Who Has the Cheapest Car Insurance Quotes for Retired Military in Colorado?

Locating low-cost auto insurance is tough enough, and finding out which companies quote the most affordable auto insurance rates for retired military takes even more perseverance. Each company uses their own calculation for setting rates, so to begin we’ll rank the overall cheapest auto insurance companies in Colorado.

It’s important to know that Colorado auto insurance rates are based on many factors that may substantially change the cost of your policy. This price variability is why it is crucial to do a thorough rate comparison when trying to find the most economical car insurance quotes for retired military. Prices can be determined by many risk factors and change dramatically, so the cheapest rate two years ago may now be quite expensive.

Find the Best Cheap Insurance for Vets

Get a Free Quote and Save

The Hartford has some of the lowest car insurance rates in Colorado at around $859 annually. Grange, USAA, Nationwide, and Auto-Owners are also some of the lowest-priced Colorado auto insurance companies.

As depicted above, if you currently have a policy with Nationwide and switched to Grange, you may realize annual savings of in the neighborhood of $122. Insureds with Auto-Owners might save as much as $181 a year, and GEICO customers might lower prices by $200 a year.

To compare your rates to other Colorado insurance companies, click here or click several companies below for low rates.

These premium estimates are averages for all insureds and vehicles and and are not calculated with a price decrease for retired military. So the company that can offer you the best rate may not even be included in the chart above. That affirms the importance of why you need to get rate quotes from many companies using your own specific driver and vehicle information.

The vehicle model on the policy is one of the biggest factors when comparing the cheapest auto insurance for retired military in Colorado. Vehicles with lots of horsepower, poor crash test ratings, or a track record of large liability claims will cost significantly more to insure than safer models. The data below features insurance premiums for a handful of the most budget-friendly automobiles to buy insurance for.

Table data assumes married female driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Rate quotes do not factor in specific location information which can alter premiums greatly.

Based upon these rates, you can assume that cars like the Volkswagen Jetta, Subaru Forester, Chevrolet Traverse, Ford Escape, and Honda CR-V will be the most budget-friendly vehicles to insure for veterans.

One of the more important things that auto insurance companies use to calculate the annual cost of car insurance is where you keep your vehicle. Areas that are densely populated or have higher claim frequency like Pueblo, Lakewood, and Commerce City are more likely to pay higher prices, whereas areas that tend to be more rural get the luxury of paying less.

The following table lists the priciest cities in Colorado for retired military in which to buy car insurance.

Prices are approximated as specific location information can raise or lower premiums significantly.

Does full coverage make sense?

Finding the cheapest auto insurance for retired military in Colorado should be important to the majority of people, and one common way to buy cheaper insurance is to buy only liability coverage. The chart below shows the difference between car insurance rates with full coverage and liability only. The price estimates are based on no claims or driving citations, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.

Averaged for all ages 20 through 70, physical damage coverage costs $1,476 per year over and above liability only. Many drivers may wonder when is the right time to remove full coverage. There is no definitive guideline for phasing out physical damage insurance, but there is a guideline you can consider. If the annual cost of your full coverage insurance is more than around 10% of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

There are some scenarios where dropping full coverage is not financially feasible. If you still have a loan on your vehicle, you have to keep full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.