Cheap Auto Insurance in Elko, Nevada

Cheap Auto Insurance in Elko, Nevada

Find Cheap Auto Insurance Quotes in Elko, Nevada

Currently insured?

The average cost of car insurance in Elko, Nevada, is $650 per year for minimum coverage and $2,203 per year for full coverage.

That makes Elko's rates significantly lower than the Nevada average. Across the state, minimum coverage costs $1,032 per year and full coverage costs $3,061 per year. Elko's average annual premiums are 28% and 37% cheaper, respectively.

However, Elko drivers can lower their rates even more by shopping around. State Farm offers the best deal in most cases. At State Farm, a minimum coverage policy costs just $341 per year and a full coverage policy costs $1,029 per year.

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Shopping around can save you hundreds or even thousands of dollars. We found that the difference between the most expensive insurer and the least is $517 for minimum coverage and $2,389 for full coverage. Sticking with the same insurer might be easier, but you could forfeit a significant amount of savings.


Cheapest auto insurance in Elko: State Farm

Elko drivers looking for the absolute cheapest insurance should get quotes from State Farm, Progressive and American Family. Together, these three insurers charge an average rate of $488 per year for minimum coverage, which is 25% cheaper than the city average.

USAA is also an affordable option, charging just $546 per year for minimum coverage. However, it is only available to those who have served in the armed forces and other qualifying family members.

The graph shows which companies are the cheapest for car insurance in Elko, Nevada

Find Cheap Auto Insurance Quotes in Elko

Currently insured?

Bear in mind that you get what you pay for with a minimum coverage policy. These policies help pay for the other driver's injuries or damage but not for your own. So if your car gets damaged in an accident, or is stolen or vandalized, you'll be responsible for any repairs or replacement costs.

icon of car

Drivers of new or expensive cars will benefit from the added protection included in a full coverage policy. If your car is worth more than $3,000 or is less than 10 years old, we recommend investing in full coverage.

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Rank
Company
Average annual rate
1State Farm$341
2Progressive$534
3American Family$589
4Farmers$684
5Allstate$807
6AAA$841
7Geico$858
N/AUSAA*$546

*USAA is not ranked because only military members (current and former) and their families are eligible.

Cheapest full coverage car insurance in Elko: State Farm

State Farm and Progressive have the best rates for full coverage in Elko. State Farm charges $1,029 per year for full coverage and Progressive charges $1,363 — 53% and 38% less than the city average, respectively.

Note that AAA, the most expensive insurer, charges more than triple what State Farm charges for the same coverage. Large differences like this show why it's so important to compare before purchasing auto insurance.

Rank
Company
Average annual rate
1State Farm$1,029
2Progressive$1,363
3American Family$2,043
4Geico$2,301
5Farmers$2,729
6Allstate$3,054
7AAA$3,418
N/AUSAA*$1,686

*USAA is only available to current and former military members and their families.

Full coverage costs more because it includes comprehensive and collision insurance — two coverages that protect your own car. Depending on your insurer, your rates can go up by 155% to 306%.

Comprehensive

Covers damage due to off-road incidents like theft, weather damage or vandalism.

Collision

Covers damage that results from an accident, regardless of who was at fault.

Cheap car insurance for drivers with prior incidents

Insurers base your rates on how likely you are to make a claim — and past incidents on your driving record suggest that you're more likely to make a claim in the future. If your driving record changes, be sure to shop around. Insurance companies treat incidents differently, with some raising rates more than others for incidents like a DUI, a speeding ticket or an at-fault accident.

We identified the cheapest car insurance for Elko drivers who have:

Cheapest car insurance in Elko after an accident: State Farm

After an at-fault accident, State Farm has the best rates for Elko drivers. All the other insurers in our study charge more than $2,000 per year for full coverage after an at-fault accident, but State Farm charges just $1,217. That's only $188 more per year, or $16 more each month, than the company charges drivers with a clean record.

To put that in perspective: Accidents raise rates by 54%, or $1,181 per year, on average in Elko. While no one likes to experience a rate increase, State Farm's increase is comparatively affordable.

Rank
Company
Rate before accident
Rate after accident
Difference
1State Farm$1,029$1,217$188
2Progressive$1,363$2,128$765
3Geico$2,301$3,732$1,431
4American Family$2,043$3,737$1,694
5Farmers$2,729$3,881$1,152
6Allstate$3,054$4,173$1,119
7AAA$3,418$5,937$2,519
N/AUSAA*$1,686$2,264$578

*USAA is not ranked because only military members (current and former) and their families are eligible.


Cheapest car insurance for drivers with a speeding ticket: State Farm

Speeding tickets impact Elko drivers the least, of the three incidents ValuePenguin analyzed. Annual premiums go up by $518, from $2,203 per year to $2,721 per year. That's far less than the increase for an at-fault accident ($1,181 per year) or a DUI citation ($1,300).

State Farm also has the most affordable rates after a speeding ticket. At $1,123 per year for full coverage after a speeding ticket, State Farm's rates are 59% cheaper than the city average.

Progressive, the second-cheapest option, charges $1,812. That breaks down to $689 more than State Farm per year, or $57 more per month.

