What Insurance is Cheapest for a 20 Year Old Female in Denver?

The make and model of vehicle you are insuring is probably the largest consideration when shopping for the best cheap auto insurance for 20 year old women. Vehicles with reasonable performance levels, a plethora of safety features, or low incidents of liability claims will cost significantly less to insure than adrenaline junky models.

The next list ranks car insurance premiums for the most budget-friendly automobiles to buy coverage for.

Cheapest Vehicles to Insure in Denver, CO
Make, Model, and Trim Level Estimated Cost for Full Coverage
Ford Escape XLS 2WD $2,756
Honda CR-V LX 4WD $2,763
Hyundai Elantra SE Touring Station Wagon $2,972
Toyota Prius $3,015
Ford F-150 STX Regular Cab 4WD $3,091
Jeep Wrangler Sahara 4WD 2-Dr $3,100
Ford Explorer Eddie Bauer 2WD $3,091
Dodge Grand Caravan CV $3,098
Toyota Tacoma 2WD $3,226
Honda Odyssey EX $3,235
Chevrolet Impala LS $3,226
Jeep Grand Cherokee Laredo 4WD $3,266
Toyota Camry LE $3,276
Nissan Altima 2.5 4-Dr Sedan $3,266
Chevrolet Malibu Hybrid $3,272
Toyota RAV4 Sport 2WD $3,266
Honda Civic LX 4-Dr Sedan $3,404
Toyota Corolla XLE $3,444
Ford Edge Limited AWD $3,449
Volkswagen Jetta SEL 4-Dr Sedan $3,487
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Prices based on single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, and safe-driver. Rate quotes do not factor in the specific area where the vehicle is garaged which can modify coverage rates noticeably.

Looking at the numbers, we can infer that vehicles like the Ford Escape, Honda CR-V, Hyundai Elantra, Toyota Prius, and Ford F-150 are a few of the most affordable vehicles to insure for young women. The price for an auto insurance policy will tend to be more expensive anyway because there is more claim risk for 20 year old women, but overall those makes and models will have the cheapest rates available.

Trying to buy budget car insurance is not the easiest thing to accomplish, and finding out which companies have the most affordable auto insurance rates for 20 year old women will involve even more perseverance. Each auto insurance company has a proprietary method to determine rates, so let’s begin by examining the lowest cost auto insurance companies in Colorado.

It’s important to understand that Colorado auto insurance rates are impacted by many factors that control the cost of a policy. This is why Colorado drivers need to shop around to find the most budget-friendly insurance rates for 20 year old women. Rates can be altered by many things and can decrease or increase without notice, so the most affordable company six months ago may now cost much more than other companies.

Cheapest Insurance Rates for Women Age 20

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The Hartford quotes some of the cheapest car insurance rates in Denver at around $825 a year. Grange, USAA, Nationwide, and Auto-Owners would also make the list of some of the lowest-priced Denver, CO insurance companies.

As depicted above, if you are a customer of Nationwide and switched to The Hartford, you may see yearly savings of about $318. Policyholders with Auto-Owners might save as much as $331 a year, and Travelers insureds might realize rate reductions of up to $358 a year.

To compare your rates to other Colorado insurance companies, click here to start your custom quote or click several companies below for low rates.

Understand that those policy prices are averaged across all drivers and vehicles and and are not figured with an exact location for 20 year old women. So the auto insurance company that can offer the best rates for your situation may not even be in the top 21 companies in the list above. That point stresses why you need to get quotes using your own specific driver information and vehicle.

One of the more important considerations that aid in calculating the amount you pay for auto insurance is the neighborhood you call home in Denver. More densely populated places are more likely to pay higher prices, whereas areas with less congestion have the benefit of cheaper auto insurance prices.

The following table lists the most expensive places in Colorado for 20 year old women to purchase car insurance in. Denver is ranked at #2 with the yearly price of $1,397 for the average insurance policy, which is approximately $116 each month.

