One of the more important criteria that aid in calculating the amount you pay for auto insurance is where your residence is. Areas with more people or more claims will most likely have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates have the benefit of cheaper car insurance.
The information below lists the priciest cities in Colorado to purchase car insurance in. Fort Collins makes the list at #25 with the annual price of $1,056 for car insurance, which is approximately $88 monthly.
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Table data uses estimated as the specific area where the vehicle is garaged can increase or decrease prices greatly.
Now that we see where Fort Collins ranks based on price, deciphering which company quotes the lowest-priced car insurance rates in Fort Collins takes a bit more effort in order to find the best policy.
Each insurer uses a little different formula for filing rates in each state, so let's look at the rankings for the most budget-friendly car insurance companies in Colorado. Keep in mind that Fort Collins car insurance rates are impacted by many factors that control the price you have to pay. Improving your credit rating, moving to a new city, or getting a couple of tickets can trigger rate changes that can make some companies cheaper than others.
Cheap Insurance Rates in Fort Collins
|Rank||Company||Cost Per Year|
|15||Colorado Farm Bureau||$1,640|
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The Hartford quotes some of the most affordable car insurance rates in Fort Collins at around $850 a year. This is $728 less than the average price paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO would also be considered some of the most economical Fort Collins, CO insurance companies.
As shown in the rates above, if you are insured with GEICO and switched to Grange, you could realize an annual premium reduction of upwards of $218. Drivers with Travelers could save as much as $225 a year, and Auto-Owners customers might reduce prices by as much as $234 a year.
These premiums are averaged across all insureds and vehicles and do not factor in an exact vehicle garaging location in Fort Collins. So the car insurance company that has the lowest price for you may not even be in the top 21 companies in the list above. That's why you need to compare prices as often as possible using your own personal information and vehicle type.
The vehicle to be insured is probably the most important factor that determines whether or not you find the most affordable car insurance in Fort Collins. Vehicles with limited speed and performance, a plethora of safety features, or a low likelihood of liability claims will cost significantly less to insure than higher performance models. The table below showcases insurance premiums for a selection of the cheapest automobiles to buy coverage for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford Escape XLS 4WD||$884|
|Honda CR-V EX-L 2WD||$904|
|Honda Accord LX 4-Dr Sedan||$913|
|Ford Focus S 4-Dr Sedan||$939|
|Volkswagen Jetta SE 2.5 Station Wagon||$951|
|Toyota Tacoma Double Cab 4WD||$957|
|Dodge Grand Caravan Hero||$967|
|Honda Odyssey LX||$969|
|Ford Explorer Limited AWD||$975|
|Hyundai Elantra SE Touring Station Wagon||$988|
|Ford F-150 STX Regular Cab 2WD||$1,004|
|Chevrolet Silverado LTZ Crew Cab 4WD||$1,026|
|Honda Civic DX 4-Dr Sedan||$1,028|
|GMC Sierra SLE Crew Cab 2WD||$1,048|
|Chevrolet Impala LT||$1,056|
|Chevrolet Equinox LT 2WD||$1,048|
|Dodge Ram Quad Cab ST 2WD||$1,065|
|Jeep Wrangler Unlimited Sahara 2WD 4-Dr||$1,075|
|Jeep Grand Cherokee Laredo 2WD||$1,079|
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Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Rates do not factor in Fort Collins, CO location which can modify price quotes significantly.
Looking at the numbers, you can see that makes and models like the Ford Escape, Toyota Prius, Honda CR-V, and Honda Accord are going to be some of the cheaper vehicles to insure for drivers in Fort Collins.
Does it make sense to buy full coverage?
Saving money when shopping for car insurance is probably important to the majority of drivers, and an effective way to find cheap insurance in Fort Collins is to not pay for full coverage. The example below illustrates the difference between insurance costs with full coverage and liability only. The prices are based on no driving violations, no at-fault accidents, $250 deductibles, single status, and no additional discounts are factored in.
If all age groups are averaged, full coverage on your policy costs $2,465 per year over and above liability only. Many drivers will wonder if you should buy full coverage. There isn't a written rule that works best for making the decision to drop comp and collision coverage, but there is a general school of thought. If the annual cost of having full coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to consider dropping full coverage.
How to find economical insurance in Fort Collins
It's not impossible to find cheaper rates, and here are some of the recommended thrifty ideas that can help Colorado drivers buy lower-cost coverage.
- Pay lower rates with good credit
- Having at-fault accidents will increase rates
- Do not pay for comprehensive and collision coverage on older vehicles
- The safer your car, the less it costs to insure
- Save money by observing traffic laws and speed limits
- Higher comprehensive and collision coverage deductibles will save money
- Compare rates once a year for cheaper prices
The last suggestion is highly valuable, as was emphasized in this write-up. Prices change frequently, so don't be unwilling to change insurance companies if a cheaper price is available. Loyalty to a specific company is fine, but we do not recommend it if that loyalty ends up costing money that could be used for better things. It only take a few minutes to compare prices and find cheaper insurance in Fort Collins.