Deciphering which insurers offer the most affordable insurance rates for 20 year old women in Colorado will involve a bit more work in order to find the lowest price quote. Each insurance company uses a different method to establish rates, so let's rank the insurance companies with the most affordable rates in Colorado.
Keep in mind that Colorado insurance rates are impacted by many factors that control the price you pay for coverage. Simply having another birthday, buying a new vehicle, or having an at-fault accident may generate price changes that can make some companies more affordable than the competition.
Lowest Insurance Price Quotes for Women Age 20
The Hartford may have some of the lowest car insurance rates in Colorado at around $859 per year. Grange, USAA, Nationwide, and GEICO also rank well as some of the cheapest Colorado auto insurance companies.
As shown in the rates above, if you currently buy coverage from Nationwide and switched to The Hartford, you may see an annual premium reduction of approxmiately $284. Policyholders with GEICO may save as much as $293 a year, and Auto-Owners policyholders might see rate reductions of $309 a year.
To see if you're overpaying, click here to begin a quote or visit any of the companies below.
Remember that these rates are averaged for all insureds and vehicles and do not take into consideration a rate surcharge for 20 year old women. So the insurer that can offer you the lowest price may not even be in the list above. That's why you need to get rate quotes from many companies using your own personalized driver profile and vehicle information.
One of the more important considerations that aid in calculating the annual cost of car insurance is where you choose to live. Areas with more people or more claims like Pueblo, Denver, and Commerce City are more likely to pay higher prices, whereas areas with less congestion tend to receive slightly lower rates.
The table below lists the highest-priced places in Colorado for 20 year old women to purchase auto insurance in.
|Rank||City||Average Per Year|
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Prices are comparative as the specific geographic location can affect price quotes noticeably.
The make and model of vehicle you are trying to insure is one of the largest factors when comparing quotes for cheap car insurance for 20 year old women. Vehicles with limited speed and performance, a plethora of safety features, or low incidents of liability claims will cost substantially less to insure than high performance models. The data below illustrates coverage prices for a number of the more afforable automobiles to insure in Colorado.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda Accord LX-P 4-Dr Sedan||$1,888|
|Honda CR-V LX 4WD||$1,894|
|Ford Escape Limited 2WD||$1,917|
|Honda Odyssey LX||$2,087|
|Jeep Wrangler Rubicon 4WD 2-Dr||$2,117|
|Ford F-150 XL Super Cab 4WD||$2,126|
|Volkswagen Jetta 2.0T Station Wagon||$2,188|
|Ford Focus SE 4-Dr Sedan||$2,209|
|Toyota RAV4 2WD||$2,239|
|Chevrolet Equinox LS AWD||$2,245|
|Dodge Grand Caravan Crew||$2,266|
|Ford Explorer Limited 4WD||$2,271|
|Chevrolet Malibu LT||$2,266|
|Hyundai Elantra Blue 4-Dr Sedan||$2,331|
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Data based on single female driver age 20, 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 your specific Colorado location which can influence insurance rates significantly.
Based upon the table data, you can figure that cars like the Honda Accord, Honda CR-V, Ford Escape, and Toyota Prius will definitely be the cheapest vehicles to insure for young women. Car insurance rates will tend to be more expensive anyway because of the fact that there is more liability exposure for 20 year old women, but in general those particular vehicles will tend to have the least expensive rates that you'll find.
Colorado insurance companies ranked
Buying coverage from a high-quality insurance company is difficult considering how many choices drivers have in Colorado. The rank data displayed below can help you choose which providers you want to consider comparing price quotes from. These ratings only include companies who write in the majority of U.S. states, so smaller companies are not included in the list.
Top 10 Large Auto Insurance Companies in Colorado Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- Titan Insurance
- The Hartford
- The General
Top 10 Large Auto Insurance Companies in Colorado Ranked by Customer Service
- State Farm
- The Hartford
- The General
- AAA Insurance
- American Family
Full coverage versus liability only rates
Saving on insurance is the goal of the majority of people, and one way to lower the cost of insurance for 20 year old women in Colorado is to only buy liability insurance. The information below visualizes the comparison of annual premium costs when comparing full coverage to liability only. The premiums assume a clean driving record, no at-fault accidents, $500 deductibles, single marital status, and no additional discounts are factored in.
As an overall average, physical damage coverage on your policy costs $1,656 per year more than insuring for liability only. That brings up the question if it's worth it to buy full coverage. There is no clear-cut formula to exclude physical damage insurance, but there is a broad guideline. If the annual cost of coverage is more than 10% of the settlement you would receive from your company, then it may be the right time to buy liability only.
Drive safe and save
The recommended way to maintain the best insurance prices for young women is to be a good driver and avoid accidents and traffic violations. The illustration below demonstrates how speeding tickets and at-fault accidents can increase car insurance costs for each age group. The prices are based on a single female driver, comp and collision included, $500 deductibles, and no other discounts are factored in.
In the previous example, the average cost of a car insurance policy per year with no accidents and a clean driving record is $2,102. Get one speeding ticket and the average cost hikes up to $2,385, an increase of $282 each year. Then throw in two accidents along with the one speeding ticket and the annual cost of insurance for 20 year old women in Colorado goes up to an average of $4,939. That's an increase of $2,837, or $236 per month, just for not driving carefully!
How to find low-cost insurance for 20 year old women
Here are a few thrifty solutions that can help you locate lower-cost auto insurance.
- Buy a car with high safety ratings
- At-fault accidents will increase rates
- Raise deductibles
- You will pay more if you get tickets or have at-fault accidents
- Clean up your credit
- Comparison shop frequently
The last suggestion is certainly critical, as was discussed in the prior information. Prices can change significantly in a year, so don't be tentative to switch companies if you find a better deal. Loyalty to a specific company is fine, but is isn't recommended if that loyalty ends up costing a small fortune year after year. Now is a great time to compare rates and find cheaper auto insurance for 20 year old women.