Find Cheaper Dodge Nitro Insurance in Albuquerque

Overwhelmed by the crazy number of auto insurance choices available to you? Lot’s of other drivers are too. New Mexico people have such a large number of options that it can quickly become a difficult situation to compare rates on Dodge Nitro insurance. Lots of people think Albuquerque has many things to offer, but inflated auto insurance rates makes it very hard to be able to afford adequate coverage.

It goes without saying that car insurance companies don’t want you to look for cheaper rates. Insureds who shop around for the cheapest rate are inclined to move their business because they have good chances of getting low-cost coverage. Remarkably, a study showed that people who made a habit of comparing rate quotes saved an average of $3,500 over four years as compared to drivers who never compared rates.

If finding the lowest price on Dodge Nitro insurance is your target objective, then knowing the best way to quote and compare insurance can help simplify the task of finding more affordable coverage.

You need to compare prices on a regular basis due to the fact that insurance prices are adjusted regularly by insurance companies. If you had the best price on Dodge Nitro insurance in Albuquerque a couple years back a different company probably has better rates today. Block out anything you think you know about auto insurance because you’re about to find out the only way to lower your rates without sacrificing coverage.

Seven Tips to Get Cheap Albuquerque Insurance Rates

Part of the auto insurance buying process is learning the factors that come into play when calculating the price you pay for auto insurance. If you have a feel for what influences your rates, this empowers consumers to make smart changes that may result in big savings.

Your career may increase premiums – Do you work in a high-stress field? Jobs such as doctors, architects, and medical professionals tend to pay higher rates than the rest of us attributed to intense work-related stress and lengthy work days. On the flip side, careers such as professors, historians and performers pay the least.

Rental and towing coverage may not be needed – Insurance policies have a lot of additional coverages that you can buy if you aren’t careful. Coverages for coverage for rental cars, death and dismemberment, and motor club memberships may be wasting your money. They may sound like good ideas when buying your policy, but your needs may have changed so get rid of them and save.

Liability limits should be high – The liability coverage on your policy will afford coverage when a jury decides you are liable for an accident. Liability provides legal defense which can cost a lot. Liability insurance is quite affordable compared to insuring for physical damage coverage, so do not skimp.

More performance means more cost – The performance of the car or truck you need insurance for makes a huge difference in your rates. Low performance passenger vehicles receive the most favorable rates, but your final cost has many other factors.

The data below assumes a married male driver age 50, full coverage with $250 deductibles, and no discounts or violations. The chart compares Dodge Nitro rates compared to other models of vehicles that have a range of performance risks.

Accidents will cost you – A bad driving record impacts your car insurance rates tremendously. Just one speeding ticket may cause rates to rise forty percent or more. Drivers who don’t get tickets get better prices than bad drivers. People who have serious violations such as DUI or willful reckless driving may face state-mandated requirements to prove financial responsibility with their state’s department of motor vehicles in order to prevent their license from being revoked.

The illustration below demonstrates how traffic citations and at-fault accidents increase Dodge Nitro auto insurance rates for different ages of insureds. The data is based on a single female driver, full coverage, $100 deductibles, and no other discounts are factored in.

Too many claims drive up prices – Insurance companies in New Mexico award discounts to drivers who do not file claims often. If you’re an insured who likes to file claims you can look forward to much higher rates or policy non-renewal. Your insurance policy is designed for the large, substantial claims.

What are your coverage deductibles? – Physical damage deductibles define the amount you are willing to pay in the event of a claim. Insurance for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. Some coverage claims would be rear-ending another vehicle, damage caused by hail, and damage caused by road hazards. The more expense the insured has to pay upfront, the better rate you will receive.

When shopping for Dodge Nitro insurance in Albuquerque there are multiple ways to get quotes from many insurance companies in New Mexico. The best way to compare rates is simply to get online rate quotes.

Keep in mind that making a lot of price comparisons gives you a better chance of getting the best rates. Some smaller insurers do not give online Albuquerque Nitro insurance quotes, so you should also compare prices from them as well.

