Buying competitive car insurance for a Honda Civic in New Mexico is pretty straightforward, but it is dependent upon many different factors such as your financial responsibility, your residence address, and your choice of physical damage deductibles. Drivers in New Mexico will pay on average $1,061 each year to insure their Civic, but that is a valuation calculated based on a 40-year-old single female driver with full physical damage coverage and $1,000 deductibles.
The problem with using this number is the good chance you’re not a 40-year-old female, you might be married instead of single, and you want different coverage limits than the example. Just a very minor change in rating variables can make a large difference in the price of a policy.
Not everyone needs the same coverages, so the best method for finding the cheapest insurance price for your Honda is to put in the effort to do a thorough rate comparison. It’s really quite easy you will receive rate quotes from some of the best companies available.
The trim level of your vehicle impacts the cost of coverage, so the price you will pay to insure a Civic DX 4-Dr Sedan trim level will be $340 less expensive the price to insure the fancier Civic SI 2-Dr Coupe model, as shown below.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Civic DX 4-Dr Sedan | $128 | $298 | $418 | $24 | $126 | $994 | $83 |
| Civic VP 4-Dr Sedan | $128 | $352 | $418 | $24 | $126 | $1,048 | $87 |
| Civic LX 4-Dr Sedan | $128 | $352 | $418 | $24 | $126 | $1,048 | $87 |
| Civic DX 2-Dr Coupe | $128 | $352 | $524 | $30 | $156 | $1,190 | $99 |
| Civic EX 4-Dr Sedan | $128 | $352 | $418 | $24 | $126 | $1,048 | $87 |
| Civic LX-S 4-Dr Sedan | $128 | $352 | $418 | $24 | $126 | $1,048 | $87 |
| Civic LX 2-Dr Coupe | $128 | $404 | $524 | $30 | $156 | $1,242 | $104 |
| Civic EX-L 4-Dr Sedan | $148 | $404 | $418 | $24 | $126 | $1,120 | $93 |
| Civic SI 4-Dr Sedan | $148 | $404 | $418 | $24 | $126 | $1,120 | $93 |
| Civic EX 2-Dr Coupe | $148 | $404 | $524 | $30 | $156 | $1,262 | $105 |
| Civic GX 4-Dr Sedan | $148 | $404 | $418 | $24 | $126 | $1,120 | $93 |
| Civic EX-L 2-Dr Coupe | $148 | $404 | $524 | $30 | $156 | $1,262 | $105 |
| Civic Hybrid 4-Dr Sedan | $166 | $352 | $418 | $24 | $126 | $1,086 | $91 |
| Civic SI 2-Dr Coupe | $166 | $458 | $524 | $30 | $156 | $1,334 | $111 |
| Get Your Own Custom Quote Go | |||||||
Prices based on single female driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and New Mexico minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Information does not factor in the specific area where the vehicle is garaged which can affect insurance rates greatly.
Selecting the highest-rated company can be rather challenging considering how many companies there are to choose from in Albuquerque. The ranking information shown below could help you decide which car insurance companies you want to consider putting your business with. The rankings below only include companies who write in the majority of U.S. states, so companies without a large exposure are not factored into these rankings.
| 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 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Full coverage rates compared to liability only
Saving on insurance should be important to the majority of vehicle owners, and a great way to reduce the cost of insurance for a Honda Civic is to only buy liability coverage. The information below shows the comparison of auto insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on no claims, a clean driving record, $1,000 deductibles, drivers are single, and no policy discounts are applied.
As an average, physical damage insurance costs $1,776 per year more than just insuring for liability. That amount may make you wonder if physical damage coverage is worth the money. There is no exact rule to drop physical damage insurance, but there is a general guideline. If the annual cost of coverage is more than about 10% of the settlement you would receive from your company, then you might consider buying liability only.
Types of discounts on Albuquerque auto insurance
Insurance companies that offer quotes for a Honda Civic may provide rate discounts that could potentially reduce rates by 30% or more if you meet specific criteria. The best insurance companies and some of the premium reductions they offer can be read below.
- GEICO may include discounts for membership and employees, defensive driver, five-year accident-free, seat belt use, daytime running lights, military active duty, and multi-policy.
- Mercury Insurance offers discounts for accident-free, multi-car, annual mileage, low natural disaster claims, and ease of repair.
- Farmers Insurance has discounts for business and professional, pay in full, youthful driver, mature driver, distant student, and homeowner.
- Auto-Owners Insurance may have discounts that include mature driver, safe vehicle, air bags, multi-policy, group or association, good student, and paid in full.
- Liberty Mutual offers premium reductions for multi-car, good student, preferred payment discount, safety features, new move discount, newly retired, and multi-policy.
- SAFECO discounts include accident prevention training, homeowner, anti-theft, drive less, safe driver, and multi-car.
- Progressive offers discounts including multi-policy, multi-vehicle, online signing, continuous coverage, and good student.
- USAA has savings for safe driver, multi-policy, annual mileage, loyalty savings, multi-vehicle, and vehicle storage.
The information below shows the difference between auto insurance costs with and without discounts applied. The premium estimates are based on a female driver, no violations or accidents, New Mexico state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with marriage, claim-free, anti-theft, homeowner, accident-free, and multiple policy discounts applied. In this example, the average savings per year on insurance for a Honda Civic is 28% or $535.
How to find economical insurance for a Honda Civic
It is possible to find better rates, and here are some of the better thrifty suggestions that can help drivers locate cheaper car insurance.
- Bundle home or renters insurance to earn a discount on car insurance
- Good credit can save money
- Avoid accidents and claims
- Save money by staying claim-free
- Avoid speeding and other traffic citations and pay less
- Increase deductibles to save money
- Comparison shop at least once a year
The final tip is remarkably important, as we discussed in this article. Car insurance rates vary greatly, so don’t be unwilling to buy a policy from a new company if a better rate can be found. Having a favorite company is fine, but it isn’t a good idea if it’s costing you a considerable chunk of change every month. If you have a few minutes, compare prices to find cheaper car insurance for a Honda Civic in Albuquerque.