When looking for lower-cost insurance, are you overwhelmed by the sheer number of car insurance sources in your area? Consumers have such a large number of options that it can easily turn into a burden to find lower prices on car insurance. Lots of people think Denver has lots to offer, but expensive car insurance can make it hard for many residents to afford coverage.
It’s hard to believe, but the vast majority of consumers renewed their policy with the same company for more than four years, and just under half have never compared rate quotes at all. Colorado drivers can save roughly $610 each year just by getting comparison quotes, but they feel it’s too difficult to compare other rate quotes.
You need to shop coverage around at least once a year because rates are constantly changing. Just because you found the best deal on car insurance a few years ago you can probably find a lower rate today. Forget anything you know (or think you know) about car insurance because you’re about to find out the fastest and easiest way to get good coverage on car insurance at a lower rate.
If you have a current auto insurance policy, you stand a good chance to be able to save money using these techniques. Quoting and buying the most affordable coverage in Denver is quite easy. Nevertheless, Colorado car owners must understand how insurance companies charge you for coverage because it can help you find the best coverage.
Companies offering competitive rates in Denver, CO
The companies shown below provide free rate quotes in Denver, CO. If several companies are displayed, it’s highly recommended you visit as many as you can to get the lowest price.
| Make, Model, and Trim Level | Annual Policy Premium | 6-month Policy Premium | Monthly Premium | ||||
|---|---|---|---|---|---|---|---|
| Chevrolet Colorado LT Crew Cab 2WD | $1,066 | $533 | $89 | ||||
| Chevrolet Equinox LS 2WD | $816 | $408 | $68 | ||||
| Chevrolet Silverado LT Crew Cab 2WD | $1,538 | $769 | $128 | ||||
| Dodge Ram Quad Cab Sport 4WD | $1,768 | $884 | $147 | ||||
| Ford Escape XLS 4WD | $1,018 | $509 | $85 | ||||
| Ford F-150 STX Regular Cab 2WD | $1,054 | $527 | $88 | ||||
| Ford Focus SE 2-Dr Coupe | $1,018 | $509 | $85 | ||||
| Honda Accord LX-S 2-Dr Coupe | $1,326 | $663 | $111 | ||||
| Honda CR-V EX 2WD | $936 | $468 | $78 | ||||
| Honda Civic EX-L 2-Dr Coupe | $1,666 | $833 | $139 | ||||
| Jeep Grand Cherokee SRT-8 4WD | $1,344 | $672 | $112 | ||||
| Jeep Wrangler Sport 4WD 2-Dr | $884 | $442 | $74 | ||||
| Kia Optima SX | $1,102 | $551 | $92 | ||||
| Nissan Altima 3.5 SR 2-Dr Coupe | $1,240 | $620 | $103 | ||||
| Toyota Camry LE | $934 | $467 | $78 | ||||
| Toyota Corolla XRS | $1,004 | $502 | $84 | ||||
| Toyota RAV4 Sport 4WD | $924 | $462 | $77 | ||||
| Get Your Own Custom Quote Go | |||||||
Cost estimates assume married male driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Estimates do not factor in specific location which can change coverage prices greatly.
Higher deductibles save money
One common question asked by Denver drivers is which deductible level should you buy. The rates below may help to conceptualize the price difference between low and high comp and collision deductibles. The first data set uses a $100 physical damage deductible and the second pricing table uses a $1,000 deductible.
Nissan Altima rates are for example purposes only. To get rates for your specific vehicle, click here.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Altima 2.5 4-Dr Sedan | $302 | $546 | $352 | $20 | $106 | $1,351 | $113 |
| Altima 2.5 S 4-Dr Sedan | $302 | $644 | $352 | $20 | $106 | $1,449 | $121 |
| Altima Hybrid 4-Dr Sedan | $342 | $644 | $352 | $20 | $106 | $1,489 | $124 |
| Altima 2.5 S 2-Dr Coupe | $342 | $644 | $396 | $24 | $118 | $1,549 | $129 |
| Altima 3.5 SR 4-Dr Sedan | $342 | $644 | $352 | $20 | $106 | $1,489 | $124 |
| Altima 3.5 SR 2-Dr Coupe | $342 | $740 | $396 | $24 | $118 | $1,645 | $137 |
| Get a Quote for Your Vehicle Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Altima 2.5 4-Dr Sedan | $168 | $288 | $352 | $20 | $106 | $934 | $78 |
| Altima 2.5 S 4-Dr Sedan | $168 | $340 | $352 | $20 | $106 | $986 | $82 |
| Altima Hybrid 4-Dr Sedan | $190 | $340 | $352 | $20 | $106 | $1,008 | $84 |
| Altima 2.5 S 2-Dr Coupe | $190 | $340 | $396 | $24 | $118 | $1,068 | $89 |
| Altima 3.5 SR 4-Dr Sedan | $190 | $340 | $352 | $20 | $106 | $1,008 | $84 |
| Altima 3.5 SR 2-Dr Coupe | $190 | $390 | $396 | $24 | $118 | $1,118 | $93 |
| Get a Quote for Your Vehicle Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, multi-policy, and safe-driver. Rate quotes do not factor in Denver location which can change rates significantly.