The companies shown below have been selected to offer free quotes in New Mexico. If your goal is to find cheap auto insurance in Albuquerque, we recommend you click on several of them in order to get a fair rate comparison.

Premium rates and analysis

The coverage information below outlines different insurance coverage prices for Dodge Nitro models. Having insight into how premiums are determined can be of help when making decisions when choosing a new policy provider.

Data based on married female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Price estimates do not factor in vehicle garaging location which can change coverage prices significantly.

Where to set your deductibles

When buying insurance, a common question is how high should the physical damage coverage deductibles be. The data tables below may help to conceptualize the rate difference between low and high comp and collision deductibles. The first table uses a $250 physical damage coverage deductible and the second price table uses a $500 deductible.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and New Mexico minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Rates do not factor in vehicle garaging location which can raise or lower rates greatly.

Using the data above, we can ascertain that using a $250 deductible could cost the average driver approximately $13 more each month or $156 for a full year than quoting the higher $500 deductible. Because you would pay $250 more out of your own pocket with a $500 deductible as compared to a $250 deductible, if you tend to go more than 19 months between claims, you would most likely save money if you choose the higher deductible.

The diagram below illustrates how choosing a deductible and can influence Dodge Nitro yearly insurance costs for each different age group. The rates are based on a single female driver, comprehensive and collision coverage, and no discounts are factored in.

Male drivers versus female drivers

The information below illustrates the comparison of Dodge Nitro yearly insurance costs for male and female drivers. The information is based on no accidents or driving violations, full coverage, $1,000 deductibles, drivers are not married, and no additional discounts are factored in.

Comparison of full coverage and liability-only policies

The illustration below shows the difference between Dodge Nitro car insurance costs with and without physical damage coverage. The costs are based on a clean driving record, no at-fault accidents, $100 deductibles, single marital status, and no discounts are taken into consideration.

When to drop full coverage

There is no definitive rule of when to eliminate physical damage insurance, but there is a guideline you can consider. If the annual cost of having full coverage is 10% or more of any settlement you would receive from your insurance company, then it could be time to drop full coverage.

For example, let’s pretend your Dodge Nitro replacement cost is $8,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would receive is $7,000 after paying your deductible. If premiums are more than $700 annually for physical damage coverage, then you may want to consider only buying liability coverage.

There are a few cases where buying only liability insurance is not in your best interest. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should maintain full coverage.

It may be expensive, but it’s not optional

Despite the fact that auto insurance is not cheap in Albuquerque, paying for auto insurance may be required for several reasons.

• Most states have mandatory liability insurance requirements which means the state requires a minimum amount of liability insurance in order to drive the car. In New Mexico these limits are 25/50/10 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
• If you have a lien on your Nitro, it’s most likely the lender will force you to buy insurance to guarantee loan repayment. If coverage lapses or is canceled, the bank or lender will purchase a policy for your Dodge at a more expensive rate and require you to fork over for it.
• Insurance protects your Dodge Nitro and your assets. Insurance will pay for hospital and medical expenses for not only you but also any passengers injured in an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if you cause an accident and are sued. If you receive damage to your vehicle caused by a storm or accident, your policy will pay all costs to repair after the deductible has been paid.

The benefits of buying auto insurance definitely exceed the cost, particularly when you have a large claim. The average driver in New Mexico is wasting up to $750 every year so compare quotes from several companies at every policy renewal to ensure rates are inline.

Check for these discounts on Dodge Nitro insurance in Albuquerque

Buying insurance is not cheap, but you might find some hidden discounts that could help you make your next renewal payment. Some discounts apply automatically when you get a quote, but some may not be applied and must be manually applied before you get the savings. If you aren’t receiving every discount you qualify for, you could be paying more than you need to.

• Smart Student Discounts – Excelling in school can get you a discount of up to 25%. Many companies even apply the discount to college students well after school through age 25.
• Discounts for Federal Employees – Active or retired federal employment may reduce rates when you quote Albuquerque auto insurance with certain companies.
• Discount for Home Ownership – Just owning your own home may trigger a policy discount on insurance since home ownership shows financial diligence.
• Passive Restraint Discount – Factory options such as air bags may earn rate discounts of 25 to 30%.
• Defensive Driver Discount – Participating in a course that instructs on driving safety could save 5% or more and make you a better driver.

