What Auto Insurance is Cheapest for Drivers with Accidents in Denver?

The words “cheap” and “insurance” probably shouldn’t be used together, in particular when searching for the best coverage prices for drivers with accidents. Because of the high cost, let’s familiarize you with a few of the things that have an effect on car insurance rates, and find some ways to take the bite out of your next policy.

Finding decent, low-priced insurance is confusing at best, and figuring out which companies have the best car insurance rates for drivers with accidents will require even more rate comparisons. Each auto insurance company uses a slightly different approach for determining rates, so let’s take a look at the lowest cost car insurance companies in Denver, CO.

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Rankings for the cheapest car insurance companies in Colorado
Rank Company Cost Per Year
1 The Hartford $850
2 Grange $949
3 USAA $999
4 Nationwide $1,143
5 GEICO $1,152
6 Travelers $1,171
7 Auto-Owners $1,192
8 State Farm $1,222
9 American Family $1,301
10 Progressive $1,362
11 Amica $1,381
12 California Casualty $1,444
13 Allied $1,483
14 Farmers $1,629
15 Colorado Farm Bureau $1,640
16 MetLife $1,830
17 Allstate $2,076
18 Encompass $2,231
19 Safeco $2,472
20 Titan $2,630
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The Hartford offers some of the best car insurance rates in Denver at around $850 a year. This is $728 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO also qualify as some of the best Denver, CO auto insurance companies.

In the above rates, if you have coverage with USAA and switched to The Hartford, you may realize a yearly price reduction of about $149. Customers with Nationwide could save as much as $293 a year, and GEICO policyholders might realize rate reductions of up to $302 a year.

To see how much you can save, click here to start your free quote or click several companies below for low rates.

These prices are averages across all drivers and vehicles in Colorado and do not factor in a specific location for drivers with accidents. So the auto insurance company that can offer you the best rate may not even be in the list above. That helps illustrate why you need to get quotes using your own specific driver and vehicle information.

For drivers with at-fault accidents, one of the more important components that are looked at to determine car insurance rates is your zip code. Cities with more crime and/or more people likely pay more, whereas areas with lower crime rates and fewer weather claims have the luxury of lower rates.

The following table lists the highest-priced places in Colorado for drivers with accidents to purchase car insurance in. Denver shows up at #1 with an annual cost of $1,439 for car insurance, which is about $120 monthly.

Car insurance prices in Denver
Rank City Annual Rate
1 Denver $1,439
2 Aurora $1,417
3 Pueblo $1,397
4 Lakewood $1,365
5 Commerce City $1,354
6 Northglenn $1,342
7 Security-Widefield $1,330
8 Centennial $1,317
9 Arvada $1,308
10 Brighton $1,285
11 Highlands Ranch $1,279
12 Colorado Springs $1,277
13 Ken Caryl $1,274
14 Thornton $1,268
15 Littleton $1,267
16 Castle Rock $1,261
17 Westminster $1,246
18 Parker $1,220
19 Broomfield $1,215
20 Grand Junction $1,166
21 Boulder $1,159
22 Longmont $1,144
23 Greeley $1,122
24 Loveland $1,063
25 Fort Collins $1,056
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Prices are estimated as vehicle location can increase or decrease insurance rates considerably.

The illustration below shows how different deductible levels can influence insurance prices when trying to find cheap insurance for drivers with accidents. The data is based on a married female driver, full coverage, and no discounts are factored in.

The chart above illustrates that a 50-year-old driver could lower their policy premium by $240 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $362 by changing to a $1,000 deductible. Youthful drivers, like the age 20 example, could potentially save as much as $594 or more just by using higher deductibles. When raising deductibles, it is a good idea to have additional savings on hand to be able to pay the extra out-of-pocket expense associated with higher deductibles.

Buying coverage from a highly-rated company is difficult considering how many companies sell insurance in Colorado. The ranking information shown next can help you select which auto insurers to look at when comparing rates.

The rankings below include companies that insure vehicles across America, so companies without a large exposure are not factored into these rankings. To view rates from these companies and more, click here.

Top 10 Large Auto Insurance Companies in Denver Ranked by Value

  1. USAA
  2. American Family
  3. The Hartford
  4. Titan Insurance
  5. The General
  6. AAA Insurance
  7. State Farm
  8. Nationwide
  9. Safeco
  10. Esurance

Top 10 Large Auto Insurance Companies in Denver Ranked by A.M. Best Rating

  1. USAA – A++
  2. Travelers – A++
  3. State Farm – A++
  4. GEICO – A++
  5. Esurance – A+
  6. Nationwide – A+
  7. Allstate – A+
  8. Progressive – A+
  9. Titan Insurance – A+
  10. The Hartford – A+

Bad driving habits will cost you more

The obvious way to receive low car insurance prices in Denver for drivers with at-fault accidents is to drive cautiously and not have accidents or get tickets. The illustration below illustrates how violations and at-fault claims can impact insurance premiums for each different age group. The rate quotes are based on a married female driver, full coverage, $100 deductibles, and no discounts are applied to the premium.

In the example above, the average cost of car insurance in Denver per year with no violations or accidents is $1,552. Factor in two speeding tickets and the average cost jumps to $2,212, an increase of $660 each year. Then include two accidents along with the two speeding tickets and the 12-month cost of car insurance for drivers with accidents jumps again to an average of $4,547. That’s an increase of $2,995, or $250 per month, just for not being attentive to the road!