Albuquerque Insurance Rates:

Albuquerque, NM home insurance is about $593 to $802, about $49-$66/month. Our detailed analysis indicates shoppers can save upto $278 by comparing different quotes

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Albuquerque Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
State Farm
Home Insurance Rate of $410/7 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $180,000

3 Beds, 3 Baths 1420 sqft Seasonal Residence Constructed In 1964 with Linoleum, Slate Shingles Roof, Crawl Space Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Smoke Alarm, Fire Extinguisher, Copper Water Pipes, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

52 Years old Single Male who has a Part Time Job with household income of less than $25,000 and has 2 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

Home Insurance Rate of $170/4 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $130,000

3 Beds, 3 Bath 1420 sqft Seasonal Residence Constructed In 1981 with Stone Flooring, Shingles Roof, Piers Foundation, Wood siding, Brick Frame. Home Features Include Swimming Pool, Deadbolt Locks, Central Air Conditioning, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

65 Years old Married Male who is a Freelancer with household income of $100-$150,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 600-649 Credit Score

  • Seniors staying at home

Home Insurance Rate of $100/2 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $100,000

2 Beds, 2 Bath 1030 sqft Seasonal Residence Constructed In 2014 with Hardwood Flooring, Wood Shake Roof, Slab Foundation, Brick siding, Brick Frame. Home Features Include Central Air Conditioning, Fireplace, Copper Water Pipes, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

26 Years old Single Female who has a Part Time Job with household income of $25-50,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

Home Insurance Rate of $860/6 months for $600000-$700000 Coverage
Policy Holder Home Details :

Home Value : $540,000

5 Beds, 5 Baths 5000 sqft Primary Residence Constructed In 1976 with Stone Flooring, Tile Roof, Crawl Space Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Deadbolt Locks, Indoor Sprinklers, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

49 Years old Divorced Male who is Unemployed and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 650-699 Credit Score

  • Guests at home

Home Insurance Rate of $660/8 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $190,000

3 Beds, 3 Bath 1590 sqft Primary Residence Constructed In 2005 with Stone Flooring, Asphalt Shingles Roof, Piers Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Smoke Alarm, Fire Extinguisher, Indoor Sprinklers, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

25 Years old Single Male who is Unemployed with household income of less than $25,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • Up to 499 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $150/5 months for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $100,000

2 Beds, 2 Bath 1050 sqft Primary Residence Constructed In 1981 with Carpet over wood flooring, Metal Roof, Slab Foundation, Brick siding, Brick Frame. Home Features Include Central Air Conditioning, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

65 Years old Single Male who is Unemployed and has 3 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

Home Insurance Rate of $198/3 months for $190,000 Coverage
Stone and cedar three bedroom & two bath ranch with vaulted ceilings, a gas fireplace and hardwood floors. The big eat-in modern kitchen & appliances, granite counter tops, hardwood floors. Home situated on a private cul-de-sac and all appliances, including the washer and dryer are modern
We are a largely retired couple where my wife does part time voluntary work. Our credit is good and I used to work in a research organization.
Home Insurance Rate of $132/2 months for $130,000 Coverage
We are quite far away from the police & fire station & it would take some time for them to get up here so I think this impacts our home insurance.
We have fully paid of our house & we got done with that about 10 years ago. We are an elderly retired couple so we are happy that we don't have debt to pay on top of our home insurance!

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Albuquerque Rates & Quotes Analysis:

Albuquerque Area Estimated House Insurance
Bentley Ct, Cam Cerrito SE, Bret Pl NE, Mirasol Ave NW, la Veta Ct, Cosmos Dr SW, San Nicholas Ave NW, Tuna Pl NW, Atrisco Pl NW, Rafael Rd SW$680
Coal Ave SW, Ave Las Campanas NW, Cranbrook St NE, Thomas Ln NW, Malachite Dr SW, Sun Mountain Trl SW, Sherwood Dr NW, Larkspur Ln, la Condesa Ave NE, Vinton St SW$679
Live Oak Ln NE, la Ronda Pl NE, Illinois St NE, Tower Rd SW, Kentucky St NE, Rock Point Pl NE, Faye Pl NE, Cletsoway Dr SW, Agnes Ct NE, del Rey Rd SW$703
Scoria Dr NW, Placido Dr NE, Winchester Rd SW, Calla Lily Cir, Wellsburg Ave NW, Scarlet Pl NW, 60th St SW, Boliver Ln, Red Hawk Rd NE, Pso del Norte$694
Zena Lona St, Brookstone Dr NW, Michael Hughes Dr NE, 11th St NW, Paseo Vis NE, Pojoaque Dr NW, Torpedo Pl NW, Cottonwood Pl, Contreras Pl NW, Terrace SE$712
Tahoe Pl NE, Mead Rd SW, Um Rd NW, Hahn Ct NE, Cll de Vida NW, Roberta Pl NE, Pinon Ct NW, Westlake Dr NE, Galaxia Park Dr NW, Sarita Ave NW$714
del Campo Pl NE, S Dale Dr SW, Daniel Rd NW, Fox Hill Pl SW, Juan Tabo Blvd SE, Maddux Pl NW, Major Ave NW, Signal Ave NE, Montclaire Dr SE, Arapahoe Ave NW$718
14th St NW, Cameron St NW, Tulane Pl NE, Pueblo Verde NE, Eagle Ridge Ln, Georgetown Ave NW, Brookline Dr NW, Cll del Bosque NW, Bonita Plz NE, Cienega Ct NW$727
Montego Pl NE, Glendale Pl NW, Summerlin Rd NW, Tramway Vista Dr NE, Canyon Hills Dr NE, Morrow Ave, Tres Vistas Rd NW, San Fidel Rd NW, Manzano Ct NW, Rio Canon Ct SW$714
Carreta Dr NW, Quarterhorse Ln NW, Cairo Dr NE, Englewood Dr SE, William St SE, Brad Pl NW, Globe Willow Ave NE, Chesapeake Rd NW, Desert Rd, Crescent Dr NW$709

