Amazingly, most auto insurance customers kept their coverage with the same auto insurance company for well over three years, and approximately 40% of consumers have never even shopped around for cheaper coverage. New Mexico drivers can save roughly $474 each year, but they just don’t understand the large savings they would see if they replace their high priced policy.
The best way to find more affordable auto insurance rates in Albuquerque is to compare prices regularly from companies who sell auto insurance in New Mexico.
- Learn about the coverage provided by your policy and the changes you can make to prevent expensive coverage. Many risk factors that are responsible for high rates such as at-fault accidents, careless driving, and poor credit history can be remedied by paying attention to minor details.
- Compare rates from direct, independent, and exclusive agents. Direct and exclusive agents can provide rates from one company like Progressive or Farmers Insurance, while independent agents can give you price quotes for a wide range of companies.
- Compare the quotes to your existing rates to see if cheaper CR-V coverage is available in Albuquerque. If you find a lower rate and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.
One thing to point out is to try to use identical limits and deductibles on every quote request and and to get quotes from as many auto insurance providers as possible. Doing this ensures a fair price comparison and plenty of rates choose from.
Obtaining price quotes for the lowest-priced auto insurance coverage in Albuquerque is quite easy. Basically, every vehicle owner who buys auto insurance will more than likely find a lower-cost company. Although New Mexico consumers must know how the larger insurance companies set your policy premium because rates are impacted by many factors.
Most companies provide coverage price quotes from their websites. Comparing Honda CR-V insurance rates online is quite simple as all you need to do is type in your personal and coverage information as requested by the quote form. Upon sending the form, the company’s rating system collects your credit score and driving record and returns a price based on these and other factors.
Being able to quote online for Honda CR-V insurance in Albuquerque streamlines rate comparisons, and it is important to get many rate quotes if you are searching for the most affordable possible premiums on auto insurance.
To save time and find out how much you can save on auto insurance, compare quotes from the companies shown below. If you have coverage now, it’s recommended that you enter coverages and limits exactly as they are listed on your policy. Using the same limits helps guarantee you will have comparison quotes based on identical coverages.
The companies shown below offer price comparisons in New Mexico. To get the best cheap auto insurance in New Mexico, we recommend you click on several of them to get the cheapest price.
Insurance rate breakdown
The premium table displayed next highlights a range of rate quotes for Honda CR-V models. Being aware of how rate quotes are calculated can assist in making smart choices when selecting a coverage provider.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CR-V LX 2WD | $234 | $404 | $280 | $16 | $84 | $1,018 | $85 |
| CR-V EX 2WD | $234 | $404 | $280 | $16 | $84 | $1,018 | $85 |
| CR-V LX 4WD | $234 | $404 | $280 | $16 | $84 | $1,018 | $85 |
| CR-V EX 4WD | $268 | $404 | $280 | $16 | $84 | $1,052 | $88 |
| CR-V EX-L 2WD | $268 | $404 | $280 | $16 | $84 | $1,052 | $88 |
| CR-V EX-L 4WD | $268 | $404 | $280 | $16 | $84 | $1,052 | $88 |
| Get Your Own Custom Quote Go | |||||||
Table data represents married female driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and New Mexico minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Rate information does not factor in specific Albuquerque garaging location which can raise or lower auto insurance rates substantially.
How high should deductibles be?
When buying insurance, a common question is how low should you set your deductibles. The data tables below approximate the rate fluctuation when you choose different policy deductibles. The first pricing table uses a $250 physical damage coverage deductible and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CR-V LX 2WD | $216 | $344 | $274 | $16 | $82 | $957 | $80 |
| CR-V EX 2WD | $216 | $344 | $274 | $16 | $82 | $957 | $80 |
| CR-V LX 4WD | $216 | $344 | $274 | $16 | $82 | $957 | $80 |
| CR-V EX 4WD | $248 | $344 | $274 | $16 | $82 | $989 | $82 |
| CR-V EX-L 2WD | $248 | $344 | $274 | $16 | $82 | $989 | $82 |
| CR-V EX-L 4WD | $248 | $344 | $274 | $16 | $82 | $989 | $82 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| CR-V LX 2WD | $134 | $216 | $274 | $16 | $82 | $722 | $60 |
| CR-V EX 2WD | $134 | $216 | $274 | $16 | $82 | $722 | $60 |
| CR-V LX 4WD | $134 | $216 | $274 | $16 | $82 | $722 | $60 |
| CR-V EX 4WD | $154 | $216 | $274 | $16 | $82 | $742 | $62 |
| CR-V EX-L 2WD | $154 | $216 | $274 | $16 | $82 | $742 | $62 |
| CR-V EX-L 4WD | $154 | $216 | $274 | $16 | $82 | $742 | $62 |
| Get Your Own Custom Quote Go | |||||||
Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and New Mexico minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Estimates do not factor in specific zip code location which can lower or raise price quotes substantially.