Based on this data, using a $100 deductible will cost in the ballpark of $40 more each month or $480 each year than requesting the higher $1,000 deductible. Because you would be required to pay $900 more out of your own pocket with a $1,000 deductible as compared to a $100 deductible, if you have more than 23 months between claim filings, you would most likely save money if you choose a higher deductible. Below is the way you can perform this determination yourself.
| Average monthly premium for $100 deductibles: | $125 |
| Average monthly premium for $1,000 deductibles (subtract): | – $85 |
| Monthly savings from raising deductible: | $40 |
| Difference between deductibles ($1,000 – $100): | $900 |
| Divide difference by monthly savings: | $900 / $40 |
| Number of months required between physical damage coverage claims in order to save money by choosing the higher deductible | 23 months |
One important caveat is that a higher deductible results in having to pay to pay more out-of-pocket when you do file a claim. That will require enough disposable income in the event you have to pay more to get your vehicle repaired.
Deductible analysis
The information below shows how choosing a deductible and can impact Chevrolet Tahoe insurance costs for different insured age categories. Data assumes a single male driver, full coverage, and no policy discounts are applied.
Chevrolet Tahoe rates are for example purposes only. To get rates for your specific vehicle, click here.
Comparison of car insurance rates by gender and age
The diagram below shows the comparison of insurance premiums for male and female drivers in Denver. The data is based on no tickets, no at-fault accidents, full physical damage coverage, $250 deductibles, single marital status, and no discounts are taken into consideration on a Hyundai Elantra SE Touring.
Hyundai Elantra rates are for example purposes only. To get rate quotes for your specific vehicle, click here.
What impacts Denver car insurance rates?
Consumers need to have an understanding of some of the elements that play a part in calculating your car insurance rates. If you have some idea of what positively or negatively impacts your premiums, this allows you to make educated decisions that can earn you much lower annual insurance costs. Many factors are used when you get your auto insurance bill. Most are fairly basic like a motor vehicle report, although some other factors are not quite as obvious such as your credit history or how financially stable you are.
Listed below are a partial list of the pieces companies use to determine your premiums.
Discounts for multiple policies – Most larger car insurance companies apply lower prices for people who consolidate policies with them such as combining an auto and homeowners policy. The discount can be 10 percent or more. Even if you’re getting this discount it’s in your best interest to comparison shop to guarantee you are still saving the most.
Occupation and insurance rates – Occupations like lawyers, architects and miners tend to have higher premiums than the average policyholder because of stressful work requirements and long work days. Conversely, occupations such as actors, students and retirees receive lower rates.
Obey driving laws and save – Only having one speeding ticket could increase your next policy renewal by twenty percent. Drivers who don’t get tickets pay less for auto insurance as compared to careless drivers. Drivers who get severe violations like reckless driving or DUI are required to file a SR-22 to the state department of motor vehicles in order to drive a vehicle legally.
Pleasure use saves money – Driving a lot of miles in a year the more you’ll pay to insure it. Most insurance companies charge to insure your cars based on their usage. Autos that do not get driven very much get more affordable rates than vehicles that are driven to work every day. Verify your vehicle rating reflects the proper vehicle usage, because it can save money.
Premiums and your address – Being located in a small town has definite advantages when talking about car insurance. Urban drivers have more road rage incidents and longer commutes to work. Lower population translates into fewer accident claims and also fewer theft and vandalism claims.
Lower prices with uninterrupted coverage – Going without insurance is a sure-fire way to increase your rates. Not only will you pay more, the inability to provide proof of insurance may earn you a fine, jail time, or a revoked license. You could then be forced to provide proof of insurance in the form of an SR-22 filing with the Colorado motor vehicle department to get your license reinstated.
Cars with good safety ratings are cheaper to insure – Vehicles with good safety scores tend to have lower insurance rates. Vehicles built for safety reduce occupant injuries and reduced instances of injuries translates directly to fewer claims and thus lower rates. If your car scored at minimum an “acceptable” rating on the Insurance Institute for Highway Safety website it may be receiving lower rates.
Get discounts on Denver insurance
The price of auto insurance can be rather high, but there are discounts available that can dramatically reduce your bill. Some trigger automatically when you purchase, but a few need to be specially asked for prior to receiving the credit.
