Who Has the Cheapest Auto Insurance for Homeowners in Denver?

In an ideal world, we could simply give you the name of the one company in Denver that has the best deal on coverage in Colorado. It’s just not that simple, as there are a whole bunch of unknown factors such as your driving record, if you are a homeowner or renter, and if you are married. We will touch on the best ways to avoid overpriced car insurance and should give you a jump start in finding the best auto insurance in Denver.

Establishing which company quotes the cheapest auto insurance rates for homeowners will require a little more work in order to find the most economical policy. Every car insurance company has a proprietary method for establishing rates, so let’s take a look at the lowest cost auto insurance companies in Colorado.

It’s a good idea to be aware that Denver auto insurance rates are calculated based on many things that may substantially change the cost of having a policy. Turning one year older, buying higher coverage limits, or getting a ticket for careless driving can trigger changes in premium that may make certain companies cheaper than competitors.

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The Hartford may offer some of the lowest car insurance rates in Denver at around $850 each year. This is $728 less than the average policy premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO would also make the list of some of the more affordable Denver, CO auto insurance companies.

In this example, if you are currently insured with Nationwide and switched to Grange, you might realize an annual savings of in the vicinity of $143. Insureds with GEICO might save as much as $163 a year, and Travelers insureds might lower prices by up to $193 a year.

Bear in mind that those premiums are averages across all types of insureds and vehicles and and are not calculated with an exact zip code location for homeowners. So the auto insurance company that is most affordable for your situation may not even be in the top 21 companies in the list above. That’s why you need to get auto insurance quotes using your own personal information and vehicle type.

The vehicle you are insuring is probably the most important factor when trying to find economical auto insurance for homeowners. Vehicles with high performance engines, poor safety features, or an increased likelihood of liability claims will cost more to insure than safer models.

The next list illustrates auto insurance costs for a handful of the most affordable vehicles to buy insurance for.

Cheapest Vehicles to Insure in Denver, CO
Insured Vehicle Estimated Cost for Full Coverage
Ford F-150 XLT Regular Cab 2WD $1,495
Toyota Prius $1,503
Hyundai Elantra GLS Touring Station Wagon $1,553
Ford Escape XLS 2WD $1,563
Toyota Tacoma 2WD $1,577
Honda CR-V EX 4WD $1,588
Ford Fusion S 4-Dr Sedan $1,609
Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr $1,662
Ford Edge Limited AWD $1,693
Chevrolet Impala LTZ $1,698
Honda Civic Hybrid 4-Dr Sedan $1,722
Honda Odyssey Touring $1,728
Volkswagen Jetta 2.0T 4-Dr Sedan $1,722
Ford Focus SE 4-Dr Sedan $1,807
Chevrolet Silverado Crew Cab Hybrid 2WD $1,813
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Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Information does not factor in garaging location in Denver, CO which can increase or decrease rates greatly.

Based on these rates, we can infer that models like the Ford F-150, Toyota Prius, Hyundai Elantra, and Ford Escape are most likely going to be the more affordable vehicles to insure for people who own their homes.

One of the more important things that are looked at to help calculate the cost of insurance is where you choose to live in Denver. Areas with increased crime or more people tend to have more expensive car insurance rates, whereas areas that tend to be more rural have the gratification of cheaper auto insurance rates.

The next table sorts the most expensive areas in Colorado for homeowners to buy an auto insurance policy in. Denver shows up at #3 with a yearly premium of $1,397 for the average insurance policy, which is about $116 per month.

How much does car insurance cost in Denver, CO?
Rank City Annual Rate
1 Pueblo $1,440
2 Aurora $1,403
3 Denver $1,397
4 Lakewood $1,378
5 Commerce City $1,354
6 Ken Caryl $1,326
7 Arvada $1,308
8 Thornton $1,307
9 Littleton $1,306
10 Centennial $1,304
11 Security-Widefield $1,291
12 Colorado Springs $1,290
13 Northglenn $1,290
14 Brighton $1,285
15 Highlands Ranch $1,279
16 Parker $1,257
17 Castle Rock $1,248
18 Westminster $1,246
19 Longmont $1,179
20 Boulder $1,171
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Prices are approximated as zip code location can modify auto insurance rates considerably.

Choosing a highly-rated car insurance provider can be rather challenging considering how many companies are available to choose from in Colorado. The ranking data shown next may help you pick which coverage providers you want to consider when shopping car insurance rates for homeowners. These rankings are only made up of the largest companies in the United States, so smaller companies will not be included in this list.

Top 15 Auto Insurance Companies for Homeowners 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
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
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Data Source: Insure.com Best Car Insurance Companies

Discounts on Denver auto insurance rates

Save on auto insurance for people who own their homes in DenverInsurance providers that provide coverage for homeowners may provide discounts that may potentially lower prices by 30% or more if you meet certain criteria. Companies and the discounts they provide are outlined below.

The example below visualizes the comparison of yearly insurance costs with and without some available policy discounts. The premiums are based on a female driver, no accidents or driving violations, Colorado state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with multiple vehicle, claim-free, homeowner, multiple policy, vehicle safety, and marriage discounts applied. When discounts are applied, theamount saved on auto insurance for homeowners is 28% or $484.

Are you paying too much for car insurance in Denver?

Colorado auto insurance rates are impacted by many factors which can substantially change the price of your policy. Improving your credit score, having a teenage driver, or getting a reckless driving citation may generate price changes that can cause some rates to be more affordable than others. In addition, insurers amend premium rates without warning in order to be able to pay unexpected claims. A period of higher than normal claims may result in more expensive prices, while less frequent claims can result in more affordable Denver car insurance rates.

For example, the chart below shows the company with the cheapest car insurance in Denver, CO for a 45-year-old female driver with a clean driving record, no accidents, and great credit. If we estimate rates based on her personal profile, The Hartford might offer the cheapest car insurance rates in Denver at $1,103 each year. This is $475 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide round out the rest of the best Denver, CO auto insurance companies.

In this next rate comparison, we will give the driver from the first rate comparison a chargeable claim, a little lower credit rating, and a speeding citation. Due to the fact that each insurance company uses their own method for determining prices, comparing quotes will most likely result in a completely different list of cheap Denver auto insurance companies as shown below.

Travelers now has the cheapest rate in Denver with State Farm, American Family, Progressive, and Amica now rounding out the top five. This example shows why it is so important to perform an extensive rate comparison to get the cheapest insurance rates for homeowners. Insurance rates consist of many factors and can change substantially, so the most economical company the last time you shopped your coverage around may now be one of the more expensive options.