Who Has Cheap Auto Insurance for High Mileage Drivers in Colorado?

One of the more important things that insurance companies use to determine the policy price is where your home is located in Colorado. Areas with high crime rates or more dense population like Denver, Pueblo, and Commerce City tend to have higher auto insurance costs, whereas areas with less traffic congestion and claims generally pay lower insurance rates.

The following table sorts the more expensive cities in Colorado for high mileage drivers to buy car insurance in.

Annual rates are estimated as the vehicle garaging location can affect auto insurance rates greatly.

We all have different tastes in cars, and the vehicle requiring insurance is a significant factor when comparison shopping for cheaper car insurance for high mileage drivers. Vehicles with economical engines, a plethora of safety features, or a track record of few liability claims will cost less to insure than high performance models. The next tables outlines car insurance prices for some of the most cost-effective automobiles to buy insurance for.

Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, homeowner, and multi-vehicle. Premium costs do not factor in garaging location in Colorado which can revise premium rates greatly.

Table data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Premium costs do not factor in zip code location which can revise coverage rates significantly.

Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Premium amounts do not factor in your specific Colorado location which can revise rates greatly.

Discounts on Colorado car insurance rates

Insurance providers that provide cheap car insurance for high mileage drivers in Colorado may also provide rate discounts that can lower rates by as much as 35% or more if you qualify. Popular insurance companies and some of the premium reductions they offer are included below.

• State Farm may include discounts for driver’s education, Drive Safe & Save, student away at school, good driver, and Steer Clear safe driver discount.
• Nationwide offers discounts for family plan, accident-free, multi-policy, anti-theft, easy pay, good student, and Farm Bureau membership.
• GEICO has savings for membership and employees, daytime running lights, defensive driver, driver training, multi-policy, multi-vehicle, and good student.
• AAA offers premium reductions for anti-theft, multi-car, AAA membership discount, multi-policy, pay-in-full, and good student.
• 21st Century includes discounts for student driver, teen driver, defensive driver, homeowners, and automatic seat belts.
• The Hartford may have discounts that include air bag, anti-theft, bundle, good student, vehicle fuel type, driver training, and defensive driver.

The diagram below visualizes the comparison of insurance rates with and without discounts being applied to the rates. Data assumes a female driver, a clean driving record, no at-fault accidents, Colorado state minimum liability limits, full physical damage coverage, and $1,000 deductibles.

The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with multiple policy, marriage, claim-free, defensive driving course, homeowner, and safe-driver discounts applied. When discounts are factored in, the average amount saved each year on insurance for high mileage drivers is 28% or $528.

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Impact of careless driving on Colorado insurance rates

A great way to snag the best insurance rates in Colorado for high mileage drivers is to be a good driver and maintain a clean driving record. The chart below highlights how traffic violations and at-fault fender-benders can influence insurance rates for different age groups of insureds. The information is based on a single female driver, comp and collision included, $1,000 deductibles, and no policy discounts are applied.

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The data in the chart shows the average cost of a car insurance policy in Colorado per year with no accidents or violations is $1,878. Receive two speeding tickets and the average cost surges to $2,501, an increase of $623 each year. Next add two accidents along with the two speeding tickets and the 12-month cost of insurance for high mileage drivers increases to an average of $5,123. That’s an increase of $3,246, or $270 per month, just for being a little careless behind the wheel!

How to find cheap car insurance for high mileage drivers in Colorado

It’s not impossible to find cheaper rates, and here are some penny-pinching solutions that can help you find the cheapest car insurance.

• Avoid accidents
• Drivers with good credit ratings often pay less
• Safe vehicles cost less to insure
• On older vehicles, drop full coverage
• Violations like speeding or DUI increase rates
• Increase deductibles to save money
• Keep rates low by shopping around frequently

That last idea is notably necessary, as we stressed in the article above. Prices charged by auto insurers adjust often, so drivers shouldn’t be reluctant to buy a different policy if you find a better deal. Loyalty to a specific company is fine, but it’s not a good idea if that loyalty results in overpaying thousands of dollars over several years. Now is a great time to shop around and find cheaper auto insurance for high mileage drivers.