The make and model of vehicle you are seeking coverage for is one of the main factors when comparing cheaper car insurance for a learners permit. Vehicles with limited speed and performance, a plethora of safety features, or low incidents of liability claims will cost significantly less to insure than higher performance models. The next list showcases car insurance prices for a selection of the most cost-effective automobiles to insure in Colorado.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$3,853|
|Ford Escape XLS 4WD||$3,862|
|Honda CR-V EX-L 2WD||$3,891|
|Volkswagen Jetta S 2.5 Station Wagon||$4,126|
|Hyundai Elantra SE Touring Station Wagon||$4,134|
|Ford Edge SE 2WD||$4,296|
|Jeep Wrangler Sahara 4WD 2-Dr||$4,334|
|Ford Explorer Eddie Bauer 2WD||$4,340|
|Ford Focus S 4-Dr Sedan||$4,532|
|Honda Odyssey EX||$4,541|
|Toyota RAV4 Limited 2WD||$4,570|
|Jeep Grand Cherokee Laredo 4WD||$4,580|
|Dodge Grand Caravan Hero||$4,570|
|Toyota Tacoma Double Cab 4WD||$4,578|
|Chevrolet Malibu LS||$4,570|
|Chevrolet Impala LT||$4,579|
|Ford F-150 Lariat Crew Cab 2WD||$4,605|
|Toyota Camry XLE||$4,805|
|Toyota Corolla S||$4,813|
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Data based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium amounts do not factor in zip code location which can affect rates considerably.
Looking at the numbers, you can expect vehicles like the Honda Accord, Ford Escape, and Honda CR-V should be the less-costly vehicles to insure for new drivers. Auto insurance rates will tend to be higher because of the fact that there is more liability risk for a learners permit, but in general those particular vehicles will most likely have the best rates available.
One of the more important considerations that help determine the price you pay for insurance is where you keep your car in Colorado. Cities with larger populations or higher claim trends like Denver, Aurora, and Ken Caryl likely pay more, whereas areas that tend to be more rural have the luxury of cheap car insurance rates.
The information below lists the priciest cities in Colorado for a learners permit to buy an auto insurance policy in.
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Rates are estimated as the garaging address in Colorado can raise or lower auto insurance rates considerably.
Determining which company offers the cheapest car insurance rates for a learners permit in Colorado requires a tad more effort in order to find the most economical policy. Every car insurance company used slightly different criteria to establish rates, so let's examine the car insurance companies that tend to be cheaper in Colorado.
Compare Cheap Insurance Quotes in Colorado
|Rank||Company||Cost Per Year|
|15||Colorado Farm Bureau||$1,624|
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The Hartford may have some of the lowest car insurance rates in Colorado at around $859 per year. Grange, USAA, Nationwide, and GEICO are also some of the most economical Colorado auto insurance companies.
As the rates illustrate above, if you currently buy coverage from Nationwide and switched to Grange, you could realize annual savings of approxmiately $134. Policyholders with GEICO could save as much as $165 a year, and Auto-Owners customers might reduce prices by as much as $181 a year.
To see if your current coverage is too expensive, click here to start your custom quote or quote rates from the companies below.
It's important to note that these rates are averages for all drivers and vehicles and are not factoring in a price surcharge for a learners permit. So the car insurance company that can offer you the best rate may not even be in the list above. That underscores the importance of why you need to quote rates from many companies using your own driver information and specific vehicle type.
Illustration showing the impact of accidents and violations
The best way to receive low car insurance prices in Colorado for new drivers is to drive safely and avoid accidents and traffic citations. The example below shows how traffic citations and at-fault claims drive up auto insurance rates for different age groups of insureds. The rate quotes are based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no discounts are taken into consideration.
The data in the chart shows the average cost of a car insurance policy in Colorado per year with no accidents and a clean driving record is $2,465. Receive two speeding tickets and the average cost jumps to $3,267, an increase of $802 each year. Now add two accidents along with the two speeding tickets and the annual cost of car insurance for a learners permit in Colorado increases to an average of $6,254. That's an increase of $3,789, or $316 per month, just for not driving carefully!
Finding the highest-rated auto insurance company can be rather challenging considering how many companies provide coverage in Colorado. The company ratings shown next can help you analyze which auto insurers to look at when comparing rate quotes. These rankings are only comprised of companies who write in the majority of U.S. states, so companies without a large exposure are not factored into this list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
The importance of comparing Colorado car insurance rates
Colorado car insurance rates are based on many factors that can increase the price you have to pay. Improving your credit rating, adding a teenager to your policy, or getting a ticket for running a stop sign may generate price changes that may make certain companies more affordable than others. In addition to those changes, insurance companies amend premium rates every year as an adjustment for underwriting gains or losses. Larger than normal claims may cause additional price hikes, while a better loss history can result in cheaper Colorado car insurance rates.
For example, the data below shows the cheapest car insurance in Colorado for a 45-year-old female driver with no prior claims, no tickets, and a high credit rating. If we estimate prices based on her current rating profile, The Hartford quotes the most affordable 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 GEICO also make the list of the top five cheapest Colorado auto insurance companies.
Now we will give the driver from above a chargable accident, a lower credit rating, and a traffic ticket or two. Since each insurance company has a unique approach for filing rates in each state, getting updated rate quotes will most likely result in a substantially altered list of the cheapest companies as shown below.
Travelers now has the lowest price in Colorado with State Farm, American Family, Progressive, and Grange completing the list. This demonstrates why it is critical to compare rates when trying to get the most affordable car insurance rates for a learners permit.
Insurance prices are influenced by many different factors and can change substantially, so the lowest-price company when you last compared rates may now be one of the higher cost companies.
How to find cheaper insurance for a learners permit in Colorado
Here are some of the recommended penny-pinching suggestions that can help you quote low-cost auto insurance.
- Pay for smaller claims out-of-pocket
- Safer vehicles generally have cheaper insurance rates
- Save money by obeying traffic laws and keeping a clean driving record
- Bundle car and home insurance and save money
- Accidents can significantly increase rates
- Shop around for cheaper prices often
The last tip is extraordinarily crucial, as we stressed in the article above. Coverage prices vary considerably, so don't be tentative to switch to a new company if a lower-cost policy is available.
Staying with the same car insurance company is fine, but we do not recommend it if that stubbornness costs you big bucks every year. Now is a great time to compare prices and find cheaper insurance for a learners permit.