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Best cheap car insurance in El Paso for 2024

Updated May 13, 2024
Drivers looking for cheap car insurance in El Paso should consider getting quotes from Geico, Mercury and State Farm.
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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.

Best for savings

Bankrate Score

Rating: 4.4 stars out of 5
4.4

Avg. min coverage premium

$430

Min. coverage

Avg. full coverage premium

$1,603

Full coverage

Why Geico made our list: With a Bankrate Score of 4.4, Geico ranks among the best auto insurance carriers of 2024. A strong suite of digital tools and overall affordable rates for most drivers could make it a good choice for anyone looking for no-fuss auto insurance on a budget. In general, Geico scores well in customer satisfaction surveys, but it did score below the Texas average in the regional segment of the 2023 J.D. Power Auto Insurance Study.

Why Geico may be best for savings: Our research shows Geico is one of the most affordable options for local drivers, with an average annual rate of just $430 for minimum coverage in El Paso. While actual rates vary based on driver profile, Geico offers an extensive discount list for vehicle equipment, driver education and customer loyalty.

Scores and Ratings
Bankrate Score 4.4
J.D. Power 801/1,000
AM Best score A++
Read full review
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Best for high-value cars

Bankrate Score

Rating: 4.3 stars out of 5
4.3

Avg. min coverage premium

$830

Min. coverage

Avg. full coverage premium

$3,234

Full coverage

Why Chubb made our list: Let’s get it out of the way: if you’re looking for the cheapest auto coverage, Chubb may not be your best pick. But Chubb’s above-average rates pair with a serious commitment to quality coverage and excellent customer service, as reflected in the company’s 4.2 Bankrate Score. Chubb targets a high-income client base, including owners of collector cars, and offers 24/7 claims service across 54 countries.

Why Chubb may be best for high-value cars: Chubb’s Masterpiece auto insurance program is the company’s standout feature, with perks like guaranteed OEM coverage and rental reimbursement with no per-day limit (up to $15,000 total). Chubb also offers classic car coverage for vehicles at least 30 years old, with agreed value coverage and no mileage limit for hobby use.

Scores and Ratings
Bankrate Score 4.3
AM Best score A++
Read full review
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Best for local agents

Bankrate Score

Rating: 4.3 stars out of 5
4.3

Avg. min coverage premium

$471

Min. coverage

Avg. full coverage premium

$1,945

Full coverage

Why State Farm made our list: State Farm ranked in second place in Texas in J.D. Power’s 2023 U.S. Auto Insurance Study, reflecting its strong record for above-average customer service. The company's 4.4 Bankrate Score also speaks to its satisfied customers, who typically pay rates below the national average for car insurance. State Farm also scored well in both sections of the 2023 J.D. Power U.S. Insurance Digital Experience Study.

Why State Farm may be best for local agents: While its digital tools are among the industry's best, State Farm maintains an extensive base of local agents in El Paso. If you prefer to buy insurance from an individual agent in your area, State Farm might be an ideal fit.

Scores and Ratings
Bankrate Score 4.3
J.D. Power 838/1,000
AM Best score A++
Read full review
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Best for military-focused coverage

Bankrate Score

Rating: 4.2 stars out of 5
4.2

Avg. min coverage premium

$511

Min. coverage

Avg. full coverage premium

$1,904

Full coverage

Why USAA made our list: USAA stands out for below-average rates, strong customer satisfaction scores and unique coverage options tailored to members of the U.S. Armed Forces and veterans. Although its narrow eligibility criteria disqualified it for an official ranking in the 2023 J.D. Power U.S. Auto Insurance Study, it outranked every other carrier in Texas for customer satisfaction.

Why USAA may be best for military-focused coverage: USAA members are eligible for a wide range of discounts, coverage options and additional services that offer advantages over a standard auto insurance policy. Vehicle storage discounts, emergency deployment discounts and deployment assistance can simplify military life and lower costs for families during a deployment.

Scores and Ratings
Bankrate Score 4.2
J.D. Power 860/1,000
AM Best score A++
Read full review
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Best for usage-based insurance

Bankrate Score

Rating: 4 stars out of 5
4

Avg. min coverage premium

--

Min. coverage

Not available

Avg. full coverage premium

--

Full coverage

Not available

Why Nationwide made our list: Nationwide offers a wide range of auto insurance options, from extensive discounts to policy customization features like vanishing deductibles and accident forgiveness. Based on our research, Nationwide scores close to the industry average in most J.D. Power studies and typically offers average or below-average insurance premiums for most drivers.

Why Nationwide may be best for usage-based insurance: Nationwide offers two different usage-based insurance programs: SmartRide, which offers potential discounts based on safe driving habits tracked by a telematics app; and SmartMiles, a pay-per-mile insurance program that offers low monthly rates based on your driver profile and how much you actually drive.

