Buying car insurance in Albuquerque is as easy as anywhere else in the United States. The first step is to compare a few instant car insurance quotes online. Then simply narrow down the field until you find a company that’s right for you.
However, all this assumes that you already know a thing or two about auto insurance. If you’re a driver in Albuquerque or New Mexico you’re likely already familiar with the various laws and rules governing insurance. On the other hand, if you’re a new driver or a new driver to the state, you may need to learn a thing or two about coverage.
Local Albuquerque Car Insurance Agents Waiting To Serve You
A common first step to getting insurance is looking for an agent. Therefore, we have included links to agent listings for some of the biggest insurance carriers in Albuquerque.
Albuquerque Allstate Insurance Agents
Allstate has around 30 agents in the Albuquerque area. This means there should be one near you.
Albuquerque Farmers Insurance Agents
Farmers has over 50 agents in Albuquerque, making them one of the largest insurers in the city.
Albuquerque Geico Insurance Agents
Geico only has one agent for Albuquerque who happens to be their only agent for the whole state of New Mexico.
Albuquerque Progressive Insurance Agents
Progressive has relationships with 16 agents/brokers in the Albuquerque area.
Albuquerque State Farm Insurance Agents
State Farm has over 50 agents in Albuquerque, which makes them among the largest insurance companies in the city.
New Mexico Agent/Producer Search
Search for any agent anywhere in New Mexico.
Your insurance agency not listed? If you own an insurance agency that operates in Albuquerque and would like to be included in our listings above please use our contact form. At the current time we do not accept individual agent listings except as part of our paid featured listing option.
Albuquerque Auto Insurance Rates For The City’s Drivers
While New Mexico is not the cheapest state in the nation to buy insurance, the average rate paid by most drivers is slightly below the national average. However, the same can not be said of Albuquerque. Drivers in the city pay more than both the US national average for auto insurance and much more than the New Mexico state average. According to CarInsurance.com the average driver in the city pays just over $1,800 a year for his or her coverage.
Driving And Accident Information For Albuquerque
Albuquerque is a relatively safe place to drive. According to the INRIX National Highway Traffic Scorecard the city does not have any major traffic issues. It is ranked as only being the 61st most congested city in the country. Furthermore, according to Allstate you can expect to get in an accident once every 9.5 years on average, only very slightly worse than average.
The one area where the city does not do so well is in the number of accidents that result in fatalities. Bernalillo County, where Albuquerque is located, recorded 49 traffic fatalities in 2010, according to the National Highway Traffic Safety Administration. This is down over 30% in the past 5 years, but still means the county has about twice the number of fatal accidents each year compared to the next highest one.
New Mexico State Car Insurance Laws
New Mexico’s state auto insurance laws are pretty straightforward. Included below are a few basics. However, if you have a specific question it is best to speak to a licensed Albuquerque auto insurance agent, who is legally allowed to offer insurance advice. The main thing most people want to know is how much coverage they are required to buy.
The good news is that New Mexico has low requirements when it comes to auto insurance. You are required to buy both liability and uninsured motorist coverage for the following amounts: $25,000 for bodily injury to or death of one person, $50,000 for bodily injury to or death of two or more persons, and $10,000 for property damage in any one accident.
The other really important thing to know about insurance in New Mexico is the type of insurance they use. The good news here is that they use, what can arguably be called, the fairest system. Insurance is based on pure comparative fault. This means that your ability to claim compensation depends entirely on how much at fault you are in an accident. For example, if you’re 40% at fault you can only claim back 60% of the costs associated with the accident.
Saving Money With Albuquerque Auto Insurance Quotes Online
Did you know that several hundred dollars can separate two car insurance policies that offer the same benefits and coverage? That is why you should look around for different options whenever you are looking for Albuquerque car insurance.
There are dozens of auto insurance companies in Albuquerque that compete against each other. If you do find a competitive Albuquerque car insurance company or agent, you can try to get more value for your money by asking for discounts, especially if your car has some added security features.
Lowering Your Albuquerque Car Insurance Rates
Some of the security features that can earn you discounts in Albuquerque are airbags. Airbags increase the chances of escaping from injury. Another security feature of your car that can earn you a discount are the anti-lock brakes, which also increase the safety level of your vehicle. Other features are anti-theft devices and running daytime lights these are simple features you can buy or add, that can significantly lower the car insurance rates offered by insurance carriers.
Another thing that can help you lower your Albuquerque insurance is when you present competitive quotes to your insurance company from their competitors. Prepare for a debate, because they will present arguments that will make you think theirs is the better option.
What you have to do is stop, and say that the bottom-line is for you to spend less on Albuquerque car insurance. This will usually shut them up. If they refuse, then you can always go to the company who offers cheaper car insurance rates. So look for car insurance online, where you can first begin your shopping for cheap, discounted quotes.
City of Albuquerque Website
PRC Division of Insurance