Updated: November 22, 2024
Advertising & Editorial Disclosure
Protective is the best life insurance company in El Paso, Texas, with MoneyGeek scores of 91 for men and 92 for women and average monthly premiums of $37 and $25, respectively. These figures are based on a 20-year term policy with $500,000 coverage.
When choosing life insurance, consider various factors like your health, age and financial goals. Compare different options to find the best fit for your situation.
Why Trust MoneyGeek? We analyzed 1,488 life insurance quotes alongside customer satisfaction, financial stability reports, product offerings and more to determine the best life insurance companies in El Paso, Texas.
Coverage costs and company information for life insurance providers were updated in October 2024.
BestLife InsuranceEl Paso, TXBest Life Insurance Companies in El Paso
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the overall best life insurance companies:
This was done using the average profile with a 20-year term policy and $500K coverage.
Protective offers the best life insurance in El Paso, with MoneyGeek scores of 91 for men and 92 for women. The average monthly premiums are $37 for males and $25 for females.
Top providers for men:
Top providers for women:
Protective's high scores and competitive premiums make it an excellent choice for life insurance.
Protective is El Paso's top life insurance provider, with MoneyGeek scores of 91 for men and 92 for women and monthly premiums of $37 and $25, respectively.
Pros:
Cons:
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies:
Quotes gathered were for a $250K life insurance policy with a 10-year term.
For men seeking the best term life insurance in El Paso, Mutual of Omaha leads with a MoneyGeek score of 91 and an average monthly premium of $18. Women find their top choice with Protective, scoring 92 at $13 monthly. These companies offer robust financial stability and high customer satisfaction.
Top term life insurance companies for men:
Top term life insurance companies for women:
Term life insurance provides a death benefit to beneficiaries if the insured passes away during the policy term. For example, a parent might purchase a 20-year term policy to fund their child's education in case of an untimely death.
Mutual of Omaha is the top term life insurance provider for men in El Paso, with a MoneyGeek score of 91. Offering a monthly premium of $18, it ensures value without compromising quality.
Pros:
Cons: Nothing significant
Protective is the top choice for women seeking term life insurance in El Paso. With a MoneyGeek score of 92 and a monthly premium of $13, it's an exceptional choice for value and security.
Pros:
Cons: Nothing significant
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best whole life insurance companies:
We did not weigh affordability as we did not collect whole life insurance quotes. The company below has the highest score among the companies that offer whole life insurance policies based on a 20-year term at $500K coverage.
Protective is the best whole life insurance provider in El Paso, with a MoneyGeek score of 92 for men and women. This score reflects a balance of affordability, customer satisfaction and financial stability.
Whole life insurance provides lifelong coverage and a cash value component, ideal for those seeking a stable, long-term financial planning tool. Some might opt for it to ensure their family's financial security while investing in a policy that can build cash value over time.
Protective is El Paso's leading whole life insurance company, with a MoneyGeek score of 92 for men and women. This score reflects the company's strong performance in customer satisfaction and financial stability.
Pros:
Cons:
Ensure you're getting the best rate for your life insurance. Compare quotes from top providers to find the most affordable life insurance coverage for your needs.
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best universal life insurance companies:
We did not weigh affordability as we did not collect universal life insurance quotes. The company below has the highest score among the companies that offer universal life insurance policies, over a 10-year term for $250K coverage.
Protective has El Paso's best universal life insurance, with a MoneyGeek score of 91 for men and women. This score reflects a strong balance of affordability, customer satisfaction and financial stability.
Universal life insurance is a flexible policy that combines life coverage with an investment component. Someone interested in long-term financial planning might choose it for its potential cash value growth, which can be borrowed against if needed.
Protective is the leading universal life insurance provider in El Paso, with a MoneyGeek score of 91 for men and women. This score reflects excellence in customer satisfaction and financial stability.
Pros:
Cons:
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best life insurance companies that don't require a medical exam:
We did not weigh affordability as we did not collect any insurance quotes for this category. The company below has the highest score among the companies that offer life insurance policies without mandatory medical exams, for a 10-year term with $250K coverage if the insuree was in poor health.
In El Paso, Protective offers the best life insurance without a medical exam requirement. Its MoneyGeek score of 91 for men and women reflects strong performance in affordability, customer satisfaction and financial stability.
Life insurance with no mandatory medical exam offers coverage without a health checkup. This can benefit those with pre-existing conditions or who prefer a quicker and more convenient application process.
Protective is the top choice for life insurance without the hassle of a medical examination in El Paso. Its MoneyGeek score of 91 for men and women demonstrates a strong balance of customer satisfaction and value.
Pros:
Cons:
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for seniors:
We derived quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer's age to 70.
For older men seeking the best term life insurance for seniors in El Paso, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $72. Protective is the top choice for women, scoring 92 and charging $57 monthly.
