Albuquerque

If you are looking for car insurance in Albuquerque, you might want to compare the rates of Progressive and Geico, two of the most popular providers in the area. Progressive and Geico offer different coverage options, discounts, and customer service experiences, so it is important to weigh the pros and cons of each company before making a decision.

According to the latest data from The Zebra, an online insurance comparison platform, the average annual premium for Progressive in Albuquerque is $1,433, while the average annual premium for Geico is $1,189. This means that Geico is cheaper than Progressive by about $244 per year on average. However, this does not mean that Geico is always the best choice for every driver. Depending on your driving history, vehicle type, credit score, and other factors, you might find a better deal with Progressive.

Some of the factors that affect your insurance rate are:

- Driving record: If you have a clean driving record with no accidents or violations, you will likely pay less for insurance than someone who has a history of risky driving behavior. Progressive and Geico both offer accident forgiveness programs that can prevent your rate from increasing after your first at-fault accident, but they have different eligibility criteria and limitations.

- Vehicle type: The make, model, year, and safety features of your vehicle can influence your insurance rate. Generally, newer and more expensive vehicles cost more to insure than older and cheaper ones. Progressive and Geico both offer discounts for vehicles with anti-theft devices, anti-lock brakes, airbags, and other safety features.

- Credit score: Your credit score can affect your insurance rate in most states, including New Mexico. A higher credit score can indicate that you are more responsible and less likely to file a claim, which can lower your insurance rate. Progressive and Geico both use credit-based insurance scores to determine your rate, but they may weigh this factor differently.

- Discounts: Both Progressive and Geico offer various discounts that can help you save money on your insurance policy. Some of the common discounts include multi-policy, multi-vehicle, good student, military, defensive driving course, and online quote discounts. However, the availability and amount of these discounts may vary by state and company.

To find out which company offers the best rate for your specific situation, you should compare quotes from both Progressive and Geico online or over the phone. You can also use an independent agent or broker to help you compare rates from multiple providers. By comparing rates from different sources, you can ensure that you are getting the best value for your money.