For state and federal workers, one of the more important components that are looked at to help calculate the amount you pay for auto insurance is where you live. Areas with a lot of weather claims or more people like Pueblo, Lakewood, and Commerce City are more likely to have higher rates, whereas more rural areas benefit from lower prices.
The next table rates the priciest cities in Colorado for government employees to purchase a policy in.
|Rank||City||Average Per Year|
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Annual rates are estimated as the specific garaging location can increase or decrease coverage rates significantly.
Deciphering which insurers offer the cheapest car insurance rates for government employees in Colorado will take more work than just picking a company at random.
Each auto insurer has their own unique process for determining prices, so let's take a look at the most competitive car insurance companies in Colorado. It's important to know that Colorado car insurance rates are impacted by many things which can substantially change the cost of a policy. Simply having a birthday, getting divorced, or getting a reckless driving citation can produce rate changes that can cause some rates to be cheaper than competitors.
Best Car Insurance Prices in Colorado
|Rank||Company||Cost Per Year|
|14||Colorado Farm Bureau||$1,576|
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The Hartford has some of the lowest car insurance rates in Colorado at around $834 each year. This is $744 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide would also be considered some of the cheaper Colorado car insurance companies.
In the rate table above, if you are insured with Nationwide and switched to Grange, you could see a yearly savings of approxmiately $206. Insureds with Auto-Owners could save as much as $255 a year, and State Farm insureds might lower prices by $260 a year.
To compare your rates to other Colorado insurance companies, click here to begin a quote or feel free to get quotes from the companies below.
Understand that those premium estimates are averaged for all types of drivers and the different vehicles they drive and do not take into consideration a rate decrease for government employees. So the company that is best for you may not even be in the top 21 companies in the list above. That is why you need to compare prices as often as possible using your own specific driver and vehicle information.
The type of vehicle needing coverage is one of the biggest factors that determines if you can find cheaper coverage for government employees. Vehicles with more horsepower, poor safety ratings, or high incidents of liability claims will cost much more to insure than more economical and safe models. The table below presents insurance premiums for a number of the more afforable automobiles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$982|
|Ford Edge Limited 2WD||$994|
|Toyota RAV4 Limited 2WD||$1,013|
|Jeep Grand Cherokee Laredo 4WD||$1,019|
|Dodge Grand Caravan SXT||$1,032|
|Honda Accord EX-L 4-Dr Sedan||$1,064|
|Honda CR-V EX-L 2WD||$1,076|
|GMC Sierra 2500HD SLE Extended Cab 4WD||$1,085|
|Volkswagen Jetta 2.0T 4-Dr Sedan||$1,090|
|Chevrolet Silverado LT Crew Cab 4WD||$1,085|
|Nissan Altima 3.5 SR 4-Dr Sedan||$1,090|
|Ford Focus SES 2-Dr Coupe||$1,139|
|Honda Odyssey EX W/Rear Entertainment||$1,141|
|Hyundai Elantra SE Touring Station Wagon||$1,143|
|Chevrolet Equinox LT 2WD||$1,162|
|Ford Fusion S 4-Dr Sedan||$1,167|
|Toyota Tacoma 4WD||$1,177|
|Dodge Ram 2500 Crew Cab ST 4WD||$1,179|
|Ford Explorer Eddie Bauer 4WD||$1,186|
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Data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-vehicle, safe-driver, multi-policy, and claim-free. Premium costs do not factor in vehicle location which can modify coverage rates substantially.
By looking at the data, you can conclude that cars like the Ford Escape, Ford Edge, Toyota RAV4, Jeep Grand Cherokee, and Dodge Grand Caravan will be some of the more affordable vehicles to insure for state and federal workers.
The diagram below demonstrates how deductible levels can impact insurance rates when searching for cheap insurance for government employees in Colorado. The information is based on a married male driver, full coverage, and no discounts are applied.
The chart above illustrates that a 30-year-old driver could save $366 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $550 by switching to a $1,000 deductible. Even younger drivers, like the 20-year-old category, could drop their prices up to $1,110 each year just by choosing higher deductibles when buying full coverage. If you do decide to increase your deductibles, it is essential to have plenty of money set aside to allow you to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Choosing a high-quality car insurance company is difficult considering how many companies there are in Colorado. The ranking data listed below could help you analyze which car insurance companies to look at to insure your vehicles.
These rankings are only made up of companies that insure vehicles nationwide, so smaller companies are not taken into consideration for these rankings. To check prices from many more Colorado auto insurance companies, follow this link.
Top 10 Large Car Insurance Companies in Colorado Ranked by Value
- American Family
- The Hartford
- Titan Insurance
- The General
- AAA Insurance
- State Farm
How to get discounts on Colorado insurance rates
Insurance providers that provide policies for government employees may also offer price discounts that may potentially lower prices by as much as 40% or more if you can meet the requirements. Larger car insurance companies and the discounts they provide can be read below.
- Farm Bureau discounts include driver training, renewal discount, multi-vehicle, multi-policy, and good student.
- State Farm may have discounts that include driver's education, accident-free, Drive Safe & Save, student away at school, multiple autos, Steer Clear safe driver discount, and multiple policy.
- Progressive offers premium reductions for online quote discount, homeowner, good student, multi-vehicle, continuous coverage, and online signing.
- Allstate offers discounts including FullPay discount, resident student, good payer, farm vehicle, multi-policy, and safe driver.
- Nationwide may offer discounts for defensive driving, anti-theft, multi-policy, good student, accident-free, family plan, and business or organization.
- MetLife offers discounts for claim-free, defensive driver, good student, accident-free, multi-policy, and good driver.
The example below illustrates the comparison of auto insurance rates with and without some available policy discounts. The costs are based on a male driver, no claims or driving citations, Colorado state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with claim-free, defensive driving course, passive restraint, accident-free, homeowner, and multiple vehicle discounts applied. In this example, the average savings per year on car insurance for government employees is 28% or $444.
Here's why you should shop around
Colorado car insurance rates are influenced by many factors that control the policy premium. Simply turning a year older, increasing deductibles, or getting a ticket for running a stop sign can trigger rate changes resulting in some rates now being cheaper than others. Also, car insurance companies modify pricing as often as every quarter to adjust for unexpected claims or profits. Unexpectedly high claims may cause increased rates, while lower claims may cause cheaper Colorado car insurance rates.
The chart below shows the cheapest car insurance in Colorado for a 30-year-old male driver with no prior claims, no tickets, and a decent credit rating. When quoting prices based on his current rating profile, The Hartford has the cheapest car insurance rates in Colorado at $859 per year. This is $719 less than the average price paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO are the rest of the cheapest Colorado auto insurance companies.
In the next rate comparison, we'll give the driver from the first example a couple of claims, poor credit, and a speeding citation. Since every insurance provider has a unique approach to determine rates, analyzing rate quotes may now present a new list of affordable companies as shown below.
Travelers now has the best insurance rate in Colorado with State Farm, American Family, Amica, and USAA also having competitive pricing. This example demonstrates why consumers need to compare as many rates as possible to find the best insurance quotes for government employees.
Prices can be altered by many things and change dramatically, so the most affordable company the last time you shopped around may now be one of the more expensive options.