Needs and driving history determine insurance costs. Texas Farm Bureau has the cheapest minimum and full coverage in El Paso, plus the cheapest for seniors, military personnel, young drivers and after a speeding ticket.
Nationwide is the cheapest for teens, and Mercury with poor credit or after a DWI. After an at-fault accident, State Farm is the lowest.
MoneyGeek also researched the best auto insurance in El Paso with exceptional service at an affordable price.
Cheapest Car Insurance in El Paso, TX
Cheapest Minimum Coverage Car Insurance in El Paso
MoneyGeek found the following companies have, on average, the lowest-priced El Paso minimum coverage auto insurance policy:
- Texas Farm Bureau: $270 per year
- State Farm: $312 per year
At an annual cost of roughly $962, Dairyland has the highest minimum coverage insurance premium in El Paso of the companies MoneyGeek collected quotes from in 2023.
As of October 2022, the average cheapest car insurance company in Texas is State Farm, costing around $300 a year for minimum coverage. That is less than what State Farm charges in El Paso, demonstrating the significance geography plays in deciding auto insurance costs and which provider offers the best value.
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State law mandates the minimum liability insurance coverage a driver must have in Texas. The following coverage amounts are required for drivers in El Paso:
- $30,000 bodily injury liability per person
- $60,000 bodily injury liability per accident
- $25,000 property damage liability per accident
Minimum coverage insurance only covers third-party bodily injury liability and property damage.
As per Texas’ minimum insurance limits, in an at-fault accident, you can expect your insurance company to pay up to $25,000 in property damage, while any additional costs incurred must be paid by you.
Every Texas car insurer must offer uninsured/underinsured motorist (UM/UIM) coverage on a policy, and the policyholder can choose to reject it in writing. But, given the UM rate in Texas is over 8%, this coverage is worth having. UM/UIM covers the costs to repair your vehicle if you are hit by a driver who does not have insurance or who has coverage that is lower than what is needed to pay the total damages. It may also cover medical bills you and your passengers incur and other costs. Having UM/UIM also financially protects you from hit-and-runs. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute
Cheapest Full Coverage Car Insurance in El Paso
For full coverage insurance in El Paso, the following companies offer the average cheapest rate:
- Texas Farm Bureau: $662 per year
- State Farm: $692 per year
Dairyland is the most expensive, with an average full coverage premium of $1,867.
With a yearly premium of around $711, State Farm provides the cheapest full coverage auto insurance in Texas as of October 2022. That is higher than the rate quoted by Texas Farm Bureau in El Paso. Location is a crucial factor in deciding insurance prices.
A full coverage insurance policy includes liability as well as collision and comprehensive insurance:
- Collision insurance: Covers damage to your vehicle in the event of an at-fault collision with another car or a stationary object, such as a tree, fence or light pole. Collision also covers damage from rollover accidents.
- Comprehensive insurance: Damages caused by non-collision occurrences to your vehicle, including theft, fire, vandalism and natural disasters, are covered under comprehensive insurance.
Older cars may not benefit from full coverage insurance because the cost of the policy may be hundreds more a year for a vehicle that might not be worth much.
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Cheaper insurers could pocket you hundreds of dollars per year.
Cheapest Car Insurance in El Paso After a Driving Offense
On average, the most affordable full coverage auto insurance in El Paso after a moving violation is with the following:
- Speeding ticket: Texas Farm Bureau ($662 per year)
- At-fault accident: State Farm ($846 per year)
- DUI: Mercury ($1,085 per year)
The highest average annual quotes were from Chubb ($2,488) for drivers with a DWI (Texas does not have DUI), Dairyland ($2,283) for a speeding ticket and Foremost ($3,242) for drivers who caused an accident. No matter how inexpensive your insurance company is, you can count on seeing an increase in your premium after a driving violation and paying more than a safe driver’s rate.
A higher premium may be warranted based on the seriousness of a driving infraction. A driving while intoxicated (DWI) conviction in El Paso may cost a driver around $273 more per year in car insurance than a speeding ticket. Despite this, it is still possible to obtain affordable car insurance with a bad driving record.
An at-fault accident will cause your car insurance premium to increase, potentially for three years or more. If you have a clean motor vehicle record and want to avoid a premium increase if you get into an at-fault accident, include accident forgiveness on your car insurance policy. With this coverage, you won't pay more after your first at-fault accident, which will save you a great deal of money. You can add accident forgiveness to your policy with many companies or earn it for safe driving habits with some companies, such as GEICO. — Mark Friedlander, Director, Corporate Communications, Insurance Information Institute
Cheapest Car Insurance in El Paso for Teens and Their Families
In El Paso, on average, the most affordable insurers for teens added to their parents' full coverage policy are:
- Nationwide: $1,899 per year for female teens; $2,175 per year for male teens
- State Farm: $1,961 per year for female teens; $2,360 per year for male teens
Allstate's rates are the most expensive in El Paso, averaging $6,392 for teen females and $7,528 for males per year.
