Wouldn't it be great if we could instantly tell you the one best company that has the cheapest policy rates for active military? It's not that simple, unfortunately, as there are many unknown factors such as how experienced of a driver you are, the annual mileage you drive, the crime level of your neighborhood, and whether you are female or male, that all have an effect on the price. We are going to cover these topics and will give you a jump start in finding the best auto insurance for military.

Shopping around for cheap auto insurance is not always easy, and determining which companies quote the cheapest auto insurance rates for active military in Colorado requires even more diligence. Prices could be moderately cheaper than the average rate in Colorado, with the lower cost attributed to the decrease in risk that goes along with offering insurance for military personnel. Cost-effective coverage should be easy to find from many providers.

Every auto insurer has their own formula for setting prices, so let's begin by examining the most affordable auto insurance companies in Colorado.

Best Insurance Companies for Military

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Rankings for the cheapest Colorado auto insurance companies
Rank Company Cost Per Year
1 The Hartford $825
2 Grange $958
3 USAA $1,009
4 GEICO $1,141
5 Nationwide $1,143
6 Travelers $1,183
7 Auto-Owners $1,192
8 State Farm $1,222
9 American Family $1,301
10 Progressive $1,322
11 Amica $1,381
12 Allied $1,483
13 California Casualty $1,488
14 Farmers $1,565
15 Colorado Farm Bureau $1,576
16 MetLife $1,811
17 Allstate $1,994
18 Encompass $2,231
19 Safeco $2,522
20 Titan $2,657
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The Hartford normally has some of the cheapest car insurance rates in Colorado at around $825 a year. Grange, USAA, GEICO, and Nationwide would also make the list of some of the most economical Colorado auto insurance companies.

As depicted above, if you are insured with GEICO and switched to The Hartford, you might realize an annual premium reduction of in the vicinity of $316. Policyholders with Nationwide may save as much as $318 a year, and Travelers insureds might realize rate reductions of up to $358 a year.

If you want to find out if you're overpaying, click here to start your free quote or quote prices from the following companies.

It's important to note that these rates are averages across all ages of drivers and types of vehicles and do not factor in a rate discount for active military. So the insurer that can offer you the best rate may not even be in the list above. That's why you need to compare rates from as many companies as possible using your own personalized driver profile and vehicle information.

The vehicle that needs insurance is one of the primary factors when comparing the best car insurance for active military. Vehicles with high performance features, a lack of advanced safety features, or a history of substantial liability claims will cost much more to insure than more economical and safe models. The information below shows auto insurance rates for the more afforable vehicles to buy coverage for.

Cheapest Vehicles to Insure for Active Military in Colorado
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V LX 4WD $954
Honda Odyssey EX W/Rear Entertainment $1,009
Ford Escape Limited 2WD $1,011
Chevrolet Impala LT $1,028
Volkswagen Jetta LE 4-Dr Sedan $1,034
Toyota RAV4 Limited 4WD $1,028
Jeep Grand Cherokee Laredo 4WD $1,035
Ford F-150 Lariat Crew Cab 2WD $1,047
Ford Focus SEL 4-Dr Sedan $1,066
Toyota Corolla S $1,085
Hyundai Elantra SE 4-Dr Sedan $1,091
Toyota Prius $1,091
Nissan Rogue S AWD $1,101
GMC Sierra SLT Extended Cab 2WD $1,104
Chevrolet Silverado 2500HD LTZ Crew Cab 4WD $1,114
Chevrolet Silverado LTZ Extended Cab 4WD $1,104
Dodge Grand Caravan Hero $1,129
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Cost estimates assume single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, homeowner, and claim-free. Information does not factor in your specific Colorado location which can change auto insurance rates greatly.

Based upon the table data, we can tell that vehicles like the Honda CR-V, Honda Odyssey, Ford Escape, Chevrolet Impala, and Volkswagen Jetta will be the most affordable vehicles to insure for military personnel.

The example below shows how different deductible levels can influence insurance prices when searching for cheap insurance for active military in Colorado. The price estimates are based on a married female driver, full coverage, and no discounts are applied to the premium.

The chart above illustrates that a 30-year-old driver could lower rates by $376 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $566 by selecting a $1,000 deductible. Young drivers, like the age 20 example, could possibly save as much as $802 every year by selecting a higher deductible.

When choosing a higher deductible, it is necessary to have enough savings to enable you to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Full coverage versus liability-only

Saving money when shopping for auto insurance is probably important to most vehicle owners, and a good way to pay less for insurance for active military in Colorado is to only buy liability insurance. The chart below illustrates the difference between insurance prices with full physical damage coverage compared to only buying liability only. The rates are based on no claims, a clean driving record, $1,000 deductibles, single status, and no discounts are taken into consideration.

As an average, comprehensive and collision coverage on your policy costs $1,476 per year over having just liability coverage. That is a large expense which might make you wonder if paying for full coverage is worth it. There is no specific rule of when to exclude comp and collision coverage, but there is a general convention. If the yearly cost for physical damage coverage is more than 10% of the replacement cost minus the deductible, then you might want to consider buying only liability coverage.

Why you should shop around

Colorado auto insurance rates are influenced by many factors that can increase the price you pay. Getting older, buying a different home, or getting a speeding ticket may prompt premium changes that can now make some companies much cheaper than others. Not only may things change on your end, but companies change the rates they charge in Colorado without warning in order to remain profitable. Unexpectedly high claims may result in more expensive premiums, while long-term profits may result in cheaper Colorado car insurance rates.

The data below compares the cheapest car insurance in Colorado for a 30-year-old female driver with no accidents or violations, and solid credit. When quoting prices based on her current risk profile, The Hartford has the best car insurance rates in Colorado at $850 annually. This is $728 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO round out the rest of the top five cheapest Colorado auto insurance companies.

The example below compares rates after we give the driver from the first set of rates an accident surcharge, slightly worse credit, and a few blemishes on her driving record. Since every car insurance company uses a different method for setting prices, comparing quotes may now show a different list of affordable Colorado car insurance companies as shown below.

State Farm now has the lowest car insurance rate in Colorado with Travelers, American Family, USAA, and Progressive also having competitive pricing. This illustrates why it is so important to compare lots of rates to find the most affordable car insurance quotes for active military.

Car insurance prices are determined by many things and change dramatically, so the lowest-price company the last time you shopped around may now be quite expensive.

Ideas for finding more affordable auto insurance for active military in Colorado

The list below summarizes some of the recommended penny-pinching ideas that can help Colorado drivers get more affordable auto insurance.

That last piece of advice is remarkably valuable, as was affirmed in the prior article. Car insurance rates can be modified anytime, so don't be unwilling to change to a new company if you find a cheaper price. Staying with the same car insurance company is fine, but we do not recommend it if that faithfulness ends up costing you major coinage every year. It only takes a couple minutes to shop around and find cheaper insurance for active military.