One of the many considerations that help determine auto insurance rates is where you keep your vehicle in Commerce City. Regions with more people or even just more weather-related claims are more likely to have higher rates, whereas areas with less people or fewer weather incidents have the gratification of cheaper auto insurance rates.
The following table shows the most expensive places in Colorado to purchase auto insurance in. Commerce City ranks #5 costing $1,354 for car insurance, which is about $113 monthly.
|Rank||City||Premium Per Year|
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Price information shown is comparative as the specific garaging location can influence auto insurance rates considerably.
Now that we understand where Commerce City ranks compared to other Colorado cities, comparing rates for low-priced insurance is tough enough, and determining which company offers the cheapest insurance rates in Commerce City may require a little more work. Each company uses a different method for determining rates in each state, so we'll go over the insurance companies with the overall cheapest rates in Colorado.
Best Auto Insurance Prices in Commerce City
|Rank||Company||Cost Per Year|
|15||Colorado Farm Bureau||$1,640|
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The Hartford quotes some of the cheapest car insurance rates in Commerce City at around $850 each year. Grange, USAA, Nationwide, and Auto-Owners also are some of the cheaper Commerce City, CO auto insurance companies.
As shown in the rates above, if you are insured with Nationwide and switched to The Hartford, you might achieve a yearly price reduction of upwards of $271. Policyholders with Auto-Owners might save as much as $318 a year, and Travelers customers might lower prices by up to $321 a year.
To discover how much you can save, click here to begin a quote or visit any of the low-priced companies below.
It's important to note that these estimates are averaged across all drivers and vehicles and do not take into consideration an exact vehicle garaging location in Commerce City. So the car insurance company that can offer the best rates for your situation may not even be in the list above. That underscores the importance of why you need to quote rates from as many companies as possible using your own individual information.
Can you find cheaper Commerce City car insurance?
Colorado insurance rates are impacted by many factors which can significantly increase or decrease the price you pay for coverage. Simply having another birthday, moving to a new city, or getting a driving violation can trigger price changes that may make certain companies cheaper than competitors.
Additionally, insurance companies change rates as often as every quarter to adjust for unexpected claims or profits. An unexpected high level of claims can result in rate increases, while profitable underwriting can result in more affordable Commerce City car insurance rates.
To illustrate this example, the chart below shows the cheapest car insurance in Commerce City, CO for a 40-year-old female driver with no violations or accidents, and solid credit. If we estimate rates based on her personal risk profile, The Hartford may have the best car insurance rates in Commerce City at $1,058 a year. This is $520 less than the average rate paid by Colorado drivers of $1,578. Grange, USAA, Nationwide, and Auto-Owners are the rest of the most affordable Commerce City, CO auto insurance companies.
Let's now give the driver from the first set of rates a chargable claim, a lower credit score, and a traffic ticket or two. Due to the fact that every auto insurer has a unique formula for establishing rates, comparing insurance quotes could now result in a completely different list of affordable companies as shown below.
Travelers now has the best car insurance rate in Commerce City with State Farm, Grange, American Family, and Progressive also being competitive. This example illustrates why Colorado drivers need to shop around with many companies to find the lowest car insurance rates in Commerce City.
Auto insurance prices can be determined by many factors and change frequently, so the cheapest company six months ago may now be quite expensive.
The vehicle model you are seeking coverage for is probably the biggest factor when comparison shopping for cheap car insurance in Commerce City. Vehicles with economical engines, modern passenger safety features, or low incidents of liability claims will cost less to insure than adrenaline junky models.
The next list showcases auto insurance rates for a selection of the cheaper vehicles to insure in Colorado.
|Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$1,386|
|Honda CR-V EX-L 4WD||$1,419|
|Dodge Grand Caravan CV||$1,421|
|Ford Escape XLT 4WD||$1,469|
|Volkswagen Jetta LE 4-Dr Sedan||$1,502|
|Ford F-150 XL Super Cab 4WD||$1,553|
|Ford Explorer XLT AWD||$1,562|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,584|
|Ford Edge Limited 2WD||$1,612|
|GMC Sierra SLE Crew Cab 4WD||$1,622|
|Chevrolet Impala LS||$1,612|
|Chevrolet Equinox LTZ AWD||$1,617|
|Chevrolet Malibu LTZ||$1,612|
|Ford Focus S 4-Dr Sedan||$1,655|
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Table data assumes 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, homeowner, and multi-vehicle. Rate quotes do not factor in the specific area where the vehicle is garaged which can lower or raise insurance rates significantly.
