Buying budget car insurance is hard enough, and determining which insurers offer the best auto insurance rates for teenage females takes even more work. Each insurer uses a different method to set their prices, so let’s take a look at the auto insurance companies with the overall cheapest rates in Albuquerque.
Best Auto Insurance Prices for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $663 |
| 2 | Allied | $920 |
| 3 | Safeco | $1,014 |
| 4 | Farm Bureau Mutual | $1,214 |
| 5 | Farmers | $1,302 |
| 6 | Central Mutual | $1,314 |
| 7 | State Farm | $1,349 |
| 8 | The Hartford | $1,366 |
| 9 | Progressive | $1,550 |
| 10 | Travelers | $1,584 |
| 11 | California Casualty | $1,623 |
| 12 | GEICO | $1,640 |
| 13 | MetLife | $1,642 |
| 14 | Encompass | $1,694 |
| 15 | Allstate | $2,337 |
| 16 | Liberty Mutual | $2,554 |
| 17 | Sentry | $3,176 |
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USAA quotes some of the most affordable car insurance rates in Albuquerque at around $663 per year. Allied, Safeco, Farm Bureau Mutual, and Farmers would also make the list of some of the cheaper Albuquerque, NM insurance companies.
As shown in the rates above, if you have coverage with Farm Bureau Mutual and switched to USAA, you may see a yearly savings of about $551. Policyholders with Farmers might save as much as $639 a year, and Central Mutual insureds might see rate reductions of $651 a year.
Be aware that those premiums are averages across all insureds and vehicles and do not factor in an exact vehicle garaging location for teenage females. So the company that has the cheapest price for you may not even be in the list above. That illustrates why you need to compare prices as often as possible using your own specific driver and vehicle information.
The type of vehicle on the policy is a large factor when looking for the most affordable insurance for teenage females. Vehicles with high performance features, a lack of advanced safety features, or high incidents of liability claims will cost much more to insure than more modest models.
The information below outlines auto insurance premiums for some of the cheapest automobiles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $5,487 |
| Ford Escape Limited 2WD | $5,537 |
| Hyundai Elantra SE Touring Station Wagon | $5,873 |
| Toyota Prius | $5,921 |
| Ford F-150 XL Super Cab 2WD | $6,127 |
| Ford Edge SE AWD | $6,463 |
| Chevrolet Equinox LT AWD | $6,514 |
| Jeep Grand Cherokee Laredo 2WD | $6,522 |
| Toyota RAV4 Limited 2WD | $6,514 |
| Chevrolet Malibu Hybrid | $6,520 |
| Toyota Tacoma Double Cab 4WD | $6,562 |
| Ford Explorer Eddie Bauer AWD | $6,569 |
| Dodge Grand Caravan Crew | $6,562 |
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Data variables include single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and New Mexico minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in specific zip code location which can change insurance rates significantly.
Based on these rates, you can assume that makes and models like the Honda CR-V, Ford Escape, Hyundai Elantra, and Toyota Prius should be some of the cheaper vehicles to insure for teen girls. Prices will tend to be more expensive just due to the fact that there is more risk for teenage females, but in general those models will have the cheapest rates available.
For teen girls, one of the more important components that are looked at to help calculate the amount you pay each year for auto insurance is where your residence is in Albuquerque. Cities with larger populations tend to have higher auto insurance costs, whereas areas with less people or fewer weather incidents profit from lower rates.
