Cheapest car insurance companies in El Dorado
Nationwide and Travelers offer the cheapest car insurance rates in El Dorado for 2023, according to a study by Insurance.com.
In El Dorado, Nationwide provides the cheapest auto insurance rates to drivers at an average annual premium of $1,492 annually.
Car insurance costs may vary in El Dorado based on your location, driving record, coverage level and the insurance company you choose. Increase your chances of getting the best deal by comparing car insurance quotes from multiple carriers. The following companies are known to offer the cheapest auto insurance rates in El Dorado.
| Companies | Average annual rates |
|---|---|
| USAA | $1,165 |
| Nationwide | $1,492 |
| Travelers | $1,593 |
| Shelter Insurance | $1,654 |
| Geico | $1,924 |
| Southern Farm Bureau | $2,169 |
| State Farm | $2,229 |
| Farmers | $2,247 |
| Progressive | $2,517 |
| Allstate | $2,823 |
| Alfa Corporation | $3,369 |
Cheapest car insurance cost in El Dorado by Age Group
USAA is the cheapest option for car insurance in El Dorado for teen drivers, with average annual premiums at just $3,833 annually. Teenagers face high insurance costs due to inexperience and higher accident rates.
Getting lower rates isn't easy for young drivers, but they can take some steps to increase their chances of getting affordable insurance. Many insurance companies offer good student discounts to drivers who maintain a certain grade point average (GPA). Besides, teen drivers can lower premiums by staying on their parents' insurance.
When compared to other car insurance companies, USAA turned out to be the cheapest car insurance company for young drivers in El Dorado, offering full coverage at an annual average cost of $1,682.
An analysis of car insurance rates for El Dorado drivers reveal a significant decrease in premiums for individuals in their 30s compared to those in their 20s. USAA offers the cheapest full-coverage car insurance rates at $1,174 per year.
USAA tops the list in terms of affordability for senior drivers in El Dorado. With an average annual premium of $1,165, USAA offers senior drivers the cheapest car insurance rates, allowing them to enjoy peace of mind.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| USAA | $3,833 | $1,682 | $1,174 | $1,165 |
| Travelers | $4,155 | $2,404 | $1,615 | $1,543 |
| Southern Farm Bureau | $4,316 | $3,129 | $2,177 | $2,003 |
| Shelter Insurance | $5,007 | $3,039 | $1,715 | $1,543 |
| Nationwide | $5,133 | $2,550 | $1,464 | $1,402 |
| State Farm | $6,192 | $3,646 | $2,234 | $2,090 |
| Geico | $6,333 | $2,984 | $1,881 | $1,681 |
| Alfa Corporation | $6,568 | $4,368 | $3,169 | $3,076 |
| Farmers | $9,582 | $2,927 | $2,150 | $2,175 |
| Progressive | $10,673 | $3,901 | $2,549 | $2,357 |
| Allstate | $11,955 | $4,600 | $2,789 | $2,798 |
Cheapest car insurance companies in El Dorado by driver profile
Your driving profile plays an important role in determining your car insurance rates in El Dorado. Those with past accidents, speeding tickets, or other traffic citations on their record can expect increased insurance rates compared to drivers with clean driving records.
Comparison shopping is the key to getting the cheapest car insurance rates in El Dorado. By comparing rates from multiple providers, you ensure you're getting the coverage you need at an affordable price.
Here are some of the cheapest car insurance companies in El Dorado based on driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: USAA
- Cheapest for accident: State Farm
- Cheapest for DUI: Geico
Cheapest for a driver with poor credit: Geico
If you're a El Dorado driver with poor credit, Geico is the cheapest car insurance company for you, based on Insurance.com's in-depth data analysis. It offers a full-coverage car insurance policy at an average cost of $1,800 annually.
Know which car insurance companies offer affordable car insurance for drivers with poor credit scores in El Dorado.
| Company | Average annual rates |
|---|---|
| Geico | $1,800 |
| USAA | $2,129 |
| Nationwide | $2,188 |
| Farmers | $2,324 |
| Travelers | $2,532 |
| Progressive | $2,976 |
| Allstate | $3,620 |
| State Farm | $7,433 |
Cheapest for drivers with a speeding ticket: USAA
In El Dorado, USAA provides the cheapest car insurance premiums for drivers aged 30 with speeding tickets on their record at an annual cost of $1,410, on average.
Some companies are known for providing the cheapest car insurance rates, but finding the most affordable policy depends highly on individual factors.
Comparing quotes from various car insurance companies can prove beneficial for getting the best deal. With this, you can get the coverage you need at an affordable price.
| Company | Average annual premium |
|---|---|
| USAA | $1,410 |
| State Farm | $1,518 |
| Geico | $1,576 |
| Farmers | $2,039 |
| Travelers | $2,196 |
| Nationwide | $2,271 |
| Progressive | $2,409 |
| Allstate | $2,707 |
Cheapest auto insurance after an at-fault accident: State Farm
Looking for affordable car insurance rates after an at-fault accident? It can be a challenge, but with comparison shopping, you might find a policy that suits your budget.
Drivers in El Dorado with at-fault accidents on their driving records can find the cheapest car insurance rates with State Farm. Its full coverage policy costs an average of $1,616 annually.
| Company | Average annual rates |
|---|---|
| State Farm | $1,616 |
| USAA | $1,910 |
| Travelers | $2,127 |
| Geico | $2,208 |
| Farmers | $2,296 |
| Nationwide | $2,656 |
| Progressive | $3,236 |
| Allstate | $3,597 |
Cheapest auto insurance after a DUI: Geico
In El Dorado, Geico has the cheapest car insurance rates for individuals with DUI on their record. The company provides a full coverage policy at an average cost of $1,450 a year.
If you are convicted of a DUI, your auto insurance rates are likely to go up. To obtain the best possible offer, it is essential to compare car insurance quotes from multiple carriers.
| Company | Average annual rates |
|---|---|
| Geico | $1,450 |
| State Farm | $1,518 |
| USAA | $2,265 |
| Farmers | $2,390 |
| Progressive | $2,504 |
| Travelers | $2,623 |
| Allstate | $3,569 |
| Nationwide | $5,672 |
Average car insurance cost in El Dorado
In El Dorado, the annual cost of car insurance for the coverage level of 100/300/100 is $2,107 or around $176 per month. However, the average yearly rate for state minimum coverage in El Dorado is $400.
Full coverage insurance costs more than the state minimum, but it provides comprehensive coverage for your car and coverage for other driver’s vehicle. To reduce your premium, you might want to compare quotes from various insurance companies.
| Average annual Rates | State minimum average |
|---|---|
| $2,107 | $400 |
Methodology
Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:
- 40-year-old male driver
- Honda Accord LX
- 12-mile daily commute, 10,000 annual miles
- Good credit
- Clean record
While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.
Rates are based on coverage limits of:
- $100,000 bodily injury per person
- $300,000 bodily injury per accident
- $100,000 property damage per accident
- $500 comprehensive and collision deductible
Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.
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