How Much Does Car Insurance Cost for Inexperienced Drivers in Colorado?

This would be a real easy article to write if we could just tell you the single company that has the most affordable coverage in Colorado. It’s not quite that easy, unfortunately, as there are a ton of unknown aspects such as the amount of coverage you want, the amount of physical damage deductibles, and where you live in Colorado, that all have an effect on the price of a policy. If you keep reading, we will teach you about the things that cause high insurance rates and hopefully give you enough understanding to have a solid foundation to find cheaper car insurance.

The make and model of vehicle that needs insurance is one of the biggest factors in finding cheap auto insurance for inexperienced drivers in Colorado. Vehicles with lower performance, advanced safety features, or low incidents of liability claims will cost significantly less to insure than high performance models. The next list outlines auto insurance premiums for some of the most affordable vehicles to buy insurance for.

Data rating is based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, homeowner, and safe-driver. Table data does not factor in your specific Colorado location which can raise or lower coverage prices greatly.

By looking at the data, we can expect makes and models like the Ford Escape, Toyota Prius, Chevrolet Traverse, Hyundai Elantra, and Ford F-150 will definitely be some of the cheaper vehicles to insure for new drivers.

For Colorado drivers, one of the things that influence auto insurance rates is where you call home in Colorado. Cities with larger populations or higher claims like Pueblo, Aurora, and Commerce City tend to pay more, whereas areas with less traffic congestion and claims benefit from lower coverage costs.

The following table ranks the higher priced cities in Colorado for inexperienced drivers to buy an auto insurance policy in.

Annual rates are comparative as zip code location can alter rates considerably.

Discount Colorado insurance rates

Car insurance companies that sell cheap auto insurance for inexperienced drivers in Colorado could also offer rate discounts that could lower prices by 25% or more if you meet eligibility requirements. The best auto insurance companies and a summarized list of policyholder discounts can be found below.

• State Farm offers discounts including safe vehicle, good student, defensive driving training, anti-theft, Drive Safe & Save, driver’s education, and multiple autos.
• American Family offers premium reductions for Steer into Savings, bundled insurance, good driver, defensive driver, early bird, and TimeAway discount.
• GEICO policyholders can earn discounts including military active duty, multi-policy, daytime running lights, multi-vehicle, five-year accident-free, driver training, and air bags.
• 21st Century may offer discounts for theft prevention, defensive driver, homeowners, automatic seat belts, and driver training.
• Progressive may have discounts that include good student, multi-policy, homeowner, continuous coverage, and online quote discount.

The illustration below compares premium costs with and without discounts applied. The price estimates are based on a male driver, a clean driving record, no at-fault accidents, Colorado state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with anti-theft, multiple policy, multiple vehicle, homeowner, claim-free, and defensive driving course discounts applied. When these discounts are applied to the policy premium, the the amount saved on auto insurance for inexperienced drivers is 28% or $618.

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

If you’re looking for the cheapest car insurance for new drivers in Colorado, probably the best companies to start with are State Farm, Allstate, Progressive, and Geico. The table below compares and contrasts ratings and policy coverage options .

Find cheap auto insurance for inexperienced drivers in Colorado

Below you’ll find a few thrifty solutions that can help you quote lower-cost coverage.

• Increase your credit score
• Increase your physical damage deductibles
• Pay less by remaining claim-free
• Drive safely
• Accident-free drivers may qualify for discounts
• Buying home and auto insurance together can earn discounts
• Shop around for cheaper prices often

The last item on the list is very crucial, as was affirmed in the prior article. Rates in Colorado change constantly, so drivers shouldn’t be reluctant to buy from a new company if a more affordable price is available.

Having brand loyalty is commendable, but we do not recommend it if it’s costing you big bucks every year. In less than five minutes you could shop around and find cheaper auto insurance for inexperienced drivers.