Establishing which company has the lowest-priced auto insurance rates in Highlands Ranch will require a tad more effort in order to find the best price. Each auto insurer has a proprietary formula for setting rates, so let's rank the auto insurance companies with the overall cheapest rates in Highlands Ranch.
It's a good idea to be aware that Highlands Ranch, CO auto insurance rates are impacted by many factors that may substantially change the price you have to pay. Simply turning a year older, getting divorced, or getting a driving violation can produce rate changes that can make some companies cheaper than competitors.
The Hartford normally has some of the lowest car insurance rates in Highlands Ranch at around $825 each 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 cheaper Highlands Ranch, CO auto insurance companies.
As shown in the table above, if you buy coverage from Nationwide and switched to The Hartford, you might achieve annual savings of in the vicinity of $318. Colorado drivers with GEICO could save as much as $327 a year, and Auto-Owners insureds might cut rates by $367 a year.
To find cheaper insurance rates for your vehicle, click here or visit several of the following companies.
Understand that those rates are averaged across all ages of drivers and types of vehicles and do not take into consideration a specific vehicle garaging location in Highlands Ranch. So the car insurance company that fits you best may not even be in the top 21 companies shown above. That emphasizes why you need to compare as many prices as possible using your own driver data and vehicle information.
For drivers in Highlands Ranch, one of the more important criteria that are looked at to help calculate the cost of insurance is your address. Areas with a lot of weather claims or more people tend to have higher auto insurance costs, whereas less populated areas have the luxury of lower rates.
The information below lists the highest-priced places in Colorado to buy auto insurance in. Highlands Ranch is ranked #18 with an annual premium of $1,229 for car insurance, which is about $102 monthly.
|Rank||City||Average Per Year|
|Quote Best Rates Go|
Prices are approximated as the specific geographic location can raise or lower price quotes noticeably.
The make and model of vehicle that is being insured is probably the largest consideration when comparing quotes for the most affordable car insurance in Highlands Ranch. Vehicles with lower performance, excellent safety ratings, or low incidents of liability claims will cost significantly less to insure than adrenaline junky models. The list below ranks auto insurance costs for a number of the cheapest vehicles to insure in Colorado.
|Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 4WD||$874|
|Honda Accord LX 4-Dr Sedan||$953|
|Hyundai Elantra GLS Touring Station Wagon||$962|
|Ford Escape XLT 4WD||$955|
|Toyota Tacoma 4WD||$957|
|Ford Explorer XLT 2WD||$962|
|Toyota RAV4 Limited 4WD||$1,009|
|Toyota Camry LE||$1,019|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,063|
|Ford F-150 XLT Super Cab 2WD||$1,068|
|Chevrolet Impala LS||$1,074|
|Kia Optima LX||$1,081|
|Jeep Wrangler Unlimited Sahara 4WD 4-Dr||$1,095|
|Chevrolet Equinox LS 2WD||$1,099|
|Get a Custom Quote Go|
Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Price information does not factor in specific Highlands Ranch, CO garaging location which can increase or decrease price quotes noticeably.
By looking at the data, you can expect vehicles like the Honda CR-V, Toyota Prius, and Honda Accord are likely to be the most affordable vehicles to insure for drivers in Highlands Ranch.
Discounts on Highlands Ranch auto insurance rates
Auto insurance companies that offer coverage in Highlands Ranch may provide discounts that could lower prices by as much as 35% or more if you can meet the requirements. A list of companies and a summarized list of policyholder discounts can be read below.
- GEICO policyholders can earn discounts including driver training, multi-policy, five-year accident-free, emergency military deployment, multi-vehicle, good student, and daytime running lights.
- Auto-Owners Insurance offers premium reductions for safe vehicle, anti-lock brakes, teen driver, student away at school, multiple vehicles, group or association, and safe driver.
- American Family includes discounts for early bird, good driver, mySafetyValet, Steer into Savings, and good student.
- Esurance offers discounts for claim free, online quote, good driver, anti-lock brakes, Pac-12 alumni, homeowner, and emergency road assistance.
- Progressive discounts include good student, online signing, multi-policy, homeowner, online quote discount, and multi-vehicle.
- State Farm offers discounts including good driver, anti-theft, driver's education, accident-free, student away at school, Drive Safe & Save, and multiple policy.
- AAA has savings for AAA membership discount, pay-in-full, multi-car, multi-policy, good driver, and anti-theft.
The illustration below compares insurance rates with and without discounts applied to the policy premium. The rates are based on a female driver, no claims or driving violations, Colorado state minimum liability limits, comp and collision included, and $1,000 deductibles.
The first bar for each age group shows the average rate with no discounts. The second shows the rates with claim-free, accident-free, passive restraint, anti-theft, multiple vehicle, and vehicle safety discounts applied. When taking advantage of discounts, the average amount saved each year on auto insurance in Highlands Ranch is 28% or $424.
Tickets and at-fault accidents raise rates
The ideal way to score the cheapest auto insurance rates in Colorado for drivers in Highlands Ranch is to be a cautious driver and avoid tickets and accidents. The chart below demonstrates how traffic citations and at-fault fender-benders drive up car insurance costs for each different age group. The premium estimates are based on a single female driver, comp and collision included, $100 deductibles, and no discounts are applied.
The data charted above shows the average cost of auto insurance per year with no accidents and a clean driving record is $1,909. Get written up for one speeding ticket and the average cost surges to $2,162, an increase of $253 each year. Then add two accidents along with the one speeding ticket and the 12-month cost of auto insurance in Highlands Ranch goes up to an average of $4,293. That's an increase of $2,384, or $199 per month, just for not keeping your driving record clean!
Comparison of full coverage and liability-only policies
Saving money on auto insurance is important to most people, and one common way to find cheaper insurance in Highlands Ranch is to not pay for full coverage. The diagram below illustrates the comparison of auto insurance costs when comparing full coverage to liability only. The rates are based on no claims or driving citations, $250 deductibles, drivers are not married, and no discounts are factored in.
Averaged for all ages 20 through 70, physical damage coverage on your policy costs $1,845 per year over and above liability coverage. That amount may make you wonder when is the right time to remove full coverage. There is no set rule of when to phase out comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is 10% or more of replacement cost minus your deductible, then you might want to consider buying only liability coverage.
For example, let's say your vehicle's settlement value is $7,500 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $6,500 after the policy deductible has been paid. If premiums are more than $650 annually for full coverage, then you may need to consider dropping full coverage.
How to find the cheapest car insurance in Highlands Ranch
The list below shows many thrifty solutions that can help Colorado drivers locate low-cost coverage.
- Avoid getting citations and tickets
- Do not pay for comprehensive and collision coverage on older vehicles
- Accidents can significantly increase rates
- Vehicles with good safety ratings have lower liability rates
- Good credit scores may lower your rates
- Increase your comprehensive and collision deductibles
- Shop around for cheaper prices often
The last item on the list is notably critical, as we noted in this write-up. Insurance rates vary considerably, so don't be tentative to buy a policy from a new company if a lower price can be found. Having brand loyalty is commendable, but we do not recommend it if your bullheadedness ends up costing you a considerable chunk of change every month. It only take a few minutes to compare rates to find cheaper car insurance in Highlands Ranch.