One of the more important things that determine the annual cost of car insurance is where you call home. Areas with a lot of weather claims or more people likely pay more, whereas areas with less crime or weather claims have the gratification of cheaper auto insurance rates.
The following table lists the highest-priced places in Colorado to buy auto insurance in. Aurora is ranked #3 with an annual rate of $1,417 for car insurance, which is approximately $118 per month.
|Rank||City||Average Per Year|
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Prices are estimated as specific Aurora garaging address can influence premiums considerably.
Now that we understand where Aurora ranks on price, finding decent, affordable auto insurance is challenging, and finding out which companies quote the lowest-priced auto insurance rates in Aurora requires even more rate comparisons. Each company uses slightly different criteria to determine rates, so we'll take a look at the auto insurance companies that tend to be cheaper in Colorado.
Compare Cheap Insurance Quotes in Aurora
|Rank||Company||Cost Per Year|
|15||Colorado Farm Bureau||$1,592|
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The Hartford generally has some of the lowest car insurance rates in Aurora at around $859 a year. Grange, USAA, GEICO, and Nationwide also are some of the more affordable Aurora, CO insurance companies.
In the above example, if you have coverage with Nationwide and switched to Grange, you could see a yearly savings of about $197. Colorado drivers with Auto-Owners may save as much as $234 a year, and Travelers customers might cut rates by $261 a year.
Remember that these premium estimates are averaged across all insureds and vehicles and do not take into consideration a specific location in Aurora. So the car insurance company that can offer the best rates for your situation may not even be in the top 21 companies in the list above. That illustrates why you need to compare rates from multiple companies using your own driver and vehicle profiles.
The importance of shopping around
Aurora, CO auto insurance rates are calculated based on many things that may substantially change the price of coverage. Simply improving your credit, buying a home, or getting a reckless driving citation may prompt premium changes that can make some companies affordable when they were higher priced. Not only may things change on your end, but insurance companies modify rates without warning to help ensure profitability. Heavier than normal losses can result in higher rates, while lower claims may cause lower-cost Aurora car insurance rates.
The chart below shows a variety of companies that have the cheapest car insurance in Aurora, CO for a 30-year-old female driver with no accidents, a clean driving record, and a good credit rating. When comparing rates based on her personal profile, The Hartford might quote the lowest car insurance rates in Aurora at $1,095 per year. This is $483 less than the average policy premium paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and GEICO are also on the list of the cheapest Aurora, CO auto insurance companies.
The chart below compares rates after we give the driver from the first rate comparison some claims, slightly worse credit, and a few blemishes on her driving record. Due to the fact that each insurance company has their own guidelines to set premium rates, comparing rates may now present a different list of the cheapest Aurora car insurance companies as shown below.
Auto-Owners now has the cheapest auto insurance in Aurora with State Farm, American Family, Progressive, and Grange now being in the top five. This example illustrates why consumers need to take the time to perform a complete rate comparison when trying to find the best auto insurance quotes in Aurora.
Rates are impacted by many risk factors and can increase or decrease at any time, so the lowest-price company two years ago may now be one of the higher cost companies.
The car, truck, or SUV that needs insurance is a large factor that determines whether or not you can buy cheap auto insurance in Aurora. Vehicles with more horsepower, a lack of safety features, or a history of substantial liability claims will cost more to insure than safer models. The list below estimates insurance rates for a number of the most affordable vehicles to buy coverage for.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 2WD||$1,335|
|Dodge Grand Caravan SE||$1,461|
|Ford Escape Limited 2WD||$1,463|
|Honda Accord LX 4-Dr Sedan||$1,476|
|Hyundai Elantra GLS Touring Station Wagon||$1,483|
|Ford Edge Limited 2WD||$1,517|
|Chevrolet Impala LT||$1,546|
|Toyota RAV4 2WD||$1,556|
|Ford Explorer XLT AWD||$1,600|
|Toyota Corolla LE||$1,628|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,633|
|Ford F-150 XL Crew Cab 4WD||$1,638|
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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 homeowner, safe-driver, multi-vehicle, multi-policy, and claim-free. Information does not factor in specific Aurora, CO garaging location which can raise or lower prices substantially.
