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Best cheap car insurance in Elko

West Wendover, Nevada
DenisTangneyJr/Getty Images
West Wendover, Nevada
DenisTangneyJr/Getty Images
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Drivers in Elko, Nevada, pay an annual average of $1,655 per year for full coverage car insurance. The average cost of minimum car insurance in Elko is $529 per year. Both of these average annual costs are slightly lower than the national average cost of car insurance, which is $1,674 per year for full coverage and $565 for minimum coverage

But while the average cost of auto insurance in Elko is lower than the national average, the county Elko is located in has also earned the dubious distinction of being one of three in Nevada with the most speeding-related fatalities. Because of this, finding the best cheap car insurance policy is important for Elko drivers. The company with the cheapest car insurance in Elko is Geico, according to Bankrate’s 2021 study of quoted annual premiums, followed by State Farm and Nationwide.

Best cheap car insurance companies in Elko

The best cheap car insurance companies in Elko are Geico, State Farm, Nationwide, USAA and American Family, according to Bankrate’s study of premium data from Quadrant Information Services. We also compared other company data, including third-party rankings, customer satisfaction scores, financial stability, available coverages and discount opportunities to calculate Bankrate Scores with a maximum of 5 points for each company. Drivers can use this information to assess and determine the best car insurance in Nevada and the cheapest car insurance in Nevada.

Insurance company Bankrate Score J.D. Power score* (Southwest Region) Average annual premium for full coverage Average annual premium for minimum coverage
Geico 4.7 829/1,000 $1,405 $433
State Farm 4.7 847/1,000 $1,457 $539
Nationwide 4.4 N/A $1,485 $501
USAA* 5.0 863/1,000 $1,488 $384
American Family 4.3 850/1,000 $1,911 $918

*Not officially ranked by J.D. Power due to eligibility restrictions


Geico offers the cheapest average car insurance rates for full and minimum coverage in Elko, with average costs of $1,405 and $433 per year, respectively. Geico also offers a large number of car insurance discounts, which can help to offset higher insurance premiums if you qualify. In addition to numerous coverage options, Geico also offers mechanical breakdown insurance, which can help make up for the out-of-pocket costs for repairs.

But while Geico has a slightly above average ranking in the J.D. Power Auto Claims Satisfaction Study, it earned a below-average J.D. Power ranking in the Southwest region for overall customer satisfaction.

Learn more: Geico Insurance review

State Farm

State Farm offers the second cheapest average rates in Elko for full coverage. State Farm also offers a robust slate of coverage options, which means that you have a good chance of finding the coverage you need, whether you are looking for emergency roadside assistance or need a policy for your rideshare work. Elko drivers who own their homes may be able to take advantage of State Farm’s home and auto bundle discount, as well as other discounts like Drive Safe & Save. Drivers who need insurance for sports cars can also get specialty coverage with State Farm. Plus, it has higher-than-average customer satisfaction rankings in both J.D. Power studies.

Learn more: State Farm Insurance review


The average full coverage rates from Nationwide aren’t as low as other providers on this list, but its average rates for minimum coverage are lower than the average for Elko. Nationwide emphasizes safe driving, so there are potentially several options to save money if you are a good driver. There is a small discount if you go at least five years without a claim, and the SmartRide program offers up to 10% off your premium rate for signing up and up to 25% savings if you show the company that you’re a careful driver. If you drive fewer miles than the average, you may also get more affordable rates by paying per mile with SmartMiles.

However, Nationwide was not ranked by J.D. Power for customer satisfaction in the Southwest region and ranked below average for auto claims satisfaction.

Learn more: Nationwide Insurance review


USAA membership is restricted to current and retired military members and their immediate families, which means that you can only obtain insurance through this provider if you have a qualifying affiliation with the military. However, average prices are competitive with USAA and a handful of discounts can help to keep your rate as low as possible. Plus, you will find some perks at USAA that are unusual. For example, you can save up to 60% on car insurance if you are deployed and need to store your car. If you garage your car on base, you can save even more.

USAA does not qualify for ranking with J.D. Power. However, J.D. Power awarded USAA the most customer satisfaction points of any provider in the Southwest region.

Learn more: USAA Insurance review

American Family

Elko drivers will find all the standard coverage options at AmFam, along with customization options such as roadside service, gap insurance and accidental death and dismemberment coverage. It offers numerous ways to save money on your policy, including some less common discounts — such as the potential to get a discount if you’re under 25 and complete 40 hours of volunteer work a year. American Family was also ranked as the top provider in the Southwest region by J.D. Power for customer satisfaction and ranked above average for auto claims satisfaction.

Learn more: American Family Insurance review

How to get and keep the cheapest car insurance in Elko

One of the best ways to get and keep the cheapest car insurance in Elko is to practice safe driving habits. Drivers who maintain clean driving records, avoid tickets and at-fault accidents typically get the most affordable rates. If you want to get and keep the cheapest car insurance in Elko, you can also:

  • Shop around for quotes: To obtain the cheapest car insurance, Elko drivers should consider shopping around and comparing quotes. By comparing quotes, you can easily weigh which policy and company is the most affordable for your needs.
  • Practice safe driving habits: Insurance rates can increase after you’re convicted of a traffic ticket or another type of driving infraction, so it’s important to continue practicing safe driving habits after you obtain your insurance policy. You can also use your safe driving habits to earn discounts. For example, many insurance providers offer telemetrics programs, like USAA’s SafePilot program, which track your driving habits and offer discounts based on how safe you drive.

Frequently asked questions


Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. 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 2019 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 Score

Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for drivers to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support.

To determine how well the best car insurance companies satisfy these priorities, third-party agency ratings from J.D. Power, AM Best, S&P, NAIC, and Moodys had the most impact on the companies’ Bankrate Scores. As price is a common consideration for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2019 Toyota Camry. This profile, assessed across more than 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider.

While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.

Written by
Mandy Sleight
Insurance Contributor
Mandy Sleight has been a licensed insurance agent since 2005. She has three years of experience writing for insurance websites such as Bankrate, MoneyGeek and The Simple Dollar. Mandy writes about auto, homeowners, renters, life insurance, disability and supplemental insurance products.
Edited by
Insurance Editor