What Insurance is Cheapest for Teachers in Denver?

For teachers and educators, one of the largest considerations that help determine the amount you pay for auto insurance is where you live. Regions with more people or even just more weather-related claims likely pay more, whereas more rural areas benefit from lower coverage costs.

The following table sorts the most expensive areas in Colorado for teachers to buy auto insurance in. Denver shows up at #3 with an annual rate of $1,397 for coverage, which is about $116 per month.

How much does car insurance cost in Denver, CO?
Rank City Premium Per Year
1 Pueblo $1,455
2 Aurora $1,417
3 Denver $1,397
4 Lakewood $1,378
5 Commerce City $1,328
6 Ken Caryl $1,313
7 Thornton $1,307
8 Security-Widefield $1,304
9 Northglenn $1,303
10 Colorado Springs $1,290
11 Brighton $1,285
12 Westminster $1,284
13 Highlands Ranch $1,279
14 Centennial $1,278
15 Arvada $1,256
16 Littleton $1,254
17 Parker $1,233
18 Broomfield $1,215
19 Castle Rock $1,211
20 Boulder $1,207
21 Longmont $1,179
22 Grand Junction $1,166
23 Greeley $1,122
24 Loveland $1,107
25 Fort Collins $1,100
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Prices are approximated as specific Denver zip code can decrease or increase premium rates greatly.

The vehicle model requiring insurance is a large factor when shopping around for the most economical auto insurance for teachers. Vehicles with lots of horsepower, poor safety features, or high incidents of liability claims will cost much more to insure than more modest models. The next list showcases insurance rates for a number of the cheapest vehicles to insure in Colorado.

Cheapest Vehicles to Insure in Denver, CO
Vehicle Make and Model Estimated Cost for Full Coverage
Ford Escape Limited 2WD $1,454
Chevrolet Impala LS $1,654
Toyota RAV4 4WD $1,687
Dodge Grand Caravan Hero $1,694
Ford Explorer Limited 2WD $1,719
Honda CR-V LX 2WD $1,744
Toyota Tacoma X-Runner 2WD $1,773
Jeep Wrangler Sport Islander Package 4WD 2-Dr $1,790
Ford F-150 STX Regular Cab 2WD $1,800
Toyota Prius $1,803
Nissan Rogue S 2WD $1,806
Ford Fusion Sport 4-Dr Sedan $1,814
Ford Edge SEL AWD $1,890
Hyundai Elantra SE Touring Station Wagon $1,898
Kia Optima EX $1,925
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Cost estimates assume single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Rate quotes do not factor in specific location information which can decrease or increase rates greatly.

Based on these rates, you can figure that models like the Ford Escape, Chevrolet Impala, Toyota RAV4, Dodge Grand Caravan, and Ford Explorer should be some of the most affordable vehicles to insure for teachers and educators.

The illustration below highlights how deductible choice can raise or lower insurance costs when researching cheap insurance for teachers. The information is based on a married male driver, full physical damage coverage, and no other discounts are factored in.

The data above shows that a 30-year-old driver could save $366 a year by changing from a $100 deductible to a $500 deductible, or save $550 by selecting a $1,000 deductible. Even younger drivers, like the Age 20 category, have the ability to save as much as $1,110 or more by choosing a higher deductible. When using a larger deductible, it will now be necessary to have plenty of money set aside to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Impact of careless driving on insurance rates

A great way to get the most affordable insurance premiums in Colorado for teachers and educators is to be a safe driver and avoid accidents and traffic citations. The chart below shows how traffic citations and fender-benders can raise insurance costs for different insured age categories. The prices are based on a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are factored in.

In the previous example, the average cost of a car insurance policy per year with no accidents or violations is $1,720. Receive one speeding ticket and the average cost hikes up to $1,973, an increase of $254 each year. Then add in one accident along with the one speeding ticket and the 12-month cost of insurance for teachers goes up to an average of $2,689. That’s an increase of $970, or $81 per month, just for being a careless driver!

Ending up with the highest-rated insurance provider can be rather challenging considering how many choices you have in Colorado. The rank data in the next section may help you select which auto insurance companies to look at when looking for cheaper rates.

These ratings include the largest companies in America, so companies without a large exposure will not be included in these rankings. To view rates from the insurers below and more, follow this link.

Top Ten Insurance Companies for Teachers in Colorado
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
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Data Source: Insure.com Best Car Insurance Companies

Why you should shop around

Denver insurance rates are influenced by many factors which can substantially change the cost of having a policy. Simply improving your credit, adding a teenager to your policy, or getting a DUI can cause premium changes resulting in some rates now being cheaper than before.

Not only that, but auto insurance companies change premium rates as needed to adjust for heavy claims or excess profits. Higher than normal claims may result in additional price hikes, while a better loss history can cause cheaper Denver car insurance rates.

The graph below analyzes the cheapest car insurance in Denver, CO for a 35-year-old male driver with a clear driving record, no claims, and solid credit. When quoting prices based on his personal risk profile, The Hartford may have the cheapest car insurance rates in Denver at $1,163 annually. This is $415 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide are also on the list of the best Denver, CO auto insurance companies.

Let’s now give the driver from above a chargeable claim, poor credit, and a speeding ticket. Due to the fact that each insurance company uses their own formula for determining prices, comparing prices may result in a different ranking of the cheapest Denver car insurance companies as shown below.

Travelers now has the best auto insurance rate in Denver, CO with State Farm, American Family, Progressive, and Grange now rounding out the top five. This example illustrates why consumers need to perform a complete rate comparison to find the most affordable insurance rates for teachers.

Insurance prices consist of many risk factors and change dramatically, so the best company two years ago may now be wasting a lot of money.