Cheap Car Insurance Quotes in Colorado

One of the many considerations that determine the amount you pay each year for auto insurance is your zip code in Colorado. Regions with larger populations or more claims like Pueblo, Aurora, and Commerce City tend to have higher rates, whereas areas with lower crime rates and fewer weather claims have the luxury of lower rates.

The table below rates the most expensive places in Colorado to purchase car insurance in.

Premium amounts are estimated as the vehicle garaging location can impact prices substantially.

The vehicle you are insuring is one of the largest considerations that determines whether or not you can buy cheap car insurance quotes in Colorado. Vehicles with lower acceleration and performance, a plethora of safety features, or a track record of few liability claims will cost significantly less to insure than adrenaline junky models.

The lists below outlines coverage costs for the most economical vehicles to insure in Colorado.

Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, multi-vehicle, and claim-free. Premium amounts do not factor in your specific Colorado location which can change auto insurance rates substantially.

Prices based on married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Price information does not factor in specific garaging location which can raise or lower coverage rates noticeably.

Data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, multi-policy, and claim-free. Estimates do not factor in specific Colorado garaging location which can impact premium rates substantially.

Figuring out which companies have the cheapest auto insurance rates in Colorado may require a tad more effort in order to find coverage that fits your budget. Each auto insurance company uses their own method for establishing rates, so we will examine the auto insurance companies with the overall best prices in Colorado.

The Hartford may offer some of the most affordable car insurance rates in Colorado at around $859 each year. Grange, USAA, Nationwide, and Travelers also are some of the most economical Colorado car insurance companies.

In this example, if you are a policyholder with Nationwide and switched to The Hartford, you might see an annual savings of around $262. Customers with Travelers could save as much as $312 a year, and GEICO customers might reduce rates by $328 a year.

Understand that those policy rates are averages for all insureds and vehicles and do not take into consideration a price decrease in Colorado. So the insurer that is best suited for you may not even be shown in the list of companies shown earlier. That’s why you need to compare rates from multiple companies using your own individual information.

The information below shows how choosing a deductible can impact insurance prices when searching for cheap insurance in Colorado. The prices are based on a single male driver, full physical damage coverage, and no discounts are taken into consideration.

As shown above, a 30-year-old driver could lower their policy premium by $326 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $490 by changing to a $1,000 deductible. Young drivers, like the 20-year-old example, could roll back prices as much as $948 annually by choosing a higher deductible.

If you do decide to increase your deductibles, it will be necessary to have additional savings on hand to allow you to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Impact of citations and accidents on insurance rates

In a perfect world, the ideal way to score cheap car insurance quotes in Colorado is to drive safe and avoid accidents and traffic violations. The chart below highlights how speeding tickets and accidents can influence insurance costs for different age categories. The information is based on a single female driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.

The data above shows the average cost of a car insurance policy in Colorado per year with no accidents and a clean driving record is $1,578. Factor in two speeding tickets and the average cost hikes up to $2,108, an increase of $530 each year. Now add in two accidents along with the two speeding tickets and the yearly cost of auto insurance in Colorado jumps again to an average of $4,180. That’s an increase of $2,602, or $217 per month, just for being a less-than-perfect driver!

Discounts on Colorado insurance rates

Auto insurance companies that provide cheap car insurance quotes in Colorado may also provide premium discounts that may potentially lower prices by as much as 35% or more if you meet specific eligibility requirements. Companies and a selection of discounts are detailed below.

• American Family policyholders can earn discounts including accident-free, Steer into Savings, defensive driver, good driver, and mySafetyValet.
• State Farm may include discounts for anti-theft, defensive driving training, multiple policy, safe vehicle, passive restraint, and driver’s education.
• 21st Century offers discounts including teen driver, anti-lock brakes, air bags, theft prevention, and student driver.
• Travelers has savings for hybrid/electric vehicle, multi-policy, IntelliDrive, new car, and payment discounts.
• GEICO has discounts for emergency military deployment, multi-vehicle, anti-theft, multi-policy, military active duty, daytime running lights, and federal employee.

The diagram below shows the comparison of car insurance rates with and without discounts applied. The costs are based on a male driver, no violations or claims, Colorado state minimum liability limits, full physical damage coverage, and $1,000 deductibles.

The first bar for each age group shows premium with no discounts. The lower bar shows the rates with homeowner, accident-free, multiple vehicle, marriage, vehicle safety, and safe-driver discounts applied. When drivers take advantage of discounts, the amount saved on auto insurance in Colorado is 28% or $410.

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