Who Has Cheap Car Insurance Quotes After a Speeding Ticket in Colorado?

When we talk about auto insurance, the words “cheap” or “affordable” really shouldn’t be used anywhere in the article as a descriptor for auto insurance rates. Please forgive the oxymoron, but cheap auto insurance after a speeding ticket is not always easy to find. But don’t despair, because we are going to show you some ways you can quote auto insurance that you can afford to pay for.

Figuring out which company quotes the best insurance rates after a speeding ticket takes a tad more effort in order to find the most economical policy. Every auto insurer has a unique formula to set their prices, so let’s rank the most affordable insurance companies in Colorado.

Keep in mind that Colorado insurance rates are impacted by many factors which can substantially decrease or increase the cost of your policy. Simply getting older, having a teen driver, or getting a DUI may generate price changes that may make certain companies more affordable than others.

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The Hartford normally has some of the lowest car insurance rates in Colorado at around $859 a year. Grange, USAA, Nationwide, and GEICO also are some of the more affordable Colorado car insurance companies.

As illustrated above, if you currently have coverage with Nationwide and switched to Grange, you might see an annual savings of in the vicinity of $122. Colorado drivers with GEICO might save as much as $154 a year, and Auto-Owners customers might lower prices by $217 a year.

Remember that these estimates are averaged for all ages of drivers and types of vehicles and and are not figured with a price discount after a speeding ticket. So the auto insurance company that can offer you the best price may not even be shown in the list above. That illustrates why you need to compare as many prices as possible using your own driver data and vehicle information.

One of the key considerations used to establish the price you pay for insurance is where you choose to live in Colorado. Areas with more people or even just a higher incidence of claims like Denver, Pueblo, and Colorado Springs tend to have higher auto insurance costs, whereas cities that are not as densely populated have the enjoyment of a little cheaper coverage.

The illustration below illustrates the priciest cities in Colorado after a speeding ticket to purchase car insurance in.

Price information shown is comparative as specific Colorado garaging address can influence insurance rates considerably.

Discounts on cheap auto insurance after a speeding ticket in Colorado

Insurance providers that offer cheap quotes after a speeding ticket may also give you rate discounts that may potentially lower prices by 40% or more if you meet the requirements. A list of companies and a selection of discounts are detailed below.

• Progressive offers discounts for multi-policy, good student, homeowner, online quote discount, continuous coverage, and multi-vehicle.
• SAFECO offers premium reductions for anti-theft, bundle discounts, anti-lock brakes, safe driver, and homeowner.
• American Family may include discounts for bundled insurance, mySafetyValet, good student, air bags, and multi-vehicle.
• MetLife has savings for good driver, multi-policy, defensive driver, accident-free, good student, and claim-free.
• GEICO policyholders can earn discounts including defensive driver, five-year accident-free, multi-policy, seat belt use, and daytime running lights.
• The Hartford offers discounts including defensive driver, air bag, vehicle fuel type, anti-theft, and bundle.

The illustration below illustrates the difference between insurance rates with and without discounts applied to the premium. The rate quotes are based on a female driver, two violations and no accidents, Colorado state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with paid-in-full, vehicle safety, anti-theft, continuous coverage, multiple policy, and homeowner discounts applied. When drivers qualify for the discounts, the the average yearly reduction on insurance after a speeding ticket is 28% or $790.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 3851,2779],[‘Age 30’, 2913,2113],[‘Age 40’, 2751,1995],[‘Age 50’, 2499,1813],[‘Age 60’, 2439,1769],[‘Age 70’, 2711,1957]]);var options = {title: ‘Effect of Discounts on Insurance Rates After a Speeding Ticket’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Colorado’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

The information below shows how choosing a deductible can impact insurance rates when trying to find cheap insurance after a speeding ticket. Data assumes a single female driver, full physical damage coverage, and no other discounts are factored in.

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In the chart above, a 50-year-old driver could save $376 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $566 by changing to a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could possibly save $966 or more by using a higher deductible.

When raising deductibles, it is necessary to have emergency funds available to be able to pay the extra out-of-pocket expense that comes with higher deductibles.

Progressive, Allstate, State Farm, and Geico: Who is best?

If you want reliable auto insurance after a few driving violations in Colorado, four of the best places to start are Progressive, Allstate, State Farm, and Geico. Each one has a slightly different set of options and discounts that buyers can select from. The data below compares pricing and service ratings, as well as optional policy coverages offered by each one.