Who Has Cheap Auto Insurance for Drivers Under 21 in Colorado?

The words “low-cost” and “insurance” probably shouldn’t be used in the same sentence, especially when comparison shopping for the cheapest coverage for drivers under 21. To help control this cost, let’s start off by going over some things that significantly impact car insurance prices, and find out if you can shave a little off the next policy you buy.

Locating affordable insurance is not the easiest thing to accomplish, and determining which companies quote the cheapest car insurance rates for drivers under 21 will take even more rate comparisons. Policy rates should be significantly greater than the average rate in Colorado, with the increase attributed to the potential for higher claims that comes with offering insurance for minors, but competitively-priced insurance may be achievable if you compare enough rates. Every insurance provider uses their own formula to establish rates, so first let’s look at the rankings for the car insurance companies that tend to be cheaper in Colorado.

It’s a good idea to know that Colorado car insurance rates are calculated based on many things that can increase the price of coverage. This price fluctuation is why it is important to perform an extensive rate comparison to get cheap auto insurance quotes for drivers under 21. Insurance rates are determined by many different factors and can decrease or increase without notice, so the best price two years ago may now be costing you a lot of money.

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The Hartford generally has some of the best car insurance rates in Colorado at around $859 a year. Grange, USAA, GEICO, and Nationwide also are some of the most economical Colorado auto insurance companies.

In the rate table above, if you currently have coverage with Grange and switched to The Hartford, you might achieve an annual premium reduction of around $90. Policyholders with USAA might save as much as $150 a year, and GEICO policyholders might reduce prices by as much as $282 a year.

Bear in mind that those prices are averages across all drivers and vehicles in Colorado and and are not calculated with a price surcharge for drivers under 21. So the auto insurance company that is best suited for you may not even be in the above list. That point stresses why you need to get quotes using your own individual information.

Performance level and cost of the vehicle needing coverage is one of the largest considerations when looking for the cheapest auto insurance for drivers under 21. Vehicles with average performance, modern passenger safety features, or low incidents of liability claims will cost quite a bit less to insure than fast, unsafe models.

The next lists estimates coverage premiums for the most cost-effective vehicles to buy coverage for.

Table data represents single male driver age 18, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in your specific Colorado location which can increase or decrease auto insurance rates greatly.

Premium data assumes single male driver age 18, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in your specific Colorado location which can lower or raise prices greatly.

Data based on single male driver age 18, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in garaging location in Colorado which can alter coverage prices substantially.

When buying auto insurance for minors, one of the key components that is used to calculate the price you pay for insurance is where you choose to live. Areas with more people or higher crime rates like Pueblo, Denver, and Colorado Springs tend to have higher auto insurance costs, whereas areas with fewer weather claims and lower vehicle theft rates profit from lower rates.

The information below displays the higher priced cities in Colorado for drivers under 21 to purchase a policy in.

Premium amounts are comparative as the specific geographic location can alter premium rates significantly.

Which major car insurance company is best?

When shopping around for auto insurance, four of the best places to start are Allstate, State Farm, Geico, and Progressive. They all have the same basic coverages, but each one has a distinct set of features and optional coverages that can influence your buying decision. The following table points out some of the different options and features .