Rank
Company
Average annual rate
1State Farm$1,123
2Progressive$1,812
3American Family$2,430
4Geico$3,078
5Allstate$3,408
6Farmers$3,529
7AAA$4,419
N/AUSAA*$1,972

*USAA is not ranked because only military members (current and former) and their families are eligible.


Cheapest car insurance for drivers with a DUI: State Farm

Driving under the influence (DUI) causes rates to skyrocket for Elko drivers. Annual premiums across the insurers in our study average $3,503 per year for full coverage after a DUI — an increase of 59%.

Unlike the other insurers in our study, State Farm treats a DUI as equivalent to a speeding ticket. Annual premiums are the same after both offenses — $1,123 per year — making State Farm the most affordable insurer for Elko drivers with a DUI on their record by a significant margin.

Get a quote from Progressive as well if you've recently received a DUI citation. While the company charges $817 more per year than State Farm, it's far cheaper than the other insurers in our study. With the exception of USAA, all the other companies we looked at charge $4,000 or more after a DUI.

Rank
Company
Average annual rate
1State Farm$1,123
2Progressive$1,940
3American Family$4,002
4Farmers$4,163
5Allstate$4,183
6Geico$4,633
7AAA$4,709
N/AUSAA*$3,269

*USAA is not ranked because only military members (current and former) and their families are eligible.


Cheapest car insurance for drivers with poor credit: State Farm

Your credit score also impacts the rates that car insurance companies charge you. Most companies view a low credit score as a sign that you're riskier to cover and raise your rates to account for that risk. In Elko, drivers with very good credit pay $1,553 per year on average for full coverage, drivers with average credit pay $1,829 per year and drivers with poor credit pay $2,627 per year.

If you're an Elko driver looking to mitigate the impact your credit score has on your rates, get a quote from State Farm. Premiums from State Farm average $1,559 per year, making them 41% cheaper than the city average for drivers with poor credit.

Rates go up by 44% in Elko if you have poor credit. Geico raises rates the least, increasing annual premiums by 29%. And despite being the most expensive insurer overall, AAA also imposes a relatively small rate increase for drivers with poor credit, raising premiums just a little more than Geico.

Rank
Company
Average annual rate
1State Farm$1,559
2Progressive$1,706
3Geico$2,393
4American Family$2,527
5Farmers$2,729
6Allstate$3,209
7AAA$4,258
N/AUSAA*$2,635

*USAA is not ranked because only military members (current and former) and their families are eligible.


Cheapest car insurance for young drivers: State Farm

Teen drivers who take out their own insurance policy will pay much higher rates than adult drivers. Because they have less experience on the road, young drivers get into more accidents and require their insurers to pay out more claims. This increased risk causes insurers to increase rates.

State Farm has the best rates for young Elko drivers as well. The average cost of full coverage for our sample 18-year-old driver was $6,863, but a policy from State Farm costs 54% less — just $3,148 per year.

Geico, the second-cheapest option, is over $2,000 more expensive than State Farm, costing $5,254 per year. The best way for teen drivers to mitigate these high rates is to stay on their parents' policy for as long as possible. Asking about discounts can also help get premiums down.

Rank
Insurer
Average annual rate
1State Farm$3,148
2Geico$5,254
3Progressive$6,045
4Farmers$6,474
5AAA$7,747
6Allstate$10,803
7American Family$11,387
N/AUSAA*$4,046

*USAA is not ranked because only military members (current and former) and their families are eligible.


Elko car insurance companies with the best customer service

In addition to affordable rates, top insurers will offer you quality customer service. That means reliable claim processing should an incident occur, as well as features like mobile apps and 24/7 roadside assistance.

A national survey conducted by ValuePenguin found that, of the Nevada auto insurers in this study, USAA, American Family and State Farm had the highest percentage of policyholders who said they were "extremely satisfied" with their most recent claim experience.

For more detail about the customer service reputations of these insurers, check out our analysis of the best cheap car insurance in Nevada.


Auto theft statistics in Elko

Out of all the Nevada cities for which the FBI collected crime data in 2019, Elko was tied with Sparks, Nevada for the fourth-highest rate of auto theft. For every 1,000 residents, approximately 3.5 cars were stolen. Only Las Vegas, North Las Vegas and Reno reported higher rates of theft.

Rank
City
Population
Car thefts
Thefts per 1,000
1Reno254,3491,1794.6
2North Las Vegas249,8541,1134.5
3Las Vegas1,666,8037,3114.4
4Sparks106,0103763.5
4Elko20,601733.5
Show All Rows

Motor vehicle theft data was pulled from the FBI 2019 Nevada crime report.

Methodology

For this study, ValuePenguin gathered thousands of quotes from ZIP codes across Nevada. Our driver was a 30-year-old man who drives a 2015 Honda Civic EX and has average credit. Unless otherwise noted, he had the following limits on a full coverage policy:

Coverage type
Study limits
Bodily injury liability$50,000 per person/$100,000 per accident
Personal injury protection$10,000
Property damage liability$25,000 per accident
Uninsured/underinsured motorist bodily injury$50,000 per person/$100,000 per accident
Comprehensive and collision$500 deductible

Rate data was sourced from public insurer filings and collected by Quadrant Information Services. Your own rates will likely be different, so use these rates for comparative purposes only.

Source: FBI 2019 Nevada crime report

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.