Premiums rise as people reach their senior years because of increased health risks. Mutual of Omaha and Protective rank highest for men and women, respectively, indicating a balance of affordability, customer satisfaction and financial stability — critical factors for seniors seeking reliable coverage.
| 1 | Mutual of Omaha | $72 | 91 |
| 2 | Nationwide | $59 | 91 |
| 3 | Protective | $78 | 90 |
| 4 | Prudential | $72 | 86 |
| 5 | Transamerica | $82 | 86 |
| 6 | Allstate | $97 | 86 |
| 7 | AAA | $113 | 85 |
| 8 | State Farm | $108 | 85 |
| 9 | Haven | $132 | 82 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for people who smoke:
We collected quotes using a $250K life insurance policy with a 10-year term and adjusted the sample buyer to reflect an active smoker.
For men seeking the best term life insurance for smokers in El Paso, Mutual of Omaha stands out with a MoneyGeek score of 91 and an average monthly premium of $40. Women will find Allstate as the top option, scoring 89 with a monthly premium of $25.
Smoking raises life insurance costs due to added health risks, which insurers factor into premiums. A high MoneyGeek score highlights affordability, customer satisfaction and financial stability, making Mutual of Omaha and Allstate solid choices for those wanting coverage and value.
| 1 | Mutual of Omaha | $40 | 91 |
| 2 | Nationwide | $37 | 90 |
| 3 | Allstate | $36 | 88 |
| 4 | Transamerica | $36 | 88 |
| 5 | Protective | $56 | 88 |
| 6 | Prudential | $34 | 88 |
| 7 | State Farm | $52 | 85 |
| 8 | AAA | $64 | 85 |
| 9 | Haven | $64 | 82 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best term life insurance companies for young adults:
We collected quotes using a $250K life insurance policy with a 10-year term for a 20-year-old buyer.
Protective offers the best term life insurance for young adults in El Paso, with a MoneyGeek score of 92 and average monthly premiums of $11 for men and $8 for women.
Age significantly influences life insurance premiums, with younger adults typically benefiting from lower costs. Protective's high MoneyGeek score reflects its strong performance in key areas such as affordability, customer satisfaction and financial stability.
| 1 | Protective | $11 | 92 |
| 2 | Mutual of Omaha | $11 | 91 |
| 3 | Nationwide | $11 | 91 |
| 4 | Transamerica | $12 | 87 |
| 5 | AAA | $17 | 85 |
| 6 | Prudential | $14 | 85 |
| 7 | State Farm | $18 | 85 |
| 8 | Allstate | $18 | 85 |
| 9 | Haven | $14 | 84 |
| 10 | Bestow | $19 | 83 |
How was this MoneyGeek score calculated?
MoneyGeek used the following weights to score and rank the best cheap term life insurance companies:
We adjusted the weighting to favor affordability for a $250K life insurance policy with a 10-year term.
For the best cheap term life insurance in El Paso, Nationwide leads for men with a MoneyGeek score of 93 and an average monthly premium of $16. Protective is the top option for women, with a MoneyGeek score of 92 at $13 monthly.
Several factors influence premiums, including age, health, coverage amount and term length. To get the lowest rates, maintain a healthy lifestyle, compare quotes from multiple providers and choose a term length that suits your needs.
| 1 | Nationwide | $16 | 93 |
| 2 | Mutual of Omaha | $18 | 91 |
| 3 | Protective | $18 | 91 |
| 4 | Transamerica | $20 | 88 |
| 5 | Prudential | $22 | 86 |
| 6 | AAA | $28 | 84 |
| 7 | Allstate | $27 | 84 |
| 8 | State Farm | $28 | 82 |
| 9 | Haven | $25 | 82 |
The average monthly costs of term life insurance in El Paso are $33 for men and $25 for women.
Factors that affect premiums include age, health, lifestyle, occupation and coverage amount. Insurers assess them to determine the risk of insuring someone.
Life insurance costs in El Paso may differ from those in the rest of Texas due to local factors such as health statistics, economic conditions and crime rates. Regional underwriting practices can also impact premiums.
Knowing these factors helps you make informed decisions when buying life insurance.
Protective has the best life insurance in El Paso for men, with a MoneyGeek score of 91 out of 100.
The average monthly premium for the best life insurance for men in El Paso is $37. This cost is based on a 20-year term with coverage between $250,000 and $500,000 and assumes excellent health and non-tobacco use.
Protective has the best life insurance in El Paso for women, with a MoneyGeek score of 92 out of 100.
The average monthly premium for the best life insurance for women in El Paso is $25. This cost is based on a 20-year term with coverage between $250,000 and $500,000 and assumes excellent health and non-tobacco use.
Life insurance in El Paso is much like the rest of Texas, with similar premiums, coverage options and company ratings. However, residents should compare local providers and consider state-specific regulations and protections.
If a life insurance company in El Paso goes bankrupt, state guaranty associations step in to cover claims and ensure policyholders have coverage. Verify your protection limits with the Texas Life and Health Insurance Guaranty Association.
El Paso residents might need life insurance to provide financial security for their families, cover final expenses and pay off debts. It can also help with future financial planning, including funding education or replacing lost income.
Contact the insurance company directly to find a lost life insurance policy in El Paso. If that's unsuccessful, use resources like the Texas Department of Insurance or the National Association of Insurance Commissioners' Life Insurance Policy Locator.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
