze, Nissan Sentra, and Toyota Corolla.

Nissan Rogue insurance rates

In Albuquerque, the cheapest car insurance rates on a 2023 Nissan Rogue are on the S 2WD trim version, costing an average of $1,462 per year, or about $122 per month. This model has a sticker price of $27,360.

The most expensive 2022 Nissan Rogue model to insure in Albuquerque is the Platinum AWD model, costing an average of $1,620 per year, or around $135 per month. The cost for this trim is $37,230, before destination charges and documentation fees.

From a cost per month standpoint, auto insurance rates on a 2023 Nissan Rogue for a middle-age safe driver can range from $122 to $135 per month, depending on the car insurance company you choose in Albuquerque.

The bar chart below demonstrates how auto insurance quotes for a Nissan Rogue can be quite different based on different driver ages and possible risk profiles.

The Nissan Rogue belongs to the compact SUV segment, and other popular same-segment models include the Honda CR-V, Chevrolet Equinox, and Mazda CX-5.

Kia Sorento insurance rates

The most affordable 2023 Kia Sorento model to insure in Albuquerque is the LX model, costing an average of $1,414 per year, or around $118 per month. This model has a MSRP of $29,990.

The most expensive 2022 Kia Sorento trim to insure in Albuquerque is the SX Prestige Plug-in Hybrid, costing an average of $1,664 per year, or about $139 per month. The retail cost for this model is $49,890, not including charges and fees.

When Albuquerque car insurance rates on a Kia Sorento are compared with the overall national average cost for the same vehicle, rates are anywhere from $66 to $78 less per year in Albuquerque, depending on which trim level is insured.

The next rate chart illustrates how the cost of car insurance for a Kia Sorento can range considerably based on driver age and common policy situations.

The Kia Sorento is a midsize SUV, and other models popular in Albuquerque include the Honda Pilot, Toyota Highlander, and Ford Edge.

Ford Mustang insurance rates

Ford Mustang insurance in Albuquerque averages $1,830 per year, with rates ranging from a low of $1,626 per year for the Mustang Ecoboost Fastback model (MSRP of $27,470) up to $2,122 per year on the Mustang Shelby GT500 trim (MSRP of $79,420).

When Albuquerque car insurance quotes on a Ford Mustang are compared to the national average cost for the same vehicle, rates are $74 to $94 less per year in Albuquerque, depending on the trim level being insured.

From a cost per month standpoint, auto insurance for the Ford Mustang can range from $136 to $177 per month, but the exact cost can vary considerably based on your Albuquerque Zip Code.

The chart displayed below shows how insurance rates on a Ford Mustang can range considerably for different driver ages and policy risk profiles.

The Ford Mustang is part of the sports car segment, and other popular same-segment models include the Subaru BRZ, Toyota GR Supra, Chevrolet Camaro, and Nissan Z.

How to find cheaper Albuquerque auto insurance

Albuquerque drivers are often looking to reduce the monthly expense for insurance So glance at the tips in this next list to see if you can save a little cash on your next policy.

• Choose a vehicle that is cheaper to insure. The make and model of vehicle you drive is a huge factor in the cost of insurance. As an example, a Kia Sportage costs $178 less per year to insure in Albuquerque than a Nissan 370Z. Lower performance vehicles cost less to insure.
• The real world isn’t Grand Theft Auto. To get the cheapest auto insurance in Albuquerque, it pays to drive conservatively. A couple of traffic violations have the potential to raise policy rates as much as $446 per year.
• If your car is older, remove unneeded coverages. Removing physical damage coverage from vehicles whose value has dropped to the point where coverage is not cost effective will reduce the cost of auto insurance significantly.
• Shop your coverage around. Setting aside a few minutes every year or so to get free car insurance quotes is a smart way to save money. Rates are always changing and you are not locked into any one company.
• Don’t file small claims. Most insurance companies offer discounts if you have no claims. Car insurance should be used to protect you from large financial hits, not small claims.
• Save money by qualifying for policy discounts. Discounts may be available if the insureds are claim-free, take a defensive driving course, insure their home and car with the same company, sign their policy early, choose electronic billing, or many other policy discounts which could save the average Albuquerque driver as much as $286 per year on the cost of auto insurance
• Being a safe driver saves money. Too frequent at-fault accidents can raise rates, potentially as much as $2,362 per year for a 20-year-old driver and as much as $694 per year for a 40-year-old driver. So be safe and save.