Rio Rancho Insurance Rates:

Rio Rancho, NM home insurance is roughly $593 to $803, about $49-$66/month. Our thorough research reveals consumers can save upto $279 by comparing many quotes

Compare Quotes from Top Providers and Save now!

Read Rio Rancho, New Mexico Homeowners Insurance reviews & compare quotes to get the best deal from the most trustworthy providers

Rio Rancho Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Liberty Mutual
Home Insurance Rate of $420/9 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $205,000

4 Beds, 4 Bath 1730 sqft Seasonal Residence Constructed In 1988 with Carpet over wood flooring, Membrane Roof, Piers Foundation, Vinyl siding, Wood Frame. Home Features Include Copper Water Pipes, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

40 Years old Single Male who has a Part Time Job with household income of $25-50,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • Up to 499 Credit Score

Home Insurance Rate of $770/9 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $445,000

5 Beds, 5 Baths 4090 sqft Vacation Property Constructed In 2007 with Linoleum, Wood Shake Roof, Slab Foundation, Wood siding, Stucco Construction. Home Features Include Deadbolt Locks, Smoke Alarm, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

23 Years old Divorced Male who is a Freelancer with household income of $25-50,000 and has No Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 800-850 Credit Score

  • Guests at home

Home Insurance Rate of $580/9 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $215,000

4 Beds, 4 Baths 2290 sqft Rental Property Constructed In 1999 with Wood Flooring, Membrane Roof, Chainwall Foundation, Fiber-Cement Siding, Metal Frame Construction. Home Features Include Central Air Conditioning, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

67 Years old Divorced Female who is a Freelancer with household income of $50-$75,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $290/4 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $225,000

5 Beds, 5 Bath 1880 sqft Rental Property Constructed In 2000 with Wood Flooring, Asphalt Shingles Roof, Chainwall Foundation, Stone Siding, Metal Frame Construction. Home Features Include Smoke Alarm, Copper Water Pipes, Central Air Conditioning, Indoor Sprinklers, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

28 Years old Divorced Female who has a Full Time Job with household income of $50-$75,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $200/5 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $115,000

3 Beds, 3 Baths 1270 sqft Primary Residence Constructed In 2001 with Carpet Flooring, Tile Roof, Slab Foundation, Wood siding, Stucco Construction. Home Features Include Copper Water Pipes, Deadbolt Locks, Central Air Conditioning, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

41 Years old Single Female who is a Freelancer with household income of $25-50,000 and has No Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

Home Insurance Rate of $1450/12 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $470,000

5 Beds, 5 Bath 4550 sqft Seasonal Residence Constructed In 2011 with Wood Flooring, Asphalt Shingles Roof, Piers Foundation, Brick siding, Metal Frame Construction. Home Features Include Deadbolt Locks, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

27 Years old Divorced Male who is a Freelancer with household income of $50-$75,000 and has 2 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 500-549 Credit Score

  • Guests at home

Rio Rancho, NM Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
87124 $169,800 $690

Rio Rancho Rates & Quotes Analysis:

Rio Rancho Area Estimated House Insurance
Rincon de Romos Dr SE, Cll de Blas, Clle Azul, Cll Valle Serrano, Coyote Way NE, 21st St NW, Sombrerete Rd SE, Eastlake Dr SE, Ramah, 9th St SW$686
Ashley Ln NW, Seven Star Loop, Frontage Rd NE, 4th St SW, Spruce Meadows Dr NE, Alcano Cir NE, Jeffrey Rd NE, W la Entrada, Hill Rd NE, Cam de Las Huertas$783
W Ella Dr, Chihuahua Rd NE, 7th Ave NW, Chama River Ct NE, C de Baca Ln, Cam Alto, Cll Duranes, Mallard Ct NE, Villa Rd SE, Magrey Ln$700
Perfecto Lopez Rd, Spruce Mountain Loop NE, Willow Ct SE, 23rd St NW, Goldfinch Way NE, Railroad Track Rd, 13th St SE, San Lorenzo, Geraldine Pl SE, Wyalusing Rd NE$701
Sheriff's Posse Rd, Sanbusco Ct NE, Alero Cir NE, Dethomas Ln, Bluebird Rd, Cedar Ln SE, Quantum Rd NE, Doral Park Rd SE, Sawmill Rd, 16th St SW$678
Pawnee Ct NE, Cam Tres Ritos Ct, Gypsum Ct NE, Villa Pl SE, Talon Dr NE, Mark Rd NE, Cll Melinche, Main St, Iris Rd NE, Desert Zinnia Rd NE$701
Saint Andrews Dr SE, Yucca Trl, Cabeza Negra Ct SE, Sandia Vista Pl NE, Pecos Loop SE, W Meadowlark Ln, Autum Meadows, 20th Ave SE, Lemon Dr NE, Slice Ct SE$793
Maguey Ln, el Morro Dr SE, Sego Ln, Copper Dr NE, Ave Encento, Rock Rd NE, Cll Don Francisco, Stallion Loop SE, Third Mesa Ct, Trujillo Ln$773
Gunpowder Ct, Wild Horse Ln, Michelle Cir, Japura Ct NE, Diamond Peak Dr NE, Edith Rd, Medina Meadows Dr, Virgina Ct NE, Shelby Meadows Dr NE, Carin Ct SE$663
Alif Rd NE, Cll Dominguez, W Applewood, Ceniza Ln SE, Quail Meadow Rd, Via Faisan, Caballo Ct NE, Cll Corte, Dearborn Hills Dr NE, Arrowhead Ridge Dr SE$774

