I’m sure you’ve seen the catchy advertisements from companies like GEICO and Farmers that say if you switch you’ll get the cheapest price. So you should just pick the one with the catchiest commercial, right?
It’s not that easy, however, as there are a whole slew of unknown aspects such as if you have a coverage lapse, if you need full coverage or just liability, your annual mileage driven, and what liability limits you need, that all influence how much you pay for auto insurance. We will try to teach you about the different ways to avoid overpaying and will hopefully give you a good start to your coverage search.
Finding reliable, cost effective insurance is confusing at best, and deciding which companies quote the cheapest car insurance rates for welfare recipients will take a bit more work. Every auto insurer has a unique formula for determining prices, so let’s rank the most competitive car insurance companies in Albuquerque.
It’s a good idea to be aware that New Mexico car insurance rates are impacted by many things that will increase or decrease the cost of coverage. This is why Albuquerque drivers need to compare lots of rates when trying to get the best car insurance quotes for welfare recipients. Insurance prices are calculated by many different factors and change frequently, so the lowest-price company the last time you checked may now be quite expensive.
Cheap Insurance Rates in New Mexico
USAA has some of the cheapest car insurance rates in Albuquerque at around $663 annually. This is $905 less than the average price paid by New Mexico drivers of $1,568. Allied, Safeco, Farm Bureau Mutual, and State Farm are also some of the more affordable Albuquerque, NM auto insurance companies.
As illustrated above, if you are insured with Farm Bureau Mutual and switched to Allied, you may see a yearly price reduction of in the vicinity of $218. Drivers with State Farm might save as much as $362 a year, and Farmers policyholders might reduce prices by as much as $367 a year.
Understand that those prices are averaged for all insureds and vehicles and do not take into consideration a specific vehicle garaging location for welfare recipients. So the insurer that has the cheapest price for you may not even be in the list above. That points out the importance of why you need to compare prices as often as possible using your own specific driver information and vehicle.
The vehicle model driven is a large factor when trying to find the lowest-priced insurance for welfare recipients. Vehicles with lower acceleration and performance, good safety features, or a low likelihood of having liability claims will cost quite a bit less to insure than adrenaline junky models. The next table shows insurance premiums for a handful of the most cost-effective automobiles to insure.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 4WD | $1,552 |
| Honda Accord LX 4-Dr Sedan | $1,663 |
| Toyota Prius | $1,682 |
| Honda CR-V LX 2WD | $1,710 |
| Honda Odyssey EX | $1,763 |
| Toyota RAV4 Sport 4WD | $1,796 |
| Chevrolet Equinox LS AWD | $1,803 |
| Chevrolet Malibu LT | $1,829 |
| Toyota Tacoma 4WD | $1,863 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,893 |
| Toyota Corolla S | $1,898 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,927 |
| Jeep Grand Cherokee Limited 4WD | $1,935 |
| GMC Sierra 3500HD SLT Extended Cab 2WD | $1,963 |
| Ford F-350 XLT Crew Cab Harley Edition 2WD | $1,996 |
| Ford Explorer Limited AWD | $2,004 |
| Dodge Grand Caravan Hero | $2,024 |
| Start a Quote Go | |
Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Mexico minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Premium costs do not factor in garaging location in Albuquerque, NM which can decrease or increase rates noticeably.
Based upon these rates, we can tell that vehicles like the Ford Escape, Honda Accord, and Toyota Prius will be a few of the cheaper vehicles to insure for drivers on welfare.
How to get discounts on Albuquerque car insurance
Insurance providers that offer coverage for welfare recipients may additionally offer rate discounts that may potentially lower prices by 25% or more if you are eligible. A list of car insurance companies and a partial list of their discounts include:
- GEICO may include discounts for military active duty, emergency military deployment, defensive driver, five-year accident-free, air bags, and seat belt use.
- MetLife may have discounts that include defensive driver, accident-free, multi-policy, claim-free, good driver, good student
- Progressive offers discounts for online quote discount, continuous coverage, multi-vehicle, online signing, good student, and multi-policy.
- Travelers may offer discounts for save driver, good student, early quote, IntelliDrive, student away at school, new car, and home ownership.
- SAFECO offers premium reductions for accident prevention training, teen safe driver, homeowner, anti-theft, bundle discounts, anti-lock brakes, and multi-car.
- AAA policyholders can earn discounts including anti-theft, good student, good driver, multi-policy, and AAA membership discount.
