The words “bargain” and “insurance” really should not be used together, especially when searching for the cheapest coverage with multiple speeding tickets. To help control this cost, let’s learn about a few of the factors that help determine car insurance rates, and find out if we can help you reduce the cost of the next policy you buy.
Comparing quotes for low-priced auto insurance is confusing at best, and figuring out which company has the cheapest car insurance rates with multiple speeding tickets calls for a little more work. Each auto insurance company uses their own calculation for setting prices, so first let’s look at the rankings for the car insurance companies with the overall best prices in Denver.
It’s important that readers know that Colorado car insurance rates are based on many factors that can increase the price you have to pay. This price fluctuation is why it is important to perform a complete rate comparison to get cheap insurance quotes with multiple speeding tickets. Insurance prices are impacted by many factors and can increase or decrease at any time, so the best price when you last compared rates may now be quite expensive.
Best Insurance Companies with License Points
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | The Hartford | $859 |
| 2 | Grange | $978 |
| 3 | USAA | $999 |
| 4 | Nationwide | $1,121 |
| 5 | Auto-Owners | $1,168 |
| 6 | GEICO | $1,176 |
| 7 | Travelers | $1,183 |
| 8 | State Farm | $1,222 |
| 9 | American Family | $1,301 |
| 10 | Progressive | $1,376 |
| 11 | Amica | $1,394 |
| 12 | Allied | $1,497 |
| 13 | California Casualty | $1,502 |
| 14 | Farmers | $1,581 |
| 15 | Colorado Farm Bureau | $1,624 |
| 16 | MetLife | $1,866 |
| 17 | Allstate | $2,076 |
| 18 | Encompass | $2,165 |
| 19 | Safeco | $2,447 |
| 20 | Titan | $2,738 |
| Find Your Rate Go | ||
The Hartford offers some of the lowest car insurance rates in Denver at around $859 each year. Grange, USAA, Nationwide, and Auto-Owners also rank well as some of the cheaper Denver, CO insurance companies.
As the example above demonstrates, if you currently have a policy with USAA and switched to The Hartford, you could see an annual premium reduction of approximately $140. Customers with Nationwide could save as much as $262 a year, and Auto-Owners policyholders might realize rate reductions of up to $309 a year.
Be aware that those policy prices are averages across all types of insureds and vehicles and do not take into consideration a specific location with multiple speeding tickets. So the auto insurance company that can offer you the lowest price may not even be in the top 21 companies shown above. That underscores the importance of why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.
One of the many things that are looked at to determine car insurance rates is your address in Denver. Cities with more crime and/or more people tend to have higher auto insurance costs, whereas areas with lower crime rates and fewer weather claims have the benefit of cheaper car insurance.
The table below shows the highest-priced places in Colorado with multiple speeding tickets in which to buy car insurance. Denver comes in at #2 having an annual price of $1,425 for the average insured, which is about $119 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Pueblo | $1,455 |
| 2 | Denver | $1,425 |
| 3 | Lakewood | $1,378 |
| 4 | Aurora | $1,361 |
| 5 | Thornton | $1,320 |
| 6 | Commerce City | $1,314 |
| 7 | Littleton | $1,306 |
| 8 | Security-Widefield | $1,304 |
| 9 | Centennial | $1,304 |
| 10 | Arvada | $1,295 |
| 11 | Northglenn | $1,290 |
| 12 | Ken Caryl | $1,287 |
| 13 | Brighton | $1,285 |
| 14 | Colorado Springs | $1,277 |
| 15 | Westminster | $1,272 |
| 16 | Castle Rock | $1,248 |
| 17 | Highlands Ranch | $1,229 |
| 18 | Parker | $1,220 |
| 19 | Boulder | $1,207 |
| 20 | Longmont | $1,179 |
| 21 | Broomfield | $1,167 |
| 22 | Greeley | $1,144 |
| 23 | Grand Junction | $1,132 |
| 24 | Fort Collins | $1,067 |
| 25 | Loveland | $1,063 |
| Find the Best Rates Go | ||
Premium costs are approximated as the vehicle garaging location can increase or decrease insurance rates noticeably.
