Cheap Insurance for Drivers with Good Credit in Colorado

It’s impossible to miss the captivating commercials from auto insurance companies like The General and Farmers that promise enormous savings. So you just need to pick one randomly, right?

It’s just not that easy, however, as there are a whole bunch of unknown factors such as the safety features of your vehicle, whether you are single or married, and what deductibles to use for physical damage coverage. If you keep reading, we will teach you about these topics and will hopefully give you a good start to your coverage search.

One of the many factors that is used to calculate the cost of insurance is where you choose to live. Cities that have higher claim levels or more people like Denver, Pueblo, and Lakewood tend to have higher auto insurance costs, whereas areas with lower crime rates and fewer weather claims benefit from having to pay less for coverage.

The next table ranks the most expensive cities in Colorado for drivers with good credit in which to buy car insurance.

Price information shown is estimated as the specific geographic location can alter auto insurance rates substantially.

Deciphering which companies offer the lowest-priced auto insurance rates for drivers with good credit will take a bit more effort in order to find the best price. Every insurance provider has a proprietary method for establishing rates, so we will examine the most budget-friendly auto insurance companies in Colorado.

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The Hartford normally has some of the most affordable car insurance rates in Colorado at around $834 annually. Grange, USAA, GEICO, and Nationwide also are some of the cheapest Colorado auto insurance companies.

In the above example, if you currently buy coverage from Nationwide and switched to Grange, you could earn savings of about $194. Customers with Auto-Owners may save as much as $219 a year, and Travelers customers might reduce rates by $258 a year.

These policy rates are averaged across all drivers and vehicles and are not factoring in a price decrease for drivers with good credit. So the car insurance company that can offer the best rates for your situation may not even be shown in the above list. That affirms the importance of why you need to quote rates from many companies using your own driver and vehicle profiles.

Is the best company State Farm, Allstate, Progressive, or Geico?

When buying car insurance, four companies to definitely compare rates with are State Farm, Allstate, Progressive, and Geico. Combined they make up about half of all policies written. They all offer your standard coverages, but each one has a slightly different mix of options and features that may influence which company you choose. The following table compares and contrasts ratings for price, service, and claims, in additional to some of the optional coverages you can buy with each company.