The words "bargain" and "insurance" probably shouldn't be used in the same sentence, especially when shopping around for the lowest insurance rates for handicapped drivers. Because of the high cost, let's take a look at some of the factors that have a considerable impact on auto insurance premiums, and see if we can help you cut the cost of the next policy you buy.

The vehicle you are seeking coverage for is one of the primary factors that determines if you can find the best coverage for handicapped drivers. Vehicles with average performance, an excellent safety record, or a low likelihood of having liability claims will cost substantially less to insure than adrenaline junky models.

The data below illustrates coverage costs for a handful of the most affordable automobiles to insure.

Cheapest Vehicles to Insure for Handicapped Drivers in Colorado
Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 4WD $984
Ford Edge SE AWD $1,009
Honda Odyssey EX $1,017
Toyota Prius $1,059
Ford Escape Limited 4WD $1,066
Ford Explorer XLT AWD $1,068
Toyota Tacoma 4WD $1,078
Ford F-150 XLT Regular Cab 2WD $1,080
Toyota Camry SE $1,085
Nissan Altima 2.5 S 4-Dr Sedan $1,091
Hyundai Sonata GLS 4-Dr Sedan $1,101
GMC Sierra 2500HD SLE Crew Cab 4WD $1,104
GMC Sierra SLT Extended Cab 2WD $1,109
Chevrolet Malibu LTZ $1,104
Volkswagen Jetta 2.0T Station Wagon $1,122
Chevrolet Equinox LS 2WD $1,129
Toyota RAV4 2WD $1,139
Ford Focus S 4-Dr Sedan $1,135
Nissan Rogue SL AWD $1,158
Honda Accord EX-L 2-Dr Coupe $1,177
Dodge Grand Caravan Crew $1,188
Toyota Corolla S $1,192
Hyundai Elantra SE 4-Dr Sedan $1,201
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, multi-vehicle, multi-policy, safe-driver, and homeowner. Rate information does not factor in zip code location which can change prices noticeably.

Based upon the table data, we can tell that vehicles like the Honda CR-V, Ford Edge, Honda Odyssey, and Toyota Prius will definitely be a few of the more affordable vehicles to insure for drivers with handicaps.

One of the more important criteria that determine auto insurance rates is where you keep your vehicle in Colorado. Regions with more people or even just more weather-related claims like Pueblo, Aurora, and Lakewood are more likely to pay higher prices, whereas more rural areas get the luxury of paying less.

The following table ranks the most expensive places in Colorado for handicapped drivers to purchase car insurance in.

Most expensive Colorado cities for auto insurance
Rank City Annual Rate
1 Pueblo $1,440
2 Denver $1,439
3 Aurora $1,403
4 Security-Widefield $1,343
5 Lakewood $1,337
6 Commerce City $1,328
7 Arvada $1,308
8 Littleton $1,293
9 Northglenn $1,290
10 Colorado Springs $1,290
11 Ken Caryl $1,287
12 Thornton $1,281
13 Centennial $1,265
14 Castle Rock $1,248
15 Brighton $1,235
16 Westminster $1,234
17 Parker $1,233
18 Highlands Ranch $1,229
19 Boulder $1,207
20 Broomfield $1,167
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Price information shown is estimated as zip code location can impact coverage rates substantially.

Finding out which companies have the cheapest auto insurance rates for handicapped drivers in Colorado will take a little more work than just picking a company at random.

Each company has a different process to determine rates, so let's take a look at the auto insurance companies that tend to be cheaper in Colorado. It's a good idea to know that Colorado auto insurance rates are calculated based on many things which can substantially change the price of coverage. Simply turning a year older, getting divorced, or having an accident can trigger rate changes that can now make some companies cheaper than others.

Cheap Insurance Rates in Colorado

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Colorado auto insurance company rankings
Rank Company Cost Per Year
1 The Hartford $850
2 Grange $978
3 USAA $1,039
4 GEICO $1,141
5 Nationwide $1,143
6 Auto-Owners $1,156
7 Travelers $1,219
8 State Farm $1,222
9 American Family $1,262
10 Amica $1,340
11 Progressive $1,362
12 Allied $1,439
13 California Casualty $1,502
14 Farmers $1,565
15 Colorado Farm Bureau $1,592
16 MetLife $1,811
17 Allstate $1,994
18 Encompass $2,253
19 Safeco $2,522
20 Titan $2,630
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The Hartford may offer some of the best car insurance rates in Colorado at around $850 annually. This is $728 less than the average premium paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide would also be considered some of the most economical Colorado insurance companies.