- Multiple Cars – Insuring multiple vehicles on one policy could earn a price break for each car.
- Multi-policy Discount – If you can combine your homeowners and auto policy with one insurance company you could save 10% to 20% off each policy.
- Discounts for Safe Drivers – Safe drivers could pay up to 40% less than less cautious drivers.
- Denver Homeowners Discount – Just being a homeowner can get you a discount because maintaining a house is proof of financial responsibility.
- Active Service Discounts – Being on active duty in the military may qualify for rate reductions.
- Anti-theft Discount – Cars, trucks, and SUVs with anti-theft systems are stolen with less frequency and can earn a small discount on your policy.
- Claim Free – Denver drivers who stay claim-free can earn big discounts compared to drivers who are more careless.
As a sidenote, most discounts do not apply to your bottom line cost. A few only apply to the cost of specific coverages such as comprehensive or collision. Despite the fact that it seems like you could get a free insurance policy, companies don’t profit that way.
A list of insurance companies and some of their more popular discounts can be found below.
- GEICO has discounts for daytime running lights, defensive driver, anti-lock brakes, anti-theft, military active duty, five-year accident-free, and membership and employees.
- Auto-Owners Insurance offers discounts for teen driver, company car, student away at school, paperless, safe vehicle, anti-lock brakes, and good student.
- American Family includes discounts for mySafetyValet, air bags, Steer into Savings, early bird, and bundled insurance.
- Esurance offers discounts including anti-lock brakes, online quote, Pac-12 alumni, Switch & Save, multi-policy, and emergency road assistance.
- Progressive policyholders can earn discounts including continuous coverage, good student, multi-policy, homeowner, online quote discount, and online signing.
- State Farm may include discounts for safe vehicle, accident-free, anti-theft, driver’s education, and multiple autos.
- AAA may offer discounts for pay-in-full, multi-policy, multi-car, AAA membership discount, good driver, and good student.
When quoting, ask each company what discounts are available to you. Some of the earlier mentioned discounts might not apply in Denver. To view insurers who offer discounts in Denver, click here to view.
When should I contact a local insurance agent?
A small number of people still prefer to get advice from a local agent and that can be a smart move An additional benefit of comparing rates online is the fact that you can find cheap rate quotes but also keep your business local. Buying insurance from local insurance agents is still important in Denver.
Once you complete this form (opens in new window), your information is submitted to agents in your area who will gladly provide quotes for your coverage. You won’t even need to visit any agencies because quoted prices will be sent directly to you. You’ll get the best rates AND a local agent. In the event you want to get a rate quote from one company in particular, you can always find their quoting web page and complete a quote there.
The different types of car insurance agents
When searching for a local agent, it can be helpful to understand the different types of agencies and how they work. Agents in Denver are classified as either independent agents or exclusive agents.
Independent Insurance Agencies
Agents in the independent channel can quote rates with many companies so as a result can place your coverage with a variety of different insurance companies and find the cheapest rate. If your premiums go up, they simply switch companies in-house which makes it simple for you.
When comparing rate quotes, it’s recommended you get quotes from several independent insurance agents to have the most options to choose from. Most independent agents also contract with lesser-known insurance companies which may provide better rates.
Shown below is a small list of independent insurance agencies in Denver that can give you comparison quotes.
- Henry Ham Agency, Inc
645 E Evans Ave – Denver, CO 80210 – (303) 744-1341 – View Map - Insurance Town and Country
1735 E 17th Ave #3 – Denver, CO 80218 – (303) 388-7216 – View Map - American Home Insurance Agency
7505 E Harvard Ave – Denver, CO 80231 – (888) 325-8108 – View Map
Exclusive Insurance Agencies
Agents that choose to be exclusive can only provide one company’s prices and examples are Allstate, State Farm and Farmers Insurance. Exclusive agencies are unable to compare other company’s rates so they are skilled at selling on more than just price. Exclusive agents are very knowledgeable on their products and sales techniques which aids in selling service over price. A lot of people use the same exclusive agent mostly because of the prominent brand name and strong financial ratings.
Listed below are Denver exclusive agencies who can help you get rate quotes.
- Caramel Russell-Rouse – State Farm Insurance Agent
999 S Monaco Pkwy #200 – Denver, CO 80224 – (303) 424-0420 – View Map - Kelly Wells – State Farm Insurance Agent
1855 S Pearl St Ste 100 – Denver, CO 80210 – (303) 862-4579 – View Map - Beth Bales – State Farm Insurance Agent
3650 S Yosemite St #408 – Denver, CO 80237 – (303) 993-2727 – View Map
Finding the right auto insurance agent needs to be determined by more than just the bottom line cost. Here are some questions you might want to ask.
