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Car Insurance in Albuquerque

Illustration of van driving by Freeway Insurance headquarters

Founded in 1706, Albuquerque is also known as the Duke City given that it was named in honor of the 10th Duke of Alburquerque, who was the Viceroy of New Spain at the time.

The most populous city in New Mexico, Albuquerque is a vacation destination known for its devotion to the arts. The city also hosts the International Balloon Fiesta each year, which is one of the largest gatherings of hot air balloons in the world.

Quick Facts

  • The average cost of car insurance in Albuquerque is $1,556 per year
  • There are more than 560,000 residents of Albuquerque

How Much is Car Insurance in Albuquerque?

On average, the annual cost for car insurance in Albuquerque is $1,556. That amount is slightly above the national average, and it is well over the average throughout New Mexico. That should come as no surprise given that Albuquerque is the largest population center in the state. The exact cost of your New Mexico car insurance will depend on several important factors.

City Average Annual Premium
Albuquerque $1,556
Rio Rancho $1,432
Hobbs $1,408
Santa Fe $1,356

The factors that could impact the cost of your car insurance include your ZIP code, age, and the type of car you drive. Your driving history is another important factor.

While the cost of car insurance might seem expensive at first, it is important to remember that these costs pale in comparison to what an accident will cost you if you lack insurance. You could face financial responsibility not only for the damage to your vehicle but also to the other vehicles in the accident as well.

Albuquerque Car Insurance Rates by Zip Code

One factor that could impact your rates that you might not expect is your zip code. Studies reflect that car accidents are more common in some zip codes than others. For that reason, insurance companies use your home zip code as one of the factors to determine how likely you are to be in a collision.

In total, Albuquerque is home to 45 zip codes. The average insurance rate for drivers can vary from one zip code to another. Understanding how your zip code could impact your quote is useful when you are seeking auto coverage.

Zip Code Average Car Insurance Rate
87101 $1,591
87102 $1,580
87104 $1,557
87105 $1,550
87106 $1,548
87107 $1,530

Albuquerque Car Insurance Rates by Age

Another factor that could impact the cost of your car insurance is your age. In general, younger drivers are more likely to be involved in accidents. For that reason, the cost of car insurance is highest for teenagers but decreases over time.

Age Average Car Insurance Rate
Teenagers $6,158
20s $2,084
30s $1,525
40s $1,486
50s $1,406
60s $1,449
70s $1,806

Driving Conditions in Albuquerque

How Many Fatal Accidents Happen in Albuquerque?

In 2019, there were 97 fatal accidents in Albuquerque. In those accidents, there were a total of 101 fatalities. In total, there were 220 individuals involved in these accidents, including 49 pedestrians. Drunk driving accounted for 21 of these fatalities.

How Are the Road Infrastructure and Bridges in Albuquerque?

Road construction is a common thing in Albuquerque. The area has many infrastructure needs, especially when it comes to road work and bridge repair. According to the Albuquerque Journal, an influx of federal money could bring many of these projects to life soon

Statewide, the infrastructure issues are similar. New Mexico received a C- on its 2021 Infrastructure Report Card. This score is based in part on the fact that more than 30 percent of the state’s roads are in poor condition.

Get a Quote for Car Insurance in New Mexico Today!

Minimum Car Insurance Requirements in Albuquerque

Every driver in Albuquerque is required to carry a minimum level of liability insurance. This should come as no surprise, as every state requires some degree of financial responsibility in case of an accident.

The state minimum insurance includes:

  • Bodily injury: $25,000 per person and $50,000 per accident
  • Property damage: $10,000 per accident
  • Uninsured motorist bodily injury: $25,000 per person and $50,000 per accident
  • Uninsured motorist property damage: $10,000 per accident

It is possible to waive the uninsured motorist coverage. Doing so requires a motorist to provide a written, signed waiver to the insurance company.

Factors Allowed in Albuquerque Car Insurance Rates

Insurance companies rely on different factors when setting car insurance rates. Some of those factors include:

  • Age
  • Gender
  • Type of car
  • Driving record
  • Zip code
  • Credit score
  • Marital status
  • Claim history

Discounts for Car Insurance in Albuquerque

Discounts represent the best ways to save money on car insurance in Albuquerque. Some of the most common discounts available through Freeway include:

  • Graphic of a man driving a car

    Safe driver

  • Blue icon of a graduation cap

    Good student

  • Green icon of a military man


  • Pink icon of a thief


  • Icon money

    Paperless billing

What are the Penalties for Driving Without Insurance in Albuquerque?

Driving without insurance is a criminal offense in Albuquerque. The courts have some discretion on the penalties that come with a conviction. You could face a fine of up to $300, which could be increased to $1,000 if you fail to turn in your license and registration. You could even face up to six months in jail. Other consequences might include the requirement to maintain SR-22 insurance.

Get a Quote for Car Insurance in Albuquerque Today!

Panoramical view of Albuquerque city in the afternoon with many buildings and trees

Every resident who drives in Albuquerque needs auto insurance to protect themselves from unexpected collisions. Not only does the law require it, but the lack of insurance could put you in a financial hole following a collision.

Freeway is here to help you get the coverage you need at a fair price. You can get started with a quote online or visit us at an Albuquerque office near you. You can also call us at (800) 777-5620 for a quote.