For teen drivers, one of the big things that are used to help calculate the annual cost of car insurance is where you call home in Colorado. Areas with increased crime or more people like Pueblo, Aurora, and Lakewood likely pay more, whereas less populated areas receive better rates.
The table below ranks the highest-priced areas in Colorado for 18 year olds in which to buy car insurance.
|Rank||City||Premium Per Year|
|Quote Best Rates Go|
Table data uses comparative as specific location information can raise or lower premium rates considerably.
The car, truck, or SUV needing coverage is one of the largest considerations that determines whether or not you find the lowest-priced car insurance for 18 year olds. Vehicles with lots of speed or power, a lack of modern safety features, or high incidents of liability claims will cost much more to insure than safer, lower-performance models.
The next list illustrates car insurance rates for some of the more afforable automobiles to buy coverage for.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$2,804|
|Honda Accord EX 4-Dr Sedan||$2,810|
|Ford Escape XLT 4WD||$2,836|
|Ford Edge SE 2WD||$3,107|
|Ford F-150 XLT Super Cab 4WD||$3,170|
|Volkswagen Jetta 2.0T Station Wagon||$3,245|
|Chevrolet Impala LS||$3,296|
|GMC Sierra SLE Regular Cab 2WD||$3,327|
|Toyota RAV4 4WD||$3,333|
|Chevrolet Malibu Hybrid||$3,327|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$3,359|
|Dodge Grand Caravan SXT||$3,367|
|Ford Explorer Eddie Bauer 4WD||$3,359|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$3,454|
|Start a Quote Go|
Data rating is based on single female driver age 18, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include claim-free, and safe-driver. Estimates do not factor in specific location which can increase or decrease coverage prices substantially.
Based upon the table data, you can see that models like the Honda CR-V, Honda Accord, Ford Escape, and Toyota Prius are going to be some of the cheapest vehicles to insure for teen drivers. The cost of a car insurance policy will trend higher just due to the fact that there is more exposure for 18 year olds, but overall those specific models will have the cheapest auto insurance rates that you'll find.
Buying affordable car insurance is not the easiest thing to do, and deciding which company quotes the best insurance rates for 18 year olds in Colorado will require even more rate comparisons. Policy prices will probably be much greater than the average price in Colorado, with the higher price attributed to the extra risk associated with selling insurance for teen drivers, but reasonably-priced coverage may be achievable if you look hard enough. Each auto insurance company uses different criteria for setting rates, so let's begin by taking a look at the overall cheapest insurance companies in Colorado.
It's important to know that Colorado insurance rates are influenced by many factors that control the price of your policy. Taking a driver safety course, buying a newer car, or getting a DUI can trigger changes in premium resulting in some rates now being more expensive than others.
Cheap Insurance Rates for Teens
|Rank||Company||Cost Per Year|
|15||Colorado Farm Bureau||$1,592|
|Find Cheaper Rates Go|
The Hartford normally has some of the best car insurance rates in Colorado at around $850 a year. Grange, USAA, Nationwide, and GEICO also rank well as some of the cheaper Colorado auto insurance companies.
In the above rates, if you currently buy coverage from Grange and switched to The Hartford, you could see savings of in the neighborhood of $108. Customers with USAA may save as much as $159 a year, and Nationwide customers might realize rate reductions of up to $259 a year.
Understand that those premium estimates are averaged for all types of insureds and vehicles and do not factor in a price surcharge for 18 year olds. So the company that fits your situation best may not even be in the top 21 companies shown above. That is why you need to get rate quotes from many companies using your own individual information.
The chart below demonstrates how deductible levels can raise or lower insurance costs when trying to find cheap insurance for 18 year olds in Colorado. The costs are based on a single male driver, comp and collision included, and no discounts are taken into consideration.
The data above shows that a 30-year-old driver could lower their policy premium by $452 a year by changing from a $100 deductible to a $500 deductible, or save $682 by switching to a $1,000 deductible. Even younger insureds, like the 20-year-old category, can save $1,332 every year by choosing a higher deductible. When increasing deductibles, it is necessary to have enough savings to offset the extra out-of-pocket expense that deters many people from opting for higher deductibles.
Finding a good quality car insurance company is hard considering how many different companies insure vehicles in Colorado. The company rank data displayed below could help you decide which car insurance companies to look at when trying to find cheaper insurance for 18 year olds. The rankings below include the largest companies in the United States, so smaller regional companies are not taken into consideration for this list.
Top 10 Large Auto Insurance Companies in Colorado Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- Titan Insurance
- The Hartford
- The General
Top 10 Large Auto Insurance Companies in Colorado Ranked by A.M. Best Rating
- USAA - A++
- Travelers - A++
- State Farm - A++
- GEICO - A++
- Esurance - A+
- Nationwide - A+
- Allstate - A+
- Progressive - A+
- Titan Insurance - A+
- The Hartford - A+
How to find budget-friendly insurance for 18 year olds
Below you'll find some of the recommended thrifty solutions that can help drivers find cheaper coverage.
- Raise deductibles
- Ensure your driving record is clean
- Vehicles with good safety ratings are usually cheaper to insure
- Do not insure for full coverage
- Remain accident-free and save
- Good credit scores may make rates cheaper
- Compare prices as often as possible
The last item on the list is especially significant, as was emphasized in this piece. Prices change constantly, so don't be unwilling to switch to a new company if you find a cheaper price.
Staying with the same car insurance company is fine, but it's not a great idea if your bullheadedness ends up costing you a lot of money. Now is a great time to compare prices to find cheaper auto insurance for 18 year olds.