Best cheap car insurance in Elko

DenisTangneyJr/Getty Images

There are 69,288 registered vehicles in Elko County and although Elko is one of the smaller cities in the state, the presence of interstate 80 has given the county the dubious distinction of being one of three counties in Nevada that has the most speeding-related fatalities. Because of this, a good insurance policy is important for Elko drivers.

The average cost of auto insurance in Elko is $529 for minimum coverage and $1,655 for full coverage, which includes collision and comprehensive. To find the best cheap car insurance, ask for car insurance quotes from several companies to find the best fit for your needs.

Best car insurance companies in Elko

To find the best car insurance Elko, we looked at the companies writing the most policies in the city. We looked for low premium rates, excellent customer service, financial stability and an extensive selection of endorsements and discounts. These five companies excelled in our research.

Insurance company J.D. Power customer satisfaction score Average annual premium for minimum coverage Average annual premium for full coverage
American Family 862/1,000 $592 $1,544
Geico 871/1,000 $306 $963
Nationwide 876/1,000 $322 $1,210
State Farm 881/1,000 $324 $1,160
USAA 890 /1000 $424 $1,337

American Family

American Family is in first place on J.D. Power’s regional Customer Satisfaction Index ranking for Nevada — which means your claims should be managed quickly and efficiently. Elko drivers will find all the standard coverage options at AmFam, along with customization options such as roadside service and accidental death and dismemberment coverage.

One place where AmFam excels is with its discounts. It has a long list of ways you can save money on your policy, including some that are unusual — such as a potential discount if you’re under 25 and complete 40 hours of volunteer work a year.


Industry leader Geico offers the lowest average premium costs of all our choices, at $306 for minimum and $963 for full coverage. If saving money is your primary goal, the company’s promise to save you “$500 or more in 15 minutes” may interest you.

Geico scores well with consumer watchdog agencies like J.D. Power. Even better, it offers a generous listing of discounts which can save you money on your premium if you are eligible.


Nationwide offers competitive rates for Elko drivers with the added benefit of some nice discounts that are unique to the company. 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.

State Farm

State Farms writes more policies in the U.S. than any other carrier. There are a number of reasons for its success. With a robust slate of coverage options, 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.

State Farm agents have an excellent reputation for customer service. If you prefer to do your insurance business online, State Farm’s website is state-of-the-art, allowing you to file and manage your claims and much more.


USAA sells policies only to those in the military, veterans and their eligible familiy members, but if you are in this demographic, USAA is a great first stop.

Because of its focus on the military, 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. Prices are competitive and a handful of discounts keeps your rates as low as possible.

Cheapest car insurance in Elko

Elko’s average car insurance rates — $529 for minimum and $1,655 for full coverage — are well below the averages for the state of Nevada as whole, which are $860 and $2,246. Elko’s rates are more in line with the U.S. national averages of $565 and $1,674. Nevada’s rates are high partly due to the traffic of Reno and Las Vegas, but Elko sees far less congestion, and thus less accidents.

The five companies with the cheapest car insurance Elko are as follows:

Insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Progressive $294 $962
Geico $306 $963
Nationwide $322 $1,210
State Farm $324 $1,160
USAA $424 $1,337

Four of these five also made it to our “best of” list above; Progressive only lost out because it does not score as high with J.D. Powers and its rank with the National Association of Insurance Commissioners complaint index is higher than average. Its low average rates, however, may make it the right choice for you.

Progressive and our other four picks all stand out for their low premium rates as well as the high number of discounts they offer, which may mean that your rates come in even lower than the average.

Elko insurance requirements

Like most states in the U.S., Nevada requires drivers to carry a minimum amount of liability insurance. Those minimums are often written as 25/50/20, which means:

  • $25,000 bodily injury liability: This is what your insurer will cover for injuries to a single person in an accident that you cause.
  • $50,000 total bodily injury liability: This is what your insurer will pay for all the injuries incurred in a single accident, if more than one person is injured.
  • $20,000 property damage liability: This is what your insurer will pay for damage to the other driver’s car or to structures such as a light post or mailbox that is damaged in the accident.

If you have a car loan or lease your car, you will probably also be required to carry collision and comprehensive insurance, which pays for damages to your own car in an accident. Some people also consider increasing your liability above the minimum to be well protected in the event of a serious accident.

Car insurance discounts in Elko

Almost all major insurers offer discounts to Nevada drivers — and many of them are easy to earn. Here are a few of the more common ones:

  • Billing: Paying your bill online and paying for the whole year with one payment may net you a discount.
  • Seniors: If you are over 50 and willing to take a defensive driving course, you might save on your premium.
  • Bundling: If you purchase all your policies, whether it is for multiple cars or a car plus homeowners insurance, from one company, you will likely save on both premiums.
  • Usage-based: Insurers are increasingly using telematics devices, which can be installed in your car, to collect real-time information on your driving habits. If you are a careful driver, you might save up to 20 or 25%.
  • Good students: If the young driver in your household has a “B” average or better, it might lower your premium cost.

Most discounts are in the 5-10% range, but usage-based discounts can be higher. If you are eligible for two or three discounts, you can easily make a significant dent in the amount you are paying for your policy.

Frequently asked questions

What is the best car insurance company?

Since every person’s needs are unique, the best car insurance company for you may not be the best one for your neighbor. It pays to do some research and request several quotes to find out who can write the cheapest policy for you.

How much does car insurance in Elko cost?

The average cost of car insurance Elko is $529 for minimum coverage and $1,655 for full coverage. Your own rates will be determined by a number of factors including the age and model of car you own, your credit rating and even your marital status.

How much car insurance do I need in Elko?

The minimum car insurance to drive legally in Elko is 25/50/20. Many insurance experts would recommend that you purchase additional liability coverage to be fully covered in case your accident is an expensive one. You may also want to consider optional coverages such as collision and comprehensive.


Bankrate utilizes Quadrant Information Services to analyze 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 coverages that meet each state’s requirements. Our sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should be used for comparative purposes only. Your quotes may be different.

Rates are determined based on 2021 Quadrant Information Services data.