- Is the agency active in community causes in Denver?
- Is coverage determined by price?
- Are they in the agency full-time?
- Does the agency have a good rating with the Better Business Bureau?
- Do they offer rental car reimbursement?
Misconceptions in auto insurance advertisements
Big name companies like State Farm, GEICO and Progressive continually stream television, radio, and online ads. They all say the same thing of big savings if you switch your policy. How does every company have lower policy pricing? Just pay attention to how they say it.
All companies quote the lowest rates for the type of driver that is profitable for them. For instance, this type of insured might be over the age of 45, carries high limits, and drives a vehicle with a low ISO rating. Any driver that meets those criteria receives the best premium rates in Denver and have a good chance to save a lot on Denver auto insurance if they switch.
Insureds who cannot meet these criteria will be charged higher premium rates which usually ends up with the driver buying from a lower-cost company. The ad wording is “drivers that switch” not “everybody who quotes” save that kind of money. That’s the way companies can advertise the savings.
This really illustrates why drivers must get Denver auto insurance quotes from several different companies. It’s impossible to know which auto insurance company will provide you with the cheapest auto insurance in Denver.
Insurance claim statistics
Is your vehicle likely to have claims? The following claim statistics show the highest and lowest vehicles for overall likelihood of having to file claims organized by coverage.
| Lowest Overall Losses | Highest Overall Losses |
|---|---|
| Chevrolet Silverado 2500 | Chevrolet Spark |
| Tesla Model S | Kia Forte |
| Land Rover Range Rover Sport | Chevrolet Sonic |
| Ford F-350 SuperCrew | Hyundai Accent |
| Chevrolet Corvette | Dodge Charger |
| Ford F-250 SuperCrew | Mitsubishi Mirage |
Statistics from IIHS.org for 2013-2015 Model Years
| Lowest Overall Losses | Highest Overall Losses |
|---|---|
| Ford F-350 | BMW M6 |
| Infiniti QX50 | Mercedes-Benz S Class |
| Nissan Leaf | Porsche Panamera GTS |
| Volvo V60 | Maserati Granturismo |
| Smart ForTwo | Maserati Quattroporte |
| Chevy Silverado 2500 | BMW M6 |
Statistics from IIHS.org for 2013-2015 Model Years
| Lowest Overall Losses | Highest Overall Losses |
|---|---|
| Mini Cooper | Bently Continental GTC |
| GMC Canyon | Maserati Granturismo |
| Chevrolet Colorado | Ferrari 458 |
| Jeep Wrangler | Bentley Continental Flying Spur |
| Nissan Xterra | Audi RS7 |
| Ford F-150 SuperCrew | BMW 6 Series |
Statistics from IIHS.org for 2013-2015 Model Years
| Lowest Overall Losses | Highest Overall Losses |
|---|---|
| Mercedes-Benz SL Class | Mitsubishi Lancer |
| Subaru Forester | Mitsubishi Mirage |
| Volvo XC60 | Chrysler 200 |
| Chevrolet Corvette | Chevrolet Impala |
| Audi A6 | Chevrolet Cruze |
| Acura MDX | Chevrolet Sonic |
Statistics from IIHS.org for 2013-2015 Model Years
Don’t give up on affordable rates
You just learned a lot of techniques to get a better price on insurance in Denver. The key thing to remember is the more providers you compare, the more likely it is that you will get a better rate. You may even discover the most savings is with an unexpected company.
When searching for the cheapest Denver auto insurance quotes, never buy lower coverage limits just to save a few bucks. Too many times, drivers have reduced comprehensive coverage or liability limits and found out when filing a claim they didn’t purchase enough coverage. Your goal is to find the BEST coverage at the lowest possible cost, but do not skimp to save money.
More affordable insurance in Denver can be bought from both online companies and from local insurance agents, and you need to price shop both to get a complete price analysis. Some companies do not provide the ability to get quotes online and most of the time these smaller companies only sell through local independent agencies.
More tips and info about insurance is located in the articles below:
- What Does No-Fault Insurance Cover? (Allstate)
- Who Has Cheap Car Insurance for Inexperienced Drivers in Denver? (FAQ)
- Who Has Affordable Auto Insurance for a Jeep Grand Cherokee in Denver? (FAQ)
- What Auto Insurance is Cheapest for Low Income Drivers in Denver? (FAQ)
- What Car Insurance is Cheapest for a 20 Year Old Male in Denver? (FAQ)
- Car Insurance FAQ (Trusted Choice)
- Teen Driving Statistics (GEICO)
- Hybrid vehicles cost insurers more (Insurance Institute for Highway Safety)
- Shopping for a Safe Car (Insurance Information Institute)