Trying to find affordable auto insurance is not always easy, and deciding which companies offer the cheapest insurance rates for real estate agents will require a little more work.
Every car insurance company has their own process for filing rates in each state, so first let’s look at the rankings for the insurance companies that tend to be cheaper in Albuquerque. It’s important that you understand Albuquerque insurance rates are impacted by many things that may substantially change the cost of a policy. Simply having a birthday, buying a new vehicle, or getting into an accident can trigger price changes that can cause some rates to be much higher than others.
Best Auto Insurance Prices for Realtors
USAA offers some of the best car insurance rates in Albuquerque at around $683 each year. This is $885 less than the average price paid by New Mexico drivers of $1,568. Allied, Safeco, Farm Bureau Mutual, and Farmers also qualify as some of the lowest-priced Albuquerque, NM auto insurance companies.
As depicted above, if you have coverage with Farm Bureau Mutual and switched to Allied, you could see savings of approximately $258. Drivers with Farmers could save as much as $356 a year, and The Hartford customers might see rate reductions of $406 a year.
Bear in mind that those prices are averaged across all insureds and vehicles and do not factor in a vehicle location for real estate agents. So the auto insurance company that has the cheapest price for you may not even be in the list above. That is why you need to get rate quotes from many companies using your own driver information and specific vehicle type.
The type of vehicle you are insuring is one of the largest factors when consumers are trying to find the most affordable car insurance for real estate agents. Vehicles with lots of horsepower, poor safety ratings, or high incidents of liability claims will cost substantially more to insure than more modest models. The data below outlines insurance prices for some of the most budget-friendly automobiles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $1,427 |
| Hyundai Elantra SE Touring Station Wagon | $1,551 |
| Dodge Grand Caravan CV | $1,597 |
| Ford Escape XLS 4WD | $1,613 |
| Ford F-150 STX Super Cab 4WD | $1,629 |
| Toyota Tacoma 2WD | $1,656 |
| Chevrolet Equinox LT AWD | $1,688 |
| Honda Accord EX-L 4-Dr Sedan | $1,699 |
| Ford Explorer Limited AWD | $1,720 |
| Toyota Prius | $1,737 |
| Ford Edge Limited AWD | $1,780 |
| Toyota Corolla S | $1,788 |
| Jeep Grand Cherokee Limited 2WD | $1,812 |
| Dodge Ram Crew Cab ST 2WD | $1,842 |
| Chevrolet Malibu Hybrid | $1,847 |
| Toyota RAV4 Limited 4WD | $1,852 |
| Chevrolet Silverado LT Extended Cab 4WD | $1,847 |
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Table data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Mexico minimum liability limits. Discounts applied include homeowner, safe-driver, multi-policy, claim-free, and multi-vehicle. Rate quotes do not factor in zip code location which can increase or decrease prices significantly.
Based on these rates, you can presume that makes and models like the Honda CR-V, Hyundai Elantra, and Dodge Grand Caravan are likely to be the most budget-friendly vehicles to insure for realtors.
The example below highlights how deductible selection can affect yearly insurance costs when searching for cheap insurance for real estate agents. The costs are based on a single male driver, full physical damage coverage, and no discounts are applied to the premium.
A 50-year-old driver could cut expenses by $358 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $540 by selecting a $1,000 deductible. Young drivers, like the 20-year-old category, can cut up to $1,194 or even more just by choosing higher deductibles when buying full coverage.
When insureds make the decision to increase the deductibles on their policy, it is important to have enough funds in savings to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Insurance rates are higher with tickets and accidents
In a perfect world, the best way to get good insurance rates in New Mexico for realtors is to be a safe driver and avoid tickets and accidents. The chart below illustrates how traffic citations and at-fault fender-benders can impact insurance rates for each different age category. The premiums are based on a married male driver, full physical damage coverage, $250 deductibles, and no discounts are applied.
The chart shows that the average cost of an auto insurance policy in Albuquerque per year with no accidents and a clean driving record is $1,926. Add in two speeding tickets and the average cost hikes up to $2,664, an increase of $737 each year. Now include two accidents along with the two speeding tickets and the 12-month cost of insurance for real estate agents jumps again to an average of $5,403. That’s an increase of $3,477, or $290 per month, just for not driving safely!
The insurance agencies listed below can most likely help you make a decision which insurance coverage you need, since some people have coverage questions and would like to have a professional recommendation when shopping for the best coverage for realtors. It can be complicated to find coverage yourself, so professional agents can give you satisfaction knowing your policy gives you enough coverage when you need it.
To find an agent near you, click the button following the list or click here to get price quotes now.
- Ray Pratt – State Farm Insurance Agent
9998 Montgomery Blvd NE a – Albuquerque, NM 87111 – (505) 298-7579 - Bob Strilich – State Farm Insurance Agent
6751 Academy Rd NE a – Albuquerque, NM 87109 – (505) 823-9333 - Paul Gallegos State Farm Insurance
5500 San Mateo Blvd NE #105 – Albuquerque, NM 87109 – (505) 883-2583
More Albuquerque, NM insurance agents
How to find cheaper car insurance for real estate agents
Lowering your rates is not difficult, and here are some of the recommended thrifty solutions that can help New Mexico drivers locate low-cost car insurance.
- Drive safe vehicles
- Improve your credit
- Don’t have frequent claims
- Avoid getting citations and tickets
- Drive attentively and avoid accidents
- Compare quotes from other companies often
That last tip is very crucial, as we pointed out in the prior information. Rates in Albuquerque can be adjusted at any time, so don’t be afraid to buy from a new company if a lower-cost policy is available.
Loyalty to a specific company is fine, but it’s not recommended if that inflexibility results in costing you several hundred dollars every year. Take a couple minutes and compare rates and find cheaper car insurance for real estate agents.