Car insurance company ratings
Choosing the right insurance company can be difficult considering how many companies sell insurance in Denver. The ranking information in the lists below could help you pick which car insurance providers you want to consider comparing rate quotes with. These ratings are only made up of the largest auto insurers in America, so smaller companies are not factored into these rankings.
Top 10 Large Auto Insurance Providers in Denver Ranked by Value
- USAA
- American Family
- The Hartford
- Titan Insurance
- The General
- AAA Insurance
- State Farm
- Nationwide
- Safeco
- Esurance
Top 10 Large Auto Insurance Providers 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+
The example below demonstrates how deductibles can influence insurance costs when trying to find cheap insurance with multiple speeding tickets. The data assumes a single female driver, comprehensive and collision coverage, and no discounts are applied.
As shown above, a 40-year-old driver could lower rates by $376 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $566 by using a $1,000 deductible. Even younger drivers, like the Age 20 category, could potentially save up to $966 annually by choosing larger deductibles on their policy.
When choosing a higher deductible, it is essential to have spare funds to cover the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.
Discount Denver car insurance rates
Car insurance companies that provide policies with multiple speeding tickets may also offer price discounts that could potentially reduce rates by 40% or more if you meet certain criteria. The best car insurance companies and a partial list of their discounts are outlined below.
- State Farm may have discounts that include good student, Steer Clear safe driver discount, good driver, anti-theft, and passive restraint.
- Progressive offers discounts including homeowner, online quote discount, online signing, good student, and multi-vehicle.
- Progressive offers discounts for continuous coverage, online signing, multi-policy, good student, and online quote discount.
- MetLife may offer discounts for good student, accident-free, multi-policy, defensive driver, and claim-free.
- Farm Bureau has discounts for driver training, multi-vehicle, good student, safe driver, and renewal discount.
- GEICO offers premium reductions for five-year accident-free, military active duty, daytime running lights, air bags, driver training, and membership and employees.
- SAFECO includes discounts for teen safety rewards, drive less, multi-car, homeowner, and safe driver.
The information below visualizes the comparison of insurance costs with and without discounts applied. The costs are based on a female driver, one speeding ticket and no accidents, 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 bar shows the rates with homeowner, paperless filing, multiple policy, multiple vehicle, vehicle safety, and marriage discounts applied. When taking advantage of discounts, theaverage yearly reduction on car insurance with multiple speeding tickets is 28% or $599.
Can you find cheaper Denver car insurance?
Colorado car insurance rates are determined by lots of factors that control your annual premium. Simply turning a year older, buying a different vehicle, or getting a ticket for careless driving may cause policy rate changes that may make certain companies cheaper than competitors.
Also, car insurance companies modify pricing multiple times each year to adjust for gains or losses. A period of higher than normal claims can result in increased rates, while profitable underwriting may produce lower-priced Denver car insurance rates.
To illustrate this point, the chart below shows a variety of companies that have the cheapest car insurance in Denver, CO for a 45-year-old male driver with a good driving record, no prior claims, and a good credit history. When quoting prices based on his current situation, The Hartford might offer the best car insurance rates in Denver at $1,106 per year. This is $472 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO are also on the list of the top five cheapest Denver, CO auto insurance companies.
The example below compares rates after we give the driver in the first example an accident surcharge, slightly worse credit, and a few blemishes on his driving record. Due to the fact that every insurance company has a different process to set premium rates, comparing rates could result in a different ranking of affordable Denver car insurance companies as shown below.
Travelers now has the best insurance rate in Denver with State Farm, American Family, Grange, and Amica completing the list. This example shows why Denver drivers need to compare rates to get affordable auto insurance rates with multiple speeding tickets.
Insurance prices are impacted by many factors and change frequently, so the most economical option three years ago may now be priced much higher than other options.