A little disclaimer on discounts, most credits do not apply to the entire cost. A few only apply to individual premiums such as liability and collision coverage. Despite the fact that it seems like adding up those discounts means a free policy, you’re out of luck.

The chart below shows the comparison of Dodge Nitro auto insurance rates with and without discounts. The costs are based on a female driver, a clean driving record, no claims, New Mexico state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, homeowner, claim-free, multi-policy, safe-driver, and marriage discounts applied.

A few of the larger companies and a selection of discounts can be found below.

• Progressive has savings for multi-policy, multi-vehicle, continuous coverage, good student, homeowner, online signing, and online quote discount.
• AAA offers discounts for multi-policy, pay-in-full, education and occupation, multi-car, and anti-theft.
• Farmers Insurance may have discounts that include switch companies, mature driver, alternative fuel, bundle discounts, early shopping, pay in full, and good student.
• GEICO policyholders can earn discounts including good student, daytime running lights, anti-lock brakes, multi-vehicle, and emergency military deployment.
• Esurance may include discounts for renters, Switch & Save, claim free, anti-theft, good student, homeowner, and multi-policy.
• SAFECO discounts include accident prevention training, homeowner, teen safety rewards, safe driver, bundle discounts, anti-lock brakes, and teen safe driver.
• State Farm may offer discounts for passive restraint, defensive driving training, student away at school, good student, accident-free, and anti-theft.

If you are trying to find low cost Albuquerque auto insurance quotes, ask each company or agent which discounts you may be entitled to. Savings might not be offered in your state. To find insurance companies who offer insurance discounts in New Mexico, follow this link.

Do I need an agent?

Certain consumers would prefer to buy from a local agent and we recommend doing that One of the benefits of comparing rate quotes online is you can get cheap auto insurance quotes and also buy local.

Once you complete this quick form, your insurance coverage information is emailed to agents in your area that can give you free Albuquerque auto insurance quotes to get your business. It’s much easier because you don’t need to leave your house because prices are sent directly to your email. Get lower rates AND a local agent. If for some reason you want to compare rates for a specific company, you just need to go to their quote page to submit a rate quote request.

Selecting an provider shouldn’t rely on just a cheap price quote. Here are some questions to ask:

• Can they help ensure a fair claim settlement?
• Will their companies depreciate repairs to your car based on the mileage?
• Do they have cheaper tiers of coverage?
• Will you work with the agent or an assistant?
• Are they full-time agents?
• Do they have adequate Errors and Omissions coverage? This protects you if they make a mistake.

Not all auto insurance agents are the same

When finding a reputable insurance agent or broker, it’s helpful to know the types of insurance agents and how they are distinctly different. Auto insurance agents can be classified as either exclusive or independent.

Exclusive Auto Insurance Agencies

Exclusive agencies can only provide pricing for a single company and some examples include Farmers Insurance, Allstate, or State Farm. Exclusive agents cannot provide prices from multiple companies so they really need to provide good service. These agents are very knowledgeable on what they offer and that enables them to sell even at higher rates. Consumers frequently buy from exclusive agents mainly due to the prominence of the brand rather than having the cheapest rates.

Below are Albuquerque exclusive agencies that can give you price quotes.

• Tim Gallegos – State Farm Insurance Agent
  1100 Coors Blvd SW, Ste B2 – Albuquerque, NM 87121 – (505) 200-2319 – View Map
• Allstate Insurance: Krista L. Sanchez
  3300 San Mateo Blvd NE e – Albuquerque, NM 87110 – (505) 255-3371 – View Map
• Lanell Anderson – State Farm Insurance Agent
  5600 Menaul Blvd NE – Albuquerque, NM 87110 – (505) 881-0550 – View Map

More insurance agents

Independent Agents

Agents in the independent channel often have many company appointments and that enables them to quote your coverage with multiple insurance companies and possibly get better coverage at lower prices. To transfer your coverage to a different company, they can switch companies in-house which requires no work on your part.

