Truthfully, the best way to get discount auto insurance rates in Albuquerque is to compare quotes once a year from insurers that sell auto insurance in New Mexico. Rate comparisons can be done by following these steps.
- First, try to learn about auto insurance and the steps you can take to keep rates down. Many risk factors that cause high rates such as speeding and an unacceptable credit rating can be amended by making small lifestyle or driving habit changes.
- Second, compare rates from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can give quotes from a single company like Progressive or Allstate, while independent agencies can provide price quotes from multiple companies.
- Third, compare the quotes to your existing rates to see if switching to a new carrier will save money. If you find a lower rate quote and decide to switch, ensure coverage does not lapse between policies.
- Fourth, provide adequate notice to your current company to cancel your current auto insurance policy and submit the completed application along with a down payment to your new carrier. Be sure to place your new certificate verifying coverage with your vehicle’s registration.
One important bit of advice is that you’ll want to make sure you compare the same physical damage deductibles and liability limits on each price quote and and to get rates from as many companies as possible. Doing this guarantees an accurate price comparison and a good representation of prices.
It’s hard to fathom, but a large majority of consumers kept their policy with the same company for more than four years, and 38% of drivers have never even compared quotes to find cheap rates. With the average auto insurance premium being $1,847, American drivers could save an average of approximately $860 each year, but they just don’t understand how much money they would save if they just switched companies.
Locating the best rates in Albuquerque is really quite simple as long as you have a good starting point. If you have auto insurance now, you will surely be able to get lower rates using the following tips. Shoppers just need to use the best way to compare company rates from many different companies.
How to get affordable Buick Lucerne insurance in Albuquerque
Reducing your insurance rates is a great way to save money. The only thing you need to do is take a few minutes comparing rate quotes from some recommended companies.
The companies shown below have been selected to offer free quotes in New Mexico. To buy cheap car insurance in New Mexico, it’s a good idea that you visit as many as you can to find the most affordable auto insurance rates.
Insurance rate breakdown
The coverage information below showcases different insurance costs for Buick Lucerne models. Learning more about how auto insurance premiums are calculated can be useful when making smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Lucerne CX | $254 | $490 | $434 | $26 | $130 | $1,334 | $111 |
| Lucerne CXL | $254 | $490 | $434 | $26 | $130 | $1,334 | $111 |
| Lucerne CXL Special Edition | $254 | $564 | $434 | $26 | $130 | $1,408 | $117 |
| Lucerne Super | $282 | $564 | $434 | $26 | $130 | $1,436 | $120 |
| Get Your Own Custom Quote Go | |||||||
Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and New Mexico minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, safe-driver, and multi-policy. Premium amounts do not factor in Albuquerque location which can lower or raise insurance rates substantially.
Raise deductibles and save
One of the more difficult decisions when buying insurance is how high should the deductibles for physical damage be. The following tables sum up how much more rates are when you select higher and lower deductibles. The first set of prices uses a $100 deductible for comprehensive and collision coverage and the second price grid uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Lucerne CX | $312 | $590 | $322 | $20 | $96 | $1,365 | $114 |
| Lucerne CXL | $312 | $590 | $322 | $20 | $96 | $1,365 | $114 |
| Lucerne CXL Special Edition | $312 | $680 | $322 | $20 | $96 | $1,455 | $121 |
| Lucerne Super | $348 | $680 | $322 | $20 | $96 | $1,491 | $124 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Lucerne CX | $174 | $310 | $322 | $20 | $96 | $922 | $77 |
| Lucerne CXL | $174 | $310 | $322 | $20 | $96 | $922 | $77 |
| Lucerne CXL Special Edition | $174 | $358 | $322 | $20 | $96 | $970 | $81 |
| Lucerne Super | $194 | $358 | $322 | $20 | $96 | $990 | $83 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married male driver age 30, no speeding tickets, no at-fault accidents, and New Mexico minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Premium costs do not factor in specific zip code location which can influence auto insurance rates significantly.
Based on the above data, using a $100 deductible will cost you approximately $38 more each month or $456 every year averaged for all Lucerne models than choosing the higher $1,000 deductible. Due to the fact that you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you usually have at a minimum 24 months between claim filings, you would probably save some money by selecting a higher deductible.
How to determine when to raise deductibles
| Average monthly premium for $100 deductibles: | $118 |
| Average monthly premium for $1,000 deductibles (subtract): | – $80 |
| Monthly savings from raising deductible: | $38 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $38 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 24 months |
One big caveat is that a higher deductible means you pay more out-of-pocket when you have a comprehensive or collision claim. You must have some savings in the bank in order to pay the deductible.
The diagram below illustrates how your deductible choice and can influence Buick Lucerne premium costs for each age group. The rate quotes are based on a single male driver, full coverage, and no additional discounts are factored in.
Careless Albuquerque drivers pay higher rates
The diagram below illustrates how traffic citations and accidents increase Buick Lucerne insurance rates for each different age category. The rates are based on a married female driver, full coverage, $500 deductibles, and no other discounts are factored in.
Lower rates by qualifying for discounts
Auto insurance is not an enjoyable expense, but companies offer discounts that may help make it more affordable. Some of these discounts will be visible when you purchase, but a few must be manually applied prior to receiving the credit.
- Pay Now and Pay Less – By paying your entire bill at once instead of monthly or quarterly installments you could save 5% or more.
- Defensive Driving Course – Passing a course teaching driver safety skills is a good idea and can lower rates if you qualify.
- Accident Forgiveness – This one isn’t a discount, but some companies like Liberty Mutual, Allstate and State Farm allow you one accident without getting socked with a rate hike if you are claim-free for a specific time period.
- More Vehicles More Savings – Having more than one vehicle with one company qualifies for this discount.
