El Dorado, AR Car Insurance

El Dorado drivers pay, on average, around $51 a month for their car insurance. Read our guide below to learn more about your specific rates.
Are rates in El Dorado higher or lower than those in neighboring areas? How do they compare to the rest of Arkansas? How much can residents of El Dorado expect to pay for their car insurance? You can see the cost breakdowns and contributing factors in the charts and writeups below:  

How much is car insurance in El Dorado?

Area Average Monthly Car Insurance Premium
El Dorado$51
AR$64
United States$81

Based on the chart above, you can see that it's about $13 a month cheaper to insure your vehicle in El Dorado than it is in the rest of Arkansas.

Likewise, car insurance rates in El Dorado are more affordable than the national average. The average monthly payment for the United States as a whole is about $30 more expensive than in El Dorado.

Although these are the average rates for auto insurance in El Dorado, that doesn't mean it's exactly what you'll pay. Insurance companies take in a number of factors when deciding what amount to charge you for insuring your vehicle. Things like gender, vehicle make and model, driving record, age and, in some areas, credit score can all affect the bill you'll see each month.

But don't worry, we've broken down the average rate for El Dorado residents based on several different factors so that you can get a more accurate idea of the bill you'll see each month. And if you're not sure that you're paying the lowest option, simply enter your ZIP Code below and find out!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$72
25-34$50
35-44$54
45-54Not Enough Data
55-64$43
65+$43

The older you are, the more experience you're likely to have behind the wheel, right? That experience can really work in your favor when factored into your car insurance rates. According to the table above, you can see that 18-24-year-olds pay $29 more than someone who is at retirement age.

You can expect to see your monthly premium drop about once a decade or so. Drivers in El Dorado may see their rates begin to increase again once they hit retirement age.

Average Car Insurance Rates by Gender

Gender Average
Male$53
Female$51

In general, car insurance rates for women are usually cheaper than they are for men. In El Dorado, although women do pay slightly less on their monthly auto insurance coverage, the cost is about the same for either group.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$53
Multiple Accidents$54
1 Ticket$74
Multiple Tickets$74

Rates can change drastically depending on your driving record. Drivers with clean records will pay much lower rates than those with accidents or violations. In El Dorado, a driving record with a single accident will usually get you a rate around $53 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $74.

Accidents, tickets, and other driving infractions can really hurt your wallet. So, if cheap car insurance is something you're after, drive safely and keep a clean record.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 Year$34
2-3 Years$38
4-5 Years$47
6-7 Years$50
8-10 Years$52
11-14 Years$53
15 Years or Older$51

According to the first table above, SUVs are by and large the cheapest vehicles to insure in El Dorado, with drivers paying around $50 per month for insurance coverage.

Truck and van drivers will see rates of about $54 for auto insurance, while car owners typically pay around $52 per month.

Depending on how old your vehicle is, you can also expect to see slightly different rates. Generally, newer vehicles are going to cost the most to insure. Once your car is a few years old, however, you may see your bill start to shrink a bit. The most expensive vehicles to insure in El Dorado are vehicles eleven-to-fourteen years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$54
Married$53
Divorced$43

Generally speaking, people who are married will pay slightly less to insure their vehicle. This usually boils down to owners having multiple vehicles on the same policy, something some companies will reward with discounts.

Despite married couples normally paying less than single drivers for auto insurance, the rates for both groups in El Dorado are on par with each other.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$56
Rent$50
Live with parents$76

Your housing situation is another component of how insurance companies calculate your monthly rate. If you rent your home or apartment, expect to pay around $6 less than homeowners in El Dorado. But those who live at home with their parents can expect to pay significantly more.

If you bundle your home or rental insurance and auto insurance policies, you can oftentimes reduce your average costs, depending on your insurance company.

Car Insurance Companies in El Dorado, AR

Recent trends in car insurance for El Dorado drivers

The average rates for car insurance are constantly changing, so it's a good idea to know the recent trends in your area when deciding when and where to shop.

The cost of car insurance in El Dorado decreased from 2017-2018, before steadying out in 2019. Rates finished up in 2022, at $60 a month

How does El Dorado compare to neighboring areas?

Why are car insurance rates in El Dorado different from other areas?

Car insurance companies look at many factors when they're deciding how much to charge for a policy. The specifics of where you park your car will have an impact on your personal policy. This might include things like:

  • Access to off-street parking
  • Laws
  • Area crime rates
  • Amount of drivers in the area
  • Frequency of car accidents

You'll be hard pressed to change any of these factors yourself, but they're worth considering when thinking about the purchase of a new policy or a move. Different cities and towns will each have different rates, so guides like these are a handy way to get started.

How can I find the cheapest car insurance in El Dorado?

Equipping yourself with information about the average costs for drivers in your area will better prepare you for the real deal. The only way to know for sure what your rate will be is by asking for a quote from car insurance companies.

Fortunately, Compare.com has you covered. Just put in your ZIP below, answer a few questions, and you'll be comparing the cheapest quotes from several of the car insurance companies providing auto coverage in El Dorado in no time.

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El Dorado Insurance FAQs

What factors affect car insurance quotes in El Dorado?

Quotes are calculated by car insurance companies who take multiple factors into consideration, including things you can't control like your gender and age, but also factors like your marital status, credit score, address, and driving record.

Why is the cost of car insurance in El Dorado different from other neighboring cities?

Crime rates, local laws, and parking situations -- all of which can change from city to city -- play a large role in the rates that car insurance companies may charge for coverage.

Which car insurance company will offer me the cheapest rate in El Dorado?

There isn't one company that will offer the cheapest rate to everybody. What companies will charge you are based on many different factors that vary from person to person, such as your driving record, what kind of car you drive, how many drivers will be on your policy, and a number of other factors. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once. That way, you can be confident you're getting the best price.

Do I need to change my insurance if I move to El Dorado?

Whenever you relocate or experience another major life event, such as finding a new job or getting married, you should consider revisiting your current insurance policy. Using services like Compare.com to compare quotes from multiple companies at once is a great way to make sure you're getting the cheapest rate for your new location.

Do I need to wait for my policy to expire to switch to a different car insurance company?

No. Regardless of how much time is left on your current policy, you can switch companies at any time. So, whether you're considering moving to El Dorado or just curious if you're getting the best rates, why not take 10 minutes and see if Compare.com can save you some extra cash?

Find your best rate in just a few minutes