Car Insurance in Albuquerque, NM
Get out and enjoy the beauty of central New Mexico knowing you are protected with car insurance in Albuquerque.
Albuquerque sits in central New Mexico and is an excellent launching spot for day trips in the area. Take in the views from Sandia Peak whose tramway is only a short 20-minute drive away, or head south on I-25 for a couple of hours and you can be in Hatch, NM, a town made famous by its red and green chiles.
With over 225,000 workers living and working in the city, and another 12,000 coming in for work each day, Albuquerque streets are often congested. This is despite a comprehensive bus schedule offered by ABQ RIDE and Rail Runner trains for regional trips.
The crime rate in Albuquerque is drastically higher than state and national averages, meaning you may want to take extra steps to ensure you have protection against events such as theft or vandalism. Adding comprehensive coverage to your car insurance in Albuquerque is an excellent way to accomplish this. Shop with VIU by HUB to learn more about coverage options with different insurance providers.
Similar to other states, New Mexico has minimum insurance levels that car owners must maintain. Specifically, you must provide proof of bodily injury liability coverage of $25,000 for one person and $50,000 for two or more persons per accident and property damage coverage equal to at least $10,000 per accident to the state MVD.
However, liability coverage is only part of the equation. You may also want to include comprehensive and collision insurance to cover repairs to your own vehicle after an accident or other loss. Towing or roadside assistance and rental car coverage are additional options to help you pay for certain out-of-pocket expenses.
If you opt for state minimum liability coverage, you can expect to pay around the city average of $650 per year. Keep in mind that this type of coverage does not protect your own vehicle against damage. More comprehensive full-coverage policies cost more, with an average annual premium of $2,204. Those figures are slightly higher than national averages for the same level of coverage.
Location is only one of many factors that can affect how much you pay for car insurance in Albuquerque. Others include your credit history, the type of car you drive, and how much you drive each year since these all affect how likely it is for you to file a claim. For example, someone who drives 15,000 miles a year has a greater chance of getting in an accident than someone who only drives 1,000 miles.
The type of car you drive can also impact possible claims. Larger trucks and SUVs tend to cause more damage in accidents than smaller cars. On the other hand, you may be more likely to suffer injuries in a small sedan compared to a large SUV. Insurance companies use all of this data to calculate premiums.
Several opportunities exist to help you save on car insurance in Albuquerque. For example, completing an approved defensive driving course may qualify you for a discount. Maintaining a clean driving record with no tickets or accidents is another way to manage premiums. It is also a good idea to compare rates from several providers to evaluate your options. VIU by HUB can help you compare quotes from multiple insurance companies to find the right policy for your driving style.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
