Establishing which company quotes the cheapest auto insurance rates in Littleton may require more time in order to find coverage that fits your buget. Every car insurance company uses a little different formula for setting rates, so let's take a look at the auto insurance companies with the most affordable rates in Littleton, CO.
It's important to understand that Littleton, CO auto insurance rates are calculated based on many things which can substantially decrease or increase the price you have to pay for coverage. Simply improving your credit, moving to a new city, or getting caught speeding may cause policy rate changes that can cause some rates to be more affordable than competitors.
|Rank||Company||Cost Per Year|
|15||Colorado Farm Bureau||$1,640|
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The Hartford may have some of the cheapest car insurance rates in Littleton at around $859 annually. Grange, USAA, Nationwide, and GEICO are also some of the cheaper Littleton, CO car insurance companies.
In the above rates, if you currently have coverage with USAA and switched to The Hartford, you might realize an annual premium reduction of approxmiately $150. Colorado drivers with Nationwide could save as much as $262 a year, and GEICO policyholders might reduce rates by $293 a year.
To find cheaper insurance rates for your vehicle, click here to start your custom quote or click several companies below for low rates.
Remember that these estimates are averaged for all types of insureds and vehicles and do not take into consideration an exact vehicle garaging location in Littleton. So the car insurance company that is best for you may not even be in the top 21 companies in the list above. That underscores the importance of why you need to quote rates from as many companies as possible using your own driver information and specific vehicle type.
For drivers in Littleton, one of the largest things that help determine the cost of insurance is where you choose to live. Cities with larger populations tend to have higher rates, whereas areas that tend to be more rural receive better rates.
The table below rates the most costly cities in Colorado in which to buy car insurance. Littleton is listed at #16 with an annual cost of $1,267 for coverage, which is approximately $106 monthly.
|Rank||City||Average Per Year|
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Annual rates are estimated as the specific zip code location can modify insurance rates significantly.
The type of vehicle that needs insurance is probably the largest consideration when shopping around for the cheapest insurance in Littleton. Vehicles with high performance, poor crash test ratings, or a history of substantial liability claims will cost significantly more to insure than more economical and safe models. The next table outlines insurance rates for a number of the cheapest automobiles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLT 2WD||$1,068|
|Honda CR-V EX 4WD||$1,091|
|Jeep Wrangler Sport 4WD 2-Dr||$1,105|
|Ford F-150 STX Super Cab 2WD||$1,173|
|Honda Civic DX 4-Dr Sedan||$1,240|
|Jeep Grand Cherokee Laredo 4WD||$1,264|
|Toyota RAV4 Sport 4WD||$1,273|
|Volkswagen Jetta LE 4-Dr Sedan||$1,264|
|Ford Focus SES 4-Dr Sedan||$1,308|
|Honda Odyssey EX W/Rear Entertainment||$1,352|
|Chevrolet Silverado LTZ Crew Cab 4WD||$1,354|
|Chevrolet Equinox LTZ 2WD||$1,359|
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Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, multi-policy, safe-driver, claim-free, and multi-vehicle. Price estimates do not factor in the specific area where the vehicle is garaged which can influence insurance rates substantially.
Based on these rates, you can presume that vehicles like the Ford Escape, Honda CR-V, Jeep Wrangler, Ford F-150, and Honda Civic are most likely to be some of the most affordable vehicles to insure for drivers in Littleton.
Do you need full coverage?
Finding the cheapest auto insurance should be important to the majority of drivers, and one of the easiest ways to find cheaper insurance in Littleton is to buy only liability coverage. The example below shows the difference between auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Colorado. The premiums assume no violations or claims, $100 deductibles, drivers are single, and no discounts are applied.
Averaged for all age groups, full coverage costs an additional $2,013 per year more than buying just liability insurance. That proposes the question if buying full coverage is a waste of money. There is no clear-cut rule for dropping full coverage on your policy, but there is a general guideline you can use. If the annual cost of comprehensive and collision coverage is more than 10% of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
For example, let's assume your vehicle's replacement cost is $11,000 and you have $1,000 deductibles. If your vehicle is totaled, the most you would receive is $10,000 after you pay the deductible. If it's costing in excess of $1,000 a year for physical damage coverage, then you might want to think about dropping full coverage.
How to find cheaper auto insurance in Littleton
Here are some of the better money-saving solutions that can help you locate cheaper coverage.
- The safer your car, the less it costs to insure
- Do not get traffic violations
- Remain accident-free and save
- Remove physical damage coverage on older vehicles
- Good credit can save money
- Raise your physical damage coverage deductibles
- Shop around once a year for cheaper rates
That last piece of advice is remarkably critical, as we noted in the prior article. Coverage rates can change considerably in a year, so drivers shouldn't be reluctant to switch companies if a more affordable price is available. Having a favorite company is great, but we do not recommend it if that stubbornness costs you thousands of dollars over several years. If you have a few minutes, now is a great time to compare rates to find cheaper insurance in Littleton.