By looking at the data, you can infer that makes and models like the Honda CR-V, Dodge Grand Caravan, Ford Escape, and Honda Accord are some of the cheapest vehicles to insure for drivers in Aurora.
The information below highlights how deductible choice can influence premium costs when searching for cheap insurance in Aurora. The rate quotes are based on a married female driver, comp and collision included, and no policy discounts are applied.
The chart above illustrates that a 50-year-old driver could lower their policy premium by $288 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $436 by switching to a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, could drop their prices $712 or even more by choosing larger deductibles on their policy. When increasing deductibles, it is important to have spare funds to enable you to cover the extra out-of-pocket expense that is associated with using high deductibles.
How much more does full coverage cost?
Finding cheaper auto insurance is important to the majority of vehicle owners, and one way to save on the cost of insurance in Aurora is to not pay for full coverage. The example below shows the comparison of car insurance costs with and without physical damage coverage. The price estimates are based on no violations or accidents, $250 deductibles, drivers are not married, and no discounts are factored in.
Averaged out for all age groups, physical damage insurance costs $2,465 per year over liability only. That is a significant amount which raises the question if you should buy full coverage. There is no exact rule to stop buying full coverage, but there is a general guideline. If the annual cost of coverage is more than about 10% of the vehicle's replacement cost less your deductible, then it could be time to drop full coverage.
For example, let's say your vehicle's book value is $9,500 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $8,500 after you pay the deductible. If premiums are more than $850 a year for your policy with full coverage, then it might be time to buy liability only.
There are some circumstances where removing full coverage is not a good plan. If you still owe money on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if you can't afford to buy a different vehicle if your current one is totaled, you should maintain full coverage.
Discount Aurora car insurance
Auto insurance companies that offer cheap quotes in Aurora could also offer premium discounts that can lower rates by 35% or more if you are eligible. The best auto insurance companies and the discounts they provide are detailed below.
- Farm Bureau may have discounts that include driver training, good student, multi-policy, multi-vehicle, renewal discount, and youthful driver.
- State Farm may include discounts for multiple policy, Steer Clear safe driver discount, safe vehicle, driver's education, and good student.
- Progressive discounts include multi-policy, good student, online signing, continuous coverage, multi-vehicle, and online quote discount.
- Allstate offers discounts including new car, 55 and retired, teenSMART discount, EZ pay plan discount, passive restraint, and eSmart discount.
- Nationwide offers premium reductions for accident-free, Farm Bureau membership, anti-theft, defensive driving, family plan, good student, and easy pay.
- MetLife includes discounts for accident-free, good driver, defensive driver, multi-policy, and claim-free.
The illustration below shows the comparison of insurance rates with and without discounts applied to the policy rates. The data is based on a female driver, no violations or claims, Colorado state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with defensive driving course, multiple vehicle, multiple policy, homeowner, claim-free, and passive restraint discounts applied. With discounts applied, the the amount saved on auto insurance in Aurora is 28% or $712.
How to find economical car insurance in Aurora
It's not impossible to find cheaper rates, and here are some of the better thrifty solutions that can help drivers buy cheap car insurance.
- Save money by observing traffic laws and speed limits
- Higher credit scores may earn you cheaper rates
- Full coverage is expensive so only insure older vehicles for liability only
- Staying accident-free helps keep rates low
- Increase the comprehensive and collision deductibles on your policy
- Drive vehicles with five-star safety ratings
- Shop around for cheaper rates regularly
The final tip is notably valuable, as was discussed in this write-up. Prices charged by companies fluctuate considerably, so drivers shouldn't be resistant to buy a different policy if you find a better deal.
Brand loyalty is not necessarily bad, but is isn't recommended if your bullheadedness ends up costing you hundreds every year. It takes less than five minutes to compare prices to find cheaper insurance in Aurora.