The type of vehicle requiring coverage is probably the most important factor when shopping for the best car insurance for state employees. Vehicles with high performance features, poor passenger safety features, or a track record of large liability claims will cost much more to insure than safer models. The information below shows insurance costs for a number of the cheaper vehicles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$872|
|Honda Accord LX-P 4-Dr Sedan||$954|
|Ford F-150 XLT Regular Cab 2WD||$960|
|Honda CR-V EX 2WD||$954|
|Ford Escape XLT 2WD||$984|
|Ford Edge SEL AWD||$1,009|
|Chevrolet Equinox LS AWD||$1,028|
|Toyota RAV4 Limited 4WD||$1,038|
|Chevrolet Malibu Hybrid||$1,028|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$1,047|
|Honda Civic LX 4-Dr Sedan||$1,066|
|Toyota Corolla S||$1,085|
|Chevrolet Silverado LS Extended Cab 2WD||$1,101|
|Kia Optima LX||$1,111|
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Table data does not factor in zip code location which can influence prices greatly.
Based upon the table data, we can conclude that cars like the Hyundai Elantra, Honda Accord, and Ford F-150 will be the cheapest vehicles to insure for state workers.
Comparing rates for cheap insurance is not the easiest thing to accomplish, and figuring out which companies quote the lowest-priced car insurance rates for state employees in Colorado takes even more diligence. Every insurance company has their own unique process for setting rates, so to begin we'll rank the lowest cost car insurance companies in Colorado.
Best Auto Insurance Prices in Colorado
|Rank||Company||Cost Per Year|
|14||Colorado Farm Bureau||$1,624|
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The Hartford may offer some of the best car insurance rates in Colorado at around $850 per year. This is $728 less than the average price paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide would also make the list of some of the more affordable Colorado car insurance companies.
As illustrated above, if you have coverage with USAA and switched to The Hartford, you may see an annual savings of in the neighborhood of $149. Insureds with GEICO may save as much as $291 a year, and Nationwide customers might lower prices by $305 a year.
Be aware that those policy rates are averages for all ages of drivers and types of vehicles and and are not calculated with a price decrease for state employees. So the company that can offer you the best rate may not even be in the list above. That is why you need to quote rates from many companies using your own driver information and specific vehicle type.
For state workers, one of the big components that are used to help calculate car insurance rates is where your residence is in Colorado. Areas with increased crime or more people like Denver, Aurora, and Commerce City will most likely have higher rates, whereas more rural areas have the benefit of cheaper car insurance.
The next table ranks the highest-priced areas in Colorado for state employees to purchase a policy in.
|Rank||City||Average Per Year|
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Price information shown is estimated as the specific garaging location can affect coverage prices significantly.
What is the best car insurance company in Colorado?
Picking the top car insurance provider is hard considering how many companies sell insurance in Colorado. The company information in the lists below can help you choose which insurers to look at when comparing rates. The rankings below are only made up of the largest companies in America, so companies with more of a regional focus are not taken into consideration for these rankings.
Top 10 Large Car Insurance Companies Overall in Colorado
- American Family
- State Farm
- The Hartford
- AAA Insurance
- The General
- Titan Insurance
Liability rates compared to full coverage
Reducing premiums for car insurance is important to the majority of vehicle owners, and an effective way to save on the cost of insurance for state employees in Colorado is to only buy liability insurance. The illustration below shows the difference between car insurance rates with liability coverage only compared to full coverage. The data is based on no claims or driving violations, $500 deductibles, drivers are single, and no discounts are factored in.
If averaged for all ages, physical damage coverage on your policy costs an additional $2,209 per year more than just buying liability insurance. That raises the question if you should buy full coverage at all. There is no clear-cut formula to exclude full coverage on your policy, but there is a guideline you can use. If the annual cost of having full coverage is 10% or more of any settlement you would receive from your insurance company, then it's probably a good time to buy liability coverage only.
Low rates today, overpriced tomorrow
Colorado car insurance rates are determined by lots of factors that will increase or decrease the cost of coverage. Improving your credit rating, marrying your spouse, or getting into an accident can trigger rate changes that may make certain companies more affordable than others. Not only that, but insurers amend premium rates every year to adjust for gains or losses. An extended period of higher than normal claims may result in additional price hikes, while a better loss history may produce cheaper Colorado car insurance rates.
To illustrate this example, the graph below shows rates for the cheapest car insurance in Colorado for a 45-year-old female driver with no accidents or violations, and good credit. When comparing rates based on her current situation, The Hartford might offer the most affordable car insurance rates in Colorado at $859 each year. This is $719 less than the average policy premium paid by Colorado drivers of $1,578. Grange, USAA, GEICO, and Nationwide round out the rest of the cheapest Colorado auto insurance companies.
The chart below compares rates after we give the driver from the first set of rates a chargable claim, a lower credit score, and a traffic citation. Since each company uses their own formula for setting prices, comparing prices may now show a new list of companies as shown below.
Travelers now has the lowest price in Colorado with State Farm, American Family, Grange, and Amica completing the list. This example demonstrates why it is so important to spend some time comparing rates when trying to get the most affordable insurance rates for state employees.
Auto insurance prices are determined by many risk factors and can decrease or increase without notice, so the lowest-price company six months ago may now be one of the more expensive options.