The words “low-priced” and “insurance” really shouldn’t be used in the same sentence, specifically when you are searching for the cheapest auto insurance for hybrid vehicles. Because it’s not cheap, let’s take a look at a few of the factors that have an effect on auto insurance premiums, and figure out some ideas to cut the cost of the next policy you buy.
The car, truck, or SUV that is being insured is one of the primary factors when trying to find the lowest-priced car insurance for hybrid vehicles. Vehicles with higher performance, poor crash test ratings, or an increased likelihood of liability claims will cost significantly more to insure than safer models. The list below features auto insurance costs for the most economical vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$1,365|
|Hyundai Elantra GLS Touring Station Wagon||$1,374|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,393|
|Ford Explorer Eddie Bauer 2WD||$1,399|
|Ford Escape XLS 4WD||$1,406|
|Ford Edge SEL AWD||$1,443|
|Volkswagen Jetta 2.0T Station Wagon||$1,458|
|Chevrolet Equinox LS 2WD||$1,471|
|Chevrolet Malibu Hybrid||$1,478|
|Honda Odyssey LX||$1,494|
|Toyota Corolla S||$1,551|
|Nissan Rogue SL 2WD||$1,577|
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Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Prices do not factor in Denver, CO location which can affect price quotes substantially.
Based upon these rates, makes and models like the Honda CR-V, Hyundai Elantra, Jeep Wrangler, and Ford Explorer should be some of the less-costly vehicles to insure for hybrids.
Establishing which companies have the cheapest car insurance rates for hybrid vehicles will take a little more sweat in order to find coverage that fits your budget. Every insurance provider has a proprietary method for determining rates, so let’s take a look at the car insurance companies that tend to be cheaper in Denver.
Find the Best Cheap Insurance for Hybrids
|Rank||Company||Cost Per Year|
|14||Colorado Farm Bureau||$1,576|
|View More Rates Go|
The Hartford generally has some of the best car insurance rates in Denver at around $850 a year. Grange, USAA, GEICO, and Nationwide would also make the list of some of the cheapest Denver, CO auto insurance companies.
As shown in the rates above, if you are a policyholder with USAA and switched to The Hartford, you might achieve an annual premium reduction of roughly $179. Drivers with GEICO may save as much as $291 a year, and Nationwide policyholders might cut rates by $293 a year.
To find the cheapest rates for your vehicle, click here to begin a quote or quote prices from the following companies.
These premium estimates are averages across all ages of drivers and types of vehicles and do not take into consideration a specific location for hybrid vehicles. So the car insurance company that can offer you the best rate may not even be in the list above. That emphasizes why you need to get car insurance quotes using your own driver information and specific vehicle type.
The diagram below shows how different deductible levels can affect insurance premiums when researching cheap insurance for hybrid vehicles. The premiums are based on a married female driver, comprehensive and collision coverage, and no other discounts are factored in.
The data above shows that a 30-year-old driver could pocket $388 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $586 by choosing a $1,000 deductible. Younger drivers, like the 20-year-old, can cut as much as $828 or more by selecting a higher deductible. When increasing deductibles, it will be required to have plenty of discretionary funds to offset the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Discounts on Denver car insurance rates
Insurance providers that offer coverage for hybrid vehicles may additionally offer special discounts that could potentially reduce rates by 40% or more if you meet certain criteria. Large car insurance companies and a summarized list of policyholder discounts are shown below.
- GEICO includes discounts for good student, emergency military deployment, air bags, seat belt use, multi-vehicle, five-year accident-free, and daytime running lights.
- Auto-Owners Insurance offers premium reductions for teen driver, air bags, mature driver, multi-policy, and company car.
- American Family may have discounts that include multi-vehicle, TimeAway discount, air bags, bundled insurance, Steer into Savings, accident-free, and good student.
- Esurance has discounts for multi-policy, safety device, DriveSense, multi-car, homeowner, and Switch & Save.
- Progressive discounts include online quote discount, online signing, multi-vehicle, continuous coverage, and homeowner.
- State Farm policyholders can earn discounts including defensive driving training, safe vehicle, multiple autos, anti-theft, accident-free, and Steer Clear safe driver discount.
- AAA offers discounts including multi-car, good driver, education and occupation, AAA membership discount, pay-in-full, multi-policy, and anti-theft.
The diagram below illustrates the comparison of insurance costs with and without discounts applied to the policy rates. The costs are based on a female driver, a clean driving record, no claims, Colorado state minimum liability limits, full physical damage coverage, and $500 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with safe-driver, claim-free, multiple vehicle, homeowner, anti-theft, and multiple policy discounts applied. When these discounts are applied to the policy premium, theamount saved on car insurance for hybrid vehicles is 28% or $596.
How to find the cheapest car insurance for hybrid vehicles
The list below shows a few thrifty solutions that can help you locate cheaper coverage.
- Save money by insuring your home and auto with the same company
- Do not get traffic violations
- If possible, do not file small claims
- Full coverage is expensive so only insure older vehicles for liability only
- Maintain a safe distance and avoid accidents
- Drive safe vehicles
- Look for cheaper rates once a year by shopping around
That final tip is especially vital, as was stressed in the prior information. Insurance rates in Denver fluctuate considerably, so drivers shouldn’t hesitate to switch companies if a lower-cost policy is available. Brand loyalty is not necessarily bad, but it’s not a good idea if your bullheadedness ends up costing you lots of money. Take a few minutes and compare prices to find cheaper car insurance for hybrid vehicles.
The insurance agents in Denver listed below are a good start to answer your questions and help you decide which coverages you need, as some drivers wish to have some advice when buying car insurance for hybrid vehicles. It can be hard to find the best coverage yourself, so using a licensed agent can give comfort knowing you have sufficient protection if you have a claim. To locate a Denver insurance agent close to you, click the button after the list or click here to compare price quotes now.
Affordable American Insurance-Lloyd Nguyen Agency
1834 S Sheridan Blvd – Denver, CO 80232 – (303) 936-7233
Allstate Insurance: Charles F. Simmons
797 S Pearl St – Denver, CO 80209 – (303) 722-0191
Madison Insurance Group
600 S Cherry St #900 – Denver, CO 80246 – (800) 636-6185
Lori Rickert State Farm®
714 S Pearl St – Denver, CO 80209 – (303) 757-7440