- Multi-policy Discount – If you have multiple policies with the same company you may earn at least 10 to 15 percent or more.
- Online Discount – Certain auto insurance companies will give a small break simply for signing digitally online.
- Employee of Federal Government – Employees or retirees of the government could cut as much as 10% off with select insurance companies.
- Senior Discount – Seniors can get lower premium rates.
Keep in mind that most credits do not apply to the overall cost of the policy. Most cut specific coverage prices like collision or personal injury protection. Even though it appears you can get free auto insurance, you won’t be that lucky.
The illustration below illustrates the comparison of Buick Lucerne insurance rates with and without discounts applied. The information is based on a male driver, no violations or claims, New Mexico state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, safe-driver, marriage, multi-policy, homeowner, and claim-free discounts applied.
If you would like to see a list of insurance companies that provide some of the discounts listed above in Albuquerque, click this link.
Why you need insurance for your Buick Lucerne
Even though Albuquerque Lucerne insurance rates can get expensive, insuring your vehicle may be mandatory for several reasons.
- Just about all states have mandatory liability insurance requirements which means you are required to carry specific limits of liability in order to drive the car legally. 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 vehicle, most banks will have a requirement that you buy full coverage to guarantee payment of the loan. If the policy lapses, the bank may insure your Buick at a significantly higher premium and require you to fork over for the expensive policy.
- Car insurance protects both your car and your assets. It will also cover medical transport and hospital expenses for you, your passengers, and anyone else injured in an accident. One policy coverage, liability insurance, will also pay to defend you if you cause an accident and are sued. If your Buick gets damaged, your policy will pay to repair the damage minus the deductible amount.
The benefits of insuring your car more than cancel out the cost, especially with large liability claims. Today the average American driver is currently overpaying as much as $700 annually so we recommend shopping around at every renewal to help ensure money is not being wasted.
Best auto insurance in Albuquerque
Finding a high-quality insurance provider is hard considering how many companies are available to choose from in New Mexico. The ranking data listed below may help you analyze which auto insurance companies to look at purchasing a policy from.
Top 10 Albuquerque Car Insurance Companies Overall
- USAA
- American Family
- State Farm
- The Hartford
- AAA Insurance
- GEICO
- The General
- Titan Insurance
- Progressive
- Mercury Insurance
Top 10 Albuquerque Car Insurance Companies Ranked by Claims Service
- State Farm
- Esurance
- AAA Insurance
- Progressive
- Liberty Mutual
- GEICO
- Allstate
- Titan Insurance
- The Hartford
- Mercury Insurance
When to contact an insurance agent
Some consumers just prefer to have an agent’s advice and often times that is recommended Professional agents will help you protect your assets and will help you if you have claims. One of the best bonuses of comparing insurance prices online is that you can find cheap auto insurance quotes and still have an agent to talk to.
Once you complete this quick form, the quote information is emailed to agents in your area who will give you quotes for your insurance coverage. You never need to drive around since price quotes are sent to you. If you have a need to compare prices from a specific insurance company, you can always find their quoting web page and fill out their quote form.
Choosing the best insurer is decision based upon more than just a cheap price. The answers to these questions are important, too.
- Which companies do they recommend if they are an independent agency?
- Do they regularly work with personal auto policies in Albuquerque?
- Is working in the agency their full-time job?
- How many years have they been established?
- Is their price quote a firm figure or are their hidden costs?
- What company do they have the most business with?
- Do they feel the quoted coverages are adequate?
If you are wanting to purchase auto insurance from a reliable insurance agency, it can be helpful to understand the types of insurance agents and how they are slightly different. Agencies in Albuquerque can be described as either independent agents or exclusive agents depending on their employer. Both can insure your vehicles, but it’s a good idea to understand the difference in how they write coverage because it can impact your agent selection.
Exclusive Agencies
Agents in the exclusive channel are contracted to one company like AAA, Allstate, State Farm, or Farmers Insurance. They usually cannot provide prices from multiple companies so keep that in mind. Exclusive agents are usually quite knowledgeable on what they offer which helps them compete with independent agents. Drivers often buy from the same agent for years primarily because of the brand rather than low price.
The following are exclusive insurance agencies in Albuquerque who can help you get rate quotes.
- Richard Moore – State Farm Insurance Agent
5353 Wyoming Blvd NE b – Albuquerque, NM 87109 – (505) 821-6000 – View Map - Chavez Geissler Agency – Farmers Insurance
3517 Wyoming Blvd NE – Albuquerque, NM 87111 – (505) 271-2222 – View Map - Steve Kunkle – State Farm Insurance Agent
1336 Wyoming Blvd NE – Albuquerque, NM 87112 – (505) 292-5940 – View Map
Independent Insurance Agents
Independent agencies are not restricted to one company and that gives them the ability to insure through lots of different companies and find you the best rates. To transfer your coverage to a different company, the business is moved internally which makes it simple for you. If you need cheaper auto insurance rates, you need to get some free quotes from independent agents in order to have the best price comparison. Many independent agencies also insure through lesser-known insurance companies which can save you money.
Below are independent agents in Albuquerque that are able to give price quotes.
- J B Martin Commercial, Homeowners, Auto, Health and Life Insurance Agency
2800 San Mateo Blvd NE – Albuquerque, NM 87110 – (505) 299-7444 – View Map - Sunset Insurance Corporation
1905 San Mateo Blvd NE – Albuquerque, NM 87110 – (505) 247-2578 – View Map - Berger Briggs Real Estate and Insurance Inc
4333 Pan American Fwy – Albuquerque, NM 87107 – (505) 247-0444 – View Map
Upon getting positive responses to all your questions as well as a price you’re happy with, chances are good that you have found an insurance agency that meets the requirements to provide auto insurance coverage.