When shopping rates, you need to contact a couple of independent agencies so that you can do a thorough price comparison. Most have the option of insuring with small mutual carriers which may provide better rates.

Shown below is a list of independent insurance agencies in Albuquerque that are able to give comparison quotes.

• J. B. Martin Insurance Agency
  8500 Menaul Blvd NE #345 – Albuquerque, NM 87112 – (505) 888-8846 – View Map
• Commercial West Insurance
  2616 Mesilla St NE #2 – Albuquerque, NM 87110 – (505) 255-9577 – View Map
• Associated Insurance Professionals, Inc
  1429 Carlisle Blvd NE – Albuquerque, NM 87110 – (505) 265-3704 – View Map

More insurance agents

If you get positive responses as well as an affordable premium quote, most likely you have located an auto insurance agent that is reliable enough to adequately provide auto insurance. Just understand that you can cancel coverage whenever you want so don’t assume that you are obligated to the auto insurance policy for the entire policy term.

What is the best auto insurance company in New Mexico?

Finding a good quality car insurance provider can be challenging considering how many companies sell coverage in New Mexico. The information listed below may help you analyze which auto insurers to look at purchasing coverage from.

Top 10 Albuquerque Car Insurance Companies Ranked by Value

1. USAA
2. American Family
3. The Hartford
4. Titan Insurance
5. The General
6. AAA Insurance
7. State Farm
8. Mercury Insurance
9. Nationwide
10. Safeco

Top 10 Albuquerque Car Insurance Companies Ranked by Customer Service

1. GEICO
2. State Farm
3. The Hartford
4. Mercury Insurance
5. The General
6. Progressive
7. Allstate
8. AAA Insurance
9. American Family
10. Nationwide

Persistent drivers can save

Budget-conscious Dodge Nitro insurance is attainable from both online companies in addition to many Albuquerque insurance agents, and you should compare rates from both to have the best selection. Some insurance providers may not offer price quotes online and most of the time these smaller providers sell through independent insurance agents.

When you buy Albuquerque auto insurance online, it’s not a good idea to buy poor coverage just to save money. There are many occasions where an insured cut collision coverage and learned later that saving that couple of dollars actually costed them tens of thousands. Your focus should be to buy enough coverage at the best possible price.

Throughout this article, we presented many tips how you can find cheaper Dodge Nitro insurance in Albuquerque. The most important thing to understand is the more times you quote, the better chance you’ll have of finding affordable Albuquerque auto insurance quotes. Drivers may even discover the best price on auto insurance is with the smaller companies.

Steps to finding low-cost rates for Dodge Nitro insurance in Albuquerque

If you want to save the most money, the best way to find low-cost Dodge Nitro insurance is to make a habit of regularly comparing prices from companies that sell auto insurance in Albuquerque.

• First, take a little time to learn about how car insurance works and the things you can control to prevent expensive coverage. Many policy risk factors that result in higher prices like tickets, at-fault accidents, and bad credit can be remedied by paying attention to minor details.
• Second, quote rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can only give prices from one company like GEICO and State Farm, while independent agencies can give you price quotes from multiple sources.
• Third, compare the new quotes to your existing coverage to see if switching to a new carrier will save money. If you can save some money, make sure the effective date of the new policy is the same as the expiration date of the old one.

One thing to point out is to try to compare the same physical damage deductibles and liability limits on every price quote and and to analyze as many companies as feasibly possible. Doing this guarantees a fair rate comparison and a complete price analysis.

More resources

• Bodily Injury Coverage (Liberty Mutual)
• Who Has Affordable Auto Insurance Quotes for a Chevrolet Silverado in Albuquerque? (FAQ)
• Who Has the Cheapest Car Insurance for Drivers Over Age 50 in Albuquerque? (FAQ)
• Things to Know Before you Cancel Insurance (Allstate)
• What does Personal Injury Protection (PIP) Cover? (Allstate)