Shopping around for low-cost car insurance is not always easy, and deciding which company quotes the cheapest insurance rates for welfare recipients in Colorado requires even more diligence.
Each company uses slightly different criteria for filing rates in each state, so first let's look at the rankings for the lowest cost insurance companies in Colorado. It's important that you understand Colorado insurance rates are determined by lots of factors which can substantially decrease or increase the cost of your policy. This price variability is why Colorado drivers need to take the time to shop around when trying to get the most economical car insurance quotes for welfare recipients. Car insurance prices are impacted by many risk factors and change dramatically, so the most economical company three years ago may now be one of the higher cost companies.
Cheap Insurance Rates in Colorado
|Rank||Company||Cost Per Year|
|14||Colorado Farm Bureau||$1,592|
|Find Cheaper Rates Go|
The Hartford offers some of the lowest car insurance rates in Colorado at around $825 a year. This is $753 less than the average policy premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Travelers also make the cut as some of the lowest-priced Colorado auto insurance companies.
In the above rates, if you have coverage with USAA and switched to The Hartford, you might realize yearly savings of in the neighborhood of $174. Customers with Nationwide might save as much as $284 a year, and Travelers insureds might realize rate reductions of up to $346 a year.
To find out how your current rates compare, click here to start your custom quote or quote rates from the companies below.
Bear in mind that those policy rates are averages for all drivers and vehicles and and are not figured with a price discount for welfare recipients. So the company that can offer you the best price may not even be in the top 21 companies shown above. That illustrates why you need to get auto insurance quotes using your own individual information.
For drivers on welfare, one of the more important components that are used to help calculate auto insurance rates is where you keep your vehicle in Colorado. Larger areas like Denver, Aurora, and Northglenn will most likely pay more, whereas areas that tend to be more rural benefit from lower coverage costs.
The table below ranks the highest-priced areas in Colorado for welfare recipients in which to purchase auto insurance.
|Rank||City||Premium Per Year|
|Quote Best Rates Go|
Premium amounts are comparative as specific Colorado zip code can modify premium rates significantly.
Picking the best car insurance company is difficult considering how many companies sell insurance in Colorado. The company information shown next can help you pick which providers you want to consider when shopping around. These rankings include the largest companies in America, so smaller regional companies are not factored into these rankings.
Top 10 Major Auto Insurance Providers in Colorado Ranked by Claims Service
- State Farm
- AAA Insurance
- Liberty Mutual
- Titan Insurance
- The Hartford
- The General
Top 10 Major Auto Insurance Providers Overall in Colorado
- American Family
- State Farm
- The Hartford
- AAA Insurance
- The General
- Titan Insurance
Discount Colorado insurance rates
Auto insurance companies that offer coverage for welfare recipients may also offer price discounts that can lower rates by as much as 30% if you meet certain criteria. Companies and some of the premium reductions they offer can be read below.
- American Family discounts include good student, Steer into Savings, good driver, accident-free, and multi-vehicle.
- State Farm offers discounts including good driver, multiple policy, safe vehicle, passive restraint, driver's education, and student away at school.
- 21st Century offers premium reductions for defensive driver, anti-lock brakes, teen driver, automatic seat belts, homeowners, driver training, and student driver.
- Travelers may include discounts for good student, hybrid/electric vehicle, save driver, driver training, and home ownership.
- GEICO may have discounts that include anti-theft, driver training, military active duty, good student, membership and employees, multi-policy, and daytime running lights.
The information below shows the difference between annual premium costs with and without policy discounts. The premiums are based on a female driver, a clean driving record, no at-fault accidents, Colorado state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with anti-theft, safe-driver, multiple vehicle, multiple policy, marriage, and defensive driving course discounts applied. In this example, the average savings per year on insurance for welfare recipients is 28% or $584.
Why are you paying too much for Colorado car insurance?
Colorado insurance rates are impacted by many factors which can substantially change the policy price. Simply getting older, increasing deductibles, or having a fender bender may cause policy rate changes that may make certain companies more affordable than others.
Also, auto insurance companies amend premium rates multiple times each year as an adjustment for underwriting gains or losses. Significantly higher claims may result in increased policy costs, while lower claim levels may result in lower-priced Colorado car insurance rates.
The data below shows rates for the cheapest car insurance in Colorado for a 40-year-old male driver with no accidents or violations, and great credit. If we look at prices based on his current risk factors, The Hartford might quote the best car insurance rates in Colorado at $859 per year. This is $719 less than the average price paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Auto-Owners also make the list of the cheapest Colorado auto insurance companies.
In this next rate comparison, we will give the driver from the first rate comparison an at-fault accident, poor credit, and a traffic ticket or two. Since each auto insurer has their own unique process for establishing rates, comparing insurance quotes could result in a different ranking of affordable Colorado car insurance companies as shown below.
Travelers now has the lowest price in Colorado with State Farm, American Family, Progressive, and Amica also being competitive. This example proves why drivers need to compare as many rates as possible when trying to find the lowest insurance quotes for welfare recipients.
Prices are determined by many things and can increase or decrease at any time, so the most affordable company three years ago may now be priced much higher than other options.
Ideas for buying more affordable insurance for welfare recipients
Lowering your rates is not difficult, and here are some thrifty ideas that can help Colorado drivers get cheaper coverage.
- Full coverage may not be needed on older vehicles
- Accident-free drivers may qualify for discounts
- Home or renters coverage can save on auto insurance
- Increase your credit rating
- Drive vehicles with five-star safety ratings
- Compare prices frequently to find the best deal
The last item on the list is remarkably critical, as we pointed out in the prior information. Auto insurance rates can change considerably in a year, so don't be tentative to switch to a new company if a cheaper price is available. Brand loyalty is great, but we do not recommend it if that inflexibility results in costing you big bucks every year. Now is a great time to compare rates to find cheaper auto insurance for welfare recipients.