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.
| 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 |
| Compare Prices Now Go | ||
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.
| 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 |
| Compare Rates Now Go | |
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
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.
| 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 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com 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.
- Discounts for being claim-free can be substantial
- Safe vehicles generally have lower rates
- You will pay more if you get tickets or have at-fault accidents
- Good credit can mean cheaper rates
- Accidents can significantly increase rates
- Comparison shop at least once a year
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 Farm®
714 S Pearl St – Denver, CO 80209 – (303) 757-7440
Caramel Russell-Rouse – State Farm Insurance Agent
999 S Monaco Pkwy #200 – Denver, CO 80224 – (303) 424-0420
Allstate Insurance: Denise Hoffman
535 16th St #350 – Denver, CO 80202 – (303) 628-0554