Who Has Affordable Denver Auto Insurance Quotes for 17 Year Olds?

You have probably seen the ads from auto insurance companies like The General and Progressive that guarantee big savings, so you should just choose any of them, right?

It’s not that simple, unfortunately, as there are a whole bunch of unknown factors like if you have a tendency to get into accidents, if you are married or single, and whether you are female or male, that all have an effect on the price. This article goes into detail about the best ways to compare rates and will hopefully give you a good start in finding the cheapest insurance in Colorado.

Determining which company has the lowest-priced insurance rates for 17 year olds takes a little more effort in order to find the best policy. Every insurance company uses their own calculation for setting prices, so we need to take a look at the most budget-friendly insurance companies in Denver.

It’s important that you understand Colorado insurance rates are based on many factors that may substantially change the cost of having a policy. Turning one year older, marrying your spouse, or getting a ticket for careless driving can cause premium changes resulting in some companies being more affordable than competitors.

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Who has the cheapest car insurance in Colorado?
Rank Company Cost Per Year
1 The Hartford $834
2 Grange $978
3 USAA $1,029
4 Nationwide $1,121
5 GEICO $1,141
6 Auto-Owners $1,168
7 Travelers $1,171
8 State Farm $1,222
9 American Family $1,301
10 Progressive $1,336
11 Amica $1,381
12 Allied $1,439
13 California Casualty $1,488
14 Colorado Farm Bureau $1,576
15 Farmers $1,629
16 MetLife $1,866
17 Allstate $2,076
18 Encompass $2,187
19 Safeco $2,522
20 Titan $2,738
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The Hartford may have some of the cheapest car insurance rates in Denver at around $834 annually. This is $744 less than the average policy premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO also are some of the best Denver, CO insurance companies.

As the rates illustrate above, if you are insured with Grange and switched to The Hartford, you could see an annual premium reduction of roughly $144. Policyholders with USAA might save as much as $195 a year, and Nationwide insureds might realize rate reductions of up to $287 a year.

Understand that those policy rates are averages for all types of insureds and vehicles and are not factoring in an exact zip code location for 17 year olds. So the car insurance company that can offer you the lowest price may not even be in the list above. That affirms the importance of why you need to compare prices as often as possible using your own driver data and vehicle information.

The type of vehicle you are seeking coverage for is probably the biggest factor when comparison shopping for the cheapest insurance for 17 year olds. Vehicles with limited top-end speed, a plethora of safety features, or a low likelihood of having liability claims will cost much less to insure than high performance models.

The next list shows coverage costs for a selection of the most cost-effective automobiles to buy coverage for.

Cheapest Vehicles to Insure in Denver, CO
Vehicle Estimated Cost for Full Coverage
Ford Escape XLS 2WD $4,660
Honda CR-V EX 4WD $4,703
Toyota Prius $5,045
Ford Edge SE 2WD $5,188
Jeep Wrangler Sport Islander Package 4WD 2-Dr $5,195
Ford F-150 XLT Crew Cab 2WD $5,231
Volkswagen Jetta 2.0T Station Wagon $5,338
Chevrolet Impala LT $5,527
Toyota RAV4 Sport 2WD $5,534
GMC Sierra SL Extended Cab 2WD $5,527
Jeep Grand Cherokee Laredo 4WD $5,535
Chevrolet Malibu LS $5,527
Toyota Camry LE $5,536
Chevrolet Equinox LT AWD $5,527
Ford Explorer Eddie Bauer AWD $5,573
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $5,582
Dodge Grand Caravan Crew $5,573
Hyundai Elantra Blue 4-Dr Sedan $5,777
Ford Focus SES 4-Dr Sedan $5,784
Toyota Corolla S $5,820
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Table data assumes single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in specific location which can modify rates significantly.

Based on these rates, models like the Ford Escape, Honda CR-V, Toyota Prius, and Ford Edge are most likely to be the cheaper vehicles to insure for teen drivers. The cost of auto insurance will be higher anyway because of the fact that there is more inherent risk for 17 year olds, but in general those particular models will most likely have the lowest prices that you are likely to find.

Types of discounts on Denver auto insurance rates

Discounts on insurance for 17 year oldsInsurance providers that provide policies for 17 year olds may have premium discounts that may potentially lower prices by as much as 25% or more if you qualify for them. A list of companies and some of the discounts are:

The diagram below shows the comparison of yearly insurance costs with and without discounts. The premium estimates are based on a male driver, no violations or claims, Colorado state minimum liability limits, full physical damage coverage, and $100 deductibles.

The first bar for each age group shows premium with no discounts. The second bar shows the rates with good student, paperless filing, continuous coverage, vehicle safety, anti-theft, and passive restraint discounts applied. When discounts are factored in, the average amount saved each year on insurance for 17 year olds is 28% or $710.

Choosing a highly-rated car insurance provider can be difficult considering how many choices there are in Denver. The information in the next section may help you decide which car insurance companies you want to consider comparing rates with.

These ratings are only made up of companies that insure vehicles across America, so companies that only write business in Colorado or surrounding areas will not be included in the list. If you’d like to compare prices from the insurers below and more, click here.

Top 10 Large Car Insurance Companies in Denver Ranked by Customer Satisfaction

  1. Titan Insurance – 95%
  2. USAA – 94%
  3. AAA Insurance – 91%
  4. Nationwide – 90%
  5. State Farm – 90%
  6. The Hartford – 89%
  7. GEICO – 89%
  8. Allstate – 88%
  9. 21st Century – 88%
  10. The General – 88%

Top 10 Large Car Insurance Companies Overall in Denver

  1. USAA
  2. American Family
  3. State Farm
  4. The Hartford
  5. AAA Insurance
  6. GEICO
  7. The General
  8. Titan Insurance
  9. Progressive
  10. Allstate

Full coverage or liability only

Saving money when shopping for insurance is the goal of the majority of people, and one of the best ways to find cheap insurance for 17 year olds is to not buy full coverage. The illustration below shows the comparison of auto insurance rates when comparing full coverage to liability only. The information is based on no tickets, no at-fault accidents, $500 deductibles, drivers are not married, and no other discounts are factored in.

If averaged out across all ages, physical damage coverage costs $2,209 per year more than insuring for liability only. Many drivers may wonder if you should buy full coverage. There is no definitive rule that works best for making the decision to drop comp and collision coverage, but there is a guideline you can use. If the yearly cost of full coverage is more than 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.

For example, let’s assume your vehicle’s replacement cost is $8,000 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most your company will settle for is $7,000 after you pay the deductible. If premiums are more than $700 a year to have full coverage, the it may be a good time to stop paying for full coverage.

How to find economical insurance for 17 year olds

Here are a few thrifty solutions that can help Colorado drivers quote more affordable coverage.

That last piece of advice is especially significant, as was noted in the prior article. Prices charged by car insurance companies adjust frequently, so don’t hesitate to switch to a new company if a lower-cost policy is available.

Loyalty to a specific company is fine, but it’s not a good idea if that inflexibility results in costing you a small fortune year after year. It takes less than five minutes to compare prices to find cheaper car insurance for 17 year olds in Denver.