Homeowners Insurance in Albuquerque, NM

For a home at Albuquerque's median value of $291,500, we estimate about $1,780 a year — +19% versus the New Mexico NAIC average of $1,490.

These are estimates, not quotes. Home figures are modeled from NAIC state averages, Census home values and FEMA hazard ratings for comparison only. We are not an insurance company or agency. How we estimate

Estimated homeowners insurance cost in Albuquerque

Est. premium

$1,780

$148/mo · median home

Median home value

$291,500

New Mexico: $248,100

Median year built

1982

Census ACS

Owner-occupied

61.8%

of households

Hazard score

89.4

state ref. 80.8

Albuquerque's estimate reflects its home values (17% higher than the state median) and FEMA's hazard profile for Bernalillo County.

Natural hazard risk in Albuquerque

FEMA National Risk Index — Bernalillo County
Hazard	Risk rating	Score (0–100)	Insurance impact
Hail	Relatively High	95.0	Comprehensive (car); roof claims (home)
Tornado	Relatively Low	56.1	Comprehensive; dwelling
Hurricane	Not rated	—	Comprehensive; wind/hurricane deductibles (home)
Inland (river) flooding	Relatively High	96.3	Comprehensive; home needs a separate flood policy
Coastal flooding	Not rated	—	Comprehensive; home needs a separate flood policy
Strong wind	Relatively Moderate	79.0	Comprehensive; dwelling
Winter weather	Very High	98.7	Collision (icy roads); frozen pipes (home)
Wildfire	Relatively Moderate	95.0	Comprehensive; dwelling
Earthquake	Relatively Moderate	97.7	Home needs a separate earthquake policy
Lightning	Very High	97.4	Fire and electrical damage

Scores are national percentiles of FEMA's county risk (higher means more expected loss than most other U.S. counties).

Estimated premium by home value in Albuquerque

Dwelling value	Wood frame	Brick / masonry
$200,000	$1,320	$1,215
$300,000	$1,825	$1,680
$500,000	$2,745	$2,525
$750,000	$3,795	$3,490

Home Insurance Estimator

Estimated annual premium

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Homeowners insurance by ZIP code in Albuquerque

ZIP	Median home value	Owner-occupied	Est. premium
87114	$333,400	69.2%	$1,985
87120	$300,600	79.1%	$1,825
87111	$379,500	61.3%	$2,200
87112	$281,400	63.1%	$1,735
87110	$273,900	60.9%	$1,695
87109	$325,800	53.4%	$1,950
87108	$243,200	37.5%	$1,540
87107	$311,800	65.6%	$1,880
87106	$354,200	38.5%	$2,085
87102	$197,300	35.4%	$1,305
87113	$385,200	71.2%	$2,225
87104	$362,500	65.3%	$2,120

Homeowners insurance in New Mexico · Car insurance in Albuquerque · Insurance offices near Albuquerque

Frequently asked questions

How much is homeowners insurance in Albuquerque?

For a home at Albuquerque's median value of $291,500, we estimate about $1,780 a year for a standard HO-3 policy with a $1,000 deductible. The New Mexico NAIC average is $1,490.

What are the biggest natural hazards in Albuquerque?

FEMA's National Risk Index rates Bernalillo County relatively high or very high for hail, inland (river) flooding, winter weather, and lightning.

Does the age of homes in Albuquerque affect insurance?

Yes. The median home in Albuquerque was built in 1982 (Census ACS). Older roofs, wiring and plumbing can raise premiums or require inspections, while updates often earn discounts.

How we estimate this

We start from the NAIC average homeowners (HO-3) premium for New Mexico, scale it by the ratio of the dwelling value to the state median home value, adjust for construction type and deductible, and apply a hazard factor from FEMA National Risk Index scores for Bernalillo County relative to the state. Results are rounded estimates, not quotes. Read the full methodology.

Sources used on this page