The information below illustrates the comparison of premium costs with and without discounts being applied to the rates. The information is based on a female driver, no driving violations, no at-fault accidents, New Mexico state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with safe-driver, multiple vehicle, homeowner, marriage, multiple policy, and defensive driving course discounts applied. When taking advantage of discounts, the average amount saved each year on car insurance for welfare recipients is 28% or $437.
What is the best car insurance company in New Mexico?
Insuring your vehicle with the right company is hard considering how many choices there are in New Mexico. The rank data in the next section may help you choose which car insurance companies you want to consider shopping your coverage with.
The rankings below are only comprised of companies that insure vehicles across America, so companies without a large exposure will not be included in these rankings. If you would like to check rates from the insurers below and more, simply click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 98 | 100 | 100 | 94% | A++ | 98.6 |
| American Family | 98 | 89 | 100 | 86% | A | 95.4 |
| State Farm | 88 | 93 | 96 | 90% | A++ | 92.4 |
| The Hartford | 94 | 92 | 90 | 89% | A+ | 91.7 |
| AAA Insurance | 88 | 89 | 95 | 91% | A | 91.2 |
| GEICO | 84 | 93 | 93 | 89% | A++ | 90.3 |
| The General | 89 | 91 | 89 | 88% | A- | 90 |
| Titan Insurance | 90 | 87 | 91 | 95% | A+ | 89.6 |
| Progressive | 84 | 91 | 93 | 87% | A+ | 89.5 |
| Allstate | 85 | 90 | 92 | 88% | A+ | 89.3 |
| Nationwide | 87 | 88 | 84 | 90% | A+ | 88.7 |
| Liberty Mutual | 84 | 87 | 93 | 88% | A | 88.5 |
| 21st Century | 85 | 86 | 87 | 88% | A | 86.7 |
| Esurance | 85 | 80 | 95 | 87% | A+ | 85.9 |
| Safeco | 85 | 85 | 85 | 86% | A | 85.8 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Tickets and at-fault accidents raise rates
One of the best ways to maintain the best car insurance premiums for drivers on welfare is to drive carefully and not get tickets or have accidents. The information below illustrates how violations and accidents increase insurance costs for different age groups. The costs are based on a married female driver, comprehensive and collision coverage, $100 deductibles, and no discounts are taken into consideration.
In the prior example, the average cost of a car insurance policy per year with no accidents or violations is $1,428. Get written up for one speeding ticket and the average cost hikes up to $1,659, an increase of $231 each year. Then include two accidents along with the one speeding ticket and the yearly cost of car insurance for welfare recipients jumps again to an average of $3,614. That’s an increase of $2,187, or $182 per month, just for being a little careless behind the wheel!
How to find the cheapest insurance for welfare recipients
Here are some penny-pinching ideas that can help drivers get more affordable auto insurance.
- Serious violations like DUI or reckless driving can increase rates dramatically
- Drive attentively and avoid accidents
- Higher credit scores can equal lower rates
- Try to not file small claims
- Buy safe vehicles
- Shop around once a year for cheaper rates
The last tip in the list is incredibly valuable, as we noted in the prior information. Coverage prices in Albuquerque can be modified anytime, so don’t be unwilling to switch carriers if a better deal can be had.
Sticking with a specific company is fine, but it’s not a good idea if your bullheadedness ends up costing you thousands of dollars over the life of your policy. In less than five minutes you could compare rates and find cheaper auto insurance for welfare recipients.
The insurance agencies listed below can aid you in deciding which insurance coverage will be best for you, since many consumers aren’t sure which coverage to buy and prefer to get some help when trying to find lower insurance rates for drivers on welfare. It can be complicated to find the best policy on your own, and getting advice from a licensed New Mexico insurance agent can bring comfort knowing your policy gives you adequate coverage if you have an accident or claim. To locate an Albuquerque auto insurance agent in your neighborhood, click the link at the bottom or click here to compare price quotes.
Art Sandoval – State Farm Insurance Agent
5555 Montgomery Blvd NE #19 – Albuquerque, NM 87109 – (505) 338-0300
Erin Carnett – State Farm Insurance Agent
10200 Golf Course Rd NW a – Albuquerque, NM 87114 – (505) 898-4273
Tim Gallegos – State Farm Insurance Agent
1100 Coors Blvd SW, Ste B2 – Albuquerque, NM 87121 – (505) 200-2319
Berger Briggs Real Estate and Insurance Inc
4333 Pan American Fwy – Albuquerque, NM 87107 – (505) 247-0444
Edward Dunn – State Farm Insurance Agent
3750 Juan Tabo Blvd NE Ste E – Albuquerque, NM 87111 – (505) 332-8050