How Much is Auto Insurance for Ride Shares in Denver?

It would sure be easy if we could just give you the name of the one company that has the most affordable coverage in Colorado. It’s not that easy, however, as there are a whole bunch of unknown elements like if you have any driving citations, what coverage limits you want, the vehicle you are insuring, and what level of deductibles you wish to have, that all influence how much you pay for auto insurance. The content below will cover the best ways to pay less and will hopefully give the reader a good start to your coverage search.

One of the many things that are looked at to help calculate auto insurance rates is where your residence is in Denver. Areas with increased crime or more people will most likely pay more, whereas areas that tend to be more rural benefit from lower rates.

The information below shows the most expensive areas in Colorado for good students in which to buy car insurance. Denver is ranked #3 with a yearly premium of $1,383 for the average insured, which is around $115 monthly.

How much is car insurance in Denver?
Rank City Annual Rate
1 Aurora $1,403
2 Pueblo $1,397
3 Denver $1,383
4 Commerce City $1,354
5 Colorado Springs $1,329
6 Ken Caryl $1,326
7 Lakewood $1,324
8 Arvada $1,308
9 Thornton $1,307
10 Littleton $1,306
11 Northglenn $1,303
12 Security-Widefield $1,291
13 Centennial $1,278
14 Brighton $1,273
15 Highlands Ranch $1,267
16 Parker $1,257
17 Castle Rock $1,248
18 Westminster $1,234
19 Broomfield $1,167
20 Grand Junction $1,166
21 Boulder $1,159
22 Longmont $1,133
23 Greeley $1,110
24 Fort Collins $1,067
25 Loveland $1,063
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Rate information is comparative as the specific area where the vehicle is garaged can increase or decrease rates greatly.

The make and model of vehicle needing coverage is one of the biggest factors when consumers are trying to find economical auto insurance for good students. Vehicles with average performance, modern passenger safety features, or low incidents of liability claims will cost substantially less to insure than adrenaline junky models.

The next table shows car insurance premiums for some of the cheapest automobiles to buy coverage for.

Cheapest Vehicles to Insure in Denver, CO
Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 4WD $1,465
Chevrolet Equinox LT 2WD $1,511
GMC Sierra SLE Crew Cab 2WD $1,518
Chevrolet Impala LT $1,511
Jeep Wrangler Unlimited Sport 2WD 4-Dr $1,539
Hyundai Elantra GLS Touring Station Wagon $1,568
Honda Odyssey EX-L W/Navigation $1,591
Ford Escape XLT 4WD $1,606
Jeep Grand Cherokee Limited 2WD $1,619
GMC Sierra 2500HD SLE Extended Cab 4WD $1,627
Toyota Prius $1,619
Nissan Rogue S 2WD $1,621
Kia Optima LX $1,627
Toyota RAV4 2WD $1,729
Toyota Tacoma 4WD $1,755
Ford Explorer XLT 4WD $1,760
Ford F-150 SVT Raptor Super Cab 4WD $1,763
Ford Edge SE AWD $1,816
Ford Focus SE 4-Dr Sedan $1,822
Volkswagen Jetta 2.0T Station Wagon $1,840
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Rate quotes do not factor in the specific area where the vehicle is garaged which can change premium rates considerably.

Based upon the rates shown, you can figure that cars like the Honda CR-V, Chevrolet Equinox, GMC Sierra, and Chevrolet Impala are some of the cheapest vehicles to insure for student drivers.

Determining which companies quote the best car insurance rates for good students may require a little more sweat in order to find a policy that fits your budget. Every insurance company has their own guidelines for filing rates in each state, so let’s look at the rankings for the car insurance companies that tend to be cheaper in Denver, CO.

It’s a good idea to be aware that Colorado car insurance rates are influenced by many factors which can substantially decrease or increase the price you have to pay. Simply improving your credit, increasing liability limits, or having an at-fault accident can produce rate changes that may make certain companies cheaper than others.

Find Cheaper Car Insurance for Students

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The Hartford has some of the most affordable car insurance rates in Denver at around $859 annually. This is $719 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide would also make the list of some of the more affordable Denver, CO insurance companies.

