Buying economical coverage for a GMC Acadia in Colorado hinges on a large number of factors such as whether you are male or female, whether or not you garage your vehicle, and any prior driving citations you have received. Colorado drivers will pay around $987 each year to insure their Acadia, but that figure is an estimate calculated based on a 30-year-old single female driver with full comprehensive and collision coverage and $1,000 deductibles.
Odds are that you may not be 30 years old (or even female), you might be married instead of single, or maybe you are just looking for cheap liability insurance. This illustrates why the best way to find affordable rates for your GMC is to do the rate comparisons yourself. Quotes only take a couple of minutes and you will receive rate quotes from top-rated car insurance companies around.
The specific trim level tends to impact price, so the price you will pay to insure a Acadia SL 2WD model will be $112 less than the cost to insure the more well-appointed Acadia SLT AWD trim level, as shown in the chart below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Acadia SL 2WD||$162||$290||$474||$28||$142||$1,096||$91|
|Acadia SL AWD||$186||$290||$474||$28||$142||$1,120||$93|
|Acadia SLE 2WD||$186||$290||$474||$28||$142||$1,120||$93|
|Acadia SLE AWD||$186||$354||$474||$28||$142||$1,184||$99|
|Acadia SLT 2WD||$186||$354||$474||$28||$142||$1,184||$99|
|Acadia SLT AWD||$210||$354||$474||$28||$142||$1,208||$101|
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, claim-free, multi-policy, homeowner, and safe-driver. Price information does not factor in Denver location which can influence coverage prices greatly.
What is the best insurance company in Denver?
Insuring your vehicle with the highest-rated auto insurance provider can be a challenge considering how many different companies insure vehicles in Colorado. The ranking data below could help you analyze which auto insurers to look at when shopping car insurance rates for a GMC Acadia. The rankings below are only made up of the largest auto insurers in America, so smaller regional companies are not taken into consideration for this list.
Top 10 Major Car Insurance Companies in Denver Ranked by A.M. Best Rating
- USAA – A++
- Travelers – A++
- State Farm – A++
- GEICO – A++
- Esurance – A+
- Nationwide – A+
- Allstate – A+
- Progressive – A+
- Titan Insurance – A+
- The Hartford – A+
Do you need full coverage?
Paying a lower price for insurance is important to the majority of vehicle owners, and one way to buy cheap insurance for a GMC Acadia is to not buy comprehensive and collision coverage. The chart below illustrates the comparison of annual premium costs with full coverage and liability only. The information is based on no claims, a clean driving record, $500 deductibles, single status, and no additional discounts are factored in.
If we average the cost for ages 20 through 70, comp and collision coverage costs an additional $1,960 per year more than carrying just liability coverage. That is a big expense that brings up the question when is it safe to stop buying full coverage. There is no set guideline that works best for making the decision to drop physical damage coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than around 10% of the replacement cost minus the deductible, then it might be time to buy liability only.
For example, let’s pretend your vehicle’s claim settlement value is $5,000 and you have $1,000 physical damage deductibles. If your vehicle is totaled in an accident, the most you would receive is $4,000 after paying the physical damage deductible. If premium cost is more than $400 a year for physical damage coverage, then it’s probably a good time to buy liability coverage only.
There are a few situations where dropping full coverage is not in your best interest. If you haven’t satisfied your loan, you have to carry full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle if your current one is damaged, you should not buy liability only.
You may be paying too much for Acadia insurance
Colorado insurance rates are calculated based on many things that may substantially change the price you have to pay. Simply having a birthday, buying another vehicle, or getting a DUI may cause policy rate changes resulting in some rates now being cheaper than competitors.
Not only may your situation change, but insurance companies change their prices every year to adjust for heavy claims or excess profits. An extended period of higher than normal claims can cause additional price hikes, while better underwriting may produce cheaper Acadia insurance rates.
To illustrate this point, the bar chart below shows the company with the cheapest car insurance in Denver, CO for a 45-year-old female driver with no accidents or violations, and a high credit rating. When comparing rates based on her personal risk profile, The Hartford quotes the lowest car insurance rates in Denver at $1,147 annually. This is $431 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Auto-Owners round out the rest of the cheapest Denver, CO auto insurance companies.
The next chart shows rates after we give the driver from the first example an accident surcharge, a lower credit score, and a couple of points charged on her driving record. Due to the fact that every auto insurer has a unique approach to set policy rates, getting updated rate quotes may now result in a different list of affordable companies as shown below.
GEICO now has the best price in Denver, CO with State Farm, American Family, Amica, and Progressive also being competitive. This shows why it is critical to perform a complete rate comparison when trying to get cheap car insurance quotes for a GMC Acadia.
Rates consist of many different factors and change dramatically, so the most economical option the last time you shopped your coverage around may now be one of the more expensive options.