Who Has the Cheapest Car Insurance for Drivers with a Bad Driving Record in Colorado?

The words “low-priced” and “insurance” probably shouldn’t be used in the same sentence, in particular when you are searching for the cheapest car insurance for drivers with a bad driving record. In an attempt to save some money, let’s open your eyes to some of the things that can significantly affect auto insurance premiums, and find out if we can help you slash the price of your next policy.

Finding good, low-cost auto insurance is difficult, and determining which companies offer the best auto insurance rates for drivers with a bad driving record calls for additional perseverance. Rates will most likely be quite a bit pricier than the average policy in Colorado, with the extra cost attributed to the extra risk that comes with offering coverage for bad drivers, but affordable coverage should be available with a little diligence. Every insurance provider uses a different method to determine premium rates, so let’s begin by examining the lowest cost auto insurance companies in Colorado.

It’s a good idea to know that Colorado auto insurance rates are impacted by many factors which can substantially change your annual premium. This price fluctuation is why it is critical to compare rates to find the cheapest car insurance quotes for drivers with a bad driving record. Rates are made up of many things and can change substantially, so the most economical company three years ago may now cost much more than other companies.

Find the Cheapest Auto Insurance for Imperfect Drivers

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The Hartford has some of the most affordable car insurance rates in Colorado at around $850 per year. Grange, USAA, Nationwide, and Auto-Owners are also some of the best Colorado car insurance companies.

As shown in the table above, if you currently have coverage with USAA and switched to The Hartford, you could realize a yearly price reduction of approxmiately $179. Drivers with Nationwide could save as much as $259 a year, and Auto-Owners policyholders might reduce prices by as much as $318 a year.

Be aware that those policy prices are averages for all drivers and vehicles and are not factoring in a rate surcharge for drivers with a bad driving record. So the car insurance company that can offer the best rates for your situation may not even be in the company chart above. That points out the importance of why you need to compare prices as often as possible using your own driver information and specific vehicle type.

The car, truck, or SUV needing coverage is a significant factor when comparing quotes for the cheapest auto insurance for drivers with a bad driving record in Colorado. Vehicles with high performance, poor safety features, or an increased likelihood of liability claims will cost substantially more to insure than safer models. The table below illustrates coverage costs for some of the more afforable vehicles to buy coverage for.

Above prices assume married female driver age 30, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Rate quotes do not factor in garaging location in Colorado which can influence premiums substantially.

Based upon these rates, makes and models like the Ford Escape, Honda Accord, Honda CR-V, Chevrolet Traverse, and Subaru Forester are the most budget-friendly vehicles to insure for bad drivers. Car insurance rates will trend higher because there is more liability risk for drivers with a bad driving record, but overall those particular vehicles will probably have the cheapest rates compared to other types of vehicles.

Discounts on Colorado insurance

Insurance providers that provide the cheapest auto insurance for drivers with a bad driving record in Colorado may have special discounts that can lower rates by 35% or more if you qualify for them. Larger auto insurance companies and their offered discounts are shown below.

• 21st Century offers premium reductions for automatic seat belts, teen driver, theft prevention, 55 and older, and driver training.
• State Farm may include discounts for defensive driving training, anti-theft, Drive Safe & Save, student away at school, passive restraint, good driver, and Steer Clear safe driver discount.
• AAA discounts include anti-theft, education and occupation, pay-in-full, good student, and multi-car.
• Liberty Mutual policyholders can earn discounts including multi-car, exclusive group savings, safety features, new vehicle discount, and hybrid vehicle.
• Progressive offers discounts for good student, multi-vehicle, homeowner, continuous coverage, and multi-policy.

The illustration below shows the comparison of auto insurance costs with and without discounts applied. The data is based on a female driver, three traffic citations and one accident, Colorado state minimum liability limits, full coverage, and $100 deductibles.

The first bar for each age group shows premium with no discounts. The lower bar shows the rates with marriage, continuous coverage, multiple vehicle, paperless filing, paid-in-full, and homeowner discounts applied. With discounts applied, the average savings per year on auto insurance for drivers with a bad driving record is 28% or $988.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 4451,3207],[‘Age 30’, 3595,2601],[‘Age 40’, 3453,2497],[‘Age 50’, 3229,2335],[‘Age 60’, 3177,2293],[‘Age 70’, 3423,2469]]);var options = {title: ‘Insurance Premium Comparison for Drivers with a Bad Driving Record’,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 change insurance premiums when trying to find cheap insurance for drivers with a bad driving record. The premium estimates are based on a single female driver, full coverage, and no discounts are factored in.

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As shown above, a 30-year-old driver could reduce rates by $382 a year by changing from a $100 deductible to a $500 deductible, or save $574 by choosing a $1,000 deductible. Even younger drivers, like the Age 20 chart data, have the ability to save up to $846 each year just by choosing higher deductibles when buying full coverage.

When choosing a higher deductible, it’s a good idea to have spare funds to enable you to cover the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

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

When buying car insurance for bad drivers in Colorado, the companies that insure more vehicles than anyone else are Geico, Progressive, State Farm, and Allstate. When added together, they insure over 48% of all policies written in the United States. All of them offer physical damage and liability coverage, but each has somewhat different options that may affect your buying decision. The next table compares and contrasts ratings for price and service, as well as some optional coverages that may be available in Colorado.