As the rates illustrate above, if you are insured with GEICO and switched to The Hartford, you could realize annual savings of upwards of $282. Policyholders with Nationwide may save as much as $284 a year, and Auto-Owners customers might lower prices by up to $297 a year.

To get a fast rate comparison, click here or quote rates from the companies below.

Remember that these premiums are averaged for all drivers and vehicles and do not factor in a vehicle location for good students. So the car insurance company that has the lowest price for you may not even be in the list above. That affirms the importance of why you need to get quotes using your own personal information and vehicle type.

Insuring your vehicle with the right car insurance provider can be a challenge considering how many companies sell insurance in Denver. The company information below could help you analyze which providers you want to consider when shopping car insurance rates for good students.

These ratings include large nationwide companies, so companies with more of a regional focus are not taken into consideration for these rankings. To compare prices from these top-rated insurers and more, follow this link.

Denver, CO Car 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: Best Car Insurance Companies

Rate comparison of full coverage and liability-only

Paying less for car insurance is the goal of the majority of drivers, and one easy way to find cheaper insurance for good students is to not insure for full coverage. The illustration below visualizes the comparison of yearly insurance costs with and without full coverage. The price estimates are based on a clean driving record, no claims, $500 deductibles, drivers are not married, and no other discounts are factored in.

If we average the cost for all age groups, comp and collision coverage costs an extra $1,813 per year more than just buying liability insurance. A very common question is when is it a good idea to stop buying full coverage. There is no definitive formula of when to exclude physical damage coverage on your policy, but there is a general guideline. If the yearly cost for physical damage coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

There are a few situations where removing full coverage is not financially feasible. If you still owe money on your vehicle, you must maintain physical damage coverage to protect the lienholder’s interest. Also, if your savings is not enough to buy a different vehicle if your current one is damaged, you should keep full coverage on your policy.

Are you paying too much for car insurance in Denver?

Denver car insurance rates are determined by lots of factors that will increase or decrease the price of coverage. Improving your credit rating, buying a different vehicle, or getting a ticket for running a stop sign can cause premium changes that can cause some rates to be more affordable than before. And not only may your rating factors change, but auto insurance companies file new Colorado car insurance rates every year to adjust for gains or losses. Significantly higher claims may result in more expensive premiums, while profitable underwriting may produce cheaper Denver car insurance rates.

The data below demonstrates which company has the cheapest car insurance in Denver, CO for a 30-year-old male driver with no prior accidents, a clean driving record, and solid credit. If we compare prices based on his personal risk profile, The Hartford quotes the lowest car insurance rates in Denver at $1,102 each year. This is $476 less than the average price paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Auto-Owners are the remainder of the most affordable Denver, CO auto insurance companies.

Now we will give the driver from the first set of rates a claim surcharge, a lower credit score, and an imperfect driving record. Due to the fact that every insurance company uses their own calculation to set their prices, analyzing rates will most likely result in a new list of affordable companies as shown below.

GEICO now has the lowest car insurance rate in Denver with State Farm, American Family, Progressive, and Grange also having competitive pricing. This example proves why it is so important to compare rates when trying to get the cheapest auto insurance quotes for good students.

Auto insurance prices consist of many different factors and change substantially, so the cheapest company a year ago may now be priced much higher than other options.

How to find more affordable auto insurance for good students

Lowering your rates is not difficult, and here are some of the recommended penny-pinching suggestions that can help you locate cheap auto insurance.

The last tip in the list is incredibly vital, as was noted in this write-up. Auto insurance prices adjust frequently, so don’t be tentative to switch to a new company if a better rate can be found. Sticking with a specific company is fine, but it’s not a good idea if it’s costing you a small fortune year after year. In less than five minutes you could compare rates to find cheaper car insurance for good students in Denver.

If you have questions and prefer to have some advice when buying car insurance for good students, the agents shown below can answer your questions and help you decide which coverages you need.

To locate an agency nearest to you, click the button at the bottom of the list.

Lori Rickert State FarmĀ®
714 S Pearl StDenver, CO 80209(303) 757-7440

Caramel Russell-Rouse – State Farm Insurance Agent
999 S Monaco Pkwy #200Denver, CO 80224(303) 424-0420

Allstate Insurance: Denise Hoffman
535 16th St #350Denver, CO 80202(303) 628-0554

More Denver, CO insurance agents