Rio Rancho ,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 Rio Rancho, 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 Rio Rancho, NM is $1766. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Rio Rancho, NM. VHome Insurance will help you navigate the world of homeowners insurance coverages in Rio Rancho, NM.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $706 |
| $200,000 | $1,201 |
| $300,000 | $1,483 |
| $400,000 | $2,260 |
| $500,000 | $2,843 |
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 Rio Rancho, NM, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,811 |
| $1000 Deductible | $1,619 |
| $1500 Deductible | $1,528 |
| $2500 Deductible | $1,377 |
| $5000 Deductible | $1,166 |
| Home Insurance Company Near Rio Rancho, NM | Homeowners Insurance Agency Near Rio Rancho, NM | Address |
|---|---|---|
| NA | J B Martin Insurance Agency | 8500 Menaul Ne Ste B 345 Albuquerque, ABQ, NM, 87112 |
| Farmers | April Garcia Csd Csg Csp | 322 Louisiana Blvd NE, Albuquerque, NM, 87108 |
| State Farm | Brian Anastasio | 8625 Golf Course Road NW, Albuquerque, NM, 87114-5114 |
| Allstate | Rio Grande Insurance | 1231 S. Saint Francis Drive Suite A , Santa Fe, NM, 87505 |
| State Farm | Sam Sample | 3700 Osuna Rd NE Ste 514, Albuquerque, NM, 87109-4461 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Bernalillo town, New Mexico | $101 | $134 | $201 |
| Santa Ana Pueblo CDP, New Mexico | $98 | $131 | $197 |
| Placitas CDP (Sandoval County), New Mexico | $114 | $152 | $228 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Rio Rancho, NM | 4.2% | 15.7% |
| Bernalillo | 5.38% | 18.39% |
| Santa Ana Pueblo | 12.01% | 38.02% |
| Placitas | 3.3% | 12.41% |
| 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 |
| Streets in Rio Rancho Area | Homeowners Insurance Cost |
|---|---|
| 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 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Rio Rancho | $104 to $106 |
| Bernalillo | $100 |
| Santa Ana Pueblo | $98 |
| Placitas | $114 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $600 | $2,600 |
| Yearly Rio Rancho Homeowner Insurance Premium Example | $1,200 | $800 |
| Out of Pocket Expense During Claim | $600 | $2,600 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $10,200 | $9,000 |
| Net Savings to Rio Rancho Home Owner from High Deductible Plan | $1,200 | |
| Scenario | Rio Rancho, NM Home Replacement Value MORE than Home Value | Rio Rancho, NM Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $220,500 | $156,500 |
| Insurance Premium based on Replacement Value | $1,275 | $900 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $37,000 | Risk Exposure from Under Insuring Coverage is $27,000 |
| Premium Impact | Insurance cheaper by $150/year | Insurance costlier by $225/year |
| Insurance Company | Allstate | Amica Mutual Insurance Company | Liberty Mutual |
| Monthly Premium | 80 | 106 | 64 |
| Year Built | 2007 | 2013 | 1999 |
| Home Details | 3 Beds, 2 Baths | 4 Beds, 2 Baths | 5 Beds, 1 Baths |
| Coverage Amount | $250000-$300000 | $350000-$400000 | $200000-$250000 |
| Deductible | $2500-$5000 Deductible | $2500-$5000 Deductible | $2500-$5000 Deductible |