Using the premium rates above, we can conclude that using a $250 deductible costs an average of $20 more each month or $240 every year than buying the higher $1,000 deductible. Due to the fact that you would have to pay $750 more to file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at least 38 months between claim filings, you would most likely save money if you choose the higher deductible. The illustration below shows how we made this calculation.
| Average monthly premium for $250 deductibles: | $81 |
| Average monthly premium for $1,000 deductibles (subtract): | – $61 |
| Monthly savings from raising deductible: | $20 |
| Difference between deductibles ($1,000 – $250): | $750 |
| Divide difference by monthly savings: | $750 / $20 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 38 months |
One important caveat is that higher deductibles means you will have to cover more of the damage yourself when you file a claim. That will require access to more funds in the event you need to pay more for the deductible.
The illustration below shows how choosing a deductible and can change Honda CR-V insurance costs for each different age group. The data is based on a single female driver, full coverage, and no policy discounts are applied.
Don’t assume everyone needs the same car insurance coverage
When buying coverage, there really isn’t a “best” method to buy coverage. Your needs are not the same as everyone else’s and your car insurance should unique, too.
For instance, these questions might help in determining whether your personal situation could use an agent’s help.
- Is borrowed equipment or tools covered if stolen or damaged?
- Am I covered if I crash into my own garage door?
- Can I afford low physical damage deductibles?
- Do I pay less for low miles?
- Am I covered when driving in Canada or Mexico?
- Can good grades get a discount?
- What is an adequate liability insurance limit?
If you’re not sure about those questions, you may need to chat with an insurance agent. To find lower rates from a local agent, fill out this quick form or go to this page to view a list of companies.
Auto insurance quotes from neighborhood Albuquerque auto insurance agents
Many people would rather have an agent’s advice and often times that is recommended An additional benefit of getting online price quotes is you can get lower rates and still have a local agent. Buying insurance from local insurance agents is especially important in Albuquerque.
To make it easy to find an agent, after completing this form (opens in new window), your insurance data is transmitted to companies in Albuquerque that can give you free Albuquerque auto insurance quotes and help you find cheaper coverage. There is no reason to find an agent since rate quotes are delivered immediately to your email address. You can find lower rates and a licensed agent to work with. If you want to quote rates from a specific auto insurance provider, feel free to visit that company’s website to submit a rate quote request.
The type of car insurance agent you choose is important
If you are wanting to purchase auto insurance from local Albuquerque agents, you should know the types of agencies and how they work. Agents can be classified as either independent or exclusive.
Independent Agencies or Brokers
Agents of this type do not have single company limitations so as a result can place your coverage through many different auto insurance companies and get you the best rates possible. To transfer your coverage to a different company, they simply switch companies in-house which requires no work on your part. When shopping rates, you need to get insurance quotes from several independent insurance agents to ensure the widest selection of prices. Most can insure with companies that do not advertise much which may provide better rates.
Shown below is a list of independent agents in Albuquerque who may provide rate 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 - Webster Insurance Agency Inc
1201 Eubank Blvd Suite 3 – Albuquerque, NM 87112 – (505) 294-1497 – View Map - Lorraine Y Chavez Insurance Agency, Inc.
8224 Louisiana Blvd NE – Albuquerque, NM 87113 – (505) 821-7123 – View Map
Exclusive Agents
Exclusive agencies can only provide pricing for a single company such as AAA, State Farm, Farmers Insurance, and Allstate. They are unable to shop your coverage around so keep that in mind. Exclusive agents are well trained in insurance sales and that enables them to sell even at higher rates. Some consumers prefer to use the same agent mostly because of high brand loyalty instead of buying on price only.
Listed below is a list of exclusive insurance agents in Albuquerque willing to provide rate quotes.
- Cynthia Bahling – State Farm Insurance Agent
12700 San Rafael Ave NE #2 – Albuquerque, NM 87122 – (505) 292-3934 – View Map - Ken Brudos – State Farm Insurance Agent
3700 Coors Blvd NW – Albuquerque, NM 87120 – (505) 836-5060 – View Map - Paul Maestas – State Farm Insurance Agent
111 Coors Blvd NW, Ste C7 – Albuquerque, NM 87121 – (505) 831-3725 – View Map
Picking the best insurance agency is decision based upon more than just the premium amount. Ask your prospective agent these questions:
- Is insurance their full-time profession?
- Does the agency have a good rating with the Better Business Bureau?
- Is there a Errors and Omissions policy in force?
- Are you getting all the discounts the company offers?
- Is auto insurance their primary focus in Albuquerque?
- How long has their agency been in business in Albuquerque?
- Can glass claims be handled at your home?
Best auto insurance company in New Mexico
Picking the best insurance provider can be challenging considering how many choices you have in New Mexico. The company ratings shown below can help you choose which auto insurance companies you want to consider when shopping your coverage around.
Top 10 Albuquerque Car Insurance Companies Overall
- USAA
- American Family
- State Farm
- The Hartford
- AAA Insurance
- GEICO
- The General
- Titan Insurance
- Progressive
- Mercury Insurance