Insurance rates are influenced by a number of factors including:

  • Year Built: 41,479 Homes (15% of total homes ) built between 1980 to 1989 in Albuquerque are paying home insurance between $1,039-$1,050. Places close to Albuquerque, NM such as Los Ranchos de Albuquerque, Edith Endave, Sandia Heights are more expensive by $113, $14, $150 respectively while South Valley and Pueblo of Sandia Village are cheaper by $24 and $30 respectively for similar homes.
  • Bedrooms: 43,036 4 bedrooms homes (16% of total homes ) in Albuquerque are paying about $822. Areas near to Albuquerque such as Los Ranchos de Albuquerque, North Valley, Edith Endave are costlier by $81, $4, $11 respectively whereas South Valley and Paradise Hills are more economical by $20, $4 respectively for similar homes.
  • Auto Insurance Bundling: 40,762 Households (25% of all households) in Albuquerque have 3 or more vehicles available and when it is bundled with home insurance you can save $174. Discounts for similar bundling in close by locations such as Bernalillo County, Los Ranchos de Albuquerque, South Valley come to $174, $193, $170 respectively.
  • Senior Discounts: 74,982 seniors (more than 55 years) occupied housing units (47% of total) in Albuquerque get discounts between $104 to $106 and differs from Bernalillo County ($104), Los Ranchos de Albuquerque ($115), South Valley ($102).
  • New Homes discounts: New homes such as the 124,409 homes built between 2000 to 2009 in Albuquerque can save $139 and varies from Bernalillo County ($139), Los Ranchos de Albuquerque ($154), South Valley ($136).

Albuquerque Homeowners insurance Facts

  • Albuquerque, NM has 158,339 owner occupied houses which is 62.5% of all units whereas Bernalillo County, Los Ranchos de Albuquerque and South Valley have 63.52%, 68.05% and 75.71% respectively.
  • Albuquerque, NM homeowners yearly insurance price at $697 is 0.37% of the typical house value of $188,700 which is in contrast with 0.37% in Bernalillo County, 0.19% at Los Ranchos de Albuquerque & 0.49% in South Valley.
  • Homeowners in Albuquerque, NM pay 1.86% of their income ($35,000 to $39,999) in insurance whereas homeowners in Bernalillo County, Los Ranchos de Albuquerque and South Valley pay 1.86%, 2.06% and 1.81% respectively.
  • Albuquerque, NM’s insurance is 4.3% of monthly housing costs of $1,360/month, for owners with a mortgage compared to 4.24% in Bernalillo County, 3.29% at Los Ranchos de Albuquerque & 4.94% in South Valley. But, for households without a mortgage, insurance is 15.3% of costs ($380 in Albuquerque, NM) in contrast with 15.39% in Bernalillo County, 13.18% at Los Ranchos de Albuquerque & 18.28% in South Valley.

Albuquerque, NM Home Values & Insurance rates

For example, insurance for 9,823 Homes (6.0% of total homes ) valued between Less than $50,000 in Albuquerque, NM is about $90. Rates in nearby areas in such as Los Ranchos de Albuquerque, North Valley, Edith Endave are cheaper by $44, $6, $13 respectively while South Valley and Paradise Hills are costlier by $25 and $7 respectively for similar homes.

Albuquerque, NM Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 9,823 6.0% $90
$70,000 to $79,999 2,123 1.0% $271
$80,000 to $89,999 2,648 1.0% $313
$90,000 to $99,999 3,165 2.0% $348
$100,000 to $124,999 14,419 10.0% $404
$125,000 to $149,999 15,510 10.0% $501
$150,000 to $174,999 21,002 14.0% $599
$175,000 to $199,999 15,677 10.0% $690
$200,000 to $249,999 25,827 18.0% $829
$250,000 to $299,999 17,096 11.0% $1010
$300,000 to $399,999 14,269 9.0% $1289

Renters Insurance in Albuquerque

  • Average Renters Insurance in Albuquerque :  $173($14/month)

  • Median Gross Rent in Albuquerque :  $760

  • Albuquerque Renters Insurance to Median Rent Ratio:  1.84%

  • Average household size of renter-occupied unit :  2.27

Albuquerque Renters Insurance as a Percentage of Rent

Albuquerque Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 1,553 1.0% $343
$200 to $299 2,246 2.0% $793
$300 to $499 8,795 9.0% $1243
$500 to $749 31,974 34.0% $1918
$750 to $999 24,034 26.0% $2668
$1,000 to $1,499 18,810 20.0% $3793
$1,500 or more 4,245 4.0% $5443

Rent Affordability in Albuquerque:

Approximately 46.0% (44,073) of households are spending more than 35% of their income on gross rent in Albuquerque

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 10,557 11.0%
15.0 to 19.9 percent 11,712 12.0%
20.0 to 24.9 percent 10,792 11.0%
25.0 to 29.9 percent 10,510 11.0%
30.0 to 34.9 percent 7,414 7.0%
35.0 percent or more 44,073 46.0%

Protective device discount in Albuquerque Up to :  $25

Claims-free discount in Albuquerque Up to :  $34

Albuquerque, NM Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
87122 $466,700 $810
87113 $251,000 $730
87111 $249,600 $730
87106 $236,600 $730
87104 $232,900 $720
87109 $209,200 $710
87107 $198,700 $700
87120 $195,000 $700
87110 $187,900 $710
87112 $182,900 $700
87123 $170,200 $700
87108 $169,300 $700
87102 $136,700 $680
87105 $132,600 $680
87121 $132,600 $690