Cheapest car insurance companies in Elko
State Farm and Geico offer the cheapest car insurance rates in Elko for 2023, according to a study by Insurance.com.
The car insurance company in Elko that provides the cheapest car insurance premiums is State Farm, with an average annual rate of $1,074 .
The cost of car insurance in Elko varies depending on your ZIP code, driving history, coverage level, and carrier. To maximize your chances of finding a great deal, it's recommended to compare quotes from multiple carriers.
Here’s a list of insurance companies offering affordable premiums to drivers in Elko.
| Companies | Average annual rates |
|---|---|
| State Farm | $1,074 |
| Geico | $1,414 |
| Mercury Insurance | $1,471 |
| USAA | $1,475 |
| Travelers | $1,482 |
| Farmers | $1,965 |
| Progressive | $2,035 |
| American Family | $2,244 |
| Allstate | $2,248 |
Cheapest car insurance cost in Elko by Age Group
In Elko, State Farm is the cheapest car insurance company for teenagers, offering full coverage policies at $2,950 a year, on average. Teenagers often face higher car insurance rates due to statistical data indicating that they pose a greater risk on the roads.
Teenagers can lower their insurance costs by strategically utilizing the good student discount or remaining listed as a driver on their parent's policy.
When compared to other car insurance companies, State Farm turned out to be the cheapest car insurance company for young drivers in Elko, offering full coverage at an annual average cost of $1,730.
For Elko drivers entering their 30s, car insurance becomes significantly more affordable compared to their younger years. State Farm provides the cheapest car insurance premiums, offering full coverage policies at $1,081 annually.
Elko senior drivers seeking affordable car insurance should look no further than State Farm. It offers the cheapest car insurance rates for seniors, with an average annual premium of $1,051. It makes State Farm a good choice for seniors who want to save money without sacrificing coverage.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| State Farm | $2,950 | $1,730 | $1,081 | $1,051 |
| USAA | $4,669 | $2,324 | $1,506 | $1,537 |
| Geico | $4,719 | $1,933 | $1,414 | $1,397 |
| Travelers | $5,110 | $2,379 | $1,519 | $1,564 |
| American Family | $5,354 | $3,254 | $2,223 | $2,301 |
| Mercury Insurance | $6,784 | $3,204 | $1,537 | $1,647 |
| Allstate | $8,428 | $3,559 | $2,231 | $2,346 |
| Farmers | $9,039 | $3,456 | $1,856 | $2,076 |
| Progressive | $9,574 | $3,393 | $2,039 | $2,112 |
| CSAA Insurance (AAA) | $10,916 | $7,464 | N/A | $3,490 |
Cheapest car insurance companies in Elko by driver profile
Driver profile is one of the many factors that insurers take into account to determine car insurance premiums in Elko. Drivers with a history of accidents or traffic citations on their record can expect significantly higher costs than those with a clean driving record.
It's important to compare insurance quotes from at least three carriers to find the cheapest insurance company in Elko that suits your budget.
Here are some of the cheapest car insurance companies in Elko based on driver profile.
- Cheapest for a driver with poor credit: Geico
- Cheapest for a driver with a speeding ticket: State Farm
- Cheapest for accident: State Farm
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: Geico
The cheapest car insurance company for a driver with poor credit is Geico. It offers auto insurance for Elko drivers at about $1,208 per year.
Know which car insurance companies offer affordable car insurance for drivers with poor credit scores in Elko.
| Company | Average annual rates |
|---|---|
| Geico | $1,208 |
| Nationwide | $1,584 |
| Progressive | $1,906 |
| State Farm | $2,060 |
| Travelers | $2,150 |
| Farmers | $2,298 |
| USAA | $2,704 |
| Allstate | $3,298 |
Cheapest for drivers with a speeding ticket: State Farm
Based on recent data analysis, 30-year-old drivers in Elko with speeding tickets on their driving record can get the cheapest car insurance rates from State Farm at an annual cost of $1,143.
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 |
|---|---|
| State Farm | $1,143 |
| Nationwide | $1,354 |
| USAA | $1,531 |
| Progressive | $1,585 |
| Geico | $1,785 |
| Farmers | $1,989 |
| Travelers | $2,005 |
| Allstate | $2,309 |
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 Elko 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 $1,224 annually.
| Company | Average annual rates |
|---|---|
| State Farm | $1,224 |
| Nationwide | $1,803 |
| Geico | $1,829 |
| USAA | $1,990 |
| Progressive | $2,035 |
| Travelers | $2,042 |
| Farmers | $2,217 |
| Allstate | $2,922 |
Cheapest auto insurance after a DUI: State Farm
State Farm is the carrier that offers cheap auto insurance rates in Elko for drivers after a DUI. Its average annual rate for full coverage is $1,143.
A DUI conviction typically leads to a rise in your auto insurance costs. But if you shop around and compare quotes from various insurers, you can find a good deal on your insurance premiums.
| Company | Average annual rates |
|---|---|
| State Farm | $1,143 |
| Progressive | $1,886 |
| Geico | $2,184 |
| Travelers | $2,518 |
| Farmers | $2,545 |
| Nationwide | $2,587 |
| USAA | $2,598 |
| Allstate | $3,316 |
Average car insurance cost in Elko
Full coverage car insurance in Elko for a coverage limit of 100/300/100 is $1,712 per year or $143 per month, while the state minimum coverage costs an average of $506 a year.
Full coverage car insurance may cost more than the state minimum, but it offers valuable protection beyond just covering damage to other drivers' vehicles. Unlike state minimum, full coverage includes damage to your vehicle in addition to liability coverage.
You can potentially lower your full coverage premium by comparing quotes from different carriers. It allows you to find the best coverage at a competitive price.
| Average annual Rates | State minimum average |
|---|---|
| $1,712 | $506 |
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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