Who Has Affordable Denver Auto Insurance Rates for High School Students?

The words “low-cost” and “insurance” really don’t belong together, in particular when you are looking for the cheapest auto insurance for high school students. Because it’s so expensive, let’s go over some situations that significantly impact auto insurance premiums, and find a way to take the sting out of the next policy you buy.

Establishing which companies quote the cheapest auto insurance rates for high school students involves a bit more work in order to find the lowest price quote. Each insurance company has a proprietary formula to set policy rates, so we’ll go over the auto insurance companies with the overall best prices in Denver.

It’s important to know that Denver auto insurance rates are based on many factors that can increase your annual premium. Turning one year older, marrying your spouse, or getting a DUI may generate price changes resulting in some companies being cheaper than before.

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Cheapest Colorado auto insurance companies
Rank Company Cost Per Year
1 The Hartford $834
2 Grange $949
3 USAA $1,009
4 Nationwide $1,109
5 GEICO $1,152
6 Travelers $1,171
7 Auto-Owners $1,192
8 State Farm $1,222
9 American Family $1,314
10 Progressive $1,336
11 Amica $1,340
12 California Casualty $1,488
13 Allied $1,497
14 Farmers $1,565
15 Colorado Farm Bureau $1,576
16 MetLife $1,830
17 Allstate $2,015
18 Encompass $2,165
19 Safeco $2,547
20 Titan $2,657
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The Hartford has some of the best 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 qualify as some of the cheapest Denver, CO auto insurance companies.

In this example, if you are insured with USAA and switched to The Hartford, you could see yearly savings of roughly $175. Customers with Nationwide may save as much as $275 a year, and GEICO policyholders might reduce prices by as much as $318 a year.

Understand that those policy prices are averaged across all types of insureds and vehicles and and are not figured with a specific zip code for high school students. So the auto insurance company that can offer you the best price may not even be in the list above. That affirms the importance of why you need to get auto insurance quotes using your own specific driver information and vehicle.

For teenagers, one of the largest considerations that are looked at to help calculate the annual cost of car insurance is where you live. Areas with more people or even just a higher incidence of claims are more likely to have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims receive better rates.

The table below sorts the most expensive places in Colorado for high school students to purchase a policy in. Denver shows up at #2 with the yearly price of $1,397 for the average policy, which is approximately $116 per month.

How much does car insurance cost in Denver, CO?
Rank City Premium Per Year
1 Pueblo $1,455
2 Denver $1,397
3 Lakewood $1,378
4 Commerce City $1,368
5 Aurora $1,361
6 Northglenn $1,342
7 Security-Widefield $1,330
8 Arvada $1,308
9 Thornton $1,307
10 Ken Caryl $1,287
11 Colorado Springs $1,277
12 Highlands Ranch $1,267
13 Centennial $1,265
14 Castle Rock $1,261
15 Littleton $1,254
16 Brighton $1,247
17 Westminster $1,234
18 Parker $1,220
19 Broomfield $1,215
20 Longmont $1,179
21 Boulder $1,171
22 Grand Junction $1,166
23 Greeley $1,110
24 Fort Collins $1,089
25 Loveland $1,074
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Rate quotes are approximated as the specific area where the vehicle is garaged can affect insurance rates significantly.

The vehicle model you are insuring is one of the main factors when shopping around for economical auto insurance for high school students. Vehicles with limited top-end speed, good crash test ratings, or low incidents of liability claims will cost substantially less to insure than higher performance models. The next table illustrates car insurance premiums for a number of the cheapest vehicles to buy coverage for.

Cheapest Vehicles to Insure in Denver, CO
Vehicle Insured Estimated Cost for Full Coverage
Ford Escape XLT 4WD $5,590
Honda CR-V EX-L 4WD $5,598
Toyota Prius $5,978
Ford F-150 STX Regular Cab 2WD $6,185
Ford Explorer Eddie Bauer 2WD $6,233
Jeep Wrangler Rubicon 4WD 2-Dr $6,238
Chevrolet Impala LS $6,522
Ford Fusion S 4-Dr Sedan $6,571
Toyota RAV4 Sport 2WD $6,579
Chevrolet Equinox LS AWD $6,571
Chevrolet Malibu LT $6,622
Dodge Grand Caravan Crew $6,631
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $6,622
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Data based on single female driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in specific location which can affect prices substantially.

Based upon the rates shown, you can assume that models like the Ford Escape, Honda CR-V, and Toyota Prius should be some of the more affordable vehicles to insure for teenagers. Car insurance rates will trend higher because of the fact that there is more claim risk for high school students, but generally speaking those makes and models will tend to have the best rates compared to other types of vehicles.

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Auto insurance for teenagers in Denver, COCar insurance companies that provide policies for high school students could also offer premium discounts that may potentially lower prices by as much as 35% or more if you are eligible. Companies and a summarized list of policyholder discounts can be found below.

The illustration below visualizes the comparison of car insurance rates with and without discounts applied. The rates are based on a male driver, no accidents or driving violations, Colorado state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.

The first bar for each age group shows the average annual price with no discounts. The second shows the rates with paperless filing, passive restraint, paid-in-full, anti-theft, good student, and continuous coverage discounts applied. When discounts are applied, the average amount saved each year on auto insurance for high school students is 28% or $547.

The illustration below demonstrates how choosing different deductibles can influence premium costs when searching for cheap insurance for high school students. The premium estimates are based on a married male driver, full physical damage coverage, and no discounts are applied.

In the chart above, a 30-year-old driver could lower their car insurance rates by $378 a year by switching from a $100 deductible up to a $500 deductible, or save $570 by switching to a $1,000 deductible. Youthful drivers, such as the Age 20 example, could save up to $1,138 or more by choosing larger deductibles on their policy.

If you make the decision to raise deductibles, it will now be necessary to have additional funds in a savings account to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.

Picking the best insurer can be difficult considering how many companies sell insurance in Denver. The rank data displayed below could help you choose which providers to look at comparing rates with. The rankings below include large nationwide companies, so companies that have a smaller presence are not factored into this list.

Denver, CO Auto Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
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Data Source: Insure.com Best Car Insurance Companies

Are you paying too much for car insurance in Denver?

Colorado auto insurance rates are based on many factors that may substantially change your annual premium. Simply turning a year older, filing a claim, or getting a driving violation can produce rate changes resulting in some companies being more affordable than the competition.

Not only that, but car insurance companies change rates every year or even multiple times each year to adjust for unexpected claims or profits. Heavier than normal losses may result in high rates, while long-term profits may result in cheaper Denver car insurance rates.

The bar chart below shows a variety of companies that have the cheapest car insurance in Denver, CO for a 35-year-old female driver with no accidents, a clean driving record, and a good credit history. If we look at prices based on her current risk profile, The Hartford might quote the best car insurance rates in Denver at $1,151 a year. This is $427 less than the average policy premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO also make the list of the best Denver, CO auto insurance companies.

Now we will pretend the driver from the first rate comparison a claim, poor credit, and a few blemishes on her driving record. Because every insurance company has a unique formula to set their prices, comparing rates may now present a significantly different list of cheap Denver auto insurance companies as shown below.

Auto-Owners now has the cheapest insurance rate in Denver, CO with State Farm, American Family, Progressive, and Amica completing the list. This illustrates why Denver drivers need to compare many different companies to get the lowest insurance rates for high school students. Car insurance prices are made up of many things and can change without notice, so the lowest-price company two years ago may now be one of the more expensive options.