One of the more important criteria that are looked at to help calculate the price you pay for insurance is where you call home in Colorado. Areas with high crime rates or more dense population like Pueblo, Denver, and Northglenn tend to pay more, whereas areas with fewer weather claims and lower vehicle theft rates can boast about having cheaper rates.
The information below ranks the highest-priced places in Colorado for drivers over age 70 to purchase auto insurance in.
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Premium costs are estimated as the specific garaging location can modify coverage prices substantially.
The car, truck, or SUV you are seeking coverage for is probably the biggest factor when trying to find the best coverage for drivers over age 70. Vehicles with economical engines, excellent safety ratings, or low incidents of liability claims will cost much less to insure than high performance models. The next list ranks coverage rates for a selection of the cheapest automobiles to insure in Colorado.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda CR-V LX 2WD||$980|
|Honda Accord EX 4-Dr Sedan||$990|
|Ford Escape XLS 4WD||$980|
|Ford F-150 STX Super Cab 4WD||$1,114|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,135|
|Ford Edge Limited 2WD||$1,143|
|Chevrolet Impala LT||$1,160|
|Dodge Grand Caravan Hero||$1,166|
|Toyota RAV4 Sport 4WD||$1,160|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,175|
|Ford Explorer Limited 2WD||$1,181|
|Ford Focus SEL 4-Dr Sedan||$1,207|
|Toyota Camry XLE||$1,223|
|Toyota Corolla XLE||$1,231|
|Honda Odyssey EX-L W/Navigation||$1,223|
|Hyundai Elantra GLS 4-Dr Sedan||$1,229|
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Data based on single female driver age 70, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, claim-free, safe-driver, multi-vehicle, and homeowner. Price information does not factor in zip code location which can lower or raise premiums noticeably.
Looking at the numbers, makes and models like the Honda CR-V, Honda Accord, and Ford Escape are most likely going to be a few of the less-costly vehicles to insure for older drivers. Rates will be higher anyway just because there is more liability exposure for drivers over age 70, but generally speaking those models will probably have the least expensive rates available.
Establishing which companies have the best car insurance rates for drivers over age 70 in Colorado may require a little more sweat in order to find the lowest price. Each insurer has a unique formula for establishing rates, so let's look at the rankings for the lowest cost car insurance companies in Colorado.
Keep in mind that Colorado car insurance rates are based on many factors that will increase or decrease the price you have to pay for coverage. Turning one year older, buying a home, or having an at-fault accident may cause policy rate changes that can make some companies cheaper than competitors.
Find Cheaper Auto Insurance for Age 70+
|Rank||Company||Cost Per Year|
|15||Colorado Farm Bureau||$1,640|
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The Hartford generally has some of the lowest car insurance rates in Colorado at around $834 each year. Grange, USAA, GEICO, and Nationwide would also make the list of some of the cheaper Colorado auto insurance companies.
In the above rates, if you are currently insured with GEICO and switched to The Hartford, you may realize a yearly price reduction of approxmiately $307. Colorado drivers with Nationwide might save as much as $321 a year, and Travelers policyholders might reduce prices by as much as $349 a year.
To see if your current coverage is too expensive, click here to get quotes or visit several of the following companies.
These prices are averaged across all insureds and vehicles and and are not figured with a price increase for drivers over age 70. So the auto insurance company that fits your age and vehicle best may not even be in the top 21 companies in the list above. That underscores the importance of why you need to get auto insurance quotes using your own driver data and vehicle information.
How to find a good Colorado car insurance company
Finding a high-quality car insurance provider can be a challenge considering how many choices you have in Colorado. The information shown next can help you select which auto insurance companies you want to consider comparing prices from.
These rankings are only comprised of insurance companies that insure vehicles in the majority of U.S. states, so companies that focus mainly on Colorado business are not included in these rankings. To compare prices and find cheaper insurance for drivers over age 70, simply click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
The illustration below shows how choosing a deductible can change insurance prices when getting quotes for cheap insurance for drivers over age 70 in Colorado. The information is based on a single female driver, full coverage, and no discounts are applied.
In the chart above, a 40-year-old driver could save $334 a year by switching from a $100 deductible to a $500 deductible, or save $502 by changing to a $1,000 deductible. Younger drivers, like the age 20 example, could save $846 or even more just by choosing larger deductibles. If you do make the decision to raise your deductibles, it's a good idea to have spare funds to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Reckless driving habits raise Colorado car insurance rates
The common sense way to find the best car insurance prices for older drivers is to be a safe driver and not receive tickets or have accidents. The chart below highlights how traffic violations and fender-benders drive up insurance premiums for different age groups. The data is based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.
In the previous chart, the average cost of car insurance per year with no accidents or violations is $2,136. Receive one speeding ticket and the average cost jumps to $2,422, an increase of $286 each year. Now get two accidents along with the one speeding ticket and the 12-month cost of car insurance for drivers over age 70 in Colorado jumps again to an average of $4,985. That's an increase of $2,849, or $237 per month, just for being a careless driver!
How to find economical car insurance for drivers over age 70 in Colorado
The list below shows some thrifty suggestions that can help Colorado drivers quote lower-cost auto insurance.
- Save money by only buying liability coverage for older vehicles
- Choose a safer vehicle and pay lower rates
- Raise your deductibles
- Buy your homeowners policy from the same company as your auto insurance
- Pay for small claims rather than turning them in to your insurance company
- Higher credit scores can equal lower rates
- Compare rates regularly and switch companies to save money
The last item on the list is extraordinarily critical, as was stressed in this write-up. Coverage rates can change considerably based on profitability, so don't hesitate to buy from a different company if a lower-cost policy is available.
Having brand loyalty is commendable, but we do not recommend it if that inflexibility results in costing you lots of hard earned cash every month. In just a few minutes you could compare prices and find cheaper insurance for drivers over age 70.