Shockingly, the vast majority of auto insurance customers kept buying from the same company for over three years, and practically 40% of auto insurance customers have never compared rates to find lower-cost insurance. New Mexico drivers could save roughly 40% each year, but most just don’t grasp the large savings they would see if they moved their coverage to a different company.
The recommended way to save money on Nissan Armada insurance in Albuquerque is to compare quotes annually from companies in New Mexico. Rates can be compared by following these steps.
- Step 1: Take a little time to learn about how companies price auto insurance and the modifications you can make to prevent high rates. Many policy risk factors that cause rate increases like speeding tickets, accidents and a negative credit score can be rectified by making small lifestyle or driving habit changes.
- Step 2: Get rate quotes from direct, independent, and exclusive agents. Direct companies and exclusive agencies can only provide price estimates from a single company like Progressive and State Farm, while agents who are independent can quote rates from multiple insurance companies. View a list of agents
- Step 3: Compare the new rate quotes to the price on your current policy and see if you can save money. If you can save money and switch companies, make sure there is no coverage gap between policies.
- Step 4: Provide adequate notice to your current company of your intention to cancel your current auto insurance policy. Submit the application along with any required down payment to the newly selected company. Immediately upon receiving it, safely store the certificate verifying proof of insurance with your registration paperwork.
A good tip to remember is to try to use similar coverage information on each quote and and to compare as many car insurance companies as possible. This provides the most accurate price comparison and a good representation of prices.
Save a ton on Nissan Armada insurance in Albuquerque with these insurance discounts
Insurance is not cheap nor is it fun to buy but you might be missing out on some discounts that many consumers don’t even know exist. Many of these discounts will be applied automatically when you quote, but some may not be applied and must be asked for prior to receiving the credit.
- Drive Safe and Save – Drivers who avoid accidents may receive a discount up to 45% compared to accident prone drivers.
- Anti-lock Brake System – Vehicles with ABS and/or traction control are safer to drive and the ABS can save up to 10%.
- Service Members Pay Less – Having a family member in the military could be rewarded with lower insurance rates.
- Senior Discount – Mature drivers can get a discount up to 10%.
- Defensive Driving Course – Taking part in a defensive driver course could earn you a small percentage discount if your company offers it.
- Life Insurance Discount – Insurance companies who offer life insurance give lower premium rates if you buy life insurance.
- College Student – Children who live away from home at college and won’t have access to an insured vehicle could get you a discount.
- Sign Early and Save – Some companies reward drivers for buying a new policy prior to your current Armada insurance policy expiration. This discount can save up to 10%.
- Home Ownership Discount – Owning a house in Albuquerque can help you save on insurance due to the fact that maintaining a home is proof that your finances are in order.
- Student Driver Training – Have your child complete a driver education course as it can save substantially.
It’s important to understand that most credits do not apply to all coverage premiums. Most cut the cost of specific coverages such as collision or personal injury protection. If you do the math and it seems like you could get a free insurance policy, nobody gets a free ride.
The example below shows the difference between Nissan Armada annual premium costs with and without discounts. The premiums assume a female driver, no driving violations, no at-fault accidents, New Mexico state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, safe-driver, multi-car, multi-policy, and homeowner discounts applied.
A few of the larger companies and a summarized list of policyholder discounts include:
- 21st Century discounts include homeowners, defensive driver, anti-lock brakes, air bags, and teen driver.
- State Farm offers premium reductions for Steer Clear safe driver discount, good driver, multiple autos, driver’s education, passive restraint, and Drive Safe & Save.
- AAA has discounts for good driver, AAA membership discount, good student, education and occupation, and anti-theft.
- Liberty Mutual may have discounts that include exclusive group savings, new graduate, good student, newly married, new move discount, multi-policy, and teen driver discount.
- Progressive may include discounts for homeowner, continuous coverage, multi-policy, online quote discount, good student, and online signing.
Before purchasing a policy, check with every insurance company which discounts you may be entitled to. Discounts may not apply in Albuquerque. To find insurance companies that offer many of these discounts in New Mexico, follow this link.
Finding a better price on auto insurance can be quick and easy. The only requirement is to invest a few minutes to compare rates to discover which company has the cheapest Nissan Armada rate quotes.
It’s so easy to compare quotes online that it replaces the need to drive around to insurance agents’ offices. Quoting and buying Nissan Armada insurance online makes this unnecessary unless you have a complicated situation and need the trained guidance that can only be provided by a licensed insurance agent. Some companies do allow you to comparison shop your insurance online but buy from a local insurance agent.
The companies in the list below are ready to provide free rate quotes in Albuquerque, NM. To find the best cheap car insurance in New Mexico, we suggest you visit as many as you can to get the most competitive price.