Scores and Ratings
Bankrate Score 4
AM Best score A+
Read full review
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Bankrate logo

Bankrate's trusted insurance industry expertise

Read our full methodology

Finding the best cheap car insurance carrier is complicated — that’s why Bankrate’s insurance editorial team prioritized using real rates, expert third-party ratings and close research on company websites to identify the best companies for drivers in El Paso. Our team includes licensed insurance agents with combined decades of experience.

46

years of industry experience

122

carriers reviewed

34.5K

ZIP codes examined

1.2M

quotes analyzed

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.

Insurance company Average annual min coverage premium Average annual full coverage premium
$430
$1,625
$511
$1,904
$471
$1,945
$448
$1,978
$584
$2,027

How much is car insurance in El Paso, Texas?

On average, drivers in El Paso, Texas pay $2,336 per year for full coverage and $606 for state minimum coverage. By comparison, the Texas state average is $2,445 per year for full coverage, and the national average rate is $2,299 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 159 percent more per year for full coverage than the average adult driver, and 210 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 $4,066, compared to $6,049 per year for a standalone policy.

Coverage type
Insurance company 16-year-old* 18-year-old*
$1,009
$897
$1,072
$962
$1,115
$801
$1,140
$983
$1,410
$927
*Annual rates were determined by adding a 16- or 18-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy.
Insurance company 16-year-old* 18-year-old*
$3,456
$3,145
$3,550
$3,147
$3,581
$3,181
$3,744
$3,090
$4,228
$3,037
*Annual rates were determined by adding a 16- or 18-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ 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 $3,020 per year for full coverage, on average. That’s 26 percent more than a 35-year-old driver, but 24 percent less than a 21-year-old driver.

Coverage type
Insurance company 20-year-old 25-year-old
$848
$643
$958
$514
$995
$515
$1,096
$631
$1,602
$981
Insurance company 20-year-old 25-year-old
$2,962
$2,389
$3,483
$1,902
$3,619
$2,188
$4,055
$2,610
$5,110
$2,406

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 $2,519 per year, but you can expect to pay 15 percent less, on average, when you reach your 50s.

Coverage type
Insurance company 30-year-old 40-year-old 50-year-old
$433
$430
$416
$467
$471
$460
$488
$448
$435
$547
$511
$497
$577
$584
$546
Insurance company 30-year-old 40-year-old 50-year-old
$1,645
$1,625
$1,514
$2,000
$1,945
$1,827
$2,091
$1,904
$1,789
$2,194
$2,027
$1,916
$2,209
$1,978
$1,825

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.

Coverage type
Insurance company 60-year-old 70-year-old
$395
$493
$403
$498
$439
$464
$488
$615
$535
$632
Insurance company 60-year-old 70-year-old
$403
$1,623
$395
$1,872
$488
$1,968
$439
$1,807
$535
$2,127

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Advertising disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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 $2,336 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 $2,612 per year for full coverage and $679 per year for state minimum coverage in El Paso.

Insurance company Average min coverage rate Average full coverage rate
$473
$1,803
$535
$2,127
$576
$2,157
$623
$2,645
$628
$2,762

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 51 percent more for full coverage than the citywide average for drivers with clean records.

Insurance company Average min coverage rate Average full coverage rate
$585
$2,203
$606
$2,323
$854
$3,016
$913
$3,711
$918
$3,125

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 $964 per year for full coverage — 59 percent more than the citywide average.

Insurance company Average min coverage rate Average full coverage rate
$612
$2,574
$661
$2,309
$675
$2,376
$774
$2,797
$787
$2,792
Lightbulb

Minimum coverage requirements in El Paso

In Texas, all drivers must carry at least the following minimum car insurance:

  • $30,000 bodily injury liability per person
  • $60,000 bodily injury liability per accident
  • $25,000 property damage liability per accident

Your insurance company must also offer two additional forms of coverage: uninsured/underinsured motorist coverage and personal injury protection (PIP). Most insurance professionals recommend accepting this coverage, as it provides valuable financial protection in the event of an accident, but you can reject it in writing without violating Texas insurance laws.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
  • $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
To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2021 Toyota Camry, commute five days a week and drive 12,000 miles annually.
 
These are sample rates and should only be used for comparative purposes.
 

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.

5
Rating: 5 stars out of 5
Overall Score
  • Cost & ratings 50%
  • Coverage & savings 30%
  • Support 20%

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.

Written by
R.E. Hawley
Senior Writer, Insurance

R.E. Hawley is a senior writer for Bankrate. Prior to joining Bankrate’s insurance editorial team in 2024, they worked as senior writer for a popular car ownership and insurance comparison app, leading a team of over a dozen writers in creating customer-focused financial advice content on topics ranging from insurance to vehicle reliability and auto loan refinance. R.E. holds a personal lines insurance license in the state of New York.

Edited by Editor II, Insurance