I’m sure you’ve seen the catchy commercials from auto insurance companies like Allstate, GEICO, and Farmers that claim huge savings, so drivers just need to choose any of them, right?
Regrettably, it’s not quite that easy, as there are a whole bunch of unknown factors such as whether you are married or single, where you live in Denver, whether or not your vehicle has good safety ratings, and your age, that all have an effect on the price of a policy. This article will detail the best ways to save money and will give you a good start to your coverage search.
Trying to buy affordable insurance is easier said than done, and deciding which company quotes the most affordable insurance rates for state employees calls for more quotes for comparison. Every insurance company uses their own method for determining prices, so let’s begin by examining the insurance companies with the overall best prices in Denver, CO.
It’s important to know that Denver, CO insurance rates are impacted by many factors which can substantially change the price you have to pay. This price variation is why it is important to compare rates to get cheap car insurance rates for state employees. Rates can be determined by many risk factors and change substantially, so the lowest-price company the last time you checked may now be priced much higher than other options.
Cheap Insurance Rates in Colorado
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $834 |
| 2 | Grange | $958 |
| 3 | USAA | $1,009 |
| 4 | Nationwide | $1,109 |
| 5 | Auto-Owners | $1,168 |
| 6 | Travelers | $1,183 |
| 7 | GEICO | $1,187 |
| 8 | State Farm | $1,209 |
| 9 | American Family | $1,301 |
| 10 | Progressive | $1,322 |
| 11 | Amica | $1,394 |
| 12 | Allied | $1,453 |
| 13 | California Casualty | $1,488 |
| 14 | Farmers | $1,629 |
| 15 | Colorado Farm Bureau | $1,640 |
| 16 | MetLife | $1,866 |
| 17 | Allstate | $2,055 |
| 18 | Encompass | $2,187 |
| 19 | Safeco | $2,522 |
| 20 | Titan | $2,738 |
| Quote Your Rates Go | ||
The Hartford quotes some of the most affordable car insurance rates in Denver at around $834 annually. Grange, USAA, Nationwide, and Auto-Owners also are some of the lowest-priced Denver, CO insurance companies.
As depicted above, if you buy coverage from Nationwide and switched to Grange, you could realize a yearly price reduction of upwards of $151. Customers with Auto-Owners could save as much as $210 a year, and Travelers insureds might reduce prices by as much as $225 a year.
To find out how much you can save, click here to start your custom quote or quote prices from the following companies.
These premium estimates are averaged across all ages of drivers and types of vehicles and do not factor in an exact zip code location for state employees. So the insurer that is most affordable for your situation may not even be in the list above. That’s why you need to quote rates from as many companies as possible using your own driver and vehicle profiles.
For state workers, one of the big considerations that are used to help calculate the price you pay for insurance is where you keep your car. Areas with more people or more claims tend to pay more, whereas areas with less congestion have the gratification of cheaper auto insurance rates.
The illustration below ranks the most expensive areas in Colorado for state employees to buy car insurance in. Denver is ranked #1 with the annual price of $1,425 on average, which is about $119 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Denver | $1,425 |
| 2 | Aurora | $1,417 |
| 3 | Pueblo | $1,412 |
| 4 | Lakewood | $1,378 |
| 5 | Ken Caryl | $1,326 |
| 6 | Commerce City | $1,314 |
| 7 | Security-Widefield | $1,304 |
| 8 | Northglenn | $1,303 |
| 9 | Arvada | $1,295 |
| 10 | Westminster | $1,284 |
| 11 | Colorado Springs | $1,277 |
| 12 | Thornton | $1,268 |
| 13 | Highlands Ranch | $1,267 |
| 14 | Littleton | $1,267 |
| 15 | Centennial | $1,265 |
| 16 | Castle Rock | $1,261 |
| 17 | Brighton | $1,235 |
| 18 | Parker | $1,233 |
| 19 | Boulder | $1,207 |
| 20 | Broomfield | $1,203 |
| 21 | Greeley | $1,144 |
| 22 | Longmont | $1,133 |
| 23 | Grand Junction | $1,120 |
| 24 | Loveland | $1,107 |
| 25 | Fort Collins | $1,089 |
| Compare Rates Now Go | ||
Information shown are approximated as the specific Denver residence address can raise or lower coverage rates significantly.
