How Much are Auto Insurance Quotes for a Learners Permit in Denver?

You have probably seen the captivating commercials from companies like Nationwide, Liberty Mutual, and State Farm that make claims of dirt cheap rates, so you should just choose the one with the best commercial, right?

It’s just not that easy, however, as there are a whole bunch of unknown factors like your annual mileage driven, if you need full coverage or liability-only, if you have a lapse in coverage, and if you are a man or woman, that all go into determining the rate you pay. We will touch on the best ways to maintain low rates and will hopefully give you a good start in finding the cheapest car insurance.

The car, truck, or SUV requiring insurance is one of the largest considerations that determines whether or not you find the best cheap insurance for a learners permit. Vehicles with lower acceleration and performance, a plethora of safety features, or a low likelihood of having liability claims will cost quite a bit less to insure than high performance models. The table below illustrates coverage costs for a selection of the most economical automobiles to buy coverage for.

Cheapest Vehicles to Insure in Denver, CO
Vehicle Estimated Cost for Full Coverage
Honda CR-V LX 2WD $5,711
Ford Escape Limited 4WD $6,142
Toyota Prius $6,204
Honda Odyssey LX $6,343
Ford F-150 XLT Super Cab 2WD $6,402
Volkswagen Jetta SE 2.5 Station Wagon $6,577
Chevrolet Malibu LS $6,775
Toyota RAV4 2WD $6,782
Chevrolet Impala LT $6,775
Nissan Altima 2.5 4-Dr Sedan $6,785
Chevrolet Equinox LS 2WD $6,775
Dodge Grand Caravan Hero $6,780
Ford Explorer Limited 4WD $6,837
Toyota Tacoma Double Cab TRD Sport Package 4WD $6,846
Ford Focus SEL 4-Dr Sedan $7,089
Toyota Camry XLE $7,148
Toyota Corolla XLE $7,158
Ford Edge Limited AWD $7,148
Hyundai Elantra GLS 4-Dr Sedan $7,156
GMC Sierra 2500HD SLE Regular Cab 4WD $7,209
Chevrolet Silverado 2500HD LT Crew Cab 4WD $7,219
Ford Fusion SEL 4-Dr Sedan $7,209
GMC Sierra SLE Crew Cab 2WD $7,214
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Table data assumes single male driver age 17, 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 impact premium rates noticeably.

Based upon the table data, you can infer that makes and models like the Honda CR-V, Ford Escape, Toyota Prius, Honda Odyssey, and Ford F-150 are most likely to be some of the cheapest vehicles to insure for new drivers. Car insurance rates will be more costly because there is more liability exposure for a learners permit, but overall those models will probably have the cheapest rates compared to other types of vehicles.

Comparing rates for budget insurance is not the easiest thing to do, and figuring out which company quotes the cheapest auto insurance rates for a learners permit may require even more rate comparisons. Each auto insurance company has a unique formula for setting rates, so let’s begin by examining the most competitive auto insurance companies in Denver.

It’s important to understand that Denver auto insurance rates are based on many factors that may substantially change the policy premium. This price fluctuation is why it is important to compare many different companies when trying to find the most economical auto insurance quotes for a learners permit. Insurance prices can be altered by many different factors and can change substantially, so the most economical company when you last compared rates may now cost much more than other companies.

Best Cheap Insurance Rates in Colorado

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The Hartford has some of the lowest car insurance rates in Denver at around $834 per year. Grange, USAA, GEICO, and Nationwide would also be considered some of the most economical Denver, CO car insurance companies.

In the above example, if you currently have a policy with Grange and switched to The Hartford, you could see annual savings of in the vicinity of $153. Colorado drivers with USAA may save as much as $165 a year, and GEICO customers might lower prices by up to $307 a year.

It’s important to note that these premiums are averages across all drivers and vehicles in Colorado and do not take into consideration an exact location for a learners permit. So the company that fits your age and vehicle best may not even be in the top 21 companies shown above. That affirms the importance of why you need to quote rates from many companies using your own individual information.

For new drivers, one of the more important considerations that determine insurance cost is your address. Areas with increased crime or more people tend to pay slightly more, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of lower rates.

