Finding good, reasonably-priced car insurance is challenging, and deciding which company offers the best insurance rates in Loveland involves more quotes for comparison. Each insurance company has a proprietary method to determine premium rates, so let's begin by taking a look at the most competitive insurance companies in Loveland.
It's important that readers know that Loveland, CO insurance rates are impacted by many factors that control your annual premium. Events like a birthday, buying a safer car, or getting a reckless driving citation can trigger price changes that may make certain companies way too expensive in comparison to the competition.
The Hartford has some of the best car insurance rates in Loveland at around $850 per year. Grange, USAA, Nationwide, and Travelers also make the cut as some of the more affordable Loveland, CO auto insurance companies.
In the above example, if you buy coverage from Nationwide and switched to Grange, you might realize an annual savings of in the neighborhood of $172. Policyholders with Travelers may save as much as $222 a year, and GEICO customers might lower prices by $238 a year.
Bear in mind that those prices are averaged for all drivers and vehicles and and are not calculated with an exact vehicle garaging location in Loveland. So the insurer that can offer you the lowest price may not even be in the list above. That emphasizes why you need to compare rates from multiple companies using your own personal information and vehicle type.
For drivers in Loveland, one of the more important components that help determine auto insurance rates is where you choose to live in Loveland. Areas with more people or higher crime rates will most likely have higher rates, whereas areas with lower crime rates and fewer weather claims have the luxury of lower rates.
The table below lists the most expensive areas in Colorado to purchase a policy in. Loveland comes in at #24 with a yearly cost of $1,096 for car insurance, which is approximately $91 monthly.
|Rank||City||Premium Per Year|
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Rate information is estimated as the specific garaging location can lower or raise premiums considerably.
The car, truck, or SUV you are insuring is one of the largest considerations when quoting cheap insurance in Loveland. Vehicles with high performance, poor crash test ratings, or high incidents of liability claims will cost quite a bit more to insure than safer models. The information below ranks insurance costs for the most economical vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$787|
|Ford F-150 STX Regular Cab 2WD||$863|
|Honda CR-V EX 2WD||$902|
|Honda Accord EX 4-Dr Sedan||$909|
|Ford Edge SE AWD||$912|
|Toyota Tacoma Double Cab 4WD||$930|
|Nissan Altima 2.5 4-Dr Sedan||$938|
|Dodge Grand Caravan SXT||$948|
|Ford Focus SES 4-Dr Sedan||$960|
|Toyota Corolla S||$978|
|Ford Escape Limited 4WD||$987|
|Kia Optima LX||$1,003|
|Chevrolet Impala LT||$1,067|
|Toyota RAV4 Limited 4WD||$1,074|
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Premium data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Estimates do not factor in vehicle garaging location which can raise or lower auto insurance rates greatly.
Looking at the numbers, we can presume that cars like the Hyundai Elantra, Ford F-150, and Honda CR-V should be some of the most budget-friendly vehicles to insure for drivers in Loveland.
Irresponsible driving raises your rates
One of the best ways to get good car insurance rates in Colorado for drivers in Loveland is to be a good driver and not get tickets or have accidents. The illustration below shows how traffic citations and accidents impact insurance prices for different age groups of insureds. The premium estimates are based on a single male driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied.
The data above shows the average cost of a car insurance policy in Loveland per year with a clean driving record and no accidents is $1,476. Get one speeding ticket and the average cost rises to $1,665, an increase of $189 each year. Now include two accidents along with the one speeding ticket and the 12-month cost of car insurance in Loveland increases to an average of $3,447. That's an increase of $1,971, or $164 per month, just for not keeping your driving record clean!
Ideas for buying cheaper car insurance in Loveland
The list below summarizes some thrifty suggestions that can help you find lower-cost coverage.
- Do not get into accidents that are your fault
- Try to remain claim-free
- Just one traffic violation will increase your rates
- Improve your credit rating
- Higher comprehensive and collision coverage deductibles will save money
- Buy your homeowners policy from the same company as your auto insurance
- Compare rates and switch if you can find a better deal
That last tip is notably crucial, as we noted in the prior article. Insurance prices can change considerably in a year, so drivers shouldn't be reluctant to buy from a different company if you find a better deal. Many consumers stick with the same company and that's fine, but is isn't recommended if it's costing you hundreds every year. It only take a few minutes to shop around and find cheaper insurance in Loveland.