Car insurance prices in Denver
Rank City Annual Rate
1 Pueblo $1,440
2 Denver $1,397
3 Aurora $1,375
4 Commerce City $1,368
5 Northglenn $1,342
6 Lakewood $1,337
7 Colorado Springs $1,329
8 Ken Caryl $1,326
9 Centennial $1,304
10 Security-Widefield $1,304
11 Arvada $1,295
12 Highlands Ranch $1,279
13 Westminster $1,272
14 Thornton $1,268
15 Castle Rock $1,261
16 Littleton $1,254
17 Brighton $1,247
18 Parker $1,233
19 Broomfield $1,215
20 Boulder $1,195
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Price information shown is comparative as the specific area where the vehicle is garaged can impact insurance rates substantially.

Irresponsible driving raises your rates

In a perfect world, the best way to enjoy good auto insurance prices for young women is to be a cautious driver and avoid traffic citations and accidents. The information below highlights how speeding tickets and at-fault collisions drive up annual premium costs for different age groups. The premiums assume a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied to the premium.

In the example above, the average cost of car insurance in Colorado per year with a clean driving record and no accidents is $2,341. Add in one speeding ticket and the average cost jumps to $2,688, an increase of $347 each year. Then include one accident along with the one speeding ticket and the annual cost of auto insurance for 20 year old women jumps again to an average of $3,673. That’s an increase of $1,332, or $111 per month, just for a couple of infractions!

The diagram below demonstrates how deductible levels can change insurance costs when getting quotes for cheap insurance for 20 year old women. The rate quotes are based on a married female driver, comprehensive and collision coverage, and no policy discounts are applied.

In the chart above, a 50-year-old driver could reduce rates by $240 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $362 by selecting a $1,000 deductible. Even younger drivers, such as the 20-year-old example, could lower their rates up to $594 or more just by choosing higher deductibles. If you make the decision to raise deductibles, it is essential to have plenty of savings on hand to allow you to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

Shop around and save

Denver auto insurance rates are calculated based on many things which can substantially decrease or increase the price of coverage. Improving your credit rating, buying a home instead of renting, or getting a DUI can produce rate changes that can make some companies cheaper than competitors. Not only that, but auto insurance companies change the rates they charge in Colorado at least once a year in order to remain profitable. A period of higher than normal claims can cause higher prices, while a better loss history can cause cheaper Denver car insurance rates.

To illustrate this example, the data below shows which company has the cheapest car insurance in Denver, CO for a 40-year-old female driver with a good driving record, no prior claims, and solid credit. When quoting prices based on her current situation, The Hartford might offer the best car insurance rates in Denver at $1,091 per year. This is $487 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide are the remainder of the cheapest Denver, CO auto insurance companies.

The chart below compares rates after we give the driver from the above example a couple of claims, bad credit, and a traffic citation. Due to the fact that every auto insurer uses their own calculation to establish rates, comparing prices most likely will result in a different ranking of the cheapest companies as shown below.

Travelers now has the cheapest rate in Denver with State Farm, American Family, Grange, and Progressive also having competitive pricing. This example illustrates why consumers need to take the time to compare as many rates as possible to find the best insurance quotes for 20 year old women. Insurance prices are determined by many different factors and change dramatically, so the best company the last time you shopped your coverage around may now be quite expensive.

If you would rather have some professional guidance when comparing insurance rates for 20 year old women, the professional agents shown below can provide answers to your questions and help you determine which is the best policy.

To locate a Denver insurance agent near you, click the button below the list or click here to compare rates now.

Tiffany Meidinger – State Farm Insurance Agent
1100 Acoma StDenver, CO 80204(720) 508-8760

Allstate Insurance: Charles F. Simmons
797 S Pearl StDenver, CO 80209(303) 722-0191

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

L A Insurance
2684 S BroadwayDenver, CO 80210(303) 282-8000

Find a Denver, CO insurance agent near you

Ideas for finding economical auto insurance for 20 year old women

The list below details some penny-pinching suggestions that can help drivers quote lower-cost auto insurance.

That last idea is very important, as was pointed out in this article. Prices in Denver can change significantly in a year, so drivers shouldn’t be resistant to switch carriers if a lower-cost policy is available. Brand loyalty is not necessarily bad, but it’s not recommended if that devotion results in you overpaying thousands of dollars over the life of your policy. It takes less than five minutes to shop around and find cheaper car insurance for 20 year old women.