For teen drivers, one of the more important considerations that are looked at to help calculate the cost of insurance is where you live in Colorado. Larger areas like Pueblo, Aurora, and Lakewood will most likely have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims have the gratification of cheaper auto insurance rates.
The table below sorts the most costly cities in Colorado for teenagers in which to purchase auto insurance.
|Rank||City||Average Per Year|
|Quote Best Rates Go|
Premium amounts are estimated as the specific garaging location can lower or raise price quotes substantially.
The vehicle model needing coverage is probably the biggest factor when trying to find low-priced car insurance for teenagers. Vehicles with higher performance, poor crash test ratings, or a track record of large liability claims will cost quite a bit more to insure than more modest models. The list below outlines insurance rates for some of the most budget-friendly vehicles to buy coverage for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$3,508|
|Honda CR-V LX 4WD||$3,513|
|Honda Accord EX-L 4-Dr Sedan||$3,775|
|Ford Explorer Eddie Bauer 2WD||$3,935|
|Volkswagen Jetta 2.0T Station Wagon||$4,040|
|Ford Edge SEL AWD||$4,126|
|Chevrolet Equinox LT 2WD||$4,164|
|Toyota RAV4 4WD||$4,170|
|Chevrolet Silverado LT Extended Cab 4WD||$4,164|
|Jeep Grand Cherokee Laredo 2WD||$4,173|
|Dodge Grand Caravan SXT||$4,200|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$4,208|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$4,353|
|Ford Focus SEL 4-Dr Sedan||$4,355|
|Hyundai Elantra SE 4-Dr Sedan||$4,393|
|Honda Odyssey EX-L W/Rear Entertainment||$4,400|
|Chevrolet Impala LTZ||$4,393|
|Nissan Altima 2.5 S 4-Dr Sedan||$4,398|
|Toyota Camry XLE||$4,393|
|Toyota Corolla XLE||$4,400|
|Ford F-150 Lariat King Ranch 2WD||$4,429|
|Chevrolet Malibu LTZ||$4,437|
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Data rating is based on single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, and safe-driver. Prices do not factor in the specific area where the vehicle is garaged which can decrease or increase coverage rates greatly.
Based upon the rates shown, you can infer that vehicles like the Ford Escape, Honda CR-V, and Honda Accord will definitely be the cheapest vehicles to insure for teen drivers. Prices will be more costly because there is more exposure for teenagers, but generally speaking those specific models will tend to have the lowest prices compared to other vehicles.
Discounts on Colorado insurance
Insurance providers that offer coverage for teenagers may have policy discounts that can lower rates by 40% or more if you are eligible. A list of companies and a summarized list of policyholder discounts are shown below.
- Farm Bureau offers discounts including driver training, youthful driver, good student, multi-policy, safe driver, and 55 and retired.
- MetLife may offer discounts for defensive driver, good student, claim-free, multi-policy, and good driver.
- Progressive offers discounts for homeowner, multi-vehicle, good student, online signing, continuous coverage, multi-policy, and online quote discount.
- AAA has discounts for good student, multi-policy, AAA membership discount, good driver, and education and occupation.
- American Family discounts include good student, multi-vehicle, air bags, mySafetyValet, Steer into Savings, and bundled insurance.
- GEICO may include discounts for five-year accident-free, seat belt use, federal employee, membership and employees, anti-lock brakes, and military active duty.
- State Farm has savings for good student, anti-theft, Steer Clear safe driver discount, multiple autos, accident-free, and Drive Safe & Save.
The example below illustrates the comparison of auto insurance costs with and without discounts applied to the policy premium. The information is based on a male driver, no violations or accidents, Colorado state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with paperless filing, passive restraint, good student, continuous coverage, anti-theft, and paid-in-full discounts applied. When discounts are applied, the the amount saved on auto insurance for teenagers is 28% or $650.
Careless driving habits raise Colorado auto insurance rates
In a perfect world, the best way to score the most affordable auto insurance premiums in Colorado for teen drivers is to drive carefully and avoid accidents and traffic violations. The diagram below demonstrates how citations and accident claims increase insurance rates for different age groups. The price estimates are based on a married male driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.
In the prior example, the average cost of an auto insurance policy in Colorado per year with no accidents or violations is $1,743. Add in two speeding tickets and the average cost swells to $2,412, an increase of $668 each year. Now get one accident along with the two speeding tickets and the 12-month cost of auto insurance for teenagers in Colorado jumps again to an average of $3,079. That's an increase of $1,336, or $111 per month, just for not maintaining a clean driving record!
Ending up with a high-quality company can be rather challenging considering how many different companies sell coverage in Colorado. The rank data below may help you decide which auto insurance companies you want to consider when comparing rate quotes.
These rankings are only made up of large, nationwide insurance companies, so companies that may only write in Colorado are not included in these rankings. If you'd like to compare prices from these and other competitive companies, follow this link.
Top 10 Major Auto Insurance Providers in Colorado Ranked by Customer Satisfaction
- Titan Insurance - 95%
- USAA - 94%
- AAA Insurance - 91%
- Nationwide - 90%
- State Farm - 90%
- The Hartford - 89%
- GEICO - 89%
- Allstate - 88%
- 21st Century - 88%
- The General - 88%