Best cheap car insurance in El Paso for 2024

The best car insurance companies in El Paso

To find the best car insurance companies for drivers in El Paso, Bankrate’s insurance editorial team started by analyzing the latest rate data available from Quadrant Information Services. We also looked at customer satisfaction scores from J.D. Power’s 2023 auto insurance studies, financial strength ratings from AM Best and the breadth of coverage, discounts and benefits programs offered by each company. Each company was assigned a Bankrate Score on a five-point scale to quickly capture its strengths — and weaknesses — for drivers in Texas.

The cheapest car insurance companies in El Paso

According to our research, the three cheapest car insurance companies in El Paso for 2024 are Geico, Mercury and State Farm, with Geico customers paying just $36 per month for minimum coverage. To help broaden your search, we’ve included more cheap Texas auto insurers in the table below.

How much is car insurance in El Paso, Texas?

On average, drivers in El Paso, Texas pay $2,381 per year for full coverage and $631 for state minimum coverage. By comparison, the Texas state average is $2,492 per year for full coverage, and the national average rate is $2,458 per year. In other words, El Paso residents pay 4 percent less for car insurance, on average, than other Texans.

El Paso rates for teens

Teens in El Paso pay higher rates due to lack of driving experience and a statistically increased risk of accidents and insurance claims. An 18-year-old El Paso driver on their own policy pays 169 percent more per year for full coverage than the average adult driver, and 223 percent more for state minimum coverage. To avoid impractically high rates, it’s best for teen drivers to stay on a parent’s policy until they move to a separate permanent address. Average annual rates for an 18-year-old on a parent’s full coverage policy are just $4,188, compared to $6,396 per year for a standalone policy.

El Paso rates for young drivers

While rates tend to stabilize once drivers reach their 20s, young adults in El Paso still pay higher premiums for auto insurance compared to middle-aged adults. A 25-year-old El Paso driver pays $3,062 per year for full coverage, on average. That’s 26 percent more than a 35-year-old driver, but 25 percent less than a 21-year-old driver.

El Paso rates for adults

In adulthood, El Paso car insurance rates typically trend lower as long as drivers maintain a clean driving record. Average full coverage rates for a 30-year-old driver are $2,560 per year, but you can expect to pay 15 percent less, on average, when you reach your 50s.

El Paso rates for senior drivers

Seniors typically pay the lowest rates for auto insurance in El Paso, with 60-year-olds paying 10 percent less and 70-year-olds paying 4 percent less than the citywide average for adult drivers. But keep in mind that a few factors impact auto insurance rates for seniors: first, your individual driving record could raise or lower your rates, and second, seniors over age 70 may start to see rates climb again due to a higher chance of serious injury.

The cheapest car insurance in El Paso by driving record

Your individual driving record is one of the biggest rating factors that impact the cost of your car insurance in El Paso. While drivers with clean records pay an average of $2,381 per year for full coverage, your actual rates could be higher if you have a violation or at-fault accident record on your driving history, particularly if it’s from the last three to five years. Marks on your driving record indicate a higher risk of claims, so insurance companies charge more for these drivers.

Car insurance with a speeding ticket in El Paso

El Paso drivers with a Texas speeding ticket conviction pay 12 percent more for full coverage than drivers with clean records. On average, car insurance after a speeding ticket costs $2,657 per year for full coverage and $704 per year for state minimum coverage in El Paso.

Car insurance after an accident in El Paso

If you’ve been found at fault in an auto accident in El Paso, expect your rates to go up at your next policy renewal. According to our research, El Paso drivers with a single at-fault accident on their driving record pay approximately 52 percent more for full coverage than the citywide average for drivers with clean records.

Car insurance after a DUI in El Paso

A DUI is a serious moving violation that carries fines up to $2,000 and possible jail time up to 180 days for a first conviction. Multiple convictions can impose even greater penalties, including possible felony charges — and any conviction for driving while intoxicated (DWI) will raise your auto insurance rates. On average, El Paso drivers with a single DUI conviction pay $1,056 per year for full coverage — 67 percent more than the citywide average.

Frequently asked questions

Methodology

• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• $50,000 property damage liability per accident
• $100,000 uninsured motorist bodily injury per person
• $300,000 uninsured motorist bodily injury per accident
• $500 collision deductible
• $500 comprehensive deductible

Bankrate Scores

Our 2024 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.

Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlight where they fall short.