One of the more important factors that are used to help calculate the annual cost of car insurance is where your residence is in Denver. Areas with high crime rates or more dense population tend to pay more, whereas areas with less people or fewer weather incidents have the benefit of cheaper auto insurance prices.
The information below sorts the priciest cities in Colorado for low mileage drivers to purchase auto insurance in. Denver is listed at #2 costing $1,425 for car insurance, which is about $119 per month.
|Rank||City||Premium Per Year|
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Rates are approximated as the vehicle garaging location can lower or raise coverage prices considerably.
The make and model of vehicle you are seeking coverage for is one of the main factors when consumers are trying to find low-cost car insurance for low mileage drivers. Vehicles with lots of speed or power, a lack of safety features, or high incidents of liability claims will cost much more to insure than safer models.
The list below estimates auto insurance premiums for a handful of the more affordable vehicles to buy coverage for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$1,505|
|Honda CR-V EX-L 4WD||$1,540|
|Ford Explorer XLT 4WD||$1,545|
|Honda Accord EX-L 4-Dr Sedan||$1,683|
|Hyundai Elantra SE Touring Station Wagon||$1,688|
|Honda Civic LX 4-Dr Sedan||$1,691|
|Chevrolet Malibu LTZ||$1,752|
|Volkswagen Jetta SEL 4-Dr Sedan||$1,761|
|Ford F-150 Lariat King Ranch 2WD||$1,752|
|Chevrolet Equinox LS AWD||$1,786|
|Dodge Grand Caravan Hero||$1,794|
|Toyota RAV4 2WD||$1,786|
|Ford Edge SE AWD||$1,799|
|Chevrolet Impala LT||$1,839|
|Ford Focus SES 4-Dr Sedan||$1,849|
|Toyota Camry Hybrid||$1,868|
|Chevrolet Silverado 2500HD LTZ Crew Cab Diesel 4WD||$1,871|
|GMC Sierra SLT Crew Cab 4WD||$1,881|
|Honda Odyssey EX-L W/Rear Entertainment||$1,884|
|Toyota Camry XLE||$1,890|
|Toyota Corolla S||$1,884|
|Toyota Tacoma X-Runner 2WD||$1,893|
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Table data represents single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, multi-policy, and homeowner. Price information does not factor in specific garaging location which can change rates noticeably.
Based upon the rates shown, models like the Ford Escape, Honda CR-V, Ford Explorer, and Toyota Prius should be a few of the most economical vehicles to insure for infrequent drivers.
Picking a highly-rated auto insurance company is hard considering how many different companies sell coverage in Colorado. The company ratings displayed below can help you decide which auto insurers to look at when buying insurance for low mileage drivers.
The rankings below are only made up of the largest companies in America, so companies that only write business in Colorado or surrounding areas will not be included in this list. To get rate quotes and find cheaper insurance for low mileage drivers, follow this link.
Top 10 Large Auto Insurers Overall in Denver
- American Family
- State Farm
- The Hartford
- AAA Insurance
- The General
- Titan Insurance
Top 10 Large Auto Insurers in Denver Ranked by Customer Satisfaction
- Titan Insurance – 95%
- USAA – 94%
- AAA Insurance – 91%
- Nationwide – 90%
- State Farm – 90%
- The Hartford – 89%
- GEICO – 89%
- Allstate – 88%
- 21st Century – 88%
- The General – 88%
Rate difference between full and liability-only coverage
Lowering the price of insurance is important to most drivers, and one of the easiest ways to reduce the cost of insurance for low mileage drivers is to not pay for full coverage. The example below visualizes the comparison of insurance costs when comparing full coverage to liability only. The rates are based on no violations or accidents, $250 deductibles, marital status is single, and no discounts are applied.
As an overall average, comp and collision coverage costs $2,040 per year over and above liability only. At some point, every insured wonders if buying full coverage is a good investment. There is no set rule of when to phase out comprehensive and collision coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is more than 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.
There are some circumstances where dropping physical damage coverage is not advised. If you haven’t paid off your loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not buy liability only.
If you wish to have professional advice when buying car insurance for infrequent drivers, the insurance agencies below can help you determine which car insurance company is the best fit.
To locate an agency by location nearest to you, click the button below the list.
- State Farm: Charles Insurance Agency
1165 S Broadway #114 – Denver, CO 80210 – (303) 777-7161
- Alan Deines – State Farm Insurance Agent
2120 S Ash St Unit 150 – Denver, CO 80222 – (303) 388-4400
- Farmers Insurance Agent Mike
I-25 – Denver, CO 80231 – (303) 752-2900
How to find more affordable car insurance for low mileage drivers
It’s not impossible to find cheaper rates, and here are some penny-pinching suggestions that can help drivers get lower-cost coverage.
- Try to pay small claims out-of-pocket
- Just one traffic violation will increase your rates
- Staying accident-free helps keep rates low
- Vehicles with good safety ratings have lower liability rates
- Better credit rating means better rates
- Compare rate quotes frequently
That last piece of advice is certainly significant, as we discussed in this article. Insurance prices vary greatly, so drivers shouldn’t hesitate to buy from a new company if a cheaper rate is available.
Staying with the same car insurance company is fine, but we do not recommend it if your bullheadedness ends up costing you a considerable chunk of change every month. It only takes a couple minutes to compare prices and find cheaper car insurance for low mileage drivers in Denver.