Nissan Armada coverage statistics
The coverage table below showcases different prices for Nissan Armada models. Learning more about how insurance premiums are determined is important to be able to make decisions on the best policy coverages.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Armada SE 2WD | $196 | $348 | $310 | $18 | $92 | $964 | $80 |
| Armada SE 4WD | $196 | $410 | $310 | $18 | $92 | $1,026 | $86 |
| Armada Titanium 2WD | $196 | $410 | $310 | $18 | $92 | $1,026 | $86 |
| Armada Titanium 4WD | $196 | $410 | $310 | $18 | $92 | $1,026 | $86 |
| Armada Platinum 2WD | $196 | $410 | $310 | $18 | $92 | $1,026 | $86 |
| Armada Platinum 4WD | $218 | $410 | $310 | $18 | $92 | $1,048 | $87 |
| Get Your Own Custom Quote Go | |||||||
Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and New Mexico minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, claim-free, and multi-vehicle. Premium amounts do not factor in specific garaging location which can decrease or increase premium rates significantly.
Nissan Armada insurance rates by age and gender
The information below compares Nissan Armada insurance costs for male and female drivers. Data assumes no claims or driving citations, comp and collision included, $100 deductibles, drivers are not married, and no discounts are taken into consideration.
How much more does full coverage cost?
The information below shows the difference between Nissan Armada insurance rates when comparing full coverage to state minimum liability only. The premiums are based on no accidents, no driving violations, $100 deductibles, marital status is single, and no policy discounts are applied.
Should you pay for full coverage or liability only?
There is no exact formula of when to drop physical damage insurance, but there is a broad guideline. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
For example, let’s say your Nissan Armada book value is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $7,000 after paying the physical damage deductible. If premiums are more than $700 a year for your policy with full coverage, then it might be time to consider dropping full coverage.
There are some situations where removing full coverage is not a good plan. If you haven’t satisfied your loan, you have to carry full coverage in order to keep the loan. Also, if your savings is not enough to buy a different vehicle if your current one is totaled, you should not buy liability only.
Why Your Insurance Prices might be higher
Part of the insurance buying process is learning some of the things that play a part in calculating the level of your policy premiums. When consumers understand what positively or negatively impacts your premiums, this helps enable you to make changes that can help you get big savings.
The factors shown below are a partial list of the pieces insurance companies consider when setting your premiums.
- City dwellers may pay more – Having an address in a small town is a good thing when insuring your vehicles. People who live in big cities have more auto accidents and higher rates of accident claims. Less people living in that area translates into fewer accidents.
- Fewer miles means better prices – The more you drive annually the more you’ll pay to insure it. Almost all companies charge to insure your cars partially by how you use the vehicle. Autos not used for work or commuting can be on a lower rate level compared to those used for work or business. A policy that improperly rates your Armada can result in significantly higher rates. It’s a good idea to make sure your policy reflects the correct driver usage.
- Avoid coverage lapses – Driving with no insurance is illegal and insurance companies will penalize you for letting your insurance lapse for non-payment. In addition to paying higher rates, the inability to provide proof of insurance could earn you a license revocation or jail time.
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Prices are impacted by vehicle performance – The performance of the car, truck or SUV you are buying insurance for makes a substantial difference in your premium level. Small economy passenger cars normally have pretty low rates, but many other things help determine your insurance rates.
The next chart is based on a single male driver age 20, full coverage with $500 deductibles, and no discounts or violations. It shows Nissan Armada car insurance rates compared to other models of vehicles that have a range of performances.
- Higher prices for high stress employers – Careers like lawyers, police officers, and financial analysts generally have higher rates than average because of intense work requirements and lengthy work days. Conversely, professions such as professors, students and performers receive lower rates.
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Nissan Armada insurance loss statistics – Insurance companies study historical loss data when they set coverage costs for each model. Models that historically have higher losses will have higher rates for specific coverages.
The next table shows the historical insurance loss data for Nissan Armada vehicles. For each coverage category, the loss probability for all vehicles averaged together is a value of 100. Percentage values below 100 mean the vehicle has better than average losses, while values that are above 100 indicate more frequent claims or an increased likelihood of larger losses.
Nissan Armada Insurance Loss Statistics Vehicle Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Nissan Armada 4dr 2WD 94 104 93 106 87 Nissan Armada 4dr 4WD 123 120 109 91 69 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Local neighborhood agents and insurance
Some consumers would rather talk to a local agent and that is a personal choice. Good insurance agents are trained to spot inefficiencies and help in the event of a claim. One of the benefits of comparing rates online is that drivers can save money and get the best rates and still have an agent to talk to. Supporting neighborhood agents is important particularly in Albuquerque.
To help locate an agent, after submitting this form (opens in new window), your insurance coverage information gets sent to local insurance agents who will return price quotes for your insurance coverage. It makes it easy because there is no need to drive around since rate quotes are delivered to your email. If you want to compare prices from one company in particular, you would need to find their quoting web page and complete a quote there.
When searching for a reliable insurance agent, it’s important to understand the different agency structures from which to choose. Insurance agencies are considered either exclusive or independent agents depending on their company appointments. Both sell insurance policies, but it is a good idea to know how they differ since it may influence which agent you choose.
Independent Insurance Agencies or Brokers
Independent insurance agents can sell policies from many different companies and that is an advantage because they can write policies with many different companies and potentially find a lower price. If they find a cheaper price, your policy is moved internally and you stay with the same agent.
