The vehicle driven is one of the largest considerations when looking for low-priced insurance for 19 year olds. Vehicles with high performance features, poor crash test ratings, or a high likelihood of having liability claims will cost quite a bit more to insure than more modest models.
The information below showcases coverage costs for a number of the more affordable automobiles to insure.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $4,612 |
| Honda CR-V LX 4WD | $4,620 |
| Toyota Prius | $5,055 |
| Ford Explorer Eddie Bauer 2WD | $5,151 |
| Toyota Tacoma 2WD | $5,415 |
| Ford Focus S 4-Dr Sedan | $5,420 |
| Ford Edge SEL 2WD | $5,415 |
| Jeep Grand Cherokee Laredo 2WD | $5,473 |
| Chevrolet Impala LT | $5,481 |
| Nissan Altima 2.5 4-Dr Sedan | $5,473 |
| Chevrolet Equinox LS AWD | $5,478 |
| Toyota RAV4 2WD | $5,473 |
| Toyota Camry LE | $5,478 |
| Dodge Grand Caravan Crew | $5,535 |
| Ford F-150 Lariat Crew Cab 4WD | $5,544 |
| Chevrolet Malibu LT | $5,535 |
| Hyundai Elantra SE 4-Dr Sedan | $5,793 |
| Toyota Corolla S | $5,802 |
| Volkswagen Jetta SEL 4-Dr Sedan | $5,855 |
| Ford Fusion Sport 4-Dr Sedan | $5,864 |
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Data rating is based on single male driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Mexico minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in specific garaging location which can change prices considerably.
Looking at the rates, we can presume that cars like the Ford Escape, Honda CR-V, Toyota Prius, and Ford Explorer are likely to be a few of the most affordable vehicles to insure for teenage drivers. The cost of auto insurance will trend higher because there is more risk for 19 year olds, but in general those models will have the best insurance prices compared to other vehicles.
One of the more important considerations that are used to help calculate the amount you pay for auto insurance is your zip code in Albuquerque. More populated areas likely pay more, whereas areas with lower vehicle theft rates and fewer weather claims benefit from lower rates.
The information below sorts the highest-priced areas in New Mexico for 19 year olds to buy car insurance in. Albuquerque is ranked at #1 with the annual price of $1,431 for coverage, which is approximately $119 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Albuquerque | $1,431 |
| 2 | Santa Fe | $1,342 |
| 3 | South Valley | $1,336 |
| 4 | North Valley | $1,329 |
| 5 | Artesia | $1,317 |
| 6 | Los Lunas | $1,302 |
| 7 | Los Alamos | $1,295 |
| 8 | Rio Rancho | $1,256 |
| 9 | Hobbs | $1,246 |
| 10 | Gallup | $1,224 |
| 11 | Espanola | $1,223 |
| 12 | Lovington | $1,195 |
| 13 | Roswell | $1,186 |
| 14 | Carlsbad | $1,177 |
| 15 | Portales | $1,151 |
| 16 | Las Vegas | $1,149 |
| 17 | Farmington | $1,148 |
| 18 | Clovis | $1,145 |
| 19 | Deming | $1,109 |
| 20 | Anthony | $1,109 |
| 21 | Las Cruces | $1,109 |
| 22 | Sunland Park | $1,098 |
| 23 | Silver City | $1,085 |
| 24 | Chaparral | $1,081 |
| 25 | Alamogordo | $1,073 |
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Annual rates are approximated as specific Albuquerque zip code can affect coverage rates greatly.
Albuquerque auto insurance companies ranked
Choosing a good quality company can be a challenge considering how many companies there are to choose from in New Mexico. The company rank data in the next section may help you analyze which providers to look at when trying to find cheaper insurance for 19 year olds. These ratings are only made up of large insurance companies, so companies that focus mainly on New Mexico business will not be included in this list.
| 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 |
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Data Source: Insure.com Best Car Insurance Companies
The chart below illustrates how your deductible choice can influence insurance premiums when researching cheap insurance for 19 year olds. The price estimates are based on a single male driver, full coverage, and no other discounts are factored in.
The chart above illustrates that a 40-year-old driver could cut expenses by $264 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $400 by using a $1,000 deductible. Young drivers, like the 20-year-old, could drop their prices up to $868 every year just by using higher deductibles.
If you do decide to increase your deductibles, it will be necessary to have enough in a savings account to be able to cover the extra out-of-pocket expense associated with higher deductibles.
You are probably paying too much for car insurance
New Mexico auto insurance rates are determined by lots of factors that will increase or decrease the price you have to pay. Turning one year older, buying a new vehicle, or getting a couple of tickets can cause premium changes that may make certain companies cheaper in comparison to the competition. Not only may things change on your end, but insurance companies change their prices as needed to ensure their profitability. Significantly higher claims can result in rate increases, while a lower level of claims can cause cheaper Albuquerque car insurance rates.
To illustrate this point, the data below shows the cheapest car insurance in Albuquerque, NM for a 35-year-old male driver with no prior accidents, a clean driving record, and great credit. When comparing rates based on his personal risk profile, USAA may have the cheapest car insurance rates in Albuquerque at $885 each year. This is $683 less than the average premium paid by New Mexico drivers of $1,568. Allied, Safeco, Farm Bureau Mutual, and Farmers are the remainder of the cheapest Albuquerque, NM auto insurance companies.
The example below compares rates after we give the driver from the above example a claim or two, a lower credit score, and a few traffic violations. Since every car insurance company uses their own method for determining rates in each state, comparing insurance quotes could result in a completely different list of the cheapest Albuquerque car insurance companies as shown below.
USAA now has the best price in Albuquerque with The Hartford, Allied, Central Mutual, and Safeco now being in the top five. This example illustrates why Albuquerque drivers need to compare rates when trying to get the best car insurance rates for 19 year olds. Rates are determined by many risk factors and change frequently, so the most economical option two years ago may now be an over-priced policy.