The words "affordable" and "insurance" really don't belong together, in particular when comparison shopping for the best car insurance for veterans. Because it's so expensive, let's take a look at some things that have a considerable impact on car insurance prices, and figure out some ways to cut the cost of your next policy.

The vehicle model you are seeking coverage for is one of the largest factors when shopping for the most affordable car insurance for veterans. Vehicles with lots of horsepower, poor safety features, or a history of substantial liability claims will cost substantially more to insure than more modest models.

The information below estimates insurance premiums for a selection of the most economical automobiles to buy insurance for.

Cheapest Vehicles to Insure for Veterans in Colorado
Insured Vehicle Estimated Cost for Full Coverage
Ford Escape XLS 2WD $954
Toyota Prius $965
Dodge Grand Caravan CV $973
Honda CR-V LX 2WD $984
Jeep Grand Cherokee Laredo 2WD $1,028
Chevrolet Silverado LS Regular Cab 2WD $1,036
Chevrolet Equinox LS 2WD $1,028
Honda Accord EX-L 4-Dr Sedan $1,036
Ford Focus SES 4-Dr Sedan $1,066
Ford Explorer XLT 2WD $1,068
Ford Edge SE 2WD $1,080
Chevrolet Impala LTZ $1,085
Hyundai Sonata GLS 4-Dr Sedan $1,101
Kia Optima LX $1,109
Toyota Corolla XRS $1,104
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Premium 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 claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Premium amounts do not factor in specific garaging location which can alter premiums greatly.

Looking at the data, we can tell that makes and models like the Ford Escape, Toyota Prius, and Dodge Grand Caravan will definitely be a few of the most economical vehicles to insure for veterans.

One of the more important things that determine the price you pay for insurance is where you normally keep your vehicle in Colorado. Regions with larger populations or more claims like Pueblo, Lakewood, and Security-Widefield tend to have more expensive auto insurance rates, whereas areas with less crime or weather claims have the enjoyment of a little cheaper coverage.

The information below ranks the priciest cities in Colorado for veterans to buy an auto insurance policy in.

How much does auto insurance cost in Colorado?
Rank City Annual Rate
1 Pueblo $1,440
2 Denver $1,383
3 Lakewood $1,378
4 Aurora $1,375
5 Security-Widefield $1,330
6 Colorado Springs $1,329
7 Thornton $1,320
8 Commerce City $1,314
9 Arvada $1,308
10 Centennial $1,304
11 Northglenn $1,303
12 Highlands Ranch $1,279
13 Ken Caryl $1,274
14 Brighton $1,273
15 Westminster $1,272
16 Littleton $1,254
17 Castle Rock $1,248
18 Parker $1,220
19 Broomfield $1,179
20 Longmont $1,168
21 Boulder $1,159
22 Greeley $1,156
23 Grand Junction $1,132
24 Loveland $1,074
25 Fort Collins $1,056
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Rates are approximated as the specific geographic location can decrease or increase premiums greatly.

Shopping around for budget car insurance is tough enough, and finding out which companies offer the most affordable car insurance rates for veterans in Colorado may require a little more work. Every car insurance company has a different formula for filing rates in each state, so we'll go over the most affordable car insurance companies in Colorado.

It's a good idea to know that Colorado car insurance rates are impacted by many factors that will increase or decrease the price you pay for coverage. This price variability is why it is critical to do a thorough rate comparison to find the cheapest car insurance rates for veterans. Car insurance prices are calculated by many things and can increase or decrease at any time, so the cheapest option six months ago may now be costing you a lot of money.

Best Car Insurance Prices for Vets

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The Hartford generally has some of the lowest car insurance rates in Colorado at around $859 each year. Grange, USAA, GEICO, and Nationwide would also be considered some of the lowest-priced Colorado car insurance companies.

In the above example, if you have coverage with USAA and switched to The Hartford, you could see an annual savings of about $170. Insureds with GEICO could save as much as $282 a year, and Nationwide policyholders might lower prices by $296 a year.

If you want to find out if you're overpaying, click here to start a quote or quote prices from the following companies.

Be aware that those prices are averaged across all types of drivers and the different vehicles they drive and and are not calculated with a rate decrease for veterans. So the auto insurance company that can offer the best rates for your situation may not even be in the top 21 companies shown above. That point stresses why you need to compare as many prices as possible using your own specific driver and vehicle information.

What is the best car insurance company in Colorado?

Finding the best insurance provider can be rather challenging considering how many different companies there are to choose from in Colorado. The company information in the lists below may help you choose which car insurance providers you want to consider when trying find the best insurance for veterans.

These rankings include the companies with a significant amount of written premium nationwide, so companies that have a smaller presence will not be included in the list. To check rates from these and other top-rated companies, click this link.

Top Car Insurance Companies for Veterans 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: Insure.com Best Car Insurance Companies

The example below shows how different deductible levels can impact insurance costs when quoting cheap insurance for veterans in Colorado. The costs are based on a married male driver, comp and collision included, and no additional discounts are factored in.

The chart above illustrates that a 30-year-old driver could lower their car insurance rates by $324 a year by switching from a $100 deductible to a $500 deductible, or save $490 by choosing a $1,000 deductible. Even younger drivers, like the age 20 example, could possibly save up to $978 or even more by using a higher deductible. If you do raise deductibles, it will be important to have spare funds to enable you to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.

Liability only or full coverage

Saving money on car insurance is important to most people, and one of the best ways to find cheap insurance for veterans in Colorado is to buy only liability coverage. The example below shows the difference between car insurance costs with full phyical damage coverage and with liability coverage only. The rate quotes are based on no driving violations, no at-fault accidents, $1,000 deductibles, single marital status, and no discounts are applied.

Averaged out for all age groups, physical damage insurance costs $1,476 per year over having just liability coverage. That touches on the question if it's worth it to buy full coverage. There is no clear-cut formula that works best for making the decision to drop physical damage insurance, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than around 10% of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.