Albuquerque Insurance Rates:

Albuquerque ,NM Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.

VHome Insurance conducted a thorough analysis of the Albuquerque, NM homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Albuquerque, NM is $1757. Enter your zipcode below and click “GO” to get multiple free quotes.

Compare Quotes from Top Providers and Save now!

Home Insurance Companies in Albuquerque, NM: Customer-Reviewed Options


Albuquerque, NM Homeowners Insurance Rates by Coverage Level

It is important to understand the different coverage options available in Albuquerque, NM. VHome Insurance will help you navigate the world of homeowners insurance coverages in Albuquerque, NM.

Coverage Level Average Annual Premium
$100,000 $703
$200,000 $1,195
$300,000 $1,476
$400,000 $2,249
$500,000 $2,829


Albuquerque, NM Homeowners Insurance Rates by ZIP Code

Home insurance costs in Albuquerque can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.

Zipcode Average Insurance Premium
087122 $1,944
87113 $1,750
87111 $1,733
87106 $1,722
87104 $1,709
87109 $1,696
87107 $1,694
87120 $1,673
87110 $1,662
87112 $1,657
87123 $1,650
87108 $1,631
87102 $1,597
87105 $1,613
87121 $1,612


Albuquerque, NM Homeowners Insurance Deductibles

One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Albuquerque, NM, and how to choose the right one for your needs.

Deductible Level Average Annual Premium
$500 Deductible $1,801
$1000 Deductible $1,611
$1500 Deductible $1,520
$2500 Deductible $1,370
$5000 Deductible $1,160



Top Home Insurance Agents Near Albuquerque, NM

Home Insurance Company Near Albuquerque, NM Homeowners Insurance Agency Near Albuquerque, NM Address
Allstate Blue Star Insurance 400 W Hwy 60, Mountainair, NM, 87036
Farmers Cathy Muse 4201 Central Ave NW # B7a, Albuquerque, NM, 87105
State Farm Cynthia Bahling 12700 San Rafael Ave NE Ste 2, Albuquerque, NM, 87122-1143
Farmers James Lucero 2015 Wyoming Blvd NE Ste D, Albuquerque, NM, 87112
Liberty Mutual Independent Justice Insurance Specialists 211 S MAIN ST, BELEN, NM, 87002

Albuquerque, NM Home Insurance Agents for Top Companies


Albuquerque, NM Auto & Homeowners Insurance Bundling Discounts

Place 1 Car Bundle Savings On Insurance 2 Car Bundle Savings On Insurance 3 Car Bundle Savings On Insurance
Bernalillo County, New Mexico $87 $116 $174
Los Ranchos de Albuquerque village, New Mexico $97 $129 $193
South Valley CDP, New Mexico $85 $113 $170


Albuquerque, NM Area Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Albuquerque, NM4.3%15.3%
Bernalillo County4.24%15.39%
Los Ranchos de Albuquerque3.29%13.18%
South Valley4.94%18.28%

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

Cost Of Homeowners Insurance By Street Near Albuquerque, NM

Streets in Albuquerque Area Homeowners Insurance Cost
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

Albuquerque, NM Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Albuquerque$104 to $106
Bernalillo County$104
Los Ranchos de Albuquerque$115
South Valley$102

Albuquerque, NM Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Yearly Albuquerque Homeowner Insurance Premium Example $1,000$600
Out of Pocket Expense During Claim$900$2,900
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim $8,900$7,700
Net Savings to Albuquerque Home Owner from High Deductible Plan $1,200


Albuquerque, NM Home Insurance Costs With Home Replacement Value Scenarios

Scenario Albuquerque, NM Home Replacement Value MORE than Home Value Albuquerque, NM Home Replacement Value LESS than Home Value
Replacement Value $166,500 $97,000
Insurance Premium based on Replacement Value $900 $525
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $36,000 Risk Exposure from Under Insuring Coverage is $33,500
Premium Impact Insurance cheaper by $175/year Insurance costlier by $200/year


Example Albuquerque Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company GEICO InsuranceTravelersAmica Mutual Insurance Company
Monthly Premium 564386
Year Built 200719611971
Home Details 3 Beds, 1 Baths4 Beds, 1 Baths5 Beds, 3 Baths
Coverage Amount $150000-$175000$150000-$175000$350000-$400000
Deductible $2500-$5000 Deductible$2500-$5000 Deductible> $10,000 Deductible