Albuquerque Car Insurance (2023 Cheapest + Rankings)

• Albuquerque car insurance rates cost an average of $1,728 per year, or about $144 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 $1,440 per year, Honda Passport at $1,340 per year, Cadillac CT5 at $1,858 per year, and Subaru Impreza at $1,430 per year.

How much does car insurance cost in Albuquerque?

Albuquerque car insurance costs an average of $1,728 per year, which is about the same as the overall U.S. national average rate. The average cost per month for car insurance in Albuquerque is $144 for full coverage.

The average cost to insure a vehicle in New Mexico is $1,490 per year, so Albuquerque drivers pay an average of $238 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 $336 per year more than in Las Cruces, $188 per year more than in Santa Fe, and $344 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 – $6,182 per year or $515 per month
• 17 year old – $5,778 per year or $482 per month
• 18 year old – $5,398 per year or $450 per month
• 19 year old – $4,886 per year or $407 per month
• 20 year old – $3,434 per year or $286 per month
• 30 year old – $1,818 per year or $152 per month
• 40 year old – $1,728 per year or $144 per month
• 50 year old – $1,572 per year or $131 per month
• 60 year old – $1,544 per year or $129 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 $1,306 per year for a policy with high physical damage deductibles for a 60-year-old driver to $3,990 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 $109 to $333.

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 $4,346 to $6,182 per year to insure a teenage driver in Albuquerque.
• A low deductible policy costs more – A 20-year-old driver pays an average of $898 more per year for $250 deductibles versus $1,000 deductibles.
• Albuquerque auto insurance rates are more expensive than the New Mexico state average – $1,728 (Albuquerque average) compared to $1,490 (New Mexico average)
• Teenage female drivers pay lower rates than teen males – Teenage female drivers pay $540 to $742 less per year than males of the same age.
• Cost per month ranges from $129 to $515 – 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 $1,706 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 $1,380 or less per year ($115 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 $1,462 or less per year, or $122 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 $1,544 per year for full coverage insurance up to the BMW XM at $2,808 per year.

As another example, in the large SUV segment, the average cost of insurance ranges from the Chevrolet Tahoe costing $1,618 per year up to the Jeep Grand Wagoneer at $2,248 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 $1,430 per year. Second place is the Volkswagen Jetta at $1,576 per year, and the third most affordable is the Subaru Legacy, costing an average of $1,590 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 $1,664 per year or less.

Auto insurance for this segment in Albuquerque for an average middle-age driver will start around $119 per month, depending on where you live.

The lowest-cost compact car to insure in Albuquerque is the Subaru Impreza at $1,430 per year. For midsize models, the Subaru Legacy has the cheapest rates at $1,590 per year. And for full-size sedans, the Chrysler 300 has the cheapest rates at $1,684 per year.

The comparison table below ranks the cars with the cheapest auto insurance rates in Albuquerque, starting with the Subaru Impreza at $119 per month and ending with the Volkswagen Arteon at $151 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 $1,346 or less per year, or around $112 per month.

Additional SUVs that have affordable insurance rates include the Buick Envision, Buick Encore, Subaru Ascent, and Kia Seltos, with average rates of $1,402 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 $109 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 $1,306 per year and ending with the Chevrolet Trax at $1,482 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 $1,596 per year. Second place is the Audi TT at $1,790 per year, in third place is the Ford Mustang, costing an average of $1,868 per year, and fourth place goes to the BMW Z4, at an average of $1,884 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 $2,080 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 $2,080 and $2,594 to insure per year.

Auto insurance for this segment in Albuquerque for the average driver can cost as low as $133 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 $1,596 per year ($133 per month) and ending with the Lexus LC 500 at $2,594 per year ($216 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 $1,432 per year, Chevrolet Colorado at $1,438 per year, Nissan Frontier at $1,488 per year, and Ford Ranger at $1,530 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 $1,754 per year or less.

On a monthly basis, auto insurance in this segment for the average driver can cost as low as $119 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 $1,432 per year and ending with the Nissan Titan XD at $1,926 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 $1,550 per year, the BMW 330i at $1,752 per year, and the Acura TLX at $1,780 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 $1,876 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 $1,876 and $1,928 per year for full-coverage insurance.

The most affordable compact luxury car to insure in Albuquerque is the Acura Integra at $1,550 per year. For midsize luxury cars, the Cadillac CT5 has the cheapest rates at $1,858 per year. And for large luxury cars, the Audi A5 has the cheapest rates at $1,936 per year.

The next table ranks the twenty luxury cars with the cheapest car insurance rates in Albuquerque, starting with the Acura Integra at $1,550 per year and ending with the Volvo S60 at $1,928 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 $1,596 or less per year, or around $133 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 $1,680 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 $1,680 and $1,758 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 $1,440 per year, or $120 per month. For midsize luxury SUV models, the Lexus RX 350 is the cheapest model to insure at $1,544 per year, or $129 per month. And for full-size luxury SUVs, the Volvo XC90 has the cheapest rates at $1,780 per year, or $148 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 $1,440 per year and ending with the Mercedes-Benz GLC300 at $1,758 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 $1,690 per year on the Silverado WT Regular Cab 4WD model up to $2,092 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 $84 to $104 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 $1,576 per year, or about $131 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 $1,862 per year, or about $155 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 $1,402 to $3,808 per year, which is a price difference of $2,406 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 $1,494 per year, or about $125 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 $1,658 per year, or around $138 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 $125 to $138 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 $1,448 per year, or around $121 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 $1,702 per year, or about $142 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 $70 to $86 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 $1,868 per year, with rates ranging from a low of $1,662 per year for the Mustang Ecoboost Fastback model (MSRP of $27,470) up to $2,170 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 $84 to $110 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 $139 to $181 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 $180 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 $452 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 $296 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 $2,412 per year for a 20-year-old driver and as much as $706 per year for a 40-year-old driver. So be safe and save.