As the rates illustrate above, if you currently have coverage with USAA and switched to The Hartford, you may see a yearly price reduction of roughly $189. Drivers with GEICO could save as much as $291 a year, and Nationwide policyholders might realize rate reductions of up to $293 a year.

These prices are averaged for all insureds and vehicles and do not take into consideration a price discount for handicapped drivers. So the car insurance company that has the lowest price for you may not even be in the top 21 companies shown above. That point stresses why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.

Insuring your vehicle with a high-quality insurance provider can be a challenge considering how many companies are available to choose from in Colorado. The company information displayed below can help you select which auto insurers you want to consider when shopping your coverage around.

The ratings below are only made up of companies with a national presence, so companies that may only write in Colorado are not factored into these rankings. If you wish to compare prices from these and other companies in Colorado, follow this link.

Top Auto Insurance Companies for Handicapped Drivers in Colorado
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
USAA 98 100 100 94% A++ 98.6
American Family 98 89 100 86% A 95.4
State Farm 88 93 96 90% A++ 92.4
The Hartford 94 92 90 89% A+ 91.7
AAA Insurance 88 89 95 91% A 91.2
GEICO 84 93 93 89% A++ 90.3
The General 89 91 89 88% A- 90
Titan Insurance 90 87 91 95% A+ 89.6
Progressive 84 91 93 87% A+ 89.5
Allstate 85 90 92 88% A+ 89.3
Nationwide 87 88 84 90% A+ 88.7
Liberty Mutual 84 87 93 88% A 88.5
21st Century 85 86 87 88% A 86.7
Esurance 85 80 95 87% A+ 85.9
Safeco 85 85 85 86% A 85.8
Travelers 80 87 87 83% A++ 85.2
Farmers Insurance 78 87 88 79% A 84.3
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Data Source: Best Car Insurance Companies

The diagram below illustrates how your deductible choice can increase or decrease insurance costs when getting quotes for cheap insurance for handicapped drivers in Colorado. The premiums assume a single female driver, full physical damage coverage, and no other discounts are factored in.

A 50-year-old driver could cut expenses by $388 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $586 by choosing a $1,000 deductible. Youthful drivers, like the Age 20 category, could drop their prices up to $990 each year just by choosing larger deductibles. When insureds make the decision to increase the deductibles on their policy, it is necessary to have enough spare savings to be able to cover the extra out-of-pocket expense, which deters some people from using high deductibles.

Full coverage rates vs. liability-only

Buying cheaper auto insurance should be important to the majority of drivers, and a good way to reduce the cost of insurance for handicapped drivers in Colorado is to only buy liability insurance. The illustration below shows the difference between auto insurance costs with and without physical damage coverage. The rate quotes are based on no accidents or driving violations, $1,000 deductibles, single marital status, and no discounts are taken into consideration.

If we average the cost for ages 20 through 70, full coverage on your policy costs an extra $1,967 per year more than just buying liability only. That is a significant amount which raises the question if you should buy full coverage. There is no definitive formula to drop comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than 10% of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

For example, let's say your vehicle's book value is $11,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most you would receive is $10,000 after paying your policy deductible. If you are paying over $1,000 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are some conditions where eliminating full coverage is not recommended. If you have an outstanding loan on your vehicle, you must maintain physical damage coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should keep full coverage on your policy.

The benefit of shopping around

Colorado auto insurance rates are determined by lots of factors which can significantly increase or decrease the cost of a policy. Improving your credit score, buying another vehicle, or getting a DUI may prompt premium changes that can cause some rates to be more affordable than before. Additionally, companies modify pricing every year or even multiple times each year to help ensure profitability. A period of increased losses may result in a rate increase, while a profitable period can produce cheaper Colorado car insurance rates.

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 a clean driving record, no accidents, and solid credit. If we compare prices based on his personal profile, The Hartford may offer the cheapest car insurance rates in Colorado at $850 per year. This is $728 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Travelers also make the list of the cheapest Colorado auto insurance companies.

The next chart shows rates after we give the driver in the first example an accident claim, poor credit, and a blemish on his driving record. Since each auto insurance company uses a different method to establish rates, comparing quotes may now result in a different ranking of companies as shown below.

Auto-Owners now has the best price on car insurance in Colorado with State Farm, American Family, Progressive, and Amica now rounding out the top five. This illustrates why consumers need to shop around when trying to get the most affordable insurance rates for handicapped drivers. Prices are influenced by many different factors and can change substantially, so the cheapest option a year ago may now not even be in the top five.