Cheapest car insurance companies in Elko 

According to a study by Insurance.com, the cheapest car insurance companies in Elko for 2023 are State Farm and Geico

In Elko, State Farm provides the cheapest auto insurance rates to drivers at an average annual premium of $1,074 annually

In Elko, what you pay for car insurance depends on factors such as your location, driving history, coverage level, and the insurance carrier. Take time to compare price quotes from at least three insurers to get the best coverage at an affordable rate. The table below shows the car insurance companies with cheap insurance rates. 

CompaniesAverage 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 

The cheapest auto insurance company in Elko for teen drivers is State Farm. For full coverage, its average annual rate for Elko drivers is $2,950. Insurance companies put teenagers in the category of high-risk drivers, and as a result, they are charged higher rates for insurance. 

However, teen drivers who maintain good grades or stay on their parent's policy can qualify for significant insurance discounts.

For young drivers in Elko, State Farm has the cheapest auto insurance rates, with an average annual cost of $1,730 annually

As Elko drivers transition into their 30s, they can enjoy significantly lower auto insurance costs compared to their 20s. State Farm stands out as the cheapest car insurance option for adult drivers, with an annual premium of $1,081

State Farm is the cheapest option for senior drivers in Elko, with an average premium of $1,051 a year, significantly lower than most competitors, based on Insurance.com's in-depth data analysis. 

CompanyTeensYoung AdultsAdultsSeniors
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$7,464N/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's a list of car insurance companies that offer cheap insurance rates in Elko based on driver profile. 

Geico is the cheapest car insurance option for drivers with poor credit. Its average annual auto insurance cost for Elko drivers is $1,208

Drivers with poor or bad credit scores in Elko can consider the following car insurance companies to get the affordable car insurance coverage. 

CompanyAverage 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

State Farm offers the cheapest auto insurance rates for drivers with a speeding ticket in Elko. It provides full coverage car insurance for drivers aged 30 at about $1,143 per year

Find the best car insurance company for your needs by comparing quotes from different carriers. Don't assume that the cheapest option for someone else will also be the cheapest for you. Take the time to shop around and get the coverage that best suits your needs. 

CompanyAverage 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

According to Insurance.com's analysis, State Farm tops the list of cheap car insurance providers in Elko for drivers involved in at-fault accidents, with an average annual cost of $1,224. After being in an at-fault accident, finding cheap car insurance rates might seem challenging, but by comparing quotes, you can find a policy that aligns with your budget. 

CompanyAverage 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

State Farm is the cheapest option for Elko drivers seeking affordable auto insurance rates after a DUI conviction, at an annual rate of $1,143, on average.

Following a DUI conviction, it's likely that your auto insurance premiums will increase. To get affordable premiums, compare car insurance quotes from various providers. Comparison shopping can help you find the best possible offer.

CompanyAverage 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 RatesState 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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