Deciphering which companies have the best car insurance rates for drivers with a DUI in Colorado will take a bit more work than just quoting one company's rates.
Each auto insurer has a different formula to establish rates, so to begin we'll rank the car insurance companies with the overall best prices in Colorado. We do need to point out that Colorado car insurance rates are impacted by many factors which can significantly increase or decrease the price you have to pay. Simply having another birthday, getting married, or having a fender bender may cause policy rate changes that may make certain companies more affordable than others.
Find the Cheapest Car Insurance after a DUI
The Hartford may offer some of the most affordable car insurance rates in Colorado at around $825 per year. This is $753 less than the average policy premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO would also be considered some of the more affordable Colorado car insurance companies.
In the rate table above, if you are a policyholder with Grange and switched to The Hartford, you may realize annual savings of roughly $162. Policyholders with USAA might save as much as $184 a year, and Nationwide policyholders might realize rate reductions of up to $318 a year.
To find cheaper insurance rates for your vehicle, click here to begin a quote or quote prices from the following companies.
It's important to note that these estimates are averaged across all ages of drivers and types of vehicles and do not factor in a price increase for drivers with a DUI. So the company that is most affordable for your situation may not even be in the list above. That underscores the importance of why you need to compare rates from multiple companies using your own driver data and vehicle information.
The type of vehicle to be insured is a significant factor when shopping for economical insurance for drivers with a DUI. Vehicles with lots of speed or power, poor passenger safety features, or an increased likelihood of liability claims will cost substantially more to insure than safer models.
The data below shows coverage premiums for the most cost-effective automobiles to insure in Colorado.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$1,225|
|Ford Escape XLT 4WD||$1,383|
|Chevrolet Impala LS||$1,425|
|Ford Focus SE 4-Dr Sedan||$1,431|
|Jeep Grand Cherokee Laredo 4WD||$1,452|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$1,492|
|Hyundai Sonata GLS 4-Dr Sedan||$1,555|
|Dodge Grand Caravan SE||$1,591|
|Ford Explorer XLT AWD||$1,601|
|Chevrolet Malibu LS||$1,600|
|Chevrolet Equinox LS AWD||$1,606|
|Chevrolet Silverado 3500HD LTZ Crew Cab 2WD||$1,614|
|Ford F-150 Lariat Super Cab 2WD||$1,631|
|Toyota Tacoma 2WD||$1,650|
|Toyota Camry Hybrid||$1,663|
|Toyota RAV4 2WD||$1,684|
|Ford Fusion S 4-Dr Sedan||$1,694|
|Ford Edge Sport 2WD||$1,688|
|Honda Odyssey Touring||$1,719|
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Cost estimates assume single female driver age 30, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, and multi-vehicle. Table data does not factor in Colorado location which can lower or raise prices significantly.
Based upon the table data, you can see that makes and models like the Honda CR-V, Ford Escape, Chevrolet Impala, Ford Focus, and Jeep Grand Cherokee will definitely be the cheapest vehicles to insure after getting a DUI. The price of auto insurance will be more costly because of the fact that there is more exposure for drivers with a DUI, but generally speaking those specific models will have the lowest prices available.
Types of discounts on Colorado insurance
Auto insurance companies that offer coverage for drivers with a DUI may have rate discounts that could potentially reduce rates by 25% or more if you qualify for them. Larger car insurance companies and their offered discounts are included below.
- AAA may include discounts for pay-in-full, education and occupation, multi-policy, AAA membership discount, good driver, and anti-theft.
- Progressive may have discounts that include multi-vehicle, online signing, online quote discount, good student, and multi-policy.
- State Farm may offer discounts for good student, passive restraint, multiple autos, Drive Safe & Save, and student away at school.
- Esurance policyholders can earn discounts including safety device, online quote, Pac-12 alumni, anti-lock brakes, claim free, anti-theft, and multi-car.
- Nationwide offers discounts including multi-policy, family plan, anti-theft, Farm Bureau membership, and accident-free.
The information below illustrates the difference between insurance costs with and without discounts being applied to the rates. The rates are based on a female driver, no accidents and one citation, Colorado state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with multiple policy, paperless filing, multiple vehicle, continuous coverage, vehicle safety, and homeowner discounts applied. When drivers take advantage of discounts, the the amount saved on car insurance for drivers with a DUI is 28% or $480.
Difference between liability only and full coverage rates
Saving on car insurance is important to most drivers, and an effective way to find cheaper insurance for drivers with a DUI in Colorado is to not insure for full coverage. The diagram below shows the difference between insurance rates when comparing full coverage to liability only. The data is based on no claims or violations, $500 deductibles, drivers are not married, and no other discounts are factored in.
If averaged out across all ages, comp and collision coverage costs $1,813 per year more than just buying liability only. That proposes the question if it's a good idea to buy full coverage. There is no written rule for dropping full coverage on your policy, but there is a general guideline you can use. If the annual cost of coverage is more than about 10% of any settlement you would receive from your insurance company, then you may need to consider dropping full coverage.
For example, let's say your vehicle's settlement value is $8,500 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $7,500 after you pay the deductible. If it's costing in excess of $750 annually to have full coverage, then you may need to consider dropping full coverage.
Shop around and save
Colorado car insurance rates are impacted by many things which can substantially change the price you pay. Improving your credit score, buying a different home, or getting a couple of tickets can produce rate changes resulting in some rates now being affordable when they were higher priced. Also, insurance companies change premium rates without warning in order to be able to pay unexpected claims. An unexpected high level of claims can cause more expensive premiums, while long-term profits may cause lower-priced Colorado car insurance rates.
As an example, the bar chart below shows a variety of companies that have the cheapest car insurance in Colorado for a 35-year-old male driver with no prior claims, no tickets, and solid credit. If we estimate rates based on his personal risk profile, The Hartford might offer the most affordable car insurance rates in Colorado at $859 a year. This is $719 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO round out the rest of the cheapest Colorado auto insurance companies.
The chart below compares rates after we give the driver from above a chargable accident, bad credit, and a traffic citation. Since each auto insurance company uses a different method to set policy rates, comparing prices most likely will result in a completely different list of affordable companies as shown below.
Travelers now has the lowest price in Colorado with State Farm, Grange, American Family, and Progressive now rounding out the top five. This illustrates why it is important to shop around with many companies when trying to get the most affordable auto insurance rates for drivers with a DUI. Insurance prices are calculated by many different factors and change substantially, so the best company two years ago may now be quite expensive.
How to find budget-friendly car insurance for drivers with a DUI
Lowering your rates is not difficult, and here are some money-saving solutions that can help drivers quote cheap auto insurance.
- Be a safe driver
- Safe vehicles generally have lower rates
- Maintaining good credit helps earn cheaper rates
- Increase your policy deductibles
- Do not insure for full coverage
- Avoid at-fault accidents and claims
- Keep rates low by comparing prices once a year
That last idea is highly valuable, as we discussed in the prior information. Insurance prices can change considerably based on profitability, so drivers shouldn't hesitate to buy a policy from a new company if you find a better deal. We understand brand loyalty, but it's not recommended if that devotedness results in you overpaying potentially thousands of dollars a year. In just a couple of minutes you could shop around to find cheaper auto insurance for drivers with a DUI.