You have probably watched the captivating commercials from auto insurance companies like Allstate, The General, and GEICO claiming the cheapest rates, so drivers just need to choose one randomly, right?
It's not quite that easy, unfortunately, as there are many unknown factors such as whether you are male or female, your driving record, and how experienced of a driver you are, that all have an effect on the price of a policy. The content below covers these things and educate you enough to have a good start in finding the cheapest insurance for educators.
Finding out which companies have the lowest-priced auto insurance rates for teachers in Colorado calls for a tad more effort than just comparing a company or two. Every insurance company uses their own formula to establish rates, so we need to take a look at the most affordable auto insurance companies in Colorado.
It's important that you understand Colorado auto insurance rates are calculated based on many things which can substantially change the price you pay for coverage. Improving your credit score, having a claim, or getting a ticket for careless driving may cause policy rate changes that may make certain companies cheaper than competitors.
Best Car Insurance Prices for Educators
|Rank||Company||Cost Per Year|
|15||Colorado Farm Bureau||$1,640|
|Get Personalized Rates Go|
The Hartford offers some of the cheapest car insurance rates in Colorado at around $825 a year. Grange, USAA, Nationwide, and Auto-Owners also qualify as some of the cheapest Colorado auto insurance companies.
In the rate table above, if you are insured with Grange and switched to The Hartford, you may see yearly savings of about $124. Insureds with USAA may save as much as $184 a year, and Nationwide policyholders might see rate reductions of $330 a year.
Be aware that those policy prices are averages across all drivers and vehicles in Colorado and and are not calculated with a price decrease for teachers. So the car insurance company that fits you best may not even be in the list above. That is why you need to quote rates from many companies using your own specific driver information and vehicle.
For teachers and educators, one of the more important considerations that are looked at to determine the amount you pay each year for auto insurance is where you live in Colorado. Areas with increased crime or more people like Pueblo, Commerce City, and Aurora tend to have higher auto insurance costs, whereas areas that tend to be more rural have the luxury of lower rates.
The next table lists the most expensive places in Colorado for teachers to purchase auto insurance in.
|Rank||City||Average Per Year|
|Start a Quote Go|
Rates are comparative as the specific area where the vehicle is garaged can lower or raise price quotes noticeably.
The vehicle model that is being insured is one of the primary factors when comparing quotes for the lowest-priced car insurance for teachers. Vehicles with average performance, a plethora of safety features, or a track record of few liability claims will cost substantially less to insure than high performance models. The next list shows insurance premiums for the most cost-effective vehicles to buy insurance for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$954|
|Jeep Wrangler Rubicon 4WD 2-Dr||$973|
|Ford Focus SE 4-Dr Sedan||$1,009|
|Toyota RAV4 Limited 4WD||$1,028|
|Toyota Tacoma Double Cab 4WD||$1,038|
|GMC Sierra SLE Crew Cab 2WD||$1,028|
|Chevrolet Silverado LS Extended Cab 4WD||$1,035|
|Chevrolet Equinox LS AWD||$1,028|
|Volkswagen Jetta S 2.5 Station Wagon||$1,036|
|Honda Accord EX-L 4-Dr Sedan||$1,066|
|Ford Escape Limited 4WD||$1,071|
|Hyundai Elantra GLS 4-Dr Sedan||$1,085|
|Hyundai Sonata GLS 4-Dr Sedan||$1,101|
|Kia Optima LX||$1,108|
|Ford Edge SEL 2WD||$1,108|
|Dodge Ram Quad Cab TRX4 Off Road 2WD||$1,120|
|GMC Sierra 3500HD SLE Extended Cab 2WD||$1,125|
|Jeep Grand Cherokee Laredo 4WD||$1,129|
|Chevrolet Malibu LS||$1,135|
|Dodge Grand Caravan Crew||$1,152|
|Nissan Altima 2.5 4-Dr Sedan||$1,162|
|Toyota Camry Hybrid||$1,177|
|Find Cheaper Rates Go|
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 multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Premium costs do not factor in Colorado location which can lower or raise auto insurance rates significantly.
By looking at the data, makes and models like the Honda CR-V, Toyota Prius, Jeep Wrangler, Ford Focus, and Toyota RAV4 are most likely to be a few of the cheapest vehicles to insure for teachers and educators.
Discounts on Colorado auto insurance rates
Car insurance companies that offer quotes for teachers may also give you rate discounts that could reduce prices by 25% or more if you meet eligibility requirements. A few popular companies and some of the premium reductions they offer are outlined below.
- American Family may include discounts for air bags, good driver, defensive driver, multi-vehicle, and TimeAway discount.
- Farm Bureau has savings for multi-vehicle, good student, multi-policy, driver training, safe driver, 55 and retired, and renewal discount.
- State Farm discounts include accident-free, Steer Clear safe driver discount, multiple policy, good driver, and safe vehicle.
- Travelers offers discounts including hybrid/electric vehicle, home ownership, IntelliDrive, multi-car, and save driver.
- The Hartford offers discounts for air bag, driver training, bundle, defensive driver, and good student.
- GEICO offers premium reductions for anti-lock brakes, air bags, five-year accident-free, driver training, and military active duty.
- Progressive has discounts for multi-policy, good student, multi-vehicle, continuous coverage, homeowner, online signing, and online quote discount.
The example below compares yearly insurance costs with and without discounts. The costs are based on a male driver, no accidents, no driving violations, Colorado state minimum liability limits, full coverage, and $500 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with safe-driver, multiple vehicle, vehicle safety, claim-free, anti-theft, and defensive driving course discounts applied. In this example, the average savings per year on auto insurance for teachers is 28% or $626.
Picking the best company can be rather challenging considering how many choices drivers have in Colorado. The company information shown below can help you pick which car insurance companies to look at purchasing a policy from.
These ratings include the largest auto insurers in America, so companies without a large exposure are not included in these rankings. To compare prices from these and other companies in Colorado, follow this link.
Top 10 Large Auto Insurers in Colorado Ranked by Customer Service
- State Farm
- The Hartford
- The General
- AAA Insurance
- American Family
Why you should be comparing rates
Colorado auto insurance rates are impacted by many things which can substantially decrease or increase the price you have to pay for coverage. Simply turning a year older, adding a teenager to your policy, or getting a speeding ticket can cause premium changes that can now make some companies more affordable than the competition. Not only may your situation change, but insurance companies amend pricing as often as every three months as an adjustment for underwriting gains or losses. Heavier than normal losses may result in rate increases, while less frequent claims may produce more affordable Colorado car insurance rates.
For example, the bar chart below compares the cheapest car insurance in Colorado for a 30-year-old male driver with a clear driving record, no claims, and a good credit rating. When quoting prices based on his personal risk profile, The Hartford might quote the lowest car insurance rates in Colorado at $850 a year. This is $728 less than the average price paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Auto-Owners also make the list of the cheapest Colorado auto insurance companies.
In this next rate comparison, we will give the driver from above a claim surcharge, a lower credit score, and a traffic ticket or two. Because each insurer has a different formula for setting rates, comparing quotes may now present a completely different list of affordable companies as shown below.
Travelers now has the lowest price in Colorado with State Farm, American Family, Grange, and Progressive also having competitive pricing. This demonstrates why consumers need to take the time to perform an extensive rate comparison when trying to get the most budget-friendly car insurance rates for teachers. Car insurance prices are influenced by many risk factors and change substantially, so the cheapest option when you last compared rates may now cost much more than other companies.