Insurance rates are influenced by a number of factors including:

  • Year Built: 10,285 Homes (22% of total homes ) built between 1990 to 1999 in Rio Rancho are paying home insurance between $1,007-$1,017. Places close to Rio Rancho, NM such as Placitas, Algodones, Corrales are more expensive by $95, $18, $121 respectively while Bernalillo and Santa Ana Pueblo are cheaper by $39 and $59 respectively for similar homes.
  • Bedrooms: 10,520 4 bedrooms homes (23% of total homes ) in Rio Rancho are paying about $823 compared to Placitas (+$78), Algodones (+$15), Corrales (+$91), Bernalillo (-$32) and Santa Ana Pueblo (-$42).
  • Auto Insurance Bundling: 14,561 Households (43% of all households) in Rio Rancho have 2 vehicles available and when it is bundled with home insurance you can save $139 and differs from Bernalillo ($134), Santa Ana Pueblo ($131), Placitas ($152).
  • Senior Discounts: 14,982 seniors (more than 55 years) occupied housing units (44% of total) in Rio Rancho get discounts between $104 to $106 and varies from Bernalillo ($100), Santa Ana Pueblo ($98), Placitas ($114).
  • New Homes discounts: New homes such as the 27,244 homes built between 2000 to 2009 in Rio Rancho can save $139 and similar new home insurance discounts in nearby towns and cities like Bernalillo, Santa Ana Pueblo and Placitas are $134, $131 and $152 respectively.

Rio Rancho Homeowners insurance Facts

  • Rio Rancho, NM has 33,799 owner occupied houses which is 80.7% of all units whereas Bernalillo, Santa Ana Pueblo and Placitas have 73.65%, 73.21% and 89.1% respectively.
  • Rio Rancho, NM homeowners yearly insurance price at $698 is 0.37% of the typical house value of $190,200 which is in contrast with 0.58% in Bernalillo, 0.87% at Santa Ana Pueblo & 0.2% in Placitas.
  • Homeowners in Rio Rancho, NM pay 2.15% of their income ($30,000 to $34,999) in insurance whereas homeowners in Bernalillo, Santa Ana Pueblo and Placitas pay 2.06%, 2.02% and 2.35% respectively.
  • Rio Rancho, NM’s insurance is 4.2% of monthly housing costs of $1,384/month, for owners with a mortgage compared to 5.38% in Bernalillo, 12.01% at Santa Ana Pueblo & 3.3% in Placitas. But, for households without a mortgage, insurance is 15.7% of costs ($370 in Rio Rancho, NM) in contrast with 18.39% in Bernalillo, 38.02% at Santa Ana Pueblo & 12.41% in Placitas.

Rio Rancho, NM Home Values & Insurance rates

For example, insurance for 4,932 Homes (16.0% of total homes ) valued between $150,000 to $174,999 in Rio Rancho, NM is about $593. Rates in nearby areas in such as Placitas, Algodones, Corrales are cheaper by $265, $89, $296 respectively while Bernalillo and Santa Ana Pueblo are costlier by $353 and $812 respectively for similar homes.

Rio Rancho, NM Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 1,262 4.0% $90
$80,000 to $89,999 498 1.0% $307
$90,000 to $99,999 791 2.0% $342
$100,000 to $124,999 2,975 10.0% $397
$125,000 to $149,999 3,760 12.0% $502
$150,000 to $174,999 4,932 16.0% $593
$175,000 to $199,999 3,325 11.0% $684
$200,000 to $249,999 4,932 16.0% $823
$250,000 to $299,999 3,057 10.0% $1005
$300,000 to $399,999 3,344 11.0% $1284

Renters Insurance in Rio Rancho

  • Average Renters Insurance in Rio Rancho :  $171($14/month)

  • Median Gross Rent in Rio Rancho :  $990

  • Rio Rancho Renters Insurance to Median Rent Ratio:  1.41%

  • Average household size of renter-occupied unit :  2.7

Rio Rancho Renters Insurance as a Percentage of Rent

Rio Rancho Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$200 to $299 101 1.0% $792
$300 to $499 374 4.0% $1242
$500 to $749 1,185 15.0% $1917
$750 to $999 2,164 28.0% $2667
$1,000 to $1,499 2,696 35.0% $3792
$1,500 or more 1,013 13.0% $5442

Rent Affordability in Rio Rancho:

Approximately 46.0% (3,806) of households are spending more than 35% of their income on gross rent in Rio Rancho

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 1,040 12.0%
15.0 to 19.9 percent 827 10.0%
20.0 to 24.9 percent 1,031 12.0%
25.0 to 29.9 percent 670 8.0%
30.0 to 34.9 percent 734 9.0%
35.0 percent or more 3,806 46.0%

Protective device discount in Rio Rancho Up to :  $25

Claims-free discount in Rio Rancho Up to :  $34