The following table shows the highest-priced places in New Mexico for teenage females to buy auto insurance in. Albuquerque comes in at #1 with an annual cost of $1,417 for coverage, which is approximately $118 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Albuquerque | $1,417 |
| 2 | South Valley | $1,349 |
| 3 | Santa Fe | $1,302 |
| 4 | Rio Rancho | $1,294 |
| 5 | Artesia | $1,291 |
| 6 | North Valley | $1,290 |
| 7 | Los Alamos | $1,269 |
| 8 | Los Lunas | $1,263 |
| 9 | Espanola | $1,260 |
| 10 | Hobbs | $1,258 |
| 11 | Carlsbad | $1,213 |
| 12 | Portales | $1,186 |
| 13 | Gallup | $1,176 |
| 14 | Roswell | $1,174 |
| 15 | Farmington | $1,172 |
| 16 | Lovington | $1,171 |
| 17 | Clovis | $1,169 |
| 18 | Las Vegas | $1,149 |
| 19 | Las Cruces | $1,131 |
| 20 | Deming | $1,109 |
| Compare Prices Now Go | ||
Price information shown is approximated as the specific garaging location can increase or decrease premium rates substantially.
Rate increases following a ticket or accident
The easiest method to snag low auto insurance premiums in Albuquerque for teen girls is to pay attention while driving and avoid accidents and traffic citations. The illustration below shows how traffic citations and fender-benders impact insurance premiums for different categories of driver ages. The rate quotes are based on a married female driver, full coverage, $1,000 deductibles, and no discounts are factored in.
The chart shows that the average cost of a car insurance policy in Albuquerque per year with no accidents and a clean driving record is $1,127. Add in two speeding tickets and the average cost rises to $1,594, an increase of $467 each year. Then add one accident along with the two speeding tickets and the annual cost of auto insurance for teenage females goes up to an average of $2,068. That’s an increase of $941, or $78 per month, just for not paying attention while driving!
What is the best auto insurance company in Albuquerque?
Finding the right company is difficult considering how many companies sell insurance in New Mexico. The company ratings below can help you decide which companies you want to consider shopping your coverage with.
These rankings only include the largest companies in America, so companies that only write business in New Mexico or surrounding areas are not taken into consideration for the list. If you wish to compare rates from many more New Mexico auto insurance companies, click here.
Top 10 Major Auto Insurers in Albuquerque Ranked by Customer Service
- GEICO
- State Farm
- The Hartford
- The General
- Progressive
- Allstate
- AAA Insurance
- American Family
- Nationwide
- Liberty Mutual
Top 10 Major Auto Insurers Overall in Albuquerque
- USAA
- American Family
- State Farm
- The Hartford
- AAA Insurance
- GEICO
- The General
- Titan Insurance
- Progressive
- Allstate
The agents below can probably help you determine which insurance coverage you need, since some drivers have questions and prefer to have some advice when shopping for the best coverage for teenage females. It can be complicated to find the cheapest auto insurance company, and insurance agents licensed in the state of New Mexico can give satisfaction knowing your coverage gives you suitable coverage if you have an accident. To locate an Albuquerque car insurance agency close to you, click the button following the list.
- Cynthia Bahling – State Farm Insurance Agent
12700 San Rafael Ave NE #2 – Albuquerque, NM 87122 – (505) 292-3934 - Free Market Insurance Agency
6211 San Mateo Blvd NE #120 – Albuquerque, NM 87109 – (505) 881-2645 - Paul Whitson – State Farm Insurance Agent
8300 Carmel Ave NE #502 – Albuquerque, NM 87122 – (505) 888-1991
View more Albuquerque, NM insurance agents
Tips for finding more affordable auto insurance for teenage females
The list below details some penny-pinching ideas that can help Albuquerque drivers find low-cost car insurance.
- You will pay more if you get tickets or have at-fault accidents
- Pay lower rates with good credit
- Drive a car with a high safety rating
- Do not get into accidents
- Pay for smaller claims out-of-pocket
- Compare rates and switch if you can find a better deal
That final tip is extremely significant, as was noted in the article above. Prices charged by auto insurers vary considerably, so drivers shouldn’t hesitate to change to a new company if a more affordable rate is found.
Having brand loyalty is commendable, but it isn’t a good idea if it’s costing you a lot of money. In less than five minutes you could shop around and find cheaper insurance for teenage females in Albuquerque.