Furthermore, the cheapest, Nationwide, charges male teens around $276 more than females. Until early adulthood, males may cost more to insure than females because of the perceived higher risk they pose.
It is possible to uncover more affordable options for teen auto insurance by doing some comparison shopping.
Adding a teen driver to a parent's policy is more economical than purchasing them a policy, and in most cases, it is illegal for a teen under 18 to purchase an auto insurance policy without a parent or guardian as a co-signer. Taking El Paso as an example, the cost of a male teen's individual insurance policy is around $3,267 more than the cost when added to a parent's policy. By researching the cheapest rates for a teen auto insurance policy, you can save money.
Cheapest Car Insurance in El Paso for Military Drivers
In El Paso, active-duty military personnel, veterans and their families get the average cheapest full coverage auto insurance from the following companies:
- Texas Farm Bureau: $662 per year
- State Farm: $692 per year
The above prices and rankings apply to full coverage insurance policies. For minimum coverage, Texas Farm Bureau is still the cheapest choice, averaging $270 per year, while State Farm comes in second again, at an average annual cost of $312.
How to Compare Cheap El Paso Car Insurance Quotes Online
Comparing auto insurance quotes online in El Paso could be time-consuming and tedious. It may take up to 15 minutes for a single company to give you an insurance quote and you may be asked for a lot of personal information as part of the process. You can quickly estimate your auto insurance premium from numerous providers with the help of MoneyGeek's auto insurance calculator. Simply enter essential information, such as your age, car model, coverage needs and driving record.
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Cheapest Car Insurance in El Paso for Young Adults
The following companies, on average, offer the cheapest full coverage auto insurance for young drivers in El Paso:
- Texas Farm Bureau: $809 per year
- State Farm: $884 per year
The most expensive full coverage insurance policy is from Dairyland, with an average yearly premium of $2,286.
In El Paso, drivers in their mid-20s pay around $316 more annually for auto insurance than drivers in their 40s because they have less experience and higher accident frequency than more experienced drivers.
Cheapest Car Insurance in El Paso for Seniors
On average, these are the most affordable auto insurance providers for senior drivers in El Paso with full coverage:
- Texas Farm Bureau: $544 per year
- State Farm: $622 per year
Dairyland is the most expensive insurer for those 60+ with full coverage, charging about $1,659 annually.
Compared to drivers in their 40s, MoneyGeek found that seniors in their 60s in El Paso save around $58 on auto insurance annually, which isn't common. Beyond the age of 70, premiums typically rise as their risk factors increase for causing accidents.
Cheapest Car Insurance in El Paso for Poor Credit
The following insurers in El Paso, on average, offer the most affordable car insurance for those with bad credit and full coverage:
- Mercury: $1,195 per year
- Allstate: $1,311 per year
For people with poor credit, the yearly premium for State Farm full coverage auto insurance in El Paso is approximately $3,759, making it the most expensive.
Your insurance provider may consider your credit-based insurance score when determining your premium. In El Paso, drivers with poor credit may pay around $900 or 82% more than those with good credit for auto insurance.
Insurance companies frequently believe that individuals with bad credit are more likely to file claims. You can still get good insurance prices even if you have bad credit.
It may be possible to lower auto insurance costs using strategies like getting common insurer discounts, bundling insurance policies and comparing quotes from many providers. Plus, if you make an effort to improve your credit score — things you can do include making on-time payments and not maxing out your credit cards — your credit-based insurance score may increase, lowering the cost of auto insurance.
Cheapest Car Insurance in El Paso for Sports Cars
The average cheapest full coverage insurance for a sports car in El Paso is with the following companies:
- State Farm: $847 per year
- GEICO: $1,050 per year
Dairyland has the most expensive full coverage sports car insurance in the city, with a yearly premium averaging $1,965.
Insurance for sports cars can be higher than for other types of cars because of their greater maintenance and repair costs. For example, the cost of insuring a Ford Mustang sports car in El Paso is roughly $268 more a year or nearly 25% higher than insuring a standard Toyota Camry.
Despite the wide variation in sports cars, MoneyGeek used a Ford Mustang, but pricing can change with the make and model of a sports car. Plus, it's crucial to be aware that rates for sports cars, electric cars and luxury cars are frequently higher.
Average Cost of Car Insurance in El Paso
The average annual full coverage auto insurance rate in El Paso is $1,093, which is around $172 less than the national car insurance average cost of $1,265. These full coverage rates include bodily injury liability coverage of $100,000 per person and $300,000 per accident and property damage liability coverage of $100,000. While prices may vary greatly from one location to the next, on average, auto insurance in El Paso costs $108 less than the Texas auto insurance cost of $1,201 annually.
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