If you are trying to find cheaper rates, it’s recommended you get rate quotes from multiple independent agents so that you have a good selection of quotes to compare.
Listed below is a small list of independent agencies in Albuquerque who may provide competitive price quotes.
Lorraine Y Chavez Insurance Agency, Inc.
8224 Louisiana Blvd NE – Albuquerque, NM 87113 – (505) 821-7123 – View Map
J. B. Martin Insurance Agency
8500 Menaul Blvd NE #345 – Albuquerque, NM 87112 – (505) 888-8846 – View Map
Free Market Insurance Agency
6211 San Mateo Blvd NE #120 – Albuquerque, NM 87109 – (505) 881-2645 – View Map
Exclusive Insurance Agents
Agents that choose to be exclusive can only provide pricing for a single company and examples are State Farm, AAA, and Liberty Mutual. Exclusive agents are unable to shop your coverage around so they have to upsell other benefits. They are well trained on their products and sales techniques which helps them compete with independent agents.
Listed below is a short list of exclusive insurance agencies in Albuquerque that can give you rate quotes.
Allstate Insurance: Larry Gaylord
3296 Coors Blvd NW d – Albuquerque, NM 87120 – (505) 836-4630 – View Map
Matt Medina – State Farm Insurance Agent
4253 Montgomery Blvd NE g205 – Albuquerque, NM 87109 – (505) 881-8100 – View Map
Ron Pino – State Farm Insurance Agent
4250 Coors Blvd SW a – Albuquerque, NM 87121 – (505) 877-1391 – View Map
Choosing an insurance agency requires more thought than just the price. Ask your prospective agent these questions:
- Which company do they place the most coverage with?
- If your car is in the repair shop, do you have coverage for a rental car?
- Is insurance their full-time profession?
- Can they help ensure a fair claim settlement?
- If independent agents, which companies do they recommend?
- Will the agent help in case of a claim?
- Is vehicle mileage a factor when determining depreciation for repairs?
If you receive acceptable answers to your questions and an acceptable price quote, you may have found an insurance agency that meets the requirements to provide insurance coverage.
Insurance in New Mexico serves several purposes
Even though it’s not necessarily cheap to insure a Nissan in Albuquerque, buying insurance is required in New Mexico but also provides important benefits.
- Just about all states have mandatory insurance requirements which means state laws require a specific minimum amount of liability insurance in order to be legal. 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 took out a loan on your Nissan Armada, most lenders will require you to carry insurance to guarantee loan repayment. If you let the policy lapse, the bank may insure your Nissan at a more expensive rate and force you to pay the higher premium.
- Insurance protects both your assets and your Nissan. It will also cover all forms of medical expenses for not only you but also any passengers injured in an accident. As part of your policy, liability insurance will also pay to defend you in the event you are sued. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of carrying enough insurance outweigh the cost, especially if you ever need it. The average driver in New Mexico is wasting up to $850 per year so compare rates each time the policy renews to make sure the price is not too high.
Best auto insurance in Albuquerque
Insuring your vehicle with a good quality insurance provider can be rather challenging considering how many different companies there are to choose from in New Mexico. The rank data shown below may help you pick which car insurance companies to look at putting your business with.
| 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 |
| Mercury Insurance | 88 | 91 | 90 | 85% | A+ | 89.4 |
| 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 |
| Travelers | 80 | 87 | 87 | 83% | A++ | 85.2 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Quote. Compare. Save.
Cheaper Nissan Armada insurance in Albuquerque can be bought from both online companies as well as from insurance agents, and you should compare price quotes from both so you have a total pricing picture. Some companies may not provide the ability to get quotes online and usually these regional insurance providers prefer to sell through independent insurance agents.
As you quote Albuquerque car insurance, never reduce coverage to reduce premium. Too many times, consumers will sacrifice liability coverage limits only to discover later that they should have had better coverage. The aim is to find the BEST coverage at the best cost, but do not skimp to save money.
We covered a lot of information how to find affordable Nissan Armada insurance in Albuquerque. The key thing to remember is the more quotes you get, the higher your chance of finding inexpensive Albuquerque car insurance quotes. You may even find the most savings is with the least-expected company. These smaller insurers often have lower car insurance rates on specific markets compared to the large companies like Progressive and GEICO.
Additional detailed information is available in the articles below:
- Speed and Speed Limit FAQ (iihs.org)
- Who Has the Cheapest Auto Insurance for Teenage Males in Albuquerque? (FAQ)
- Who Has the Cheapest Car Insurance for Drivers Over Age 50 in Albuquerque? (FAQ)
- How Much are Car Insurance Quotes for a Honda Civic in Albuquerque? (FAQ)
- Who Has the Cheapest Auto Insurance for Nurses in Albuquerque? (FAQ)
- Warning systems don’t curb driver distraction (Insurance Institute for Highway Safety)
- Can I Drive Legally without Insurance? (Insurance Information Institute)
- Prom Night Tips for Teen Drivers (State Farm)