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.

CompaniesAverage 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
Data refreshed as of May 2024
Read our full methodology

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.

CompanyTeensYoung AdultsAdultsSeniors
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
Data refreshed as of May 2024
Read our full methodology

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. 

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.

CompanyAverage 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
Data refreshed as of May 2024
Read our full methodology

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. 

CompanyAverage 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
Data refreshed as of May 2024
Read our full methodology

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.

CompanyAverage 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
Data refreshed as of May 2024
Read our full methodology

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. 

CompanyAverage 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
Data refreshed as of May 2024
Read our full methodology

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 RatesState minimum average
$2,107$400
Data refreshed as of May 2024
Read our full methodology

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.