Get discount Denver auto insurance
Car insurance companies that offer coverage for state employees may also offer discounts that may potentially lower prices by as much as 35% if you meet specific criteria. A list of insurance companies and their possible discounts are shown below.
- GEICO offers premium reductions for defensive driver, good student, driver training, anti-theft, and federal employee.
- Auto-Owners Insurance may offer discounts for good student, multi-policy, anti-lock brakes, safe driver, anti-theft, paperless, and paid in full.
- American Family offers discounts including mySafetyValet, early bird, Steer into Savings, bundled insurance, TimeAway discount, and good driver.
- Esurance policyholders can earn discounts including multi-policy, good driver, online shopper, defensive driver, good student, and anti-theft.
- Progressive includes discounts for online quote discount, homeowner, continuous coverage, multi-vehicle, online signing, good student, and multi-policy.
- State Farm may have discounts that include good driver, anti-theft, multiple policy, Drive Safe & Save, and accident-free.
- AAA may include discounts for good driver, education and occupation, multi-car, anti-theft, multi-policy, and good student.
The diagram below illustrates the difference between car insurance costs with and without policy discounts. The data is based on a male driver, no driving violations, no at-fault accidents, Colorado state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with multiple vehicle, marriage, homeowner, claim-free, accident-free, and multiple policy discounts applied. When drivers qualify for the discounts, theamount saved on insurance for state employees is 28% or $618.
The diagram below illustrates how your deductible choice can raise or lower insurance prices when researching cheap insurance for state employees. The prices are based on a single male driver, full coverage, and no discounts are taken into consideration.
The data above shows that a 30-year-old driver could cut expenses by $388 a year by changing from a $100 deductible to a $500 deductible, or save $584 by selecting a $1,000 deductible. Young drivers, like the age 20 example, could lower their rates up to $1,140 every year by using a higher deductible. When choosing a higher deductible, it is important to have enough in a savings account to allow you to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Selecting a highly-rated car insurance company can be a challenge considering how many companies there are to choose from in Colorado. The company rank data shown next could help you decide which providers to look at when shopping car insurance rates for state employees. The rankings below include large, nationwide insurance companies, so companies that only write business in Colorado or surrounding areas are not included in the list.
Top 10 Major Car Insurance Companies in Denver Ranked by Value
- USAA
- American Family
- The Hartford
- Titan Insurance
- The General
- AAA Insurance
- State Farm
- Nationwide
- Safeco
- Esurance
Top 10 Major Car Insurance Companies in Denver Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Progressive – A+
- Titan Insurance – A+
- The Hartford – A+
Denver car insurance rates
Denver, CO insurance rates are impacted by many factors that will increase or decrease the cost of your policy. Simply turning a year older, getting divorced, or getting a reckless driving citation can trigger rate changes that can cause some rates to be affordable when they were higher priced.
Not only that, but car insurance companies change prices as often as every three months to adjust for heavy claims or excess profits. Heavier than normal losses may result in higher priced premiums, while long-term profits can cause more affordable Denver car insurance rates.
To help illustrate this point, the chart below analyzes the cheapest car insurance in Denver, CO for a 45-year-old female driver with no violations or accidents, and a decent credit rating. When comparing rates based on her personal risk profile, The Hartford offers the cheapest car insurance rates in Denver at $1,125 annually. This is $453 less than the average policy premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Auto-Owners are the remaining cheapest Denver, CO auto insurance companies.
The example below compares rates after we give the driver from the first example a claim surcharge, a lower credit score, and a couple of points charged on her driving record. Because every insurance company has their own guidelines to set premium rates, getting updated rate quotes will most likely result in a different set of companies as shown below.
Travelers now has the cheapest auto insurance in Denver with State Farm, American Family, Grange, and Progressive also having competitive pricing. This shows why drivers need to shop around when trying to find the lowest car insurance quotes for state employees. Insurance prices are influenced by many things and change dramatically, so the most affordable company the last time you shopped around may now be costing you a lot of money.