For hybrids, one of the largest criteria that are used to help calculate the amount you pay for auto insurance is your zip code. Areas with increased crime or more people like Pueblo, Lakewood, and Commerce City likely pay more, whereas areas with lower crime rates and fewer weather claims benefit from having to pay less for coverage.
The table below sorts the most costly cities in Colorado for hybrid vehicles to buy auto insurance in.
|Rank||City||Premium Per Year|
|Find the Best Rates Go|
Annual rates are estimated as the specific area where the vehicle is garaged can affect price quotes noticeably.
Finding dependable, budget insurance is challenging, and deciding which insurers offer the cheapest car insurance rates for hybrid vehicles in Colorado requires a little more work.
Each auto insurer uses a little different formula for determining rates in each state, so we need to take a look at the car insurance companies that tend to be cheaper in Colorado. It's important that readers know that Colorado car insurance rates are based on many factors that can increase the price of coverage. Getting older, becoming a homeowner, or getting a couple of tickets can trigger rate changes that may make certain companies more affordable than competitors.
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The Hartford has some of the lowest car insurance rates in Colorado at around $859 a year. Grange, USAA, Nationwide, and Auto-Owners would also be considered some of the more affordable Colorado car insurance companies.
As illustrated above, if you have coverage with USAA and switched to The Hartford, you might realize a yearly price reduction of in the vicinity of $180. Colorado drivers with Nationwide may save as much as $296 a year, and Auto-Owners insureds might realize rate reductions of up to $309 a year.
Remember that these estimates are averaged for all types of insureds and vehicles and and are not figured with a rate decrease for hybrid vehicles. So the car insurance company that can offer you the best price may not even be in the top 21 companies shown above. That point stresses why you need to compare prices as often as possible using your own specific driver information and vehicle.
Picking a highly-rated company is difficult considering how many choices you have in Colorado. The company information shown next may help you analyze which auto insurers to look at when trying to find the cheapest insurance for hybrid vehicles.
These rankings are for the largest companies in America, so companies that only write business in Colorado or surrounding areas are not included in these rankings. To compare rates from these companies and more, click this link.
Top 10 Major Auto Insurers Overall in Colorado
- American Family
- State Farm
- The Hartford
- AAA Insurance
- The General
- Titan Insurance
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Insurance companies that provide policies for hybrid vehicles may additionally offer price discounts that may potentially lower prices by as much as 30% if you meet specific eligibility requirements. Popular car insurance companies and the discounts they provide are:
- Progressive has savings for multi-policy, good student, multi-vehicle, online quote discount, homeowner, and continuous coverage.
- AAA offers discounts including anti-theft, good driver, multi-policy, multi-car, and good student.
- Farmers Insurance includes discounts for alternative fuel, good student, pay in full, bundle discounts, mature driver, teen driver, and switch companies.
- GEICO policyholders can earn discounts including daytime running lights, military active duty, anti-theft, air bags, and seat belt use.
- Esurance may have discounts that include good student, homeowner, Switch & Save, good driver, and defensive driver.
- SAFECO may offer discounts for homeowner, multi-car, bundle discounts, accident prevention training, and teen safe driver.
- State Farm may include discounts for good student, multiple autos, safe vehicle, accident-free, multiple policy, good driver, and student away at school.
The illustration below illustrates the comparison of yearly insurance costs with and without some available policy discounts. The rate quotes are based on a female driver, no claims or violations, Colorado state minimum liability limits, comp and collision included, and $250 deductibles. The first bar for each age group shows the price with no discounts. The second bar shows the rates with defensive driving course, anti-theft, multiple policy, vehicle safety, homeowner, and claim-free discounts applied. When these discounts are applied, the the average amount saved on car insurance for hybrid vehicles is 28% or $653.
The illustration below highlights how deductible choice can increase or decrease premium costs when researching cheap insurance for hybrid vehicles in Colorado. The prices are based on a single female driver, full coverage, and no discounts are applied to the premium.
The chart above illustrates that a 40-year-old driver could cut expenses by $376 a year by changing from a $100 deductible to a $500 deductible, or save $566 by selecting a $1,000 deductible. Youthful drivers, like the Age 20 category, could save as much as $966 or even more by using a higher deductible. If you do make the decision to raise your deductibles, it will be required to have enough funds in savings to enable you to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
You are probably paying too much for car insurance
Colorado car insurance rates are impacted by many factors that can increase the policy premium. Simply improving your credit, having a teenage driver, or getting a speeding ticket can cause premium changes that can now make some companies much cheaper than others. Not only may your risk profile change, but companies change prices as needed to ensure their profitability. Significantly higher losses can result in more expensive premiums, while a better loss history may produce lower-cost Colorado car insurance rates.
For instance, the data below analyzes the cheapest car insurance in Colorado for a 35-year-old male driver with no violations or accidents, and a good credit rating. If we compare prices based on his personal profile, The Hartford quotes the most affordable car insurance rates in Colorado at $834 each year. This is $744 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Auto-Owners are also included in the cheapest Colorado auto insurance companies.
Now let's give the driver in the first chart some claims, slightly worse credit, and a couple of points charged on his driving record. Because each company has a different formula to set their prices, comparing rates may result in a significantly different list of affordable companies as shown below.
Travelers now has the lowest price on auto insurance in Colorado with State Farm, American Family, Progressive, and Amica now rounding out the top five. This demonstrates why consumers need to compare rates to get the cheapest insurance quotes for hybrid vehicles. Car insurance prices are made up of many different factors and change dramatically, so the best price a year ago may now be one of the more expensive options.