Based upon the table data, we can presume that vehicles like the Hyundai Elantra, Honda CR-V, Dodge Grand Caravan, and Ford Escape will definitely be the most affordable vehicles to insure for drivers in Commerce City.
Get discounts on Commerce City auto insurance
Insurers that provide coverage in Commerce City may also offer policy discounts that could lower prices by 25% or more if you are eligible for them. Larger car insurance companies and their offered discounts can be found below.
- GEICO discounts include anti-lock brakes, multi-policy, defensive driver, seat belt use, and daytime running lights.
- Travelers policyholders can earn discounts including good student, student away at school, early quote, hybrid/electric vehicle, multi-car, and payment discounts.
- Farm Bureau may include discounts for multi-policy, renewal discount, safe driver, driver training, youthful driver, and 55 and retired.
- Liberty Mutual offers discounts including good student, exclusive group savings, preferred payment discount, new vehicle discount, multi-car, safety features, and newly married.
- American Family has savings for multi-vehicle, air bags, good driver, accident-free, early bird, defensive driver, and Steer into Savings.
- Progressive offers premium reductions for good student, online signing, multi-policy, continuous coverage, and homeowner.
The information below visualizes the comparison of insurance costs with and without discounts applied to the premium. The premiums assume a female driver, no accidents or driving violations, Colorado state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The second shows the rates with multiple vehicle, safe-driver, vehicle safety, defensive driving course, claim-free, and marriage discounts applied. When discounts are applied, the average savings per year on car insurance in Commerce City is 28% or $712.
Full coverage versus liability only rates
Finding the cheapest car insurance is the goal of the majority of people, and a good way to find cheap insurance in Commerce City is to only pay for liability coverage. The illustration below shows the comparison of annual premium costs with full physical damage coverage compared to only buying liability only. The data assumes no claims or violations, $100 deductibles, marital status is single, and no policy discounts are applied.
Averaged out for all age groups, full coverage costs $2,242 per year more than carrying just liability coverage. Lot's of drivers question if it's worth it to buy full coverage. There is no clear-cut formula that is best for determining when to drop full coverage on your policy, but there is a general convention. If the annual cost of comprehensive and collision coverage is 10% or more of replacement cost minus your deductible, then it may be the right time to buy liability only.
For example, let's pretend your vehicle's settlement value is $4,500 and you have $1,000 physical damage deductibles. If your vehicle is severely damaged, the most you would receive is $3,500 after the policy deductible has been paid. If you are paying in excess of $350 annually for your policy with full coverage, then you might want to think about dropping full coverage.
There are a few cases where eliminating full coverage is not a good idea. If you still owe a portion of the original loan, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you don't have enough money to buy a different vehicle if your current one is totaled, you should not consider dropping full coverage.
Driving violations and accidents
The best way to score good car insurance rates in Commerce City for drivers in Commerce City is to be a safe driver and avoid traffic citations and accidents. The example below highlights how traffic violations and at-fault claims can impact annual premium costs for each age group. The data is based on a married male driver, comprehensive and collision coverage, $500 deductibles, and no discounts are taken into consideration.
The data charted above shows the average cost of auto insurance per year with no accidents or violations is $1,877. Get two speeding tickets and the average cost jumps to $2,589, an increase of $712 each year. Now get two accidents along with the two speeding tickets and the yearly cost of car insurance in Commerce City increases to an average of $5,386. That's an increase of $3,509, or $292 per month, just for not keeping your driving record clean!
How to find more affordable insurance in Commerce City
The list below summarizes some penny-pinching ideas that can help drivers buy cheaper car insurance.
- Home or renters coverage can save on auto insurance
- Raise your physical damage coverage deductibles
- Accident-free drivers may qualify for discounts
- Increase your credit score
- Try to not file small claims
- Avoid getting citations and tickets
- Shop around for cheaper rates regularly
The last tip in the list is particularly significant, as was stressed in the prior article. Car insurance prices fluctuate constantly, so drivers shouldn't be reluctant to buy from a new company if a cheaper rate is available. Brand loyalty is great, but it's not recommended if that loyalty ends up costing potentially thousands of dollars a year. In less than five minutes you could compare rates to find cheaper auto insurance in Commerce City.