The illustration below lists the highest-priced places in Colorado for a learners permit to buy an auto insurance policy in. Denver is ranked at #2 with an annual premium of $1,439 for the average insured, which is about $120 monthly.

How much is auto insurance in Denver, CO?
Rank City Premium Per Year
1 Pueblo $1,455
2 Denver $1,439
3 Aurora $1,375
4 Commerce City $1,368
5 Northglenn $1,329
6 Lakewood $1,324
7 Centennial $1,317
8 Thornton $1,307
9 Arvada $1,295
10 Security-Widefield $1,291
11 Colorado Springs $1,290
12 Ken Caryl $1,287
13 Littleton $1,254
14 Brighton $1,235
15 Westminster $1,234
16 Parker $1,233
17 Highlands Ranch $1,229
18 Castle Rock $1,211
19 Boulder $1,171
20 Broomfield $1,167
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Premium costs are estimated as the specific zip code location can increase or decrease rates significantly.

Picking a good quality auto insurance provider can be a challenge considering how many choices you have in Denver. The company ratings shown next can help you select which companies you want to consider purchasing a policy from. The ratings below only include companies that write coverage in many states, so companies that may only write in Colorado are not included in these rankings.

Top 15 Auto Insurance Companies for a Learners Permit in Colorado
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: Best Car Insurance Companies

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Discounts on auto insurance for a learners permitInsurers that offer coverage for a learners permit may also provide premium discounts that can lower rates by 30% or more if you are eligible for them. Large auto insurance companies and some of their more popular discounts are outlined below.

The diagram below illustrates the comparison of insurance premiums with and without discounts applied to the policy premium. The rates are based on a male driver, no claims, a clean driving record, Colorado state minimum liability limits, comprehensive and collision coverage, and $500 deductibles.

The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with anti-theft, good student, passive restraint, paperless filing, paid-in-full, and vehicle safety discounts applied. In this example, theaverage amount saved on auto insurance for a learners permit is 28% or $587.

You may be paying too much for car insurance

Denver, CO auto insurance rates are based on many factors that may substantially change the policy premium. Simply getting older, increasing deductibles, or getting a couple of tickets can trigger price changes resulting in some rates now being more affordable than others. Also, insurance companies amend pricing every year in order to offset underwriting gains or losses. Unexpectedly high claims can result in additional price hikes, while a lower level of claims may result in lower-cost Denver car insurance rates.

To illustrate this example, the chart below shows rates for the cheapest car insurance in Denver, CO for a 35-year-old female driver with no violations or accidents, and a good credit rating. When comparing rates based on her personal profile, The Hartford offers the lowest car insurance rates in Denver at $1,106 each year. This is $472 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide are the remainder of the cheapest Denver, CO auto insurance companies.

In this example, we will give the driver in the first chart an accident surcharge, poor credit, and a speeding citation. Since each auto insurer uses their own calculation for determining rates, comparing prices could now result in a slightly different list of affordable Denver car insurance companies as shown below.

Travelers now has the lowest price on auto insurance in Denver, CO with State Farm, American Family, Amica, and USAA now being in the top five. This example proves why it is crucial to perform an extensive rate comparison when trying to get the most budget-friendly insurance rates for a learners permit. Auto insurance prices are calculated by many different factors and can change substantially, so the best price the last time you shopped your coverage around may now be one of the more expensive options.

How to find the cheapest auto insurance for a learners permit

It is possible to find better rates, and here are some penny-pinching solutions that can help Denver drivers locate lower-cost coverage.

The final tip is incredibly important, as we discussed in the prior information. Auto insurance prices change frequently, so don’t be afraid to buy a different policy if a cheaper rate is available.

Having a favorite company is fine, but we do not recommend it if that devotion results in you overpaying major coinage every year. It takes less than five minutes to shop around and find cheaper car insurance for a learners permit in Denver.

The Denver car insurance agencies listed below can most likely help you decide which is the best policy, since some drivers aren’t sure which coverage they need and prefer to have some advice when trying to find lower insurance rates for a learners permit. It can be time-consuming to find the best policy on your own, so getting advice from a licensed agent can provide comfort knowing your coverage gives you decent coverage if you have a claim.

To find an agent near you, click the button after the list.

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